Forex Previews

Week Ahead – Fed decides as pressure grows to pause rate hikes; BoE and BoJ meet too

Posted on December 14, 2018 at 1:27 pm GMT

The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines for the rest of the week as inflation, retail sales and GDP figures are due for a number of major markets, including, Canada, Japan, the [..]

US retail sales in focus as Fed meeting comes into view – Forex News Preview

Posted on December 13, 2018 at 3:00 pm GMT

The US will see the release of its latest retail sales figures on Friday, at 1330 GMT. This will be the final tier-one data set ahead of the Fed’s highly anticipated meeting next week, so it may prove especially important for the dollar. Retail sales are expected to have slowed to 0.2% m/m in November, from 0.8% previously. Likewise, the core print that excludes automobile sales is expected to rise by 0.2%, after clocking in at 0.7% in October. Yet, [..]

Aussie looks to key Chinese data as trade talks remain in the spotlight – Forex News Preview

Posted on December 13, 2018 at 1:41 pm GMT

China’s latest industrial production, retail sales, and fixed asset investment figures will hit the markets early on Friday, at 0200 GMT. Forecasts point to an acceleration in the latter two, which may alleviate some worries around a slowdown in economic growth, and potentially help the yuan and the “China-sensitive” aussie to recover some ground. In the bigger picture, the most crucial variable for both currencies may be how US-China trade talks evolve. The Chinese economy has slowed somewhat in recent [..]

Eurozone PMIs expected to turn higher in December but outlook remains clouded – Forex News Preview

Posted on December 13, 2018 at 10:55 am GMT

The Eurozone’s flash PMIs from IHS Markit will be hitting the headlines on Friday at 0900 GMT. The closely watched indicators of economic activity in the euro area have been pointing downwards since the turn of the year, but there have been some signs lately that growth is at a turning point. While the euro stands to gain from any upturn in growth, Italy and Brexit woes are likely to limit any significant rebound in the currency. The composite PMI, [..]

May to fight a leadership challenge ahead of EU summit – Forex News Preview

Posted on December 12, 2018 at 5:02 pm GMT

The EU28 leaders will gather in Brussels on Thursday, in the context of the two-day summit, to discuss Brexit after the UK Prime Minister, Theresa May, decided in the last minute to postpone a parliamentary vote on the withdrawal agreement to avoid a dramatic defeat. But as May tours European capitals in a bid to persuade her European counterparts to improve her much-hated Brexit deal, she received an unexpected call to return home and face a no-confidence vote from her own Conservative party. If she wins the vote, her [..]

SNB meeting: No hawkish bits yet – Forex News Preview

Posted on December 12, 2018 at 11:13 am GMT

The Swiss National Bank (SNB) is widely expected to keep its policy rates unchanged at record lows on Thursday, at 0830 GMT. Markets will look for signals on whether a rate increase in 2019 is on the cards, though considering the weakening momentum in recent Swiss data and the current level of the franc, they’re unlikely to find any. Consistently dovish guidance would argue for a weaker franc over time, barring an escalation of global risks. In stark contrast to [..]

ECB to end QE but support still needed – Forex News Preview

Posted on December 11, 2018 at 3:49 pm GMT

The European Central Bank will hold its last policy meeting for the year on Thursday at 1245 GMT and consensus is for policymakers to keep interest rates steady and terminate the quantitative easing program as promised. The Bank will also update its growth and inflation projections in the same day but with economic indicators showing no signs of recovery and political risks still hanging in the background, it would be interesting to see how the ECB will support the bloc [..]

US inflation data eyed as investors unwind Fed rate-hike bets – Forex News Preview

Posted on December 11, 2018 at 1:52 pm GMT

The latest US CPI data are due out on Wednesday, at 1330 GMT. Given recent speculation that the Fed will pause its tightening cycle in 2019, these figures may be crucial in shaping market expectations ahead of the Fed’s December meeting and thereby, in determining the dollar’s near-term direction. Any updates in the US-China trade saga can also affect the greenback. The dollar has been struggling over the past few weeks, amid growing speculation that the Fed is set [..]

Pound could shrug off key data as Brexit vote tops agenda – Forex News Preview

Posted on December 7, 2018 at 2:01 pm GMT

Next week should be a busy one for the British pound as a crucial vote in Parliament will likely open a new era for the Brexit story and May’s future as a leader. Key data releases such as GDP growth and employment readings are scheduled for delivery as well, but investors will probably be too obsessed with the Brexit story to react to the numbers. While Theresa May is pushing hard to persuade lawmakers that the deal agreed with the EU is the best possible outcome reached after [..]

Week Ahead – Pound to take centre stage as Brexit vote looms; ECB meets amid worsening Eurozone outlook

Posted on December 7, 2018 at 2:00 pm GMT

The pound looks set for even choppier times as British MPs will next week get to vote on Theresa May’s much criticized Brexit deal, while there will also be a flurry of UK data for traders to keep up with. The euro will also be in focus as the European Central Bank is due to hold a scheduled policy meeting. The Swiss National Bank will be another central bank deciding on rates next week. In the US, inflation and retail [..]

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