18 Apr: Markets steady ahead of Easter. Australian jobs numbers ahead. UK/US Retail Sales later.

By | April 18, 2019

 

The US$ and stock markets are pretty much unchanged at the end of Wednesday trade, with interest diminishing rapidly ahead of the Easter break. Yields are a little higher, underpinned by the solid data coming from China yesterday, which improved sentiment as to the outlook for near term global growth, while the metals are steady and WTI is about 0.9% lower as traders took profit ahead of the break.

All up, a fairly nondescript session, and in terms of data, the UK CPI was unchanged at 1.9% yy, below expectation of 2.0% yy, while the Eurozone CPI was finalised at 1.4% yy in March, down from 1.5% yy in February.

Looking ahead, the Easter shortened week winds up on Thursday with the Australian March Unemployment figures (exp 5.0%, +12K, PR; 65.7%), the German PPI(exp 0.2%mm, 2.9%yy), the EU Flash PMIs, UK Retail Sales (exp -0.2%mm, +4.6%yy) and finally the US Retail Sales(exp 0.7%mm,  Ex-Autos; +0.4%mm). Also from the US, the Philadelphia Fed Mfg Survey (exp 10.3) and the Business Inventories (exp 0.3%mm) are due. Have a good Easter.

Economic data highlights will include:

Thur: Australian Unemployment, German PPI, EU Flash PMIs, UK Retail Sales, US Retail Sales, Jobless Claims, Philadelphia Fed Mfg Survey, Business Inventories

Market moves, in brief:

FX: DXY 97.01 (-0.04%)

Bonds: US10Y; 2.594% (+0.02%), German 10Y; 0.08% (+23%), UK 10Y; 1.23% (1.32%), Australian 10Y; 1.965% (1.06%), NZ 10Y; 1.98% (-2.22 %), China 10Y; 3.399% (+0.53%)

Stock Indices: DJI; -0.01%, S+P; -0.23%, NASDAQ; +0.34%, EUStoxx50; +0.59%, FTSE100; 0.02%, Shanghai Composite; +0.29%,

Metals: Gold $1274 oz (-0.21%), Silver $14.98 oz (-0.21%), Copper $2.962 lb (+0.97%), Iron Ore $92.96 per tonne (-0.51%),

Oil: WTI $63.72 pb (-0.89%)

CURRENCIES
EURUSD: 1.1299
Res  1.1310  1.1330  1.1350
Sup  1.1280  1.1250  1.1230
USDJPY: 112.03
Res  112.15  112.40  112.65
Sup  111.80  111.50  111.20
GBPUSD: 1.3038
Res  1.3090  1.3135  1.3175
Sup  1.3005  1.2960  1.2895
USDCHF: 1.0109
Res  1.0125  1.0150  1.0180
Sup  1.0090  1.0065  1.0045
AUDUSD: 0.7175
Res  0.7190  0.7205  0.7230
Sup  0.7155  0.7135  0.7115
NZDUSD: 0.6726
Res  0.6735  0.6755  0.6775
Sup  0.6700  0.6685  0.6665
INDICES / COMMODITIES
S&P.fs: 2899.80
Res  2910.00  2920.00  2930.00
Sup  2895.00  2885.00  2875.00
DJ30.fs: 26428.50
Res  26550.00  26635.00  26735.00
Sup  26375.00  26300.00  26215.00
SPI200.fs: 6247
Res  6265  6285  6300
Sup  6235  6220  6205
XAUUSD: 1274.38
Res  1280.00  1285.00  1290.00
Sup  1270.00  1265.00  1260.00
XAGUSD: 14.98
Res  15.05  15.15  15.25
Sup  14.90  14.80  14.70
WTI.fs: 63.72
Res  64.80  64.20  65.50
Sup  63.50  63.00  62.40