OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: New lows on Italian bond yields support euro – UBS

FXstreet.com (Córdoba) - On Monday, when markets digested the new Italian government, Italian bond yields fell to new lows and the euro appreciated, notes the UBS analyst team. "However, we do not think that this initial reaction is the beginning of a new momentum. The support in the parliament for this heterogeneous government is probably too weak, to address meaningful reforms".

"Also on Monday, German CPI was surprisingly low, highlighting the need for action next Thursday, when the ECB presents its interest rate decision", UBS says. "Euro should weaken soon".

Forex Flash: Japan's industrial production to advance for third month - RBS

The Japanese Ministry of Economy, Trade and Industry is scheduled to publish the March's Industrial Production report on Monday 23:50 GMT (Tuesday 8:50 Tokyo time). Market consensus is to watch a 0.4% increase between February and March, but the RBS' analyst team is more optimistic as they see a 0.5% rise in the monthly figure.
Read more Previous

Session Recap: Greenback trades lower on Green Monday

Market performed a green Monday on Monday as news from Europe and well above expectations US Housing economic data fueled investors confidence. However, Income data in the United States came below expectations but spending posted above consensus. Equities posted strong gains.
Read more Next
Start livechat