20.12.16

Good morning,

The Bank of Japan left monetary policy unchanged, with their Interest Rate still at -0.1% which had been widely forecast. USDJPY trading at 117.88 at time of writing. Australian Reserve Bank meeting minutes were also published overnight. AUDUSD trading at 0.7261 at time of writing. New Zealand Trade Balance figures and Visitor Arrivals will be released in the coming session.

In Europe today the session starts with Producer Prices out of Germany along with Finnish Unemployment and Swiss Trade Balance figures. EURCHF trading at 1.0683 at time of writing. The Euro Zone will look towards the Current Account for October, while both Hungary and Turkey will see if their respective Central Banks will adjust Interest Rates. Their current rates are set at 0.9% and 8% respectively.

In the United States today there will be very little data of note scheduled for release, but this is generally the case in the final days leading into the holidays around this time of year. The Redbook Index and the API Weekly Crude Oil Stock will be the main data on the agenda today. Wholesale Sales figures for October will be released in Canada. USDCAD trading at 1.3413 at time of writing. GOLD was trading at around $1134 per ounce, while USOIL was trading in the region of $53 per barrel.

I hope you all have a nice day.