IronFX Daily Commentary by Charalambos Pissouros | 19/09/2016
September 19, 2016 9:04 am
Fed and BoJ to dominate the week • The BoJ is exp. to stand pat with rates. We exp. the Bank to disappoint some market expectations for further easing, sending USD/JPY lower. • The Fed is exp. to refrain from hiking rates. Focus will be on the revisions of the “dot plot” as well as the updated economic forecasts and Chair Yellen’s remarks.
Over the weekend • V4 countries (Slovakia, Hungary, Poland and Czech Republic) said to veto any Brexit deal that would limit people’s right to work in the UK. • Though not formally discussed, Brexit overshadowed the Bratislava summit. • Oil spiked higher: The Iranian president said the country will support any move to stabilise the market.
Today: • Eurozone: Current account balance for Jul. but usually not a major market mover. • US: NAHB housing index for Sep. is exp. to remain unchanged.
This week: • Thursday: RBNZ and Norges Bank policy meetings. RBNZ is exp. to remain on hold. The NB is exp. to stand pat as well. • Friday: Eurozone prel. PMIs for Sep. and Canada’s CPI data for Aug.
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Fed and BoJ to dominate the week
• The BoJ is exp. to stand pat with rates. We exp. the Bank to disappoint some market expectations for further easing, sending USD/JPY lower.
• The Fed is exp. to refrain from hiking rates. Focus will be on the revisions of the “dot plot” as well as the updated economic forecasts and Chair Yellen’s remarks.
Over the weekend
• V4 countries (Slovakia, Hungary, Poland and Czech Republic) said to veto any Brexit deal that would limit people’s right to work in the UK.
• Though not formally discussed, Brexit overshadowed the Bratislava summit.
• Oil spiked higher: The Iranian president said the country will support any move to stabilise the market.
Today:
• Eurozone: Current account balance for Jul. but usually not a major market mover.
• US: NAHB housing index for Sep. is exp. to remain unchanged.
This week:
• Thursday: RBNZ and Norges Bank policy meetings. RBNZ is exp. to remain on hold. The NB is exp. to stand pat as well.
• Friday: Eurozone prel. PMIs for Sep. and Canada’s CPI data for Aug.
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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