Trading news

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $59.37 per barrel, down from Tuesday’s close at $59.91.

Retail Sales in Germany declined 0.2% month-over-month (MoM) in March, following the 0.8% growth reported in February, according to official data released by Destatis on Wednesday.

Germany Import Price Index (YoY) down to 2.1% in March from previous 3.6%

Germany Retail Sales (YoY) down to 2.2% in March from previous 4.9%

United Kingdom Nationwide Housing Prices s.a (MoM) came in at -0.6% below forecasts (-0.1%) in April

United Kingdom Nationwide Housing Prices n.s.a (YoY): 3.4% (April) vs previous 3.9%

South Africa Private Sector Credit: 3.45% (March) vs previous 3.68%

Germany Retail Sales (MoM) above forecasts (-0.4%) in March: Actual (-0.2%)

Germany Import Price Index (MoM) came in at -1% below forecasts (-0.7%) in March

The United States (US) Bureau of Economic Analysis (BEA) is set to publish its preliminary estimate of first-quarter Gross Domestic Product (GDP) on Wednesday, with analysts expecting the data to show annualized growth of just 0.4%, a sharp slowdown from the 2.4% pace recorded in the final quarter o

The EUR/USD pair recovers a few pips from the vicinity of the mix-1.1300s, or the Asian session low, though it lacks any follow-through amid a modest US Dollar (USD) uptick. Spot prices currently trade around the 1.1375 area and remain confined in a familiar range held over the past week or so.

GBP/USD extends its decline for a second straight session, hovering near 1.3390 during Wednesday’s Asian trading. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments.

The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday. 

FX option expiries for Apr 30 NY cut at 10:00 Eastern Time via DTCC can be found below.

Japan Leading Economic Index meets expectations (107.9) in February

Japan Coincident Index increased to 117.3 in February from previous 116.9

Japan Housing Starts (YoY) came in at 39.1%, above forecasts (1%) in March

Japan Annualized Housing Starts rose from previous 0.805M to 1.08M in March

Japan Construction Orders (YoY) climbed from previous -3.3% to 3.5% in March

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.