Daily Alert: Tuesday 11th April 2017

Mark NugentApril 2017, Daily Alert

Forex Analysis for Tuesday 11th April 2017

Economic Calendar

Monday was quiet on the calendar. Geopolitical issues remain the focus – Syria and the US carrier group in the Korean peninsula. China said to be amassing 150,000 troops on the North Korean border to deal with refugees in the event of a US strike on North Korea.

Today (Tuesday): UK CPI y/y hits 2.3% vs expectation of 2.2%.

Market Reaction

The market is pausing and slightly risk-off due to Easter and geopolitical issues. There is little movement in USD or equities with the exception being the UK FTSE250 which closes at a new all-time high. US 10 Year Treasuries drop to support, around 2.35%. Oil continues up , closing at over USD53/bbl. Draghi successfully talks down the EUR. The JPY strengthens on safe-haven flows. The CAD rises on the oil price and the AUD and NZD hold onto their respective support lines.

News Media

Nothing of note.

Today’s Calendar

The calendar is light today.

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