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[QUOTE="limyeeshin, post: 89282, member: 35099"] Edition 20|September 7, 2015 The U.S. dollar turned lower on Friday after the slowed employment report aggravating clarity toward rate hike decision this month. In the earlier week, the ISM manufacturing activities were also lower than expected as well as Chinese PMI manufacturing showing disappointing figures, adding concerns to economy slowdown. The U.S. non-farm employment sector was slowed with the smallest increase in five months showing much lower than expected figure. The average wages were raised with decreased unemployment however it gave uncertainty to the execution of initial rate rise this month. The safe asset yen showed bullish movements together with the euro after the reports adding concerns to delay in rate hike and economy downturn. However, the euro fell after the ECB meeting with the announcements that rates will be unchanged however the QE programme period will be extended and the asset buying limit will be expanded to 33% from current limit of 25%. The Australian dollar jumped in early trading in Asia today after the AIG construction index showing greatly improved figure at 53.8 in August from its previous reading of 47.1 in contraction. ANZ jobs lifting sentiment also jumped up 1% from a 0.4% decline in July. AUD/USD traded at 0.6942, up 0.48%. The British pound fell to four month lows against the U.S. counterpart; GBP/USD traded at 1.5170, down 0.57% the weakest since May. The pound remained defensive after U.K. business activity was slowed in August, giving concerns to the outlook for third quarter growth. It was also lower against the euro with EUR/GBP trading at 0.7346, up 0.8%. Ahead of the week, investors will be looking ahead to U.K industrial production data and Thursday’s BoE monetary policy statements. There will also be monetary policy meetings in Canada and New Zealand. Overall, the dollar shortened its strengthening, up 0.13%, the euro fell 0.30% and the yen greatly gained by 2.23%. The emerging currencies were generally low, the Indonesian rupiah fell 1.29%, Turkish lira fell 2.86%, South African rand fell 4.14% and the Australian dollar fell 3.71 in late trading. The oil price variations were enlarged, brought bearish to according currencies, the Russian ruble fell 5.00% and Brazilian real fell 7.35%. Weekly Events and Forecasts Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. Monday, September 7 The U.S. and Canada markets are closed for Labor Day holiday. Germany is to release data on industrial production In the Eurozone, Sentix report on investment sentiments is to be released. The Swiss National bank is to publish foreign currency reserves. Tuesday, September 8 China is to release trade balance. Consensus shows expectations of improved figure at $4.86 billion from previous month’s figure of $4.3 billion. The improvement in Chinese trade balance could ease the concerns on global economy and could spur emerging currencies to rise. The U.S. is to release data on labor market conditions index. Japan is to release data on GDP growth, current account and bank loans. Australia is to release private sector data on business confidence. The OECD composite leading indicator is to be published. Wednesday, September 9 The U.S. is to release job openings and labor turnover survey. The U.K. is to release data on industrial production and manufacturing production. Also, the trade balance is to be published. Japan is to release data on consumer sentiments. Australia is to release data on home loans and consumer sentiment. Canada is to release data on building permits followed by the BoE announcement of benchmark interest rate and rate statement. Thursday, September 10 China is to release consumer and producer price inflation. The consensus shows consumer price to be improved to +1.9% from +1.6% in previous reading but decreased in producer figures at -5.6% from -5.4%. The Bank of England is to hold monetary policy meeting. In Australia, data on unemployment rate and employment movements will be released. Japan is to publish data on machinery orders. Friday, September 11 Germany is to release consumer and wholesale price inflation. Japan is to release data on BSI manufacturing index. The U.S. is to produce data on producer prices and consumer sentiment. (Mia Chung) [/QUOTE]
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