ZuluTrade Blog

Last Friday has seen the bloc currency recover some ground after the disappointing miss in March’s NFP

Market View | Monday, April 9, 2012 4:06 AM GMT

Good morning , 



- Last Friday has seen the bloc currency recover some ground after thedisappointing miss in March’s NFP, along with the drop to 8.2% from 8.3% of theunemployment rate in the US, although mainly because workers have left the laborforce. At the moment, the cross is down 0.05% at 1.3065 . 

USD/JPY , fell below ¥81.20 in early Asiasession ,  1-month lows . 


 - Asian equity markets are in the red across the board following thedisappointing NFP . 


- Former Greece FinMin  Venizelos says Greece must decide whether tostay in the Eur .


-  Bank of Japan (BOJ) expected tomaintain its economic assessment as part of this week's decision.  Japan Fin Min Azumi and China Fin Min Xie heldtalks this weekend over IMF contributions to help contain European crisis 


- TheSNB supervisory board is expected to meet on April 13 to discuss about theselection of SNB Chairman Philip Hildebrand.


- China released its monthly inflation data showing slightly higher thanexpected consumer price pressure. 3.6% CPI topped 3.4%consensus and a 3.2% prior print which was also a 20-month low. Risinginflation could diminish expectations for another easing out of the PBoC, eventhough Beijing policymakers could still respond to slowing quarterly GDPexpected on Friday .


- AUD/NZD continues to consolidate above the 1.2550 price zone, havingtraded within a tight range between 1.2562 and 1.2595 so far this Monday . Thepair, however, may remain biased to the downside in the upcoming week as thereappears to still be room to test lower levels, with rising trend line supportmeasured from the 4 Oct 2009 to 11 July 2010 troughs lurking below currentprice.


- Russian Central Bank leaves refinancing rateat 8.00%, repo rate at 5.25%


- North Korea is said to plan for its thirdunderground nuclear test, while also loading the launchpad with along-range rocket.


- No data will be released today, as many markets are closed due to Easter Monday. Across the pond, only Chief B.Bernanke will give a speech.



Have a nice week !

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