Early Wednesday sees the annualized figures of March month retail sales and industrial production from the National Bureau of Statistics of China at 02:00 GMT. Investors would also emphasize on the first quarter (Q1) 2019 gross domestic product (GDP) figure that’s up for release with other headline catalysts and increase the importance of data-dump. Retail
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Alberta voters go to the polls on Tuesday Oil-rich Alberta votes in a provincial election on Tuesday that’s a risk for the Canadian dollar. The incumbent NDP government is likely to lose power to the Conservatives. A poll released today show they’re ahead 44.3%-36.4% with various parties picking up the rest of the vote. The
AUD/JPY is struggling to move past the 200-day moving average (MA) of 80.41 in Asia. The JPY cross printed 3.5-month highs on Friday on upbeat China data. A bullish close above 100-day MA looks likely at sustained risk-on in equities. AUD/JPY is currently trading at 80.33, having printed a high at the 200-day MA resistance
The Telegraph is reporting that Sir Keir Starmer is an “ideologue” who is “obstructing” Brexit negotiations between the Conservatives and Labour with his demands for a second referendum, Tories involved in the negotiations have claimed. Ministers have found John McDonnell, the shadow Chancellor, and Rebecca Long-Bailey, the shadow business secretary, are far more open to compromise