Forex Previews

Week Ahead – Central banks bonanza awaits: Fed might disappoint, BoJ could surprise, more Brexit blues for BoE

Posted on September 13, 2019 at 1:30 pm GMT

With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four major policy meetings still to come. The Bank of Japan, the Bank of England, the Swiss National Bank, and of course, the Federal Reserve will announce their decisions over the next seven days. Economic data will also make the headlines as Canada, Japan and the United Kingdom publish inflation stats, China releases industrial production and retail [..]

China’s monthly data eyed as aussie rides trade optimism – Forex News Preview

Posted on September 13, 2019 at 10:25 am GMT

The world’s second-largest economy will see the release of its industrial production, retail sales, and fixed asset investment data for August early on Monday, at 02:00 GMT. Forecasts point to a pickup in most indicators, which if confirmed, may signal that Beijing’s stimulus measures are finally starting to pay off. While that may help the China-sensitive aussie recover more ground, any signals around the upcoming trade talks could prove far more important for the Australian currency. The Chinese economy slowed [..]

US retail sales and CPI inflation should not surprise – Forex News Preview

Posted on September 11, 2019 at 3:04 pm GMT

Another round of high-level trade talks between Washington and Beijing has been arranged and the spotlight now turns back to data releases as markets are trying to figure out whether there is a need for a sharper rate cut, ahead of the Federal Market Open Committee’s policy meeting next week. Retail sales and the Consumer Price Index will feature the US calendar on Thursday and Friday respectively at 1230 GMT, though the results may look familiar. US and China prefer stimulus to solving [..]

ECB meeting: Is ‘Super Mario’ coming with a bazooka or a toy gun? – Forex News Preview

Posted on September 11, 2019 at 11:49 am GMT

The highly anticipated European Central Bank (ECB) meeting concludes on Thursday at 11:45 GMT, and a press conference by President Mario Draghi will follow at 12:30 GMT. Policymakers are almost certain to deliver a blend of measures, such as a rate cut combined with another dose of QE. Therefore, the question facing markets is how big this stimulus package will be. It’s a close call, but the risks seem tilted towards a larger-than-expected rate cut, which may weigh on the [..]

UK jobs market resilient in Brexit-hit economy as PM seeks ways to bypass law for extension – Forex News Preview

Posted on September 9, 2019 at 12:38 pm GMT

Labour market data will be watched out of the United Kingdom on Tuesday just as Parliament is suspended again only a week after returning from the summer recess. The employment report, due at 08:30 GMT, comes after today’s data pointed to a small bounce in UK growth in July. But while any upbeat data is supportive of the pound, traders will be looking for progress on the political and Brexit front before adjusting their long-term outlook for the currency. UK [..]

Week Ahead – ECB stimulus eyed; China trade and US retail sales data in focus too

Posted on September 6, 2019 at 1:26 pm GMT

The European Central Bank’s policy meeting will be the focal point for traders next week as expectations are running high that a large stimulus package is on the way. But as the ECB takes action to boost flagging Eurozone growth, key indicators out of China, Japan, the United Kingdom and the United States will also be on the radar as investors seek clues about policy easing elsewhere. Chinese trade figures and US retail sales will be the main highlights from [..]

US NFP jobs report to stay healthy but Fed will cut rates anyway – Forex News Preview

Posted on September 3, 2019 at 3:41 pm GMT

The next Nonfarm payrolls (NFP) release is on Friday at 1230 GMT and expectations are for a weaker but still consumption-supportive outcome. However, with global risks heightening in the background, markets believe that the labor market could soon falter in front of a tougher US-China trade war, opening the window wider for additional monetary stimulus. According to analysts, the US economy added 159k new job positions in August compared to a 164k increase in July and a 193k rise in June. Although softer readings [..]

Bank of Canada seen holding rates after robust GDP growth – Forex News Preview

Posted on September 3, 2019 at 10:28 am GMT

The Bank of Canada meets on Wednesday for its scheduled policy decision and will announce the outcome at 14:00 GMT. Speculation has been rife about when the BoC will shift to an easing bias as it remains one of the few central banks among advanced economies that has not cut interest rates or signalled one. But with the latest data suggesting its full steam ahead for the Canadian economy, market odds for an end of year rate cut have receded [..]

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RBA to leave room for thought on Tuesday – Forex News Preview

Posted on September 2, 2019 at 4:29 pm GMT

Australia is caught in the middle of the Sino-US trade war and although conditions seem to be getting worse rather than better, clouding the country’s economic outlook, the Reserve Bank of Australia is not expected to deliver further monetary easing when it announces its rate decision on Tuesday at 0430 GMT. The pause, however, could be only temporary. Its tied trade relations with China makes the commodity-linked Australian economy quite vulnerable to the Sino-US trade war and despite cutting interest rates twice this summer by 25bps, [..]

Week Ahead – Aussie Q2 data, RBA and BoC meetings, US jobs report and Brexit to make for a busy week

Posted on August 30, 2019 at 1:04 pm GMT

As the summer draws to a close, it will begin to get a little more heated in forex markets as a combination of central bank meetings, key releases and political risks look set to jump start the Autumn trading season. A raft of data out of Australia next week as well as an RBA policy meeting will keep aussie traders glued to their desks, though the Bank of Canada could steal the limelight as it ponders whether to make a [..]

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