{"id":96910,"date":"2016-10-18T07:38:46","date_gmt":"2016-10-18T11:38:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=96910"},"modified":"2016-10-18T07:38:46","modified_gmt":"2016-10-18T11:38:46","slug":"us-dollar-is-advancing-for-second-straight-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/us-dollar-is-advancing-for-second-straight-week\/","title":{"rendered":"US dollar is advancing for second straight week"},"content":{"rendered":"
October 18, 2016<\/div>
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By IFCMarkets<\/a><\/p>\n

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Investors expect the corporate earnings to come out<\/h2>\n<\/div>\n<\/div>\n

US dollar index advanced on Friday on positive retail sales and September producer prices data. Moreover, the Fed Chair Janet Yellen said more stimulus measures may be needed for economic growth. Stock indices remained almost flat on Friday as investors expect further release of corporate data. Only 34 companies from S&P 500 index have released their earnings data so far. The Q3 earnings shall fall by 0.4%, according to consensus-forecast. This week the General Electric, Johnson & Johnson and Bank of America will report their earnings. Total S&P 500 earnings fell 5% in Q1 2016 and another 2.1% in Q2. Manufacturing production data for September came out in US on Monday. They were in line with expectations and did not affect the markets.<\/p>\n

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\nEuropean indices move sideways<\/h2>\n

European indices slightly fell on Monday after growth on Friday. In general the market is moving sideways. Stock prices fell early this week on weak outlook for British media group Pearson and Norwegian fish company Marine Harvest. No significant economic news came out in EU on Monday. Euro slightly advanced on Monday after the Friday decline. Investors expect the ECB meeting which will take place on Thursday. The quantitative easing program may be extended over the next March.<\/p>\n

Final manufacturing production for August slightly fell in Japan, the data came out on Monday. Nikkei was almost unchanged. Yen slightly strengthened amid lower exports from China. China and Japan are considered to be regional competitors.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
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By IFCMarkets Investors expect the corporate earnings to come out US dollar index advanced on Friday on positive retail sales and September producer prices data. Moreover, the Fed Chair Janet Yellen said more stimulus measures may be needed for economic growth. Stock indices remained almost flat on Friday as investors expect further release of corporate […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96910","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=96910"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96910\/revisions"}],"predecessor-version":[{"id":96919,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96910\/revisions\/96919"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}