During today’s early trading session, Tokyo stocks traded higher after Japanese data showed that yearly Core Machinery Orders had risen by 1.9%. This is a key indicator of manufacturing production and investments. The Nikkei share average was up by 0.31%, closing at 18,723. Following the release of the Australian monthly Home Loans showing a decline of 3.5%, the AUD traded lower against the Dollar, furthermore, China also released negative data including the yearly Industrial Production and Fixed Asset Investment pushing down the Hang Seng Index 0.75%.
During the European session the Euro continued to decline against the Dollar, and reached its lowest level since 2003 as investors took refuge in stocks due to the ECB’s 1.1 trillion bond buying program. France’s CAC 40 rallied 1.81%, DAX is up by 1.8% and FTSE 100 slightly up by 0.13%. The GBP reached 5 week lows against the Dollar following the release of negative UK data showing that both the Manufacturing and Industrial Production had declined during the month of January.
During early U.S. trade, the Dollar reached record highs as expectations that the Fed is to raise interest rates mid year, recent positive data supported sentiment over the improvement of the U.S. economy. Rate hikes, could push Gold down over the long term and maintain the strength of the Dollar against a basket of major currencies.
Todays Main Events (GMT)
05:30 – CNY – Industrial Production (YoY) (Feb)
06:30 – EUR – French Non-Farm Payrolls (QoQ) (Q4)
08:00 – EUR – ECB President Draghi Speaks
09:30 – GBP – Industrial Production (MoM) (Jan)
09:30 – GBP – Manufacturing Production (MoM) (Jan)
13:00 – EUR – ECB’s Nowotny Speaks
15:00 – GBP – NIESR GDP Estimate
17:00 – USD – 10-Year Note Auction
18:00 – USD – Federal Budget Balance (Feb)
20:00 – NZD – Interest Rate Decision
20:00 – NZD – RBNZ Rate Statement
20:05 – NZD – RBNZ Gov Wheeler Speaks
23:50 – JPY – BSI Large Manufacturing Conditions (Q1)
23:50 – NZD – Tertiary Industry Activity Index (MoM)
March 11, 2015- Daily Market News
During today’s early trading session, Tokyo stocks traded higher after Japanese data showed that yearly Core Machinery Orders had risen by 1.9%. This is a key indicator of manufacturing production and investments. The Nikkei share average was up by 0.31%, closing at 18,723. Following the release of the Australian monthly Home Loans showing a decline of 3.5%, the AUD traded lower against the Dollar, furthermore, China also released negative data including the yearly Industrial Production and Fixed Asset Investment pushing down the Hang Seng Index 0.75%.
During the European session the Euro continued to decline against the Dollar, and reached its lowest level since 2003 as investors took refuge in stocks due to the ECB’s 1.1 trillion bond buying program. France’s CAC 40 rallied 1.81%, DAX is up by 1.8% and FTSE 100 slightly up by 0.13%. The GBP reached 5 week lows against the Dollar following the release of negative UK data showing that both the Manufacturing and Industrial Production had declined during the month of January.
During early U.S. trade, the Dollar reached record highs as expectations that the Fed is to raise interest rates mid year, recent positive data supported sentiment over the improvement of the U.S. economy. Rate hikes, could push Gold down over the long term and maintain the strength of the Dollar against a basket of major currencies.
Todays Main Events (GMT)
05:30 – CNY – Industrial Production (YoY) (Feb)
06:30 – EUR – French Non-Farm Payrolls (QoQ) (Q4)
08:00 – EUR – ECB President Draghi Speaks
09:30 – GBP – Industrial Production (MoM) (Jan)
09:30 – GBP – Manufacturing Production (MoM) (Jan)
13:00 – EUR – ECB’s Nowotny Speaks
15:00 – GBP – NIESR GDP Estimate
17:00 – USD – 10-Year Note Auction
18:00 – USD – Federal Budget Balance (Feb)
20:00 – NZD – Interest Rate Decision
20:00 – NZD – RBNZ Rate Statement
20:05 – NZD – RBNZ Gov Wheeler Speaks
23:50 – JPY – BSI Large Manufacturing Conditions (Q1)
23:50 – NZD – Tertiary Industry Activity Index (MoM)
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