The CME marketwatch is available now 83% Chance of 25 bp FED HIKE in MAY, from 74% On Friday, mixed US data (a major miss for Retail Sales, but minor gains for Industrial production) was released. Production & Consumer Sentiment) saw USD Rally 1 big number after 12-mth lowsamp; GOLD Crash below $2000 US Stocks Close lower (-0.35% – -0.72%Banks’ Earnings are still surprisingly high, JPM +7.6%But Boeing tanked -5.6% As fault from Supplier Spirit (-20.7%) halted deliveries of 737 MAX. Asian markets were higher.Nikkei Hit a 6-week peak) to begin the week before cooling.
Weekend (IMF Meeting) & Overnight Data – Ueda had more dovish comments, Yellen The Fed has said that tightening bank credit could replace further rate increases. Lagarde warned of a “narrow path” for global economic recovery and Dimon expects rates to be “higher for longer”. NZD Performance Services Index is down at 54.4 from 55.8, but Food Inflation has dropped to 0.8% vs. 1.5%.amp; China’s New Home Prices rose at the fastest pace in 21 Months.
- FX – USDIndex Bounced from Under 100.50 Lows of 12 months over 100 pips 101.50 The market still saw a seventh straight week of declines, and traded at 101.25 now. EUR The decline of 1.1075 You can also find out more about the following: 1.0970 Trades at 1.0990 Now testing 1.1000….