Forex news from the European trading session – 30 April 2021
Headlines:
Markets:
– USD and CAD lead, EUR lags on the day
– European equities mostly lower; S&P 500 futures down 0.5%

US futures point to a relatively subdued open later
Higher yields weigh on US stocks midway through the session yesterday but futures are pointing to a modest pullback to the yesterday’s gains at the moment, even as Treasury yields are keeping largely steadier for now.

France prepares to get the vaccine out to the majority population before the summer comes about
As of 27 April, France is seeing roughly 14.6 million (21.8%) of its population receiving at least one dose of the vaccine with 5.9 million (8.8%) of its population being fully vaccinated. While things are progressing in recent weeks, there

Remarks by SNB chief, Thomas Jordan
– Negative rates, readiness to intervene in FX markets are essential
– Current monetary policy stance is necessary
– Swiss franc has weakened but remains highly valued
The same old, same old from Jordan. When all is said and done, expect SNB monetary policy to stay as it is with little incentive really

Deutsche Bank says May is too early for the BOE to talk about tapering
The firm says that any BOE tapering talk in May will be a close call but their view is that policymakers are likely to wait until June before starting the tapering process.

Latest data released by Destatis – 29 April 2021
here

de Blasio says New York is „ready to come back, and come back strong“
There is still a few months to go and with timelines like these, it is definitely a play-by-ear situation so we’ll see how things go in the coming weeks when they plan to ease some restrictions ahead of the big reopening later

Forex news from the European trading session – 29 April 2021
Headlines:
Markets:
– CHF leads, JPY lags on the day
– European equities mostly higher; S&P 500 futures up 0.7%

US stocks look poised to bounce back
So far, there aren’t any jitters from the push higher in Treasury yields as US futures are pointing to solid gains ahead of North American trading today.

CAD/JPY jumps up to 88.50-60 levels, its highest since October 2018
The highs at the time are seen @ 89.17-22 and that will be the next key critical resistance point but in the big picture, there is much to like with the pair fundamentally.