IronFX Daily Commentary by Sakis Paraskevov | 26/04/2016
April 26, 2016 7:47 am
Abe’s adviser: BoJ should act now • Japanese PM Abe’s economic adviser Honda said the Bank should act now if it wants to be preemptive. • Honda correctly predicted the surprise BoJ rate cut in January. • The Government also announced an extra budget. Both of these amplify the case for further easing on Thursday. • But a slide in global equities restrained JPY from weakening even further, due to its safe haven status.
Today: • US: Durable goods orders for Mar. are exp. to rise. Could prove USD-positive. CB consumer confidence and prel. Markit services PMI, both for Apr. Also, S&P/Case Shiller house price index for Feb. • Speakers: ECB President Mario Draghi, ECB Vice President Vitor Constancio, ECB Governing Council member Jens Weidmann and BoC Governor Stephen Poloz .
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Abe’s adviser: BoJ should act now
• Japanese PM Abe’s economic adviser Honda said the Bank should act now if it wants to be preemptive.
• Honda correctly predicted the surprise BoJ rate cut in January.
• The Government also announced an extra budget. Both of these amplify the case for further easing on Thursday.
• But a slide in global equities restrained JPY from weakening even further, due to its safe haven status.
Today:
• US: Durable goods orders for Mar. are exp. to rise. Could prove USD-positive. CB consumer confidence and prel. Markit services PMI, both for Apr. Also, S&P/Case Shiller house price index for Feb.
• Speakers: ECB President Mario Draghi, ECB Vice President Vitor Constancio, ECB Governing Council member Jens Weidmann and BoC Governor Stephen Poloz .
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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