- (EU) Daily ECB Liquidity Stats.
- 05:30 (DE) Germany to sell €4.0B in 12-month Bubills.
- 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays).
- 06:00 (IL) Israel Mar Unemployment Rate: No est v 5.1% prior; Unemployment Rate 9including Covid): No est v 16.7% prior.
- 06:00 (IL) Israel Feb Manufacturing Production M/M: No est v -0.5% prior.
- 06:00 (IL) Israel to sell bonds.
- 06:00 (RO) Romania to sell RON500M in 4.15% 2028 Bonds.
- 06:45 (US) Daily Libor Fixing.
- 07:00 (MX) Mexico Feb IGAE Economic Activity Index (Monthly GDP): M/M: 0.1%e v 0.1% prior; Y/Y: -4.1%e v -5.4% prior.
XE Market Analysis: North America - Apr 26, 2021
The dollar has pegged a near eight-week low by the measure of the narrow trade-weighted DXY index, at 90.68. The 10-year Treasury note yield ticked higher, to around 1.580%, but has remained comfortably below last weeks highs and down by nearly 20 bp form the highs seen in late March. The softer profile of longer-dated U.S. yields is a consequence of the Fed s success in convincing markets that there is plenty of spare capacity in the economy, and therefore the inflation risk is limited, while sentiment in markets is somewhat cautious given the in rise in Covid cases in regions where there hasn t been relatively extensive vaccination programs. The risk wary sentiment has bolstered the attractiveness of Treasuries in a low-yield world. The dollar s softness lifted EUR-USD to a two-month high at 1.2117. USD-JPY ebbed to a low at 107.65, but remained above Friday s near eight-week low at 107.47. Cable breached above its Friday high in ma
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EUR/USD Forecast: Fade the taxman? Euro well-positioned after the ECB and depends only on BidenANALYSIS |
4/23/2021 6:41:08 AM GMT
EUR/USD has been bouncing off 1.20 as markets digest the news of US tax hikes.
The ECB s upbeat message may keep the euro bid.
Friday s four-hour chart is painting a mixed picture.
Growth without inflation, does it get better than that? That has been the message from the European Central Bank, which could lead to fresh gains on Friday, assuming no new fears for markets.
The Frankfurt-based institution acknowledged better prospects for the old continent while pledging to keep supporting it with its bond-buying scheme. ECB President Christine Lagarde, stated that phasing out the bank s Pandemic Emergency Purchase Program (PEPP) was not even discussed.
XE Market Analysis: Europe - Apr 23, 2021
The dollar has remained on softening tack, with the narrow trade-weighted DXY index reversing much of the gains seen yesterday. The low so far today is 91.29, while yesterday s low is at 91.00 and the seven-week nadir seen earlier in the week is at 90.86. The 10-year U.S. Treasury yield has ticked higher, but remains off recent highs, and overall price action could best be described as bumping along near one-month-plus lows. EUR-USD lifted to a high at 1.2057 on the back of the dollar s weakening, extending a rebound from yesterday s four-day low at 1.1993. USD-JPY remained heavy, testing the seven-week low that was pegged yesterday at 107.81. Cable retraced about a third of the decline seen in recent days in lifting to a high at 1.3891. AUD-USD also rose, reversing most of Thursday s decline, while USD-CAD printed a two-day low at 1.2468. Oil prices lifted out of lows, with front-month WTI futures recouping to the $62.0 level, up from yeste
4/23/2021 11:25:02 AM GMT | By Eren Sengezer
The European Central Bank s (ECB) policymakers are reportedly differing on views with regards to economic optimism and asset purchases, Bloomberg reported on Friday, citing sources familiar with the matter.
The decision over the pace of the Pandemic Emergency Purchase Program (PEPP) is expected to be difficult at June s policy meeting, Bloomberg further noted.
Market reaction
This headline doesn t seem to be having a noticeable impact on the shared currency s performance against its rivals. As of writing, the EUR/USD pair was up 0.32% on a daily basis at 1.2055. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research