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A world of Trading assets

2021/04/19 Market Chat

Authored by ZanderVanDerMerwe
2 min

We closed off last week on a positive note as US indices all closed on a positive for the week as Nasdaq, S&P and Dow all closed the week on new all time highs.

Market positivity ran rampant on Friday as the Dax broke to make new all time highs closing out the day and week on 15 505, FTSE similarly rallied well to close the day on 1719 recovering well from its weekly low of 6853.

Gold and Silver both rallied well to close out the week on a positive note as both closed out the day on 1776 and 26.94 respectively. Brent consolidated on Friday struggling to break through the $67 mark as it closed out the day on $66.34.

Bitcoin sold off aggressively over the weekend to open up this morning on 56 172, following speculation that the US Treasury may be looking to crack down on money-laundering activity within digital assets.

There was a lot of GBP, AUD, NZD and JPY strength in the market pre-European opan as we saw the currencies strengthen, there was also more USD and CHF weakness that came into the market. There is also some CAD strength to take caution to prior to the monetary policy statements set to be released on Wednesday.

The economic calendar starts off very quiet this week with no major data being released until the latter part of this week as Canada and Europe is set to release monetary policy statements, a plethora of PMI data is also expected to be released out of Europe and North America.

Wednesday (SAST)
12:45am - CPI q/q (NZD)
8:00am - CPI y/y (GBP)
12:30pm - BOE Gov Bailey Speaks (GBP)
2:30pm - CPI m/m (CAD)
4:00pm - BOC Monetary Policy Report (CAD)
4:00pm - BOC Rate Statement (CAD)
4:30pm - Crude Oil Inventories (USD)
5:00pm - POC Press Conference (CAD)

Thursday (SAST)
1:45pm - Monetary Policy Statement (EUR)
2:30pm - ECB Press Conference (EUR)
2:30pm - Unemployment Claims (USD)

Friday (SAST)
9:15am - French Flash PMI (EUR)
9:30am - German Flash PMI (EUR)
10:30 - Flash PMI (GBP)
3:45 - Flash Manufacturing PMI (USD)

Authored by ZanderVanDerMerwe
2 min
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