S&P and Dow close above 200 day MAs. Phew (says the longs) The US stock indices are going out with solid gains in an up and down session. A late day rally on the back of comments from the White House that there was no action planned on Amazon, helped to push the major indices…
We get a speaker from the Board of Governors of the Federal Reserve to kick it off today 2030GMT – Lael Brainard speaking … on financial stability so there may not be much on her economic outlook not policy comments. There will be a Q&A to follow though, so perhaps there will be something pertinent…
The survey of inventories is due at 4.30pm NY time. It’ll hit media sources in the moments following. – Official government data will follow tomorrow morning US time.
Coming up at 0130GMT (Wednesday 4 April 2018), but taking a back seat in terms of interest to the retail sales numbers () … February building approvals
This is a still developing situation, but another mass shooting in the US – This time at YouTube headquarters – Law enforcement report that the shooter is now dead
US Treasury issues the list now – to impose tariffs on about USD 50bn of Chinese imports – covers around 1300 products – increase in tariffs around 25% To the extent that trade war tensions continue to escalate, this is a negative for risk
Forex news for NY trading on April 3, 2018 In other markets at the end of the trading day: – Spot gold is trading down $-9 or -0.67% at $1332.30 – WTI crude oil futures trading of $.57 or 0.90% at $63.57
The terrible news from YouTube headquarters continues, with at least 7 people admitted to hospital An active shooter on scene
An updated view on the AUD from Westpac, issued April 3: The Aussie remains pricey compared to short term fair value estimates. But with sentiment on the US dollar lukewarm, the pressure on AUD is mostly via crosses. We look for USD0.77 end-Jun, and 0.74 end-Dec.
February retail trade data is due today, Wednesday 4 April 2018 at 0130GMT Preview via Westpac: Retail sales posted a disappointing start to 2018 Retailers may have fared a little better in February: