Morning Call Script - 17 Apr 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• JPow - Fed can wait "as long as needed" before cutting rates.

  • WSJ - Fed Chair Jerome Powell Dials Back Expectations on Interest-Rate Cuts

  • Bloomberg - Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws

• Barkin - CPI has not been supportive of soft landing

• Macklem - March CPI shows economy moving in right direction

• Bailey - sees evidence of falling inflation

• Is Mr Price telling us something? Calmer markets overnight as USD strength consolidates despite Powell's comments and oil slides lower as mkt awaits Israel's response - are we due for a correction in USD strength?

• Nikkei 38200, CSI 3535, Crude $84.80, Brent $89.40, Gold $2380, XBT 64.2k, EUR 1.0620, JPY 154.65, GBP 1.2420, AUD 0.6405, CNH 7.2600, 10s at 4.66%

  • Bloomberg - CNY/USD: China’s Yuan to Test Key 7.3 Level After Fixing Surprise

  • ING - The Commodities Feed: Oil remains in limbo

Watch out for Read on the Trading Floor, landing in the inbox of PRO subscribers around 17.30GMT (12.30EST).

This piece will focus on the key market narratives trending on Harkster.com. What users of our platform are consuming, what themes are top of mind and the key risk events they're researching. It will also document the top 10 links and podcasts consumed by our users over the previous day.

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Have a great day, and keep smiling!

Podcast for the Commute

• The Rest Is Politics - Iran, Israel, and the Middle East: Stopping the slide into all-out war

The Day Ahead

• GBP (07:00): Inflation Rate

• ZAR (09:00): Inflation Rate

• EUR (10:00): Inflation Rate

• ECB Speak - Cipollone (10:00) and Schnabel (16:45)

• BoE Speak - Bailey (17:00) and Haskel (19:00)

• USD (18:00): 20y Auction 

• USD (19:00): Fed Beige Book

• Fed Speak - Mester (22:

Stay informed throughout the day with our new commentary channel (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines. 

Available on the HarksterPRO Research Platform.

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The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.