USDJPY 109.301 | EURUSD 1.21034 | AUDUSD 0.75531 | NZDUSD 0.7067 | USDCAD 1.28726 | USDCHF 0.98918 | GBPUSD 1.39137 |
LMAX Highs and Lows 5am GMT
High | Low
EURUSD 1.21165 | 1.20966
USDJPY 109.354 | 109.148
GBPUSD 1.39350 | 1.39115
USDCHF 0.98972 | 0.9888
AUDUSD 0.75592 | 0.75386
USDCAD 1.28828 | 1.28666
NZDUSD 0.70713 | 0.70511
EURCHF 1.19818 | 1.19715
EURGBP 0.87013 | 0.86933
EURJPY 132.395 | 132.16
- EUR: As with yesterday the market moved slowly higher from the 1.2105 level to test the dizzy heights of 1.2115 with only one minor dip through the 1.2100 level mid-way through the session, Years lows and downside bids into the current lows with weak stops likely through the 1.2080 areas and opening the market to limited congestion through to the 1.2000 and a likely strong sentimental level, possible option plays around the level and then limited support into the 2017 ranges, topside offers light through to the 1.2200 level with some increasing offers but only once through will the market start to see stronger congestion through to the 1.2250 areas and increasing offers from there into 1.2300.
- GBP: Cable opened around the 1.3915 areas and did nothing for the bulk of the session before rising in midsession to test to the 1.3935 level and drifting from that point and into the grey hour, Cable remains bid into the 1.3900 level with some congestion through the level and limited stops until the market pushes through the 1.3830 supportive level with stronger stops likely through the level, topside offers light through to the 1.4000 level with some limited offers in the area before the market opens up to the 1.4050 level with a mixture of interest and stronger offers from there into the 1.4100 area.
- JPY: A quiet range with the market again testing from the opening around the 109.30 levels towards the 109.15 areas before holding quietly through to London on those lows. No surprise for the rate decision with a dip in retail sales countering the Industrial production number. Topside offers remain into the 109.60 level with weak stops likely on a move through the level before stronger offers then appear on any test to the 110.00 levels, a break here will likely target the 110.60 levels quickly before running into stronger offers and the topside limited by the end of week volumes. Downside bids seem to be through the 109.00 level for the moment with weak stops on a move through the 108.80 areas opening the market to a deeper move, however, this again is all dependent on the buyer the market has seen over the past week.
- AUD: Rising slightly in early trading from the opening the market drifted into midsession in Tokyo making the lows just below the 0.7540 level before returning to above the 0.7550 level for the move into London. Downside bids into the current levels with continuing congestion through to the stronger 75 cent areas, , topside offers light through the 76 cent level with possible weak stops on a break there and the market seeing congestion on a move through to the 0.7650 areas.
Meeting between both leaders starts
China’s March industrial profits up 3.1%
Japan factory output up in March as jobless rate stays flat
Trump admits Cohen represented him in crazy stormy Daniels deal
US needs EU concessions to extend steel, aluminium tariff exemptions – Trump aide
Deutsche Bank calls time on Wall Street in retreat to Europe
Actual = A | Consensus = C | Previous = P | Revised = R All timings GMT
JPY BoJ Rate Decision A -0.10% | C -0.10% | P -0.10%
NZD Trade Balance Mar A -86M | C 200M | P 217M | R 172M
GBP GfK Consumer Confidence Apr A -9 | C -7 | P -7
JPY Jobless Rate Mar A 2.50% | C 2.50% | P 2.50%
JPY Tokyo CPI Core Y/Y Apr A 0.60% | C 0.80% | P 0.80%
JPY Retail Trade Y/Y Mar A 1.00% | C 1.50% | P 1.60% | R 1.70%
JPY Industrial Production M/M Mar (P) A 1.20% | C 0.50% | P 2.00%
AUD PPI Q/Q Q1 A 0.50% | C 0.40% | P 0.60%
AUD PPI Y/Y Q1 A 1.70% | C 1.20% | P 1.70%
JPY Housing Starts Y/Y Mar A | C -4.80% | P -2.60%
05:30 EUR French GDP Q/Q Q1 (A) C 0.40% | P 0.70%
06:00 EUR German Import Price Index M/M Mar C 0.10% | P -0.60%
07:55 EUR German Unemployment Change Apr C -15K | P -19K
07:55 EUR German Unemployment Claims Rate Apr C 5.30% | P 5.30%
08:30 GBP Index of Services 3M/3M Feb C 0.60% | P 0.60%
08:30 GBP GDP Q/Q Q1 (A) C 0.30% | P 0.40%
09:00 EUR Eurozone Economic Confidence Apr C 112 | P 112.6
09:00 EUR Eurozone Business Climate Indicator Apr C 1.28 | P 1.34
09:00 EUR Eurozone Industrial Confidence Apr C 5.8 | P 6.4
09:00 EUR Eurozone Services Confidence Apr C 15.9 | P 16.3
09:00 EUR Eurozone Consumer Confidence Apr (F) C 0.4 | P 0.4
12:30 USD GDP Annualized Q/Q Q1 (A) C 2.00% | P 2.90%
12:30 USD GDP Price Index Q1 (A) C 2.20% | P 2.30%
12:30 USD Employment Cost Index Q1 C 0.70% | P 0.60%
14:00 USD U. of Mich. Sentiment Apr (F) C 98 | P 97.8
- EUR: A quiet session through the Asian session with the market slowly rising through to the London session moving off the opening 1.2160 to push slightly above the 1.2180 level and into London, a little more movement through the London session but centring around the 1.2180 level with minor dips to the opening level, before recovering and holding to the rate decision, no change saw the market dip a little but the market hardly reacted to the noise but the US numbers saw some better results and the USD initially losing ground and then dropping quickly back to push the Euro slightly through the 1.2100 level as hedge funds were blamed for increasing Euro shorts, the market bounced off the level but the push higher was short and with the loss of the London market the Euro returned to the 1.2100 areas pushing through a little before holding to the close just above.
- GBP: Asia saw the market pushing towards the 1.3950 levels over the course of the session and then held into the London session before dropping to the 1.3900 levels to test the level, the market failed the level and the release of loans and CBI report saw the market rallying away from the lows with weak stops on a push through the 1.3950 level and quickly tested the 1.3970 areas and then after a brief pause into the NYK session rallied again to the 1.4000 levels, stronger US numbers filtered through the market but Cable belatedly fell back having rejected that level, the drop was quicker and through towards the lows of the day before chopping around a little and drifting to the close.
- JPY: A very limited day for the USDJPY with the market opening around the 109.35 level and the Asian market was more or less pinned in the 109.30-45 level through too deep into the London session before dipping a little through to the 109.10 levels and recovering on the US numbers to the opening levels, with the market ending just off the opening levels in an uneventful day.
- AUD: If you thought USDJPY was quiet then the Oz was comatose, opening around the 0.7565 levels the market centred around that level through to the London session, even London selling failed to push it below the 0.7560 areas and the market slowly rose through to the NYK session testing to its highs just below the 0.7590 area before the US numbers saw the market testing back to the 0.7560 levels and finally pushing through to test the 0.7550 level but holding for the most part through to the close just off the lows.
Yesterday’s premiership results
AUD Import price index Q/Q Q1 A 2.10% | C 1.20% | P 2.00%
EUR German GfK Consumer Confidence May A 10.8 | C 10.8 | P 10.9
GBP BBA Loans for House Purchase Mar A 37.6K | C 37.1K | P 38.1K | R 38.0K
GBP CBI Reported Sales Apr A -2 | C -2 | P -8
EUR ECB Rate Decision A 0.00% | C 0.00% | P 0.00%
EUR ECB Press Conference
USD Initial Jobless Claims (APR 21) A 209K | C 230K | P 232K | R 233K
USD Advance Goods Trade Balance Mar A -68.0B | C -74.8B | P -75.9B
USD Wholesale Inventories M/M Mar (P) A 0.50% | C 0.60% | P 1.00%
USD Durable Goods Orders Mar (P) A 2.60% | C 1.40% | P 3.00% | R 3.00%
USD Durables Ex Transportation Mar (P) A 0.00% | C 0.40% | P 1.00% | R 1.00%
USD Natural Gas Storage A -18B | C -11B | P -36B
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