Daily Alert: Thursday 20th April 2017

Mark NugentApril 2017, Daily Alert

Forex Analysis for Thursday 20th April 2017

Economic Calendar

Wednesday: EUR Final CPI, both Headline and Core, met expectations at 1.5% and 0.7% respectively. NZD CPI q/q beat expectation (1.0% vs 0.8%).

Market Reaction

Sentiment remains pretty flat with the risk-off tone enduring. US equities are down/consolidating. Oil drops as does gold. The US 10 Year Treasury yield sits below the short-term support. UK equities remain down after Tuesday’s election announcement. The Euro50 and Japan225 stick close to dynamic support. On the currency markets, the EUR continues to rise before Sunday’s election. The GBP holds the election-related gain. The JPY weakens slightly. CAD falls on oil. AUD sees a three-month low as iron ore continues to fall.

News Media

FTSE250 in the spotlight

Today’s Calendar

BoE Gov Carney speaks.

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