IronFX Daily Commentary by Charalambos Pissouros | 24/03/2016
March 24, 2016 9:47 am
Dollar rises on more “hawkish” Fed talk • USD rose further after Fed’s Bullard reaffirmed that every meeting is a live meeting. • Fed speakers may be trying to convince investors that 2 rates hikes are realistic. Markets currently expect only 1. • USD may gain further on more hawkish Fed-talk. Chair Yellen speaks next week.
Some BoJ members doubt negative rate policy • In the March meeting, some BoJ members proposed to roll back negative rates. • This suggests that cutting rates further may be more unlikely in coming meetings.
Today: • Germany: Gfk consumer confidence for Apr. • Eurozone: ECB releases economic bulletin of Mar. policy meeting. • UK: Retail sales for Feb. are exp. to fall. This may prove negative for GBP. • US: Durable goods orders for Feb. are exp. to fall. Could prove USD-negative. Prel. Markit services PMI for Mar. and initial jobless claims for week end Mar. 18th. • Speakers: St. Louis Fed President James Bullard speaks again.
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
Dollar rises on more “hawkish” Fed talk
• USD rose further after Fed’s Bullard reaffirmed that every meeting is a live meeting.
• Fed speakers may be trying to convince investors that 2 rates hikes are realistic. Markets currently expect only 1.
• USD may gain further on more hawkish Fed-talk. Chair Yellen speaks next week.
Some BoJ members doubt negative rate policy
• In the March meeting, some BoJ members proposed to roll back negative rates.
• This suggests that cutting rates further may be more unlikely in coming meetings.
Today:
• Germany: Gfk consumer confidence for Apr.
• Eurozone: ECB releases economic bulletin of Mar. policy meeting.
• UK: Retail sales for Feb. are exp. to fall. This may prove negative for GBP.
• US: Durable goods orders for Feb. are exp. to fall. Could prove USD-negative. Prel. Markit services PMI for Mar. and initial jobless claims for week end Mar. 18th.
• Speakers: St. Louis Fed President James Bullard speaks again.
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
Related Posts: