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Time now: Jun 1, 12:00 AM

Valuable Forex Market News

1️⃣ Fear of inflation, yields rebound, USD surpasses 93
- The dollar continued to rise higher at the beginning of the European session on Tuesday, hitting a one-year high against the Japanese yen, when US bond yields started to rise again on inflation fears.

2️⃣ Today's notable facts and data
U.S. Treasury yields skyrocketed on Tuesday, which once put pressure on US gold and silver stocks. Investors must continue to pay attention to changes in the yield curve. Two major events of the day could influence the trend in U.S. Treasury yields:
- At 20:15, the number of small non-farm ADP jobs in the US will be announced in March. The expected value is a 550,000 increase, much higher than the previous value of 117,000.
- At 4:20 tomorrow morning, US President Biden will deliver a speech on his economic vision. According to the Washington Post, US President Biden will announce plans worth $ 2.25 trillion, including $ 650 billion for the construction of infrastructures such as bridges and roads. White House officials are still making final adjustments to the plan and details may change.
In addition, at 22:45 PM, the 2021 FOMC Voting Committee and the Atlanta Fed President Bostic delivered a speech online on "monetary policy during the pandemic"; at 3:00 the following day, US Treasury Secretary Yellen will preside over the meeting.

Comments

1️⃣ Yesterday's main news
- Biden officially announced giant infrastructure plans.
The number of ADP jobs in the United States rose by 517,000 in March, a record high since September last year.
2️⃣ Today's notable facts and data
- At 19:00, the 15th OPEC and non-OPEC Oil Ministers Meeting is held, investors can continue to pay attention to the oil-producing countries' declaration of the cut. Quantity.
- At 20:30, the United States will publish the initial number of claims for unemployment benefits until March 27.
- Due to the Easter holiday, the total number of oil rigs in the United States for the week up to April 2 will be announced before 01:00 am on Friday.
 
1️⃣ USD is solid when the US economy is outperformed
- The dollar remained firm in early European trading on Thursday, close to a multi-month high on expectations of strong US economic growth, supported by more and over-fiscal stimulus Vaccine rollout is accelerating.
U.S. President Joe Biden announced his long-awaited $ 2 trillion infrastructure rebuild on Wednesday, which will be a new pump of money into the economy after the pack The US $ 1.9 trillion bailout was recently approved.
Wednesday's ADP report showed US private sector job payrolls increased by 517,000 positions last month, which is not a bad step ahead of the official US nonfarm payrolls today. American ants will add 650,000 jobs by March.
2️⃣ ECB commits to continue to support the economy
- ECB chief economist Philip Lane said: The rise in inflation in the euro area is due to temporary factors, the underlying trend is still weak, so the ECB needs to maintain support for the economy. .
- Inflation has steadily increased this year and is likely to exceed ECB's target by nearly 2% in the coming months, due to rising energy costs, rising taxes, household consumption likely to increase, and technical factors. technology related to pandemic shock.
Nominal and real yields have moved in the opposite direction in recent weeks, with nominal yields rising to pre-pandemic levels while real yields are trending to decline to their lowest levels earlier this year.
3️⃣ Today's notable facts and data
- At 20:30 the United States will announce the nonfarm employment population after the March seasonal adjustment. The expected value is 647,000, much higher than the previous value of 379,000. Markets are concerned that shortened US Treasury market times could cause the market to suddenly expand.
At 23:00, Fed Bostic will give a speech.
- Affected by Easter, the US stock exchanges, European countries, Australia and Hong Kong are all closed for one day. CME precious metals and US crude are suspended for all day, and ICE Brent crude contracts are suspended for the whole day. Foreign exchange contracts end before their expiration.
 
Happy new week with lots of energy, good work!

1️⃣ The main news over the weekend
- Biden said the infrastructure plan is expected to create 19 million jobs in the United States.
- The USD appreciated after the 10-year US bond yield dropped rapidly to 1.68%, hitting the peak of 14 months last week.
- The US Dollar Index (DXY), which measures the fluctuations of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF).
- Moody's Analytics report shows that the US economy will add 16.3 million jobs thanks to natural job growth and the adoption of the US $ 1,900 billion COVID-19 bailout package. Thus, the president's new infrastructure plan will create about 2.6 million new jobs within 10 years.
- In Asia, the HSBC Banking Economic Research Division has just sent a report on the Asian economic outlook for the second quarter of 2020 with the statement: The Year of the Ox will show stronger economic vitality.
2️⃣ Notable economic events and data this week
- The Spring 2021 meeting of the International Monetary Fund (IMF) and the World Bank will be held online from April 5-11. Two major institutions will release "World Economic Prospects. "and" Global Financial Stability Report ", and there will be economic prospects, that can have an impact on the expected economic recovery.
- On the central bank side, the Federal Reserve will publish the minutes of the FOMC monetary policy meeting this week; The European Central Bank will also publish the minutes of its policy meeting from March 10 to 11.
Australia will announce the interest rate solution. Fed Chairman Powell will attend the International Monetary Fund and World Bank spring annual meetings. European Central Bank President Lagarde will participate in the online meeting of G20 Finance Ministers and Central Bank Governors.
 
USD 1️⃣ steady, investors wait for confirmation from new data
- Dollar stabilized on Monday as investors reviewed strong US jobs report last week and waited for data on the country's services sector to confirm a solid economic recovery Post-Covid-19.
- The USD had its best quarter against major currencies for almost 3 years at the end of Q1, thanks to economic improvements and rising bond yields.
- Last week's employment data showed that the US economy created more jobs than expected in March. However, there was very little reaction in the money market since most of the bond and stock markets. Main ballots are closed during the Easter holiday season.
USD short positions in money markets also fell to their lowest level since June of last year, according to Commodity Futures Commission data showed last week - another positive sign against the greenback.
2️⃣ BoJ considers issuing digital currency
The Bank of Japan (BOJ) began researching the feasibility of issuing its own digital currency on Monday, alongside other central banks' efforts to keep pace with the strides. in the private sector cryptocurrency.
- BOJ said the first phase of trials will be carried out until March 2022, will focus on testing the technical feasibility of issuing, distributing, and buying back a currency. Central bank digital currency (CBDC).
The BOJ will then move on to the second phase of the experiment, which will scrutinize the functionality in more detail, such as whether or not to set a limit on the number of CBDCs that each entity can hold. .
3️⃣ The price of oil slipped as OPEC + increased production
- Oil dropped to around $ 64 per barrel on Monday as increased supply from OPEC + and higher Iranian output offset signs of strong economic recovery in the United States and hope an increase in demand in year 2021.
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC +, agreed on Thursday to increase their monthly output from May to July. Iran is also increasing their supplies.
4️⃣ Today's notable facts and data
- At 12:30 today, the Reserve Bank of Australia will announce a resolution on interest rates and is expected to keep interest rates unchanged.
- At 20:30 tonight, the Spring 2021 meeting of the IMF / World Bank will publish the World Economic Outlook and Global Financial Stability Report. European Central Bank President Lagarde, Executive Commissioner of the European Central Bank Panetta and President Riksbank Inves will attend the IMF / World Bank spring meeting in 2021. The specific date will be identified.
 
1️⃣ The market remains positive against the USD
The dollar edged higher at the start of the European session Tuesday, as traders remained positive mainly due to strong signs of US economic growth and the impressive vaccine rollout.
“Until Europe starts implementing fiscal stimulus and more importantly, accelerating the vaccination process (Europe has only 10% of its population vaccinated, in while in the US it is 29%, in the UK 45%), it is very difficult to counter the exceptional character of the dollar. ”
2️⃣ Oil prices recovered
- Oil prices rose on Tuesday, supported by strong economic data from China and the US, offset some losses from the previous session due to the impact of OPEC + supply increase and new Covid-19 infection at India and EU increased.
- Market attention is now on the US-Iran talks in Vienna aimed at reviving the 2015 nuclear deal between Tehran and world powers, possibly leading to Washington's lifting of orders. sanctions on Iran's energy sector.
- Goldman Sachs (NYSE: GS) said any potential recovery in Iran's oil exports would not be a shock to the market and a full recovery won't happen until the summer of next year. 2022.
3️⃣ Notable facts and economic data today
- 21:00 tonight, the FOMC 2021 voting committee and Chicago Fed President Evans will deliver a speech on the current economic situation and monetary policy.
- At 10:30 pm tonight, the US will announce EIA crude oil inventories for the week ending on April 2 and is expected to record a 1.325 million barrel decrease.
- Today, the President of the European Central Bank Lagarde and the Executive Committee of the European Central Bank Panetta will participate in the online meeting of the Finance Minister and G20 Central Bank Governor, the specific time will be identified.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!

1️⃣ Business activity in the EU expanded despite blockade orders
- Eurozone business surged again last month, noting record expansion in manufacturing, and the service sector showing a better-than-expected response to blockades, according to a survey on Wednesday.
- Europe is facing the third wave of pandemic and with vaccination slowing, they have to re-impose blockade orders. But IHS Markit's Purchasing Managers' Index (PMI) for the services sector rose to 49.6 in March from February's 45.7, much higher than the quick estimate of 48.8.
- Maddalena Martini at Oxford Economics commented: “It's encouraging, today's data confirms the service sector is on the verge of recovery. Although the economic health situation is still fragile and some of the constraints are expanding, optimism about immunization campaigns is improving the service sector's outlook. "
2️⃣ J. Biden's 2,300B Infrastructure Proposal Series:
"J. Biden said he was ready to negotiate a corporate tax hike, but said the United States must take bold action on its infrastructure."

=> J. Biden is opening up opportunities to get a new stimulus package because the issue of increasing taxes to 28% is met with bipartisan opposition. The tax increase issue is a key issue for this new stimulus package to pass.
3️⃣ Notable facts and economic data today
- This afternoon at 16:30 GBP announced construction PMI index
- Tonight at 20:30 the US will announce the first unemployment benefit proposal.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!

1️⃣ Series about American - Chinese Straight:
"The US Commerce Department said Thursday that it has added seven Chinese supercomputer entities to the US economic blacklist for supporting China's military efforts."
2️⃣ Fed President - J. Powell's speech at the IMF Conference at tonight:
- "Federal Reserve Chairman Jerome Powell said on Thursday that an increase in spending as the US economy reopens, coupled with supply bottlenecks, is likely to push prices higher in this year, but will not lead to price increases year after year constituting inflation.
- "We think there will be bullish pressure that can be passed on to consumers in the form of price increases - we think that is only temporary," said Powell at an International Monetary Fund event, Note that inflation has been at a 25-year low, nurturing a sentiment of low inflation expectations.
- “If inflation is sudden, contrary to our expectation, the move means above the level we are comfortable with - and especially inflation expectations ... if we see them moving continuous and essential on the level we are comfortable with, we will react to that. "
=> There are 2 main ideas: Price may rise but does not mean inflation, and as long as we see inflation above the 2% target and there is real pressure, we will see Fed action, otherwise, interest rate will remain low Zero.
3️⃣ Notable facts and economic data today
- Tonight the US announced PPi producer price index and Canada will announce the employment index in March.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!

1️⃣ Series about American - Chinese Straight:
"The US Commerce Department said Thursday that it has added seven Chinese supercomputer entities to the US economic blacklist for supporting China's military efforts."
2️⃣ Fed President - J. Powell's speech at the IMF Conference at tonight:
- "Federal Reserve Chairman Jerome Powell said on Thursday that an increase in spending as the US economy reopens, coupled with supply bottlenecks, is likely to push prices higher in this year, but will not lead to price increases year after year constituting inflation.
- "We think there will be bullish pressure that can be passed on to consumers in the form of price increases - we think that is only temporary," said Powell at an International Monetary Fund event, Note that inflation has been at a 25-year low, nurturing a sentiment of low inflation expectations.
- “If inflation is sudden, contrary to our expectation, the move means above the level we are comfortable with - and especially inflation expectations ... if we see them moving continuous and essential on the level we are comfortable with, we will react to that. "
=> There are 2 main ideas: Price may rise but does not mean inflation, and as long as we see inflation above the 2% target and there is real pressure, we will see Fed action, otherwise, interest rate will remain low Zero.
3️⃣ Notable facts and economic data today
- Tonight the US announced PPi producer price index and Canada will announce the employment index in March.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!

1️⃣ USD is expected to bounce back after the worst week of the year
- The dollar was bullish on Monday after falling last week as traders assessed the Treasury bond yield outlook while waiting for key US retail sales and inflation data in the coming days.
- Up to now, the strength of the dollar for the new year is tied to bond yields, after fears of rising inflation combined with the US economic recovery fueled by stimulus created a jump in bond yields in February.
Federal Reserve Chairman Jerome Powell said in a US media interview published Sunday that the US economy is at a "inflection point" and is likely to rebound strongly in the next month, but he also warned of risks stemming from the hasty reopening.
Investors are currently waiting for March US inflation data to be released on Tuesday. MUFG analysts said: "We are about to see the first evidence of long anticipated inflation increases." They also said that the strength of the dollar can still be maintained thanks to 10-year yields.
2️⃣ India sharply increased the volume of gold imports in March
- India's gold imports surged in March, reaching the highest level in nearly two years due to falling prices increasing demand for jewelry during the ongoing wedding season.
Purchases increased by more than seven times to 98.6 tons in March from 13 tons in the previous month, according to sources. This is the highest level since May 2019.
- According to Bloomberg calculations based on data, India's imports in the first three months of the year increased by nearly 190 tons.
3️⃣ EU retail data improved
- The latest data released by Eurostat shows that the single currency region's retail data has increased by 3.0% far exceeding expectations of 1.7%.
- After sluggish economic activity in the first month of the year due to slumping demand, eurozone retail sales rebounded in February - mainly from non-food sales (+ 6.8%). .
- Despite recording an improvement, compared to a year ago, overall condition is still relatively worse with non-food sales down 5.5% compared to 2020.
4️⃣ Notable facts and economic data today
- OPEC publishes the monthly crude oil market report (the specific publication time of the monthly report will be determined, usually around 17-20 Vietnam time). Before OPEC + decides to gradually slow down its output, it is important to pay attention to their expectations of market demand.
- Today the seasonally adjusted monthly US rate of March will be announced. The market expects a slight rebound, but gains will be short-lived.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ The main news yesterday
- The US CPI is strongly increasing and inflation expectations are rising.
- US suspends vaccines Johnson & Johnson.
- The strong demand for US 30-year treasury bonds and direct contractors has increased significantly.
- The price of electricity in Texas again increased due to the grid warning about the supply.
Bank of England chief economist Haldane will resign soon.
- OPEC monthly report enhances global crude demand growth forecast and production forecast.
2️⃣ Notable facts and economic data today
- today Reserve Bank of New Zealand announced its interest rate decision, the latest economic forecast will not be released, and the focus is on curbing long-term interest rate expectations.
- today the IEA released its monthly crude market report, noting the expected difference between this report and the OPEC monthly report.
- today the President of the European Central Bank Lagarde participated in the Q&A session.
- today Fed Chairman Powell delivered a speech and the next day, the Fed published the Beige Economic Conditions Book. Three officials including Fed Vice Chairman Clarida delivered their speech earlier at night.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Inflation is not enough to motivate FED to act, the market leaves USD
- The dollar weakened at the beginning of the European session on Wednesday, being pushed to a three-week low as bond yields fell after US inflation rose in March deemed not enough to change the Fed's mindset. .
Yields on 10-year US Treasury bonds fell to 1,620%, far from their peak of 1.78% at the end of March.
The US consumer price index rose 0.6% on a monthly basis - the largest increase since August 2012, and up 2.6% - on a year-on-year basis.
While these numbers are higher than the expectations of forecasts, there is a part of the market that expects inflation to intensify due to pent-up demand, massive fiscal stimulus, and immunization programs. success.
- Fed officials have also repeatedly stated that they will treat all price pressures in the short term as temporary and this CPI data does not put pressure on the Fed to think about easing loose monetary policies. sneak.
2️⃣ European Commission (EC) becomes the largest debt issuer
The European Commission plans to borrow around 150 billion euros a year until 2026 to fund the bloc's unprecedented stimulus plan to digitize the economy and make it greener. This makes them the biggest debt issuer in euros.
- The amount in the EC economic plan has been agreed at 750 billion EUR in 2018 but now it has increased to about 807 billion EUR.
- This amount is divided into 338 billion grant grants and 386 billion loans to 27 EU countries and the remainder goes to joint EU programs. It will be delivered over the next five years with a third being spent on reducing CO2 emissions in 27 EU economies.
3️⃣ Notable facts and economic data today
- tonight the US will announce March retail sales and request unemployment benefits.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
- Risk aversion broke out and gold prices rose to 35 USD and at one point touched 1770 USD.
- US Treasury bonds increased abnormally, yields fell to the lowest level in a month.
- Biden signed an executive order imposing new sanctions on Russia.
- New York Fed: Fed will "adjust as needed" to manage interest rates.
- Daley Fed calls for reform of the US bond market.
Republicans are preparing to make a $ 650 billion proposal on Biden's infrastructure plan.
The United States found 5,800 people infected with new coronary pneumonia following vaccination.
- Japan plummeted its holdings of US treasury bonds in February, and the demand for bonds in April may recover.
- Germany and Japan plan to raise their economic outlooks.
2️⃣ Notable facts and economic data today
- China's first quarterly GDP rate of the year, announced today , is expected to increase to double digits.
- today the final value and monthly rate of the Eurozone's annual CPI for March will be announced, and the market expectations will be the same as the previous value. there.
- At the next day, the total number of US oil rigs for the week to April 16. The expected market is 343. The US drilling company added oil rigs. gas for the fourth consecutive week.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past week:

1️⃣ The main news over the weekend
The United States has received more than 200 million doses of COVID-19 vaccine.
- Fed Governor said "ready to let inflation exceed 2%".
- Russia adamantly responded to US sanctions.
- The Russian Ministry of Energy is ready to support export restrictions on petroleum products.
- Saudi Arabia and Iran are said to be negotiating directly, but Saudi Arabia denies.
2️⃣ Notable economic data and events today
- The US Senate Occupation Committee will hold a hearing on an infrastructure plan on Tuesday.
- This week will be the Fed silence. You may have noticed the moves of other top central banks:
- On Wednesday, the central bank of Canada's interest rate decision from April 21; On the same day, Governor of the Bank of England Bailey delivered a keynote speech at the Bank of England online event.
On Thursday, the European Central Bank announced its interest rate decision.
- NYMEX New York crude oil price for May term is affected by monthly changes. The last transaction on the exchange will be completed at 3:30 am on April 21 and the last transaction on the e-commerce platform will be completed at 5:00 am on April 21st. expiration of transaction location to control risk. Also, the expiration time of some US oil contracts on some exchanges is usually a day earlier than the official NYMEX, so pay more attention.
Not much data and economic events to be announced today are available today!
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
- US President Biden is ready to compromise on the infrastructure bill.
The US government reportedly will consider regulating crypto assets.
- The US State Department will begin updating travel alerts this week.
- OPEC + is discussing scaling down next week's meeting.
- Libya's crude oil production fell below 1 million barrels a day for the first time in months.
2️⃣ Notable facts and economic data today, China will announce the rate listed on the one-year loan market until April 20.
The Reserve Bank of Australia publishes the minutes of its April monetary policy meeting.
Apple holds a new product launch conference on Wednesday morning.
- NYMEX New York crude oil price for May term is affected by monthly changes. The last transaction on the exchange will be completed at 1:30 am on April 21 and the last transaction on the e-commerce platform will be completed on April 21st. Pay attention to the expiration notice. of the transaction location to control risk. Also, the expiration time of some US oil contracts on some exchanges is usually a day earlier than the official NYMEX, so pay more attention.
 
Currencies
MARKET VIEW

Weekly changes: EURUSD +0.80%, GBPUSD +1.12%, USDJPY -0.91%, AUDUSD +1.57%

The U.S. dollar headed for its worst weekly drop this year amid an extended retreat in Treasury yields. Investors were focused on the Federal Reserve's insistence of keeping an accommodative policy stance for a while longer. The dollar index, which tracks the greenback against six major peers, dipped to an almost one-month low.

Thanks to the broadly weaker dollar, the pound edged up, struggling to regain momentum after it was hurt by profit-taking at the start of the month. England reopened all retail, hairdressers, gyms and pub gardens while Scotland, Northern Ireland and Wales are due to reopen different sections of their societies in coming weeks.

The AUDUSD moved above the 0.77000 level this week after the nations monthly jobs report almost doubled the market's expectations. The March unemployment report showed that the Australian economy created 71,000 new jobs last month, one of the strongest monthly jobs numbers since the COVID-19 pandemic began. The unemployment rate also dropped by 0.2% from last month, taking the official unemployment rate down to 5.6%. Data also showed the Australian labour participation moving to a new record high of 66.3% during March.

KEY POINTS

The 10-year Treasury yield dipped to a one-month low of 1.52%, even after stronger-than-expected retail sales and employment data.

The U.S. economy is still far from making "substantial progress" toward 2% inflation and full employment toward the central bank's goals.

One of the biggest perceived risks to the 2021 recovery playing out in financial markets is a disorderly rise in U.S. yields.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
- US President Biden is ready to compromise on the infrastructure bill.
The US government reportedly will consider regulating crypto assets.
- The US State Department will begin updating travel alerts this week.
- OPEC + is discussing scaling down next week's meeting.
- Libya's crude oil production fell below 1 million barrels a day for the first time in months.
2️⃣ Notable facts and economic data today, China will announce the rate listed on the one-year loan market until April 20.
The Reserve Bank of Australia publishes the minutes of its April monetary policy meeting.
Apple holds a new product launch conference on Wednesday morning.
- NYMEX New York crude oil price for May term is affected by monthly changes. The last transaction on the exchange will be completed at 1:30 am on April 21 and the last transaction on the e-commerce platform will be completed on April 21st. Pay attention to the expiration notice. of the transaction location to control risk. Also, the expiration time of some US oil contracts on some exchanges is usually a day earlier than the official NYMEX, so pay more attention.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
Biden's tax doubling plan, taxes capital income up to 43.4% on the rich.
- European Central Bank maintains three main interest rates.
- The US House of Representatives voted for the act to list Washington, D.C. is the 51st state of the United States.
Senate Republicans propose a $ 568 billion infrastructure plan.
- The number of initial jobless claims in the United States last week continued to drop to its lowest level since March of last year.
- CME increases WTI crude oil contract margin.
The United States announced the first international climate finance plan in history.
- OPEC + The meeting next week will take place as originally planned.
2️⃣ Notable facts and economic data today
- In early European session, initial values of PMI production in Germany, France and Europe in September will be announced in a row.
- The US will publish the initial values of the Markit manufacturing and services PMI index in April.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past week:

1️⃣ The main news over the weekend
- New cases confirmed in India break a record one day for four consecutive days.
The Republican Party of the United States considers an infrastructure bill of $ 800-900 billion.
- The US Department of Health announces the continued use of the Johnson & Johnson vaccine.
- Immunization of the United States "enters a new phase".
Brazil's new April death toll hit its highest level since the outbreak.
- The Central Bank of Russia unexpectedly raised its key interest rate to 5%.
- New York City government sued a number of oil companies.
BlackRock, the world's largest asset management company, hits new highs.
2️⃣ Notable facts and economic data today
On Tuesday, the Bank of Japan will announce its interest rate decision, and the market hopes the central bank will keep interest rates unchanged.
On Wednesday, US President Biden spoke to a joint meeting of the two houses of Congress. At the same time, the 16th OPEC and non-OPEC ministerial meeting will also be held on Wednesday. The epidemic is showing signs of getting worse, investors should pay attention to whether OPEC + member countries are real. currently adjusts crude oil production or not.
- On Thursday, the Federal Reserve will announce a decision on interest rates, and the interest rate level is expected to remain unchanged. Investors are mainly concerned with the Fed's attitude towards monetary policy tightening and Powell's speech to see if there is a "clue" on debt tightening.
- On Thursday night, investors should also pay attention to the initial value of US GDP in the first quarter, which is expected to record 6.5%, much higher than the previous value of 4 , 3%.
On Friday, the US will release the core PCE price index annual rate for March, which is expected to hit a record 1.8%, compared with the previous value of 1.4%. . In addition, the FOMC permanent voting committee and the New York Federal Reserve President Williams will host the program hosted by the Economic Club of New York on Friday.
In addition, the Wall Street Journal citing FactSet data report that a total of 181 companies will announce their first quarter earnings this week.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
- Biden will announce plans for large-scale tax increases on Wednesday.
The US will make AstraZeneca's vaccine available to other countries.
- The latest US census shows that 7 Democratic states have fewer seats in Congress.
Demand for 2-year US Treasury bids is weak, but the 5-year tenor is better than expected.
- WHO says the number of new cases worldwide has increased for 9 consecutive weeks.
- WHO is expected to announce the results of evaluation of the two new Chinese vaccines in the next two weeks.
Thailand's sudden outbreak, Bangkok is considering whether to close the city or not.
- The EU announced that the Iran Nuclear Agreement Joint Committee will resume the meeting.
- Tesla has been profitable for seven consecutive quarters.
Apple plans to invest $ 430 billion in the US in 5 years.
2️⃣ Notable facts and economic data today
- This morning, the Bank of Japan will announce its decision on the interest rate and 10-year treasury bond yield target. The Bank of Japan is expected to maintain its short-term interest rate target at minus 0.1% and long-term interest rate target at around 0%.
 
🌈🌈Good morning! Happy new week with lots of energy, good work!
+ Check out the news of the past 24 hours:

1️⃣ Yesterday's main news
- GDP of the US in the first quarter increased by 6.4% compared to the previous quarter.
- The Fed's overnight reverse repurchase demand hit its highest level in a year.
- The US government issues a bond with a 0% yield for the first time in more than a year.
- Global gold demand reached 815.7 tons in the first quarter.
France confirmed the first new mutant coronavirus infection found in India.
2️⃣ Notable facts and economic data today
- The euro zone will publish the initial value of the first quarterly GDP annual rate, which is expected to record -2.0% and the previous value is -4.0%.
- Tonight, the United States will announce the annual rate of the core PCE price index in March, which is expected to hit a record 1.8%.
 

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