IronFX Daily Commentary by Sakis Paraskevov | 25/04/2016
April 25, 2016 8:48 am
Yen slides on expectations of fresh stimulus • JPY tumbled on Friday amid rising speculation that the BoJ will ease policy further at its upcoming meeting. • Soft data and the recent strength of JPY may indeed push officials to ease again. • This could support Japanese equities and bring the yen under selling interest, but any such reaction may be short-lived.
Today: • Germany: Ifo survey for Apr. Expectations index is forecast to rise, which could prove EUR-positive at the release. • US: New home sales for Mar. and Dallas Fed manufacturing index for Apr. • Speakers: ECB Vice President Vitor Constancio.
This week: • Tuesday: US durable goods orders for Mar. are exp. to rise following a sharp fall. • Wednesday: FOMC policy meeting. Fed is widely expected to stand pat. Australia’s CPI for Q1 and UK’s 1st estimate of GDP for Q1. • Thursday: BoJ rate decision and Japan’s inflation data for Mar. RBNZ is exp. to remain on hold. US 1st estimate of GDP for Q1. • Friday: Eurozone prel. CPI for Apr. US personal income & spending for Mar.
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Yen slides on expectations of fresh stimulus
• JPY tumbled on Friday amid rising speculation that the BoJ will ease policy further at its upcoming meeting.
• Soft data and the recent strength of JPY may indeed push officials to ease again.
• This could support Japanese equities and bring the yen under selling interest, but any such reaction may be short-lived.
Today:
• Germany: Ifo survey for Apr. Expectations index is forecast to rise, which could prove EUR-positive at the release.
• US: New home sales for Mar. and Dallas Fed manufacturing index for Apr.
• Speakers: ECB Vice President Vitor Constancio.
This week:
• Tuesday: US durable goods orders for Mar. are exp. to rise following a sharp fall.
• Wednesday: FOMC policy meeting. Fed is widely expected to stand pat. Australia’s CPI for Q1 and UK’s 1st estimate of GDP for Q1.
• Thursday: BoJ rate decision and Japan’s inflation data for Mar. RBNZ is exp. to remain on hold. US 1st estimate of GDP for Q1.
• Friday: Eurozone prel. CPI for Apr. US personal income & spending for Mar.
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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