Forex Previews

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Fed ‘certain’ to raise rates, optimistic commentary likely on tap – Forex News Preview

Posted on September 25, 2018 at 12:20 pm GMT

The Fed is practically certain to raise interest rates by another quarter-percentage point on Wednesday at 1800 GMT. With such an action being fully priced in already, investors will probably focus more on the updated rate projections, economic forecasts, and Chair Powell’s press conference for fresh guidance. Given a booming US economy, policymakers are likely to appear optimistic overall, potentially providing a modest lift to the dollar. Life is good if you are a Fed policymaker. Or at least, better [..]

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Kiwi may post gains if RBNZ strikes upbeat tone; rates predicted to hold steady – Forex News Preview

Posted on September 25, 2018 at 11:11 am GMT

The Reserve of Bank of New Zealand (RBNZ) will be deciding on interest rates on Wednesday at 2100 GMT. The central bank is expected to hold rates steady at 1.75% and the meeting will be accompanied by a press conference by Governor Adrian Orr, and thus the focus will be on the statement for any updates. In the previous meeting on August 8, the RBNZ left again its official rate unchanged at the record low of 1.75%, saying that economic growth has moderated [..]

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Week Ahead – FOMC meeting and PCE inflation eyed as dollar loses momentum; RBNZ also meets

Posted on September 21, 2018 at 1:51 pm GMT

All eyes will be on the Federal Reserve policy meeting in the United States next week as markets await the central bank’s response to a firming inflation outlook and rising global trade tensions. The Reserve Bank of New Zealand will too be holding a policy meeting. But it will be a more muted week for economic data, with the main headlines likely to come from inflation and GDP releases, as many Asian markets will be closed at the start of [..]

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Japanese inflation data unlikely to move the yen as safe-haven flows remain currency’s primary driver – Forex News Preview

Posted on September 20, 2018 at 2:11 pm GMT

Japanese inflation data for August will be hitting the markets on Thursday at 2330 GMT. The figures are expected to confirm that the Bank of Japan remains far off from achieving its inflation target and barring a significant deviation from analysts’ forecasts, they’re unlikely to spur considerable movements in yen pairs. What is instead likely to remain a primary driver of the currency’s direction are safe-haven flows – or the lack thereof – stemming from issues having to do with [..]

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Canadian inflation & retail sales data to seal October rate increase? – Forex News Preview

Posted on September 20, 2018 at 9:25 am GMT

Canadian inflation and retail sales figures for August and July respectively are due on Friday at 1230 GMT. Market participants currently assign a near 80% chance for a rate hike by the nation’s central bank during its late October meeting, with a data beat having the capacity to seal the deal for such a move, consequently supporting the local dollar. Canada’s inflation as measured by the consumer price index is anticipated to contract by 0.1% m/m in August, after rising [..]

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Eurozone PMIs unlikely to allay growth concerns as euro drifts sideways – Forex News Preview

Posted on September 20, 2018 at 8:33 am GMT

The flash PMI releases for the Eurozone are due on Friday at 08:00 GMT but the indicators are not expected to inject much life into the single currency as growth in the region remains moderate at best. IHS Markit’s PMI gauges for the euro area’s manufacturing and services sectors have been losing steam since the turn of the year and despite steadying in recent months, there seems to be little evidence of a return to the impressive growth rates enjoyed [..]

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Informal EU summit not likely to deliver Brexit breakthrough – Forex News Preview

Posted on September 19, 2018 at 2:50 pm GMT

As the leaders of the EU gather in Austria today, British PM May hopes to convince them of the merits of her Chequers plan, in an attempt to lay the groundwork for a breakthrough in the Brexit negotiations. While no formal announcements will be delivered, sterling could still prove sensitive to any relevant remarks. Going forward, a realistic proposal that solves the Irish border issue may be needed for the currency to extend its recent gains. The heads of state [..]

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SNB unlikely to signal normalization, may “jawbone” franc – Forex News Preview

Posted on September 19, 2018 at 12:41 pm GMT

The Swiss National Bank (SNB) is widely expected to keep its ultra-loose policy unchanged when it announces its rate decision on Thursday at 0730 GMT. Investors will look for hints on whether a 2019 rate increase is a realistic scenario. While Swiss economic data are painting a rosier picture, it’s probably too early for such a signal, particularly with the franc already strengthening. In this respect, there is a clear downside risk for the currency, as policymakers may express discomfort [..]

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New Zealand GDP to bounce back in Q2 but outlook weighed by weak business confidence – Forex News Preview

Posted on September 19, 2018 at 10:18 am GMT

New Zealand’s economy will fall under the spotlight when GDP growth numbers for the second quarter are published on Thursday (Wednesday, 22:45 GMT). After slowing to a more than one-year low of 0.5% quarter-on-quarter in the first three months, some pick-up is expected in the June quarter. However, the sustainability of any rebound remains in question as business pessimism has clouded the outlook. The New Zealand dollar is at risk of a sell-off if the data suggests growth was boosted [..]

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UK CPI and retail sales to lose steam in August – Forex News Preview

Posted on September 18, 2018 at 4:20 pm GMT

After an upbeat report on wage growth last Tuesday, consumer prices and retail sales out of the UK are the next in line to drive the British pound this week. Surprisingly, average earnings picked up speed in July, outstripping inflation for the fifth consecutive month, a sign that purchasing power could widen in the coming months. Retail sales for the month of August, however, are expected to show that household spending softened instead, even under projections that inflation in the [..]

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