Forexlive European FX news wrap 10 Apr: RBNZ still outperformer after RBNZ decision

• Elon Musk to visit India this month to make announcement about Indian plant
• Russia considers dropped environmental requirements for gasoline usage
• Earthquake of magnitude 5.1 strikes Aksu in Xinjiang
• US Mortgage Applications 0.1% vs -0.6% prior
• China instructs commercial banks to stop offering interest rates on deposits
• What are markets expecting from today’s US CPI?
• EU is conducting prelim review of possible distortions of wind power markets
• Shanghai futures exchange to impose trading limits on gold and copper
• Options market expecting punchy moves for gold
• Hong Kong likely to approve spot Bitcoin ETFs
• Risk sentiment mostly mixed once again as we get the session started
• SEB thinks OPEC will jawbone oil prices north of $100
• Yen intervention thoughts from Standard Chartered
• Implied volatility levels for today
• Chinese vehicle sales (Mar) 9.9% vs -19.9% prior
• Israeli foreign minster warns Iran of retaliation
• Norwegian Core CPI MM 0.2% vs 0.4% expected
• This week’s main event coming up today
• AUDNZD trades to new lows following the RBNZ policy decision
• Chinese foreign ministry pushes back against negative outlook revision from Fitch

FX: The NZD is still the session’s outperformer following the RBNZ policy decision. The stretched price action and market internals for pairs like AUDNZD is doing a lot of the heavy lifting today. The AUD leading the majors to the downside.

Commodities: Mostly mixed with oil prices marginally higher, while precious metals are lower and base metals are mixed.

Equities: Close to flat for US equity futures, while we’ve seen outperformance in EMEA equity futures. Wouldn’t be reading too much into the price action ahead of the US CPI though.

Bonds: Mixed across 2’s, 5’s and 10’s, with all eyes on US CPI.

This article was written by Arno V Venter at www.forexlive.com.