Latest data released by Istat – 17 April 2018 Slight delay in the release by the source. But they are final figures, nothing substantial that will affect price action.
JP Morgan strategist Julien Lafargue spoke to Bloomberg TV earlier Pretty much the market consensus comments there by Lafargue. But he also comments a little on sterling saying that it is the “hardest currency to make a call” on. Adding that he sees sterling staying at current levels for the time being – though what…
GBP/USD up to a high of 1.4374 on the day as the dollar remains weak on the day The pair looks poised for eight straight days of gains if it manages to hold up – it would be the first time since June last year that that has happened.
The statistics people in China with remarks following the data and Q1 GDp March activity data – China pursues balanced trade – Fundamentals of China’s economy not changed Pretty upbeat this mob, eh?
Global Dairy trade auction coming up on Tuesday 17 April 2018 Results should begin arriving from around midday London time. I haven’t seen much for expectations (these usually come from futures pricing) …. which is probably good as they have been hit and miss lately
Forex and Bitcoin news for Asia trading Tuesday 17 April 2018 There was plenty of news and data about but not a lot of movement for currencies. Early news was of further airstrikes into Syria, although not from the US (the Pentagon denied there was US military activity in the area). Currency impact was negligible.
We had GDP data from China for Q1 – steady as she goes there: And also we had: I posted some analysis on the numbers already: Via WSJ (may be gated): And, here is a little more, this via Bloomberg :
China Q1 GDP and March activity data was out earlier: Some bank responses coming in, these in summary (and bolding mine): Nomura: DaiIchi: JPM:
The greenback continues its fall on the week The more notable of the moves are in EUR/USD and GBP/USD as the former touches 1.2400 on the day while the latter continues to break higher, touching session highs of 1.4369.
European equity futures looking more buoyant after overnight gains in US stocks A decent start in early trading, let’s see if the positive mood carries over to the cash equity market later.