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Fed speakers on Monday include a dove and a hawkBank of England Deputy Governor Sarah Breeden is speaking on MondaySwiss National Bank Chairman Jordan will speak on MondayAn engine cover fell off a Southwest Airlines Boeing 737-800 and hit wing during take offAustralian housing finance data for February: Owner occupied +1.6% m/m & Investment +1.2%Earthquake hits southern Japan, emergency warning issued for Miyazaki, KagoshimaPBOC sets USD/ CNY reference rate for today at 7.0947 (vs. estimate at 7.2230)US Treasury readout of Secretary Yellen’s meeting with China’s finance ministerGoldman Sachs says Brent stays below $100/bbl in their base caseBank of Japan Governor Ueda spoke on Central Bank Digital Currency.Bank of Japan Governor Ueda says will respond appropriately to changes in the economyReports that progress has been made in Gaza ceasefire talksJapan current account for February showed a smaller surplus than expectedReal wages in Japan fell for the 23rd consecutive month in FebruaryMiddle East geopolitical tension eased back a little over the weekend3 trends that are going to keep Federal Reserve interest rates higher for longerOil futures have opened for the new week – price drop as weekend risk passesPeople’s Bank of China will lend US$70 billion to support science and technology sectorsICYMI – Bank of America says higher oil prices (>$100) will prevent central bank rate cutsTrade ideas thread – Monday, 8 April, insightful charts, technical analysis, ideasMonday morning open levels – indicative forex prices – 08 April 2024Newsquawk Week Ahead: Highlights include US & China CPI, ECB, FOMC Mins, BoC, RBNZWeekly Market Outlook (08-12 April)Dow Jones technical analysis – a junction of a retest.ICYMI – PIMCO now expect just 2 Federal Reserve rate cuts this year. Were previously at 3.Oil price has been heading higher all year, should we now be excited about a Golden Cross?Bitcoin price forecast: Prepare for a new peakKickstart the April 8 trading week w/ a technical look at the major currency pairs.Apple stock technical analysis: I’m watching this potential retestForexlive Americas FX news wrap: US dollar jumps on hot NFP and then gives it back
It
was a strong day for metals with iron ore, copper, silver and of
course gold all stacking on gains, with Shanghai silver futures
hitting limit up. As
the headline says gold hit another record high. There was no fresh
news, inflation fears seem to be the popular explanation.
Oil
gapped lower to open trade for the week and then lost further ground
before staging a 50% or so retrace. Better news on geopolitical risk
over the weekend including
Israel
and Hamas both sent teams to Egypt for fresh talks on a potential
ceasefire
a
possible temporary ceasefire in Gaza that could be reached by Eid
al-Fitr, The New Arab reported
Israeli
Defence Minister Yoav Gallant said on Sunday that Israel is ready to
handle any scenario that may arise with Iran
Iran
has reportedly informed the US that it will refrain from responding
to the airstrike in which senior IRGC commanders were killed in
Damascus if a ceasefire in Gaza is reached
The
US dollar gave some ground, with rallies for AUD, NZD, GBP, EUR, CAD.
As I post though there have been retracements.
USD/JPY
inched up to a high just over 151.80.
Oil update:
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