IronFX Daily Commentary by Charalambos Pissouros | 13/03/2017
March 13, 2017 10:33 amVideo
Latest News
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
US employment data cement a March hike
• NFP came 235k in Feb., more than the exp. 190k. The unemployment rate ticked down.
• Avg. hourly earnings missed their forecast slightly. As a result, reaction in USD was negative, perhaps on some profit-taking of USD-long positions.
• However, earnings were not soft enough to derail the Fed’s plans. Still expected to hike on Wed.
• Forthcoming USD direction may be decided by the FOMC signals on the rate path.
Euro jumps on reports the ECB could raise rates before end of QE
• EUR jumped on Fri., on a Bloomberg report that ECB could raise rates before QE program ends.
• More of a theoretical question, but shows the thinking of ECB policymakers.
• EUR/USD may stay supported in coming days, at least ahead of the FOMC meeting.
Today:
• Speakers: UK lawmakers will debate the Brexit bill amendment in the House of Commons.
We have a busy week ahead of us:
• Tue: China’s retail sales, industrial production and fixed asset invst. for Jan & Feb.
• Wed: FOMC rate decision. Widely exp. to raise rates. Focus will be on the signals for future increases in rates. Also, Dutch elections could have an impact on the euro.
• Thu: BoJ, BoE, SNB & Norges Bank policy meetings. All exp. to remain on hold.
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: