Mar 09


  • BY: Nati
  • March, 09th, 2016 8:09 +00:00

Good morning,

New Zealand's Electronic Card Retail Sales figures for February were out and increased use was apparent. NZDUSD trading at 0.6727 with the RBNZ Interest Rate decision in the coming Asian session. The rate is expected to remain unchanged at 2.5% Australian Home Loans for January fell by 3.9% A drop of just over 2% had been expected. The Westpac Consumer Confidence Index also fell. AUDUSD trading at 0.7437 Japanese Machine Tool Orders were out at -22.6% year on year, from -17.2% previously. USDJPY trading at 112.50 at time of writing.

NZDUSDecnDaily 09.03.16USDJPYecnDaily 09.03.16

In Europe this session the main data for the session will come from the UK. British Manufacturing and Industrial Production figures will be released this session. EURGBP trading at 0.7734 The DAX was trading at 9725 shortly after the session opened. ECB Interest Rate decision coming tomorrow with the rate currently set at 0.05% CABLE trading at 1.4185 with the so called Brexit still weighing down the Pound.

GBPUSDecnDaily 09.03.16EURGBPecnDaily 09.03.16

Across the Atlantic we first look towards the MBA Mortgage Applications figures out of the US before Wholesale Inventories for January will be released at the same time as the Canadian Interest Rate decision. The rate is expected to remain at 0.5% Should any deviation take place the CAD could prove to be highly volatile. USDCAD trading at 1.3422 while EURUSD was trading at 1.0982 at time of writing. USOIL trading at $38.20 per barrel while GOLD trades at $1258 per ounce.

USDCADecnDaily 09.03.16EURUSDecnDaily 09.03.16

I hope you all have a nice day.