Forex Previews

More Chinese data to direct on growth this week – Forex News Preview

Posted on June 11, 2019 at 2:15 pm GMT

With the G20 meeting looming large at the end of June and the trade war dust still far from settled, the Chinese calendar will attract extra attention than usual this week. On Wednesday at 0230 GMT, consumer and producer price indices will report on inflation, while on Friday at 0800 GMT, retail sales, industrial production and fixed investment will deliver further evidence on how the second quarter is shaping up. The data, though, may not be good enough to ease growth woes. [..]

Australian employment report next to move aussie – Forex News Preview

Posted on June 11, 2019 at 2:01 pm GMT

The decision of the latest meeting in June of the Reserve Bank of Australia (RBA) was a rate cut after three years to a new record low of 1.25% and the market is anticipating two more 25-bps cuts before the end of the year. The Australian dollar, which had been resilient to the downward shift in the interest rate trajectory, is losing ground this week as the US dollar rebounds. The aussie now awaits the employment report for May due on Thursday at 0130 [..]

Dollar on standby for US inflation and retail sales data after poor jobs report – Forex News Preview

Posted on June 11, 2019 at 10:52 am GMT

With rate cut expectations running high following Friday’s disappointing NFP report, the focus for the US dollar this week is firmly on the latest inflation and retail sales figures. The inflation data is released first on Wednesday at 12:30 GMT, followed by the retail sales report on Friday, at the same time. As concerns grow about a sharp slowdown in the US economy, investors will be watching this week’s indicators for more clues about the timing of a rate cut [..]

UK GDP growth and jobs data key events to watch – Forex News Preview

Posted on June 7, 2019 at 2:36 pm GMT

The pound is expected to have a busy start to next week as the latest update on UK GDP growth and industrial production will hit the markets on Monday at 0830 GMT, while on Tuesday at the same time employment data will provide another insight into the British economy. The stats however may not be as promising as in the previous release. In the first quarter, the fear of a disorderly Brexit at the end of March forced companies to [..]

Week Ahead – Busy data week for China, UK and US; SNB meets amid appreciating franc

Posted on June 7, 2019 at 11:38 am GMT

As the global growth outlook darkens again, traders will be paying attention to the slew of data that’s expected out of China, the United Kingdom and the United States next week for clues on how major economies are withstanding the increased trade uncertainty. Important indicators are also due from Australia and Japan, while the Eurozone will be enjoying a quieter few days. As central banks around the world switch to a more accommodative stance, the Swiss National Bank could be [..]

Could German industrial output turn bleak for the euro? – Forex News Preview

Posted on June 6, 2019 at 12:24 pm GMT

Despite GDP growth rebounding in the first quarter, industrial output and trade data out of Germany at 0600 GMT on Friday are projected to show that the biggest EU economy is not out of the woods yet. In the first three months of the year, the German economy which stagnated at the end of 2018, expanded by 0.4% q/q and in line with forecasts. Although the stats flagged that the export-oriented economy is resilient enough to global challenges such as the tough US trade [..]

Japan’s household spending to allay worries on slowing demand – Forex News Preview

Posted on June 5, 2019 at 12:46 pm GMT

The Japanese safe-have yen, as usual, is not expected to react much on Friday midnight when household spending data for the month of April come out. But the numbers may ease worries over a slowing domestic demand that the initial Q1 GDP report generated, giving some relief to the Bank of Japan (BoJ) which has been long struggling to drive inflation to its target. In the first quarter, the Japanese economy expanded surprisingly by 0.5% q/q, beating forecasts of a [..]

Loonie turns eyes to Canadian Jobs data – Forex News Preview

Posted on June 5, 2019 at 11:19 am GMT

The latest monetary policy meeting in the preceding week by the Bank of Canada highlighted the importance of the labor market, making the Canadian employment report due on Friday at 1230 GMT the next major event for the loonie. After hitting a record of 106.5k increase in April, the Canadian economy is expected to have created 7.5k new job positions in May. The participation rate is predicted to tick lower to 68.5% from 65.9% previously, while the unemployment rate is not anticipated to excite [..]

US nonfarm payrolls eyed as market pressure grows on Fed to cut rates – Forex News Preview

Posted on June 5, 2019 at 10:59 am GMT

It’s that time of the month again and all eyes will be on the latest jobs report out of the United States on Friday at 12:30 GMT. The May figures are expected to be somewhat softer from April but no doubt still indicative of a strong economy. However, with markets strongly convinced that the Fed will have to cut rates soon, the jobs data is unlikely to alter those expectations unless there are big surprises in the data. With some [..]

ECB to hold rates, reveal details of TLTRO 3 as euro edges higher – Forex News Preview

Posted on June 4, 2019 at 10:33 am GMT

The European Central Bank is due to announce its latest policy decision on Thursday at 11:45 GMT. No change in policy is being anticipated by the Bank but the meeting will still attract plenty of attention as details about the terms of the new round of cheap long-term loans are expected to be revealed. The Bank will also publish its latest macro-economic projections, which could provide clues as to what direction monetary policy is headed. TLTRO 3 may not be [..]

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