Market Blog > September 2016 > Market Review

Market Review

Bank of Japan unveiled complex changes to its policy framework by setting a target for long term interest rates even as it kept a 0.1% negative rate on certain cash holding while rejigging its monetary base target of ¥80 trillion annually to support its yield aims.

In Japan the exports fell in August for a 11th consecutive month due to the yen strength and sluggish overseas demand, in a sign that an export-reliant economy may struggle to accelerate in the current quarter.

U.K households' expectations about their personal finances held steady in September.

U.K investment and employment are likely to be flat over the coming year because of the June vote to leave the European Union, according to a Bank of England survey of businesses that leaves it on track to cut interest rates again this year.

U.S Federal Reserve left interest rate unchanged.

U.S. mortgage refinancing activity fell last week to its lowest since June as home borrowing costs rose to their most expensive level in about three months.

U.S crude oil inventories fell 6.20M vs 3350M forecast.

Currencies:

The EURUSD traded between 1.1125 and 1.1195 area. 
The EURGBP traded between 0.8568 and 0.8606 area.
The GBPUSD traded between 1.2947 and 1.3042 area.
The USDJPY traded between 100.37 and 102.77 area.
Crude oil: Traded between $ 44.74 and $ 45.58 area.
Gold: Traded between $ 1308.50 and $ 1335.03 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+0.98%

Euro stoxx50

+1.15%

DJIA

+0.92%

Hang Seng

+0.59%

DAX

+0.98%

S&P 500

+1.15%

S&P/ASX 200

          +1.42%

CAC 40

+1.18%

NASDAQ

          +1.09%




Economic Calendar Wednesday 22/09/2016

Time

Currency

Event

Forecast

Previous

All Day

JPY

Bank Holiday

 

 

8:30am

GBP

FPC Statement

 

 

10:00am

GBP

CBI Industrial Order Expectations

-5

-5

12:30pm

USD

Unemployment Claims

261K

260K

1:00pm

EUR

ECB President Draghi Speaks

 

 

1:00pm

USD

HPI m/m

0.30%

0.20%

1:30pm

GBP

MPC Member Cunliffe Speaks

 

 

2:00pm

EUR

Consumer Confidence

-8

-9

2:00pm

USD

Existing Home Sales

5.45M

5.39M

2:00pm

USD

CB Leading Index m/m

0.00%

0.40%

2:30pm

USD

Natural Gas Storage

59B

62B

5:00pm

GBP

BOE Gov Carney Speaks

 

 

5:00pm

GBP

MPC Member Forbes Speaks

 

 

Posted: 9/22/2016 6:40:12 AM by Global Administrator | with 0 comments


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