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Bloomberg reports that “the US presented allies with proposals to enable a peace deal between Russia and Ukraine, including an outline of terms to end the fighting and ease sanctions on Russia in the event of a lasting ceasefire”.

This follows the comments of US Secretary of State Rubio who said that they either get things done very soon or the US will move on to other matters.

US Vice President JD Vance is said to be optimistic on the chances of bringing the war to a close.

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This article was written by Giuseppe Dellamotta at www.forexlive.com.

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• China’s top legislature to meet on 27-30 April this month
• Japan Government: Economy recovering moderately but sees uncertainty from US trade policy
• ECB’s Muller: Near-term growth outlook is more challenging
• ECB’s Villeroy: Inflation risk from trade tensions seems weak and could even be downward
• US Rubio: We need to determine whether it’s possible to end the war in Ukraine
• What are the main events for today?
• Always remember that there’s two sides to the coin
• BOJ governor Ueda: Will raise rates if forecast of underlying inflation materialises
• FX option expiries for 18 April 10am New York cut

It’s Good Friday and with the markets closed, the session went by as you would expect: no movement. The FX and Crypto markets are open but it’s been a snoozefest all around.

We haven’t got any notable news throughout the session. The US Secretary of State Rubio just let everybody know that the US is going to move on if they don’t reach a Russia-Ukraine peace deal very soon.

A couple of ECB speakers repeated that the focus now switched to growth given the expected slowdown from the US trade policies and therefore rate cuts are justified considering also the stronger euro and progress on the inflation front.

The American session will probably be as boring given that we don’t have anything on the agenda other than Fed’s Daly speech.

Have a nice weekend and Happy Easter to those who celebrate!

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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• Will step up counter-cyclical adjustment.
• Will strive to stabilise employment, foreign trade.
• Will boost consumption, domestic demand.
• Will encourage companies to actively stabilise employment.
• Will support foreign companies to reinvest in China.
• Will continue to stabilise stock market.
• WIll continue to promote stable and healthy development of property market.
• Will boost service consumption in elderly care, childbirth, culture and tourism.
• Will boost enthusiasm of private investment.

There’s nothing here that we haven’t already heard.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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