Elections in India and Indonesia, alongside key economic data from China are likely to be the key events for Asia this week.
India's general election kicks off Monday and a parliamentary election in Indonesia is slated for Wednesday, while China is expected to release March trade data on Thursday and inflation data Friday.
Emerging markets are starting to regain favor following a violent sell-off last year amid jitters about an unwinding in U.S. monetary stimulus. Data from Thomson Reuters' Lipper service showed on Thursday that emerging market stock funds saw an inflow of $2.7 billion, the biggest since January last year.
An election in India, the world's biggest democracy, will take place over the course of a month to accommodate the country's 814.5 million eligible voters -- a figure that exceeds the entire population of Europe.
Recommended Content
Editors’ Picks
EUR/USD drops below 1.0800 after German Retail Sales data
EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus.
GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
Gold price bulls keenly await US PCE Price Index on Friday before placing fresh bets
Gold price (XAU/USD) continues with its struggle to make it through the $2,200 mark on Thursday and oscillates in a narrow trading band through the early part of the European session.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
The other terminal rate: How far will policy rates be cut?
Recent communication by the Federal Reserve and the ECB has made it clear that the first cut in official interest rates is coming. Both central banks are saying the same but the ECB communication is more opaque than that of the Fed.