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GERMAN DATA

German Mar Factory Orders Beat Expectations

GOLD TECHS

Bullish Focus

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Approaching $70.00

USDCAD TECHS

Bears Still In Charge

FOREX
MNI (London)
FOREX: SEK touches multi-decade lows against USD as Riksbank join chorus of
doves
-Another day, another G10 central bank joins the chorus of doves as the Riksbank
trampled on the projected repo rate path, extending the duration of negative
interest rate policy potentially until the end of the year. An accompanying
extension of their bond-buying program further helped depress the SEK which
sits, by a distance, at the bottom of the G10 pile today.
-King dollar is outperforming for a third consecutive session, helping prompt
fresh cycle lows against the EUR, AUD and others. This worked further against
the KRW, which touched multi-year lows for a second session as South Korean GDP
turned out the worst quarterly reading since the Global Financial Crisis. The
move in USD/KRW also prompted the usual talk of official intervention in the FX
rate.
-The Turkish central bank rate decision, US weekly jobless claims data and March
durable goods orders are the highlights on the calendar, with a speech from
ECB's de Guindos also due.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com