Forex Previews

After dovish Fed and GDP miss, can PCE inflation rise rescue the US dollar? – Forex News Preview

The US dollar’s upswing since June has run into trouble as investors are once again questioning how aggressively the Fed will move to scale back its vast monthly asset purchases.

Euro likely to be unfazed by Eurozone GDP and inflation data – Forex News Preview

It’s proving to be a tough summer for the euro as a stronger US dollar and a more dovish ECB are overshadowing the Eurozone’s improving economic prospects.

Fed meeting: Slowly getting the taper ball rolling - Forex News Preview

The Fed will conclude its latest meeting at 18:00 GMT Wednesday. It will be a tricky one, as Chairman Powell will need to balance a strong US economy against fears of a sharp slowdown in emerging markets.

Australian CPI figures for the second quarter will be front and center on Wednesday at 01:30 GMT. The Q2 CPI statistics will be interesting to watch since they will reveal what inflationary pressures were simmering in the months leading up to the recent lockdowns.

Week Ahead – Fed to talk taper but stall on action; growth data in focus amid recovery doubts

The Federal Reserve is expected to provide more hints on tapering when it meets next week but may stop short of revealing a timeline.

Could UK retail sales & flash PMI figures stop the pound bears? – Forex News Preview

Boris Johnson lifted the final coronavirus curbs on Monday after a four-week delay, but the rising Covid infections made investors see the glass half empty, pressing the pound to a five-month low.

ECB meeting: Locking in negative rates for longer - Forex News Preview

The European Central Bank will try to demonstrate that it is serious about hitting its new inflation target when it concludes its meeting at 11:45 GMT Thursday, probably by locking itself into negative rates for longer.

The Reserve Bank of Australia (RBA) will announce its July’s meeting minutes at 01:30 GMT Tuesday before the preliminary retail sales figure on Wednesday at 01:30 GMT.

Week Ahead – ECB meeting poses another headache for euro

The main event next week will be the ECB meeting, where the forward guidance will likely be changed to commit to negative rates for longer.

Employment numbers for Australia will come under the spotlight on Thursday at 01:30 GMT as the country’s biggest cities find themselves back under lockdown.

What does China’s GDP mean for the aussie? - Forex News Preview

Economic growth numbers out of China will hit the markets at 02:00 GMT Thursday. The world’s second-largest economy seems to be losing momentum and Chinese authorities have responded by adding more liquidity to the financial system, which is a risky move.

The mini risk-off episode last week reminded investors that safe havens such as the Japanese yen have the ability to regain bullish potential in a post-vaccination environment as long as Covid variants keep running rampant.

Bank of Canada to taper again as loonie succumbs to Delta concerns – Forex News Preview

The Bank of Canada will announce its latest monetary policy decision on Wednesday at 14:00 GMT, which will be followed by a press conference by Governor Tiff Macklem at 15:00 GMT.

US CPI inflation, retail sales in the spotlight as risk-off mood calms – Forex News Preview

Following the risk-off impulse last week, the focus will turn to US CPI figures on Tuesday (12:30 GMT), industrial production (13:15) on Thursday and retail sales (12:30 GMT) on Friday as question marks remain about whether and how the Fed will start its bond tapering phase.

RBNZ meeting: Optimistic, with a touch of caution - Forex News Preview

The Reserve Bank of New Zealand will conclude its latest meeting at 02:00 GMT Wednesday. The economy is booming and market pricing suggests the central bank will probably raise interest rates in November this year.

Week Ahead – RBNZ and BoC to stay on taper path but Delta strain may cause angst for BoJ

It will be a busy week as the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand all meet, while inflation will take centre stage on the data front.

ECB minutes to be overshadowed by looming strategy review outcome – Forex News Preview

The European Central Bank will publish the minutes of its June 9-10 policy meeting on Thursday (11:30 GMT) as the Eurozone recovery gets into full swing.

Fed minutes: Talking about tapering - Forex News Preview

The minutes of the latest FOMC meeting will hit the markets at 18:00 GMT Wednesday. This was the meeting when the Fed shocked markets by signaling it might take its foot off the accelerator soon, so traders will be looking for clues around that.

The Canadian dollar has been trading slightly lower against the US dollar in recent days, as traders anticipate the release of the June’s employment report on Friday at 12:30 GMT.

Week Ahead – RBA meeting and Fed minutes to spice things up

It’s a relatively quiet summer week for global markets. The only central bank meeting will be in Australia, where the Reserve Bank could take the first step towards exiting cheap money.



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