Sterling continues to be the weakest kid on the block due to the weight of weak data.
Chinese exports showed a 45.7% annual increase this morning while imports grew 44.7%, adding fuel to the global recovery story.
The Royal Bank of New Zealand meeting later today will grab the attention though no actual move in rates is expected, since the RBNZ has said earlier that low rates would stay in place until “mid” 2010.
Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Swiss CPI: 0.1% vs. 0.2% exp.
UK Trade Balance: -8.0B vs. -6.9B exp.
AU Home Loans: -7.9% vs. 2.1% exp.
Chinese Trade Balance: 7.6B as exp.
UK Manufacturing Production at 09:30.
NZ Interest Rate Statement at 20:00.
AU Unemployment Rate at 00:30.
Chinese Industrial Production at 02:00.
Swiss Interest Rate Statement at 13:00.
Canadian Trade Balance at 13:30.
US Trade Balance at 13:30.
US Unemployment Claims at 13:30.
NZ Retail Sales at 21:45.
“Trends for today” is presented by Danny Spivak
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