Forex Previews


US data may not save the dollar this week – Forex News Preview

Posted on August 12, 2019 at 3:03 pm GMT

The US consumer price index, retail sales and industrial production are all scheduled for release this week but whatever the actual results are the markets will keep the odds for a September rate cut high as the US-Sino trade trouble looks irreversible in the year ahead. Instead, the question should be how aggressively the Fed should act to balance the economy. The Consumer Price Index (CPI) for the month of July will come first into view on Tuesday at 1230 [..]


China’s monthly data to reveal impact of trade fallout – Forex News Preview

Posted on August 12, 2019 at 2:23 pm GMT

The world’s second-largest economy reports retail sales, industrial production, and fixed asset investment data early on Wednesday. Forecasts point to a slowdown in most figures, which if met, could signal that the trade war has truly started to inflict pain – despite substantial stimulus. Alongside the yuan, the China-sensitive aussie will also keep an eye on these prints, though the bigger driver for both will probably be what happens next in the trade saga. China’s economy probably lost steam at [..]


UK data to struggle to lift pound as speculation of snap election heats up – Forex News Preview

Posted on August 9, 2019 at 12:30 pm GMT

A raft of data is due out of the UK next week, but with key Brexit dates coming up in September and October, investors will likely ignore the usually closely watched indicators. Nevertheless, the releases may provide some near-term support for the battered pound, starting with jobs numbers on Tuesday, followed by inflation on Wednesday and retail sales on Thursday, all due at 08:30 GMT.   UK labour market to remain tight Although Britain’s labour market has cooled somewhat in recent [..]


Week ahead – Markets set to quiet down, despite tug of trade war

Posted on August 9, 2019 at 12:00 pm GMT

It may be a quiet week in financial markets, with no central bank meetings or any other major events on the agenda, as the summer lull finally kicks in. Economic data will therefore attract most of the attention, though any tweets on the trade war or Brexit news could always stir things up. British data unlikely to be a game-changer for the pummeled pound The UK economy continues to feel the heat, with GDP growth contracting in Q2, as Brexit [..]


Canadian employment to rebound in July, but might not halt loonie’s slide – Forex News Preview

Posted on August 8, 2019 at 10:30 am GMT

Employment numbers out of Canada will be in focus on Friday at 12:30 GMT. As most other central banks rush to join the global rate cut frenzy, the jobs data will be watched closely for clues on whether the Bank of Canada is any closer to adopting an easing bias. However, despite the Bank of Canada’s neutral stance looking increasingly out of step with the rest of the world, the Canadian dollar has been on the slide since late July, [..]


British GDP data unlikely to rescue the Brexit-battered pound – Forex News Preview

Posted on August 7, 2019 at 1:52 pm GMT

The first estimate of UK GDP for Q2 is due at 08:30 GMT on Friday, with forecasts pointing to a stagnation in growth. If confirmed, that could raise the pressure on the BoE to abandon its tightening plans soon. As for the pound, the outlook remains negative as long as PM Johnson plays ‘chicken’ with Brussels, threatening a no-deal Brexit to extract concessions. For the tide to turn, markets may need signals for a General Election, which won’t come for [..]


China’s exporters could have a painful summer as trade game turns more defensive – Forex News Preview

Posted on August 7, 2019 at 12:54 pm GMT

China played its exchange rate weapon this week to prove that it has the means to fight a tougher trade war with the US, but the Chinese government, like its major counterparts, also needs a solid economic floor to survive a bigger turmoil. Hence, trade and inflation data out of the country early on Thursday and Friday could be treated as clues on whether the world’s second biggest economy should proceed with more stimulus to enhance its financial dynamics. China’s exports to keep falling, [..]


Japan Q2 GDP growth to slow as soaring yen risks ire of policymakers – Forex News Preview

Posted on August 7, 2019 at 9:30 am GMT

Japan will publish GDP figures for the second quarter on Friday (Thursday, 23:50 GMT), and is expected to join its peers in reporting slower growth for the period. As the Bank of Japan ponders whether to ramp up an already mammoth asset purchase program, will the GDP data nudge policymakers closer to pulling the trigger on more stimulus? Japanese growth likely eased back in Q2 Growth in Japan in the first three months of the year was an unexpectedly solid [..]


Week Ahead – RBA and RBNZ to keep up rate-cut rhetoric; UK and Japan to post Q2 GDP

Posted on August 2, 2019 at 1:33 pm GMT

It will be the turn of the Reserve Bank of Australia and the Reserve Bank of New Zealand to next announce their latest policy decisions following a busy week for central banks. New Zealand will also see the release of the quarterly employment report and jobs figures are due out of Canada too. The highlight for the United Kingdom and Japan will be GDP growth numbers for the second quarter, and in China, the monthly trade and inflation releases will [..]


New Zealand jobs to be eyed ahead of expected RBNZ rate cut – Forex News Preview

Posted on August 2, 2019 at 12:25 pm GMT

The Reserve Bank of New Zealand was the first of the major central banks to embark on an easing cycle when it lowered rates in May. It’s been on hold since then but that could be about to change next Wednesday (0200 GMT) as the RBZN is expected to deliver a second rate cut. Ahead of the policy meeting, however, quarterly employment numbers will be watched on Tuesday (Monday, 2245 GMT). Low business confidence a big concern New Zealand’s economy [..]

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