IronFX Daily Commentary by Charalambos Pissouros | 18/03/2016
March 18, 2016 9:21 am
BoE: “Brexit” uncertainty may hit growth • The BoE remained on hold, but noted some effects of the uncertainty surrounding the “Brexit” referendum. • This uncertainty could depress economic growth and may be the driver behind GBP’s recent depreciation. • However, GBP strengthened as the officials did not mention a possible rate cut.
BoJ debated expanding QQE in January • BoJ January minutes showed that officials debated expanding the QQE program. • This adds to expectations that if they ease further, rates and QQE may be used.
Today: • Germany: PPI for Feb. • Norway: Unemployment rate for Mar. • Canada: CPI for Feb. is exp. to have slowed. This could prove CAD-negative. Also, retail sales for Jan. • US: Prel. U of M consumer sentiment for Mar. is exp. to increase a bit. • Speakers: NY Fed President William Dudley, Boston Fed President Eric Rosengren and St. Louis Fed President James Bullard.
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BoE: “Brexit” uncertainty may hit growth
• The BoE remained on hold, but noted some effects of the uncertainty surrounding the “Brexit” referendum.
• This uncertainty could depress economic growth and may be the driver behind GBP’s recent depreciation.
• However, GBP strengthened as the officials did not mention a possible rate cut.
BoJ debated expanding QQE in January
• BoJ January minutes showed that officials debated expanding the QQE program.
• This adds to expectations that if they ease further, rates and QQE may be used.
Today:
• Germany: PPI for Feb.
• Norway: Unemployment rate for Mar.
• Canada: CPI for Feb. is exp. to have slowed. This could prove CAD-negative. Also, retail sales for Jan.
• US: Prel. U of M consumer sentiment for Mar. is exp. to increase a bit.
• Speakers: NY Fed President William Dudley, Boston Fed President Eric Rosengren and St. Louis Fed President James Bullard.
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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