Morning Call Script - 29 Apr 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Wellington open + local holiday = prime conditions for a nervous USDJPY market to trigger 160.00 in thin conditions. Having printed through, we're now back to 156.25 and around Friday's closing levels. The erratic moves that we've seen since the BoJ meeting on Friday, with big figures changing within minutes, will bring us a step closer to authorities intervening.
Musk visits Premier Qiang, as Tesla look to build alliances for their self driving cars
Oil futures are softer as Blinken has led a US push to secure hostage releases and/or taken us a step closer to a ceasefire
Markets overnight.... Crude $83.15, Brent $ 88.70, Gold $2330, XBT 62k, EUR 1.0728, JPY 156.25, GBP 1.2540, AUD 0.6570, CNH 7.2567, 10s at 4.65%.
The European session will be focused on the German regional inflation figures for April whilst the US docket is light until Yellen's QRA announcement.
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 Day Ahead
EUR (09:00): MoM CPI for Baden Wuerttemberg, Bavaria, Brandenburg etc
EUR (10:00): ECB Consumer Inflation Expectations
EUR (13:00): German Inflation Rate
USD (20:00): Treasury Refunding Financing Estimates
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.