White House economic advisor Kudlow speaking on Fox TV 5 April – expects barriers will come down on both sides as part of a deal – any second US tax plan is not likely to be immediate Nothing in here to move FX prices but we’re seeing some general USD supply now following the pre-data…
Canada merchandise trade The Canada Trade deficit was higher than expected at -2.7B vs -2.1B expected. For the full report . The CAD has weakened to a new session high in the USDCAD at 1.2800, but has retraced back down to 1.2787 currently
US February trade balance data now out 5 April – -56.7bln prev US trade deficit showing no signs of improvement and frankly as a net importing nation, like the UK, will not be benefitting from any USD weakness.
Continuing claims 1808k vs 1843K expected
More USD demand as the US data release looms 5 April Decent support at 1.4030 now history but more lurking around 1.4000 holding at the moment EURUSD down thru 1.2250 but bids demand at 1.2230 next
Latest data released by Eurostat – 5 April 2018 A miss compared to expectations and poorer revisions. The data points for the Eurozone today has just been disappointing – .
China has a couple of “Trump” cards to play, but dumping Treasuries may not be one of them The trade wars rhetoric between the two nations are starting to calm down a bit – in part because China is on a break until next week – but how soon or how well negotiations between the…
Your UK data risk at 08.30 GMT 5 April Expectations: 54.0 vs 54.5 prev PMI readings don’t count much nowadays but this one is a little more notable given the sector’s 80+% contribution to UK GDP
UK Markit/CIPS March services PMI data now out 5 April – 54.5 prev – composite 52.5 vs 54.0 exp vs 54.5 prev Ouch. Not good especially given the sector’s 80+% contribution to UK GDP
Yellen was attending a private event hosted by investment bank Jefferies This via a Reuters report. Citing an anonymous source, Yellen also commented that recent US tax cuts and a boost in government spending poses at least some risk of running the economy hot.