IronFX Daily Commentary by Charalambos Pissouros | 14/06/2016
June 14, 2016 7:50 am
Japan’s Aso resumes intervention talk • Japan’s Fin. Min. Aso reiterated that “rapid and speculative” moves in the FX market may warrant responses. • Closely watching “Brexit” referendum given its potential impact on markets. • Given June’s risk events, we expect JPY to remain resilient and perhaps strengthen further as FX volatility spikes higher.
Today: • Sweden: CPI for May is exp. to slow. This could prove SEK-negative. • UK: CPI for May is exp. to accelerate. This could strengthen GBP somewhat, but the pound continues to be driven by incoming polls and not that much by data. • Eurozone: Industrial production for Apr. • US: Retail sales for May are exp. to slow. This could hurt a bit USD. • Speakers: Norges Bank Governor Oystein Olsen.
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Japan’s Aso resumes intervention talk
• Japan’s Fin. Min. Aso reiterated that “rapid and speculative” moves in the FX market may warrant responses.
• Closely watching “Brexit” referendum given its potential impact on markets.
• Given June’s risk events, we expect JPY to remain resilient and perhaps strengthen further as FX volatility spikes higher.
Today:
• Sweden: CPI for May is exp. to slow. This could prove SEK-negative.
• UK: CPI for May is exp. to accelerate. This could strengthen GBP somewhat, but the pound continues to be driven by incoming polls and not that much by data.
• Eurozone: Industrial production for Apr.
• US: Retail sales for May are exp. to slow. This could hurt a bit USD.
• Speakers: Norges Bank Governor Oystein Olsen.
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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