LeTechs Forex Blog - USD Slips in Asia, US Data in Focus Today

13 Apr

USD Slips in Asia, US Data in Focus Today

admin Forex Fundamental Outlook 0 Comments

ï¶ USD - PPI m/m @ 06:00 pm

ï¶ USD - Unemployment Claims @ 06:00 pm

ï¶ USD - Prelim UoM Consumer Sentiment @ 07:30 pm

ï¶ CAD - Manufacturing Sales m/m @ 06:00 pm

ï¶ CAD - BOC Gov Poloz Speaks @ 07:30 pm

*All Timings are in Indian Standard Time Only.

Trump trade slowing down extended into Asian session, with the US dollar & treasury yields accelerating suddenly downslide, following Trump jawboned the US currency on yesterday. Amidst broad USD quietness, risk-off sentiment too crowd markets in Asia, as safe-haven gold & yen settles multi-month high at the cost of risk assets such as equities & bond yields.

Risk-aversion was mostly induced by rehabilitated concerns on the Korean peninsula, following foreign media in North Korea were told that Korea’s nuclear test site shows primed & ready, even as the US Govt. sources noted that that North Korea’s oil imports, cargo ships, state airlines are among the probable targets in the event of US-led permits efforts on N. Korea.

Later in our day, focal point remains on the US macro news, in absence of important market moving events lined up for discharge in the EURO calendar. For now, the German final CPI & BOE credit conditions survey will keep EURO, GBP traders fairly busy. In the US session, we have the CAD - Canadian manufacturing sales & NHPI data. As of the US docket, PPI, consumer sentiment & jobless claims will be observing. In addition, BOC Governor Poloz’s speech will also dominate the attention later today.

Previous Next