Week Ahead – FOMC and RBA minutes in focus; UK GDP, PMI data due

Posted on February 17, 2017 at 2:48 pm GMT

The economic calendar for the upcoming week is relatively quieter following a busy flow of data releases this week. The FOMC minutes and Fed speakers will attract the market’s attention, while PMI data and the second estimate of fourth quarter GDP for the UK will most probably be noteworthy economic reports to look at.   UK GDP in focus First up next week will be the UK’s Rightmove House Price index due on Monday. It will be a good indication [..]


Week Ahead – All eyes on Fed; Bank of England, SNB and Norges Bank meet too

Posted on December 9, 2016 at 1:30 pm GMT

After this week’s surprise actions by the ECB, markets will be hoping that central bank meetings over the next seven days won’t stray too far from expectations. Apart from the Fed’s much anticipated FOMC meeting, central bankers from the UK, Switzerland and Norway will also be gathering for their regular policy meetings. In terms of data, inflation and retail sales figures for the UK and the US will be the main highlight. Japanese business outlook expected to improve in Q4 [..]


European Session – Sterling jumps on hopes of soft Brexit; oil extends post-OPEC rally

Posted on December 1, 2016 at 3:25 pm GMT

Sterling was one of the best performing major currencies after surging in reaction to comments from Brexit Secretary David Davis who was taking questions from MPs in the UK Parliament today. The pound rallied to its highest level in two months against the dollar after the minister said that the UK government would consider contributing to the EU budget in order to maintain single market access. His comments suggested a move away from a hard Brexit towards a softer exit [..]


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. [..]


Forex News – Eurozone economic activity at 11-month high in November but euro subdued

Posted on November 23, 2016 at 11:38 am GMT

Business activity across the euro area expanded at the fastest pace since December 2015 in November, suggesting Eurozone growth is accelerating in the fourth quarter. The Eurozone composite PMI increased from 53.3 in October to 54.1 in November, according to Markit’s flash reading, beating forecasts it would stay unchanged. The flash services PMI was up sharply from 52.8 to 54.1 in November, compared to expectations of a smaller rise to 53.0. The flash manufacturing PMI saw a more modest improvement, [..]


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 [..]


European Session – Payrolls report fails to move dollar; Loonie hits 8-month low on oil, mixed data

Posted on November 4, 2016 at 4:04 pm GMT

A solid gain in US jobs in October was unable to lift the US dollar in today’s European session as markets remain gripped by the American presidential race as polling day draws nearer. Uncertainty over the outcome of the US election next Tuesday kept most major currencies within their recent trading range despite a relatively a busy day for economic data, the highlight of which was the non-farm payrolls report. US non-farm payrolls rose by 161k in October, slightly below [..]


European Session – Dollar under pressure despite strong ISM as FOMC, elections draw nearer

Posted on November 1, 2016 at 3:32 pm GMT

The US dollar drifted lower in European trading on Tuesday as attention turned to the Fed’s two-day policy meeting, which starts today. Worries that Hillary Clinton, the Democratic nominee, may be losing ground to her Republican rival, Donald Trump, in the US presidential race also weighed on the greenback today. The euro broke above 1.10 dollars on the back of the weaker dollar but the single currency was also strong against the pound. There was no data out of the [..]


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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