Latest data released by the Federal Statistics Office – 3 April 2018 Better revision, but still a soggy report. Not a good start to the year for retail sentiment. A minor data point, but not going to be one that the SNB can count on for the time being.
No change to the cash rate is expected The decision will be announced at 0430 GMT. If you haven’t got a chance to get to the previews, a host of them provided by Eamonn for your convenience. 🙂
A preview of the calendar in European trading today Howdy, everyone! Hope you’re all doing well today, and for those who enjoyed the Easter break, welcome back!
Satoshi Okagawa, senior analyst at Sumitomo Mitsui Banking Corp. in Singapore argues that the greenback may fall as other central banks tighten policy Okagawa says that the dollar is set for further declines as central banks globally tighten policy and that will erode the dollar’s rate advantage over other currencies.
Citing China’s ambassador to US on the comments Further evidence that the tit-for-tat measures between the US and China is set to continue for some time to come.
Forex and Bitcoin news for Asia trading Tuesday 3 April 2018 The RBA April monetary policy decision is due at 0430 GMT, with no change to the cash rate the unanimous expectation – leaving attention focused on Governor Lowe’s accompanying statement:
European equity futures off to a poor start in early trades Ouch, not looking like a good opening for the cash equity market later. European equity futures not really taking anything from the slightly resilient tone in Asian trading.
Latest data released by Destatis – 3 April 2018 Bloomberg headline reported -0.3% m/m initially, revised to -0.7% m/m according to source figures. Not the most significant of data points, but a slump in retail sentiment in one of the Eurozone’s larger economies – though the data point is known to be a bit volatile.
Tokyo’s main index closes lower on the day as Asian shares slump A softer touch but Japanese equities were rather resilient on the day. It opened at the lows and closed the day near the highs. Likewise for the Hang Seng index. The recovery from the lows is a welcome boost for USD/JPY at the…
According to a report by The Times, citing unnamed sources on the matter Not something that may immediately weigh on the market yet, but give it some time. Especially since it contradicts with what the Bank of England stated last week that banks can carry on with operations as per usual during the transition period.