IronFX Daily Commentary by Charalambos Pissouros | 14/11/2016
November 14, 2016 9:51 am
Bond carnage continues as Trump makes USD ‘great again’ • Market moves from last week continued during the Asian morning Monday. • Investors keep selling US bonds as they are concerned of higher future inflation. • This is fuelling USD strength, as higher inflation could cause the Fed to hike rates quicker than previously anticipated. • This may also be the reason behind the recent collapse in gold, as higher interest rates are usually negative for gold prices. • These moves may continue for a while, at least until markets turn back to econ. data.
Today: • Speakers: Dallas Fed President Robert Kaplan.
As for the rest of the week: • Tues: UK CPI and US retail sales, both for Oct. • Wed: UK employment data for Sep. Both the unempl. rate and avg. earnings are exp. unchanged. We see downside risks to the unempl. rate. If so, this may support GBP. • Thurs: UK retail sales and US CPI, both for Oct. • Frid: Canada’s CPI rate for Oct. is exp. to rise, which may support CAD.
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Bond carnage continues as Trump makes USD ‘great again’
• Market moves from last week continued during the Asian morning Monday.
• Investors keep selling US bonds as they are concerned of higher future inflation.
• This is fuelling USD strength, as higher inflation could cause the Fed to hike rates quicker than previously anticipated.
• This may also be the reason behind the recent collapse in gold, as higher interest rates are usually negative for gold prices.
• These moves may continue for a while, at least until markets turn back to econ. data.
Today:
• Speakers: Dallas Fed President Robert Kaplan.
As for the rest of the week:
• Tues: UK CPI and US retail sales, both for Oct.
• Wed: UK employment data for Sep. Both the unempl. rate and avg. earnings are exp. unchanged. We see downside risks to the unempl. rate. If so, this may support GBP.
• Thurs: UK retail sales and US CPI, both for Oct.
• Frid: Canada’s CPI rate for Oct. is exp. to rise, which may support CAD.
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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