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Core component of FED’s preferred inflation measure, PCE, for the month of March came in at 1.6% y/y vs 1.7% y/y as expected.
Japan will be on a 10-day holiday which will lower liquidity in Asian session, thereby increasing chances of sudden volatile market movements, in addition most European markets will be closed on Wednesday due to Labour Day.
Please note that Monday 22 is Easter Monday, due to the holiday liquidity will be thin and volatile moves are possible.
Please note that Friday 19 is Good Friday, due to the holiday liquidity will be thin and volatile moves are possible.
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February retail sales came in at -0.2% m/m vs 0.3% m/m as expected. Ex autos category came in at -0.4% m/m vs 0.3% m/m as expected.
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The US yield curve is inverted and according to the past evidence it points to a recession.
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FED has left the interest rate unchanged as expected.
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Advanced retail sales form the month of January came in 0.2% m/m vs 0% as expected. Ex auto category came in at 0.9% m/m vs 0.3% m/m as expected and control group, which has influence on inflation, came in at 1.1% m/m vs 0.6% m/m as expected.
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ISM Non-Manufacturing index came in at 59.7 vs 57.4 as expected with prior reading showing 56.7.
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Over the weekend President Trump has opted to postpone a tariff hike on Chinese imports stating that positive progress has been made in on-going negotiations.