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Week Ahead – US jobs report to heat things up after holiday snooze

Posted on January 3, 2020 at 12:30 pm GMT

Markets will get back into full gear next week as traders return from their festive breaks and the economic data start rolling again. The spotlight will be on the nonfarm payrolls report in the United States, but key indicators out of the Eurozone, China, Canada and Japan should also attract attention. With the trade optimism setting the market mood at the end of 2019 and the start of 2020, there’s a risk the incoming data may not support the brightening [..]

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Week Ahead – Focus on manufacturing PMIs in subdued holiday week

Posted on December 27, 2019 at 2:01 pm GMT

The economic calendar will only marginally get busier in the coming week and trading volumes are not expected to pick up much as New Year celebrations get underway. However, key manufacturing gauges out of China and the United States could spoil the festive rally in equities as trade deal optimism continues to support risk assets heading into 2020. Meanwhile, in FX markets, the threat of another flash crash similar to the one seen in January 2019 will likely keep traders [..]

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Week ahead – Markets to enter holiday lull, but mind the volatility risk

Posted on December 20, 2019 at 1:34 pm GMT

As 2019 draws to a close, markets are set to enter a quiet period over the next couple of weeks, with no central bank meetings on the agenda and little economic data to keep traders entertained. That doesn’t mean that everything will be calm though, as liquidity will probably be very thin, making sharp price moves possible even without much news. US durable goods orders on the dollar’s sleigh In the world’s biggest economy, the sole data release will be [..]

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US personal income and consumption: can they extend positive data run? – Forex News Preview

Posted on December 19, 2019 at 12:58 pm GMT

Personal income and spending numbers will come under investors’ radar on Friday (17:00 GMT) and could upset the recent run of positive data out of the United States amid some concerns that income and consumption growth is moderating. The personal income and outlays report, which also contains the Fed’s favourite inflation gauge, will be one of the final major releases for 2019. But can it steer the US dollar amid end-of-year flows and thinning liquidity? Is US consumption slowing? Private [..]

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Bank of England likely to save caution despite some Brexit clarity – Forex News Preview

Posted on December 18, 2019 at 4:52 pm GMT

The British pound has erased all its gains from Boris Johnson’s decisive parliamentary majority last week as Brexit fears resurfaced. The focus is now turning to the Bank of England’s (BoE) policy meeting on Thursday at 12:00 GMT as markets are eagerly waiting to hear how the central bank is planning to deal with the new Brexit developments. While interest rates are widely expected to remain steady, policymakers are likely to save some caution, leaving the case open for a [..]

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Riksbank set to exit negative rates, but will it be enough to sustain krona’s bullish run? – Forex News Preview

Posted on December 18, 2019 at 11:54 am GMT

Thursday will be a busy day in the world of monetary policy as the Bank of Japan and Bank of England will be just some of the central banks who will be announcing their latest policy decisions. However, it will be Sweden’s central bank – the Riksbank – that could attract the most attention. Markets will be eagerly awaiting the Riksbank’s decision at 08:30 GMT to find out whether it has become the first central bank in the world to [..]

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Canadian inflation and retail sales to drive loonie – Forex News Preview

Posted on December 17, 2019 at 3:52 pm GMT

It’s a busy week in Canada, where CPI inflation data will hit the markets on Wednesday, ahead of retail sales on Friday. The loonie soared lately, as the de-escalation in trade tensions and the gains in oil prices painted a sunnier picture for the export-heavy Canadian economy, prompting investors to price out expectations of Bank of Canada (BoC) rate cuts. The subdued pricing implies that any disappointments in economic data going forward could come as a major ‘reality check’ for [..]

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Australian jobs report unlikely to temper expectations of more RBA easing – Forex News Preview

Posted on December 17, 2019 at 3:24 pm GMT

Employment numbers out of Australia will come under the spotlight on Thursday at 02:30 GMT as questions marks remain about the robustness of the Australian economy. Recent indicators out of the country have been on the soft side, keeping rate cut expectations well and truly alive. Nevertheless, the Australian dollar has been able to post an impressive rebound on the back of the de-escalation in Sino-US trade tensions. But could another month of poor jobs data jeopardise the aussie’s upswing? [..]

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Shining kiwi could get brighter on New Zealand’s Q3 GDP growth – Forex News Preview

Posted on December 17, 2019 at 11:59 am GMT

The New Zealand dollar registered five green weeks in a row against its US counterpart, ahead of the GDP report for the third quarter that is expected to back the upward direction in the currency on Wednesday at 21:45 GMT. Trade relief to discourage additional monetary easing in near-term In November, the Reserve Bank of New Zealand surprised markets by holding interest rates steady at 1.0% instead of cutting them by 25 bps as analysts anticipated. The kiwi changed trajectory immediately to the [..]

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BoJ meeting: Preserving firepower – Forex News Preview

Posted on December 16, 2019 at 4:40 pm GMT

The Bank of Japan (BoJ) will announce its decision early on Thursday. Even though the economy is headed downhill, no action is expected by policymakers. Investors think that the US-China ceasefire, alongside the fiscal spending package PM Shinzo Abe recently unveiled, will be enough to stimulate growth – allowing the BoJ to save its limited firepower for a stormy day. As for the yen, with global risks diminishing for now, the path of least resistance may be lower in the [..]

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