IronFX Daily Commentary by Charalambos Pissouros | 20/04/2016
April 20, 2016 8:44 am
BoJ Kuroda shoots down “helicopter money” • BoJ Gov. Kuroda said that he is not considering concept of “helicopter money”. • As helicopter money is the “heavy artillery” of mon. policy, this could add to concerns the BoJ is running out of ammunition. • At the G20 meeting, Gov. Kuroda said they could take additional easing steps if needed. (they may cut again)
BoE Carney reiterates “Brexit” risks • BoE Gov. reiterated risks arising from the uncertainty around the referendum. • We expect uncertainty to continue rising, so we would treat any short-term rally in Cable as providing renewed selling opportunities.
Today: • UK: Jobs report for Feb. Unemployment rate is exp. to remain unchanged, average weekly earnings to accelerate. This could prove GBP-positive at the release. But selling opportunity for the medium term. • US: Existing home sales for Mar. are exp. to rise. Usually not a market mover. • Speakers: ECB President Mario Draghi, Bank of Canada Gov. Stephen Poloz and Norges Bank Gov. Oystein Olsen.
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BoJ Kuroda shoots down “helicopter money”
• BoJ Gov. Kuroda said that he is not considering concept of “helicopter money”.
• As helicopter money is the “heavy artillery” of mon. policy, this could add to concerns the BoJ is running out of ammunition.
• At the G20 meeting, Gov. Kuroda said they could take additional easing steps if needed. (they may cut again)
BoE Carney reiterates “Brexit” risks
• BoE Gov. reiterated risks arising from the uncertainty around the referendum.
• We expect uncertainty to continue rising, so we would treat any short-term rally in Cable as providing renewed selling opportunities.
Today:
• UK: Jobs report for Feb. Unemployment rate is exp. to remain unchanged, average weekly earnings to accelerate. This could prove GBP-positive at the release. But selling opportunity for the medium term.
• US: Existing home sales for Mar. are exp. to rise. Usually not a market mover.
• Speakers: ECB President Mario Draghi, Bank of Canada Gov. Stephen Poloz and Norges Bank Gov. Oystein Olsen.
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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