It remains all about the tariffs as Trump has folded on his campaign against Jerome Powell, and evidently in his campaign against China. That has S&P 500 futures op 2.3% on top of yesterday's 3% gain.
I don't think that economic data or central banks speak will be what derails that today but it will offer some important clues about what's happening in the real economy. Sentiment has been struggling and that's likely to continue with the US April flash PMIs from S&P Global. Those are out at 9:45 am ET and 15 minutes later we get the latest report on new home sales.
On the Fed calendar, we will hear from Goolsbee at 9 am ET and Waller at 9:35 am ET. Critically, we will also hear from the Treasury Secretary at 10 am ET -- and this time it will be public. The final event comes at 2 pm ET with the Beige Book and this edition might offer some valuable insights on how companies are coping with the trade war.
For GBP traders, The BOE's Bailey speaks at 12:30 am ET and Breeden speaks at 2 pm ET.
For more, see the economic calendar.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( US PMIs, new home sales, Beige Book and Waller highlight the agenda )
Also on site :
- Mediators work on plan for long-term truce as Israeli strikes on Gaza kill nine
- Help! I Want to Get Families With Loud, Reckless Kids Kicked Out of Restaurants.
- NICE Approves Dual Immunotherapy for Aggressive Bowel Cancer