Japanese and Australian share were traded higher.
Japan's Nikkei was higher by 1.07%, the shares of Fujitsu traded higher with 2.66%. Australian ASX was higher by 1.15%. Kospi with gain by 0.21%. The Chinese markets were only down, as the Shanghai composite by -0.29% lower, Hang Seng added 0.51%.
During the Asian session on Monday, the futures of the US indices were traded in a tight range, without big moves. The US markets closed with DJIA lower by -0.22%, S&P lower as well by -0.10% but the Nasdaq ended up with 0.20%.
Oil futures were slightly up as price reached $48 per barrel. The DXY was down and weak at 99.200.
Calendar for the European and American sessions:
08:45 - France -Consumer Spending (MoM) (Feb)
09:00 - Euro zone - ECB's Coeure Speaks
14:30 - US - Goods Trade Balance (Feb)
14:30 - US - Wholesale Inventories (MoM)
14:55 - US - Redbook (MoM)
15:00 - US - S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jan)
16:00 - US - CB Consumer Confidence (Mar)
16:00 - US - Richmond Manufacturing Index (Mar)
16:10 - CAD - BoC Gov Poloz Speaks
16:30 - US - Texas Services Sector Outlook (Mar)
18:45 - US - FOMC Member George Speaks
18:50 - US - Fed Chair Yellen Speaks
19:00 - US - FOMC Member Kaplan Speaks
22:30 - US - FOMC Member Powell Speaks
USD - does remain weak for now. The unsuccessful attempt to adopt the new health bill had negative influence for the USD in addition, but it did not lose much ground. We do remain USD long.
JPY - The Japanese currency again was the strongest currency but at the end of the session, started to fall a bit. Investors continue to buy it as the uncertainties around the elections in France and Germany are coming up. We remain long for now.
EUR - Continue to be strong and to gain ground against most of its peers. The weak dollar also added to the raise of the EUR/USD pair. We expect the next meeting from the ECB to hear the state of the European economy and inflation in the Euro zone.
CAD - The Canadian dollar was weak, due to the falling Oil price. The correlation between both financial instruments remains intact. It is possible that the Canadian dollar will remain relatively weak.
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