Market Brief February 13th: GDP for Japan


Tuesday will be influnced by two major events. One of them is from the United Kigdom and the second is from Japan.

United Kingdom

GBP 09:30 a.m. GMT, CPI (YoY) (Jan) – the Consumer Price Index measures the change in the price of goods and services from the perspective of the consumer. CPI is instrumental in measuring changes in inflation and purchasing trends.

Market analysts forecast a drop in CPI at 2.9% for the month of January this year compared to last year during the same time when CPI was at 3.0%. Should the actual result point to a higher than expected result, this should be seen as a bullish factor for the pound. On the other hand, a disappointing result could bring down the pound even further.

Japan

JPY 23:50 GMT, GDP (QoQ) (Q4) P – total output of goods and services for the last 4th quarter of 2017 is here. This number will show if the economy accelerated in its growth or slowed its pace. Projections point at a slower growth at 0.2% compared to 0.6% from the previous 3rd quarter. If we see that Japan grew faster than projected, this should be seen as a bullish sign for the Japanese yen while a weaker number could point to the opposite –i.e. a weaker yen going down in price.

Ether

There are predictions that investors will turn their focus mainly on Ether and probaly will turn their backs on Bitcoin. The reason could be traced to the crash that Bitcoin suffered and the fact that its perceived value has yet to bottom out. When it comes to markets what drives price and perceived value is investor confidence, and of course supply and demand.
Wishing you Happy and Successful Trading!

 

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.

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