IronFX Daily Commentary by Charalambos Pissouros | 19/07/2016
July 19, 2016 10:01 am
• Aussie weakens on easing bias • RBA meeting minutes showed that data on inflation, employment and housing will allow the Bank to refine the outlook for economy. • This information will allow the Board to make any adjustments to the stance of policy if needed. (cut rates or stay on hold) • Board members also reiterated that strong AUD could complicate economic rebalancing. • Focus remains on the incoming data for AUD near term bias. • IMF updates World Economic Outlook • The fund will most likely cut its forecast for the UK growth. It had warned that leaving the EU would had a negative outlook for the UK economy. ?? Vs 2.2% pr. • IMF could also cut its forecasts for world growth for the 3rd time this year. 3.4%, 3.2%, ? • Today: • Germany: ZEW survey for Jul. Both current conditions and exp. indices are forecast to have declined. This could prove negative for EUR and DAX. • UK: CPI for Jun. Headline and core rates exp. to rise. These are pre-referendum data. • US: Housing starts and building permits for June. Net-net could be USD-positive.
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• Aussie weakens on easing bias
• RBA meeting minutes showed that data on inflation, employment and housing will allow the Bank to refine the outlook for economy.
• This information will allow the Board to make any adjustments to the stance of policy if needed. (cut rates or stay on hold)
• Board members also reiterated that strong AUD could complicate economic rebalancing.
• Focus remains on the incoming data for AUD near term bias.
• IMF updates World Economic Outlook
• The fund will most likely cut its forecast for the UK growth. It had warned that leaving the EU would had a negative outlook for the UK economy. ?? Vs 2.2% pr.
• IMF could also cut its forecasts for world growth for the 3rd time this year. 3.4%, 3.2%, ?
• Today:
• Germany: ZEW survey for Jul. Both current conditions and exp. indices are forecast to have declined. This could prove negative for EUR and DAX.
• UK: CPI for Jun. Headline and core rates exp. to rise. These are pre-referendum data.
• US: Housing starts and building permits for June. Net-net could be USD-positive.
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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