Chinese trade balance data has missed widely as expectations for February were a net positive for the export section with a surplus of 173B Yuan. Rather than an increase, changes were a negative 60B. The release data showed disappointing results for the second largest economy with exports only 4.2% on a yearly basis versus the expected 14.6%. Imports have increased with 44.7% on a yearly basis when only 23.1% was the expected level for this report. Despite this, the net result is still a surplus of 293.7bn CNY for the economy on a yearly basis thus far.
Draghi may send dovish signals at policy meeting to temper market expectations
Strong euro bullish sentiment in the option market, falling inflation expectations, renewed rout in global equities and the extended slump in oil prices may force the European Central Bank's president Mario Draghi to deliver a more dovish-than-expected message at the ECB policy meeting this week, Bloomberg strategists Vassilis Karamanis and Richard Jones write.
Euro bears looking to Draghi to sustain slide toward 2002 low
Traders betting the euro will extend three months of losses against the dollar and decline toward parity last seen in 2002 may find support from European Central Bank President Mario Draghi.
Draghi, a rabbit, the euro and the magic trick traders envision
Mario Draghi needs to come up with something to surprise currency traders next week or risk a euro rebound that would threaten his efforts to boost inflation.