* Ford announces better than expected Q1 results.
* Durable good orders fall 0.8% in March beating consensus forecasts for a fall of 1.5%. February’s figures though were revised lower by 1.4%.
* New Home Sales for March beats forecasts at 356k. February’s report was revised higher to 358k. Inventories fall by a record amount.
* Federal Reserve announce stress test criteria. Banks have adequate capital but buffers needed.
Eur/Usd given an early boost in the London session by the better than expected IFO survey, continued its march higher into the NY session as Ford beat Q1 estimates. Eur/Usd managed to hit 1.3300 before settling back to 1.3250.
Thanks to all the readers and commentators this week. Back over to Jamie next week. Have a wonderful weekend.
