Forex Previews

Bank of Canada policy meeting: A bond tapering story – Forex News Preview

The Bank of Canada (BoC) will set its policy on Wednesday at 14:00 GMT, two days after Trudeau’s government tables its first budget in two years.

Week Ahead – BoC set to taper, ECB unlikely to rock euro

It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders busy.

China set to post record Q1 GDP growth, but bounce may be short-lived – Forex News Preview

China was the only major economy in 2020 that managed to grow for the full year, proving that it’s possible to leave the pandemic wreckage behind.

Can a surge in US retail sales send the dollar and yields soaring? – Forex News Preview

After Tuesday’s big jump in US inflation, investors will be turning their sights to the March retail sales numbers due on Thursday (13:30 GMT).

The aussie has been moving sideways over the last three weeks with the employment report for March, due out on Thursday at 00:30 GMT, likely to attract some attention.

UK monthly GDP growth data may not bring pound bulls in play – Forex News Preview

The UK is moving to the next phase of reopening this week, with investors looking for signs of growth in the monthly GDP growth figures due on Tuesday at 08:30 GMT.

Week Ahead – US and China data could reinforce optimism but RBNZ to sound caution

As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations.

RBNZ meeting unlikely to rattle the kiwi – Forex News Preview

The Reserve Bank of New Zealand (RBNZ) will wrap up its upcoming meeting at 02:00 GMT Wednesday. Economic data have lost some momentum lately and as a result, markets have priced out expectations for rate hikes.

The Canadian dollar has been underperforming against the US dollar over the last couple of days as investors are waiting for March’s employment report on Friday at 12:30 GMT.

ECB meeting minutes to witness support for increased bond buying – Forex News Preview

The European Central Bank (ECB) will publish the accounts of its March 10-11 meeting on Thursday at 11:30 GMT, providing a clear explanation about its decision to increase the pace of its asset purchases within the program’s limits and keep interest rates steady.

Dollar turns to Fed minutes as traders call rate bluff – Forex News Preview

The minutes of the latest FOMC meeting will be released at 18:00 GMT Wednesday. The Fed went out of its way to signal that rates will remain on the floor until 2024, despite the trillions in spending from Congress and the accelerated vaccination program.

RBA to stand pat, focus on yield containment as aussie settles lower – Forex News Preview

The Reserve Bank of Australia meets on Tuesday for its policy meeting, with a decision expected at 05:30 GMT.

Week Ahead – A battle of yields as RBA meets, Fed and ECB publish minutes

With most markets closed on Monday for the Easter celebrations, it will be a fairly muted week as there’s not a lot on the agenda that can excite markets.

Will the Nonfarm payrolls report make any sound on Good Friday? – Forex News Preview

The latest monthly Nonfarm payrolls report will probably show on Good Friday at 12:30 GMT that the relaxation of lockdown restrictions, the drop off in covid cases, and the progress in the vaccination program have enhanced the recovery in the US labor market even without Biden’s latest fiscal boost.

As markets grapple with the relationship between the United States and China, which could derail the global economic recovery if tensions flare, the risk-sensitive Australian dollar will keep an eye on the March non-manufacturing PMI and NBS manufacturing PMI out of China on Wednesday at 02:00 GMT.

Eurozone inflation to hit one-year high, unlikely to lift flagging euro – Forex News Preview

Inflation in the euro area is expected to hit the highest in more than a year when the flash estimate for March is published on Wednesday (10:00 GMT).

Week Ahead – US jobs report to headline quiet Easter week

As markets reassess how soon European economies will be able to reopen, the March nonfarm payrolls report out of the United States will likely highlight the widening growth disparity between the two regions.

Powell, Yellen awaited in Congress to calm inflation jitters – Forex News Preview

The ongoing debate between markets and the Fed over the risk of high inflation and the timeline for when the central bank will start to scale back its massive stimulus seems never-ending as Powell’s verbal intervention has thus far proved ineffective in persuading front-running investors.

Eurozone PMIs may nudge higher but unlikely to ease euro’s vaccine pain – Forex News Preview

As Europe’s vaccine drama unfolds, the flash March PMI prints for the euro area may generate some positive headlines for the region’s struggling economy on Wednesday (09:00 GMT).

Week Ahead – European PMIs to chart the euro's course

It seems like a relatively calm week for global markets. The sole central bank meeting will be that of the Swiss National Bank, which will likely be thrilled about the recent demolition of the franc.

Trade Ideas


Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

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.