IronFX Daily Commentary by Sakis Paraskevov | 15/02/2016
February 15, 2016 9:47 am
Asian equity markets mostly in the green • Asian equity markets (ex-China) rally curbing demand for safe-haven assets. • This positive sentiment could roll into the EU markets, which may recover some of their recent losses
China’s exports and imports continue to fall • China’s exports and imports both fell much more than expected in Jan. Imports fell faster though. • The soft data increase the probability for further stimulus by the PBoC.
Today: • Eurozone: Trade balance for Dec. • Norway: Trade balance for Jan. • Speakers: ECB President Mario Draghi speaks at the European parliament.
This week: • Tuesday: RBA policy meeting minutes. UK CPI for Jan. exp. to accelerate. Germany’s ZEW survey for Feb. exp. to show a decline in both indices. This may prove EUR-negative. • Wednesday: UK employment report for Dec. Unemployment is exp. to decline, average weekly earnings to slow. The Fed releases the minutes from its Jan. 26-27 FOMC meeting. • Thursday: Australia’s unemployment rate for Jan. China’s CPI & PPI for Jan. From Eurozone, the ECB releases the minutes of its Jan. policy meeting. • Friday: US CPI for Jan. is exp to accelerate. This could prove USD-positive. Canada’s CPI for Jan. is exp. to accelerate as well. The European Council meets to discuss the UK in/out referendum.
Asian equity markets mostly in the green
• Asian equity markets (ex-China) rally curbing demand for safe-haven assets.
• This positive sentiment could roll into the EU markets, which may recover some of their recent losses
China’s exports and imports continue to fall
• China’s exports and imports both fell much more than expected in Jan. Imports fell faster though.
• The soft data increase the probability for further stimulus by the PBoC.
Today:
• Eurozone: Trade balance for Dec.
• Norway: Trade balance for Jan.
• Speakers: ECB President Mario Draghi speaks at the European parliament.
This week:
• Tuesday: RBA policy meeting minutes. UK CPI for Jan. exp. to accelerate. Germany’s ZEW survey for Feb. exp. to show a decline in both indices. This may prove EUR-negative.
• Wednesday: UK employment report for Dec. Unemployment is exp. to decline, average weekly earnings to slow. The Fed releases the minutes from its Jan. 26-27 FOMC meeting.
• Thursday: Australia’s unemployment rate for Jan. China’s CPI & PPI for Jan. From Eurozone, the ECB releases the minutes of its Jan. policy meeting.
• Friday: US CPI for Jan. is exp to accelerate. This could prove USD-positive. Canada’s CPI for Jan. is exp. to accelerate as well. The European Council meets to discuss the UK in/out referendum.
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