Forex Previews

ECB meeting: Acknowledging weakness, hinting at TLTROs? – Forex News Preview

Posted on March 5, 2019 at 2:50 pm GMT

The European Central Bank (ECB) will conclude its policy meeting on Thursday at 12:45 GMT, with a press conference by President Draghi to follow at 13:30 GMT. The Eurozone economy is struggling, and market attention will thus be on whether the ECB will take steps to cushion the slowdown, for example by hinting at another round of long-term loans for commercial banks. While such signals may hurt the euro a little, for euro/dollar to break below 1.1213, some greater catalyst [..]

Markets could shrug off weak Chinese trade data after fiscal boost and as US deal edges closer – Forex News Preview

Posted on March 5, 2019 at 1:17 pm GMT

China will publish monthly trade numbers on Friday with exports seen to have fallen back in February after January’s unexpected surge. But with the country’s negotiators closing in on a trade deal with the United States and the government announcing further fiscal measures to stimulate growth in the economy, the trade figures may not generate much reaction even if it surprises to the downside. In January, exports jumped by 9.1% year-on-year as they were boosted from companies front-loading their shipments [..]

Loonie declines ahead of rate decision; BoC expected to be dovish again – Forex News Preview

Posted on March 5, 2019 at 11:02 am GMT

The loonie has lost more than 1.0% of its value since last week, however, the currency is awaiting this week’s Bank of Canada (BoC) interest rate decision, which is scheduled to be announced on Wednesday at 1500 GMT. While interest rates are not expected to change, policymakers may adopt a more dovish tone amid heightened fears of a slowing global economy. The BoC is predicted to pursue a “wait-and-see” stance, as the markets believe that no rate hikes are taking place at this meeting. When they last met, policymakers left the [..]

RBA rate decision and Q4 GDP growth ahead for the aussie – Forex News Preview

Posted on March 4, 2019 at 3:22 pm GMT

The Reserve Bank of Australia is scheduled to set monetary policy on Tuesday at 0030 GMT but economic uncertainty at home, and in the global economy more generally, are currently giving little flexibility to policymakers to adjust interest rates, potentially leading to another uneventful meeting. The next day, Australian GDP growth figures for the final quarter of 2018 will likely endorse the decision as analysts forecast further economic moderation. After slowing for two consecutive quarters, Australian GDP growth is said to have inched up by 0.1 percentage [..]

UK services sector likely contracted in February, but pound buoyed by Brexit hopes – Forex News Preview

Posted on March 4, 2019 at 11:40 am GMT

The UK services PMI for February will be watched on Tuesday at 09:30 GMT amid increasing evidence that the Brexit uncertainty is putting the brakes on growth. However, with recent developments at Westminster significantly reducing the odds of a no-deal Brexit scenario, the pound is revelling near 7½-month highs and could take any negative reading in its stride. Activity in the services sector, which comprises about 80% of Britain’s economic output, moderated in January to the slowest level since immediately [..]

Week Ahead – ECB, RBA and BoC meetings eyed amid potential policy shifts; US jobs report in focus too

Posted on March 1, 2019 at 2:10 pm GMT

Central banks will move to the fore next week as the European Central Bank, the Reserve Bank of Australia and the Bank of Canada will be holding policy meetings. With all three central banks recently lowering their outlooks for their respective economies, markets will be on standby for possible shifts in policy stance. The US February jobs report will be another highlight for investors. Other key releases will be Q4 GDP numbers from Australia, Canadian employment figures, and UK and [..]

Dollar eyes delayed US GDP and inflation data, ISM PMI – Forex News Preview

Posted on February 27, 2019 at 3:49 pm GMT

The first estimate of US GDP for Q4 will hit the markets on Thursday, ahead of core PCE inflation figures and the latest ISM manufacturing index on Friday. Markets could focus mainly on the ISM survey, as the GDP and inflation data may be viewed as somewhat outdated. In the big picture, the outlook for the dollar remains neutral, though with risks likely skewed to the downside. It’s finally time for traders and policymakers to get a detailed look at [..]

Australia’s Q4 CAPEX to guide on growth – Forex News Preview

Posted on February 27, 2019 at 3:21 pm GMT

Although upbeat trade comments by the US President helped the risk-sensitive aussie to grab some buying interest earlier this week, investors maintained some of their wait-and-see attitude as the spotlight shifts back to the calendar and Australia’s capital expenditures reading on Thursday, which could give clues on what to expect from next week’s Q4 GDP growth figures. On Thursday at 0030 GMT, the Australian Bureau of Statistics is forecast to show that capital expenditures made by private businesses rose by 0.5% in the three [..]

Chinese manufacturing PMIs to point to further contraction in February – Forex News Preview

Posted on February 27, 2019 at 1:52 pm GMT

Manufacturing PMIs from China this week are expected to show factory activity declining for a third straight month in February even as the US and China close in on a trade deal. The February PMIs will likely be skewed due to the long Lunar New Year holiday during the first week of the month. Nevertheless, investors will be keeping an eye on any hints of a change to the subdued picture, whether positive or negative. In forex markets, the Australian [..]

Canadian inflation and GDP data eyed as BoC rate hikes disappear over the horizon – Forex News Preview

Posted on February 26, 2019 at 1:06 pm GMT

Canada will publish January inflation and Q4 GDP numbers this week, which should provide investors some clues as to the possibility of a near-term rate hike by the Bank of Canada amid a slowing economy. The CPI figures are due on Wednesday and the GDP estimates will be released on Friday, both at 13:30 GMT. The Canadian dollar is vulnerable to upside surprises given that investors have almost priced out the likelihood of any rate hikes this year. After peaking [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms