IronFX Daily Commentary by Sakis Paraskevov | 30/05/2016
May 30, 2016 9:04 am
• Yellen keeps the door open a for summer hike • Fed Chair Yellen said that a rate hike would probably be appropriate in coming months. • USD rallied on the comments, and could continue strengthening in comings weeks. • Focus now shifts back to the data, to determine the timing of next rate move (NFP Friday).
• Today: • Germany: Prel. CPI for May is exp. to have risen, which could support EUR. • Norway: AKU unemployment rate for Mar. and retail sales for Apr. • Speakers: ECB Governing Council member Francois Villeroy de Galhau.
• This week:
• Tuesday: Eurozone’s prel. CPI for May is exp. to rise, which could prove EUR-positive. From the US we get personal spending & income, both for Apr. In Canada, the GDP for Q1 is due out.
• Wednesday: China’s manufacturing PMIs for May. Australia’s Q1 GDP. From the US, the ADP employment report and ISM manufturing PMI, both for May.
• Thursday: ECB policy meeting. Bank is exp. to remain on hold. Focus will be on the forecasts and Draghi’s press conference. Also, OPEC meeting, but no output freeze deal is exp.
• Friday: US employment report for May. NFP is exp. 170k vs prev. 160k, unemployment rate to remain unchanged and avg. hourly earnings to have slowed a bit. Still, a solid report overall.
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
• Yellen keeps the door open a for summer hike
• Fed Chair Yellen said that a rate hike would probably be appropriate in coming months.
• USD rallied on the comments, and could continue strengthening in comings weeks.
• Focus now shifts back to the data, to determine the timing of next rate move (NFP Friday).
• Today:
• Germany: Prel. CPI for May is exp. to have risen, which could support EUR.
• Norway: AKU unemployment rate for Mar. and retail sales for Apr.
• Speakers: ECB Governing Council member Francois Villeroy de Galhau.
• This week:
• Tuesday: Eurozone’s prel. CPI for May is exp. to rise, which could prove EUR-positive. From the US we get personal spending & income, both for Apr. In Canada, the GDP for Q1 is due out.
• Wednesday: China’s manufacturing PMIs for May. Australia’s Q1 GDP. From the US, the ADP employment report and ISM manufturing PMI, both for May.
• Thursday: ECB policy meeting. Bank is exp. to remain on hold. Focus will be on the forecasts and Draghi’s press conference. Also, OPEC meeting, but no output freeze deal is exp.
• Friday: US employment report for May. NFP is exp. 170k vs prev. 160k, unemployment rate to remain unchanged and avg. hourly earnings to have slowed a bit. Still, a solid report overall.
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
Related Posts: