Focus on the FOMC. Their
decision should be cautious
Wednesday deferring any trimming of Quantitative Ease (QE).
UK 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. So far the Draghi has not tipped his hand.. Professional
forecasters seem to expect a psychological -25bp cut in the
0.75% refi rate. This would have little impact on the economy but
send a support message.Look out. there is a lot of room for a
disappointment (no ECB action)..
Today is the May Day holiday in
many countries. Japanese Golden Week
holidays continue off and on all week..
20d
avg
10-yr
Equities
EURUSD
1.3043
JGB
0.59% -2bp
Asia:Mixed
USDJPY
98.23
Bund
1.22% +2bp
Europe
Higher
EURJPY
128.13
U.S.1.67%
0bp
U.S.:Higher
Actionable trading levels delivered LIVE to YOUR charts
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 Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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