Apr 07


  • BY: Donal Kelly
  • April, 07th, 2016 18:56 +00:00

Good evening,

US indices are losing ground, with the S&P500 down 28.89 points at 2,037.77 (-1.40%) and the Nasdaq Composite at 4,831.34 (-1.61%).   The Japanese Yen positive momentum is continuing with UsdJpy down for the fourth consecutive session. The pair is trading at 108.21 (-1.44%) and several strategists think that the Bank of Japan will intervene if UsdJpy will reach 105.  In case the BoJ will decide to intervene at the opening of the Asian session next Sunday  Jpy denominated pairs may gap. EurUsd is trading at 1.1379 (-0.16%) and GbpUsd is losing 56 pips at 1.4065 (-0.39%).

Gold is viewed today as a flight to quality trade and the shiny metal is up 17.2$ at 1,241 $/0z (+1.41%). Crude Oil is retracing 48 cents at 37.28 $/barrel (-1.25%).  The most relevant event of the Asian session will be the Japanese Consumer Confidence data at 05:00 GMT.  At 05:45 GMT will be the turn of the Swiss Unemployment Rate. At 08:30 GMT several data regarding UK, like Trade Balance and Industrial Production that could bring EurGbp to reach a new year high. At 12:30 GMT will be the turn of Canadian Unemployment Rate and then at 14:00 GMT the UK NIESR GDP Estimate.

(19:50 GMT)