Market Moving US Data Today
February 15, 2018
Europe/USA Market Movements
The USD Today – Yesterday’s CPI figures boosted the USD but the rally proved to be of a short duration. Both the EUR and GBP are on an upward trend, with the Pound trading at 1.4024 this morning at 7:10 GMT up on yesterday’s average of 1.3989, and the Euro at 1.248, up on yesterday morning’s 1.2476. There are no significant events today in the UK or Europe, but traders will be following the influential US events extremely closely for signs of USD volatility.
Asia/Oceania Market Movements
The falling USD today has helped the AUD which rose in reaction to employment data released today. The EURAUD saw a fall today, currently trading at 1.5696, down from yesterday afternoon’s 1.5771. On the cards, RBA Governor’s speech overnight which could rally the Aussie and New Zealand’s NZ PMI.
Crude Oil has risen, urged on by the weaker USD today and a lower than expected growth in US crude inventories yesterday. Brent went up by 0.17% and WTI by 1.5%. Gold has also benefited from the USD’s weakness, with it rising to a 10 day high of $7,195 per ounce
On the stocks front, the Nikkei rose today by 1.47%, the Hang Seng by 1.97% and the Australian S&P/ASX by 1.16%. The Chinese, South Korean and Vietnamese markets are closed today for the Chinese New Year. US stocks have been recovering though, with the S&P 500 going up by 1.3%, the Nasdaq Composite by 1.8% and the Dow Jones by 1%. There was also positive news from the European stock markets. Will the trend continue today?
|12:00 GMT||EUR: ECB Lautenschlager Speech|
|13:30 GMT||USD: Producer Price Index;|
|13:30 GMT||USD: Jobless Claims|
|13:30 GMT||USD: Philadelphia Fed Manufacturing Survey|
|18:30 GMT||CAD: BoC Schembri Speech|
|22:30 GMT||AUD: RBA Governor Speech|