IronFX Daily Commentary by Sakis Paraskevov | 09/02/2016
February 9, 2016 9:03 am
Yen skyrockets as Nikkei tumbles • Japanese stock markets plunged overnight, with Nikkei 225 down 5%. • Bank shares are leading the sell-off, as investors concerns about the global slowdown continue to increase. • USD/JPY fell below the psychological 115.00. The risk-off environment could push the rate lower.
Today: • Germany: IP and trade balance, both for Dec. A disappointment in IP could ease a bit EUR gains. • UK: Trade balance for Dec. • US: NFIB small business optimism for Jan. Also, JOLTS job openings and wholesale inventories for Dec. • Speakers: The French and German CB governors as well as finance ministers will hold an economic council. ECB Governing council member Luis Linde speaks as well.
Yen skyrockets as Nikkei tumbles
• Japanese stock markets plunged overnight, with Nikkei 225 down 5%.
• Bank shares are leading the sell-off, as investors concerns about the global slowdown continue to increase.
• USD/JPY fell below the psychological 115.00. The risk-off environment could push the rate lower.
Today:
• Germany: IP and trade balance, both for Dec. A disappointment in IP could ease a bit EUR gains.
• UK: Trade balance for Dec.
• US: NFIB small business optimism for Jan. Also, JOLTS job openings and wholesale inventories for Dec.
• Speakers: The French and German CB governors as well as finance ministers will hold an economic council. ECB Governing council member Luis Linde speaks as well.
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