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[QUOTE="limyeeshin, post: 89594, member: 35099"] [B][U][CENTER][SIZE="4"][COLOR="Blue"]Edition 21|September 14, 2015[/COLOR][/SIZE][/CENTER][/U][/B] The U.S. dollar turned broadly lower with attenuated expectations toward rate hike possibilities. The U.S. economic data also contracted from its previous month’s figures. The import prices shrank and the consumer sentiments dropped far below the expectation. Thus, the concerns are increased toward outlook for consumptions and manufacturing slowdown and there are grown expectations that Federal Reserve will delay the rate hike execution on Thursday. USD/EUR fell 0.51%, USD/GBP fell 1.51% and USD/AUD fell 2.22% at late session on Friday. The Chinese trade balance showed reasonably satisfactory level in consideration of Tianjin explosion. Fixed asset investment rose 1.09% in China very near to 11% expectation, also industrial production gained 6.1%, little below 6.4% expected and retail sales rose 10.8% above the expectation of 10.5% gain. Thus, the concerns on impact to global financial market are slightly eased after the data release. The Australian dollar turned slightly low on Monday as mixed data of Chinese retails and industrial outputs could spur this week’s interest rates consideration by Federal Reserve. AUD/USD traded at 0.7085, down 0.08%. Investors will be closely watching this week’s Federal Reserve policy announcement. Fed Chair Janet Yellen has previously announced that the decision for interest rate increase is highly dependent to economic outputs but has also implied that the rate hike will be likely to be executed before the end of this year. Also, Switzerland central bank and Bank of Japan are to hold monetary policy meetings. Overall, the dollar was bearish, down 1.08%, Japanese yen also fell by 1.31%. The euro turned bullish, up 1.73% and the Australian dollar went up 2.64% with satisfying Chinese data. [B][COLOR="DeepSkyBlue"]Weekly Events and Forecasts[/COLOR][/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 14[/COLOR][/U][/B] The Eurozone is to release data on industrial production. Switzerland is to release producer price inflation and retail sales data. Japan is to release revised data on industrial production. [B][U][COLOR="red"]Tuesday, September 15[/COLOR][/U][/B] The U.S. is to release data on retail sales, industrial production and New York state manufacturing. The consensus shows expectations of retail sales at +0.3% and industrial production at -0.2%. The U.K. is to produce data on consumer and producer price inflation. The Reserve Bank of Australia is to release the minutes on its recent monetary policy meeting. Bank of Japan is to hold monetary policy meeting and announce its benchmark interest rate with rate statements. The Eurozone is to release employment movements and trade balance. Also, ZEW Institute is to release report on Eurozone and German economic sentiments. [B][U][COLOR="red"]Wednesday, September 16[/COLOR][/U][/B] New Zealand is to publish data on the current account. The U.K. is to release change in unemployment claims and rates. Also, data on average income is to be published. The Eurozone is to release consumer price inflation. In the U.S., the consumer price inflation data is to be released and also the FOMC meeting will begin. The consensus shows consumer prices to stay at 0.0%, below previous month’s figure of +0.1% [B][U][COLOR="red"]Thursday, September 17[/COLOR][/U][/B] Japan is to publish trade balance. New Zealand is to publish data on second quarter GDP growth. The U.K. is to release data on retail sales. In the U.S., FOMC meeting results will be announced. Investors will focus to the statements as the dollar might fluctuate depending on its decision. There will be also data released on housing starts, building permits, jobless claims and Philadelphia state manufacturing in the U.S. [B][U][COLOR="red"]Friday, September 18[/COLOR][/U][/B] Japan is to publish its central bank meeting minutes on monetary policy decisions. Eurozone is to release balance on current account. U.S. is to publish composite leading index. Canada is to release consumer price inflation. On Sunday, Greece is to hold early general election. (Mia Chung) [COLOR="Sienna"]COMPANY PROMOTION [/COLOR] [deleted] [/QUOTE]
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