Trends for Today 03/03/2010

Market Notes:

Bank of Canada has left the interest rate unchanged at 0.25%, but sounded hawkish in its accompanying statement by noticing that economic activity was expanding quicker than anticipated.

The reaction in forex market was extremely mild to the fact that the Australian GDP has risen 2.7% in an annual growth versus 2.4% expected. Largest contributors to the growth were private and public investment. Household consumption was also stronger, rising 1.8% quarterly.

Daily Trends & Charts

Watch the Fundamentals!(GMT time)


AU Building Approvals: -7.0% vs. 0.7% exp.
AU Retail Sales: 1.2% vs. 0.8% exp.
AU Interest Rate Statement: 4.00% as exp.
Swiss GDP: 0.7% vs. 0.4% exp.
CanadianInterest Rate Statement: 0.25% as exp.


AU GDP: 0.9% as exp.
German Retail Sales: 0.0% vs. -0.5% exp.
UK Services PMI at 09:30.
EU Retail Sales at 10:00.
US ADP Non-Farm Employment Change at 13:15.
US ISM Non-Manufacturing PMI at 15:00.


AU Trade Balance at 00:30.
UK Money Printing Program at 12:00.
UK Interest Rate Statement at 12:00.
EU Interest Rate Statement at 12:45.
CAD Building Permits at 13:30.
US Unemployment Claims at 13:30.
CAD PMI at 15:00.
US Pending Home Sales at 15:00.
US Factory Orders at 15:00.

Good Day!!!
“Trends for today” is presented by Danny Spivak


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