Welcome to our look back at the previous month and a look ahead to what we might expect to see throughout May and beyond.
The main market drivers in April were pretty much the same as March, with a shift toward COVID vaccine programs, which are working better in some economies than others. This has seen notable gains in instruments like WTI, Brent Crude, Stock Indices and EUR.
USD Weakness and Bad COVID News from India
Europe looks like it is finally catching up on its vaccine deficiencies, and there is talk of boosting travel and tourism with vaccinated visitors, however, some economies are still in lockdown.
The US Executive Branch and Congress will be debating and negotiating a massive infrastructure plan into the next few weeks and months, which will affect the USD as we move forward.
Another major concern, which reared its head in April and will continue for months to come, is the dreadful situation with COVID infections in India. This is not only a humanitarian tragedy, it may turn out to be an economic tragedy.Read More