- MarketPulse - https://www.marketpulse.com -

ASIA is doing its bit too

The BoJ and PBoC did their bit and helped take some heat off a burdened Euro financial system. Japan took part directly in coordinated actions to provide liquidity support to the global financial system. China, she took the internal route and cut its domestic banks reserve ratio. The PBoC actions is supposed to provide support for global growth expectations and growth sensitive assets. Looking at Friday’s price action, capital markets fear that Europe is on the verge of imploding again. In reality, very few want to own risk ahead of next weeks Central Bank rate announcements and the now highly anticipated Euro summit.

Below are some other highlights of the week:


ASIA

 

AMERICAS Week in FX [1]

EUROPE Week in FX [2]

 

WEEK AHEAD

  • Central bank decisions come to us from AUD, NZD, BoE, EUR and CAD
  • CHF delivers its CPI outlook
  • Services and non-manufacturing PMI is released in CAD, GBP and USD
  • CAD gives us building permits and housing starts
  • AUD announces its GDP outlook and employment situation
  • Trade Balance in reported in USD and CAD
  • The week ends with USD’s Prelim UoM Sentiment

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell