Forex headlines for April 25, 2014:
- Obama informs four European leaders of US intent to impose fresh sanctions on Russia
- Markit prelim US services PMI 54.2 vs 55.5 expected
- US April U Mich final consumer sentiment 84.1 vs 83.0 exp
- French jobseekers hit fresh record
- Fitch upgrades Spain’s credit rating
- G7 preparing fresh sanctions against Russia
- Belgian April business confidence -4.6 vs -4.4 prior
- Kiev decides to blockade separatist city Slovyansk
- Ukrainian interior minister says separatists seized bus carrying OSCE mediators
- S&P 500 down 15 points to 1863, down 0.1% on the week
- Gold up $10 to $1303
- WTI crude down $1.29 to $100.64
- JPY leads, CAD lags
There were some headlines and there was some volatility — just not in the FX market. It’s one of those days where it was so unreasonably quiet that you get the eerie feeling that something crazy is going to go down next week.
Rather than recapping the play-by-play on the tiny moves today, here are the end of day changes and ranges.
Instead of the past, lets focus on the future. The week ahead is big:
- Pending home sales
- Consumer confidence
- ADP
- FOMC meeting
- Chicago PMI
- The PCE inflation report
- ISM manufacturing
- Q1 GDP
- Vehicle sales
- Non-farm payrolls
- Eurozone CPI
- BOJ inflation forecasts
- & many more
So let’s get outside and enjoy the weather before a big week.
