Forex Week ahead 2016 - Fx Markets
MO-balance of RMB FDI, trade balance industrial production Germany EUR JPY, trust and investment EZ, CHF Chamber of Commerce international trade
Marina: CNY CPI, unemployment Swiss francs, sterling industrial production, manufacturing, balance, commercial NIESR GDP Estimate
MER: new loans Yuan CNY, AUD, holdings of crude oil and Gvnr consumer confidence Stevens, speaking at the Central Bank of Sydney, New Zealand New Zealand
GIO: The consumer inflation expectations AUD
Friday: Industrial Production CNY, retail sales and CPI EUR German, Germany GDP, gross of Italy, confidence, industrial production, retail sales, $ GDP domestic product, EZ EZ
An overview
Pin 2 readings q FOMC growth and weak dollar returns Conference can be a little difficult to return, sell, traders rushed to buy the currency in response to the end of a working relationship. After the print buffer in June, the national focal points in July expected 225K and 180K printed like VS deserved to win. At its last meeting, the Fed cited the economic risks and reducing long-term strengthening of the labor market. The latest labor market data show a clearly positive trend, retailers start now to align, in September and December is the interest rate risk. Dollars out of the spotlight this week, consumer confidence is only worth reading on Friday.
In the euro area, the euro finally create ECB staff macroeconomic projections indicate that the US economy in 2016 (1.4%) and 1.7% in previous years, 2017 and 2018, 1.6%, 0.2% for increased melting and consumer price index is 2016 (0.1% for the same period last year) is very low, severely limited cutting energy prices in the near future. 2017 1.3%, significantly higher inflation and business are considered to reduce the EZ pants can easily be 1.6% in 2018 data this week, interval can be used to break the inflation rate E-Brexit instead of pushing the euro.
25 basis points, Bank of UK £ cut interest rates to a record low of 0.25%, and the purchase of assets of £ 60 billion to £ 435bn 6-3 goal is improving. Jingdongfang also decided to buy £ 10 billion corporate bonds yesterday in the session. Carney Governor of the Central Bank of the United Kingdom expressed the intention of near zero interest rates this year, but this time Diskon negative possibilities. 0.8% 2.3% Estimated economic growth and expected growth of 2% this year and next is expected to be degraded. This week focused on the production of industrial production has changed, but time will lose this data and pre-Brexit valuables. Calculation of gross domestic product in July in news headlines this week.
Central Bank Governor Iwata Japanese yen Kikuo suggested that central banks have the quantity of goods without a plan, buy purchasing activities and adjust monetary policy to reduce or modify. Japan's foreign exchange reserves at the end of July fell to $ 1260000000000 and the Japanese government not respond from June 29 to July 27, according to the Ministry of Finance said on Friday. Trade balance data shows only the news this week and risk and interest rates the dollar as the main driver of the Japanese yen.
AUD Reserve Bank Australia this week with low inflation, low interest rates remain at historic lows along. Despite the move, the Australian and Australia offer attractive interest rates than other countries. Domestic debt yields on 10-year bonds was 1.83%, while the United States and Germany-6 basis points, Japan 1.53%. Flexibility of Australia led to a 50/50 probability of payment market cut in November. Monetary policy statement showed that RBA inflation, bank traders should be determined by the scope of the DBR Stevens this week returned percent until 2018 speech care, other colors form Australia interest rates.
Canadian dollar CAD in oil markets this week by the constant pressure of supply and demand original remained difficult balance. Under pressure more data on Friday, despite the July balance of employment and 6.8% unemployment rate remains the same.
