Forex Previews

Chinese industrial output to slow in April; could spark growth concerns as trade deal looks distant – Forex News Preview

Posted on May 14, 2019 at 2:49 pm GMT

China will publish the latest stats on industrial output, fixed-asset investment and retail sales on Wednesday at 2:00 GMT. The data will be watched to assess whether the rebound observed in March carried through to April amid worries the economy could lose momentum again as trade tensions flare up. With a trade deal hanging in the balance, a discouraging set of figures would only add to the negative market sentiment. Back in April, hopes that a rebound in growth is [..]

US retail sales eyed as markets price in a 2019 Fed cut – Forex News Preview

Posted on May 14, 2019 at 12:40 pm GMT

The main event for the dollar this week will be the US retail sales for April, due on Wednesday at 12:30 GMT. Amidst an escalating trade conflict, markets have fully priced in a Fed rate cut by December, yet the dollar has barely retreated. This highlights that the greenback is still the ‘only game in town’, with a rebound in European growth needed to change that. Market bets for a Fed rate cut in 2019 were pared back after [..]

UK jobs data on tap as Brexit deadlock persists – Forex News Preview

Posted on May 13, 2019 at 2:35 pm GMT

The UK jobs report is due out on Tuesday (09:30 GMT) and forecasts point to a slowdown in wages, which may weigh on the pound a little. In the bigger picture, the risks around sterling also seem tilted to the downside, as any breakthrough in the cross-party Brexit talks seems unlikely, and May’s premiership is increasingly under threat. The pound continues to be driven almost entirely by Brexit, with markets overlooking economic data. The logic behind this rests on [..]

Week Ahead – US retail sales, Aussie jobs, Chinese industrial output to stand out in quiet week

Posted on May 10, 2019 at 11:33 am GMT

With market anxiety heightened about the direction of the US-China trade talks, economic data might struggle to distract traders next week given the shortage of top-tier releases. Still, there will be several major indicators that investors should keep an eye on, including Australian employment and wage figures, Chinese industrial output and retail sales readings, revised GDP estimates from the Eurozone, the UK jobs report and retail sales numbers out of the United States. Australian jobs stats could be key for [..]

Canadian employment report is focal point for loonie this week – Forex News Preview

Posted on May 9, 2019 at 11:56 am GMT

The Canadian dollar is trading near its 2019 lows against the US dollar as investors await the employment report for April on Friday at 1230 GMT. Stronger figures in employment may provide some more relief to the domestic currency, sending dollar/loonie lower. Consensus is for the unemployment rate to hold at 5.8%, which is the highest level since October while the net change in employment is expected to show that the economy added 10,000 jobs from an unexpected drop of 7,200 [..]

UK GDP growth to get extra boost in Q1 despite Brexit chaos – Forex News Preview

Posted on May 8, 2019 at 2:48 pm GMT

Despite the ongoing Brexit drama, Friday is expected to be a good day for the British economy as flash GDP growth for the first quarter of the year, industrial output and trade balance figures are all awaited to show improvement at 0830 GMT. The move in sterling, however, is still heavily dependent on the progress of the UK-EU negotiations and even if the data surprise to the upside, sterling could only gain temporarily unless the sides resolve their differences; a scenario [..]

US inflation to inch higher in April but spotlight on trade talks – Forex News Preview

Posted on May 8, 2019 at 9:11 am GMT

The United States will report producer and consumer price data this week, but with neither indicator expected to alter the inflation outlook, the data will probably play second fiddle to trade headlines when it comes to the US dollar. The producer price index (PPI) is out on Thursday at 12:30 GMT, while the consumer price index (CPI) will be released on Friday, also at 12:30 GMT. CPI and PPI to edge higher Both headline and core CPI turned higher in [..]

RBNZ forecast to ease, but may hold its fire instead – Forex News Preview

Posted on May 7, 2019 at 1:46 pm GMT

The RBNZ will announce its decision early on Wednesday, at 02:00 GMT. The forecast from economists is for a rate cut, but investors are not convinced, with market pricing assigning only a ~40% chance for one. Indeed, the Bank may hold its fire for now and postpone any cut until the summer. The kiwi will probably spike higher in that case, though any positive reaction could be short-lived. The Reserve Bank of New Zealand (RBNZ) adopted a clear easing [..]

Chinese trade data eyed as tensions with US simmer again – Forex News Preview

Posted on May 7, 2019 at 10:31 am GMT

China will publish monthly trade numbers on Wednesday to be followed by inflation figures for April on Thursday. There is no confirmed release time for the trade data, but Thursday’s price readings are due at 01:30 GMT. The latest stats on goods inflow and outflow come amid a fresh spike in trade tensions with the United States. As talks between the two economic powerhouses look set to drag on, investors will be carefully sifting through the data as they search [..]

RBA may have to wait a little longer for a cut – Forex News preview

Posted on May 6, 2019 at 3:48 pm GMT

Tuesday’s policy meeting by the Reserve Bank of Australia (RBA) will attract special attention as the pressure is growing on policymakers to cut interest rates after key economic measures disappointed, putting the central bank’s “wait-and-see” approach into question. While, a rate cut could be wisely avoided ahead of the federal elections this month, investors would still search for signs of whether the Bank could perhaps proceed as soon as this summer. It is clear than when a central bank wants [..]

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