Schatz Markets Forex News World Market Outlook
Euro dips as weak German data prompt growth concerns, FOREX-Euro falls after reporting Italy to cut growth forecast
Indian Rupee Tumbles With Bonds as RBI Disappoints With Neutral Stance. The Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to ‘Neutral’. This is the second rate cut in 2019.
The Canadian Dollar
The Canadian dollar was little changed against its broadly weaker U.S. counterpart on Wednesday as oil prices fell and investors turned cautious on the loonie ahead of Canadian jobs data due on Friday.
Gold Falls into recent low 1280.50, The Metal Gold dips to a four-week low as dollar rises. Potential buyers at 1280 to 1281 lows.
Initial claims for state unemployment benefits dropped to 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said. The US weekly jobless claims drop to the lowest level since 1969. The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week. The data pointed to sustained labor market strength despite slowing economic growth.
British Pound Firms Up After Lawmakers Vote to Block No-Deal Brexit. While the most recent vote is a step toward a so-called softer Brexit, there are many hard negotiations still to come, and the risk of an election also looms. “Anything that helps avoid hard Brexit is positive