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.

US President Joe Biden will attend the G7 meeting in June in the UK. 
Its the China issue that is likely to be a focus come Monday FX markets. I don’t think it’ll have too much of an impact but we might get an early risk-off wobble on this. 

Published by the Reserve Bank of Australia during the week, an interesting read for the weekend:
Huh, I wonder if central banks think they are getting much information that is not available to private-sector analysts out there? Gonna have to say I doubt it. Still, that’s the premise that is examined in the paper. The spoiler

Forex news for North American trading on April 23, 2021
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The USD is ending the day as the weakest of the major currencies. The EUR was the strongest  followed by the AUD.  The green back seemed to have benefitted from rising stocks which pushed funds out of the „relative safety of the USD“ (or that is

Some late day profit-taking takes the S&P index back below the all-time high close
A look at the final numbers shows:

Weekly forex futures positioning data for the CFTC for the week ending April 20, 2021
– EUR long 81K vs 67K long last week. Longs increased by at 14 K
– GBP long 25K vs 26K long last week. Longs decrease by 1K