10.03.16

Good morning,

Chinese Consumer Price Index figures released overnight beat expectations slightly. The Reserve Bank of New Zealand unexpectedly decreased Interest Rates by 25 basis points to 2.25% leading to a sell off of the NZD NZDUSD trading at 0.6643, and AUDNZD trading at 1.1230 Japanese Domestic Cooperate Goods Price Index figures for February were in line with expectations, while Foreign Bond Investment increased, but Foreign Investment in Japanese stocks continued to decline.

The ECB Interest Rate decision will be the main talking point in the financial markets today. Rates are expected to remain at 0.05% German Trade Balance figures fell below expectations. France's Industrial Output was up in December according to the most up to date figures released this morning. Danish CPI and Inflation figures were out along with Spanish Retail Sales figures this session. Italian Unemployment data and Norwegian Inflation and CPI figures will precede the European Central Bank rate release and discussions. EURGBP trading at 0.7710 with EURCHF trading at 1.0943 at time of writing.

Canada left their Interest Rate unchanged and the Loonie gained ground. USDCAD trading at 1.3251 Canada will announce Capacity Utilization for the 4th quarter along with with New Housing Price Index figures for January. Jobless Claims figures out of the US and February's Monthly Budget Statement are on the agenda from Wall St. EURUSD trading at 1.0968 Canadian Unemployment data out tomorrow could have a halting or acceleration affect on the Loonie depending on the figures. The rate is expected to remain unchanged at 7.2%

I hope you all have a nice day.