Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis by HotForex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HotForex, post: 98859, member: 33561"] Macro Events and News [IMG]https://analysis.hotforex.com/wp-content/uploads/2016/03/2016-03-18_0921.png[/IMG] [B]FX News Today[/B] [B]German PPI falls 3% in February[/B]: The index of producer prices for industrial products fell by 3.0% compared with the corresponding month of the preceding year. In January 2016 the annual rate of change all over had been –2.4%.In February 2016 energy prices decreased by 9.4% compared with February 2015, prices of intermediate goods by 2.2%. In contrast prices of non-durable consumer goods rose by 0.2%, prices of capital goods by 0.7% and prices of durable consumer goods by 1.4%.The overall index disregarding energy decreased by 0.7% compared with February 2015.Compared with the preceding month the overall index fell by 0.5% in February 2016 (–0.7% in January 2016 and –0.5% in December 2015). [B]European Outlook: [/B]Asian stock markets moved broadly higher, with Japanese markets again the notable exception and weighed down by ongoing strength in the Yen. US and especially UK stock futures are also up and UK stock markets seem set to outperform again. Eurozone stocks failed to extend gains yesterday and especially the DAX was hit by the strength of the EUR, which climbed above 1.13 against the USD. With the round of central bank decisions out of the way markets can get down to closer evaluation of the measures and implications, but currency reactions already showed that the race to the bottom on rates doesn’t always have the desired effect. Oil continued to rally as WTI traded over $40 and the mood heading into the London session remains mostly risk-on, Brent crude prices have logged a three-month high at $41.69. The mood looks likely to continue with scheduled Fed speakers today being known doves. [B]BoE & SNB – Both in Wait and See Mode:[/B] BoE and SNB left policy on hold yesterday and the statements were if anything less dovish than some may have hoped for. The BoE left its implicit tightening bias in place, even if rate hike expectations have been pushed out into 2017 and the bank is effectively on hold. The SNB meanwhile noted a weaker growth environment and lowered its inflation projections, but argued that its current negative rate, coupled with ad hoc intervention on forex markets should be sufficient to cope with that. [B] ECB’s Draghi “stands ready to use all instruments” [/B]in a timely repetition of last week’s dovish statements, arguing that the ECB’s package was very strong and will channel financing to the real economy, while interest rates will remain steady to lower for an extended time. Though he sees some signs of economy improvement, risks remain to the downside. The euro has pulled back from highs, though this merely confirms the FX games continue after BoJ’s Kuroda suggested rates could go as low as -0.5% under NIRP earlier this week and the BoJ made some inquiries into just what was driving the yen firmer yesterday. [B]Main Macro Events Today[/B] [LIST] [*][B]CAD CPI:[/B] We expect CPI, to slow to a 1.3% y/y pace in February (median +1.5%) after the 2.0% y/y growth pace in January that was the fastest annual CPI growth rate since November of 2014. CPI is seen rising 0.1% on a month comparable basis in February (median +0.2%) after the 0.2% gain in January. The BoC’s core CPI index is seen rising 0.7% m/m in February, consistent with recent moves in this not seasonally adjusted index during February, after the 0.3% gain in January. Annual core CPI growth is expected to expand at a 2.2% y/y rate in February (median 2.1%), up from the 2.0% pace in January. The expected core CPI figure would, of course, leave the measure above the BoC’s 2.0% midpoint. Governor Poloz has maintained that the elevated core CPI growth rates are transitory and not reflective of a tightening in supply conditions. [/LIST] [LIST] [*][B]US Michigan Consumer Sentiment:[/B] U.S. Michigan Consumer Sentiment Preview: The first release on Michigan Sentiment is out Friday and should show a rise to 92.0 (median 92.2) from 91.7 in February. Current conditions should be 106.9 from 106.8 in February and expectations should be 82.0 from 81.9 in February. The IBD/TIPP Poll for the month rose to 46.8 from 47.8 and we expect the Bloomberg Consumer Comfort survey to average 44.0 in March. [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…