Trading plan and global macro overview for 19/04/2017:
The US debt yields have reached the lowest level since the start of Trump’s presidency. It can not be surprising that the US Dollar is still weak, although today it rebounded slightly against the other G-10 currencies. EUR/USD at 1.0720 supports investors’ peace of mind about the outcome of the French presidential election. USD/JPY remains below 109.00. The weakest of the main currencies is again the Australian Dollar. On Wall Street a modest discount, but there is over 1% decrease on Shanghai Composite. Prices of WTI oil barrel are sliding towards $52 and Gold ounce is priced at $1,285.
On Wednesday 19th of April, the event calendar is very light in important economic data. Nevertheless, global investors will keep an eye on Consumer Price Index and Trade Balance data from the Eurozone and Crude Oil Inventories and Beige Book data from the US.