• Russia announced yesterday, that will hit any missile trying to hit Syrian ground and target it’s source as well.

• President Trump twitted in response that Russia should get ready because the missiles will be coming and they are new and smart.

• Theresa May seems also to be about to get Cabinet approval today, for the UK to participate in a possible conflict.

• No timetable seems to be laid out, however, clouds of war seem to be drawing near.

• Gold and oil gain as they seem to be feeding on the news. Any further escalation could push prices higher.


EUR/USD 12/04/2018 | EconAlerts

All of Fed’s policymakers saw a strengthening economy

• All participants in the latest FOMC meeting, seem to agree that the US economic outlook is stronger than previously anticipated and that inflation (YoY) will most probably reach the 2% target.

• Also, all agreed on gradual rate hikes and a strong majority considers trade retaliation acts as a downside risk.

• The minutes definitely have hawkish elements in them, however, do not clearly provide signals for a 4 rate hike path.

• Overall, we could see the US Dollar strengthening in the long run,   as the arguments for a more hawkish stance prevail. Especially considering that the possibility of a possible trade war could be lower.


USD/JPY 12/04/2018 | EconAlerts


Today’s other economic highlights

• France: Final CPI (EU Norm.) rate for March, Survey: +1.7% YoY, Prior: +1.7% YoY, 06:45 GMT, could be positive for EUR.

• Sweden: CPI rate for March, Survey: +2.0% YoY, Prior:+1.6% YoY, 07:30 GMT, could support the SEK.

• Eurozone: Industrial Production for February, Survey:+0.1% MoM, Prior:-1.0% MoM, 09:00 GMT, could support EUR ECB’s meeting minutes are published,11:30 GMT.

• US: Initial Jobless Claims, Survey: 230K, Prior: 242K, 11:20 GMT, could support the USD OPEC Monthly report, 11:20 GMT.

• Speakers: ECB member Coeure (12:15 GMT), BuBa President Weidman (16:15 GMT) and BoE governor Carney (19:00, GMT) speak.


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This information is not considered as investment advice or investment recommendation but instead a marketing communication. This material has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

source: FXGiants

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