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: 90423, member: 35099"] The U.S. dollar turned broadly lower after weak the labor reports on Friday. The Labor Department reported there were 142,000 jobs added below the 203,000 expected. Also the participation rate fell to 62.4% from 62.26% in August. The U.S. ISM manufacturing data was also weak at 50.2 brought concern to economy slowdown. However, the state Fed presidents implied the rate hike is likely to be executed within this year, limited the dollar’s loss. Beginning of last week, the euro and yen were bullish after slowed Chinese manufacturing data which increased concerns toward emerging countries’ economy. Also, the German Minister of Economy has stated that German economy can bear the Volkswagen crisis, let the euro bullish. But the consumer price index was lowered at- 0.1% during the week brought concerns toward deflation, shortened its gain. Japanese yen was slightly weaker in early trade on Monday with weaker than expected wages data. Average cash earnings for August rose 0.5% which is a second straight rise, but it was lower than the expected gain of 0.7%. JPY/USD fell 0.07%, traded at 119.98. The TD-MI September inflation gauge in Australia rose 0.3%. TD Securities Asia-Pacific macro strategist Beacher said the tradable and domestic inflation gauges are converging toward an annual rate of 2% phenomena. RBA has already anticipated whereby the weaker Australian dollar may be boosting imported priced but benign domestic inflation provides an offset. AUD/USD traded at 0.7071 on Monday, up 0.33%. Overall, the dollar fell 0.46%, the euro gained 0.13% and the yen gained 0.55%. GBP/USD gained 0.35% to 1.5185 and USD/CHF lost 0.59% at 97.15. In the week ahead, investors will be attentive to Fed’s September minutes on Wednesday for the rate hike decision statements. There will be central bank meetings in Japan, Australia and the U.K which will be also closely watched. [B]Weekly Events and Forecasts[/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U]Monday, October 5[/U][/B] Markets in China is remained closed for national holiday. Australia markets are closed. The U.K. is to publish data on service sector activity. In the Eurozone, PMI report on service sectors are to be released followed by retail sales data. In the U.S., the ISM is to report on non-manufacturing sector and LMCI labor market report is to be released. [B][U]Tuesday, October 6[/U][/B] Markets in China are remained closed for national holiday. New Zealand is to release private sector data on its business confidence. Australia is to release data on trade balance and the Reserve Bank of Australia is to hold monetary policy meeting and announce its benchmark rate and rate statement. Germany is to release data on factory orders. In the Eurozone, there will be Eurogroup finance meeting and the retail PMI is to be released. Canada and U.S. is to release trade balance. ECB minister Mario Draghi is to speak later the day. [B][U]Wednesday, October 7[/U][/B] Markets in China are remained closed for national holiday. Bank of Japan is to hold monetary policy meeting and is to announce its benchmark rate and publish rate statements. The U.K. is to release data on industrial and manufacturing production. Canada is to release figures on building permits. The U.S. is to release data on consumer sentiments. [B][U]Thursday, October 8[/U][/B] Japan is to release data on core machinery orders and current account. Bank of Japan is to publish the monthly report. Germany is to release trade balance. In the U.K, the Bank of England is to hold monetary policy meeting and announce its benchmark rate and publish its rate statement. In the U.S., the initial jobless claims and Fed meeting minutes are to be released. Later the day, BOE governor Mark Carney is to speak and San Francisco fed President John Williams to make some statements. OECD composite leading indicator is to be published. [B][U]Friday, October 9[/U][/B] Australia is to release data on new home loans. U.K. is to publish trade balance. Canada is to release data on employment movement and unemployment rate. The U.S. is to report on import prices. IMF meeting is to start this day until the 11th. [/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…