IronFX Daily Commentary by Charalambos Pissouros | 05/07/2016
July 5, 2016 8:49 am
RBA keeps benchmark interest rate unchanged • RBA remained on hold today and did not signal imminent policy action. • AUD near-term direction may be linked to global risk sentiment, given that it is considered a pro-risk currency. • RBA left the door for further easing open, so the Q2 CPI print (Jul.27) may be critical.
BoE is expected to loosen bank rules • BoE will release its biannual Financial Stability Report (outlines risks to fin. stability). • Market chatter suggests the BoE may relax its capital requirements for banks. • Gov. Carney will hold a press conference after the release.
Today: • France, Germany & Eurozone: Final Markit services PMIs for Jun. • Eurozone: Retail sales for May are exp. to rise. • UK: Services PMI for Jun. but any pre-referendum data may pass unnoticed. • US: Factory orders for May are exp. to have fallen. • Speakers: Besides BoE Gov. Carney, ECB Executive Board members Yves Mersch, Sabine Lautenschlager and NY Fed President William Dudley speak.
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
RBA keeps benchmark interest rate unchanged
• RBA remained on hold today and did not signal imminent policy action.
• AUD near-term direction may be linked to global risk sentiment, given that it is considered a pro-risk currency.
• RBA left the door for further easing open, so the Q2 CPI print (Jul.27) may be critical.
BoE is expected to loosen bank rules
• BoE will release its biannual Financial Stability Report (outlines risks to fin. stability).
• Market chatter suggests the BoE may relax its capital requirements for banks.
• Gov. Carney will hold a press conference after the release.
Today:
• France, Germany & Eurozone: Final Markit services PMIs for Jun.
• Eurozone: Retail sales for May are exp. to rise.
• UK: Services PMI for Jun. but any pre-referendum data may pass unnoticed.
• US: Factory orders for May are exp. to have fallen.
• Speakers: Besides BoE Gov. Carney, ECB Executive Board members Yves Mersch, Sabine Lautenschlager and NY Fed President William Dudley speak.
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: