IronFX Daily Commentary by Charalambos Pissouros | 13/09/2016
September 13, 2016 8:27 am
• Fed’s Brainard pours cold water on a near-term rate hike • Brainard was dovish, emphasizing caution in raising rates too quickly. • US stocks surged and USD tumbled, but the dollar recovered almost immediately to trade virtually unchanged in the aftermath. • USD could trade in a choppy manner until further data shed light on the likelihood for a Sep. action. • Retail sales and CPI, both for Aug., due out on Thursday and Friday respectively. • Today: • Sweden: CPI for Aug. is exp. to accelerate somewhat. This could support SEK. • UK: CPI rate for Aug. is also exp. to rise. This could prove GBP-positive. • Germany: ZEW survey for Sep. Current conditions index is exp. to decline, expectations index to rise. Net-net, this may support the euro. • US: NFIB small business optimism for Aug. • Speakers: ECB President Mario Draghi and ECB Executive Board member Sabine Lautenschlager.
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• Fed’s Brainard pours cold water on a near-term rate hike
• Brainard was dovish, emphasizing caution in raising rates too quickly.
• US stocks surged and USD tumbled, but the dollar recovered almost immediately to trade virtually unchanged in the aftermath.
• USD could trade in a choppy manner until further data shed light on the likelihood for a Sep. action.
• Retail sales and CPI, both for Aug., due out on Thursday and Friday respectively.
• Today:
• Sweden: CPI for Aug. is exp. to accelerate somewhat. This could support SEK.
• UK: CPI rate for Aug. is also exp. to rise. This could prove GBP-positive.
• Germany: ZEW survey for Sep. Current conditions index is exp. to decline, expectations index to rise. Net-net, this may support the euro.
• US: NFIB small business optimism for Aug.
• Speakers: ECB President Mario Draghi and ECB Executive Board member Sabine Lautenschlager.
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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