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26 Apr 2016
Markets awaiting Central Banks - FXStreet
Valeria Bednarik who is chief analyst at FXStreet summed up the U.S. shift and explained that there was little action across the forex board this Monday, yet the dollar edged mostly lower against its major rivals, weighed by a modest decline in worldwide stocks.
Key Quotes:
"A sparse macroeconomic calendar and some soft readings in the US housing sector during the American afternoon saw the greenback easing further ahead of Wall Street's close.
In the EU Germany released its IFO survey, which missed market's expectations in April, but showed that sentiment remained stable, as the assessment of the current situation down to 113.2 from 113.6, and expectations up to 100.4, above March 100.0, but a tad below expectations of 100.8. In the US, New Home sales decreased 1.5% in March to a 511,000 annualized pace, missing the median forecast for a gain to 520,000.
Markets attention is centered in the upcoming FED and BOJ's meetings, both expected to shed some light over upcoming economic policies. And while the first is expected to take one step towards a new rate hike, the second is largely expected to maintain the easing path."
Key Quotes:
"A sparse macroeconomic calendar and some soft readings in the US housing sector during the American afternoon saw the greenback easing further ahead of Wall Street's close.
In the EU Germany released its IFO survey, which missed market's expectations in April, but showed that sentiment remained stable, as the assessment of the current situation down to 113.2 from 113.6, and expectations up to 100.4, above March 100.0, but a tad below expectations of 100.8. In the US, New Home sales decreased 1.5% in March to a 511,000 annualized pace, missing the median forecast for a gain to 520,000.
Markets attention is centered in the upcoming FED and BOJ's meetings, both expected to shed some light over upcoming economic policies. And while the first is expected to take one step towards a new rate hike, the second is largely expected to maintain the easing path."