Currency Updates:
AUD/USD
• Bear pressure applied in Europe’s morning, NY opens near 0.7765/70 supt
• Dip bought as USD and US yields sink on soft durable goods data
• Lifts in iron-ore, copper & rebar aid a steady lift in NY hours
• Key 0.7840/50 tested again but holds, little pullback from day’s high though
• Only light Oz data next week, Stevens speak April 28 in Sydney
EUR/USD
• Weak German IFO expectations data sinks pair ahead of NY open
• NY lifts from ~1.0805/10 as US durables core data is weak
• US yields tumble & broad based USD sales follow
• EUR/USD up near 1.0890 as DE-US yield spreads tighten
• Pair lifts into daily cloud & nears 76.4 Fib of 1.103-1.0521
• RSIs biased up, more gains likely, March high eyed by s-t bulls
USD/JPY
• USDJPY falls after Core Durable Goods down for 6th straight month
• Still in broad range but no bounce; 118.30-50 support key
• Pair traded poorly all week despite strong rally in Nikkei
• Broad dollar undermined by US rate move; Fed getting squeezed out of 2015
Looking Ahead – Economic Data (GMT)
• No Significant Data
Looking Ahead – Events, Other Releases (GMT)
• Sat Apr 25 15:30 GMT German Bundesbank Pres Weidmann & German FinMin Schaeuble to participate in a press conference
