Forex Previews

Week Ahead – US and UK data to lead quiet week as dollar can’t make up its mind

Posted on May 7, 2021 at 12:14 pm GMT

After plenty of excitement from central banks and top-tier economic releases in the past couple of weeks, things will take a backseat over the next seven days. The slower news pulse could give way to some sideways action in currency markets as the US dollar fights off selling pressure. A more cautious mood on Wall Street could assist dollar bulls as stocks tend to perform poorly in May. There could be a further boost for the greenback coming in the [..]

post-image

Loonie may return to losses after April’s employment report – Forex News Preview

Posted on May 6, 2021 at 9:42 am GMT

The loonie has been enjoying a strong upside movement against the US dollar over the last month as investors are waiting for April’s employment report on Friday at 17:00 GMT. As the vaccine rollout continues, Ontario is planning to expand eligibility for coronavirus vaccines during May, with shipments increasing in the next weeks. Unemployment rate expected to tick higher In the previous release, the unemployment rate in Canada decreased for the second straight month to 7.5% in March, reaching the lowest level since February 2020. However, the consensus for April [..]

April Nonfarm payrolls to glide higher, but dollar has other matters to care – Forex News Preview

Posted on May 5, 2021 at 1:46 pm GMT

US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria, however, is already well priced in, and the jobs data alone may not be a source of volatility for the dollar this week as the next question that arises is when and how the Fed could begin to gradually withdraw the huge stimulus [..]

Bank of England: Taper time? – Forex News Preview

Posted on May 3, 2021 at 3:21 pm GMT

The BoE will publish its latest rate decision at 11:00 GMT Thursday alongside updated economic forecasts, which Governor Bailey will present during his press conference. The British economy is doing much better and there’s speculation the Bank might signal a slowdown of its asset purchases. That could propel the pound higher, but whether any gains are sustained will also depend on the Scottish elections on the same day. Reaping the rewards of vaccinations The United Kingdom is finally ready to [..]

Week Ahead – RBA to stand pat but BoE might taper; Can a bumper NFP excite after dovish Fed?

Posted on April 30, 2021 at 12:24 pm GMT

The central bank theme will continue over the next seven days with policy meetings by the Reserve Bank of Australia and Bank of England. The RBA will probably maintain some caution after weak inflation figures but there is some speculation the BoE could start to taper its asset purchases as early as the May meeting. On the data front, the nonfarm payrolls report is due out of the United States. However, after the Fed once again dismissed talk of an [..]

post-image

RBA to hold steady as aussie tries to head north – Forex News Preview

Posted on April 30, 2021 at 11:25 am GMT

The Reserve Bank of Australia (RBA) meets on Tuesday for its policy meeting, with a decision expected at 04:30 GMT. No change in policy is anticipated at the May meeting. The vaccination progress in the country has some delays and a dovish statement could land a blow to the Australian dollar, which has been in a slightly upside tendency over the last couple of weeks. RBA cash rate may remain steady again During the coronavirus pandemic, the RBA has been one [..]

Eurozone GDP to confirm double-dip recession but euro looks to brighter Q2 – Forex News Preview

Posted on April 28, 2021 at 2:58 pm GMT

The flash estimate of first quarter GDP growth is due out of the Eurozone on Friday at 09:00 GMT. Fresh lockdowns are expected to have dragged the euro area economy into a double-dip recession, highlighting Europe’s bumpy recovery road. However, forward-looking indicators suggest a rebound is already underway, and combined with the pick-up in Europe’s vaccination pace, investors are more optimistic about the months ahead. Consequently, the euro has perked up lately, but how sustainable is this bullish phase? Not [..]

FOMC policy meeting: policymakers may keep their cards close to their chest – Forex News Preview

Posted on April 27, 2021 at 3:08 pm GMT

The Fed’s policymaking arm will conclude its two-day policy review on Wednesday, with the announcement and the press conference expected to hit the headlines at 18:00 GMT and 18:30 GMT respectively. There are rumours that bond tapering talks may wrap up, but board members will probably keep the cards close to their chest and maintain the same guidance even if Q1 GDP growth figures due on Thursday and core PCE inflation data on Friday surge. If the Bank hints at [..]

post-image

Aussie to take a special look at Australian CPI – Forex News Preview

Posted on April 26, 2021 at 1:44 pm GMT

Australian CPI figures for the first quarter will be front and centre on Wednesday at 01:30 GMT, with the country being one of the world’s success stories in the coronavirus pandemic. However, the country has been slower than others to immunize its population with delays to the delivery of vaccine orders, which may affect the aussie as well, although it is on a somewhat firmer footing lately. The inflation report is predicted to print 0.5% q/q for the trimmed mean, pushing the annual rate up to 1.4% from 0.9% for the first quarter [..]

BoJ to lower inflation, raise growth projections; yen likely to be unmoved – Forex News Preview

Posted on April 23, 2021 at 1:00 pm GMT

The Bank of Japan (BoJ) announces the outcome of its April monetary policy meeting on Tuesday and will also publish its latest Outlook Report. Japan is facing a fourth wave of the coronavirus, threatening new state of emergencies being declared across the country. However, the economy has been recovering at a respectable pace, with the help of booming exports. But as far as the yen is concerned, the BoJ’s yield cap means the growth prospects of rival economies matter more [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.