IronFX Daily Commentary by Charalambos Pissouros | 03/03/2016
March 3, 2016 9:41 am
Asian stocks extend their gains • Most Asian stock markets added to their gains, as global concerns eased a bit. • Risk-on sentiment could remain elevated and demand for safe havens JPY, Gold may lessen. • Pro-risk currencies like AUD and NZD could see some renewed buying interest.
Beige Book offers little comfort to Fed • The Fed’s report showed increased spending, while wage growth was mixed and manufacturing flat. • This offers little evidence to suggest a rate hike in the near-term but keeps the possibilities alive.
Today: • France, Germany & Eurozone: Final service-sector PMIs for Feb. • UK: Service sector PMI for Feb. is exp. to decline. This could prove GBP-negative. • Eurozone: Retail sales for Jan. are exp. to slow down. • US: ISM non-manufacturing PMI and final Markit services PMI, both for Feb. Final Unit Labor Cost index for Q4, factory orders for Jan. and initial jobless claims. • Speakers: Dallas Fed President Robert Kaplan speaks.
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Asian stocks extend their gains
• Most Asian stock markets added to their gains, as global concerns eased a bit.
• Risk-on sentiment could remain elevated and demand for safe havens JPY, Gold may lessen.
• Pro-risk currencies like AUD and NZD could see some renewed buying interest.
Beige Book offers little comfort to Fed
• The Fed’s report showed increased spending, while wage growth was mixed and manufacturing flat.
• This offers little evidence to suggest a rate hike in the near-term but keeps the possibilities alive.
Today:
• France, Germany & Eurozone: Final service-sector PMIs for Feb.
• UK: Service sector PMI for Feb. is exp. to decline. This could prove GBP-negative.
• Eurozone: Retail sales for Jan. are exp. to slow down.
• US: ISM non-manufacturing PMI and final Markit services PMI, both for Feb. Final Unit Labor Cost index for Q4, factory orders for Jan. and initial jobless claims.
• Speakers: Dallas Fed President Robert Kaplan speaks.
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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