ECB’s Schnabel says they are right to continue with policy normalisation, Pakistan heads for elections.
April 4, 2022
GBP/USD 1.3136 GBP/EUR 1.1900 EUR/USD 1.1040 USD/CAD 1.2489 EUR/CHF 1.0209 EUR/SEK 10.3469 EUR/NOK 9.6655 EUR/DKK 7.4381 USD/ILS 3.2137 AUD/USD 0.7516 NZD/USD 0.6936 USD/SGD 1.3568 USD/JPY 122.61 USD/CNH 6.3723 USD/INR 75.4750 EUR/ILS 3.5478 GBP/ILS 4.2215 USD/ZAR 14.6122
The FCA and BoE will evaluate governance and risk management of the LME after weeks of turmoil which paralyzed the nickel market.
Long-delays have returned to Dover; however, Brexit hasn’t been the leading cause. The long waiting times are due to adverse weather and increased traffic.
GBPUSD trades up 0.16% and EURGBP trades down -0.21% in a morning of early strength for the pound.EUR
The ECB’s Schnabel said, the ECB is right to continue with plans to normalise policy, stating that some inflationary pressures may prove to be persistent due to structural economic changes.
Hungarian PM Viktor Orban scored a crushing election victory to win his fourth consecutive term.
EURUSD trades down -0.1%.USD
Some believe US intervention in the oil market have led oil prices to fall to prices that do not reflect the supply risk from geopolitical tension.
US Attorney General Garland will decide on prosecutions of the Jan 6th Riots.
US markets closed higher marginally on Friday. Both the NASDAQ and S&P saw 0.3% gains. The DXY trades flat to start the day.ASIA/PACIFIC
Beijing took a major step towards resolving the dispute over audit supervision of Chinese firms listed on US exchanges. China modified law allowing foreign regulators to inspect on sight.
Pakistan PM Imran Khan has been accused of illegal actions in his attempt to avoid defeat in a no-confidence vote. Pakistan is now looking towards a divisive general election.
Sri Lanka’s cabinet has offered its mass resignation following street protests over soaring living costs.ILS
USDILS has jumped higher by 0.41% intraday, in what seems to be a reversal on the downward trend of previous weeks. The USDILS has finished higher on the last three consecutive trading days, now trading around 3.217 as we print.Data & Events
DE – Feb. Trade Balance
BoE Bailey and Cunliffe speaks
US- Feb. Factory Orders
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