How to trade on September 16?
The market calms down ahead of the Fed’s statement this evening.
Japan manufacturers' mood goes down amid global uncertainty
In September, Japanese manufacturers' confidence declined for the first time for four months from last month’s decade-high level and it was supposed to dip further, suppressed by global uncertainty, as a Reuters survey disclosed.
The monthly survey, tracking the Bank of Japan's closely monitored quarterly tankan, discovered that the service-sector mood boasted its best outcome for more than two years, contributing to recent signs of revival in private consumption.
Versus three months ago, the Reuters Tankan's sentiment indexes for manufacturers as well as service sector companies was mostly intact, pointing to a firm reading in the key bank's approaching tankan due on October 2.
Firm tankan outcomes would back the BOJ's positive view on Japan's economy, supposed to continue its moderate surge having reported the sixth straight quarter of expansion through June.
As the BOJ's last tankan disclosed, in the June quarter big manufacturers' business confidence reached its highest value in more than three years.
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Ahead of Fed’s statement
Get ready with us for the most important event of this week! The FOMC’s statement will be out on Wednesday at 21:00 MT time.
Big day for Forex market
The FOMC will make a statement on September 16 at 21:00 MT time!
Latest news
CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Main market movements on September 17
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
How to trade GBP after BOE statement?
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
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