Latest data released by Destatis – 5 April 2018 As highlighted before, the data is slightly delayed as the source changed the method in which they are releasing the data .
WTI is up by 0.39% on the day to $63.62 The trendline support from September last year stemmed helped to provide a base of support to stem yesterday’s decline – before the turnaround in risk sentiment – and so far oil is holding steady in trading today.
The pair is only trading in a 15 pips range today As mentioned yesterday , the pair is pretty much hugging the long-term trendline support stretching all the way back to April last year at this point. But traders are still displaying relative calm so far in the session.
Trading ranges remain narrow It’s been a quiet start to the day after yesterday’s tumultuous trading session, but the dollar is slowly inching higher against the major bloc at the moment.
ANZ job ads series, for March up 0.9% m/m – February was down 1.2% For the y/y, up 6.1% (3 month MA basis) – prior +5.8% ANZ comments: – labour market tight
U.S. plans to sanction Russian oligarchs this week under law targeting Moscow for alleged election meddling Reuters citing unnamed sources
Saudi Aramco on Jizan facilities – operating safe and normally after missile launched from Yemen Those Yemenis …. utter disregard for OH&S regulations …
Canadian NAFTA negotiators open to US ideas on agreeing a deal, but do not see how can complete remaining chapters in next 2 weeks Headlines citing ” source familiar with Canada’s negotiating position”
Barclays say the New Zealand dollar is overvalued but nevertheless their 3 month directional outlook for it is neutral. the bank cites (bolding mine, and ICYMI, ) :
China and Hong Kong are both on holiday today and tomorrow Back on Monday! Just FYI …. and stay tuned for the bottom of the hour for …