In Canada, the wholesale sales MoM increased to 0.9% last month. Despite of expectations about a decrease might be recorded this month to 0.5%, the indicator showed a strong growth in retail trade, after he last strong increase from negative (-1.2%) to positive level (0.9).
Considering other important indicator in the US, the Chicago Fed national activity index which was weak after recording a shy increase in negative level -0.25% from -0.35%.
I see strong CAD against USD.
The Jibun bank manufacturing PMI in Japan increased to 47.8 in February. The indicator showed contraction in business conditions as the the indicator is below 50 level for more than a year!. In addition, it's expected to decrease to 47.6.
Bullish for USD/JPY.
In Germany, the markit PMI composite decreased to 50.7 in February. Business conditions showed expanding in the last two months as the results came above 50 leve. It's expected to record the same result as the recent 50.7.
The markit services PMI showed business expansion since years.
The markit manufacturing PMI increased to 48 (the highest level since February 2019), from 47.8.
Bullish for EUR/USD.
In the UK, the markit PMI services decreased to 53.2 last month. Despite of expectations about a decrease might be seen this month, the business conditions showed growth after four consecutive months above 50 level.
Bullish for GBP/USD.
In the US, the new home sales MoM increased by 7.9% to 0.764 million last month. Despite of expectations about a small decrease might be recorded this month to 0.75 million, the outstanding performance of the indicator was obvious as the last result recorded a strong growth reaching the highest level since years.
Considering other important indicator which realease at the same time, the Richmond Fed manufacturing index which expected to increase to positive level (9) from -2.
Bullish for USD/JPY.
In New Zealand, the trade balance increased to -3.87 billion NZD last month. The indicator was showing growth as the last result was the highest since June 2018, but it's expected to decrease this month as a correction down after five consecutive increases.
Exports decreased strongly to 4.73 billion NZD from 5.54 billion NZD
Bearish for NZD/USD.