Forex Previews


UK retail sales and PMIs to turn spotlight on recovery amid Brexit shenanigans – Forex News Preview

Posted on October 21, 2020 at 11:39 am GMT

It may be hard to escape the latest bombardment of Brexit headlines but crucial economic data coming up at the end of the week may help divert attention to the recovery in Britain as COVID-19 cases continue to rise rapidly across the country. Retail sales numbers for September are due on Friday at 09:00 GMT, to be swiftly followed by the flash October PMIs at 08:30 GMT. Although growth in the economy has stayed positive since May, there are increasing [..]


Eurozone PMIs: Putting a double-dip recession on the map? – Forex News Preview

Posted on October 21, 2020 at 9:33 am GMT

The Eurozone’s preliminary PMIs for October will hit the markets at 08:00 GMT Friday and will reveal just how much damage businesses have suffered by the second wave of coronavirus that is rampaging through Europe. The euro has not reacted much so far to the restrictions and curfews imposed in many countries, but that could change if the PMIs spark fears of another negative GDP print in Q4. Covid rages on European coronavirus infections have sadly gone through the roof [..]


Loonie may edge higher after Canadian CPI and better retail sales – Forex News Preview

Posted on October 20, 2020 at 12:27 pm GMT

Canada will publish its inflation data for the month of September at 1230 GMT on Wednesday together with retail sales figures for August. The recovery in retail sales has been V-shaped, with sales in June and July rebounding and surpassing February’s pre-pandemic levels. There is a critical juncture in the economic recovery from Covid-19 that implies more attention is needed on CPI changes as the loonie continues to head north. Will CPI and retail sales figures help the loonie? The projection for the monthly CPI is for it to remain negative at [..]


Week Ahead – Flash PMIs could underscore worsening virus trend; US election polls in focus

Posted on October 16, 2020 at 12:36 pm GMT

The virus reality has come back to bite markets just as investors were attempting once again to shrug off the gloom and doom. The daily frequency of tighter Covid restrictions being announced across Europe and dimming expectations of a pre-election stimulus deal by US lawmakers has put a dampener on risk sentiment over the past few days. Uncertainty about the US election and Brexit are adding to the market anxiety. With none of these outstanding issues expected to be resolved [..]


What does New Zealand’s election mean for the kiwi? – Forex News Preview

Posted on October 15, 2020 at 1:46 pm GMT

New Zealand’s election takes place on Saturday and opinion polls suggest a decisive victory for incumbent Prime Minister Jacinda Ardern, who has become tremendously popular after successfully handling the healthcare crisis. The real question for the kiwi dollar is whether Ardern will win an outright governing majority, in which case the currency could get a small boost, or whether she will need a coalition with a smaller party. In the bigger picture, the primary drivers for the kiwi will be [..]


US retail sales may get sidelined amid political woes – Forex News Preview

Posted on October 14, 2020 at 11:11 am GMT

The US calendar will get busier at the end of this week amid a turbulent presidential campaign and a fiscal stimulus drama. But among all data, the focus will be on retail sales for September released Friday at 12:30 GMT. Particularly, markets would like to find out how household spending in the world’s biggest economy is progressing during the present coronavirus conditions, but the results may not paint a rosy picture. The reduced $300 weekly unemployment benefit which Trump extended [..]


Australian unemployment data to shed light on recovery – Forex News Preview

Posted on October 13, 2020 at 2:25 pm GMT

September’s employment report for Australia is likely to catch investors’ eyes on Thursday at 0030 GMT as the Australian economy is in recession as a result of the Covid-19 pandemic – its first recession in almost 30 years. Stronger figures in employment may provide some relief to the domestic currency, helping it to surpass the two-year high. Unemployment figure predicted to slow down In the previous release, the unemployment rate unexpectedly fell to 6.8% in August from a near 22-year high of 7.5% [..]


Week Ahead – Hopes of a Democratic sweep propel markets higher

Posted on October 9, 2020 at 1:20 pm GMT

It’s been a wild week for global markets, which defied the gloom after President Trump halted the negotiations for another relief package to focus instead on the rising odds of a decisive Biden victory that could bring much greater stimulus after the election. This will likely remain the dominant theme for the dollar and equities for now, with economic data being overshadowed by incoming election polls. Meanwhile, the earnings season resumes, Brexit talks continue, and it seems like the second [..]


Canada’s jobs report to defy second wave of Covid-19– Forex News Preview

Posted on October 7, 2020 at 2:45 pm GMT

The Canadian dollar is gaining some ground against the US dollar with weak momentum as investors are waiting for the employment report on Friday at 1230 GMT. It’s noteworthy that the currency is moving up despite recording the highest single-day increase in Covid-19 cases since the pandemic began, on Monday. Stronger figures in employment may provide some relief to the domestic currency, helping it surpass the two-week high. A reduction in unemployment is expected In the previous release, the unemployment rate in Canada decreased to 10.2% in August from 10.9% [..]


ECB minutes may expose rift over stimulus programme – Forex News Preview

Posted on October 7, 2020 at 12:19 pm GMT

The European Central Bank will publish the minutes of its September policy meeting on Thursday at 11:30 GMT as policymakers find themselves increasingly under the spotlight for their diverging views. Differences over the deflationary impact of a stronger euro and how the pandemic asset purchases are conducted have been sending conflicting signals about where the ECB stands on these issues, casting doubt on the Bank’s ability to respond effectively should another round of stimulus be required. In the meantime, the [..]

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