Forex Previews

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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 11:53 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? [..]

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 [..]

BoJ meeting: Preserving firepower – Forex News Preview

Posted on December 16, 2019 at 4:36 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 [..]

Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:45 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]

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Eurozone flash PMIs eyed amid some signs of green shoots – Forex News Preview

Posted on December 13, 2019 at 8:22 am GMT

Flash PMI indicators for December will be watched out of the Eurozone on Monday (09:00 GMT) as they could provide more tepid signs of recovery in the euro area. As the year draws to a close, there’s hope the worst is over for the struggling Eurozone economy, though it may be too early to judge whether worse pain is still to come. In the meantime, it may be difficult for the euro to post a convincing uptrend and could be [..]

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SNB meeting: No rate cuts yet, just FX intervention – Forex News Preview

Posted on December 11, 2019 at 12:36 pm GMT

The Swiss National Bank (SNB) will announce its quarterly decision at 08:30 GMT on Thursday. No action is expected, though markets do assign an almost 20% chance for a rate cut. That said, since the SNB already boasts the lowest interest rates globally, it doesn’t have many ‘rate bullets’ left, so it may prefer to save its final rate cut in case a shock hits. The franc could spike higher if rates are indeed left unchanged, while its broader direction [..]

As polls tighten, can Boris Johnson still secure a majority and has pound rally run its course? – Forex News Preview

Posted on December 11, 2019 at 10:34 am GMT

Britons go to the polls on Thursday for a parliamentary general election that is likely to determine the outcome of Brexit. The election – the first to be held in December since 1923 – comes just two and a half years after Theresa May’s attempt to capitalize on her huge lead in the polls spectacularly backfired. The present prime minister, Boris Johnson, and his Conservative party appear to be having better success this time round, maintaining a sizeable lead over [..]

Things to note about the ECB’s “get to know Lagarde” policy meeting – Forex News Preview

Posted on December 10, 2019 at 2:56 pm GMT

The European central bank’s policy meeting on Thursday at 12:45 GMT will be the last before the year end and the first for the new president Christine Lagarde. Although it is clear that no adjustment in policy will be announced, the event will be closely watched as investors are trying to get an impression about what the leadership profile and tone of the new chief who will lead the ECB for the next eight years will be and how this [..]

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