Japanese GDP

11 August, 2017

Japan will release the first estimate of its GDP in the second quarter at 02:50 MT time on August 14. The recent economic news from Japan was rather positive. In the first three months of 2017, the nation’s economy grew an annualized 1.0% for the longest stretch of gains in 11 years. Japanese exports rose in June for the seventh month in a row.

Low inflation makes the Bank of Japan stick to the extremely loose monetary policy, which is weakening the yen. However, if we see a positive surprise in Japanese GDP, the yen will strengthen somewhat. At the same time, lower growth will increase the negative pressure on the yen and help USD/JPY get higher. Either way, this day may present good opportunities for the yen traders!


Source link  
Gold goes down on trade agreement

On the Comex exchange, June delivery gold futures headed south by about 0.7% concluding the trading session at $1,275.15 an ounce...

Dollar rallies on Powell's remarks

On Wednesday, the evergreen buck ascended in Asia after Fed Chair Jerome Powell came up with a positive assessment of the American economy...

The yellow metal stands still

The postponed US-China summit as well as weaker estimates for the EU are playing into a decelerating global surge narrative, which could...


Dollar surges versus counterparts

The evergreen buck was held back from dismal American services data, notwithstanding experts reaffirming the services sector was still firm...

Gold surges a bit

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank...

Gold stands still waiting for comments

On Thursday, gold was intact due to the fact that market participants waited for comments from Fed Chair Jerome Powell in the face of hopes that the head...


Gold reaches 6-month maximum

The yellow metal's objective for $1,300 is still intact, although gold bugs don't seem to hurry to get there, expecting equity markets to dive for the next big move up...

Dollar dips to four-month minimum

The evergreen buck slumped 0.4% being worth 108.81 yen, having dropped to 108.33 yen on Tuesday, which is its lowest outcome since mid-April...

Traders need to watch American CPI

CPI stands for Consumer Inflation Index and changes in this index correspond to the level of consumer inflation. Higher inflation creates the reason...

  


Share it on:   or