The last trading day in financial markets is passing in bullish moods as all European indices are on the green side. It’s worth recalling that this week abounded with three central banks’ meeting where two of them (FED and BoE) exerted upward pressure on their currencies. The BoJ stayed put as it was broadly expected, so the yen played down this event.
When it comes to the draggy thread, Greece’s creditors agreed to release 8.5 billion euros ($9.5 billion) in new loans for Athens thereby ending months of uncertainty over whether it could meet large bond payments due in July. At the same time, EU officials said Greek bonds won’t be included to the ECB’s asset purchases program yet.
At the end of the week, one could take a closer look at the Antipodean currencies. First and foremost, the New Zealand’s economy revealed Q1 GDP figures which missed estimations, the latest reading marked New Zealand’s twenty-sixth consecutive quarter of expansion though. On the other hand, growth slowed sharply in the fourth quarter after a devastating earthquake and other seasonal influences. Needless to say that weaker data gives the RBNZ comfort with its current stance, however, market seems to be already convinced to a rate hike next year.
Moreover, we’ve presented you the interesting trading signal on the AUDUSD which could provide quite decent space for eventual gains. At this stage one should remind that a really rosy jobs report from the Australian economy was revealed on Thursday, hence it could ultimately buoy the Aussie in upcoming days.
Looking ahead, there are three market events could affect assets prices at the end of the week. All of them will come from the US, thus the US dollar could be prone to some corrective moves, especially when those prints fall short of expectations once again.