Although this week started quiet due to the Easter holiday, it ended with a loud bang! Since Wednesday, there have been at least three first level events on the calendar every day. Yesterday, we received better than expected data from the Australian job market, weaker than expected GDP from the UK, and a decline in the US dollar PPI.

Today, the most important figure will be retail sales from the United States, expected to decline by 0.4%. In addition, we will also receive consumer confidence indices for industrial production and preliminary measurement units from the United States. The mid-term trend seems to have been established, and it will be interesting to see if macro data allows them to continue, or if we will see some kind of correction.

So, what is the current trend? The dominant currency is the weakening US dollar. At the end of the Asian session, the euro hit a long-term high against the US dollar and the US dollar hit a new low against the Canadian dollar. We can also see the strength of the opposing currency pairs, especially yesterday when they all rose by over 1%. The euro has also performed quite well, rising against almost all major currencies.

A clear trend can also be seen in the index. Wednesday may seem like the first step in bearish correction, but Thursday brought us a strong rise, almost offsetting Wednesday's decline. Stock traders are still bullish, and the index is currently hovering at medium to long-term highs.

Regarding commodities, traders have a bullish feeling. Yesterday, gold successfully reached a new high, below $2050 per ounce. Wednesday's oil prices were better than Thursday because we saw a correction yesterday. However, the correction was quite smooth, so positive emotions surrounding oil still exist.