IronFX Daily Commentary by Charalambos Pissouros | 23/03/2016
March 23, 2016 9:22 am
Brussels attacks weigh on the market • Following the attacks, EUR and European equities tumbled. JPY gained. • European equities and JPY recovered, but EUR remained lower. • This could affect consumer confidence or risk sentiment. Further weakness in EUR and European equities is possible.
Canada’s budget lives up to expectations • Canada’s new budget was in line with expectations (deficit = CAD 29.4 billion). • We expect that the fiscal boost lowers the chances for any further easing by the BoC in the near term.
Today: • Sweden: Consumer and manufacturing confidence indices for Mar. Could prove SEK-positive. • US: New home sales for Feb. are exp. to rise, which could support USD a bit. • Speakers: ECB Governing Council member Jens Weidmann and Canada Finance Minister Bill Morneau.
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Brussels attacks weigh on the market
• Following the attacks, EUR and European equities tumbled. JPY gained.
• European equities and JPY recovered, but EUR remained lower.
• This could affect consumer confidence or risk sentiment. Further weakness in EUR and European equities is possible.
Canada’s budget lives up to expectations
• Canada’s new budget was in line with expectations (deficit = CAD 29.4 billion).
• We expect that the fiscal boost lowers the chances for any further easing by the BoC in the near term.
Today:
• Sweden: Consumer and manufacturing confidence indices for Mar. Could prove SEK-positive.
• US: New home sales for Feb. are exp. to rise, which could support USD a bit.
• Speakers: ECB Governing Council member Jens Weidmann and Canada Finance Minister Bill Morneau.
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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