Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Japan manufacturers' mood is firm
In December, confidence among Japanese manufacturers was steady, while service-sector sentiment rallied for a second straight month. That’s what the Reuters Tankan survey unveiled on Thursday. It definitely underscored steady economic surge powered by both domestic and external demand.
The monthly survey, tracking the BOJ’s closely-watched tankan quarterly poll, found that manufacturers' mood grew moderately from three months ago, while service-sector morale remained sturdy enough, indicating a sound reading in the approaching BOJ tankan.
Sturdy tankan outcomes should be quite encouraging for Japan’s key bank, which will scrutinize the poll readings, due December 15, during its policy gathering later this month. Market participants are expecting Japan’s major financial institution to maintain its current easing stance.
As for the sentiment index for manufacturers, it kept to 27, being intact from November having reached a decade-maximum of 31 in October.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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