IronFX Daily Commentary by Sakis Paraskevov | 31/05/2016
May 31, 2016 7:58 am
Aussie jumps on strong export data • AUD surged after data showed exports were stronger than exp. in Q1. • This increases the likelihood for a positive surprise in Q1 GDP, due out Wed. • A strong GDP reading tomorrow could reduce the likelihood for an RBA rate cut next week, and support AUD.
Today: • Germany: Retail sales for Apr. and unemployment rate for May. • Eurozone: Prel. CPI for May is exp. to rise, which could prove EUR-positive. Also, the bloc’s unemployment rate for Apr. is coming out. • US: Personal income & spending, both for Apr. Spending is exp. to accelerate notably, which could support USD. Also, core PCE rate for Apr. as well as Chicago PMI and CB consumer confidence, both for May. • Canada: GDP for Q1 is exp. to accelerate significantly. This may support CAD.
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
Aussie jumps on strong export data
• AUD surged after data showed exports were stronger than exp. in Q1.
• This increases the likelihood for a positive surprise in Q1 GDP, due out Wed.
• A strong GDP reading tomorrow could reduce the likelihood for an RBA rate cut next week, and support AUD.
Today:
• Germany: Retail sales for Apr. and unemployment rate for May.
• Eurozone: Prel. CPI for May is exp. to rise, which could prove EUR-positive. Also, the bloc’s unemployment rate for Apr. is coming out.
• US: Personal income & spending, both for Apr. Spending is exp. to accelerate notably, which could support USD. Also, core PCE rate for Apr. as well as Chicago PMI and CB consumer confidence, both for May.
• Canada: GDP for Q1 is exp. to accelerate significantly. This may support CAD.
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: