German IFO, Fed Minutes Weds Highlights
In its preliminary estimate last month, fourth quarter GDP growth was placed at 0.6% quarter on quarter, equal to that of Q3 and Q2 and above the Q1 outturn of 0.3%. Back on the Continent, the final euro area January inflation data will be published. At 11:00 GMT, BOE Deputy Governor Jon Cunliffe will deliver a speech in London. Shortly after, Deputy Governor Minouche Shafik will take place in a Twitter Q&A session. At midday, Prime Minister Theresa May will take questions at the weekly PMQs session. Across the Atlantic, the US calendar also gets underway at 12:00 GMT, with the publication of the MBA weekly applications index.
The Canadian Retail Trade data will cross the wire at 13:30 GMT, with the US Redbook Retail Sales Index expected at 13:55 GMT. Back in Europe, at 14:00 GMT, the BNB Business Sentiment survey will be published. At 15:00 GMT, the NAR existing home sales data will be published. Federal Reserve Gov. Jerome Powell will discuss economic outlook and monetary policy at the Club of New York, with audience Q&A, starting at 18:00 GMT. Then, at 19:00 GMT, the FOMC meeting minutes will be published. BOE Deputy Governor Minouche Shafik is back on the schedule at 20:00 GMT, with a speech in Oxford.
The dollar was mixed against its peers in quiet Asian trading, investors were mainly on hold ahead of today's Fed Minutes. Dollar-yen eased lower from Y113.73 to Y113.33 and was last at Y113.47. Aussie-dollar outperformed mildly, rising from $0.7667 to $0.7698, the modest bid tone was linked to a large Aussie bond auction for today. Aussie-dollar was last at $0.7690. Meanwhile, euro-dollar currently trades at $1.0545 and Cable at $1.2498 after trading in respective ranges of $1.0534 to $1.0556 and $1.2467 to $1.2505 #tradenews #markets #global #globalnews #nyc #livenews #centrobank #tradingnews#spread #gold #oil #stocks #cfds #funding #demo #palladium #brent # bricks