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Kiwi may post gains if RBNZ strikes upbeat tone; rates predicted to hold steady – Forex News Preview

Posted on September 25, 2018 at 11:11 am GMT

The Reserve of Bank of New Zealand (RBNZ) will be deciding on interest rates on Wednesday at 2100 GMT. The central bank is expected to hold rates steady at 1.75% and the meeting will be accompanied by a press conference by Governor Adrian Orr, and thus the focus will be on the statement for any updates. In the previous meeting on August 8, the RBNZ left again its official rate unchanged at the record low of 1.75%, saying that economic growth has moderated [..]

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Forex News – Australian GDP data casts doubt on RBA’s rosy outlook; aussie slides on negative growth

Posted on December 7, 2016 at 11:55 am GMT

Australia’s economy unexpectedly contracted in the third quarter of the year as business investment and construction output deteriorated more sharply than anticipated. Australia’s GDP declined by 0.5% quarter-on-quarter in the three months to September – the first contraction in 5½ years. Expectations were for the economy to expand by 0.3% q/q and it compares with an upwardly revised figure of 0.6% in the prior quarter. On a year-on-year basis, growth slowed from an impressive 3.1% rate in the second quarter [..]

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Week Ahead – Nonfarm payrolls eyed ahead of FOMC; Japanese data also under the spotlight

Posted on November 25, 2016 at 3:11 pm GMT

The November nonfarm payrolls report will likely be the highlight of the coming week as it will be the last before December’s FOMC meeting. There will be plenty of other major data for the US, while Japanese indicators will also attract some attention.  The European calendar will be relatively quieter with flash inflation for the Eurozone being the more important release. Eurozone prices on an uptrend The week will start with economic sentiment indicators out of the Eurozone on Monday. [..]

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Week Ahead – Eurozone PMIs and Japan inflation in focus in quiet week

Posted on November 18, 2016 at 2:05 pm GMT

With the dollar rally showing no sign of abating, expectations of US fiscal and monetary policy could continue to set the market theme in an otherwise relatively quiet week for economic data. The main highlights on the data front will come from Eurozone flash PMI numbers and Japanese inflation figures. Eurozone business surveys in focus ECB President Mario Draghi said this week the recovery in the Eurozone was becoming more broad-based and recent PMI data supports this view. Flash PMI [..]

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European Session – Dollar resumes gains on US data; pound hit by leaked Brexit memo

Posted on November 15, 2016 at 4:02 pm GMT

Risk sentiment was mixed in Tuesday’s European session as commodities held on to their gains even as the dollar resumed its week-long rally. The euro meanwhile fell back from its short-lived rebound but sterling came under pressure on concerns about the UK government’s readiness to trigger Article 50. The US dollar had eased slightly from Monday’s highs at the start of trading today but headed back up again after US retail sales beat expectations. Retail sales in the United States [..]

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Forex News – Euro rebounds from 11-month low as Italian referendum looms

Posted on November 15, 2016 at 12:11 pm GMT

The euro has come under surprise downside pressure since Donald Trump’s shock victory of the US presidential elections. Voter revolt in the United States and in Britain has generated concerns that a similar anti-establishment sentiment across the European continent could be given a boost ahead of upcoming elections in France and Germany and a constitutional referendum in Italy. In fact, the referendum in Italy on December 4 on proposed changes to the constitution that involves streamlining the country’s legislative process [..]

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Forex News – Japan’s economy grows better than expected in Q3 as strong exports boost GDP

Posted on November 14, 2016 at 12:24 pm GMT

Economic growth in Japan accelerated to an annualized rate of 2.2% in the third quarter of this year, the fastest since the first quarter of 2015, as exports recovered. On a quarter-on-quarter basis, Japan’s GDP expanded by 0.5% in the three months to September, beating estimates that it would grow by 0.2% as with the prior quarter. Leading the expansion was a 2% jump in exports over the quarter, while imports fell. As a result, there was a positive contribution [..]

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Week Ahead – After election shock, quieter week awaits with inflation, jobs and retail sales data

Posted on November 11, 2016 at 3:08 pm GMT

After an eventful week following the surprise outcome of the US presidential election, a calmer seven days awaits as economic data moves back under the spotlight. Inflation and retail sales numbers for the UK and the US will come into focus along with Japanese Q3 GDP data, while key indicators out of China will also be watched. UK inflation eyed as weak sterling drives up import prices It will be an important data week for the UK as inflation, unemployment [..]

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Week Ahead – Central banks dominate as Fed, BoJ, BoE and RBA meet ahead of NFP report

Posted on October 27, 2016 at 1:19 pm GMT

The coming week will be dominated by central bank meetings as the US Federal Reserve, the Bank of Japan, the Bank of England and the Reserve Bank of Australia all hold their regular policy meetings. There will be no shortage of economic data either as Eurozone flash inflation and GDP figures are due along with the Markit/CIPS PMIs for the UK. But US data may grab the most attention as it will include personal consumption expenditure numbers, ISM surveys and [..]

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