Previous Trading Days Events 12.04.2024

The University of Michigans preliminary reading on the overall Consumer Sentiment index was reported low, at 77.9 this month, compared to a final reading of 79.4 in March. Inflation expectations for the next 12 months and beyond increased as a survey showed on Friday.

Overall, consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy, said Surveys of Consumers Director Joanne Hsu in a statement.

Oneyear inflation expectations increased to 3.1 in April from 2.9 in March, rising just above the 2.33.0 range seen in the two years before the COVID19 pandemic. The surveys fiveyear inflation outlook rose to 3.0 from 2.8 in the prior month.

Source httpswww.reuters.commarketsususconsumersentimentslipsaprilinflationexpectationsrise20240412

Winners vs Losers

The new week starts with Silver on the top. Silver remains in the lead this month with 13 gains so far. JPY seems to lose a lot of ground against major currencies currently.

News Reports Monitor Previous Trading Day 12.04.2024

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Midnight Night Session Asian

No important news announcements, no special scheduled releases. 

Morning Day Session European and N. American Session

Real gross domestic product GDP is estimated to have grown by 0.1 in February 2024, following growth of 0.3 in January 2024…