IronFX Daily Commentary by Charalambos Pissouros | 20/09/2016
September 20, 2016 8:24 am
RBA minutes: No plans to act again anytime soon… • RBA officials noted that recent data suggest economy is growing around estimates of potential. • The current stance of policy is consistent with sustainable growth and achieving inflation targets. • The Board repeated that rising AUD would complicate economic rebalancing. • The relatively more upbeat tone suggests that the Bank could stay on hold for some time, which could keep AUD supported.
Today: • Germany: PPI for Aug. expected to fall at a slower pace. Usually not market mover. • US: Building permits and housing starts for Aug. Housing starts exp. to have declined, while building permits are exp. to have ticked up. Overall, positive report but ahead of the Fed meeting any reaction should stay limited. • Speakers: BoC Governor Stephen Poloz speaks.
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RBA minutes: No plans to act again anytime soon…
• RBA officials noted that recent data suggest economy is growing around estimates of potential.
• The current stance of policy is consistent with sustainable growth and achieving inflation targets.
• The Board repeated that rising AUD would complicate economic rebalancing.
• The relatively more upbeat tone suggests that the Bank could stay on hold for some time, which could keep AUD supported.
Today:
• Germany: PPI for Aug. expected to fall at a slower pace. Usually not market mover.
• US: Building permits and housing starts for Aug. Housing starts exp. to have declined, while building permits are exp. to have ticked up. Overall, positive report but ahead of the Fed meeting any reaction should stay limited.
• Speakers: BoC Governor Stephen Poloz speaks.
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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