Sterling had a fairly strong day on Friday despite no significant data being released. The main announcement was the Producer Price Index (PPI) figures which came in as expected. Some of the main events this week will be the release of the Bank of England inflation letter and the Bank of England’s latest meeting minutes which are expected to show that all of the members of the Monetary Policy Committee (MPC) voted to keep the asset purchase facility and interest rates on hold. Other data released this week includes Consumer Price Index (CPI) inflation data, the change in the number of new people claiming unemployment benefits and retail sales figures. With lots of data on the agenda this week there is the potential for a lot of volatility; so call in now for the latest rates.
A quiet day on the data front saw the euro struggle as Spanish and Italian bond yields started to rise once again. On the data front, French industrial production figures came out flat when slight growth had been expected. A fairly quite week in Europe includes the release of German economic sentiment figures and flash GDP data which is expected to show a recession figure of -0.2%. Despite the lack of data, any news from Europe tends to have a significant impact on the market; so, call in now for the latest news.
The US dollar had a mixed day on Friday and was sold off sharply after the US markets opened. On the data front, import prices slipped to -0.6% when a slight growth had been anticipated. A busy economic calendar this week for the US includes retail sales data, the number of new people claiming unemployment benefits and inflation data in the form of monthly PPI and CPI figures. Other releases includes of the number of new residential building permits granted as well as the Philly manufacturing index figures. Get the latest news by calling in.
Elsewhere, risk appetite was the main driver in the market once more following the release of worse than expected Chinese trade balance data. Other releases included Canadian employment figures which were worse than anticipated and weighed heavily on the Canadian dollar’s strength. This week, the main releases will include retail sales and PPI figures from New Zealand; whilst, Canadian CPI inflation data will also be announced. Call in now for the latest news and a live quote.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
A quiet day on the data front saw the euro struggle as Spanish and Italian bond yields started to rise once again. On the data front, French industrial production figures came out flat when slight growth had been expected. A fairly quite week in Europe includes the release of German economic sentiment figures and flash GDP data which is expected to show a recession figure of -0.2%. Despite the lack of data, any news from Europe tends to have a significant impact on the market; so, call in now for the latest news.
The US dollar had a mixed day on Friday and was sold off sharply after the US markets opened. On the data front, import prices slipped to -0.6% when a slight growth had been anticipated. A busy economic calendar this week for the US includes retail sales data, the number of new people claiming unemployment benefits and inflation data in the form of monthly PPI and CPI figures. Other releases includes of the number of new residential building permits granted as well as the Philly manufacturing index figures. Get the latest news by calling in.
Elsewhere, risk appetite was the main driver in the market once more following the release of worse than expected Chinese trade balance data. Other releases included Canadian employment figures which were worse than anticipated and weighed heavily on the Canadian dollar’s strength. This week, the main releases will include retail sales and PPI figures from New Zealand; whilst, Canadian CPI inflation data will also be announced. Call in now for the latest news and a live quote.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
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