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[QUOTE="limyeeshin, post: 90840, member: 35099"] [B][U][COLOR=#0000ff]SOLFOREX WEEKLY NEWS[/COLOR][/U][/B] [B][U][COLOR=#0080ff] Edition 26|October 19, 2015[/COLOR][/U][/B] Last week, the U.S. dollar had continued fluctuation amid concerns toward rate hike delay and closed the week with shortened loss. Beginning of the week, dovish statements by state Fed presidents increased the possibility to postpone raising initial interest rate. Federal Reserve vice Chair Stanley also mentioned that rate increase is not more than expectation without a promise, which further weakened the dollar. Later the week, the dollar gained broadly on Friday with bounced expectation that Federal Reserve may still raise rates this year after solid inflation data on Thursday. The dollar rose 0.33% for the day but still closed the week with 0.31% of weekly fall. Japanese yen showed bullish movements amid the dollar continued up and downs leading preferences toward safe assets due to rising concerns toward rate hike delay. The dollar was higher on Friday with USD/JPY rising 0.46% to 119.43 rebounding from Thursday’s fall but still ended the week down 0.69%. The euro was broadly higher with expectations that European Central Bank could expand its quantitative easing program. Trade balance in China showed sharp fall in import together with decline in producer price by -5.9%, brought up concerns toward emerging market slowdown and further increased the euro. Data on Friday confirmed that the inflation rate in the Eurozone turned negative in September for the first time since ECB started asset purchasing program in March. EUR/USD traded at 1.1347 in late trade, retreated 0.35% and shortened its loss by closing the week down 0.18%. The Australian dollar was flat on Monday in early Asia trading amid investors awaiting the latest China’s economic growth data. The industrial output is expected to show 6.0% gain year-on-year in September, while retail sales are expected to gain 10.8%. The data will be closely watched as fears for China-led global economy slowdown is increasing and it could impact on rate hike determination to take longer. AUD/USD traded at 0.7265, slightly down by 0.01% today. [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][COLOR=#ff0000]Monday, October 19[/COLOR][/U][/B] China is to release data on its GDP growth, industrial production, fixed asset investment and retail sales. In the U.S., housing market index is to be released followed by statements from FOMC Governor Lael Brainard. Richmond Fed president Jeffrey Lacker is to speak later the day. Canada is having national election today. [COLOR=#ff0000][B][U]Tuesday, October 20[/U][/B][/COLOR] In Australia, Reserve Bank of Australia is to publish its recent monetary policy meeting minutes. Germany is to release data on producer price inflation. In the Eurozone, data on current account will be published. In The U.K., Bank of England governor Mark Canery is to speak before the Treasury Committee in London. Canada is to produce wholesale sales data. The U.S. is to release data on housing starts and building permits. Later the day, NY state Fed President William Dudley, FOMC Governor Jerome Powell and FOMC Chair Janet Yellen are to speak at an even in New York. [COLOR=#ff0000][B][U]Wednesday, October 21[/U][/B][/COLOR] Australia is to release CB composite leading index. Japan is to release data on its trade balance Canada is to release its recent monetary policy meeting minutes and announce its benchmark rate. [COLOR=#ff0000][B][U]Thursday, October 22[/U][/B][/COLOR] In Australia, RBA Governor Edey is to speak. The U.K. is to publish data on retail sales. In the Eurozone, ECB is to take monetary policy meeting. Investors will be looking into whether ECB is to scale up its QE program. Canada is to release data on retail sales. In the U.S., data on initial jobless claims, housing price index, existing home sales and current account are to be published. [B][U][COLOR=#ff0000]Friday, October 23[/COLOR][/U][/B] China is to publish data on housing price and composite leading indicator. In the Eurozone, data on PMI manufacturing and service are to be published. Canada is to release data on consumer price inflation. The U.S. is to release data on PMI manufacturing sector. [/QUOTE]
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