IronFX Daily Commentary by Charalambos Pissouros | 12/08/2016
August 12, 2016 8:36 am
Fed Williams: Fed should hike this year • San Francisco Fed Pre. John Williams (not a voting member) said that the Fed should raise rates this year. • USD gained a bit, supported also by weak Chinese data. Focus now on US retail sales.
China’s data offer more evidence of a slowdown • China’s industrial production, fixed asset investment and retail sales, all slowed in July. • Signs that the economic recovery is not as strong as expected raises the likelihood for further easing by the PBoC. • AUD&NZD gave back some of their recent gains on the news and could weaken further as EU markets open.
Today: • Eurozone, Prel. GDP data for Q2. Forecast for a slowdown. Could raise speculation for further stimulus by the ECB. Industrial production for Jun. also coming out. • Germany: Prel. GDP data for Q2. Also exp. to show economic slowdown. EUR-negative. Final CPI for Jul. exp. to confirm the flash estimate. • US: Retail sales for Jul. are exp. to slow, but nevertheless still show a healthy pace.
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Fed Williams: Fed should hike this year
• San Francisco Fed Pre. John Williams (not a voting member) said that the Fed should raise rates this year.
• USD gained a bit, supported also by weak Chinese data. Focus now on US retail sales.
China’s data offer more evidence of a slowdown
• China’s industrial production, fixed asset investment and retail sales, all slowed in July.
• Signs that the economic recovery is not as strong as expected raises the likelihood for further easing by the PBoC.
• AUD&NZD gave back some of their recent gains on the news and could weaken further as EU markets open.
Today:
• Eurozone, Prel. GDP data for Q2. Forecast for a slowdown. Could raise speculation for further stimulus by the ECB. Industrial production for Jun. also coming out.
• Germany: Prel. GDP data for Q2. Also exp. to show economic slowdown. EUR-negative. Final CPI for Jul. exp. to confirm the flash estimate.
• US: Retail sales for Jul. are exp. to slow, but nevertheless still show a healthy pace.
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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/wSEbPNÂ
• 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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