Forex Previews

Eurozone inflation to inch higher in October but doubts persist about outlook – Forex News Preview

Posted on October 31, 2018 at 2:52 pm GMT

Hot on the heels of the preliminary GDP readings, Eurostat will publish the flash estimates of Eurozone inflation for October on Wednesday at 10:00 GMT. With growth in the euro area unexpectedly slowing in the third quarter, the inflation numbers will likely bring better news for policymakers as both headline and underlying measures are anticipated to move higher. An upward trend could offer some support for the euro, which continues to be weighed by a weakening growth outlook and renewed [..]

Bank of England to stand pat; revised projections eyed – Forex News Preview

Posted on October 31, 2018 at 10:54 am GMT

The Bank of England’s latest policy decision will be made public at 1200 GMT on Thursday. The central bank is widely anticipated to keep rates unchanged, with the focus falling on monetary policy committee (MPC) members’ communication as expressed in the meeting minutes, as well as on the updated quarterly forecasts for GDP and inflation. Governor Carney’s press conference will also be eyed, as his remarks could prove instrumental for sterling’s direction in the aftermath of the rate decision. Analysts expect all nine [..]

Week Ahead – Inflation and flash PMI data to dominate; BoJ to leave policy unchanged

Posted on September 14, 2018 at 1:17 pm GMT

Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand will be another highlight. Central bank activity will also keep the markets busy as the Bank of Japan and the Swiss National Bank hold policy [..]

Chinese data likely to confirm steady but moderating growth as trade tensions persist – Forex News Preview

Posted on September 13, 2018 at 9:20 am GMT

As China awaits President Trump’s next move in the ongoing trade war, economic indicators due on Friday at 02:00 GMT will provide the latest look at the strength of industrial output, retail sales and fixed-asset investment in the world’s second largest economy. While export growth has so far remained resilient in the face of higher import tariffs by the US, there are signs the escalating trade dispute is weighing on Chinese business confidence. This is reflected in the yuan and [..]

ECB to keep the same forward guidance; eyes on fresh economic projections – Forex News Preview

Posted on September 12, 2018 at 3:33 pm GMT

On Thursday the European Central Bank (ECB) is expected to have another non-event policy meeting at 1145 GMT as policymakers have already laid down the path of monetary policy for the next year. The meeting, however, could bring a wave of volatility to the euro if the ECB elevates worries about the US trade strategy and calls for caution regarding political matters in Italy. Positioning on the common currency could also alter based on the central bank’s new economic projections. At [..]

Turkish lira firms ahead of expected rate hike – Forex News Preview

Posted on September 12, 2018 at 2:58 pm GMT

Turkey’s central bank is widely expected to raise interest rates on Thursday, with a decision due at 11:00 GMT. The Turkish lira has advanced to two-week highs versus the US dollar in anticipation of much needed action by the Central Bank of the Republic of Turkey (CBRT), which has come under attack by investors for not doing enough to stem the lira’s freefall. Turkey’s large current account deficit makes the lira particularly vulnerable to capital outflows, as recently highlighted by [..]

Bank of England to hold rates as Brexit talks intensify – Forex News Preview

Posted on September 12, 2018 at 11:36 am GMT

The Bank of England will announce its latest policy decision at 11:00 GMT on Thursday after concluding its two-day meeting. After last month’s rate rise of 25 basis points, no change in policy is anticipated at the September meeting. However, analysts will be looking to see if the Bank maintains its guidance of further “gradual and limited” rate increases as UK growth picks up a gear. But with Brexit negotiations approaching a critical stage, the next hike could be months [..]

US inflation & retail sales data on the docket for dollar – Forex News Preview

Posted on September 12, 2018 at 10:29 am GMT

The latter part of this week will bring key US data releases, with CPI inflation figures hitting the markets on Thursday and retail sales prints due out on Friday, both at 1230 GMT. Forecasts point to a mild cooling in inflationary pressures and a slight slowdown in retail sales, which combined, may weigh on the dollar a little. Beyond economic data, the US currency will also be sensitive to any developments in the global trade arena. The US economy has [..]

Upcoming employment data unlikely to place a floor on the Aussie’s retreat – Forex News Preview

Posted on September 12, 2018 at 9:22 am GMT

Australian employment figures for August are due on Thursday at 0130 GMT, with the economy expected to be a net creator of jobs following July’s negative employment growth. The Aussie is on the receiving end of considerable pressure stemming from growing concerns for a full-blown trade war between the US and China, as well as on the back of domestic drivers. Strong data later in the week may provide some short-term relief to the battered currency, but unless the trade [..]

UK employment report due as sterling attempts a rebound – Forex News Preview

Posted on September 10, 2018 at 1:30 pm GMT

The British pound saw a recovery in recent days, aided by a more conciliatory tone by the EU on Brexit. While political and Brexit developments will remain front and center, having the capacity to spur sharp and unexpected movements in sterling, this week will also bring noteworthy updates on the economic front, starting with the UK employment data on Tuesday at 0830 GMT. Short bets on the British pound were scaled back over the past days, helping the battered currency [..]

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