Moods on global equity markets improved
Canadian retail sales expected to show increase
Oil rig data to show impact of price crash
Upbeat moods can be observed on the global equity markets ahead of the European cash session open. DAX futures point to an over 3% bullish price gap at session launch. Apart from that, USD is pulling back massively after the Fed launched swap lines with other central banks. There are no major data prints scheduled for release today. Traders should keep on guard as moods often deteriorated into the weekends this year.
9:00 am GMT - Poland, retail sales for February. Expected: 5.9% YoY. Previous: 5.7% YoY
12:30 pm GMT - Canada, retail sales for January. Expected: 0.4% MoM. Previous: 0% MoM
2:00 pm GMT - US, existing home sales for February. Expected: 5.5 million. Previous: 5.46 million
5:00 pm GMT - US oil rig count. In spite of a massive drop in oil price, last week’s data showed almost no change in the number of active oil rigs in the United States. In fact, even a minor increase was reported. It would be very surprising if today’s data also showed no impact of the recent crash.