Economic Data On Deck
Today economic data releases are relativity light today. Release schedule for today are as follow:
Commodities
Aussie Sold Aggressively Post Shocking RBA Rate Decision; Euro Still Bid
– RBA shocks markets and cuts by 50bps to 3.75% – Decision surprising given RBA track record – Aussie sold aggressively across the board in response – UK manufacturing PMIs disappoint; weighs on Pound
Before The Market
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
Pre-Market Movers April 30
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
Week of April 30 Economic Calendar
Week of April 30, 2012 Economic Calendar.
Breaking News – Consumer Sentiment for April
Consumer Sentiment for April slightly better than expected
U.S. GDP Disappoints
The Uof Economic Analysis released its Q1 report.
Spain Credit Rating Downgraded on Negative Outlook
Spain late Thursday.
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish?
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish? British Pound Resilient Despite Double Dip Recession New Zealand Dollar Advances after RBNZ’s Slightly More Dovish Tack Japanese Yen Gains Despite Positive Risk Sentiment Euro: ECB President Draghi Eases His Inflation Tone Canadian Dollar Looking to Capitalize on Break to 7-Month High Gold Recovers from Yet Another Early Fall Thanks to the Dollar Dollar Slips after Fed Forecasts Turn Slightly More
NZ Dollar Rallies as RBNZ Holds Rates
THE TAKEAWAY: RBNZ holds rates at 2.50% > RBNZ wait-and-see approach contrasts with RBA’s dovish bias > Kiwi strengthens
You must be logged in to post a comment.