Gold

Lower Eurozone Producer Prices Fail to Stimulate Euro Volatility
Currencies

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THE TAKEAWAY: PPI numbers come in lower than expected -> high energy prices continue to affect producers -> Euro trades within tight range Producer price inflation in the 17-nation Eurozone increased less than expected in March, representing the sixth consecutive monthly drop in the gauge. The month-on-month number came in at 0.6% vs. the 0.5% predicted by economists, while the yearly number was 3.3% versus the expected 3.4%. The numbers

Analyzing Entries for the Next Kiwi Move
Currencies

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The NZDUSD (Kiwi Dollar) currency pair is one riddled with uncertainty. It has spent the better part of 2012 heading higher from its January low at .7708. After moving as much as 677 pips to our standing high at .8385, the pair has faltered failing to advance further to challenge the pairs all time high at .8841.

JPY Approaching Favorable Long Entries- NZD Eyes Key Support At 8080
Currencies

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Daily Winners and Losers The Japanese yen is the top performer against a stronger dollar at the close of European trade with loss of just 0.11% on the session. The greenback has continued to outperform all its major counterparts as markets remain on the defensive after a weaker than expected ADP employment report showed the addition of just 119K private sector jobs in April, missing consensus estimates for a print

Euro
Commodities

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THE TAKEAWAY: Manufacturing PMIs much weaker than expected -> Core countries hit by slowing demand from the European south -> Euro falls against US Dollar Weak readings from the European manufacturing sector sparked a bout of Euro weakness today. The weighty German manufacturing purchasing managers’ index came in at 46.2 versus the expected 46.3. Beleaguered Italy was hit hardest, with the gauge coming in at 43.8 versus the expected 47.1.

Rise in German Unemployment Further Discourages Euro Investors
Currencies

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THE TAKEAWAY: German unemployment rises by 19K, despite expectations for 10K fall -> positive labor market trend was said to have been outweighed by slowdown of economic momentum -> Euro drops as weak PMI manufacturing also comes in

Gold Bars
Currencies

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Daily Bars Prepared by Jamie Saettele, CMT for DailyFX Last week’s hold above the 4/4 low suggests that gold has been forming a bullish base since mid-March. Exceeding the April high would put bulls in control towards the trendline above 1700 (that line extends off of the September 2011 and February 2012 highs).

Swiss Franc Trades Nervously on SNB
Currencies

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USDCHF – Our Speculative Sentiment Index shows that retail trading crowds remain net-long the US Dollar (ticker: USDOLLAR) against the Swiss Franc. Normally this would lead us to call for near-term losses. Yet the USDCHF remains stuck in a frustratingly narrow range, and only a break below SFr 0.9000 would signal that fresh lows are entirely likely. As it stands most are watching for clues that the Swiss National Bank

Dollar Slips after Fed Forecasts Turn Slightly More Hawkish?
Commodities

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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

Dollar: Fed Forecasts and 1Q GDP Promising Breakout Catalysts
Commodities

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Dollar: Fed Forecasts and 1Q GDP Promising Breakout Catalysts British Pound will Put Modest Hawkish Upgrade to the Growth Test Australian Dollar Traders Have a Clear Expectation for Tuesday’s CPI New Zealand Dollar Measured its Reaction to Inflation, How About the RBNZ? Euro Traders Should Watch French Election, IMF Response and Crisis Headlines Japanese Yen Not Seen as a High-Level Volatility Risk, Good Setup for the BoJ Gold May Finally