ECB releases the account of its March policy meeting – 8 April 2021
Those are the key details at first glance but despite the pushback against rising yields, it seemed like they wanted to walk a tighter line with regards to communicating that to the market. In any case, their commitment to „significantly“ step up PEPP

Yields stalling make for a thriving environment for equities
And it needed a reminder from the Fed minutes yesterday before investors became a little more decisive in trading today. S&P 500 futures are up 0.4% and Nasdaq futures are up 0.9%, while Dow futures are keeping flat on the day so far.

EUR/USD falls back towards the lows for the day at 1.1864 now
The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line).

Remarks by ECB president, Christine Lagarde, at the 43rd IMFC meeting
– Risks surrounding euro area growth outlook have become more balanced
– Headline inflation likely to increase further in the coming months
This is pretty much a rehash of the March monetary policy meeting statement and press conference. As such, there isn’t anything new here really. In

AFP reports, citing a spokesperson to the German government
Different name to the lockdown but essentially it is the same thing since November for the most part. As long as the virus situation keeps at it is, it will be tough for authorities to attempt to ease restrictions over the coming weeks.

The German government flags warning about a rise in the number of intensive care patients in recent weeks
This chart pretty much tells the story in that sense:

Remarks by Dallas Fed president, Robert Kaplan, to the Wall St Journal
Just keep in mind that Kaplan is one of the few that projected a rate hike for 2022 based on the Fed’s dot plots last month. He isn’t a voting member in this year’s FOMC (and also next year) but he will be for

Forex news from the European trading session – 6 April 2021
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities higher; E-minis down 0.2%

10-year yields off lows earlier today to keep little changed around 1.70%
The low for 10-year yields hit 1.677% earlier but have since bounced to 1.704% currently.

NZD/USD falls to a session low of 0.7011, slipping just below its 100-hour moving average
After a poor showing yesterday, the dollar has managed to reverse losses against the antipodeans with NZD/USD seen falling to a low of 0.7011 today.