16.12.16

Good morning,

Asian markets were fairly quiet regards data tickers. There was nothing of note released in Japan, Australia or New Zealand overnight. NZDUSD trading at 0.7039 at time of writing. Sunday/Monday however will prove a bit more active no doubt, as New Zealand will look at the Westpac consumer survey for the fourth quarter, and Japan will look towards Trade Balance figures. The main event Sunday, specifically for the Yen, will be the Bank of Japan's Interest Rate Decision. USDJPY trading at 118.16 at time of writing.

In Europe this session we begin the day with German Wholesale Price Index figures for November, followed by the Business Climate for December out of France. There will be other minor data releases throughout the morning, HICP from Austria, PPI from the Czech republic, and Inflation data from Slovakia along with Italian Trade Balances. Then the Euro Zone will release Trade Balances for October, and their November Consumer Price Index for November. A steady growth rate is expected. EURGBP trading at 0.8397 at time of writing.

Across the Atlantic today there will be Housing Starts, and Building Permits data from the US along with foreign investment data released from Canada at the same time. USDCAD trading at 1.3326 at time of writing. Gold and Silver prices dropped to trade at around $1130 & $16 per ounce respectively. The Baker Hughes US Oil Rig Count will be published later in the session, with USOIL trading at around $51 per barrel at time of writing. Richmond Federal Reserve President Jeffrey Lacker is scheduled to give a speech later in the session.

I hope you all have a nice weekend.