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Tuesday April 2, 2013 - 09:25:32 GMT
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Initial round of PMI reports generally disappointing. RBA policy steady, but easing bias
|Initial round of PMI reports generally disappointing. RBA policy steady, but easing bias|
2 April 2013 10:00 gmt
CALENDAR- North America: US- Factory Orders, API.
- HIGH IMPACT ITEMS: US.- Factory Orders.
- After a quasi holiday on Monday, markets finally are all back open following the Easter break.
- A slew of PMI reports have been released today. It appears generally that global economic activity has been showing sings of a slowdown. U.K. Manufacturing PMI improved from the previous month, but fell short of expectations.
- The Reserve Bank of Australia kept policy steady today, as expected. The central bank kept the door open to a future policy easing. Nevertheless, the AUDUSD is firmer.
- This week sees a full economic calendar.It is also an especially active period for central bank meetings.
||JGB 0.57% +2bp
||Bund 129% 0bp
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John M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service.. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
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