Forex Previews

Could September Nonfarm payrolls report disappoint the dollar – Forex News Preview

Posted on October 3, 2019 at 3:19 pm GMT

The US government is announcing nonfarm payrolls this Friday at 12:30 GMT and earlier signs of a manufacturing recession have raised concerns that a miss in forecasts is possible. The dollar, though, is likely to hold firm as weakness in other major markets bodes well for its relative performance. In September, the US economy is said to have created 145k new job positions compared to 130k registered in the preceding month, maintaining the unemployment rate stable at the almost 50-year low of [..]

UK services PMI eyed as Boris issues Brexit ultimatum – Forex News Preview

Posted on October 2, 2019 at 3:22 pm GMT

Britain’s services PMI for September is due on Thursday at 08:30 GMT. Forecasts point to a decline in the index, which could raise the odds for a Bank of England (BoE) rate cut in the near term. Of course, politics will overshadow economics in driving the pound, so more attention may fall on Boris Johnson’s Brexit proposals. If what has been released so far is accurate, the EU is unlikely to agree to them, which implies more pain ahead for [..]

RBA to slash rates for the third time as data disappoint – Forex News Preview

Posted on September 30, 2019 at 3:02 pm GMT

The Reserve Bank of Australia (RBA) is setting interest rates on Tuesday at 04:30 GMT and markets expect another rate cut as key metrics continue to miss targets while external risks keep lingering in the background. Yet not all signs point to more easing as there is something Australia is not proud of and other counterparts do not face intensely, and this is called: household debt. While the Australian upward-moving trade surplus indicates surprisingly that there is not much damage coming from [..]

European inflation data unlikely to do the euro any favors – Forex News Preview

Posted on September 30, 2019 at 2:31 pm GMT

Preliminary CPI numbers for September out of the euro area will attract attention on Tuesday at 09:00 GMT. Forecasts suggest that inflation rose at the same pace, but the bloc’s weak PMI surveys imply that if there is any surprise in these figures, it may be a negative one. The euro is already trading at multi-year lows, and any disappointment could be the catalyst for further weakness. For this bearish tide to turn, markets may need to see signals for [..]

BoJ Meeting Summary and Tankan report eyed for stimulus hints – Forex News Preview

Posted on September 27, 2019 at 1:13 pm GMT

The Bank of Japan will publish the Summary of Opinions of its September policy meeting on Monday (Sunday, 23:50 GMT), while a raft of data will also be watched amid growing speculation the Bank is preparing to announce further easing in monetary policy. The most important release will be the BoJ’s Tankan survey for the third quarter on Tuesday (Monday 23:50 GMT) as a sharp deterioration in business sentiment could spur policymakers into action at the October 30-31 meeting. The [..]

Week Ahead – RBA expected to cut again; US jobs report and September PMIs in focus too

Posted on September 27, 2019 at 10:30 am GMT

More central bank meetings will follow in the coming week, this time with the Reserve Bank of Australia, while things will heat up a little on the data front as September PMIs are on the agenda, as well as the all-important US jobs report. Although investors have recently pared some of their bleakest outlook for global growth and recession risks have receded somewhat, the incoming data will nevertheless be watched closely as trade tensions could flare up at any moment. [..]

US data not a game-changer for dollar, look to trade instead – Forex News Preview

Posted on September 25, 2019 at 11:38 am GMT

Friday will bring a barrage of US data releases, including the latest numbers on durable goods, personal income and spending, as well as the core PCE price index – all for August. Beyond economic data, we will also hear from several Fed officials, notably by Vice Chair Clarida on Thursday. For the dollar though, the most important variable is how the US-China talks unfold in early October, as US monetary policy is inevitably tied to trade policy nowadays. It will [..]

RBNZ likely to hold rates in September but signal cuts later in the year – Forex News Preview

Posted on September 23, 2019 at 9:11 am GMT

The Reserve Bank of New Zealand will announce its latest policy decision on Wednesday at 2:00 GMT and, after an aggressive cut at the last meeting, it is expected to stay on hold. Although some central banks have seen rate cut expectations recede somewhat during September, investors haven’t significantly altered their views of the outlook for interest rates in Australia and New Zealand. This has kept the New Zealand dollar in a downward trajectory, with the early September bounce proving [..]

Week ahead – RBNZ meets, but geopolitics may steal the show

Posted on September 20, 2019 at 1:13 pm GMT

The Reserve Bank of New Zealand (RBNZ) will be the sole major central bank that meets next week, but there’s a flood of economic data to keep traders busy – most importantly the euro area’s preliminary PMIs due on Monday. Beyond these, markets will also keep a close eye on the geopolitical arena as tensions in the Middle East continue to boil, and any serious escalation threatens to impact not only oil prices but global risk appetite too. European PMIs [..]

Eurozone flash PMIs to hold steady, unlikely to knock euro out of range – Forex News Preview

Posted on September 20, 2019 at 1:12 pm GMT

The preliminary readings for the September PMIs are due out of the Eurozone on Monday at 08:00 GMT. The data will be closely watched as there have been some signs that business confidence has started to perk up lately, albeit only moderately. And with the European Central Bank unlikely to turn on the stimulus taps again anytime soon following its contentious decision to restart QE, the euro could easily be buoyed from further improvements in economic sentiment. Is a growth [..]

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