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
*relevant for now
| USD $ | Strong |
| EUR € | Mixed Trend |
| GBP £ | Mixed Trend |
| JPY ¥ | Strongest |
| AUD | Strong |
| NZD | Weakest |
| CAD | Weak |
| CHF | Weak |
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. |
Forex Market Review & Analysis by Finexo.com
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