05.04.16

Good morning,

The Reserve Bank of Australia left Interest Rates unchanged when released overnight. As expected the rate was left at 2% AUDUSD trading at 0.7532 at time of writing. Japanese Labor Cash Earnings grew by 0.9% year on year till February, higher than the 0.2% expected. USDJPY trading at 110.40 at time of writing. New Zealand announced their ANZ Commodity Price and NZIER Business Confidence figures which both missed expectations. NZDUSD trading at 0.6766 at time of writing.

In Europe today Markit Services PMI and PMI Composite figures were released throughout the morning session for Spain, Italy, France, Germany, the Euro Zone and the UK. Either side of these saw German Factor Orders figures and Euro Zone Retail Sales announced. EURUSD trading at 1.1355 while EURGBP was trading at 0.7987 Tomorrow the ECB Non-monetary policy meeting takes place.

In the US today we will look firstly at Trade Balance figures for February along with Canadian International Merchandise Trade figures for the same month. USDCAD trading at 1.3145 at time of writing. USOIL has dropped to $37.57 per barrel GOLD trading around $1232 per ounce. FOMC meeting minutes on the calendar tomorrow. Redbook Index and Markit numbers out of the US also this session, as are the ISM Non-Manufacturing figures.

I hope you all have a nice day.