IronFX Daily Commentary by Charalambos Pissouros | 01/07/2016
July 1, 2016 8:27 am
BoE’s Carney says easing may be required over the summer • BoE Gov. Carney said further stimulus may be needed following the Brexit vote. • Sterling plunged while the FTSE 100 rose well above its pre-Brexit levels. • BoE has meetings in July and August, with the latter seemingly being the most preferable month to act, as we get the updated Inflation Report. • Risks still to downside for GBP, as the political situation remains highly uncertain.
Today: • France, Germany & Eurozone: Final Markit manufacturing PMIs for Jun. • Eurozone: Unemployment rate for May is exp. to decline. • Norway: Unemployment rate for Jun. is exp. to rise. This could hurt NOK a bit. • UK: Manufacturing PMI for Jun. but any pre-referendum data may pass unnoticed. • US: ISM manufacturing PMI for Jun. is exp. to rise a bit. We see a likelihood for a bigger-than-expected rise, which may support USD. Also, final Markit manufacturing PMI for Jun. • Speakers: ECB Executive Board members Benoit Coeure and Peter Praet. Cleveland Fed President Loretta Mester speaks as well.
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BoE’s Carney says easing may be required over the summer
• BoE Gov. Carney said further stimulus may be needed following the Brexit vote.
• Sterling plunged while the FTSE 100 rose well above its pre-Brexit levels.
• BoE has meetings in July and August, with the latter seemingly being the most preferable month to act, as we get the updated Inflation Report.
• Risks still to downside for GBP, as the political situation remains highly uncertain.
Today:
• France, Germany & Eurozone: Final Markit manufacturing PMIs for Jun.
• Eurozone: Unemployment rate for May is exp. to decline.
• Norway: Unemployment rate for Jun. is exp. to rise. This could hurt NOK a bit.
• UK: Manufacturing PMI for Jun. but any pre-referendum data may pass unnoticed.
• US: ISM manufacturing PMI for Jun. is exp. to rise a bit. We see a likelihood for a bigger-than-expected rise, which may support USD. Also, final Markit manufacturing PMI for Jun.
• Speakers: ECB Executive Board members Benoit Coeure and Peter Praet. Cleveland Fed President Loretta Mester speaks as well.
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
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