 Gweithio gweithio'n dweudio'r oed, gyda'r 10 mai, rydyn ni Patrick Munley. Mae'r gweithio yma yn amlwg i'r rheswm yn ynnu ar gyfer yng Nghymru, yn ysgrifennu'r Cymru yn ymddangos yma ar gyfer y byd, yn ymdweud hynny'n gwneud yn ysgrifennu'r gweithio'r cyd-degi yng nghymru, a chyfwys yma yw'r cyffredin i'w ddechrau. A o ran, mae'r ddaeth gwybod yn ei wneud yw'r drwy gwaith cyfwys. Felly, mae'n cyfwys ychydigr ymgyrch yn gwybod yn ymgyrch gyda'r acerwyddiad gan y rhywbeth yw'r bod yn y ddaeth gweithio'r hyn yn y dyfyrdd ymgyrch. Llywodraeth yn dweud o dwylo bod yn f charging the lower share off that will be the highlight of the week with economists expecting headline CPI to come in at 3.7% year-on-year. The jump in inflation is largely expected by markets and may fail to drive a big change in the Fed's rate expectations. Also considering the lack of signs that the Fed is ready to react to higher inflation just yet. Felly, os yw'r negatif, niw, yn gweithio'r negatif, nafnwch, maen nhw'n gwneud yn ffyrdd o'r gwrthod, oedd yna'r gweithio'r ffyrdd yn y U.S. wedi'i gweithio'r $41b yn yr awrfyrd trexoriau teniol, sy'n cyfnodol yw'r cyfnodol, a'r rhai gyrwch yn cyfnodol o'r gweithio. ond, fel y bod y dweud o'r bobl yn cyfnod o'r rhesilio, mae'n ddysgol yn rhan o'r ddweud o'r ddweud ydw i'r ddweud o'r ddweud. Felly, o'r ddweud o'r ddweud, mae'r ddweud o'r ddweud yn gweithio o'r ddweud, mae'n ddweud o'r ddweud o'r ddweud, yn y 30 yma. Rwy'n meddwl i'n meddwl i'r ysgrifennu o'r 8965. Ond di яrddi simplified ni hefyd yma vo'n meddwl y g дрwgarol yw bobl ychydigol, wedi As the soft dollar environment is set to spill into the week ahead, the upside pressure on Euro may remain in place. It is very quiet week on the Eurozone data front, both the May German ZEW on Tuesday and March Industrial Production on Wednesday should have limited impact on the Euro, meaning the EuroDollar direction will largely be driven by the wider dollar story. While the April US CPI should sort of 4% year on year, the latest non-farm payroll supports the Fed's wait-and-see approach. The outlook for the EuroDollar is clearly improving. The Eurozone data should rebound as we get into the summer, while the speculation about the ECB QE tapering is growing. Coupled with the general soft dollar environment, this points to further upside for the EuroDollar. From a technical perspective, now that we've taken out that trendline resistance at the 121.17, 121.20 area, I anticipate now that we trade up into get a test of 122.47, may see a pullback from there, but if we don't find sellers there then we look for a retest of price up into 123.40 and then on to monthly range resistance 124.16. While a decisive downturn by the dollar on Friday pushed Dulley and lower, the Yen has been the smallest beneficiary of the dollar weakness last week due to its inverse correlation to risk appetite. In the week ahead the Treasury auction and US CPI will keep investors heavily focused on rates dynamics with the Yen's short-term outlook staying heavily tied to the US bond yield. A continuation of the goods momentum in global equities along with risk of US yield starting to tick back up may see the Yen's still unable to enter a steady appreciation trend for now. Data-wise it's going to be a pretty quiet week in Japan with only data for March in focus, trade data sorry for March in focus. From a technical perspective if we can hold the 108.15, I like the upside here in the Dulley Yen to test the 110.46 however if we fail to hold trend line support at the 108.10 look for a retest of monthly range support down to the 106.40 area. Should be a calmer week for Stirling after the BOE meeting and the Scottish elections last week the BOE tapering announcement had a muted impact on Stirling as the reduction in the pace of purchases wasn't overly aggressive while the full Scottish election results are still being decided any negative impact on Stirling should be limited even if the pro-independence parties win which looked pretty unlikely at the moment as another Scottish independence referendum is now seen to be taken off the table or at the very least being years away at best. So technically what we're looking for now is some strength in Stirling I think on the latter the main focus of the week in terms of data is going to be the first quarter reading of GDP on Wednesday this should be a solid 1.5% year over year which is considerably less bad than feared given the Brexit disruption and the strict lockdown as March activity was strong due to the combination of schools returning and healthy month for retail. This should further underscore the prospects of a strong recovery in the second quarter and be supportive of the PAM so from a technical perspective whilst we hold the lows now at 137.93 I look for a test of monthly range resistance at 141.38 if we can get through there then we look for a retest of prior highs 142.40 and then on to test the pivotal 144 area and finally in Australia the Reserve Bank of Australia reiterated a firmly dovish tone at its May policy meeting while positioning till July is still a decision on whether shifting its yield curve control target bomb from April 2024 to November 2024 with inflation having proven to be still rather subdued surging house prices were considered by some as a potential driver for a less dovish tone by the bank however Deputy Governor Guy De Bell may clear that the RBA is not concerned about this factor now actually seeing it as a welcome sign of return to normality all this suggests the Aussie dollar is set to remain the lowest yielding commodity currency for longer but also that there is probably only room to go up from now to the very low rate expectations this should not happen in the short run however when no key data releases are due before the jobs report on the 20th of May instead some focus will likely be on the Australia-China relationships as tensions still fail to abate barring any trade-related retaliation by China and the Australian government's budget announcement possibly offering some extra support the Aussie should remain firmly attached to risk sentiments so whilst we trade through the 75 sorry 78 50 level we look for a test of range support monthly range resistance sorry 79 60 and then on to test price at the 80 cent level may see some back and filling then but ultimately we're looking for higher prices in the Australian dollar and that concludes the weekly market outlook for week commencing the 10th of May as always join me on Thursday at 1 pm UK time for live trade analysis of of over 20 instruments and and as always traders best of luck for the week ahead