Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:00 Australia MI Inflation Gauge, m/m February 0.4% -0.2%
00:00 New Zealand ANZ Business Confidence January 23 7.1
00:30 Australia Company Gross Profits QoQ Quarter IV 1.4% Revised From 1.3% -1.8% -2.8%
00:30 Australia Private Sector Credit, m/m January 0.5% Revised From 0.6% 0.5% 0.5%
00:30 Australia Private Sector Credit, y/y January 6.6% 6.5%
05:00 Japan Housing Starts, y/y January -1.3% 0.0% 0.2%
05:00 Japan Construction Orders, y/y January 14.8% -13.8%
07:00 Germany Retail sales, real adjusted January -0.2% 0.2% 0.7%
07:00 Germany Retail sales, real unadjusted, y/y January 1.5% 1.5% 0.7%
The euro traded range-bound ahead of inflation data due later today. A median forecast suggests the consumer price index was unchanged in February compared to the same period last year after growth of 0.3% in January. The annualized core CPI is likely to have slowed down to 0.9% from 1%. If data meet expectations the ECB will be persuaded to announce new stimulus measures.
The yen rose amid declines in Asian stock markets. Strong domestic data supported the currency too. Japanese industrial production rose by 3.7% in January after a 1.7% drop in December. Analysts had expected a more modest growth of 3.3%. This is the first positive change in three months.
The New Zealand dollar fell amid ANZ business confidence data. The corresponding index fell to 7.1 in January from 23 reported previously. Analysts had expected the index to advance to 25.5. The latest reading is the weakest since October 2015. The report showed that companies' own activity expectations declined to 26 from 34, slipping below the historical average. Meanwhile profit expectations fell to 12 from 18. Employment intentions fell to 12 from 20. Investment intentions stood largely unchanged at 14.
EUR/USD: the pair rose to $1.1065 in Asian trade
USD/JPY: the pair traded around Y113.00
GBP/USD: the pair fluctuated within $1.3950-10
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:00 Switzerland KOF Leading Indicator February 100.3 98.8
09:30 United Kingdom Consumer credit, mln January 1169 1300
09:30 United Kingdom Mortgage Approvals January 70.84 73.6
09:30 United Kingdom Net Lending to Individuals, bln January 4.4
10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) February 0.3% 0.0%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) February 1% 0.9%
13:30 Canada Current Account, bln Quarter IV -16.2 -15.6
13:30 Canada Industrial Product Price Index, m/m January -0.2%
13:30 Canada Industrial Product Price Index, y/y January 1.1%
14:45 U.S. Chicago Purchasing Managers' Index February 55.6 53
15:00 U.S. Pending Home Sales (MoM) January 0.1% 0.5%
22:30 Australia AIG Manufacturing Index February 51.5
23:30 Japan Unemployment Rate January 3.3% 3.3%
23:30 Japan Household spending Y/Y January -4.4% -2.7%
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2018 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.