News of the day. Wednesday on 23.09.2015

23 September, 2015

On Wednesday, market participants will be turning their attention to the publication of key indices for the EU countries, the US and Japan as well as to the ECB President Mario Draghi's Speech. Markit Manufacturing PMI for September is due at 10:30 a.m. (GMT+3) in Germany. The same index for the eurozone as a whole is released at 11:00 a.m. (GMT+3). Manufacturing PMI reflects how purchasing managers assess current economic situation and its prospects. Both indicators are expected to decline in September: from 53.3 to 52.8 points in Germany and from 52.3 to 52.0 points in the eurozone. Thus, the pessimism may worsen, but, nevertheless, the index is likely to remain above the key level of 50 points. Retail Sales statistics for July are due at 3:30 p.m. in Canada. This important indicator, used to forecast GDP, is likely to decline from 0.6% to 0.5%, and Retail Sales ex Auto are expected to shrink from 0.8% to 0.5%. These factors may affect the Canadian currency.

At 4:00 p.m., the ECB President Mario Draghi delivers his speech at the hearing by the Committee on Economic and Monetary Affairs of the European Parliament in Brussels. This speech is worth noting as Mario Draghi may comment on the EU monetary policy. At 4.45 p.m. (GMT+3) the US releases Markit Manufacturing PMI for September, which is the leading indicator of the national Manufacturing PMI, due next week. The US index, unlike the EU one, is expected to grow from 53.0 to 53.3 points.

On Thursday night, attention should be paid to Trade Balance statistics for August in New Zealand, due at 01:45 a.m. (GMT+3), and Nomura/JMMA Manufacturing PMI for September in Japan, due at 04:35 a.m. (GMT+3). Analysts forecast a slight decline, but the indicator is likely to remain above the level of 50 points.


Source link  
S&P500: Bearish sentiments are strong in the market

US stock indices went up on Wednesday after the release of the minutes of the US Fed meeting in January, which was devoted to the US monetary policy. Dow Jones Industrial Average rose by 1.6%, Nasdaq Composite - by 2.2%.

Weekly review for February 15-19, 2016

Past week was marked by a two-day speech of Janet Yellen, the head of the US Fed. Mrs. Yellen did not give a straightforward answer regarding the interest rate increase at the US Fed meeting in March...

XAU/USD: gold is growing on February 12, 2016

On Thursday, the price of gold strengthened by 4% and reached its year highs. The price has been growing amid an increase in demand for safe-haven assets, such as gold and the Yen...


Brent: oil reserves and oil prices have reduced

Yesterday, US Ministry of Energy announced about unexpected decline of oil and oil products reserves by 754 million barrels over the last week. Spot-price of crude oil Brent has grown over 31.80 USD per barrel...

Yen has broken down and consolidated below support level

Over the past 2 weeks the Yen has significantly strengthened its positions against the USD due to the increasing demand for the safe-haven currency. Mixed macro-economic data on the US economy has decreased a chance that the US Fed will tighten monetary policy...

EUR/USD has grown against the USD breaking down strong resistance level

The currency pair is traded at the strong level of 1.0960 –1.1060. In case of maintenance and testing of the level and respective confirmation (for example, a pattern Price Action), we recommend to open long positions. Stop order can be placed below the signal line...


EUR/USD review of the week: USD fell against the major currencies

Despite that fact that the data on Non-FarmPayRolls was below the forecast (151 000 against the forecast of 190 000 and 262 000 new jobs in December), the USD has grown against the major currencies. The rise was caused by the other data on the US labor market in January...

Brent: completion increases on February 05, 2016

While market participants are waiting for the release of NFPR (Non-Farm PayRolls), oil prices are gradually declining since the opening of the trading day and at the beginning of the European session...

Brent: will oil market swing back to pessimism?

API (American Petroleum Institute) report, released this Tuesday, showed that last week US oil stocks rose by 3.8 million barrels. Obviously, it was a bad news for oil prices, as heavy stocks of oil in the USA creates situation when supply outruns demand in the world market...

  


Share: