5 Things to Know

Last update at 07:55 GMT
  • EUR/USD is sticking to 1.1300 as markets remain calm.
  • After Fed officials sent mixed messages, second-tier data awaits.
  • The technical picture is quite bullish for the pair.

  • AUD has shed 15 pips following the release of the minutes of the RBA's April meeting.
  • The marked slowdown in the Aussie GDP contradicts the sustained labor market strength, according to the RBA minutes.
  • The board expects inflation to remain muted for some time.
  • NZD/USD slides as RBNZ Governor Adrian Orr repeats the bearish bias.
  • A more dovish BoC policy outlook continues to weigh on CAD.
  • Calm mood doesn't help in the face of dovish central banks.

  • China's first quarter GDP expected to be the lowest of the capitalist era.
  • Annual and quarterly growth predicted to slip despite government support.
  • The Chinese National Bureau of Statistics will release first quarter gross national product at 2:00 am GMT, April 17th.
  • Gold is currently on the defensive below the 100-day moving average at $1,288 and could soon drop to the descending triangle support of $1,282.
  • A close below $1,282 would confirm triangle breakdown or bullish-to-bearish trend change and expose the support of the trendline connecting August and November lows, currently at $1,261.

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