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BOC Rate Statement | Current Market Sentiment
Posted On 09 Mar 2016
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There is no trade call at present. The major events later in the day will come from the central banks of Canada and then during tomorrow’s early Asian session, New Zealand. Both releases may provide trading opportunities.
Current Market Sentiment
The Asia-Pac session was light on data with the only notable release being Australian Home Loans down -3.9% m/m. The Aussie remains rangebound near recent highs.
Asian indices were mainly lower, but JPY remains relatively flat. WTI has pulled back over $2 from recent highs, helping pressure stocks and risk sentiment.
Later today we have Industrial Production from the UK, of which the Manufacturing component comprises 80%, and mining and utilities comprise the remaining 20%.
P.S. These releases were also covered in the weekly risk events video. You can watch it here.
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