IronFX Daily Commentary by Charalambos Pissouros | 06/04/2016
April 6, 2016 8:29 am
China’s data soothe concerns of further slowdown • China’s Caixin services PMI for Mar. rose, following increases in the manufacturing PMIs. • These may be early signs that the global turmoil at the turn of the year may have eased somewhat. • Focus now turns to a plethora of Chinese data due out next week. (incl. GDP) • If these confirm the economy is improving, AUD & NZD may gain further.
Today: • Germany: Industrial production for Feb. Usually not a major market mover. • US: Fed minutes from Mar. FOMC meeting. Following Yellen’s dovish performance and recent Fed speakers, the minutes are unlikely to reveal any new insights. Thus, reaction in USD may remain limited. • Canada: Ivey PMI for Mar. is exp. to rise. This could support the Loonie a bit. • Speakers: Riksbank Governor Stefan Ingves and Cleveland Fed President Loretta Mester
China’s data soothe concerns of further slowdown
• China’s Caixin services PMI for Mar. rose, following increases in the manufacturing PMIs.
• These may be early signs that the global turmoil at the turn of the year may have eased somewhat.
• Focus now turns to a plethora of Chinese data due out next week. (incl. GDP)
• If these confirm the economy is improving, AUD & NZD may gain further.
Today:
• Germany: Industrial production for Feb. Usually not a major market mover.
• US: Fed minutes from Mar. FOMC meeting. Following Yellen’s dovish performance and recent Fed speakers, the minutes are unlikely to reveal any new insights. Thus, reaction in USD may remain limited.
• Canada: Ivey PMI for Mar. is exp. to rise. This could support the Loonie a bit.
•
Speakers: Riksbank Governor Stefan Ingves and Cleveland Fed President Loretta Mester
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