Forex news from the European trading session – 27 April 2021
Headlines:
Markets:
– GBP leads, AUD lags on the day
– European equities lower; S&P 500 futures up 0.1%

The vaccine progress in the UK continues to keep optimism flowing
The vaccine rollout continues to allow for the economic reopening, with cases in the UK continuing to ease since peaking in early January. The headline reaffirms that the UK is staying well ahead of the rest of the pack among the major developed nations.

According to the French health ministry
While that figure is progressing and way better than in February to March, there is still much to try and improve on in order to meet any summer reopening timeline.

Latest data released by CBI – 27 April 2021
That said, CBI notes that many retail stores are still struggling despite the reopening:

AUD/USD falls to a low of 0.7766 on the day
After a relatively solid start to the week yesterday, the aussie and kiwi are notable laggards today with AUD/USD now falling by 0.4% to 0.7766 in European trading.

Forex news from the European trading session – 26 April 2021
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities mixed; S&P 500 futures down 0.1%

Sanofi says it would  help to supply up 200 million doses of Moderna vaccine at its Ridgefield facility in New Jersey
This is Sanofi’s third such deal, which will see them fill and pack millions of Moderna vaccine doses from September to help meet demand for the latter. In January, Sanofi made a similar deal with

OPEC still weighing impact on lockdowns on the oil market
Oil market/OPEC journalist, Amena Bakr, tweets on the matter as the OPEC joint technical committee meeting gets underway currently before the ministerial meeting takes place later in the week on Wednesday. Just some food for thought for now.

Reuters reports, citing sources familiar with the matter
– Expects GDP growth of 3.6% in 2022
– German government believes that better-than-expected growth dynamics in Q4 justify the upward revisions
The thing to note about the economic optimism here is that it has been knocked back from Q2 to Q3 and now Q4. Yes, it will eventually come

A steady session as major currencies hold the moves since Asia trading
The aussie is leading gains as AUD/USD hovers around 0.7780 levels, looking towards resistance closer to 0.7800 but besides that, most major currencies aren’t doing a whole lot so far in European morning trade.