Market Notes:
New Zealand’s Interest Rate has left unchanged at 2.50% as expected and the dovish comments of RBNZ had this effect and weakened the NZD. Today we have a Swiss decision at 12:00. As a result of the recently published data it is however likely to adjust SNB’s inflation and economic outlook slightly upwards.
The final UK budget for the fiscal year 2010/11 will be presented on 24th March. Weak economic data such as yesterday’s industrial production are therefore particularly uncomfortable. As a result the period of weakness in GBP is likely to continue and the 0.9150 mark in EUR-GBP is likely to be re-challenged.
Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Yesterday
AU Home Loans: -7.9% vs. 2.1% exp.
Chinese Trade Balance: 7.6B as exp.
UK Manufacturing Production: -0.9% vs. 0.3%.
NZ Interest Rate Statement: 2.50% as exp.
TODAY
AU Unemployment Rate: 5.3% as exp.
Chinese Industrial Production: 12.8% vs. 19.5% exp.
Swiss Interest Rate Statement at 13:00.
Canadian Trade Balance at 13:30.
US Trade Balance at 13:30.
US Unemployment Claims at 13:30.
NZ Retail Sales at 21:45.
Tomorrow
Canadian Unemployment Rate at 12:00.
US Core Retail Sales at 13:30.
US Consumer Sentiment at 14:55.
Good Day!!!
“Trends for today” is presented by Danny Spivak
Disclaimer
None of the information contained herein constitute an offer to purchase or sell a financial instrument, or to make any investments. Finexo does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information nor for any loss arising from any investment based on a recommendation, forecast or other information supplied from any employee of Finexo, third party, or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of Finexo
Written by Finexo.com