During today’s early trading session, Asian stocks were mixed as investors await Japan’s Monetary Policy statement later this evening, traders will listen closely for clues on the outcome of future interest rate decisions. The Nikkei share average was little changed after investors made gains from recent 15 year peaks, the Index closed slightly lower by 0.04% and the Hang Seng Index was up by 0.53% and closed at 23,949.
During the European session, the EUR/USD is trading with bullish sentiment and retreating from 12 year lows, on Friday the pair dropped to 1.046 as expectations for an interest rate hike boosted demand for the Dollar. Traders are now awaiting ECB’s President Draghi’s speech at 18:45 GMT, traders will listen closely to his remarks for any clues on future monetary policy.
During early U.S. trade, the Dollar Index slipped lower after U.S. data showing that NY Empire State Manufacturing Index showed a lower than expected figure of 6.90, furthermore, the Industrial Production for February rose by 0.1%, lower than the forecasted figure of 0.2%, in turn these negative reports pushed up the price of Gold in volatile trade, and is currently testing resistance at $1,159/ounce. On Wednesday the U.S. Federal Open Market Committee statement will take place, this a key event for investors as it discusses interest rate decisions and factors affecting the economic outlook.
Todays Main Events (GMT)
08:15 – CHF- Retail Sales (YoY) (Jan)
08:15 – CHF – PPI (MoM) (Feb)
12:30 – USD – NY Empire State Manufacturing Index (Mar)
12:30 – CAD – Foreign Securities Purchases (Jan)
13:15 – USD – Industrial Production (MoM) (Feb)
14:00 EUR – ECB’s Costa Speaks
18:45 – EUR – ECB President Draghi Speaks
20:00 – USD – TIC Net Long-Term Transactions (Jan)
March 16, 2015- Daily Market News
During today’s early trading session, Asian stocks were mixed as investors await Japan’s Monetary Policy statement later this evening, traders will listen closely for clues on the outcome of future interest rate decisions. The Nikkei share average was little changed after investors made gains from recent 15 year peaks, the Index closed slightly lower by 0.04% and the Hang Seng Index was up by 0.53% and closed at 23,949.
During the European session, the EUR/USD is trading with bullish sentiment and retreating from 12 year lows, on Friday the pair dropped to 1.046 as expectations for an interest rate hike boosted demand for the Dollar. Traders are now awaiting ECB’s President Draghi’s speech at 18:45 GMT, traders will listen closely to his remarks for any clues on future monetary policy.
During early U.S. trade, the Dollar Index slipped lower after U.S. data showing that NY Empire State Manufacturing Index showed a lower than expected figure of 6.90, furthermore, the Industrial Production for February rose by 0.1%, lower than the forecasted figure of 0.2%, in turn these negative reports pushed up the price of Gold in volatile trade, and is currently testing resistance at $1,159/ounce. On Wednesday the U.S. Federal Open Market Committee statement will take place, this a key event for investors as it discusses interest rate decisions and factors affecting the economic outlook.
Todays Main Events (GMT)
08:15 – CHF- Retail Sales (YoY) (Jan)
08:15 – CHF – PPI (MoM) (Feb)
12:30 – USD – NY Empire State Manufacturing Index (Mar)
12:30 – CAD – Foreign Securities Purchases (Jan)
13:15 – USD – Industrial Production (MoM) (Feb)
14:00 EUR – ECB’s Costa Speaks
18:45 – EUR – ECB President Draghi Speaks
20:00 – USD – TIC Net Long-Term Transactions (Jan)
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