The Japanese yen has edged higher in the Tuesday session. In the North American session, USD/JPY is trading at 110.40. On the release front, today's highlight in the US is CB Consumer Confidence, which is expected to dip to 113.9 points. Japan will release Retail Sales, with the indicator expected to dip to 0.7%.
The British Pound is about to enter a crucial period in its evolution now that the UK stands ready to trigger Article 50 of the Lisbon treaty and commence its exit from the European Union.
Malaysia is considering easing rules on the short-selling of government bonds to deepen domestic financial markets and revive interest in its debt.
Oil prices have tumbled down and remained on the low ground. The recent negotiations between OPEC and non-OPEC members about an extension do little to alleviate the pressure. And what do technical levels tell us? The team at Barclays analyzes the dynamics:
The Canadian dollar was almost unchanged on Monday against its broadly weaker U.S. counterpart as growing doubts over the Trump administration’s ability to push through its economic agenda continued to dominate market sentiment.
Next trading day's important events
- USDJPY: 110.39
- EURUSD: 1.0859
- S&P 500: 2345.41
- NASDAQ: 5843.62