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Wednesday May 1, 2013 - 20:24:49 GMT
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No Fed surprise. ADP jobs soft. ECB rate cut Thursday?
No Fed surprise. ADP jobs soft. ECB rate cut Thursday?
2 May 2013 00:00 gmt
CALENDAR- Far East: JP- BOJ Minutes, CN- HSBC final PMI. Europe: EZ/CH/DE/FR- Mfg PMIs, ECB Rates North America: CA- Trade, US- Trade, Productivity, Weekly Jobless, Natural Gas
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- HIGH IMPACT ITEMS: CN- HSBC PMI, EZ- Mfg PMI, ECB, US- Trade, Weekly Jobs
- The FOMC decision Wednesday was cautious to neutral as expected. They explicitly left the door open to an increase or decrease in bond purchases depending on economic data. Bottom-line future policy decisions are data dependent.
- U.S. data released over the day were mostly weaker than expected.
- U.K. April Manufacturing PMI at 49.8 was virtually at the "50" expansion level. It suggests a steady policy from the BOE next Thursday. .
- The ECB decision Thursday is key. On Wednesday an unnamed ECB official appeared to signal a rate cut is in store.This would have little impact on the economy but send a support message. There is a lot of room for a disappointment if there is no ECB action.
- Japanese Golden Week holidays continue off and on all week..
20d avg
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10-yr
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Equities
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EURUSD 1.3060
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JGB 0.59% -2bp
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Asia:Mixed
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USDJPY 98.45
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Bund 1.22% +2bp
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Europe Higher
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EURJPY 128.59
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U.S.1.64% -3bp
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U.S.:Lower
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FX Trade Talk: What's moving markets-- Commentary, data. and data charts posted continuously on FOREX FORUM
 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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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
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A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan
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