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
Fundamental Analysis
Market news by Solforex
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="limyeeshin, post: 104275, member: 35099"] [B][U][CENTER][SIZE="5"][COLOR="Blue"]Edition 57|June 20, 2016[/COLOR][/SIZE][/CENTER][/U][/B] The British pound rose against other major currencies and around 1% against the U.S. dollar and Japanese yen on Friday as campaigning for the Brexit referendum was suspended following the killing of a pro-EU British lawmaker. On June 16th, a Labour Party member and supporter of EU membership Jo Fox was shot and killed at the regional meeting in Birstall. Therefore it delayed the campaign for the Brexit and eased fears over the upcoming U.K. referendum for EU membership was subsided and recovered tumbles in the earlier week. Earlier, Sterling had weakened sharply amid high percentage supporters for Brexit which brought fears would cause turmoil in global financial markets. GBP/USD rose 1.09% to 1.4352 on late Friday. GBP/JPY also was up 0.95% to 149.51, recovering from Thursday’s three-year trough of 145.37. EUR/GBP was down 0.65% at 0.7852. Japanese yen weakened against other major currencies as safe haven demand was reduced after Japanese Finance Minister Taro Aso hinted possible yen-selling market intervention. On Friday, Aso said that Tokyo would respond urgently against one-sided, sharp and speculation driven gains in the yen. USD/JPY climbed 0.6% to 104.68, while EUR/JPY gained 1.1% to 118.72. AUD/JPY gained 0.9% to 77.67. A separate report in Japan for the adjusted trade balance came in at ¥270 billion, wider than a surplus of ¥130 billion expected for May. However exports dropped 11.3%, more than the 10.4% year-on-year fall seen and the overall trade balance came in at a drop of ¥41 billion, the first deficit in four months. The U.S. dollar was broadly weakened against major currencies after FOMC decided to keep current interest rates unchanged at the latest meeting. The Federal Reserve also reaffirmed the gradual and cautious rate hike and lowered forecasts for how much they expect to hike interest rates in the next few years. Meanwhile, separate reports showed that housing starts declined 0.3% to 1.164 million units and building permits increased to 1.138 unites, slightly below 1.150 expected. Earlier, the U.S. consumer prices came in with less than expected increase last month. The dollar was down 0.4% against other major currencies at 94.30 with weekly loss of 0.23%. In the week ahead, investors will pay close attention to the outcome of Thursday’s U.K. referendum on Brexit. Opinion polls were published Saturday showing support for the ‘Remain’ in EU regained its lead over Brexit. Investors will also be looking ahead to monetary policy statement by Federal Reserve Chair Janet Yellen. [B][SIZE="5"][COLOR="RoyalBlue"]Weekly Events and Forecasts[/COLOR][/SIZE][/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U][COLOR="Red"]Monday, June 20[/COLOR][/U][/B] Japan is to publish data on trade balance. Euro zone is to report on construction production. Germany is to release data on producer price inflation. U.K. is to publish data on housing prices. Canada is to release data on wholesale sales. [B][U][COLOR="Red"]Tuesday, June 21[/COLOR][/U][/B] Japan is to release data on industrial activity. Reserve Bank of Australia is to release its recent monetary policy meeting minutes followed by data on house price index for the first quarter. In the Euro zone, ZEW institute is to report on German economic sentiment. Fed Chair Janet Yellen is to testify on monetary policy at the Senate Banking Committee in Washington. [B][U][COLOR="Red"]Wednesday, June 22[/COLOR][/U][/B] Euro zone is to release data on consumer sentiment. In the U.S., Fed Chair Janet Yellen is to testify on monetary policy at the House Financial Services Committee. The U.S. is also to report on existing home sales and mortgage applications. Canada is to publish data on retail sales. [B][U][COLOR="Red"]Thursday, June 23[/COLOR][/U][/B] In the U.K., national referendum for EU membership is to take place. Japan is to release data on manufacturing. Eurozone is to publish data on manufacturing and service activities. The U.S. is to report on its weekly initial jobless claims followed by data on manufacturing and new home sales. [B][U][COLOR="Red"]Friday, June 24[/COLOR][/U][/B] Japan is to publish data on service producer prices. Ifo Institute is to report on German business climate. In the U.S., data on durable goods orders and revised consumer sentiment are due. The above schedule may change* [/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…