European Exports Declined, BoE,Fed Signal End of Easing

[DailyFx]

Fundamental Headlines

• USDJPY –The Japanese economy grew 3.3% last quarter, faster than the 2..5% that was expected. Exports to emerging markets offset slumping U.S. demand. Yet, consumer confidence fell to a five year low of 35.2, as inflation saps their purchasing power and Industrial production fell 3.4% the most in four years. Discuss the topic and your trade ideas in the USD/JPY Forum.
• USDCHF – Swiss retail sales jumped 9.7%-the highest since April 2006, as a strong labor market fueled consumer spending. The expectations that he economy will decelerate were diminished with consumption more than tripling expectations of 3.0%. For more news and resources, visit our Swiss Franc Currency Room.
• EURUSD – The European trade balance turned to a 2.4 billion euro deficit in February from a 1.6 billion surplus the month prior. The strength of the Euro against the dollar saw the competitiveness of the regions exports diminish, resulting in a 2.9% decline. The deficit resulted, despite Germany -the regions largest economy-showing a surplus of 33.9 billion. Nevertheless, the ECB isn’t expected to turn their focus from price stability. Discuss the topic and your trade ideas in the EUR/USD Forum.

• Bernanke’s Bubble Laboratory (link) – Wall Street Journal
• Icahn Looks To Unseat Yahoo’s Entire Board (link) – Wall Street Journal
• ECB Concerned Over Liquidity Scheme (link) – Financial Times
• Fed, BoE Foreshadowed End Of Rate Cuts As Prices Rise (link) – Bloomberg
• Rice Slumps on Supply, Heads For Biggest Weekly Drop Since 2004 (link) – Bloomberg