INDONESIA: Country Wrap: US Indo Trade Surges.
May-14 05:28
- The Chairman of the Indonesian Chamber of Commerce and Industry has forecast that trade between Indonesia and the United States could surge to $80bn (IDR1,321 trillion), contingent upon the success of ongoing discussions on reciprocal tariffs, Indonesia Business Post reported. (source BBG)
- French President Emmanuel Macron is scheduled to make a three-day state visit to Indonesia in May 27-29 in a bid to boost ties with Southeast Asia’s largest nation. “This meeting is expected to be an important momentum to strengthen bilateral relations between Indonesia and France in various sectors” (source BBG)
- In its first day of trading this week, the Jakarta Composite is up +1.6% to continue its strong period of performance.
- The rupiah is one of the better performers in Asia today gaining +.40% to 16,562
- Bonds return from the break with a decent sell off with yields higher across the curve. INDOGB 10YR 6.9% (+4bps)
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LOOK AHEAD: UK Timeline of Key Events (BST Times)
Apr-14 05:23
| Date | UK | Period | Event |
| 15-Apr | 0001 | Mar | BRC-KPMG Shop Sales Monitor |
| 15-Apr | 0700 | Feb/Mar | Labour Market Survey |
| 16-Apr | 0700 | Mar | Consumer inflation report |
| 23-Apr | 0001 | Mar | Brightmine pay deals for whole economy |
| 23-Apr | 0700 | Mar | Public Sector Finances |
| 23-Apr | 0730 | DMO remit revision following FY24/25 CGNCR | |
| 23-Apr | 0930 | Apr | S&P Global Manufacturing PMI flash |
| 23-Apr | 0930 | Apr | S&P Global Services PMI flash |
| 23-Apr | 0930 | Apr | S&P Global Composite PMI flash |
| 23-Apr | 1130 | BOE's Pill speech at University of Leeds | |
| 23-Apr | 1815 | BOE's Bailey at Institute of International Finance | |
| 23-Apr | 1900 | BOE's Breeden on Monetary Policy and Financial Stability | |
| 24-Apr | 1100 | Apr | CBI Industrial Trends |
| 25-Apr | 0001 | Apr | Gfk Monthly Consumer Confidence |
| 25-Apr | 0700 | Mar | Retail Sales |
| 25-Apr | 2015 | BOE's Greene on Inflation, growth and moentary policy | |
| 28-Apr | 1100 | Apr | CBI Distributive Trades |
GBPUSD TECHS: Key Resistance Remains Exposed
Apr-14 05:20
- RES 4: 1.3305 High Oct 2 ‘24
- RES 3: 1.3274 High Oct 3 ‘24
- RES 2: 1.3207 High Apr 3 and the bull trigger
- RES 1: 1.3145 High Apr 11
- PRICE: 1.3104 @ 06:19 BST Apr 14
- SUP 1: 1.2907/1.2709 20-day EMA / Low Apr 7 and a bear trigger
- SUP 2: 1.2662 2.0% 10-dma envelope
- SUP 3: 1.2654 50.0% retracement of the Jan 13 - Apr 3 bull cycle
- SUP 4: 1.2559 Low Feb 28
GBPUSD maintains a bullish tone and the pair is holding on to last week’s gains. The trend condition remains bullish and recent weakness appears to have been a correction. Moving average studies remain in a bull mode position that highlights a dominant uptrend. An extension higher would open key resistance and the bull trigger is 1.3207, the Apr 3 high. Key support has been defined at 1.2709, the Apr 7 low.
LOOK AHEAD: Eurozone Timeline of Key Events (BST Times)
Apr-14 05:18
| Date | Time | Country | Event |
| 15-Apr | 745 | FR | HICP (f) |
| 15-Apr | 900 | EU | ECB Bank Lending Survey |
| 15-Apr | 1000 | EU | Industrial Production |
| 15-Apr | 1000 | DE | ZEW Current Expectations Index |
| 16-Apr | 900 | EU | EZ Current Account |
| 16-Apr | 900 | IT | Italy Final HICP |
| 16-Apr | 1000 | EU | HICP (f) |
| 17-Apr | 700 | DE | PPI |
| 17-Apr | 1315 | EU | ECB Deposit/ Main Refi/ Marginal Lending Rate |
| 17-Apr | 1345 | EU | ECB Monetary Policy press conference |
| 21-Apr | EU | ECB's Lagard and Cipollone in IMF/WB Meetings | |
| 22-Apr | 1500 | EU | Consumer Confidence Indicator (p) |
| 22-Apr | 1800 | EU | ECB's De Guindos at MIT/ICADE Finance Club |
| 23-Apr | 815 | FR | S&P Global Flash PMI |
| 23-Apr | 830 | DE | S&P Global Flash PMI |
| 23-Apr | 900 | EU | S&P Global Flash PMI |
| 23-Apr | 900 | EU | ECB Wage Tracker |
| 23-Apr | 1000 | EU | Construction Production/ Trade Balance |
| 23-Apr | 2015 | EU | ECB's Lane on Central Bankers' Amid Changing Liquidity |
| 23-Apr | 2045 | EU | ECB's Cipollone on Tokenization and the Financial System |
