Ubaidahsan European FX information wrap: Some calm after Monday's swings

• ECB’s Rehn: Nice uncertainty is restraining financial exercise
• US VP Vance: India and America have finalised phrases of reference for a commerce deal
• Little progress on commerce negotiations retains the market betting on extra aggressive easing
• BoE’s Greene: Pricing partly displays world components
• ECB survey: Inflation seen at 2.2% in 2025 vs 2.1% seen three months in the past
• SNB whole sight deposits w.e. 18 April CHF 448.three bn vs CHF 446.9 bn prior
• Japan Keidanren Chief Tokura: Fast FX fluctuation not fascinating for financial system
• What are the primary occasions for as we speak?
• Tedious US-Japan commerce talks spotlight issue for any offers
• USD/JPY dips under 140 for the primary time since September final yr
• FX choice expiries for 22 April 10am New York minimize
• Lengthy-end Treasuries proceed to ship warning alerts
• Gold stays relentless in its push greater, eyes $three,500 subsequent

It has been a comparatively quiet session within the markets in comparison with yesterday’s aggressive strikes. There hasn’t been any notable knowledge or information launch and we proceed to attend for some concrete improvement on the commerce negotiations entrance.

The primary theme stays the “promote America” commerce with US belongings like shares, bonds and the USD remaining underneath stress whereas secure havens like gold proceed to make new highs.

The issue is that positioning is getting overstretched just about in all places and that is if you see huge reversals as soon as a catalyst hits the market.

The catalyst will probably be the primary commerce deal as the main target stays on tariff negotiations.

This text was written by Giuseppe Dellamotta at www.ubaidahsan.com.



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