The latest Trump tweet I don’t know why he’s tying US interest rates into that but ok. Russia has increased buying of foreign currencies this year but the reason the ruble has been beaten up lately is because of US sanctions.
Manufacturing survey data from the New York Fed A disappointing number for the New York area manufacturing this month after the strong number that month.
March retail sales data – was -0.1% – Prior control group +0.1% – Ex autos and gas +0.3% vs +0.4% exp – Prior ex autos and gas +0.3% – Ex autos +0.2% vs +0.2% exp That’s a nice bounce back from the consumer.
March retail sales coming up The story this week so far is the rally in the pound and the euro. The US dollar is a tad on the soft side but it will have plenty to digest at the bottom of the hour.
Japan’s Cabinet Office releases its monthly economic report The moderate pace of economic recovery means that they maintain their assessment of the economy for the month of April.
A trio of Fed speakers are on the agenda Here’s the lineup: 1600 GMT – Dallas Fed head Robert Kaplan speaks in Florida Kaplan will be speaking at the International Economic Forum of the Americas World Strategic Forum. There will also be a Q&A session with the audience and the media thereafter.
Slight dollar weakness sees EUR/USD break above the 100-hour MA The dollar is softening across the board as sellers are returning to the fray. The moves are mainly on the euro, sterling and swissie. Ranges are not exactly massive, but they are decent moves.
Latest data released by the Swiss National Bank – 16 April 2018 Prior week’s reading can be found . here Again, not much change in the sight deposits data as the SNB should be relatively happy with where the swissie is sitting at the moment.
2-year Treasury yields touch above 2.38% briefly Short-term yields in the US continue to pick up the pace, as yields are steadily rising on the day – following the easing tensions in Syria.
Daily thread to exchange ideas and to share your thoughts – 16 April 2018 Better late than never! I knew I was letting something slip by me today. Sterling on the move again as the dollar takes a back seat. Has a new chapter been opened between US-Russia relations following the Syria missile attacks? Oil is down,…