IronFX Daily Commentary by Charalambos Pissouros | 27/06/2016
June 27, 2016 8:52 am
Is another referendum brewing in Scotland? • Scotland’s First Minister Sturgeon said that she and her colleagues will start talking with the EU about Scotland remaining in the EU. • She added that a second Scottish independence referendum is “highly likely”. • If such a step is officially announced in the foreseeable future, we could see the pound plunge even more on political uncertainties.
Japan intensifies intervention warnings • PM Abe has instructed Finance Minister Aso to take steps in the FX market if necessary. • Likelihood for further BoJ easing in July has risen. If JPY strengthens rapidly, we could see FX intervention even before that.
Today: • Speakers: ECB “Forum on Central Banking” kicks off with a welcome address by President Mario Draghi. UK Finance Minister George Osborne speaks as well.
This week: • Wednesday: Germany’s prel. CPI for Jun. US personal income & spending, both for May. • Thursday: Eurozone’s prel. CPI rate for Jun. is exp. to rise. • Friday: Japan’s Tankan survey for Q2 and CPI data for May. China’s official & Caixin manufacturing PMIs for Jun. From the US, ISM manufacturing PMI for Jun.
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Is another referendum brewing in Scotland?
• Scotland’s First Minister Sturgeon said that she and her colleagues will start talking with the EU about Scotland remaining in the EU.
• She added that a second Scottish independence referendum is “highly likely”.
• If such a step is officially announced in the foreseeable future, we could see the pound plunge even more on political uncertainties.
Japan intensifies intervention warnings
• PM Abe has instructed Finance Minister Aso to take steps in the FX market if necessary.
• Likelihood for further BoJ easing in July has risen. If JPY strengthens rapidly, we could see FX intervention even before that.
Today:
• Speakers: ECB “Forum on Central Banking” kicks off with a welcome address by President Mario Draghi. UK Finance Minister George Osborne speaks as well.
This week:
• Wednesday: Germany’s prel. CPI for Jun. US personal income & spending, both for May.
• Thursday: Eurozone’s prel. CPI rate for Jun. is exp. to rise.
• Friday: Japan’s Tankan survey for Q2 and CPI data for May. China’s official & Caixin manufacturing PMIs for Jun. From the US, ISM manufacturing PMI for Jun.
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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