Up 1.17% on the day Japan’s Nikkei is up 266 points or 1.22% in early trading. The move higher comes on the heels of some lofty gains in the US. The Nasdaq rose by 1.74%. The S&P rose by 1.07% and closed above its 100 day MA at the 2700.47 level.
Highlight of the April survey of UK economists
Pair moves toward 100 hour MA , the USDJPY traded up and down yesterday but failed on the break above the 100 hour MA. As posted earlier The price in the early Asian session has moved higher and in the process is back testing the MA levels. The 200 hour MA is at 107.12. The…
Westpac leading index for March Australia’s March the leading index fell -0.22% versus a revised +0.43% gain in the prior month. The original game was 0.29% in February.
But also see business investment to pick up significantly A Reuters poll of US economists shows: The poll of economists suggests the White House hopes for sustained economic growth about 3% will not be realized, which in turn may spawn future expectations for even bigger budget deficits over the coming years
The latest world economic outlook – Leaves 2018 global growth at 3.9%, same as January – Leaves 2019 global growth at 3.9%, same as January – Boosts 2018 US growth to 2.9% from 2.7% Have they seen the recent data from Europe? It’s not the kind of thing that should be sparking a growth upgrade.
US housing starts and Canadian manufacturing up next USD/CAD is trading at a session low, down about 13 pips on the day to 1.2550. The data at the bottom of the hour probably won’t spark a significant move but there’s always a chance.
It’s tax day in the USA – Tax form may be similar to ‘a large postcard’ – CBO never gets it right on tax policy – Starting to see ‘economic boom’ as a result of tax bill
Building permits 1354K vs. 1321K expected The USD is higher after the report. The USDJPY is trading up to 107.13. That is where the 200 hour MA is found. The 100 hour MA is up at 107.168
Canadian February manufacturing sales data – Prior was -1.0% (revised to -1.3%) – Ex autos +1.1% vs -0.3% prior – New orders +5.0% vs +1.0% prior – Inventories +1.3% That new orders number is impressive but this report isn’t typically a market mover.