Forex Previews

New Zealand jobs growth likely slowed in Q4; may put kiwi rebound at risk – Forex News Preview

Posted on February 5, 2019 at 3:45 pm GMT

Employment data out of New Zealand will be watched on Thursday (Wednesday, 21:45 GMT) as investors try to gauge the Reserve Bank of New Zealand’s next move ahead of the central bank’s policy meeting the following week. Recent economic indicators from the country have been showing an improving trend, lessening the need for a rate cut. However, with a clouded outlook over world growth, any signs of renewed weakness in parts of the economy, such as the labour market, could [..]

German industrial indicators to turn positive in December; unlikely to change dim outlook – Forex News Preview

Posted on February 5, 2019 at 3:05 pm GMT

Key indicators out of Germany will be in focus this week as investors assess the health of the Eurozone’s industrial powerhouse for the month of December. Industrial orders will be watched first on Wednesday, followed by industrial production numbers on Thursday and trade figures on Friday, all due at 0700 GMT. After a dismal second half for industrial activity, 2018 is expected to have ended somewhat more positively. However, traders might treat any rebound with caution given recent downgrades to [..]

RBA to tell the same story but with different language – Forex News Preview

Posted on February 4, 2019 at 3:15 pm GMT

Following the Fed, the RBA comes next in line to decide on monetary policy. The first meeting of 2019 at 0330 GMT on Tuesday is expected to extend the historic period of inaction to 29 months, though with the Fed, the world’s most influential central bank, shifting outlook to neutral, speculation is swirling that Australia’s central may appear more dovish this time. The event will be followed by a speech from the RBA governor, Philip Lowe, on Wednesday (0130 GMT) and updated economic forecasts [..]

Week Ahead – BoE and RBA next to set rates; will they turn dovish too?

Posted on February 1, 2019 at 2:29 pm GMT

The Bank of England and the Reserve Bank of Australia will be next in the central bank world to set monetary policy amid rising risks and uncertainty about the outlook. It will be relatively quiet on the data front as Chinese markets will be shut for the whole week for the Lunar New Year celebrations, while the US economic calendar will be void of top tier releases. RBA to hold rates; may lower growth forecasts The Australian dollar will take [..]

US Nonfarm payrolls to reveal government shutdown implications – Forex News Previews

Posted on January 31, 2019 at 3:33 pm GMT

Unlike other agencies, the US Bureau of Labour Statistics was fully funded to continue data collection for the employment sector during the four-week partial government shutdown, with the famous Nonfarm payrolls report set to be released on time, on Friday at 1330 GMT. This will be the first major piece of evidence on how the economy kicked off the new year, but a slower job growth might not be a big surprise as subdued public services have likely put some new hiring on [..]

Fed meeting: all eyes on Powell’s balance sheet remarks – Forex News Preview

Posted on January 30, 2019 at 10:11 am GMT

The Fed is widely expected to keep policy unchanged when it announces its decision on Wednesday, at 1900 GMT. Even though there won’t be any updated forecasts this time, Chair Powell will hold a press conference after the event, and any market reaction will likely come from his remarks. In light of rate hikes being “on pause” for now, markets will focus on whether the Fed’s balance sheet reduction may also be halted before long. Any such signals could drag [..]

Chinese manufacturing PMIs eyed amid sharp slowdown fears – Forex News Preview

Posted on January 30, 2019 at 9:49 am GMT

China will publish the official government manufacturing PMI gauge on Thursday at 01:00 GMT, with the private Caixin/Markit manufacturing PMI following on Friday at 01:45 GMT. The official PMI contracted in December for the first time since July 2016, confirming a deepening slowdown in the world’s second largest economy. A second straight month of contraction would likely add to investor jitters about the growth outlook for 2019 and could increase pressure on Chinese authorities to find a quick resolution to [..]

Eurozone to trim growth in Q4, inflation to step down in December – Forex News Previews

Posted on January 29, 2019 at 3:29 pm GMT

Eurozone’s initial GDP growth estimates for the fourth quarter could put the euro in a vulnerable position when they come out on Thursday at 1000 GMT as forecasters see the economy drying up before the start of an uncertain year. A day after, flash CPI figures for the month of January could add further pressure to the market, making the need of an accommodative monetary policy more apparent. Quarter-on-quarter, GDP growth in the euroland is said to have remained unchanged at [..]

Aussie on edge as Australian inflation may slowdown in Q4 – Forex News Preview

Posted on January 29, 2019 at 10:50 am GMT

Early on Wednesday at 0030 GMT, the Australian Bureau of Statistics will publish inflation numbers for the fourth quarter of 2018. Forecasts are for another soft outcome of 1.7% year-on-year from 1.9% from the previous quarter. On a quarterly basis, the pace of consumer price increases are predicted to remain the same at 0.4% as before. The view however is that even in case of an upward surprise, policymakers are most likely to stand pat on policy until wages show a significant but a [..]

Week Ahead – Dollar to seek direction from trade talks, FOMC and NFP; Eurozone GDP and Aussie inflation also eyed

Posted on January 25, 2019 at 12:09 pm GMT

The next seven days will be an important one for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian dollar will also be in focus as inflation and other closely-watched indicators will be on the agenda, while in the Eurozone, flash GDP estimates could exert more negative pressure on the beleaguered euro. Aussie vulnerable from Australian inflation and Chinese [..]

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