Morning Call Script - 20 May 2024
Morning Call Script - 20 May 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Quiet start to potentially a very quiet week for currencies and bonds as the week ahead data calendar is light on top-tier event risk.
Nikkei 39025, CSI 3688, Crude $80, Brent $84, Gold $2438, XBT 67k, EUR 1.0880, GBP 1.2705, AUD 0.6705, JPY 155.75, CNH 7.2370, 10s at 4.41%.
Commodities did see some notable moves. Copper and gold broke higher to ATH whilst silver broke the pivotal $30. Finally Oil hasn’t reacted to the news that the helicopter carrying the Iranian President is missing following a crash.
China left its Loan Prime rates for both 1Y and 5Y unchanged at 3.45% and 3.95% respectfully.
In other mkt news over the weekend
For greater details on the overnight news stories, current macro themes, and a comprehensive look at the week ahead, look out for today’s edition of The Morning Hark. Landing in the inbox of PRO subscribers around 7.15GMT (2.15 EST).
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Have a great day, and keep smiling!
Podcast for the Commute
The Macro Trading Floor - How To Trade Macro Now?
The Day Ahead
BoE's Broadbent (10:00)
Fed's Bostic (13:45), Barr (14:00), Waller (14:00) and Jefferson (15:30)
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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