IronFX Daily Commentary by Charalambos Pissouros | 10/01/2017
January 10, 2017 8:58 am
China’s producer prices rise at fastest pace in 5 years • China’s PPI rate rose notably in Dec., a sign the economy is stabilizing on the inflationary front. • Nevertheless, this could be due to yuan’s depreciation in the month. • AUD and NZD positive in the short run, but depr. yuan may prove negative in long run. • Chinese officials tried to defend yuan in Jan, but not sure if the measures will be maintained. • Further yuan depr. could hurt imports from Australia and New Zealand.
Dollar slips ahead of Trump’s press conference • USD underperformed yesterday and during the Asian morning today. • No clear reason. May be investors unwinding positions ahead of Trump’s press conf.
Today’s highlights: • Norway: CPI for Dec. is exp. to have accelerated. This could enhance the case that the Norges Bank is likely to remain on hold for some time and thereby, support NOK. • Canada: Building permits for Nov. are exp. to have fallen.
To get the latest Forex trading news you should: • Download the IronFX Research app: http://goo.gl/jhQIxO • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Instagram: https://www.instagram.com/ironfx • Follow us on LinkedIn: https://goo.gl/wSEbPN • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU
China’s producer prices rise at fastest pace in 5 years
• China’s PPI rate rose notably in Dec., a sign the economy is stabilizing on the inflationary front.
• Nevertheless, this could be due to yuan’s depreciation in the month.
• AUD and NZD positive in the short run, but depr. yuan may prove negative in long run.
• Chinese officials tried to defend yuan in Jan, but not sure if the measures will be maintained.
• Further yuan depr. could hurt imports from Australia and New Zealand.
Dollar slips ahead of Trump’s press conference
• USD underperformed yesterday and during the Asian morning today.
• No clear reason. May be investors unwinding positions ahead of Trump’s press conf.
Today’s highlights:
• Norway: CPI for Dec. is exp. to have accelerated. This could enhance the case that the Norges Bank is likely to remain on hold for some time and thereby, support NOK.
• Canada: Building permits for Nov. are exp. to have fallen.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
Related Posts: