Quote:
‘Your hair may be brushed, but your mind’s untidy, You’ve had about seven hours’ sleep since Friday, No wonder you feel that lost sensation; You’re sunk from a riot of relaxation.’ Ogden Nash (1902-1971)
The News:
Bomb blast on a train from India to Pakistan kills at least 64.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
00:01 GB February Rightmove House Prices +0.9% M/M, +11.5% Y/Y, versus +0.5% and +13.5% January.
05:30 JP January Nationwide Department Store Sales 0% Y/Y versus –2.3% December.
05:30 JP January Tokyo Department Store Sales –0.1% versus –3.1% December.
13:30 CA December International Securities Transactions (C$1B to C$6B versus C$10.99B November).
13:30 CA December Wholesale Sales (+0.3% to +1.1% M/M versus +0.1% November).
The Psychology:
Friday the 9th of March is the closing day for voting in the Euromoney magazine annual FX poll. To express your views please click on the following link: http://www.euromoney.com/fxpoll2007
The Risk:
Today is a US holiday (President’s Day) and Carnival/Chinese New Year holidays in many countries, some of which continue throughout the whole week.
Today’s most interesting chart:
NZD Breaking above the top of a ‘flag’ formation.
