Q2 will begin with Easter Week. Many markets around the world will close for the holiday, which could lead to a slower pace of trading.
USD strengthened today and extends Friday’s gains with the help of diminished bank fears and the improved outlook on the economy. US Stock markets The Q1 quarter ended with solid gains, some quarter-end flows and solid gains. The year-to date, the major indexes are up for the most part. This is paced by the US100‘s 16.8% pop. Asian markets are stronger into the third quarter, US futures tend to be lower, but European futures are mixed. Australian Property research group reports that national home values rose 0.6% from February to March, ending a 10-month-long streak of falls. CoreLogic. Oil Today, the price of a barrel rose to $5+ OPEC has announced a surprise output reduction.
Overnight: Japan – Tankan Large All Industry Capital Expenditure missed significantly (3.2% vs. 9.9%), China – Caixin PMI (50 vs. 51.7)Australian Building Permits4% vs. 2.6%).
- FX – USDIndex All rallied to 12.58, EUR The temperature dropped to 1.0780 Trades to Last week, 1.0930 CHF Topped to 0.9195 However, the USD is currently gaining ground after Swiss CPI inflation fell more than expected. JPY Continued spiking 133.80 As Japanese data miss…
