IronFX Daily Commentary by Charalambos Pissouros | 30/08/2016
August 30, 2016 8:40 am
Overnight: Encouraging data from Japan, but yen remains untouched • Japan’s unempl. rate and household spending, both for Jul, surprised positively. • JPY remained unchanged on the news despite the better-than-expected data. • Even though these data are encouraging, the BoJ is still very likely to ease policy at its Sept. meeting. • Speculation for BoJ easing combined with speculation for a Fed Sept. hike, could push USD/JPY higher in coming weeks.
Today: • Germany: Prel. CPI for Aug. is exp. to accelerate modestly. This could raise speculation that Eurozone’s CPI (tomorrow) may follow suit and support EUR. • US: CB consumer confidence index for Aug. and S&P/Case-Shiller house price index for Jun. Neither is usually a big market mover for USD. • Canada: Current account balance for Q2. • Speakers: Fed Vice Chair Stanley Fischer. Following his recent comments about a possible September hike, USD could react to any new remarks.
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Overnight: Encouraging data from Japan, but yen remains untouched
• Japan’s unempl. rate and household spending, both for Jul, surprised positively.
• JPY remained unchanged on the news despite the better-than-expected data.
• Even though these data are encouraging, the BoJ is still very likely to ease policy at its Sept. meeting.
• Speculation for BoJ easing combined with speculation for a Fed Sept. hike, could push USD/JPY higher in coming weeks.
Today:
• Germany: Prel. CPI for Aug. is exp. to accelerate modestly. This could raise speculation that Eurozone’s CPI (tomorrow) may follow suit and support EUR.
• US: CB consumer confidence index for Aug. and S&P/Case-Shiller house price index for Jun. Neither is usually a big market mover for USD.
• Canada: Current account balance for Q2.
• Speakers: Fed Vice Chair Stanley Fischer. Following his recent comments about a possible September hike, USD could react to any new remarks.
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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