The behavior of the major currencies overnight was very calm and passed in the atmosphere of waiting for key decisions (ECB, NFP, Trump). EUR/USD is at 1.24, GBP/USD is quoted at 1.39, USD/JPY is fighting to stay above 106.00. The change in the percentage of the exchange rate of any of the three currency pairs does not exceed 0.1% at the moment. The contract for the SP500 slowed by 2730 points around resistance. Profitability of the American 10-year Bonds is close to 2.9%. In Shanghai and Tokyo, the buyers are slightly dominant as bother Nikkei 225 and Shanghai Composite go up about 0.5%.
On Thursday 8th of March, the event calendar is busy in important news releases, so the global investors should keep an eye on German Factory Orders data, ECB Intrest Rate Decision and Press Conference, Canadain New Housing Price Index, Building Permits and Housing Starts data and Unemployment Claims and Continuing Claims data from the US. Moreover, there are some speeches scheduled form the central bankers from Canada: BOC Deputy Governor Timothy Lane and BOC Governor Stephen Poloz
Bitcoin analysis for 08/03/2018:
The German car maker – BMW – allegedly ended its second cooperation with the Blockchain startup, this time to obtain ethical cobalt for its products, according to the Reuters agency, citing the start-up president.