EURUSD reached 1.1914 in today’s session with yet another day of strong appreciation. It retreated from this level and now oscillates aboveof 1.880. DXY is being traded at 92.3 thousand points. The USDJPY is oscillating close to $ 109.7. The USDCHF of$ 0.9282. Gold is trading at $ 1,742 an ounce, and silver at $ 25.2 an ounce.
The main facts observed by investors at the moment are:
COVID-19
The European Union’s regulatory agency for medicines has stated that there is a possible link between the vaccineAstraZeneca and a rare type of blood clot in the brain. Still, the agency said the benefitsvaccine outweigh the risks. Countless countries have suspended the use of the vaccine for its younger population.
France will start producing Pfizer / BioNTech and Moderna vaccines for distribution in the EU.
On 12/4 the UK will start to apply Moderna’s vaccine. Health Secretary Matt Hancock said thatthis vaccine will be offered first in western Wales. This is the third vaccine approved for use incountry (AstraZeneca and Pfizer / BioNTech are already in use).
India reported a record number of new cases, reaching 12.8 million infected in the country, of which166,177 resulted in death. The increase in cases forced Mumbai and Delhi to impose restrictions on circulation.Experts warned that India’s complacency in tracking new strains of mutant viruses representsa challenge in his battle against the new wave of cases
MACROECONOMY
The United Kingdom: The UK service sector grew again in March 2021 driven by the outlookend of blockages to circulation. For the first time in six months, there was an increase in the number ofjobs in the sector, with the fastest job creation rate since June 2019. Theinflation of input costs was the highest in almost three years, while prices charged byservice providers increased at the most accentuated pace since November 2017. Looking atfor the future, business expectations have improved for the fifth consecutive month
Eurozone: The IHS Markit Eurozone Composite PMI was revised to 53.2 in March 2021, signaling the secondfastest increase in private sector production in two and a half years. Industrial productionpresented the greatest growth in almost 24 years, while the production of services fell by the rateslower in the current seven-month contraction sequence. Expenses showed the largest increasemonthly for almost 10 years and product price inflation has been the strongest since the beginning of 2019.Finally, business confidence increased to a peak of 37 months.
USA: The US trade deficit widened for the second month to $ 71.1 billion in February 2021.It is the largest trade deficit ever recorded, as imports fell less than exports, inanother sign that the American economy is recovering faster than its trading partnersafter the pandemic. The goods deficit increased by US $ 2.8 billion to US $ 88 billion and the surplusof services decreased by US $ 0.5 billion to US $ 16.9 billion. Exports fell 2.6% to US$ 187.3 billion, mainly due to other industrial machines, civil aircraft, semiconductors,food and beverages, automobiles and travel services. Imports fell by 0.7% to US$ 258.3 billion, due to passenger cars and pharmaceutical preparations. The deficit in goodsincreased with China (to $ 30.3 billion) and Canada (to $ 4 billion), but decreased with theMexico (to $ 6.8 billion).
US mortgage applications fell 5.1% in the week ended April 2, 2021, the fifthconsecutive weekly decline, as higher rates began to hurt this market.House purchase orders fell 4.6% and house refinancing fell 5.3%. The interest rateaverage for 30-year fixed-rate mortgages rose from 3.33% to 3.36%, back to the highest levelsince the beginning of June
ACTIONS
Today was a mixed day for European stock exchanges. The indexes closed stable on Wednesday, after strongearnings the day before and with the DAX 30 in Frankfurt staying close to a record high. Meanwhile, the uncertainty inaround rising infection rates and the slow launch of vaccines across the continent continued to weigh onthe feeling
