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: 109957, member: 35099"] [B][U][CENTER][SIZE="6"][COLOR="Blue"]Edition 70|September 19, 2016[/COLOR][/SIZE][/CENTER][/U][/B] The U.S. dollar closed last week with boost to two-weeks high against other major currencies after better than expected U.S. inflation data release. The Labor Department reported that consumer prices rose 0.2% in August, slight above 0.1% gain expected. In a year, consumer prices increased 1.1%. Core consumer prices excluding food and energy categories rose 0.3% and 2.3% in a year. Investors digested the faster than expected consumer price growth to a better change of rate hike later this year. FedWatch Tool is currently pricing the short term rate hike at a 55% probability by December. The dollar edged down from its two-weeks high on Monday as investors are focusing on BOJ meeting ahead. The dollar climbed to 96.11 after the inflation data on Friday and slipped down to 95.88 on Monday. Japanese yen held lower but with losses remained limited as expectations of radical easing measures from Bank of Japan are eased. The BOJ is to conduct a comprehensive review of its current monetary policy that combines with negative rates and an asset buying program. Some investors expect that the central bank will consider lowering interest rates to negative area as the focus of easing by shifting the main monetary policy target to rates from base money measure. The central bank is seen highly unlikely to resort to foreign bond purchases. USD/JPY eased 0.2% to 102.02 in a thinned trading due to Japanese markets being closed for the public holiday. Meanwhile, the euro edged up against the greenback on Monday from its lowest level hit on September 6. Sterling remained under pressure after the Bank of England left the monetary policy on hold last Thursday. The central bank however indicated that there could be further cut on interest rates unless the economy catches up, and it can be as soon as November. EUR/USD traded at 1.1166, up 0.1% and GBP/USD traded at 1.3038, up 0.3% after falling 1.8% on Friday. Sterling has been retreating after hitting a seven-week high of 1.3445 in early September. Commodity currencies found support from a rebound in oil prices on Monday after Venezuela said OPEC and non-OPEC producers were close to reaching agreement on stabilizing. AUD/USD gained 0.68% and traded at 0.7539, the highest level since Sept. 13. NZD/USD also rose 0.55% at 0.7307. In the week ahead, investors will be looking ahead to announcements from central bank meetings in the U.S. and Japan. The Reserve Bank of Australia and Reserve Bank of New Zealand is to announce monetary policy announcement as well on Tuesday and Thursday respectively. The euro zone business activity data will also by closely watched for better indication of the health of the euro zone’s economy in the wake of Brexit vote. [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, September 19[/COLOR][/U][/B] Financial markets in Japan are closed for a national holiday. China is to release data on property prices. Euro zone is to publish data on current account and construction production. In the U.S., NAHB is to report on housing market index. [B][U][COLOR="Red"]Tuesday, September 20[/COLOR][/U][/B] The Reserve Bank of Australia is to publish its latest policy meeting minutes. Australia is to release data on second quarter house price inflation. Germany is to publish data on producer price inflation. The U.S. is to report on new starts and building permits. [B][U][COLOR="Red"]Wednesday, September 21[/COLOR][/U][/B] The Bank of Japan is to announce the benchmark interest rate and give its rate statement followed by the announcement by a press conference afterwards. Japan is to release data on trade balance and machinery orders. The U.K. is to report on borrowing. Canada is to publish data on wholesale sales. The Federal Reserve is to announce the monetary policy decision and publish data on upcoming two year economic outlook. [B][U][COLOR="Red"]Thursday, September 22[/COLOR][/U][/B] Financial markets in Japan will be closed for a national holiday. The Reserve Bank of New Zealand is to announce benchmark interest rate and publish rate statement. Euro zone is to release data on consumer sentiment and ECB economic report. The U.S. is to publish data on initial jobless claims, FHFA housing price index, existing home sales and manufacturing activities in Chicago and Kansas City region. [B][U][COLOR="Red"]Friday, September 23[/COLOR][/U][/B] Japan is to report on industrial activity. In the euro zone, Markit is to report on manufacturing PMI and service PMI. Canada is to publish data on retail sales and inflation. 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…