The ECB maintained a cautious stance and left monetary policy unchanged – the market perception is that the American FED will follow suit.
US data is holding up well and creating a continuing appetite for risk however fears of the Biden administration taxing investment returns dented that appetite. The US$ is not benefitting from risk demand and EURUSD remains close to its recent highs.
Higher risk appetite and the reducing lockdown constraints in certain countries is contributing to higher commodity prices pretty much across the board.
Aside from the important rate decisions we are light on data so markets will likely watch political statements and look towards Russia for further clues as to their intent towards Ukraine.
|
Date |
Country |
Figures |
Expected |
Previous |
|
April 26 |
USA |
Durable goods (Mar) |
2.5% |
-1.2% |
|
April 27 |
USA |
Consumer Confidence |
97 |
91.3 |
|
April 28 |
USA |
OPEC Meeting |
|
|
|
|
USA |
FED Interest Rate decision |
0.25% |
0.25% |
|
April 29 |
Germany |
Unemployment rate |
6% |
6% |
|
|
Germany |
CPI (YoY) (Apr) |
1.8% |
1.7% |
|
|
USA |
Initial Jobless Claims |
560K |
547K |
|
April 30 |
EUR |
CPI (YoY – Apr) |
1.6% |
1.3% |
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