1️⃣ Yesterday's main news
- Gold has a strong momentum when supported by psychological fear of increasing inflation when commodity prices rise to new highs, along with bond yields, making the Dollar fall again.
- The Fed's financial stability report warns many market risks.
- World Gold Council: Global gold ETF continues to flow out in April.
- Merkel objected to the patent exemption for the Covid19 vaccine.
- Bank of England sharply increased economic expectations, revealed the time to raise interest rates.
- Chairman of the US Securities and Exchange Commission said to improve the transparency of short selling transactions.
2️⃣ Facts and important data today
Regarding economic data:
- Today, China will have April Caixin Service PMI.
- Today the US will announce the seasonally adjusted unemployment and nonfarm employment population in April. Market expect that the data will add 978,000 new jobs in April. , up from 916,000 previously.
Regarding central banks' statements:
Today, the Reserve Bank of Australia will release a monetary policy statement.
Today, the President of the European Central Bank Lagarde will deliver a speech.
Today , the Deputy Governor of the Bank of England Broadbant and Chief Economist Haldane delivered a speech.
Today, the FOMC voting committee and Fed Chairman Richmond Barkin will deliver a speech in 2021.
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