- Economic Reports
- Last Night: New Zealand GDP q/q came at 1.0%, below the forecast of 1.2%. Kiwi was unaffected – still just below the resistance trying to break out.
- Last Night: Japan’s All Industries Activity m/m was @ -4.3% worse than expectations of -3.7%. Nikkei 225 is breaking above a horizontal channel. So is EWJ with target near 12.75 or 6.25% away from last close.
- 3:30 AM – SNB left the rate unchanged but the combined effect of FOMC and SNB’s decision was a lower USD/CHF – back below in a horizontal channel
- 4:30 AM – German Retail Sales came in line @ -0.5%
- 6:00 AM – UK’s CBI Industrial Order Expectations were better @ 11 vs. forecast of 3
- Morning Read
- Economic Reports
- 8:30 AM – US Unemployment claims in line @ 312K
- 10:00 AM – US Philly Fed Mfg Index beat @ 17.8 vs 14.3
- US Conference Board Leading Index worse @ 0.5% vs. 0.6% forecast
