17.03.16

Good morning,

Post FED Interest Rate decision and press conference with Janet Yellen yesterday we saw the USD drop against a basket of currencies after the decision only to forecast two rate hikes for 2016 from the previous 4 rises forecast. Following Bank of Japan mention of negative interest rates the JPY still gained against the USD in light of Yellen's Interest Rate stick. USDJPY trading at 111.80 Australian Unemployment fell to 5.8% and the Aussie strengthened. AUDUSD traded up to a level not seen since July of last year and was trading at 0.7627 at time of writing.

In Europe this session we will get the updated SNB Interest Rate decision. EURCHF trading at 1.0979 Swiss Producer Price Indices will be out ahead of the Interest rate announcement. Sweden's Unemployment figures and Norwegian Interest Rate decision will be out, as will Italy's January Trade Balance before the Euro Zone Trade BAlance figures and Consumer Price Indices for February. The Bank of England will then announce voting and Interest Rate along with Asset Purchasing. EURGBP trading at 0.7895

Across the Atlantic today we will get Jobless Claims figures for March along with the Philadelphia Fed manufacturing Survey. Canadian Wholesales figures for January will also be out this session. USDCAD trading at 1.2999 at time of writing. USOIL trading at $40.88 per barrel with GOLD trading at $1266 per ounce seeing a $30 jump following the FED rate decision yesterday.. EURUSD trading at 1.1272 Looking ahead to tomorrow we would see Loonie volatility due to Consumer Price Index figures scheduled.

I hope all have a nice day.