11.03.15

Good morning,

Japanese Machinery Orders figures were out higher than had been expected, up 1.9% year on year vs. a 1% decline that had been priced in by forecasters. USDJPY trading at 121.34 Australian Home Loans fell by 3.5% for January. AUDUSD trading at 0.7619 The Reserve Bank of New Zealand will announce their updated Interest Rate decision in the next 24 hours. The rate currently stands at 3.5% and forecasters expect an unchanged figure.

The NIKKEI closed at 18723.52 up 58.41 points or 0.31%

In Europe today ECB President Mario Draghi speaks this session, with the Euro declining following last week’s announcement that the ECB will partake in Bond Buying until 2016. EURUSD trading at a level not seen since 2003 at 1.0657 at time of writing. British Industrial Production data is due out this session, with Swedish and Portuguese Consumer Price data also on the schedule for the European session.

The FTSE100 was trading at 6731.55 while the DAX was trading at 11608.65

In the US today we will see the MBA Mortgage Applications figures up to the beginning of this month. USOIL is trading at $49.80 with EIA Crude Oil Stocks Change data out this session. Tomorrow we will await the Retail Sales figures from February, and the Canadian Unemployment data is due this Friday. USDCAD trading at 1.2692

The DOW closed at 17662.94 dropping 332.78 points or down 1.85%

Hope you all have a nice day.