Forex Week In Review August 27th to August 31st

IntelligentHQ Forex Week In Review In Association with OANDA Corporation

Report by  Dean Popplewell

bio_dean-e1339923416435Dean Popplewell has a wealth of  experience: professional  trader for 10 years,  trader for four years, and head of the global trading desks at various  in Canada. Dean is ’s resident currency analyst and has been writing ’s daily forex blog since January 2007 as a way to share some of his forex experience with the  community.

Week in FX Europe Ben left the door open and Draghi? 

Ben failed to deliver. Will Draghi also disappoint those who are betting large on a big bond buying announcement by the ECB next week? Neither policy leader seems to have the political support to press ahead with the monetary stimulus plans they have in mind. To really understand how much support they have the market will have to wait until the second week of September.
EUROPE Week in FX

Week in FX Americas Helicopter Ben leaves the door open 

Anyone looking for some clear evidence from Bernanke on the Fed’s next steps in Jackson Hole was left disappointed ahead of the long weekend. He again pledged to provide additional support as needed, without mentioning any new specific bond buying program. The central banker sees continued economic weakness and called the state of the labor market a “grave concern.”
AMERICAS Week in FX

Week in FX ASIA Japan remains a large foreign bond buyer 

The MoF latest data shows that Japan remains a major foreign bond buyer. Volumes remain very high with sales of Y2.478t against purchases of Y3.5205t as many made their way back from the Oban-summer holidays. The dollar again seems to have been the favored destination, with US yields and USD/JPY considerably higher of late.
ASIA Week in FX


WEEK AHEAD

  • It’s monetary policy announcement week, AUD, CAD, GBP and EUR
  • Employment focus in AUD, CAD and USD
  • Retail Sales and Trade headlines come to us from AUD and CHF
  • Manufacturing data is produced in GBP and USD
  • Inflation numbers are released in CHF and CNY
  • CAD has building permits
  • EUR has the Spanish 10-year auction to take down

 

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