IronFX Daily Commentary by Sakis Paraskevov _ 12/10/2015
October 12, 2015 9:13 am
Main points for Today
• USD defies Fed officials bullish comments • The dollar remained under selling pressure even after Fed Vice Chairman Stanley Fischer, became the latest policy maker to support the case for a year-end rate hike. • In line with the other FOMC members, he downplayed the significance of the weak September NFP report and emphasized on the overall labor market improvement. • Today: • Sweden: PES unemployment rate for September. • US: Columbus Day. Equity market will be open, but Banks and the Bond market will be closed. • Speakers: Atlanta Fed President Dennis Lockhart, Chicago Fed President Charles Evans and BoC Gov. Stephen Poloz. • This week: • Tuesday: German ZEW survey for October. Both indices are forecast to decline, which could prove EUR-negative. We also get inflation data from the UK. The core rate is expected to have risen a bit, GBP could strengthen somewhat. • Wednesday: UK unemployment rate for August. Improvement in the job market is likely to support GBP. US retail sales for September are also coming out. • Thursday: Australia’s employment report for September. US CPI for September. • Friday: New Zealand’s CPI for Q3 is forecast to have slowed. Could be NZD-negative.
Main points for Today
• USD defies Fed officials bullish comments
• The dollar remained under selling pressure even after Fed Vice Chairman Stanley Fischer, became the latest policy maker to support the case for a year-end rate hike.
• In line with the other FOMC members, he downplayed the significance of the weak September NFP report and emphasized on the overall labor market improvement.
• Today:
• Sweden: PES unemployment rate for September.
• US: Columbus Day. Equity market will be open, but Banks and the Bond market will be closed.
• Speakers: Atlanta Fed President Dennis Lockhart, Chicago Fed President Charles Evans and BoC Gov. Stephen Poloz.
• This week:
• Tuesday: German ZEW survey for October. Both indices are forecast to decline, which could prove EUR-negative. We also get inflation data from the UK. The core rate is expected to have risen a bit, GBP could strengthen somewhat.
• Wednesday: UK unemployment rate for August. Improvement in the job market is likely to support GBP. US retail sales for September are also coming out.
• Thursday: Australia’s employment report for September. US CPI for September.
• Friday: New Zealand’s CPI for Q3 is forecast to have slowed. Could be NZD-negative.
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