Concern over aggressive tightening moves has resurfaced and Australia's 10-yr yield declined, as the short end of the curve was pressured by a jump in headline inflation which lifted to 5.1% y/y in Q1 - the highest since the introduction of the Goods and Services Tax in the early 2000s. #USA500 dropped -2.81%, #USA30 sunk -2.38%. #GER40 and #UK100 are slightly higher at the moment, but underperforming versus US futures. Earnings have been mixed but the advent of the key reports ahead left a very cautious environment. #USOIL at $102.46 now. Yen sold off, while USDIndex is moving further above the 102 level. Russia halts gas supplies to Poland and Bulgaria.
Today – Speeches from ECB's President Lagarde, BoC's Rogers, BoC's Governor Macklem.
Biggest FX Mover @ (07:30 GMT) #AUDJPY (+1.29%) Breached 92. MAs flattened, MACD signal line & histogram moving higher close to neutral zone, RSI at 45, all signaling a pullback. H1 ATR 0.305, Daily ATR 1.195.
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