IronFX Daily Commentary by Charalambos Pissouros | 22/02/2016
February 22, 2016 9:52 am
Cameron secures EU deal; referendum set for June • UK PM Cameron secured a deal with the EU on Friday. GBP/USD jumped almost 150 pips. • But gave back all the gains at the open Monday after London’s Mayor said he will vote to Leave. • With the referendum set for June, GBP direction may be determined by the results of the polls going into the vote.
Today: • France, Germany & Eurozone: Prel. Manufacturing & services PMIs, all for Feb. Exp. to decline, which could prove EUR-negative. • US: Prel. Markit manufacturing PMI for Feb is exp. to increase slightly. • Speakers: ECB Executive Board member Sabine Lautenschlager.
This week: • Tuesday: Germany’s Ifo survey. Both figures are exp. to decline. Could prove EUR-negative. • Wednesday: No major indicators. • Thursday: UK 2nd estimate of Q4 GDP. US durable goods orders for Jan. are exp. to rise. • Friday: Japan’s CPI for Jan. Germany’s prel. CPI for February is exp. to slow down. From US, 2nd estimate of Q4 GDP is exp. to be revised down. Personal income & personal spending for Jan. are both exp. to accelerate.
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Cameron secures EU deal; referendum set for June
• UK PM Cameron secured a deal with the EU on Friday. GBP/USD jumped almost 150 pips.
• But gave back all the gains at the open Monday after London’s Mayor said he will vote to Leave.
• With the referendum set for June, GBP direction may be determined by the results of the polls going into the vote.
Today:
• France, Germany & Eurozone: Prel. Manufacturing & services PMIs, all for Feb. Exp. to decline, which could prove EUR-negative.
• US: Prel. Markit manufacturing PMI for Feb is exp. to increase slightly.
• Speakers: ECB Executive Board member Sabine Lautenschlager.
This week:
• Tuesday: Germany’s Ifo survey. Both figures are exp. to decline. Could prove EUR-negative.
• Wednesday: No major indicators.
• Thursday: UK 2nd estimate of Q4 GDP. US durable goods orders for Jan. are exp. to rise.
• Friday: Japan’s CPI for Jan. Germany’s prel. CPI for February is exp. to slow down. From US, 2nd estimate of Q4 GDP is exp. to be revised down. Personal income & personal spending for Jan. are both exp. to accelerate.
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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