IronFX Daily Commentary by Charalambos Pissouros | 09/06/2016
June 9, 2016 7:49 am
RBNZ holds its fire, Kiwi surges • The RBNZ remained on hold overnight and maintained its easing bias. • NZD/USD surged more than 120 pips on the news and continued higher. • Further cuts could be on the cards as early as August, but this will be determined by incoming data. • NZD/USD could keep its positive momentum, at least until fresh data show if the Bank will ease again.
Today: • UK: Trade balance for Apr. is exp. unchanged. Usually not a market mover. • US: Initial jobless claims for week ended 3rd Jun. are exp. to rise a bit. • Canada: BoC releases Financial System Review. • Speakers: BoC Governor Poloz holds press conference following the report. ECB President Mario Draghi speaks as well.
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
RBNZ holds its fire, Kiwi surges
• The RBNZ remained on hold overnight and maintained its easing bias.
• NZD/USD surged more than 120 pips on the news and continued higher.
• Further cuts could be on the cards as early as August, but this will be determined by incoming data.
• NZD/USD could keep its positive momentum, at least until fresh data show if the Bank will ease again.
Today:
• UK: Trade balance for Apr. is exp. unchanged. Usually not a market mover.
• US: Initial jobless claims for week ended 3rd Jun. are exp. to rise a bit.
• Canada: BoC releases Financial System Review.
• Speakers: BoC Governor Poloz holds press conference following the report. ECB President Mario Draghi 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
Related Posts: