samedi 17 janvier 2015
Forex Weekly Outlook January 19-23
Posted on 04:53 by nice news
The Swiss franc stormed back to the scene and was unexpectedly a huge winner in one of the more dramatic weeks in currencies and the forex industry. There is probably little time to rest as a busy week awaits: 3 rate decision with the ECB one taking center stage, as well as employment data from the UK, housing data from the US and more. These are the main market movers on Forex calendar. Join us as we explore the highlights of this week.
The Swiss National Bank stole the show when it removed the 1.20 floor under EUR/CHF after more than 3 years and out of the blue. This not only led to double digit leap in the franc but also to tumble in the euro that lost its bid and quite a few scarred forex brokers. This huge event will have long lasting implications on the euro, the dollar, the franc and the way brokers manage their risks. US was underwhelming: a surprise 0.9% drop in retail sales registering their largest decline in 11 months This contradicted a jump in consumer confidence. In the manufacturing sector the Philly Fed index fell to 6.3 points, while the Empire State one beat expectations. Jobless claims disappointed while JOLTS job openings beat. Will we see better figures this week? Elsewhere, the pound and the kiwi showed stability while the Aussie enjoyed positive employment figures and the loonie chopped around. Let’s start:
[do action="autoupdate" tag="MajorEventsUpdate"/]
German ZEW Economic Sentiment: Tuesday, 10:00. German investor sentiment edged up in December to 34.9 from 11.5 in November. This was the second consecutive rise, indicating increased optimism for a pickup in Europe's largest economy. Economists expected a lower figure of 19.8. German economy expanded by a mere 0.1% in the third quarter, bit a boost in consumer spending is expected to improve growth in the final quarter of 2014. German analysts' sentiment is expected to improve to 40.1.
NZ inflation data: Tuesday, 21:45. New
The Swiss National Bank stole the show when it removed the 1.20 floor under EUR/CHF after more than 3 years and out of the blue. This not only led to double digit leap in the franc but also to tumble in the euro that lost its bid and quite a few scarred forex brokers. This huge event will have long lasting implications on the euro, the dollar, the franc and the way brokers manage their risks. US was underwhelming: a surprise 0.9% drop in retail sales registering their largest decline in 11 months This contradicted a jump in consumer confidence. In the manufacturing sector the Philly Fed index fell to 6.3 points, while the Empire State one beat expectations. Jobless claims disappointed while JOLTS job openings beat. Will we see better figures this week? Elsewhere, the pound and the kiwi showed stability while the Aussie enjoyed positive employment figures and the loonie chopped around. Let’s start:
[do action="autoupdate" tag="MajorEventsUpdate"/]
German ZEW Economic Sentiment: Tuesday, 10:00. German investor sentiment edged up in December to 34.9 from 11.5 in November. This was the second consecutive rise, indicating increased optimism for a pickup in Europe's largest economy. Economists expected a lower figure of 19.8. German economy expanded by a mere 0.1% in the third quarter, bit a boost in consumer spending is expected to improve growth in the final quarter of 2014. German analysts' sentiment is expected to improve to 40.1.
NZ inflation data: Tuesday, 21:45. New
Forex Weekly Outlook January 19-23
Categories: Forex Weekly Outlook January 19-23
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