Forex Previews

Forex News – Australian inflation enters RBA’s target range, still below forecasts; aussie falls

Posted on April 26, 2017 at 11:19 am GMT

Australian CPI data for the first quarter of the year showed annual inflation entering the Reserve Bank of Australia’s target range for the first time since September 2014. Despite this feat, inflation numbers were below what analysts expected while core inflation significantly lagged the RBA’s target band of 2 to 3%. These factors caused the Australian dollar to fall. Taking a look at the actual numbers, inflation stood at 2.1% year-on-year during the first quarter of 2017. This compares favorably [..]

Forex News – Euro boosted as Macron becomes favourite to become French president after first round win

Posted on April 24, 2017 at 11:51 am GMT

The euro surged to a 5-month high today after the first round of voting in France’s presidential election defied the worst case scenario predictions and gave Emmanuel Macron, the centrist candidate, the expected win. The far-right leader of the National Front party, Marine Le Pen, came second in Sunday’s vote as many polls indicated. However, with 97% of the votes counted, she was more than 2 points behind at 21.5% compared to Macron’s 23.8%. The results boosted risk sentiment as [..]

Week Ahead – US and UK GDP eyed amid slowing consumer spending; French election, ECB and BoJ meetings also in focus

Posted on April 21, 2017 at 4:01 pm GMT

After a quiet week for data following the Easter celebrations, the economic calendar is looking busier over the coming seven days. However, political events could once again overshadow the statistics as France holds the first round of its presidential election on Sunday. Central banks will also be under the spotlight with both the European Central Bank and the Bank of Japan holding their scheduled policy meetings. In terms of data, the first estimates of US and UK GDP will be [..]

Forex news – Rise in New Zealand inflation lifts hopes of rate hikes

Posted on April 20, 2017 at 12:53 pm GMT

New Zealand’s dollar strengthened after the country’s headline inflation rate accelerated to the fastest pace in five years in the first quarter and beat forecasts. The data boosted the kiwi as markets hope that today’s data diminishes significantly the likelihood for any further rate cuts by the Reserve Bank of New Zealand, at least at the upcoming policy meetings. The Consumer Price Index showed a 2.2% increase in the first quarter year-on-year from a 1.3% increase in the fourth quarter [..]

Forex News – French elections a big risk for the euro

Posted on April 19, 2017 at 2:55 pm GMT

The French elections are one of the most potentially destabilizing events for the markets this year. The first round of the elections is on Sunday, April 23. The top two candidates from the knock-out round will battle it out in a second ballot on May 7. As the election date nears, the outcome has become less predictable and recent polls have shown that the race is tight between centrist Emmanuel Macron and far-right Marine Le Pen. But a recent surge [..]

Forex News – Pound wobbles before surging to 4-month high after UK PM calls snap election

Posted on April 18, 2017 at 12:44 pm GMT

The pound swung wildly on Tuesday as news emerged that the British Prime Minister, Theresa May, will call an early general election on June 8. The announcement took markets by surprise as May had previously ruled out an election before 2020, and most analysts had expected that any decision for a snap election would have come before the triggering of Article 50 and not after it. The UK government formally notified its intention of withdrawing from the European Union on [..]

Forex News – China GDP growth accelerates to 6.9% in Q1 but debt concerns rise

Posted on April 18, 2017 at 11:05 am GMT

China’s economy expanded at an annual pace of 6.9% in the first quarter of 2017, beating analysts’ expectations of 6.8% growth. The figure is the highest since the third quarter of 2015 and above the government’s official target of 6.5%. Growth during the three-month period was fuelled by a rapid rise in credit and infrastructure spending, but a rebound in factory output added to hopes of a more sustained recovery. After recording the slowest annual growth in 26 years of [..]

Forex News – Aussie surges by 1% on strong Chinese and Australian data

Posted on April 13, 2017 at 10:20 am GMT

The Australian dollar is sharply higher on Thursday after being lifted by strong employment data out of Australia, as well as from strong trade figures out of China. Following a 3-week slide that took the aussie to a 3-month low of 0.7472 against the US dollar yesterday, the Australian currency received a much needed boost today from a combination of a weaker greenback and positive economic indicators. Job figures released today in Australia allayed concerns about potential weakness in the [..]

Forex News – Sterling extends gains after UK jobless data

Posted on April 12, 2017 at 2:17 pm GMT

The pound extended its gains for a third day on Wednesday after UK data showed the number of unemployed Britons continue to fall in the three months to February. Today’s jobs report from the Office for National Statistics (ONS) gave little cause for concern about the health of the UK labour market amid worries that Britain’s economy may be losing steam in the run up to the Brexit negotiations. The number of people out of work fell by 45,000 to [..]

Forex News – Pound jumps after UK inflation remains above BOE 2% target

Posted on April 11, 2017 at 11:14 am GMT

Sterling rose after inflation data showed UK consumer prices remained above the Bank of England’s 2% target in March. According to the Office for National Statistics, the annual CPI figure came in at 2.3% last month, as was widely expected, and was the same rate of increase as in February when CPI rose at the fastest since June 2013. That was the first time inflation exceeded the BoE’s 2% target in more than three years. The pound jumped to high [..]

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