During today’s early trading session, The Nikkei share average was down by 0.35%, closing at 19,476, despite positive data released by Tokyo Stock Exchange. Foreign buying of Japanese stocks netted 306.2 Billion Yen during the week of March 9th – 13th, its highest amount in 3 months. The Hang Seng Index rallied 1:45% closing at 24,468 points. Following the release of positive data from New Zealand, the NZD remained supported after recent gains against a basket of major currencies, the fourth quarterly GDP increased by 0.8%, slightly higher than the expected figure of 0.7%.
During the European session, the EUR/USD traded lower as traders took profit after yesterday’s gains. The Dollar retreated from record highs following Wednesday’s FOMC statement as Fed officials downgraded the country’s growth and inflation outlook.
During early U.S. trade, the Federal Reserve Bank released data showing that the Manufacturing Index indicated improving conditions with a figure of 5.0, lower than the expected figure of 7.0. Despite the data being negative the Dollar was little changed as expectations over an interest rate hike mid year continues to support the Dollar.
Todays Main Events (GMT)
08:30 -CHF- Interest Rate Decision
12:30 -USD- Current Account (Q4)
12:30 -USD- Initial Jobless Claims
14:00 -USD- FOMC Member Tarullo Speaks
14:00 -USD- Philadelphia Fed Manufacturing Index (Mar)
March 19, 2015 – Daily Market News
During today’s early trading session, The Nikkei share average was down by 0.35%, closing at 19,476, despite positive data released by Tokyo Stock Exchange. Foreign buying of Japanese stocks netted 306.2 Billion Yen during the week of March 9th – 13th, its highest amount in 3 months. The Hang Seng Index rallied 1:45% closing at 24,468 points. Following the release of positive data from New Zealand, the NZD remained supported after recent gains against a basket of major currencies, the fourth quarterly GDP increased by 0.8%, slightly higher than the expected figure of 0.7%.
During the European session, the EUR/USD traded lower as traders took profit after yesterday’s gains. The Dollar retreated from record highs following Wednesday’s FOMC statement as Fed officials downgraded the country’s growth and inflation outlook.
During early U.S. trade, the Federal Reserve Bank released data showing that the Manufacturing Index indicated improving conditions with a figure of 5.0, lower than the expected figure of 7.0. Despite the data being negative the Dollar was little changed as expectations over an interest rate hike mid year continues to support the Dollar.
Todays Main Events (GMT)
08:30 -CHF- Interest Rate Decision
12:30 -USD- Current Account (Q4)
12:30 -USD- Initial Jobless Claims
14:00 -USD- FOMC Member Tarullo Speaks
14:00 -USD- Philadelphia Fed Manufacturing Index (Mar)
14:00 -USD- Philly Fed Employment (Mar)
23:50 -JPY- Monetary Policy Meeting Minutes
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