Search ForexCrunch

Analysts at Danske Bank, suggest that after a week of thin Easter trading, focus will be on the uptrend in oil prices and on news from the ongoing US-China trade talks.

Key Quotes

“The start of Japan’s Golden Week will likely keep volumes thin in that region this week.”

“The oil market will stay in focus after the comments by President Trump yesterday that the US plans to end Iran sanction waivers by 2 May. Notably, attention will centre on whether other OPEC members will ensure adequate oil supplies after a further fall in Iran oil exports, as indeed suggested by Saudi Arabia yesterday.”

“On the data front, we have a rather quiet day with the only notable release being the euro-area consumer confidence for April. Later this week the Riksbank meets (Thursday) and next week brings Chinese PMI, a Fed meeting and the US jobs report.”