IronFX Daily Commentary by Charalambos Pissouros | 28/03/2017
March 28, 2017 9:16 am
ECB policymakers provide more “hawkish” hints • EUR/USD rose further yest., amid “hawkish” remarks from ECB’s Lautenschlager and Weidman. • Both hinted the ECB may have to change policy, as soon as the data support something like that. • Even though these are far from clear signals that the Bank may actually change its policy, they show what the officials would prefer. • EUR may supported as the theme of a reduction in ECB stimulus has attracted a lot of attention. • Also, watch out for remarks from ECB’s Coeure today. Optimistic hints could prove EUR-positive.
Today’s highlights: • Sweden: Retail sales and PPI, both for Feb. • US: CB consumer confidence index and Richmond Fed manufacturing index, both for Mar. • Speakers: Fed Chair Yellen, Kansas City Fed Pres. George and Dallas Fed Pres. Kaplan. Also, ECB Exec. Board member Coeure, Bank of Canada Governor Poloz, and Riksbank Governor Ingves. We do not expect Yellen to offer any clear hints with regards to the next hike. USD reaction may be limited. Poloz was dovish in his last appearances. If he reiterates similar remarks, it may prove CAD-negative.
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
ECB policymakers provide more “hawkish” hints
• EUR/USD rose further yest., amid “hawkish” remarks from ECB’s Lautenschlager and Weidman.
• Both hinted the ECB may have to change policy, as soon as the data support something like that.
• Even though these are far from clear signals that the Bank may actually change its policy, they show what the officials would prefer.
• EUR may supported as the theme of a reduction in ECB stimulus has attracted a lot of attention.
• Also, watch out for remarks from ECB’s Coeure today. Optimistic hints could prove EUR-positive.
Today’s highlights:
• Sweden: Retail sales and PPI, both for Feb.
• US: CB consumer confidence index and Richmond Fed manufacturing index, both for Mar.
• Speakers: Fed Chair Yellen, Kansas City Fed Pres. George and Dallas Fed Pres. Kaplan. Also, ECB Exec. Board member Coeure, Bank of Canada Governor Poloz, and Riksbank Governor Ingves. We do not expect Yellen to offer any clear hints with regards to the next hike. USD reaction may be limited. Poloz was dovish in his last appearances. If he reiterates similar remarks, it may prove CAD-negative.
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: