12.04.16

Good morning,

Asia was quiet last night regards data released with just Japan's Bank Lending figures year on year up until March growing by 2.0%, falling slightly from the 2.2% increased last year. USDJPY trading at 108.31 Japanese Machine Tool Orders fell by over 20% year on year for the second year in a row. Down under the National Australia Bank's Business Conditions and Business Confidence figures were both positive. AUDUSD trading at 0.7622 at time of writing.

In Europe this session we start off with German Consumer Price Index and Wholesale Price Index figures all coming out in line with expectations. A range of figures coming out of the UK later this morning will include Retail Price Index and the DCLG House Price figures for March along with Producer and Consumer Price Index figures for the same month. EURGBP trading at 0.8002 at time of writing while GBPUSD was trading at 1.4276 Portuguese Consumer Price Index data will be the last European data released this session.

Across the Atlantic today we will look at the Import and Export Price Indices will get Wall Street started for the US session, with the Redbook Index shortly after the open. March's Monthly Budget Statement will be out before Fed Member Dudley is scheduled to speak. There has been recent chatter that the FED is looking to hike Interest Rates at the June meeting. EURUSD trading at 1.1431 at time of writing while USDCAD was trading at 1.2879

I hope you all have a nice day.