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Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 16th USD/JPY reached the lowest levels since Sept 2014 at 104.01 spot. After Fed as well as BOJ left their interest rates unchanged, the pair has found herself under bearish pressure...
Analysis : Channel Down identified at 15-Jun-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.88 within the next 3 days. Supporting Indicators : RSI below 40 Resistance Levels...
Ignazio Visco stating the obvious Ideally the output gap would be addressed via investment The ECB doesn't want monetary policy to be the only game in town (bit late for that chummy) ECB mon pol has substantially reduced the deflation risk...
Details from the May 2016 UK retail sales data report 16 June 2016 Prior 1.3%. Revised to 1.9% 6.0% vs 3.9% exp y/y. Prior 4.3%. Revised to 5.2% Ex-fuel 1.0% vs 0.3% exp m/m. Prior 1.5%. Revised to 2.0% 5.7% vs 3.8% exp y/y. Prior 4.2%. Revised to 4.8...
German IFO institute out with their latest school report 16 June 2016 The Ifo Institute expects real gross domestic product to grow by 1.8% this year and by 1.6% in 2017. This would further reduce the output gap, which will almost close next year...
European Central Bank out with its monthly bulletin 16 June 2016 stimulus from existing measures to have more impact Blimey, all go this morning. Is it time for the football yet? Full release here ( basically a re-hash of the Draghi ECB meeting statement...
Swiss National Bank chairman Jordan with his press conference 16 June 2016 Brexit vote may cause uncertainty, turbulence will monitor situation closely and act if required franc remains significantly overvalued neg rates absolutely essential tool...
Swiss National Bank statement following the rate hold decision 16 June 2016 franc significantly overvalued Brexit concerns causing uncertainty and may increase Here ya go. As per printed programme. expects moderate growth in global economy to sustain over the coming quarters...
Swiss National Bank out with their latest interest rate decision 16 June 2016 3-month lower target LIBOR -1.25% 3-month upper target LIBOR -0.25% sight deposit rate -0...
Japan government spokesman across the wires. 16 June 2016 will pay even closer attention than usual and act if needed Bring it on then Suga. Put the call in. Put up or shut up. wants BOJ to continue to work toward inflation target...
Bank of Japan governor still up to the rostrum 16 June 2016 BOJ policy not to underwrite govt spending but to achieve price stability excessive yen moves could have impact on prices BOJ closely watching fx, fin market moves we are not conducting mon pol in sync with fx moves...
BOJ governor turns his attention to FX rates 16 June 2016 will monitor moves carefull yen gains that don't reflect economy undesirable various ways to respond to surge in dollar cost always checking dollar funding costs for Japanese banks...
Bank of Japan governor still at the press conference 16 June 2016 Brexit affecting drop in bond yields The Brexit-blame card now appearing, not for the first time today I'm sure with SNB and BOE to follow. BOJ in close contact with CBs including BOE Oh to be fly on the wall...
US ratings agency out with their post-BOJ verdict 16 June 2016 Fitch Ratings has today revised the rating Outlooks for Mitsubishi UFJ Financial Group, Inc. (MUFG) and its subsidiaries, Sumitomo Mitsui Financial Group, Inc. (SMFG) and its subsidiaries, Mizuho Financial Group, Inc...
Soft tones again for European equities as the Nikkei posts big losses 16 June 2016 DAX futures -1.7% CAC40 -1.1% FTSE -1.1% Expect yen safe-haven demand to continue if equities continue to wobble, perverse as it may be...
A soggy session for Japanese equities after the BOJ left policy on hold 16 June 2016 -485.44 open 15871.22 high 15913.08 low 15395.98...
Latest economic forecasts now out from Swiss government 15 June 2016 2017 GDP unchanged at +1.8% 2016 CPI -0.4% vs -0.6% prev 2017 CPI +0.3% vs +0.2% 2016 unemployment unchanged at 3.5...
Your economic data/events calendar for today 16 June 2016 Greetings one and all as the fun n games continue. Plenty of releases today plus the BOJ presser/SNB/BOE decisions. Should be a quiet one. lol As always I wish you a good session...
Japan's northerly island Hakkaido hit by earthquake 16 June 2016 no danger of tsunami no immediate report of injuries or major damage no irregularities at Higasihdori or Tomari nuclear plants The latest quake comes two months after the major event that killed 49 people in Japan's most southerly i...
USDCHF: Having the pair rejected higher prices to weaken further on Wednesday, further downside pressure is expected in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
