Forex Previews

Aussie looks to China’s inflation and trade figures – Forex News Preview

Posted on April 10, 2019 at 12:02 pm GMT

Chinese inflation and trade data for March will hit the markets early on Thursday and Friday respectively. Expectations are for a rebound in all these figures, something that could allay some concerns around a further slowdown in the world’s second-largest economy, and thereby benefit the China-sensitive Australian dollar. After a marked slowdown in recent quarters, China’s economy has finally started to show some signs of stabilization in March, with the official and Caixin PMIs rising notably across both the manufacturing [..]

ECB to hold policy steady at April meeting as euro edges up – Forex News Preview

Posted on April 9, 2019 at 12:30 pm GMT

The European Central Bank will announce its latest policy decision on Wednesday at 11:45 GMT, to be followed by a press conference by President Mario Draghi at 12:30 GMT. Unlike the March gathering when the Bank made significant adjustments to its policy and forward guidance, the April meeting is looking like it will be a less eventful one, with no changes being anticipated. That’s not to say the euro is safe from any dovish remarks by Draghi, as the single [..]

US inflation data and Fed minutes in focus as rate-cut bets rise – Forex News Preview

Posted on April 8, 2019 at 3:25 pm GMT

The two main releases for the dollar this week will be the US CPI data and the minutes from the Fed’s March meeting, due out on Wednesday at 12:30 and 18:00 GMT respectively. Attention could fall primarily on the inflation data, where forecasts appear overly optimistic – thereby posing a downside risk for the US currency. In the big picture, markets are quietly pricing in Fed rate cuts. Yet, that has failed to substantially weaken the greenback, mainly because other [..]

UK growth likely ground to a halt in February as markets await Brexit decisions – Forex News Preview

Posted on April 8, 2019 at 2:38 pm GMT

Economic indicators due out of the United Kingdom on Wednesday (08:30 GMT) are anticipated to show GDP growth stalling in February amid the heightened uncertainty around Brexit. But it will be happenings in the Brexit sphere that will once again grab the bulk of traders’ attention. EU leaders will meet for an emergency summit on Wednesday to decide whether to grant the UK another extension to the exit date, otherwise a no-deal Brexit would be the default option when the [..]

Week Ahead – Euro and pound in focus as ECB meets and EU leaders hold emergency Brexit summit

Posted on April 4, 2019 at 3:13 pm GMT

Economic data will take a backseat in the coming week as the biggest risk events that are being anticipated are the European Central Bank’s policy meeting and an emergency summit by the European Union to discuss the Brexit crisis. But while UK and EU politics may grab most of the headlines, there will also be some key releases to keep an eye on. Export numbers out of China and Germany will be watched to assess global trading conditions as trade [..]

US Jobs growth to pick up; wage growth to remain robust – Forex News Preview

Posted on April 3, 2019 at 2:39 pm GMT

The US dollar shrugged off downbeat retail sales and inflation figures recently as business data surveyed by the ISM institute indicated that production, new orders and employment bounced up in the previous month, helping 16 out of 18 manufacturing industries to pick up growth. The data volatility is now extending to the end of the week when the March Nonfarm payrolls report is awaited by investors to reassess their outlook on the Fed’s frozen monetary tightening plans. The Fed has [..]

Loonie gains as Canada expected to add fewer jobs in March – Forex News Preview

Posted on April 3, 2019 at 1:40 pm GMT

March’s employment report for Canada is likely to attract investor’s attention on Friday at 1230 GMT as the Canadian dollar has been gaining some ground over the past week on the back of rising oil prices. Stronger figures in employment may provide some more relief to the domestic currency, sending dollar/loonie even lower. The unemployment rate is forecasted to stay at 5.8% in March, the highest level since October, while the net change in employment is expected to show that the economy added only 1,000 [..]

ECB Minutes to underline Eurozone woes as euro seeks a bottom – Forex News Preview

Posted on April 3, 2019 at 12:36 pm GMT

The euro is trading near its 2019 lows as not even a more dovish Fed has been able to offset any of the gloomy Eurozone outlook from weighing on the single currency. The continent’s deepening economic slowdown finally has the European Central Bank worried, deciding to take action at its March policy meeting to further stimulate the economy. The account of that meeting is due to be published on Thursday at 11:30 GMT and could reveal whether policymakers discussed any [..]

UK services PMI due, as pound eyes long Brexit extension – Forex News Preview

Posted on April 2, 2019 at 2:59 pm GMT

The main release in the UK this week will be the services PMI for March, due out on Wednesday at 09:30 GMT. However, politics will probably eclipse economics in driving the British currency. On that front, Parliament could hold another round of votes on Wednesday, and PM May is reportedly preparing to put her deal for a fourth vote on Thursday. In the bigger picture, a long Brexit extension is looking increasingly likely, an outcome which could bring some relief [..]

Struggling euro shifts focus to flash Eurozone CPI – Forex News Preview

Posted on March 29, 2019 at 2:54 pm GMT

While the Brexit drama continues to keep investors busy in Europe, holding the euro and the pound in check, the Eurozone preliminary inflation readings for the month of March are expected to steal attention on Monday at 0900 GMT. Consensus is for the headline inflation to remain unchanged below the target the European Central Bank aims to achieve, feeding prospects of a continuing accommodative monetary policy as negative growth risks are on the rise. On Thursday, the Harmonized version of [..]

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