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US data to underline slowing but still solid economy – Forex News Preview

Posted on June 24, 2019 at 3:27 pm GMT

The highlight among US releases this week will be Friday’s PCE inflation numbers, but ahead of that, readings on consumer confidence and durable goods orders will be watched by investors for signs of a possible slowdown in the US economy. The consumer confidence index is out on Tuesday at 14:00 GMT, while durable goods orders will follow on Wednesday at 12:30 GMT. As the US dollar skids to 3-month lows, it will probably require a very strong set of figures [..]

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RBNZ to prepare ground for August cut, but watch trade too – Forex News Preview

Posted on June 24, 2019 at 11:20 am GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. No action is expected, so markets will be looking for signals that a rate cut is on the table at the August meeting. While the kiwi could tumble in case of a dovish statement, any losses may be short-lived if the American and Chinese presidents strike a conciliatory tone on trade when they meet on Friday. The RBNZ cut rates the last [..]

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Week Ahead – All eyes on G20 summit for trade progress; RBNZ meets

Posted on June 21, 2019 at 11:32 am GMT

As heightened trade tensions force central banks around the world to take a dovish turn, the fate of the US-China trade talks will be determined at the G20 summit in Japan. The planned meeting between US President Trump and Chinese President Xi will be the highlight of the week as investors will be hoping for a thaw in the strained relations between the two leaders. Central banks will not totally disappear from the limelight as the RBNZ will hold its [..]

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Eurozone PMIs in spotlight after Draghi’s ‘additional stimulus’ comments – Forex News Preview

Posted on June 20, 2019 at 9:39 am GMT

The flash release of the Eurozone PMIs for June will be on investors’ radar on Friday at 0800 GMT. After the European Central Bank chief, Mario Draghi, gave his clearest indication yet on Tuesday that more stimulus could be on the way, the PMI data will be watched closely for possible signs that Eurozone growth is stagnating again. In the meantime, there is some relief for the euro as the Federal Reserve makes an even bigger dovish turn than the [..]

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BoE meets but pound’s focus on next UK prime minister – Forex News Preview

Posted on June 19, 2019 at 2:57 pm GMT

The Bank of England will announce its latest policy decision on Thursday at 1100 GMT and is widely anticipated to hold rates at 0.75%. Ahead of the BoE’s announcement, retail sales numbers for May will be watched at 0830 GMT. But with recent remarks by BoE policymakers reaffirming the Bank’s tightening bias, the June meeting could well end up being a non-event as there will be no press conference for reporters to quiz Governor Mark Carney on the Bank’s stance. [..]

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BoJ meeting: opening the door for more stimulus? – Forex News Preview

Posted on June 19, 2019 at 2:19 pm GMT

The Bank of Japan (BoJ) will conclude its meeting early on Thursday, and while no action is expected, the yen may still tumble a little if the central bank hints it could add more stimulus going forward. In the bigger picture though, the outlook for the currency seems to be brightening as both the Fed and ECB have much more ‘ammunition’ to ease than the BoJ does, with trade tensions further enhancing the yen’s allure. The BoJ finds itself in [..]

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BoJ meeting: opening the door for more stimulus? – Forex News Preview

Posted on June 19, 2019 at 2:15 pm GMT

The Bank of Japan (BoJ) will conclude its meeting early on Thursday, and while no action is expected, the yen may still tumble a little if the central bank hints it could add more stimulus going forward. In the bigger picture though, the outlook for the currency seems to be brightening as both the Fed and ECB have much more ‘ammunition’ to ease than the BoJ does, with trade tensions further enhancing the yen’s allure. The BoJ finds itself in [..]

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Fed’s upcoming rate decision could be “trade-biased” – Forex News Preview

Posted on June 18, 2019 at 12:21 pm GMT

Central banks cut interest rates when fears over an economic downturn are seriously mounting. This is the impression that markets are currently getting from the US as weakening economic data combined with heightening external risks dampen economic projections and hence raise the stakes for a rate reduction. The Federal Open Market Committee, however, announces its policy decision this Wednesday at a crucial time, a week before the G20 summit in Osaka, and policymakers may wisely judge that this is not the right [..]

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Week Ahead – Markets seek rate cut signals from Fed; BoE and BoJ meet too; euro eyes flash PMIs

Posted on June 14, 2019 at 10:57 am GMT

Central bank meetings will be front and centre next week as the Federal Reserve, Bank of England and Bank of Japan convene for their policy decisions. The Fed will likely grab the most attention amid intensifying expectations of a rate cut. In terms of data releases, the main focus will be on inflation as Canada, the Eurozone, Japan and the United Kingdom report for the month of May. Flash PMIs out of the Eurozone will be important too, so will [..]

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SNB to hold rates but could attempt to push back on rising Swiss franc – Forex News Preview

Posted on June 12, 2019 at 12:15 pm GMT

The Swiss National Bank will hold its quarterly policy meeting on Thursday with the announcement expected at 07:30 GMT. No changes in the Bank’s super low interest rates are being anticipated, but with the Swiss franc appreciating substantially in recent weeks on the back of growing global uncertainties such as trade frictions and Brexit, the SNB could toughen its language on the exchange rate. Growth rebound at risk from rising uncertainties The Swiss economy grew by a stronger-than-expected 0.6% quarter-on-quarter [..]

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