Forex Previews

Week Ahead – RBNZ meeting, US retail sales and UK GDP to headline muted week

Posted on February 7, 2020 at 11:14 am GMT

As markets enjoy a bit of bounce back from the panic selling triggered by the outbreak of the deadly coronavirus, traders may struggle to keep the momentum going over the next seven days as things quieten down a little on the data front. Industrial production numbers out of the Eurozone, the United States and the United Kingdom will be the main release, though the focus will be on fourth quarter GDP estimates for the UK and on the latest retail [..]

Nonfarm payrolls: Could first report of 2020 send the dollar higher? – Forex News Preview

Posted on February 5, 2020 at 11:22 am GMT

The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the new decade. Despite the coronavirus scare, analysts believe that the US labor market kicked off the year on the right foot. The reaction in the dollar, however, will depend on whether the numbers will be able to smoothen markets’ dovish [..]

Devastated loonie eyes Canadian jobs data for relief – Forex News Preview

Posted on February 5, 2020 at 8:53 am GMT

The latest jobs numbers out of Canada are due at 13:30 GMT on Friday. Forecasts point to another decent report, which could dispel some expectations for a rate cut by the BoC in the coming months, and perhaps lift the loonie on the news. That said, as long as markets continue to agonize about the impact of the coronavirus on the global economy and commodity demand, any recovery in the oil-sensitive currency might remain short lived. Loonie pummeled as BoC [..]

Will the coronavirus infect the RBA’s policy? – Forex News Preview

Posted on February 3, 2020 at 3:11 pm GMT

The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday at 03:30 GMT, and markets assign only a 25% chance for a rate cut. While the aussie could spike up if policy is indeed kept unchanged, any positive reaction might remain short lived, as the broader outlook still seems negative amid fears of a severe slowdown in China and falling commodity prices. That said, much will also depend on whether aussie/dollar can break below the 10-year low [..]

Week ahead – RBA meeting and US payrolls in focus as virus worries linger

Posted on January 31, 2020 at 1:18 pm GMT

The Reserve Bank of Australia (RBA) is the sole major central bank that will meet next week but that doesn’t mean the calendar is light, as there’s a cascade of crucial economic data to keep things exciting. The US employment report will reveal whether the recent ‘cracks’ in the labor market were just outliers in an otherwise healthy trend, or early signs of weakness. The answer could determine whether ‘king dollar’ will continue to reign over the FX market. More [..]

Bank of England: Could be a tense meeting – Forex News Preview

Posted on January 29, 2020 at 11:50 am GMT

The Bank of England (BoE) is having its first policy meeting for 2020 on Thursday at 12:00 GMT and a day before the UK officially departs from the EU. Despite the political relief, the rate decision, which will be the last for Governor Mark Carney before his term ends in mid-March, may not be an easy task. Nevertheless, expectations are for the Bank to keep rates at the same level and remain patient until further notice. BoE may pause for [..]

Fed to stay on hold, but adopt a more cautious tone? – Forex News Preview

Posted on January 28, 2020 at 4:44 pm GMT

The Federal Reserve is almost certain to keep interest rates unchanged when it wraps up its policy meeting on Wednesday at 19:00 GMT. If there is any change in tone from Chairman Powell and his colleagues, it might be towards a more cautious narrative, which could weigh on the dollar a little. That said, the currency’s overall outlook still seems positive, for a lack of alternatives. US GDP growth data for Q4 are also due out on Thursday, at 13:30 [..]

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Aussie tumbles ahead of CPI figures – Forex News Preview

Posted on January 28, 2020 at 7:09 am GMT

Early on Wednesday at 0030 GMT, Australia will publish its inflation numbers for the fourth quarter of 2019. Forecasters expect inflation to remain steady at 1.7% as before on a yearly basis. On a quarterly basis, the pace of consumer price increases is predicted to tick higher to 0.6% from 0.5% prior. The view is that the Reserve Bank of Australia (RBA) will probably postpone its next rate cut to April with the final cut to 0.25% occurring in August. This looser policy is expected following devastating bushfires. The [..]

Week Ahead – Fed to stand pat but BoE could cut; US and Eurozone Q4 GDP eyed

Posted on January 24, 2020 at 12:38 pm GMT

There will be no shortfall of market-moving events in the coming week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The Federal Reserve will hold its first policy meeting of 2020 but Q4 GDP and PCE inflation numbers out of the United States are likely to be more helpful for investors in gauging the next move in interest rates. In comparison, the Bank of England’s meeting is expected to be the most exciting in quite [..]

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New Zealand’s inflation data: Let it ride – Forex News Preview

Posted on January 23, 2020 at 1:32 pm GMT

Fourth-quarter inflation numbers out of New Zealand are due at 21:45 GMT on Thursday, and forecasts point to a solid increase in the yearly CPI rate. If met, such a print would feed the narrative that the economy is getting its feet under it after a soft 2019, and further diminish the odds for the RBNZ to cut rates again in the coming months. That might help the kiwi recover somewhat, though the risks surrounding the currency seem increasingly asymmetric. [..]

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