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Europe Restarts it’s Vaccine Rollout

After the Eurozone came across multiple hurdles in their vaccination rollout, including delayed deliveries and concerning side effects, the EU can now resume its rollout of the Johnson & Johnson vaccine. The European Union’s drug regulator found that the positives of the vaccine outweigh any side effects that it could incur. The J&J vaccine must […]

Australian Retail Sales Show Positive Data Results for March

As increasing house prices boost consumer confidence and the reopening of state borders across the country encourages more families to spend on travel, Aussie Retail Sales exceeded forecasts in March. Sales increased 1.4% in March from the previous month, outdoing the 1% consensus.  In recent months, household consumption has seen a significant increase supported by […]

GBP Economic Data Mostly Positive

GBP Consumer Price Index (MoM)(Mar) 0.3% actual, 0.3% consensus GBP Retail Price Index (YoY)(Mar) 1.5% actual, 1.6% consensus GBP PPI Core Output (YoY) n.s.a (Mar) 1.7% actual, 1.3% consensus GBP Consumer Price Index (YoY)(Mar) 0.7% actual, 0.8% consensus GBP Core Consumer Price Index (YoY)(Mar) 1.1% actual, 1.1% consensus GBP Producer Price Index – Input (MoM) […]

Despite Criticisms, Fed Powell Sees No Concern Over US Inflation Rates

As the US Economy strengthens and supply constraints increase prices in some sectors, the economy may see some short-term inflation. However, Federal Reserve Fed Chair Jerome Powell, assured that the Federal Reserve is devoted to maintaining overshoot within its limits. Powell also said that the Fed is not seeking inflation that exceeds 2% nor do […]

AUD Economic Data Positive

AUD Westpac Leading Index (MoM)(Mar) 0.38% actual AUD Retail Sales s.a. (MoM)(Mar) 1.4% actual, 1% consensus

NZD Finds Fibo Support Level

NZDUSD has found intraday support, at the 61.8% fibonacci level. This follows the positive NZD Consumer Price Index data today, giving the Kiwi some strength. The trendline resistance lies just above market price.

Ex-RBNZ Chief Economist – NZ Doesn’t Need As Much QE As Thought Previously

The former Reserve Bank of New Zealand (RBNZ) Chief Economist, Sharon Zollner, was interviewed by MNI and stated that New Zealand does not need as much fiscal or monetary support as was previously thought.    She mentioned that lower-than-expected government borrowing and New Zealand’s economic recovery means that the RBNZ is not likely to reach […]

USDCHF Continues To Fall Despite T-Note Yield Rise

So far this week USDCHF has been depreciating, despite the 10 year note yield rising last week to a yield of 1.68%. This is typically a USD bullish measure, however with the economic impacts of the pandemic and updates around the vaccine triggering market moves, traditional economic indicators have had muted impacts on the market. […]

JPY Economic Data Mixed

JPY Industrial Production (YoY)(Feb) -2% actual, -2.6% consensus JPY Industrial Production (MoM)(Feb) -1.3% actual, -2.1% consensus JPY Capacity Utilisation (Feb) -2.8% actual, 3.2% consensus

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