IronFX Daily Commentary by Charalambos Pissouros | 15/03/2016
March 15, 2016 9:16 am
Yen strengthens as BoJ holds fire • The BoJ stayed on hold, but reaffirmed its pledge to ease further if needed. • The Bank now expects 0% inflation for the time being. • Nikkei is down 1%, while the yen strengthened against its major peers. • JPY direction is likely to depend on any shifts in global risk sentiment.
RBA minutes strike a more dovish tone • The RBA minutes were slightly more dovish than the decision statement. • AUD/USD fell as the easing bias remains on the table. • Economic data going forwards will determine AUD near-term direction. (unempl. on Thur)
Today: • France: CPI for Feb. is exp. to dip into negative territory. Not major mover. • Sweden: CPI for Feb. is exp. to have slowed. This could prove SEK-negative. • US: Retail sales for Feb. are exp. to fall. This could extend USD recent losses. Empire State manufacturing index and NAHB housing market index, both for Mar. PPI for Feb. is coming out as well. • Speakers: Riksbank Governor Stefan Ingves.
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Yen strengthens as BoJ holds fire
• The BoJ stayed on hold, but reaffirmed its pledge to ease further if needed.
• The Bank now expects 0% inflation for the time being.
• Nikkei is down 1%, while the yen strengthened against its major peers.
• JPY direction is likely to depend on any shifts in global risk sentiment.
RBA minutes strike a more dovish tone
• The RBA minutes were slightly more dovish than the decision statement.
• AUD/USD fell as the easing bias remains on the table.
• Economic data going forwards will determine AUD near-term direction. (unempl. on Thur)
Today:
• France: CPI for Feb. is exp. to dip into negative territory. Not major mover.
• Sweden: CPI for Feb. is exp. to have slowed. This could prove SEK-negative.
• US: Retail sales for Feb. are exp. to fall. This could extend USD recent losses. Empire State manufacturing index and NAHB housing market index, both for Mar. PPI for Feb. is coming out as well.
• Speakers: Riksbank Governor Stefan Ingves.
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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