Mar 23


  • BY: Nati
  • March, 23rd, 2016 7:55 +00:00

Good morning,

Yesterday we saw the markets react to events as they were unfolding in Brussels, with European equities and the British Pound faring the worst in the aftermath. The GBP sold off as the market understands that this will increase chances for the Brexit from the European Union. Brussels hosts the official seats of the European Commission, Council of the European Union, and European Council, as well as a seat of the European Parliament. Very little data from the Australasian region overnight. AUDUSD trading at 0.7621 while USDJPY trades at 112.35 at time of writing.

AUDUSDecnDaily 23.03.16USDJPYecnDaily 23.03.16

This session in Europe as the markets come to terms with yesterday's disruptions in Belgium this Easter week Swedish Consumer confidence figures for March were released. Italian Wage Inflation figures for February and the Swiss ZEW Survey figures for March will be announced before the SNB Quarterly Bulletin is published. EURCHF trading at 1.0917 while EURGBP was trading at 0.7986 with Retail Sales figures out of the UK on tomorrow's agenda.

EURCHFecnDaily 23.03.16EURGBPecnDaily 23.03.16

The US session finished yesterday with the API Weekly Crude Oil Stock out at 8.7M from 1.5M previously. The EIA Crude Oil Stocks change will be released this session. USOIL trading at $41.19 MBA Mortgage Applications for March and New Home Sales data for February will look at the housing market in the United States. Canadian home buying by foreign investors is to be investigated with half a million dollars spent on the investigation amid fears of a housing bubble increasing with the steady increase in housing prices. Other housing measures announced in the budget include CAD$2.3 billion over two years for affordable housing. USDCAD trading at 1.3097 at time of writing.

EURUSDecnDaily 23.03.16USDCADecnDaily 23.03.16

I hope you all have a nice day.