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Forex Previews

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Fed to hold rates; unlikely to signal slower tightening after stocks sell-off, Trump attack – Forex News Preview

Posted on November 7, 2018 at 2:41 pm GMT

The US Federal Reserve will announce its latest monetary policy decision on Thursday at 19:00 GMT after concluding a two-day meeting. While the Federal Open Market Committee (FOMC) is almost certain to keep its benchmark rate unchanged this month, investors will be watching for any tweaks to the statement language for clues about the future pace of rate hikes. In the absence of any unease by FOMC members about the recent volatility in stock markets, the US dollar could head [..]

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Chinese exports to start reflecting effect of tariffs? Aussie eyed too – Forex News Preview

Posted on November 7, 2018 at 10:12 am GMT

Chinese trade data for October are due on Thursday. The ongoing Sino-US trade dispute has rendered such releases somewhat more important, with the numbers likely to be scrutinized for any negative effects stemming from US tariffs. As is usually the case, the Aussie will also be attracting attention after the figures are made public due to the Australian economy’s heavy reliance on China; the currency is viewed as a liquid proxy for China-related “plays”. Analysts’ projections call for Chinese exports and [..]

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RBNZ set to keep rates unchanged but could it trim rate cut bets? – Forex News Preview

Posted on November 6, 2018 at 4:52 pm GMT

Following the RBA, the Reserve Bank of New Zealand (RBNZ) will be next to decide on monetary policy this week. As their Australian counterparts, RBNZ policymakers are widely expected to leave interest rates unchanged on Wednesday at 2000 GMT under a fragile global trade environment and downbeat local business sentiment. The kiwi however could start fluctuating prior to the rate statement as the quarterly employment report out of the country and the outcome of the US midterm elections are poised to affect investors’ buying interest for the currency. In the [..]

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Kiwi looks to New Zealand jobs data to sustain upside momentum and for RBNZ clues – Forex News Preview

Posted on November 6, 2018 at 9:57 am GMT

Traders will be turning to quarterly employment numbers out of New Zealand on Wednesday (21:45 GMT, Tuesday) to decide whether the kiwi’s rebound from the October lows can be extended. More significantly, the jobs data could provide an indication as to whether the Reserve Bank of New Zealand will maintain a dovish tilt or turn a little hawkish at its policy meeting a day later on Thursday.  Economic indicators out of New Zealand have been a bit more encouraging in [..]

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Kiwi looks to New Zealand jobs data to sustain upside momentum and for RBNZ clues – Forex News Preview

Posted on November 6, 2018 at 9:53 am GMT

Traders will be turning to quarterly employment numbers out of New Zealand on Wednesday (21:45 GMT, Tuesday) to decide whether the kiwi’s rebound from the October lows can be extended. More significantly, the jobs data could provide an indication as to whether the Reserve Bank of New Zealand will maintain a dovish tilt or turn a little hawkish at its policy meeting a day later on Thursday.  Economic indicators out of New Zealand have been a bit more encouraging in [..]

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RBA to stick to script as risks loom – Forex News Preview

Posted on November 5, 2018 at 2:01 pm GMT

The Reserve Bank of Australia will make an announcement on monetary policy on Tuesday at 0330 GMT and it is certain that policymakers will choose to keep interest rates at record lows for the 26th consecutive month. Some discomfort however is expected regarding recent weakness in economic data, while escalated global risks could be another reason to hold policy accommodative for now.   Australian consumer prices grew by 1.9% year-on-year in the third quarter, in line with forecasts but below the 2.1% mark [..]

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Week Ahead – Fed meets amid stock market wobble; US midterms and UK Q3 GDP also in spotlight

Posted on November 2, 2018 at 12:21 pm GMT

The Federal Reserve will be holding its first monetary policy meeting next week since US and global stocks posted a sharp corrective move from record highs. Investors will be looking for some sign from the Fed that it’s paying attention to the recent negative developments in financial markets. Australia’s and New Zealand’s central banks will also be announcing their latest rate decisions. On the data front, third quarter GDP estimates out of the UK will be the highlight, along with [..]

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Week Ahead – Central banks and US Q3 GDP in focus; BoC poised to raise rates

Posted on November 1, 2018 at 10:28 am GMT

Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank, only the BoC is anticipated to take action next week. The preliminary reading of third quarter GDP growth in the United States will likely be the most highly awaited release of the week, followed by the October flash PMIs in [..]

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US jobs data expected to show wage growth at near decade high: FX and equity market action eyed – Forex News Preview

Posted on November 1, 2018 at 10:13 am GMT

The current week will wrap up with the most important monthly release out of the US, namely the country’s jobs report due at 1230 GMT. Wage growth is anticipated to again attract the lion’s share of attention out of October’s report. A beat on this front will theoretically more conclusively put on the table a December hike by the Federal Reserve. There are some equity market subtleties at play this time around though that may complicate things for the US [..]

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Canadian employment data eyed as BoC turns increasingly data dependent – Forex News Preview

Posted on November 1, 2018 at 9:58 am GMT

Employment numbers will be watched out of Canada on Friday at 12:30 GMT as investors are on the lookout for fresh rate clues after the Bank of Canada said it could move quicker in removing monetary stimulus. The BoC’s increased confidence on the rate outlook hasn’t transpired to a stronger Canadian dollar, however, as market pricing of future rate hikes hasn’t shifted dramatically, according to overnight index swaps. Jobs growth is anticipated to have slowed in October, following a 63.3k [..]

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