Forex news for North American trade on April 30, 2021:
Markets:
The US dollar was strong particularly against the euro, sterling and antipodeans. Consider this a bit of a ‚choose your own adventure‘. If you want a fundamental underpinning, there was a definite pickup in risk aversion immediately after a study showing that one vaccine dose isn’t

Closing changes for the main North American bourses

On the week:
On the month:
What bothers me at the moment is that there is a double doji star on the weekly chart after a long, one-way rally. That’s setting up a big

Weekly forex futures positioning data from the CFTC for the week ending April 27, 2021:
– EUR long 81K vs 81K long last week. No change
– GBP long 29K vs 25K long last week. Longs increase by 4K
The Canadian loon mates for life but the currency market has been slow to fall in love with loonie.

This trade has been at the top of the charts all year
The failure of the Canadian dollar to launch immediately after the Bank of Canada decision last week was puzzling but the market got the memo (telegram?) this week.

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