Preliminary German Q1 GDP figures expected
Market sentiment is more lukewarm to begin on Friday, following an impressive reversal of US stocks in the night trade. Wall Street managed to reverse the losses by around 1.7% to post gains of more than 1% – for the S&P 500 and the Dow Jones – to end the day.
Meanwhile, gold appears to be testing the waters for a technical break from its recent wedge model, but momentum is a bit halted as stocks rallied yesterday.
As far as the main currencies are concerned, not much happens during the day as the risk climate remains lukewarm for the time being. After a few risky sales sessions, the dip buyers are back.
The question now is, will they continue this momentum this weekend? Or will sellers find the conviction that they are really pushing a possible downward movement this week?
0600 GMT – Germany April PPI figures
06:45 GMT – France CPI final April
0800 GMT – Preliminary German GDP figures for Q1
0900 GMT – March euro area trade balance data
0900 GMT – Estimated Q1 secondary GDP of the euro area
That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.