IronFX Daily Commentary by Charalambos Pissouros | 25/03/2016
March 25, 2016 9:39 am
Atlanta Fed revises down US Q1 GDP forecast • The Atlanta Fed GDPNow, a closely watched tracker of US growth, revised down its GDP forecast for Q1. • This may be a first sign that the global turmoil has left its marks on US economy. • Further softness in incoming data could push rate hike expectations back.
Soft inflation keeps BoJ under pressure • Japan’s CPI for Feb. disappointed, increasing the likelihood for further BoJ easing in upcoming meetings. • If speculation that the Bank will expand its QE program rises, this could keep Japanese stocks supported.
Today: • France: Final Q4 GDP is exp. to confirm its prel. estimate. Usually, not a major market mover. • US: Final GDP and core personal consumption index, both for Q4, are exp. to confirm their 2nd estimates. We exp. the reaction in USD to remain limited, as the data may be seen as outdated given the volatile start of the year. 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
Atlanta Fed revises down US Q1 GDP forecast
• The Atlanta Fed GDPNow, a closely watched tracker of US growth, revised down its GDP forecast for Q1.
• This may be a first sign that the global turmoil has left its marks on US economy.
• Further softness in incoming data could push rate hike expectations back.
Soft inflation keeps BoJ under pressure
• Japan’s CPI for Feb. disappointed, increasing the likelihood for further BoJ easing in upcoming meetings.
• If speculation that the Bank will expand its QE program rises, this could keep Japanese stocks supported.
Today:
• France: Final Q4 GDP is exp. to confirm its prel. estimate. Usually, not a major market mover.
• US: Final GDP and core personal consumption index, both for Q4, are exp. to confirm their 2nd estimates. We exp. the reaction in USD to remain limited, as the data may be seen as outdated given the volatile start of the year.
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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