IronFX Daily Commentary by Charalambos Pissouros | 21/06/2016
June 21, 2016 8:50 am
BoJ minutes: concerns about foreign risks • BoJ minutes from the April meeting showed some members concerned regarding increased uncertainty in overseas economies. • Officials said nothing new on the economy. They simply reiterated that the underlying trend in inflation is improving and they stand ready to ease again if needed.
RBA minutes offer no clues on further easing • RBA members reiterated that AUD appreciation could complicate adjustment of the economy to the lower terms of trade. • Noted uncertainty about UK referendum had resulted in increased GBP volatility.
Today: • Germany: ZEW survey for Jun. is exp. to show a decline in both indices. This could prove EUR-negative. • US: Fed Chair Yellen testifies before the Senate Banking Committee. As Yellen already expressed her view on rate hikes at the June FOMC, we don’t expect any significant deviation from those remarks. Reaction in USD may remain limited.
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BoJ minutes: concerns about foreign risks
• BoJ minutes from the April meeting showed some members concerned regarding increased uncertainty in overseas economies.
• Officials said nothing new on the economy. They simply reiterated that the underlying trend in inflation is improving and they stand ready to ease again if needed.
RBA minutes offer no clues on further easing
• RBA members reiterated that AUD appreciation could complicate adjustment of the economy to the lower terms of trade.
• Noted uncertainty about UK referendum had resulted in increased GBP volatility.
Today:
• Germany: ZEW survey for Jun. is exp. to show a decline in both indices. This could prove EUR-negative.
• US: Fed Chair Yellen testifies before the Senate Banking Committee. As Yellen already expressed her view on rate hikes at the June FOMC, we don’t expect any significant deviation from those remarks. Reaction in USD may remain limited.
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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