Forex Previews

Eurozone's inflation spiral to continue but will the euro capitalize? – Forex News Preview

The euro went downhill lately as Europe became the epicenter of another pandemic wave, forcing several economies to return to lockdowns ahead of the holiday season.

Week Ahead – NFP report could keep the dollar rally going

It will be hard for the US dollar to escape the spotlight in the coming week as the November jobs report will likely further fuel expectations of faster Fed tapering, extending the rally.

PCE inflation and Fed minutes could further feed the dollar bulls – Forex News Preview

The US dollar has entered Thanksgiving week in a bullish mode and things could heat up even more before many traders head off for the long weekend as the Fed’s latest meeting minutes and the all-important PCE inflation data are both coming up on Wednesday.

RBNZ meeting: Single or double rate hike? – Forex News Preview

The Reserve Bank of New Zealand (RBNZ) will wrap up its latest meeting at 01:00 GMT Wednesday. A rate increase is definitely on the menu - the real question is how much rates will be raised.

The latest batch of British data will hit the markets on Tuesday morning at 08:30 GMT. The flash manufacturing and services PMIs will attract attention before traders’ focus turns on whether the Bank of England will raise interest rates at its December meeting.

Eurozone PMIs in focus as euro takes a beating – Forex News Preview

Flash PMI numbers for the Eurozone will likely attract a lot of attention on Tuesday when they’re released at 09:00 GMT as the euro gets savaged in the currency markets.

Week Ahead – European PMIs could spell more bad news for euro

The euro has been demolished by fears that new lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues.

Canadian CPI may help loonie recover lost ground – Forex News Preview

Canada will announce its inflation data for the month of October at 13:30 GMT on Wednesday. It is possible that the data will indicate that inflation has continued to accelerate, which would strengthen the case for an earlier rate hike and support the Canadian currency versus the greenback, helping it bounce back from the one-month low that was posted in the previous week.

Will UK inflation data rekindle BoE rate hike talk, jump-start the pound? – Forex News Preview

It’s a packed week for UK economic indicators, starting with the labour market report on Tuesday, CPI figures on Wednesday and retail sales data on Friday, all due at 07:00 GMT.

US retail sales could refuel the dollar’s rally – Forex News Preview

The dollar sliced through its rivals last week as inflation fired up, raising bets that the Fed will be forced to normalize at a faster clip.

Week Ahead – More CPI data incoming; is the inflation storm about to get bigger?

As inflation in the United States hits a three-decade high, there could be further nasty surprises on the way as more countries publish their monthly CPI prints.

UK flash Q3 GDP growth may not be a game changer for pound – Forex News Preview

Flash GDP growth figures for Q3 will be out of the UK on Thursday at 06:00 GMT, likely displaying waning economic dynamics in the face of fading base effects and global supply crunches.

Dollar braces for US inflation report – Forex News Preview

The latest US inflation data will be released at 13:30 GMT Wednesday. Forecasts point to another sharp acceleration, which could unleash turmoil in the markets as the transitory narrative melts away.

The aussie has been in a descending move over the last eight months with the employment report for October, due out on Thursday at 00:30 GMT, likely to attract some attention.

While China’s president Xi Jinping will be laying the ground for what could inevitably be a third term of his leadership next year during a historical meeting with the Communist party this week, the spotlight will fall on the domestic consumer (CPI) and producer price indices (PPI) on Wednesday at 01:30 GMT.

Week Ahead – Another US inflation shock?

It is a relatively calm week without any central bank meetings and just a handful of data points. The only event that could spark fireworks is the latest edition of US inflation, which will probably fire up further.

Will nonfarm payrolls reignite the dollar’s uptrend? – Forex News Preview

With the Fed meeting out of the way, the spotlight now falls on the next edition of nonfarm payrolls at 12:30 GMT Friday.

FOMC policy meeting: Taper time but eyes on rate signals – Forex News Preview

What distinguishes the Fed from other key central banks is its confidence over bond tapering. On Wednesday at 18:00 GMT, the Fed is widely expected to announce that its bond program, which massively expanded its balance sheet over the past two years to fight the economic shock from the pandemic, has done its job.

New Zealand jobs data could bolster case for another rate hike – Forex News Preview

Employment indicators for the third quarter are due out of New Zealand on Wednesday (Tuesday, 21:45 GMT). Despite the return of tough lockdowns since August, New Zealand’s labour market is expected to have weathered the latest pandemic storm well.

The Canadian dollar traded lower against the US dollar on Tuesday as traders expect the release of the October employment report on Friday at 12:30 GMT.

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