Forex Previews

Forex News – Euro up after successful Spanish bond sale

Posted on May 14, 2013 at 9:41 am GMT

Euro reversed losses made after the disappointing German ZEW and bounced 40 pips to a high of $1.3027 after better-than-expected euro zone industrial production data as well as a successful Spanish debt auction. The Spanish government treasury sold a total of 4.05 billion of government debt, which is above the full targeted amount of EUR4 billion. The good news helped push yields down. On the Spanish 10-year bonds, yields are down to 4.352 percent after the auction. On the 12-month [..]

Forex News – US retail sales surprisingly rises in April

Posted on May 13, 2013 at 1:24 pm GMT

US retail sales increased beat expectations and surprised to the upside, giving optimism that the US economic recovery is gaining momentum. Today’s data comes on the back of strong US jobs data – a fall in jobless claims and strong nonfarm payrolls this month. According to data released by the US Commerce Department n Monday, retail sales grew 0.1 percent after a revised 0.5 percent decline in March. This was better than the projected 0.3 percent decline. The core retail [..]

Forex News – UK expected to continue to grow the rest of 2013

Posted on May 13, 2013 at 11:00 am GMT

The United Kingdom has narrowly avoided a triple dip recession, as indicated by recent economic data and estimates by the Office for National Statistics that GDP expanded by 0.3 per cent in the first quarter of the year. The Confederation of British Industry (CBI) also claims that it expects GDP to expand, with their estimates of 1 per cent in 2013, followed by 2 per cent growth next year. “Our latest survey data suggests that the momentum shown in the [..]

Forex News – China industrial production lower than forecast

Posted on May 13, 2013 at 7:14 am GMT

China released some mixed economic data this morning, mostly weaker than expected. This disappointed markets since the data highlights how the economic recovery in the world’s second largest economy is still fragile and progress is slow. China’s annual industrial output grew at 9.3 percent in April, missing expectations of 9.4 percent. However this was still more than the previous month’s seven-month low of 8.9 percent. Meanwhile, other data showed that fixed-asset investment, an important driver of economic activity, grew slower-than-expected [..]

Forex News – Canadian dollar dips on soft jobs numbers

Posted on May 10, 2013 at 3:08 pm GMT

The Canadian dollar fell to its lowest level since April 29 against the greenback, after disappointing Canadian jobs data. The Canadian economy created only 12,500 more positions, less than the projected 15,000 new jobs., while the jobless rate remained the same at 7.2 percent. In contrast to the Canadian employment scene, Canada’s neighbor’s to the south have an improving labor market. Last week’s surge in US nonfarm payrolls and Thursday’s drop in initial jobless claims numbers show the American economy [..]

Forex News – Kuroda reiterates that BOJ is not targeting currency rate

Posted on May 10, 2013 at 11:29 am GMT

The yen has reached four year lows against the dollar and has begun raising concerns again about currency wars. As the G7 meeting begins this weekend, there is talk yet again about Japan’s recent measures that have led to a weakening currency and could created tension with its trading partners at the G7 gathering. However Bank of Japan governor Haruhiko Kuroda, speaking on Friday ahead of the G7 on London said that the BOJ monetary policy does not target currency [..]

Forex News – No more QE from BoE, pound surges

Posted on May 9, 2013 at 1:04 pm GMT

Sterling extended gains after the Bank of England left the benchmark interest rate on hold at 0.5 percent. Prior to the announcement, the pound was already up against the dollar after being lifted by strong UK manufacturing and industrial production data, which both rose more than expected. After the economic data, sterling jumped to $1.5585 within minutes of the data at 09:30 am London time, up from a pre-data low of $1.5549. Following the Bank of England rate announcement, the [..]

Forex News – Sterling jumps after strong manufacturing data

Posted on May 9, 2013 at 9:45 am GMT

Sterling jumped against the dollar after better-than-expected manufacturing and industrial output data which gives signs that the UK economy is on the mend. The upbeat data will make it unlikely that the Bank of England will change current monetary policy and will leave interest rates unchanged. The Bank of England ends a two-day policy meeting today and is due to announce its decision on interest rates which are expected to remain on hold at 0.5 percent as well as the [..]

Forex News – Aussie jumps after more jobs created

Posted on May 9, 2013 at 6:09 am GMT

The aussie was the biggest mover in Thursday’s Asian session after domestic jobs data. The Australian economy added more jobs than forecast in April, as employers hired 50,100 more people, versus the expected 11,000. The increase in jobs positions helped push down the unemployment rate fell to 5.5 percent from 5.6 percent in the previous month. AUDUSD shot up over 90 pips to $1.0252 from $1.0161. Today’s data was a sigh of relief to investors who were concerned that the [..]

Forex News – Swiss Franc weakens after April CPI remains flat

Posted on May 8, 2013 at 8:48 am GMT

Switzerland consumer price inflation (CPI) remained unchanged last month, confounding expectations for a slight increase, causing the Swiss Franc to fall against most counterparts. According to a report released by the Swiss Federal Statistics Office, CPI in April gave a reading of 0.0 percent, thus being flat for the month, compared to March’s 0.32 percent increase. Forecasts were for inflation to tick up marginally by 0.1 percent on a month to month basis. On an annualized calculation, consumer prices in [..]

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