Every Trader is a Forex Trader China PMI data points to export resilience but soft domestic demand remains the weak spot USD/JPY ticking higher above 160, no verbal intervention efforts so far today US military to present Trump with fresh options for military action ICYMI:…
Every Trader is a Forex Trader China PMI data points to export resilience but soft domestic demand remains the weak spot USD/JPY ticking higher above 160, no verbal intervention efforts so far today US military to present Trump with fresh options for military action ICYMI: Central banks buy 244 tons of gold in Q1 at fastest pace in over a year China private PMI surges to 52.2 in April, strongest factory reading since late 2020 China private survey April manufacturing PMI 52.2 (expected 51.0, prior 50.8) China official April PMI Manufacturing 50.3 (expected 50.1) Non-manuf. 49.4 (exp 49.9) NZ business confidence crashes to -10.6 in April as cost shock rattles outlook – more PBOC sets USD/ CNY reference rate for today at 6.8628 (vs. estimate at 6.8414) New Zealand April business confidence in the hole at minus 10.6% vs. +32.5% in March Japan March industrial output falls 0.5% as Hormuz closure hits chemicals and fuels A desperate Trump pitches Maritime Freedom Construct coalition to reopen Strait of Hormuz Japan March Industrial production misses expectations while Retail Sales beat Bank of England set to hold at 3.75% as Iran war forces stagflation reckoning NZ makes RBNZ votes public as fin min Willis overhauls MPC transparency charter Preview: ECB expected to keep rates at 2% today. Lagarde tone on June takes centre stage Brazil’s cuts rate by 25bp to 14.50% but flags deanchored inflation and Middle East risks Goldman: UAE exit from OPEC introduces oil supply upside risk once Strait of Hormuz reopen At a glance: US CENTCOM to brief Trump Thursday on Iran military options including infrastructure strike, Hormuz seizure and special forces uranium mission; Brent crude hits new war high China official manufacturing PMI 50.3 in April, above the 50.1 forecast; non-manufacturing slips to 49.4, a 40-month low, back into contraction China RatingDog private manufacturing PMI surges to 52.2, strongest since late 2020, reflecting outperformance of export-oriented private…