17.02.16

Good afternoon,

Across the Atlantic today Wall Street will see MBA Mortgage Applications for February. Housing Starts and Building Permits for January along with the Producer Price Index for the same month. Canada at the same time will be looking at foreign investment figures both locally and internationally. USDCAD trading at 1.3831 The Redbook Index, Industrial Production and Capacity Utilization figures all lead into the FOMC Meeting Minutes. This is the main event this week and the markets will most likely be quite volatile around this event. EURUSD trading at 1.1142 The API Weekly Crude Oil Stock is due to be announced this session. OPEC also have meetings scheduled. Speculation is that OPEC will try to curtail Iranian production by offering them favourable terms in order to stabilize the declining oil price. USOIL trading at $31.84 per barrel.

I hope you all have a nice day.