Global markets continue to surge with confidence, enthused by the lack of inflation, on both sides of the Atlantic. Trade deals have been made and the new global trading environment is looking settled. Markets love certainty and they are getting it. The new trading system is achieved by tariff threats but will open many markets and only encourage global growth through trade. German inflation remained flat, at 2%, but is achieved through recession rather than fiscal and monetary achievement. The USD continues to drift, with the EUR regaining 1.1700, while the GBP surged to 1.3570.The weaker reserve allowed for further gains in commodity currencies, with the AUD consolidating above 0.6500, while the NZD looks to regain 0.6000. Local markets will look closely at the Australian employment data, while the UK releases important GDP growth, Industrial and Manufacturing data.
