Forex Previews

US retail sales in sight as Fed prepares for action – Forex News Preview

Posted on November 16, 2020 at 4:19 pm GMT

America’s latest retail sales data will hit the markets at 13:30 GMT Tuesday, and investors will look for clues on whether the Fed will pull the easing trigger again in December. With US infections spiraling out of control lately, Congress locked in a stalemate over more fiscal relief, and longer-dated US bond yields rising after the vaccine news, the Fed may frankly have no choice. As for the dollar, all this may imply some pain, but the upside in euro/dollar [..]

Week Ahead – Plenty of data but Covid, Trump and Brexit might steal the spotlight

Posted on November 13, 2020 at 1:40 pm GMT

After the US election and vaccine frenzy, economic data will move to the forefront in the coming week, with inflation and retail sales comprising the bulk of the releases. However, investors might be wrong to assume that the election and virus storms are over as Trump steps up his legal fight to overturn Joe Biden’s projected win and as several states in America head towards new lockdowns. If all that fails to produce enough drama, there is always Brexit waiting [..]

Japanese preliminary Q3 GDP may raise fresh concerns about recovery – Forex News Preview

Posted on November 12, 2020 at 3:50 pm GMT

Japanese GDP preliminary numbers for Q3 2020 are coming up during the early Asian session on Sunday at 23:50 GMT. Japan’s economy likely rebounded in the third quarter as global demand picked up, but the effects of the Covid-19 crisis persisted, and it could take some time for output to return to pre-pandemic levels. Despite this week’s slide, the Japanese yen has been rising over the last seven months against the US dollar, while stronger figures may drive the market even higher. An expansion is predicted after the record shrink The Japanese gross domestic product [..]

US CPI data eyed as vaccine news overwhelms markets – Forex News Preview

Posted on November 10, 2020 at 3:11 pm GMT

In America, the highlights this week will be the latest CPI inflation data at 13:30 GMT Thursday and a speech by Fed Chairman Powell at 16:45 GMT, which could shed some light on whether the Fed will ramp up its stimulus dose again this year. The split Congress outcome and lack of a powerful relief package suggest it should, but the latest vaccine news has cast doubt on that. As for the dollar, any hints that the Fed won’t follow [..]

RBNZ set to launch new lending programme; negative rates may have to wait – Forex News Preview

Posted on November 10, 2020 at 6:45 am GMT

The Reserve Bank of New Zealand is due to announce its latest policy decision on Wednesday (01:00 GMT) and will present its updated forecasts in the Monetary Policy Statement to be published at the same time. New Zealand’s economic prospects have started to turn up lately as the country emerges from a second nationwide lockdown. But uncertainty about the global outlook and a soaring local dollar mean the central bank is far from done in its easing cycle and is [..]

UK may show record growth in Q3 but the worst is not over yet – Forex News Preview

Posted on November 9, 2020 at 5:27 pm GMT

The anxiety of the US election is almost over and the focus will shift back to the economic calendar this week, with the UK releasing employment data for September on Tuesday at 06:00 GMT and GDP growth figures for the third quarter on Thursday at the same time. Expectations are for a record economic expansion and another increase in the unemployment rate, though Brexit developments may steal the show instead, reminding markets that the worst is not over yet, as [..]

Week Ahead – The calm after the US election storm

Posted on November 6, 2020 at 12:31 pm GMT

It’s a relatively quiet week coming up for global markets as the election dust settles. The main event will be the RBNZ policy meeting, though frankly, the real driver for most currencies and stocks may be the ‘aftershock’ effects of the election. There’s also a slew of economic data, the Brexit adventure continues, and the earnings season winds down. There’s no keeping this market down No ‘blue wave’ in the US election? No problem. This was essentially the market response [..]

Loonie stable ahead of potentially positive employment report – Forex News Preview

Posted on November 5, 2020 at 1:35 pm GMT

The Canadian economy is in a period of a great uncertainty. It’s not too surprising therefore that the Canadian dollar has been moving sideways against the US dollar over the last two months. Investors are waiting for the employment report on Friday at 1230 GMT for fresh clues on the economy. Stronger figures in employment may provide some relief to the domestic currency, helping it surpass again the descending trend line. Unemployment rate is expected to tick even lower In the previous release, the unemployment rate in Canada decreased [..]

Bank of England set to boost QE as lockdown and Brexit cause economic havoc – Forex News Preview

Posted on November 4, 2020 at 10:38 am GMT

The Bank of England will conclude its latest policy meeting on Thursday, announcing its decision at 07:00 GMT. As it’s November, the Bank will also be publishing its quarterly Monetary Policy Report alongside the meeting minutes. But while a virtual press conference is pencilled in too, it will be pre-recorded and released at 09:15 GMT, as has become the customary practice for the BoE during the pandemic. Following the UK government’s decision to place England under a month-long lockdown, it’s [..]

Fed meeting and NFP eyed as markets digest election – Forex News Preview

Posted on November 3, 2020 at 1:06 pm GMT

It is the mother of all weeks for the dollar and stock markets. In the aftermath of the US election, traders will have to digest a Fed meeting at 19:00 GMT Thursday and the latest US employment report at 13:30 GMT Friday. The election outcome will overshadow everything else, but we may still see some decent moves if the Fed telegraphs an increase in asset purchases come December. As for the jobs data, it is no longer a trend-setter for [..]

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