Research Team at Danske Bank, suggests that the Federal Reserve chairwoman Janet Yellen will speak in New York tonight and after her Texas Fed's Kaplan is set to speak. Key Quotes “The US Conference Board's consumer confidence index for March is released today. The index has been range-bound over the past year but is currently at the lower end of the range. We expect a rebound to 94, suggesting that consumers are still quite upbeat. M3 money supply and bank lending for February due today will give the first data point in determining the price on the ECB's new TLTRO II loan. The lending figures are relevant as the interest rate on the new TLTRO II loan is dependent on lending growth in the period from February 2016 to January 2018. If a bank exceeds its benchmark in the TLTRO II loan it will be charged a negative rate down to the deposit rate over the entire period of the loan. Note the seventh auction on the TLTRO I is scheduled for 30 March and could be a bit more interesting than the previous ones as the amount borrowed can be rolled over into the new TLTRO II. In Sweden, we receive trade balance data and retail sales data.” For more information, read our latest forex news.