IronFX Daily Commentary by Charalambos Pissouros | 19/04/2016
April 19, 2016 8:31 am
RBA minutes: Nothing new • The RBA policy minutes showed concerns by the Board about the recent strength of AUD. • Gov. Stevens speaks today. Given the concerns, he may try to “jawbone” AUD. • The medium-term outlook of AUD/USD is positive, thus we will treat any potential tumble as renewed buying opportunity. • Focus remains on the data as officials maintained their data dependency (important: CPI for Q1 next week).
Today: • Germany: ZEW survey for Apr. Expectations index is exp. to rise, current conditions to decline marginally. Could prove EUR-positive at the release. • Eurozone: Current account balance for Feb. • US: Building permits and housing starts, both for Mar. These may support USD. • Speakers: Besides RBA Gov. Stevens, BoE Gov. Mark Carney and UK Chancellor of the Exchequer George Osborne. Osborne presents to parliament an analysis on the costs and benefits of EU membership. Focus may be on the Q&A session.
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RBA minutes: Nothing new
• The RBA policy minutes showed concerns by the Board about the recent strength of AUD.
• Gov. Stevens speaks today. Given the concerns, he may try to “jawbone” AUD.
• The medium-term outlook of AUD/USD is positive, thus we will treat any potential tumble as renewed buying opportunity.
• Focus remains on the data as officials maintained their data dependency (important: CPI for Q1 next week).
Today:
• Germany: ZEW survey for Apr. Expectations index is exp. to rise, current conditions to decline marginally. Could prove EUR-positive at the release.
• Eurozone: Current account balance for Feb.
• US: Building permits and housing starts, both for Mar. These may support USD.
• Speakers: Besides RBA Gov. Stevens, BoE Gov. Mark Carney and UK Chancellor of the Exchequer George Osborne. Osborne presents to parliament an analysis on the costs and benefits of EU membership. Focus may be on the Q&A session.
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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