Market Insights Podcast – Pause in oil rally, UK and Japan inflation, China Q1 GDP are the focus for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the possible scenarios on the trajectory oil prices after its 13% rally seen in the past month amid geopolitical tensions in Middle East with fears of tic-for-tact retaliation moves between Israel and Iran.

Secondly, the adverse impact on rising oil prices towards risk assets such as global stock indices via the conduit of higher cost of funding through a higher US 10-year Treasury yield that surpassed a key 4.50% technical level last week. Thirdly, potential escalation of a currency war via a weakening Chinese yuan to drive China’s export growth if Q1 GDP, retail sales, and industrial production for March disappoints.

Lastly, UK and Japan’s inflation data for March to take note; especially in light of a significant weakening of the JPY the plummeted to a 34-year low against the US dollar.

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.