Forex Previews

US inflation and retail sales data to drive dollar – Forex News Preview

Posted on January 13, 2020 at 3:31 pm GMT

It might be an interesting week for the greenback, with the latest CPI inflation numbers hitting the markets on Tuesday at 13:30 GMT, ahead of retail sales figures on Thursday. Overall, these are likely to confirm the American economy remains in good shape, reinforcing the Fed’s ‘on-hold’ stance. As for the dollar, its strength is unlikely to abate anytime soon, as there’s little alternative for investors seeking higher interest rates alongside safety. A decent house in a bad neighborhood The [..]

Flurry of UK data due as pound grapples with rate cut risks – Forex News Preview

Posted on January 10, 2020 at 12:30 pm GMT

It’s a busy data week in the UK, with GDP numbers for November hitting the markets on Monday at 09:30 GMT, before inflation figures on Wednesday and retail sales on Friday. The pound seldom reacts to economic data nowadays, but that may change now that the Bank of England (BoE) is considering cutting rates. In fact, markets may be underpricing the possibility of a rate cut, implying that the risks surrounding the pound may be tilted to the downside from [..]

Week Ahead – US and China set to seal Phase One deal ahead of Chinese Q4 GDP release

Posted on January 10, 2020 at 11:13 am GMT

The United States and China will finally put pen to paper on the hard-fought ‘phase one’ deal on January 15, ending months of trade uncertainty and hostilities. However, it will be too early for the ebb in trade tensions to have benefited China’s export-heavy economy in the fourth quarter and GDP numbers due out of the country will likely leave markets underwhelmed. It will be an important data week in the UK and US as well, with monthly industrial output, [..]

Loonie braces for Canadian jobs data and Poloz’s speech – Forex News Preview

Posted on January 9, 2020 at 1:25 pm GMT

The latest employment figures out of Canada will be released at 13:30 GMT on Friday. Recent data have been disappointing, which puts extra emphasis on the upcoming numbers to either confirm that the economy is losing steam or dispel such concerns. As for the loonie, the risks surrounding its reaction seem asymmetric, with any disappointment generating bigger losses compared to the corresponding gains in case the data beat expectations. Separately, BoC Governor Poloz will speak today at 19:00 GMT, and [..]

NFP could be less exciting in December but dollar may not care – Forex News Preview

Posted on January 9, 2020 at 11:15 am GMT

The US is scheduled to publish its final Nonfarm payrolls report (NFP) for 2019 on Friday at 12:30 GMT and despite the ups and downs during the year and a potential slowdown in employment growth this week, the labor market is expected to have maintained a robust profile, reducing the odds for a more accommodative monetary policy. The dollar, though, may consider the data outdated, probably showing little volatility in the aftermath. NFP forecasts Sharp dips in employment growth during [..]

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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 [..]

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

Posted on December 20, 2019 at 1:31 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 [..]

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 [..]

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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