IronFX Daily Commentary by Charalambos Pissouros | 12/04/2016
April 12, 2016 8:46 am
US earnings season kicks off • US earnings season has kicked off and given the financial turbulence of Q1 is expected to paint a bleak picture. • Market chatter suggests that earnings may fall up to 9%, and the biggest losers are expected to be energy companies. • This could in turn weigh on US equities such as S&P 500. • If this triggers more risk aversion, it may hurt commodity currencies and extent the yen’s and gold’s recent gains.
Today: • Germany: Final CPI for Mar. Reaction in EUR may remain minimal. • Sweden: CPI for Mar. is exp. to accelerate, which could support SEK at the release. Also, PES unemployment rate for Mar. • UK: CPI rate for Mar. is exp. to rise. This could add fuel to GBP’s Monday rally. • US: NFIB small business optimism for Mar. • Speakers: Philadelphia Fed President Patrick Harker, San Francisco Fed President John Williams and Richmond Fed President Jeffrey Lacker.
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US earnings season kicks off
• US earnings season has kicked off and given the financial turbulence of Q1 is expected to paint a bleak picture.
• Market chatter suggests that earnings may fall up to 9%, and the biggest losers are expected to be energy companies.
• This could in turn weigh on US equities such as S&P 500.
• If this triggers more risk aversion, it may hurt commodity currencies and extent the yen’s and gold’s recent gains.
Today:
• Germany: Final CPI for Mar. Reaction in EUR may remain minimal.
• Sweden: CPI for Mar. is exp. to accelerate, which could support SEK at the release. Also, PES unemployment rate for Mar.
• UK: CPI rate for Mar. is exp. to rise. This could add fuel to GBP’s Monday rally.
• US: NFIB small business optimism for Mar.
• Speakers: Philadelphia Fed President Patrick Harker, San Francisco Fed President John Williams and Richmond Fed President Jeffrey Lacker.
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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