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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia New Motor Vehicle Sales (MoM) February 0.4% Revised From 0.5% -0.1%
00:30 Australia New Motor Vehicle Sales (YoY) February 5.1% 2.3%
00:30 Australia RBA Meeting's Minutes
04:00 Japan BoJ Interest Rate Decision -0.1% -0.1%
04:00 Japan Bank of Japan Monetary Base Target 275 275
04:00 Japan BoJ Monetary Policy Statement
04:30 Japan Industrial Production (MoM) (Finally) January -1.7% 3.7% 3.7%
04:30 Japan Industrial Production (YoY) (Finally) January -1.9% -3.8% -3.8%
06:30 Japan BOJ Press Conference
10:00 Eurozone Employment Change Quarter IV 0.3% 0.2% 0.3%
12:30 U.S. Retail sales February -0.4% Revised From 0.2% -0.1% -0.1%
12:30 U.S. Retail Sales YoY February 3.0% Revised From 3.4% 3.1%
12:30 U.S. Retail sales excluding auto February -0.4% Revised From 0.1% -0.2% -0.1%
12:30 U.S. PPI, m/m February 0.1% -0.2% -0.2%
12:30 U.S. PPI, y/y February -0.2% 0.1% 0%
12:30 U.S. PPI excluding food and energy, m/m February 0.4% 0.1% 0.0%
12:30 U.S. PPI excluding food and energy, Y/Y February 0.6% 1.2%
12:30 U.S. NY Fed Empire State manufacturing index March -16.64 -10 0.62
The U.S. dollar traded mixed against the most major currencies after the release of the U.S. economic data. The U.S. Commerce Department released the retail sales data on Tuesday. The U.S. retail sales decreased 0.1% in February, in line with expectations, after a 0.4% drop in January. January's figure was revised down from a 0.2% increase.
The decrease was mainly driven by a drop in sales at auto dealerships.
The U.S. producer price index declined 0.2% in February, in line with expectations, after a 0.1% rise in January.
The decrease was mainly driven by drops in energy and food prices. Energy prices declined 3.4% in February, wholesale food prices decreased 0.3%.
The New York Federal Reserve released its survey on Tuesday. The NY Fed Empire State manufacturing index jumped to 0.62 in March from -16.64 in February, exceeding expectations for an increase to -10.00.
The euro traded mixed against the U.S. dollar after the better-than-expected employment data from the Eurozone. Eurostat released its employment growth data for the Eurozone on Tuesday. Eurozone's employment increased by 0.3% in the fourth quarter, exceeding expectations for a 0.2% gain, after a 0.3% rise in the third quarter.
Main contributors were Malta (+1.7%), Spain, Luxembourg and Portugal (all +0.7%).
On a yearly basis, employment in the Eurozone increased by 1.2% in the fourth quarter, after a 1.1% gain in the third quarter.
The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair declined to $1.14145
USD/JPY: the currency pair fell to Y112.62
The most important news that are expected (GMT0):
14:00 U.S. Business inventories January 0.1% 0.0%
14:00 U.S. NAHB Housing Market Index March 58 59
20:00 U.S. Total Net TIC Flows January -114
20:00 U.S. Net Long-term TIC Flows January -29.4
21:45 New Zealand Current Account Quarter IV -4.75 -2.8
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