over the weekend we didn’t have much going on, the Tankan manufacturing index and non manufacturing index were both in line or slightly worse than expected numbers.
Overnight we had CHF retail sales y/y which was worse than expected and previous.
European countries PMI fro CHF, Spain, Italian, French, German were all pretty good or in line.
GBP had a positive manufacturing PMI as well which was better than previous and expected.
Later at NY session we had USD ISM PMI which was also better than previous and expected.
Later tonight we will have building approvals m/m from AUD, RNBZ Wheeler speaks, and of course the big event of RBA rate and statement are coming at 11:30pm EST.
Sentimentally, equity markets were mixed today with US stocks all going red.
WTI once again gave another green candle and could due to another comments from Iran and non OPEC members asking for support.
USD also had a very good sentiment today.
So we actually had few mixed relations here, usually stock will rise with the oil and USD would fall, but as mentioned, nowadays it is very sentimentally driven and not necessary follow the traditional relations.
AUD wil have big news later tonight.
NZD will certainly follow the AUD movement so we’ll see more tonight.
CHF, JPY & EUR had no significant news other than good datas from EURO, and still helped by the good news last week from German bank settlement.
USD had a good sentiment today due to good fundamental data.
CAD also had no significant news other than another positive comment from OPEC.
Finally, the most news driven currency would have been GBP.
Overnight the Prime minister has announced the timetable for triggering article 51 to leave European officially, no later than March 2017. Now the clock is really ticking and we’re facing with a very negative sentiment now.
Technically,
EUR is still very bearish against all currencies except GBP. It could have been its own weakness, but if UK officially leaves European, that will be very negative sentiment for EUR as well.
GBP had been largely sold off against all other currencies, now we don’t know when the rebound going to happen but as mentioned, don’t catch a falling knife.
CHF & JPY had no significant movement.
AUD is still very strong now but of course, after tonight’s rate decision and statement, we can see more.
CAD seems to be stalled now and we need further details from OPEC to push it up…or down.
NZD is also strong for now and awaiting for further action from RBNZ.
over the weekend we didn’t have much going on, the Tankan manufacturing index and non manufacturing index were both in line or slightly worse than expected numbers.
Overnight we had CHF retail sales y/y which was worse than expected and previous.
European countries PMI fro CHF, Spain, Italian, French, German were all pretty good or in line.
GBP had a positive manufacturing PMI as well which was better than previous and expected.
Later at NY session we had USD ISM PMI which was also better than previous and expected.
Later tonight we will have building approvals m/m from AUD, RNBZ Wheeler speaks, and of course the big event of RBA rate and statement are coming at 11:30pm EST.
Sentimentally, equity markets were mixed today with US stocks all going red.
WTI once again gave another green candle and could due to another comments from Iran and non OPEC members asking for support.
USD also had a very good sentiment today.
So we actually had few mixed relations here, usually stock will rise with the oil and USD would fall, but as mentioned, nowadays it is very sentimentally driven and not necessary follow the traditional relations.
AUD wil have big news later tonight.
NZD will certainly follow the AUD movement so we’ll see more tonight.
CHF, JPY & EUR had no significant news other than good datas from EURO, and still helped by the good news last week from German bank settlement.
USD had a good sentiment today due to good fundamental data.
CAD also had no significant news other than another positive comment from OPEC.
Finally, the most news driven currency would have been GBP.
Overnight the Prime minister has announced the timetable for triggering article 51 to leave European officially, no later than March 2017. Now the clock is really ticking and we’re facing with a very negative sentiment now.
Technically,
EUR is still very bearish against all currencies except GBP. It could have been its own weakness, but if UK officially leaves European, that will be very negative sentiment for EUR as well.
GBP had been largely sold off against all other currencies, now we don’t know when the rebound going to happen but as mentioned, don’t catch a falling knife.
CHF & JPY had no significant movement.
AUD is still very strong now but of course, after tonight’s rate decision and statement, we can see more.
CAD seems to be stalled now and we need further details from OPEC to push it up…or down.
NZD is also strong for now and awaiting for further action from RBNZ.