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    Weekly Analysis 21/02/2016 – 26/02/2016

    Good morning,

    Economic Calendar Markit Flash Manufacturing PMI, Monday: Expectations are for Markit Economics preliminary report on manufacturing activity in the US to show an expansion in February. There will be a number of highly influential US data reports that could have a significant impact; Tuesday US Consumer Confidence, Thursday Durable Goods Orders, Unemployment Claims and Friday GDP, Personal Consumption and Core Personal Consumption Expenditure will all be closely watched by traders. The Coincident Index will be released on Wednesday by the Japan Cabinet Office.

    NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016 NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016

    USD fell against most of the other major currencies on Friday, while JPY strengthened broadly as fresh falls in oil prices and equities underlined concerns over the outlook for the global economy. USDCHF gained 170 pips last week, but met strong opposition at the 0.9950 resistance level, unable to break above, despite several attempts to breach it. Gold prices inched up on Friday, rising for the third consecutive session amid ongoing speculation the Federal Reserve could delay the pace of its tightening for the remainder of 2016.

    Growth fears have roiled global stock markets, while oversupply has pushed down the price of oil. Amid sceptical and bad-mouthed arguments about China economy, European and U.S. observers have warned against overstating risks facing the Chinese economy, and called for seizing new chances brought about by China economic restructuring. The adoption of negative interest rates, initially launched in Europe in 2014 and now embraced in Japan, represents a major turning point for central banking. High quality global journalism requires investment. The bosses of about half of Britain 100 biggest companies are to sign a letter backing David Cameron in his fight to keep the country in the EU in the referendum in June that will shape the future of the UK.

    NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016 NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016 NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016 NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016 NSFX Forex Blog   articles  | Weekly Analysis 21/02/2016 – 26/02/2016

     

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