Yesterday saw consecutive negative days as US equities all closed lower as US regulations threatened to delist foreign companies if they don’t comply with their Auditing rules causing a sell off throughout the US indices, as a result the Dax also saw a significant decline. The exception was the FTSE as it closed positive for the day.
Gold closed positive but still ranging between 1720 and 1740, Brent recovered well following the selloff Tuesday as it closed the day up $4 at $64.06.
The Canadian Dollar has the upper hand this morning as it is strengthening against all major pairs, following the flooding in Australia, the Australian Dollar weakness is apparent throughout the market.
The focus will shift to Switzerland as their Monetary Policy Assessment and Policy rates are due at 10:30am (SAST), as well as to the US as Final GDP q/q will be released at 2:30pm (SAST).
Tentative - BOJ Gov Kuroda Speaks (JPY)
10:30am - SNB Monetary Policy Assessment (CHF)
10:30am - SNB Policy Rate (CHF)
11:30am - BOC Gov Macklem Speaks (CAD)
11:30am - BOE Gov Bailey Speaks
2:30pm - Final GDP q/q (USD)