IronFX Daily Commentary by Charalambos Pissouros | 14/10/2016
October 14, 2016 8:41 am
Scotland announces the first step towards a second referendum • Scotland’s first minister said that an Independence Referendum Bill will be published next week, a first step towards holding another vote. • This could be yet another factor that adds downward pressure to GBP, once made official. • Also, UK High Court decides next week if government can trigger Article 50 on its own, or if it needs to pass through Parliament. • If the Court says the government can proceed alone, it could prove GBP-negative. • If it needs Parliament’s approval, sterling could rally on speculation that lawmakers may vote against Article 50.
Today: • Eurozone: Trade surplus for Aug. is exp. to narrow significantly. • US: Retail sales for Sep. are exp. to have risen notably. This could support USD. Also, PPI for Sep. and U of M consumer sentiment for Oct. • Speakers: Fed Chair Yellen and Cleveland Fed President Loretta Mester. We don’t expect any game-changing remarks from Yellen, as we already heard from her recently at the Sep. FOMC. Nonetheless, any fresh comments on monetary policy could prove cause for volatility in USD.
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
Scotland announces the first step towards a second referendum
• Scotland’s first minister said that an Independence Referendum Bill will be published next week, a first step towards holding another vote.
• This could be yet another factor that adds downward pressure to GBP, once made official.
• Also, UK High Court decides next week if government can trigger Article 50 on its own, or if it needs to pass through Parliament.
• If the Court says the government can proceed alone, it could prove GBP-negative.
• If it needs Parliament’s approval, sterling could rally on speculation that lawmakers may vote against Article 50.
Today:
• Eurozone: Trade surplus for Aug. is exp. to narrow significantly.
• US: Retail sales for Sep. are exp. to have risen notably. This could support USD. Also, PPI for Sep. and U of M consumer sentiment for Oct.
• Speakers: Fed Chair Yellen and Cleveland Fed President Loretta Mester. We don’t expect any game-changing remarks from Yellen, as we already heard from her recently at the Sep. FOMC. Nonetheless, any fresh comments on monetary policy could prove cause for volatility in USD.
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: