Blueprint FX Desk
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Market focus today
USD Personal Income & Spending
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Medium Volatility for USD pairs
News Roundup
No immediate relief for Greek government Negotiations in Athens continued over the weekend haggling, in this case with creditors over economic reforms, but there appeared to be little success. Creditor nations are demanding Greece implements reforms in order to access EUR7.2bn in undisbursed bailout funds but Athens is resisting at what it calls “recessionary measures” like cutting pensions or relaxing labour laws. The money is due to run our April 20th…
UK election campaigning David Cameron will travel to Buckingham Palace today to notify the Queen of the dissolution of parliament, officially starting the 2015 election campaign. Paul Mason argues that the coming election will be dominated by geopolitical divides– “Scandi-Scotland, the asset-rich southeast and rump-post-industrial Britain”.
Iranian officials took nuclear talks to the wire, raising a further obstacle by saying that they are no longer willing to ship their atomic fuel out of the country – a critical element of a proposed deal and one with which Iran had previously indicated it had agreed to.
TENSIONS are also rising elsewhere in the Middle East, as Arab leaders drew up plans for a joint military force, underlining Middle Eastern Sunni nations’ determination to challenge Iran’s expanding influence in the region. However, immediate tensions in the Yemen seemed to have receded, at least for the time being.
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Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.