Market Blog > September 2016 > Market Review

Market Review

Bank of Japan considers shifting the focus of monetary policy at next week's review, some analysts say the key will be how well it communicates the intent of the change as further significant easing is not necessary at this stage.

The benefits of the Bank of Japan's negative interest rate policy are very big because it is encouraging corporate debt issuance and lowering mortgage rates, an adviser to Prime Minister Shinzo Abe said.

Bank of England announced it aimed to revamp the system that underpins British banking and trading in the City of London by 2020 to boost its defences against cyber-attacks and widen the number of businesses that can use it.

Global central banks confirm formed task force on payments.

After keeping Hungary in junk for years, rating agency Standard and Poor's lifted the country's debt rating back into investment grade in a surprise move, rewarding Prime Minister Viktor Orban for fixing state finances and boosting the economy.

U.S. consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32-1/2 years, pointing to a steady build-up of inflation that could allow the Federal Reserve to raise interest rates this year.

U.S. consumer sentiment was unchanged in September.

Oil was significantly lower Friday on ongoing supply concerns with U.S. rig count data due.

Currencies:

The EURUSD traded between 1.1151 and 1.1247 area. 
The EURGBP traded between 0.8488 and 0.8577 area.
The GBPUSD traded between 1.3001 and 1.3246 area.
The USDJPY traded between 101.79 and 102.45 area.
Crude oil: Traded between $ 43.38 and $ 44.29 area.
Gold: Traded between $ 1306.57 and $ 1317.92 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

-0.06%

Euro stoxx50

-1.22%

DJIA

-0.45%

Hang Seng

+1.20%

DAX

-1.50%

S&P 500

-0.35%

S&P/ASX 200

          +0.31%

CAC 40

-0.73%

NASDAQ

          -0.03%




Economic Calendar Monday 19/09/2016

Time

Currency

Impact

 

Forecast

Previous

All Day

JPY

 

Bank Holiday

 

 

8:00am

EUR

 

Current Account

27.2B

28.2B

Tentative

EUR

 

German Buba Monthly Report

 

 

2:00pm

USD

 

NAHB Housing Market Index

60

60

Posted: 9/19/2016 6:53:08 AM by Global Administrator | with 0 comments


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