IronFX Daily Commentary by Charalambos Pissouros | 29/03/2016
March 29, 2016 8:19 am
Fed Chair to address Economic Club of NY • Recent Fed speakers have been quite optimistic about near-term rate hikes. • If she changes tone and sounds more upbeat as well, this could support USD. • A neutral stance may disappoint some investors expecting her to be optimistic and prove USD-negative.
Japanese government eyes fiscal stimulus • Japan’s government is expected to consider additional fiscal stimulus. • Nikkei is down, USD/JPY is up so the market seems to not be convinced yet. • We will need “clear” confirmation for the measures to support JP stocks and USD/JPY.
Today: • Sweden: Retail sales for Feb. • Eurozone: M3 money supply for Feb. Not major market mover. • UK: BoE Financial Stability Committee publishes statement from March meeting. Any hints of financial stability risks in the case of a “Brexit”, could boost popularity for the “Stay” campaign and support GBP. • US: CB consumer sentiment for Mar. and S&P/Case-Shiller housing index for Jan. • Speakers: NY Fed President William Dudley and Dallas Fed President Robert Kaplan.
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Fed Chair to address Economic Club of NY
• Recent Fed speakers have been quite optimistic about near-term rate hikes.
• If she changes tone and sounds more upbeat as well, this could support USD.
• A neutral stance may disappoint some investors expecting her to be optimistic and prove USD-negative.
Japanese government eyes fiscal stimulus
• Japan’s government is expected to consider additional fiscal stimulus.
• Nikkei is down, USD/JPY is up so the market seems to not be convinced yet.
• We will need “clear” confirmation for the measures to support JP stocks and USD/JPY.
Today:
• Sweden: Retail sales for Feb.
• Eurozone: M3 money supply for Feb. Not major market mover.
• UK: BoE Financial Stability Committee publishes statement from March meeting. Any hints of financial stability risks in the case of a “Brexit”, could boost popularity for the “Stay” campaign and support GBP.
• US: CB consumer sentiment for Mar. and S&P/Case-Shiller housing index for Jan.
• Speakers: NY Fed President William Dudley and Dallas Fed President Robert Kaplan.
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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