Thursday, 28 September 2017
What’s next? – USDJPY 28.09.17
The dollar/yen was 0.18 percent up as of 05:05 GMT on Thursday to trade at 113.01, as the American currency continued to strengthen on the back of expectations for further monetary policy adjustments and as the GOP released details of Trump’s tax reform.
The Trump administration and the Republican leadership agreed on a plan to introduce major changes to the US tax system, such reducing the corporate tax rate to 20 percent and simplifying the current seven brackets for individual taxpayers to only three.
The implementation of these reforms could have a serious impact on the economy, as they are meant to leave more cash on the table for spending.
The US dollar index, which gauges the greenback against a basket of six major rivals, was trading at 93.41 by the time of this writing, adding 0.25 percent.
Also supporting the pair were expectations for a third rate hike later this year following Fed Chair Janet Yellen warning about adjusting monetary policy “too gradually”.
According to Fed funds tracked by CME Group’s FedWatch tool, traders are currently pricing in a 76.4 percent probability of a 25 basis points rate hike by December.
On the data front, durable goods orders rose 1.7 percent in August, up from an initially forecasted 1.0 percent. Pending home sales declined by 2.6 percent.
Bank of Japan Governor Haruhiko Kuroda is due to speak as of 06:35 GMT. The BoJ chief has recently expressed that the regulator will continue to support the economy if needed, dissipating rumors about a monetary policy tightening in the upcomings months.
Ahead in today’s session, a fresh reading on the second quarter US gross domestic product is scheduled at 12:30 GMT, along with August trade figures and initial jobless claims.
Attention will also be directed to speeches from FOMC members George and Stanley Fischer as of 13:45 GMT and 14:15 GMT respectively.
Subscribe to:
Post Comments
(
Atom
)
Blog Archive
- August ( 1 )
- July ( 1 )
- June ( 7 )
- May ( 2 )
- April ( 2 )
- March ( 5 )
- February ( 8 )
- January ( 14 )
- December ( 3 )
- November ( 11 )
- October ( 10 )
- September ( 4 )
- August ( 10 )
- July ( 3 )
- June ( 5 )
- May ( 12 )
- April ( 12 )
- March ( 38 )
- February ( 34 )
- January ( 36 )
- December ( 16 )
- November ( 36 )
- October ( 27 )
- September ( 34 )
- August ( 58 )
- July ( 58 )
- June ( 35 )
- May ( 92 )
- April ( 69 )
- March ( 69 )
- February ( 63 )
- January ( 48 )
- December ( 27 )
- November ( 78 )
- October ( 104 )
- September ( 113 )
- August ( 119 )
- July ( 53 )
- June ( 107 )
- May ( 49 )
- April ( 53 )
- March ( 54 )
- February ( 46 )
- September ( 1 )
- August ( 24 )
- October ( 4 )
- September ( 6 )
- August ( 3 )
- July ( 6 )
- June ( 3 )
- May ( 1 )
- April ( 1 )
- March ( 6 )
- February ( 4 )
- January ( 4 )
- December ( 4 )
- November ( 4 )
- October ( 3 )
Labels
- what’s next ( 553 )
- trading signals ( 230 )
- Wall Street ( 197 )
- Crypto ( 174 )
- this is interesting ( 162 )
- company news ( 93 )
- motivation ( 78 )
- weekly outlook ( 64 )
- trading tips ( 52 )
- fundamental review ( 48 )
- politics ( 45 )
- about us ( 43 )
- success tips ( 34 )
- promotion ( 32 )
- Buy ( 14 )
- sell ( 13 )
- how to ( 12 )
- Bonus.Welcome Bonus ( 10 )
- Bonus ( 8 )
- Equities ( 8 )
- RateBattle ( 8 )
- technical analysis ( 8 )
- gold ( 7 )
- stocks ( 7 )
- no deposit bonus ( 6 )
- deposit bonus ( 3 )
- Cash4Signal ( 2 )
- Contest ( 2 )
- Welcome Bonus ( 2 )
- 10% cashback ( 1 )
- Weekly trading ( 1 )
- Weekly trading statistics ( 1 )
- no deposit bonus! ( 1 )
© Fort Financial Services - EN 2017 .
No comments :
Post a Comment