Friday was a choppy but mostly uneventful session, with stocks up marginally (0.2%/0.3%) and the US$ still under some mild downside pressure, closing pretty near the levels where it started the week against most pairs. WTI settled lower but remains above 70.00 pb after posting a weekly gain as sentiment remained positive despite signs of an increase in US production as rig counts jumped for the sixth week in a row. The metals were unchanged.
The coming week will be pretty empty on Monday, ahead of Tuesday’s busier session, which includes the RBA Minutes, China Retail Sales, German/EU Preliminary Q1 GDP, UK Unemployment and Inflation Report Hearing, German/EU ZEW Economic Sentiment Survey and the US Retail Sales. Wednesday will focus on the German/ EU CPI, while Thursday will look to the Australian Unemployment figures and EU Trade Balance and then Friday,. Have a good week.
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