27/09/2017 - microsoftdisclaimer everything in this article, including opinions and figures, is...
TRANSCRIPT
27/09/2017
Major Events of the Week 25 - 29 September
Time (GMT) Flag Currency Event Period Actual Forecast Previous
MONDAY, 25 SEPTEMBER
8:00 AM EUR German Ifo Business Climate September 115.2 116.0 115.9
9:45 PM NZD Trade Balance August -1235M -825M 98M
TUESDAY, 26 SEPTEMBER
2:00 PM USD CB Consumer Confidence September 119.8 119.9 120.4
4:45 PM USD Fed Chair Yellen Speech Sep-26 - - -
WEDNESDAY, 27 SEPTEMBER
12:30 PM USD Durable Goods Orders m/m August 1.1% -6.8%
10:45 PM NZD RBNZ Interest Rate Decision Sep-27 1.75% 1.75%
THURSDAY, 28 SEPTEMBER
12:30 PM USD Final GDP q/q Q2 3.1% 3.0%
FRIDAY, 29 SEPTEMBER
8:30 AM GBP Current Account Q2 -15.8B -16.9B
9:00 AM EUR CPI Flash Estimate y/y September 1.6% 1.5%
12:30 PM CAD GDP m/m July 0.3%
EUR/USD: Fed Chair Yellen Speech
The EUR/USD currency pair showed stormy reaction ahead and on the
Fed’s Chair Janet Yellen address. Before the speech started, the EUR fell
sharply against the US Dollar, touching the four-week low, but gained
strength back initially. In the Wednesday’s morning session the pair
continued to consolidate below the 1.1800 level.
Janet Yellen sounded more hawkish, telling that the Fed is likely to raise
rates so long as inflation growth keeps accelerating, and suggested the
Central Bank to wary of making changes too gradually. Meanwhile, the
Euro was influenced by uncertainties concerning the ECB monetary
policy outlook, as Mr. Draghi and his colleagues failed to clarify the next
moves on the QE tapering.
Historical Data Table: CB Consumer Confidence
Date 30.05.2017 27.06.2017 25.07.2017 29.08.2017 26.09.2017
Actual 117.9 118.9 121.1 120.4 119.8
Forecast 119.8 116.0 116.5 120.9 119.9
Initial Reaction on Main Pairs 16:35 GMT
Open Price Close Price % Change
AUD/USD 0.78879 0.78678 -0.25%
EUR/USD 1.17941 1.17648 -0.25%
USD/JPY 112.04 112.337 0.27%
NZD/USD 0.71934 0.71778 -0.22%
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