Ireland Consumer Confidence dipped from previous 56.7 to 53.3 in April

OCBC strategists Sim Moh Siong and Christopher Wong notes USD/IDR has turned lower with the broader US Dollar (USD) pullback, but says recent Indonesian Rupiah (IDR) softness reflects external uncertainty from a potential prolonged United States (US)–Iran conflict and vulnerability to energy shocks.

DBS Group Research economists Byron Lam and Daisy Sharma highlight that China’s 1Q 2026 real Gross Domestic Product (GDP) rose to 5.0% year-on-year from 4.5% in Q4 2025, supported by strong external demand but uneven domestic momentum.

OCBC strategists Sim Moh Siong and Christopher Wong describe USD/SGD as slipping on broad USD weakness and expects two‑way, range‑bound trading in the near term, with resistance around 1.2780–1.2850 and support near 1.2720–1.2670.

TD Securities analysts expect Canada’s Spring Economic Update to show a CAD 60 billion deficit over 2026–27, slightly better than the prior budget shortfall.

Standard Chartered strategists Christopher Graham and John Davies highlight that growing labour market slack and fragile domestic demand should limit second-round inflation effects in the United Kingdom (UK).

United States 7-Year Note Auction: 4.175% vs previous 4.255%

United Overseas Bank’s Alvin Liew reports the Bank of Japan (BoJ) left its policy rate at 0.75% but signalled that the next move will be a hike as underlying inflation nears target and real rates stay very low.

TD Securities strategists Oscar Munoz and Eli Nir argue that new inflation tools championed by incoming Fed Chair Kevin Warsh, including trimmed mean measures and a potential big-data price project, will not materially alter the policy outlook.

Consumer sentiment in the United States (US) improved slightly in April, with the Conference Board's (CB) Consumer Confidence Index rising to 92.8 in April from 92.2 in March.

United States Richmond Fed Manufacturing Index above expectations (-4) in April: Actual (3)

Societe Generale analysts note Brent has rallied above $110 per barrel, with negotiations over Iran focused on restoring the status quo and reopening the Strait of Hormuz.

In a post published on Truth Social on Tuesday, United States (US) President Donald Trump said that Iran has just informed them they are in a "stat of collapse."

TD Securities analysts highlight that the European Central Bank (ECB) Consumer Expectation Surveys showed a notable upside surprise in 1-year and 3-year inflation expectations.

The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global energy market.

United States Housing Price Index (MoM) came in at 0% below forecasts (0.2%) in February

United States S&P/Case-Shiller Home Price Indices (YoY) down to 0.9% in February from previous 1.2%

United States Redbook Index (YoY) climbed from previous 6.7% to 7.7% in April 24

Danske Bank’s Danske Research Team notes that the Bank of Japan (BoJ) kept its policy rate at 0.75% with a closer 6-3 vote, reinforcing expectations for a potential June or summer hike.

Antje Praefcke at Commerzbank discusses the likely confirmation of Kevin Warsh as new Fed Chair in May, potentially succeeding Jerome Powell by mid‑month.

United States ADP Employment Change 4-week average dipped from previous 54.8K to 39.3K in April 4

Societe Generale analysts expect no change by the MNB today at 6.25% and describe EUR/HUF extending its decline after failing above the 200‑day moving average in March, with an interim low near 360.

Standard Chartered strategists Christopher Graham and John Davies expect the Bank of England (BoE) to keep the base rate at 3.75% at the 30 April meeting, with a prolonged pause through this year.

United States (US) State Secretary of Energy Chris Wright said during the European trading session on Tuesday that President Donald Trump is focused on getting the right deal with Iran.

India Industrial Output below expectations (4.2%) in March: Actual (4.1%)

India Manufacturing Output fell from previous 6% to 4.3% in March

India Cumulative Industrial Output remains unchanged at 4.1% in March

Commerzbank’s Michael Pfister expects an uneventful Hungarian National Bank (MNB) meeting, with all surveyed economists and market pricing pointing to unchanged rates over the next six months.

ING’s Warren Patterson raises ICE Brent forecasts as prolonged disruption through the Strait of Hormuz persists and peace talks between the US and Iran stall.

Italy Producer Price Index (MoM): 4.4% (March) vs -0.4%