Here's What We Left Out - FX Leaders News

Here’s What We Left Out

Posted Thursday, March 16, 2017 by
Skerdian Meta • 1 min read

Having covered the FED meeting, the interest rate decision, as well as the SNB (who didn´t really impact the market), we´re left now with the rest of the economic events to cover.

After the FED last evening, we had the New Zealand GDP numbers for Q4 2016 and they missed expectations by 3 points. The last reading was revised 3 points lower too, so that was a terrible report. However, the Kiwi didn´t suffer that much. Probably because the market was too focused on the Buck.

The Australian employment report was published during the night and that wasn´t any good either. Employment fell and unemployment increased from 5.7% to 5.9%.

The Bank of Japan (BOJ) didn´t offer us much in the press conference and they left the rates unchanged, so nothing from the eastern front. Our forex signal in USD/JPY looks fine at least.

Moving over to Europe, the Dutch threat to the EU is now subdued as the anti-EU candidate had a loss. So, Europe is feeling a bit safer now, while the Queen of the Brits gave the green light today for Article 50.

Looks like Brexit starts now (a few days at best), but the morons in charge of the UK government (excuse my French) are going in all confident and arrogant without a contingency deal on the Brexit plan. Overconfidence is the main cause of death for forex traders, but it looks like it will be the case for an entire nation too.   

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta is our Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of