14.12.16

Good morning,

Japan released their Tankan Manufacturing data figures for the third quarter, which came out slightly lower than expected. Their Industrial Production was also lower than forecast. USDJPY trading at 115.07 at time of writing. In Australia the Westpac Consumer Confidence survey for December was out, with a 3.9% drop in the report. New Motor Vehicle Sales also fell in November. AUDUSD trading at 0.7499 at time of writing.

In Europe this session we will see Consumer Price Index data from France, Inflation figures from Slovakia, Producer and Import Prices out of Switzerland, Italian CPI and Unemployment data out of the United Kingdom, before Industrial Production figures will be released for the Euro Zone and the ZEW Survey Expectations will be published by the Centre for European Economic Research. EURCHF trading at 1.0752 at time of writing.

Today we will see the important Federal Reserve Interest Rate decision, with most market analysts forecasting an increase in the base funds rate. Before we get to the Fed decision we will see November retail sales figures, and Producer Price Indices along with Capacity Utilization figures for November and Business Inventories for October. EURUSD trading at 1.0629 at time of writing. The EIA Crude Oil Stocks change will also be published this session, with USOIL trading at $52.40 per barrel at time of writing.

I hope you all have a nice day.