Newsletter – 15th February 2018

Morning Bulletin

Yesterday

  • GBP/EUR hovered around 1.1245 on Wednesday yesterday trading a high of 1.1267 and a low of 1.1212.
  • The euro continued to gain ground on the US dollar with EUR/USD rallying 0.79% on Wednesday. The market opened at 1.2350 and closed at 1.2448.
  • US prices rose faster than expected in January with CPI m/m coming in at 0.5% vs 0.3% expected. Core CPI m/m also came in faster than expected at 0.3% vs 0.2%.
  • US core retail sales m/m came in weaker than expected at 0.0% vs 0.5% and retail sales m/m also came in weaker than expected at -0.3% vs 0.2%.
  • The dollar weakness showed against the pound with GBP/USD rallying from 1.3890 to close at 1.3997.
Overnight
  • Australian unemployment change came in at 16.0K when 15.3K was expected and unemployment rate came in as expected at 5.5%.
Today
  • Today we have inflation, manufacturing and unemployment data from the US at 1pm.
  • At 2.15pm we expect to have capacity utilisation rate and industrial production m/m.
  • This evening we have 9.30pm business NZ manufacturing index data released.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1272 +0.26
GBP/USD 1.4068 +0.51
EUR/USD 1.2481 +0.27
AUD/USD 0.7950 +0.32

 

Time (GMT) Region Data Release Forecast Previous
13:30 CAD ADP non-farm employment change -7.1K
13:30 USD PPI m/m 0.4% -0.1%
13:30 USD Core PPI m/m 0.2% -0.1%
13:30 USD Empire state manufacturing index 21.5 22.2
13:30 USD Unemployment claims 229K 221K
14:15 USD Capacity Utilization Rate 78.0% 77.9%
14:15 USD Industrial Production m/m 0.2% 0.9%
21:30 NZD Business NZ Manufacturing Index 51.2