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U.K. Household Finance Sentiment Drops Slightly From Record High: Markit



Confidence among British households regarding their personal finances eased modestly in March, but hovered near February's record high signaling that the squeeze on finances remained less marked than seen over the past five years, survey data published by Markit Economics revealed Thursday. The seasonally adjusted household finance index, which measures the overall perception of financial well-being, dropped to 41.9 in March from 42.1 in February, which was the highest score in the history of the survey. Index readings below 50 suggest weakness in confidence. Confidence was supported by a fourth consecutive growth in income from employment. Also, households' perception of the current inflation situation dropped during March to the lowest level since December 2009. At the same time, spending increased for the first time so far this year, helped by stronger economic conditions as highlighted by a robust rise in workplace activity. The outlook component of the survey, which measures financial well-being over the next 12 months, dropped to 49 in March from a survey-record high of 50.5 in February. However, the latest reading was the second-highest since the series began in February 2009. "Overall, the survey suggests that the UK economy has remained on a solid recovery path during the first quarter of 2014,"Markit Economist Tim Moore said.

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New Zealand Credit Card Spending +5.9% On Year



Total credit card spending in New Zealand was up 5.9 percent on year in February, the Reserve Bank of New Zealand said on Friday, coming in at NZ$2.879 billion. That's down from the upwardly revised 9.4 percent increase in January (originally 9.2 percent) to NZ$2.960 billion. On a monthly basis, credit card spending was up 0.2 percent - slowing from the upwardly revised 1.2 percent increase in January (originally 1.0 percent).

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Euro Rises Further To 4-day High Against Franc



The euro continued its uptrend against the Swiss franc in Asia on Monday. The euro that closed Friday's deals at 1.2167 against the franc reached a 4-day high of 1.2189. On the upside, 1.225 is seen as the next upside target level for the euro.

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Daily analysis of GBP/JPY for March 24, 2014










Overview
In the today's H4 chart, we can notice that the pair opened this week below the Resistance level of 169.20 that would give the pair a good opportunity to start its bearish move. Actually, as shown, the pair took a slightly downward move and currently is trading above the support level of 168.50 and below the resistance level of 169.20 directly. More bearish signals are still expected as long as the pair is trading below the resistance level, so we can consider our first target few pips above the support level of 167.75, then it is preferred to wait for breaking this support level and closing 4H below to continue the bearish move.
Resistance and support levels: R3 (170.50), R2 (169.75), R1 (169.20), S1 (168.50), S2 (167.75), S3 (167.00).



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Philippine Imports Rise Fore Third Month




Philippines' merchandise imports increased for the third successive month in January, and at a significantly faster pace than in December, data published by the National Statistics Office showed Tuesday. The growth rate also far exceeded economists' expectations.
The value of imports climbed 21.8 percent on an annual basis to US$5.76 billion in January, which followed a 2.1 percent gain in December. Economists were looking for an 8.5 percent rise for January.
While nine of the top ten major commodities recorded growth during the month, the strong pick up was driven by an 11.1 percent rise in imports of electronic products. In December, the category had logged a 2.5 percent decline.
On a monthly basis, overall external purchases recorded a 6.4 percent growth in the beginning of the year, following December's 3.4 percent increase. Arrivals of electronics goods rose by 1.7 percent.
January's international trade resulted in a deficit of US$1.38 billion, which was notably higher than the US$716 million deficit recorded in the same month of last year. Expectations were for a lower shortfall of US$850 million.

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Japan Corporate Service Prices Rise 0.7%



An index monitoring corporate service prices in Japan was up 0.7 percent on year in February, the Bank of Japan said on Wednesday, standing at 96.5. That was unchanged from the January reading following a downward revision from 0.8 percent. On a monthly basis, corporate service prices were up 0.3 percent following the 0.6 percent contraction in the previous month. Among the individual components of the survey, prices were higher for civil engineering and software development - while they were lower for transportation, leasing and rental.

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NZ Dollar Climbs To Multi-month High Against Euro




The New Zealand dollar strengthened against the euro and the US dollar in the Asian session on Thursday.
The NZ dollar rose to a multi-month high of 1.5973 against the euro and an 8-day high of 0.8631 against the US dollar, compared to yesterday's closing quotes of 1.6042 and 0.8591, respectively.
If the kiwi continues its uptrend, it may find target levels around 1.5920 against the euro and 0.8640 against the greenback.

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gold slipped again, and there are very feeble chances of its recovery, will have to wait till next week.

UK Consumer Confidence Index Rises To -5



An index measuring consumer confidence in the United Kingdom came in at -5 in March, the latest survey from GfK revealed on Friday.
That beat expectations for -6 and is up from -7 in February. It also marks the highest score since August 2007.
The index is also 22 points higher than it was a year earlier.
"People are now on balance more positive than negative about their own financial prospects over the next year," said Nick Moon, managing director for GfK's social research division. "It is unlikely that anything announced in the recent budget will reverse this."


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Japan Auto Production Continues To Expand



Japan's automobile production increased for the sixth consecutive month in February, data from the Japan Automobile Manufacturers' Association showed Monday. Driven by huge domestic demand, auto production rose 7.1 percent or 57,186 units from a year ago to 863,397 units in February. Domestic sales surged 18.4 percent on a yearly basis, while exports declined 6 percent. At the same time, motorcycle production gained 9.6 percent annually to 56,348 units. This was the sixth consecutive rise in output. Domestic sales of motorcycle advanced 26.3 percent and exports climbed 21.1 percent.

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