Market news
27.03.2015, 07:30

Foreign exchange market. Asian session: U.S. dollar traded mixed against its major peers ahead of U.S. GDP data

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

07:00 United Kingdom Nationwide house price index March -0.1% +0.2% +0.1%

The U.S. dollar is trading mixed against its major peers adding again gains against the commodity currencies - the Australian and New Zealand's dollar for a fourth consecutive day. Yesterday data showed that U.S. jobless claims fell and the services PMI hit a six-month high. Today a set of important U.S. data including the GDP and the Reuters/Michigan Consumer Sentiment Index will be in the focus. FED Chair Janet Yellen and FED Vice Chairman Stanley Fischer are scheduled to speak today at Federal Reserve Bank of San Francisco Conference.

The Australian dollar declined against the U.S. dollar in the absence of any major data from the region.

New Zealand's dollar booked losses against the greenback during the Asian session in the absence of any major data from the region. It's the fourth day of straight losses.

The Japanese yen rose against the greenback on Friday after a set of mixed economic data was reported yesterday. Household spending declined -2.9%, less than the expected reading of -3.1%. The Japanese Unemployment Rate for February declined from a previous reading of 3.6% to 3.2%, below the estimated 3.5%. The Tokyo Consumer Price Index for March remained unchanged at +2.3%. Excluding fresh food the reading was unchanged at +2.2%. The National Consumer Price Index grew less at a pace of +2.2% compared to +2.4% a year earlier. Ex-fresh food the National CPI rose +2.0%, below expectations of an increase of +2.1%. Retail Sales in Japan declined by -1.8% in February, less than the -2.0% a year ago but above estimates on a decrease by -1.4%.

EUR/USD: the euro traded almost flat against the greenback

USD/JPY: the U.S. dollar traded flat against the yen

GPB/USD: Sterling lost against the U.S. dollar

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

10:30 U.S. FED Vice Chairman Stanley Fischer Speaks

12:30 U.S. PCE price index, q/q Quarter IV +1.2%

12:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4%

12:30 U.S. GDP, q/q (Finally) Quarter IV +2.2% +2.4%

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.2 92.5

19:45 U.S. Fed Chairman Janet Yellen Speaks

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