IronFX Daily Commentary by Charalambos Pissouros | 13/07/2016
July 13, 2016 8:34 am
Bank of Canada to take the sidelines • The BoC is widely expected to remain on hold and perhaps sound a bit dovish. • Soft jobs data for June and the “Brexit” vote could indeed lead to a shift in language, to sound more cautious. • But we believe that the latest moves in global markets may offer reassurance that the “Brexit” impact will be contained. • Previous fiscal stimulus measures are still underway as well. • We expect the BoC to maintain a neutral tone overall that may keep the reaction in CAD limited.
Today: • Eurozone: Industrial production for May is exp. to have fallen. • US: Fed will release its Beige Book of economic conditions. Usually not a major market mover. • Speakers: BoC Governor Stephen Poloz will hold a press conference following the rate decision. Dallas Fed President Robert Kaplan speaks as well.
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Bank of Canada to take the sidelines
• The BoC is widely expected to remain on hold and perhaps sound a bit dovish.
• Soft jobs data for June and the “Brexit” vote could indeed lead to a shift in language, to sound more cautious.
• But we believe that the latest moves in global markets may offer reassurance that the “Brexit” impact will be contained.
• Previous fiscal stimulus measures are still underway as well.
• We expect the BoC to maintain a neutral tone overall that may keep the reaction in CAD limited.
Today:
• Eurozone: Industrial production for May is exp. to have fallen.
• US: Fed will release its Beige Book of economic conditions. Usually not a major market mover.
• Speakers: BoC Governor Stephen Poloz will hold a press conference following the rate decision. Dallas Fed President Robert Kaplan 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
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