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BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • Fed's Harker: - No reason to withdraw support yet, recovery remains in early stages - Good reason to expect recovery in 2021 - US GDP should grow 5-6% this year - Expecting unemployment rate to continue to decline #Fed $USD
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.25% US 500: 0.11% FTSE 100: -0.07% Germany 30: -0.08% Wall Street: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/az0ACroYJd
  • Hey traders! Get your Tuesday market update on what event risks we are witnessing - Chinese trade figures, UK data & US CPI from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/cj5gu1zwKT
  • Heads Up:🇺🇸 Fed Harker Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed Daly Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed George Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • EU Commission plans to issue first Next Gen EU bonds by June. $EUR
  • $WTI Crude Oil has edged higher today, currently trading above the 60.00 level. The commodity had traded in a narrow range below the 60.00 level last week and this week's moves show an attempt at continuing above those levels. $OIL $USO https://t.co/p5Btmy02yo
  • - The 2% inflation goal should not be seen as a cap - ECB should guide on tolerance of inflation overshoot - ECB should not introduce yield curve control - Time to exit PEPP has not yet arrived
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.18% 🇯🇵JPY: 0.15% 🇦🇺AUD: 0.04% 🇨🇦CAD: 0.02% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4F59HkhNfe
Dollar and Equity Retreat Mixes with Monetary Policy Headlines

Dollar and Equity Retreat Mixes with Monetary Policy Headlines

John Kicklighter, Chief Strategist

Talking Points:

• The slide is global equities is drawing in more markets and leading more to call 'risk aversion'

• Despite the SPX retreat, USD is shunning its safe haven appeal and driving EURUSD, GBPUSD to resistance

• The RBNZ has already rocked the FX market, ahead we still have the SNB decision and ECB's T-LTRO

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

US equities suffered their biggest daily collapse since the height of the October panic. Is this the confirmation of a market that has dove head first into trend and volume-feeding risk aversion? While we are moving closer to hitting that terminal velocity, the critical steps are still ahead of us. And, the year-end liquidity drain as well as a speculative rank that has repeatedly taken advantage of short-term bouts of uncertainty will work strongly against the systemic shift. Meanwhile, monetary policy is retaking the headlines. The RBNZ caught the market off-guard with a more hawkish tone than was expected, sending the Kiwi rallying through the morning. Will the SNB rate decision and ECB's Targeted-LTRO allotment generate the same level of activity? We discuss the market's drivers and themes in today's Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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