IronFX Daily Commentary by Charalambos Pissouros | 16/05/2016
May 16, 2016 8:32 am
Soft Chinese data revive stabilization concerns • Fixed asset investment, retail sales and industrial production, all slowed in Apr. adding to doubts whether the economy is stabilizing. • Chinese mainland markets (CSI,SSE) fell but managed to recover and gain a bit. • Commodity currencies such as AUD, NZD could remain under selling interest.
Today: • US: Empire State manufacturing and NAHB housing market indices, both for May.
This week: • Tuesday: New Zealand’s 2-year inflation expectations may determine whether the RBNZ will ease again in the near-term. From the US and UK, we get the CPI for Apr. • Wednesday: FOMC April meeting minutes. We don’t expect these to be a major market mover. Japan’s GDP for Q1 and UK’s employment report for Mar. • Thursday: Australia’s unemployment rate for Apr. and UK’s retail sales for Apr. • Friday: Canada’s CPI data for Apr. Headline rate is exp. to rise. This may support CAD.
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Soft Chinese data revive stabilization concerns
• Fixed asset investment, retail sales and industrial production, all slowed in Apr. adding to doubts whether the economy is stabilizing.
• Chinese mainland markets (CSI,SSE) fell but managed to recover and gain a bit.
• Commodity currencies such as AUD, NZD could remain under selling interest.
Today:
• US: Empire State manufacturing and NAHB housing market indices, both for May.
This week:
• Tuesday: New Zealand’s 2-year inflation expectations may determine whether the RBNZ will ease again in the near-term. From the US and UK, we get the CPI for Apr.
• Wednesday: FOMC April meeting minutes. We don’t expect these to be a major market mover. Japan’s GDP for Q1 and UK’s employment report for Mar.
• Thursday: Australia’s unemployment rate for Apr. and UK’s retail sales for Apr.
• Friday: Canada’s CPI data for Apr. Headline rate is exp. to rise. This 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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