Forex Previews

Eurozone inflation expected to edge up, but no improvement anticipated in economic sentiment – Forex News Preview

Posted on February 26, 2019 at 11:11 am GMT

Economic releases out of Europe this week are unlikely to offer much new insight into the Eurozone economy but will nevertheless be watched closely as the European Central Bank’s March policy meeting nears. The European Commission’s economic sentiment gauge is up first on Wednesday at 10:00 GMT, with the flash inflation print following on Friday, also at 10:00 GMT. The euro, which has been largely moving sideways since November, will probably struggle to break out of this range. The economic [..]

Week Ahead – Long overdue US Q4 GDP, other data backlog to dominate

Posted on February 22, 2019 at 2:31 pm GMT

The fourth quarter GDP estimates for the United States will finally be published next week following the disruption to the American release calendar from the government shutdown. Canadian GDP will also be in focus, along with core PCE inflation numbers out of the US. Other notable releases include Japanese and Australian capital expenditure figures for Q4, as well as Eurozone flash inflation and Chinese manufacturing PMIs. Trade talks between the US and China will also be on investors’ radar as [..]

Canadian retail sales expected to further dent BoC rate hike odds – Forex News Preview

Posted on February 21, 2019 at 11:11 am GMT

December retail sales will be watched out of Canada on Friday at 13:30 GMT for clues on the prospect of rate increases by the Bank of Canada in 2019. As the Canadian economy loses some steam, the BoC has been forced to sit on the sidelines, dashing the odds of any rate hike in the coming months. The Canadian dollar, meanwhile, is enjoying newfound support from higher oil prices, though doubts about the global growth outlook and trade uncertainty are [..]

US durable goods and manufacturing gauges unlikely to faze dollar – Forex News Preview

Posted on February 20, 2019 at 2:37 pm GMT

Thursday will be a busy day for US data with a slew of releases on the agenda. The delayed durable goods orders report for December, due at 13:30 GMT, could be overlooked in favour of the more up-to-date manufacturing activity indicators for February. The Philly Fed manufacturing index will be posted at 13:30 GMT, followed by the IHS Markit manufacturing PMI at 14:45 GMT. Existing home sales for January will also be watched at 15:00 GMT. The US dollar could [..]

Japanese core inflation to inch up but BoJ asks for more – Forex News Preview

Posted on February 20, 2019 at 1:44 pm GMT

Inflation pressures in Japan decelerated in the last quarter of 2018, forcing the central bank to lower its inflation expectations for 2019. In January, the core Consumer Price Index (CPI) is anticipated to show a mild rise, but with global risks threatening to boost the safe-haven yen in coming months, questions are now arising about whether the measure could continue to recover in coming months. On Thursday at 2330 GMT, the core CPI for the month of January is forecast to tick up by [..]

Eurozone PMIs and ECB minutes next on the euro’s radar – Forex News Preview

Posted on February 20, 2019 at 12:31 pm GMT

It will be a pivotal week for the euro, as preliminary euro area PMI surveys will hit the markets on Thursday, at 0900 GMT, and will be followed by the minutes of the ECB’s January meeting at 1230 GMT. The PMIs are expected to have stabilized somewhat, which could allay some concerns around the euro area’s growth prospects and perhaps help the single currency recover a little, with relative interest rate differentials also providing support for euro/dollar. It’s been a [..]

Aussie retains bearish view; Employment report key to the Australian outlook – Forex News Preview

Posted on February 19, 2019 at 3:01 pm GMT

January’s employment report for Australia is likely to attract investor’s attention on Thursday at 0030 GMT as the Australian dollar has been losing some ground over the past week. Stronger figures in employment may provide some relief to the currency. The unemployment rate is predicted to have stayed at 5.0% in January, while the net change in employment is expected to show that the economy added 15,200 jobs, less than December’s 21,600. However, the participation rate is expected to remain steady at 65.6%, while [..]

FOMC minutes to reinforce ‘patient’ mode; may offer clues on balance sheet reduction – Forex News Preview

Posted on February 19, 2019 at 1:32 pm GMT

The minutes of the Federal Reserve’s January policy meeting are due to be published on Wednesday at 19:00 GMT and will be inspected for confirmation that the world’s most important central bank is on hold for the foreseeable future. However, since January, policymakers, including Chairman Jerome Powell, have been pretty consistent in signaling that the Fed is in wait-and-see mode, hence, the focus of the minutes will be on possible changes to the balance sheet reduction plan. Although the Fed’s [..]

With Brexit in limbo, pound looks to UK jobs data – Forex News Preview

Posted on February 18, 2019 at 12:16 pm GMT

The latest British employment data are due for release on Tuesday, at 09:30 GMT. Forecasts point to some further acceleration in wage growth during December, which is encouraging and could support the pound on the news. That said, with less than six weeks left until the UK exits the EU, and still no agreement in place, any data-induced rallies in sterling may remain limited until the political fog clears a little. The UK labor market remains the economy’s bright spot, [..]

Week Ahead – Flash February PMIs eyed for growth clues; Fed and ECB minutes to be watched too

Posted on February 15, 2019 at 1:34 pm GMT

The focus will firmly be on economic indicators next week as political and central bank events temporarily take a back seat. The latest PMI releases for the Eurozone will be one of the highlights as growth in the region grinds to a halt, while employment numbers out of Australia and the United Kingdom will attract attention too. Japanese trade and inflation figures will also be on investors’ watch list. Central banks will not be totally absent, however, as the latest [..]

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