Monday 16-01-2017 Outlook
January 16, 2017 1:32 pmVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Welcome to the easyMarkets weekly outlook starting this Monday 16 January. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Be sure to catch up with our Friday morning report that looks back at how the events played out and with a look at Friday’s events.
Governor Mark Carney is also the Chairman of the Monetary Policy Committee, the Financial Policy Committee and the Board of the Prudential Regulation Authority. With that much influence, his speeches are followed closely and volatility for the pound is expected. Last week he commented that the BOE will be improving its economic forecast regardless of concerns over Brexit.
A raft of UK indicators will be released on Tuesday at the same time including Retail Price Index, House Price Index, PPI and Core PPI. The Consumer Price Index is perhaps the more important pointer to inflation and will be closely watched by investors. November’s figure was an increase on the previous month’s at 1.2% thanks to a rise in the price of clothing and petrol. The pound’s decline, however, is expected to increase clothing inflation during 2017. A lower pound may see an increase in raw materials imported, forcing businesses to pass the costs onto consumers. The BOE is expecting inflation to rise to 2.7% for the year, above its 2% target.
November’s Consumer Prices slowed for the US but this seemed to be a blimp in an otherwise more inflationary environment. Consumer Price rose 0.2%, as analysts expected. On a year-on-year basis the CPI rose 1.7%, the largest rise it’s seen in over 2 years. With the Fed raising rates and President-elect Trump’s promises of tax cuts and infrastructure spending, the economy reacted well. December’s figure may well reflect this confidence.
Even with a weakening Canadian dollar and amid fiscal and trade concerns, the interest rate is expected to remain unchanged at 0.5%. Even though the global economy is showing some positivity, business confidence and investment in the nation is remaining tight.
Interest rates were kept unchanged by the European Central Bank last month and asset purchases were reduced from 80 billion euros per month to 60 billion. The ECB also increased the duration of bond-buying for another 9 months to see out the rest of this year. The EU central bank seems set on continuing to support the region’s economy. Any more positive signs from the bank like this may only prove good news for euro bulls.
The post Monday 16-01-2017 Outlook appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: