Forex Previews

Eurozone economic sentiment to ease further; CPI to show no change – Forex News Preview

Posted on August 29, 2018 at 2:40 pm GMT

The European Commission is delivering its monthly consumer and business survey results on Thursday at 0900 GMT and forecasts signal that economic sentiment in the 19 countries sharing the euro currency has deteriorated even further in August. While an upside surprise could move the euro higher, traders may stay cautious on their positioning until Eurozone’s August preliminary inflation numbers come out on Friday at 0900 GMT, as those could generate larger volatility to the market given their direct impact on the European [..]

Loonie awaits Canadian GDP data as trade talks commence – Forex News Preview

Posted on August 29, 2018 at 1:45 pm GMT

Canada’s GDP data for Q2 are slated for release on Thursday, at 1230 GMT. Forecasts point to a material rebound in economic growth, which is likely to be pleasant news for BoC policymakers, and could support the loonie somewhat. That said, the most crucial determinant of the currency’s forthcoming direction may be how the US-Canada trade negotiations play out over the coming days. The Canadian economy experienced a soft patch in the first quarter of the year, recording a mere [..]

Japanese indicators to point to steady start to Q3; unlikely to excite yen traders – Forex News Preview

Posted on August 29, 2018 at 9:57 am GMT

Key data on industrial output, retail sales and the labour market will be watched out of Japan in the next few days, with investors hoping they will shed some light on the state of the Japanese economy at the start of the third quarter. The release schedule will begin with retail sales on Thursday (Wednesday, 23:50 GMT), and will be followed by the unemployment rate, the jobs/applicants ratio and industrial output on Friday (Thursday, 23:50 GMT). Typically, Japanese data do [..]

Aussie looks to Australian capex data for direction after political drama – Forex News Preview

Posted on August 29, 2018 at 8:57 am GMT

The Australian Bureau of Statistics will publish data on capital expenditure for the second quarter on Thursday at 1:30 GMT, giving investors a glimpse to GDP performance during the period. A small pick up in private new capital expenditure is forecast by analysts. However, with persistently low inflation still being the Reserve Bank of Australia’s primary concern, Thursday’s figures are unlikely to make much impact on monetary policy. Nevertheless, a solid release could help the Australian dollar extend its recovery [..]

Dollar looks to key data for support as trade worries fade – Forex News Preview

Posted on August 28, 2018 at 1:05 pm GMT

Several US data releases will highlight the final week of August. A second look at GDP for Q2 will be made public on Wednesday, before personal consumption & income numbers alongside the core PCE index are out on Thursday, at 1230 GMT. Strong prints could enhance expectations for two more Fed rate hikes this year and thereby, support the dollar a little. That said, the currency will also remain sensitive to any developments in trade tensions. After surging to its [..]

Week Ahead – US PCE inflation, Aussie capex and Canadian GDP to highlight another muted week

Posted on August 24, 2018 at 2:35 pm GMT

As summer draws to a close, it will be another lacklustre week for economic data in the coming seven days. The biggest weight will therefore fall on PCE inflation numbers out of the US, GDP figures from Canada and Australian quarterly capital expenditure data to keep the markets alive, barring of course any fresh developments on the trade front or in the Brexit negotiations. Other notable releases will include Eurozone flash inflation estimates, Chinese manufacturing PMIs and the second reading [..]

German Ifo business climate to edge up in August; may struggle to lift the euro – Forex News Preview

Posted on August 24, 2018 at 12:44 pm GMT

The Ifo business survey out of Germany will be making the headlines on Monday at 08:00 GMT as investors look still for evidence that growth in the Eurozone’s largest economy is picking up. While recent data suggest the deceleration in growth has bottomed out and economic activity may even be quickening somewhat, many analysts remain cautious about the outlook for Germany and the wider euro area, and this is reflected in euro/dollar, which recently hit a more than one-year trough [..]

Japanese inflation to tick up in July but still has long road to the target – Forex News Preview

Posted on August 23, 2018 at 2:20 pm GMT

Japan’s Statistics Bureau will be releasing inflation readings for the month of July at 2330 GMT and while the Bank of Japan’s monetary policy remains super accommodative, inflation has been stubbornly refusing to pick up steam towards the central bank’s price target, making investors wonder whether the BoJ could join its counterparts in the tightening train anytime soon. In July, analysts expect core inflation to strengthen but still remain sluggish. The data are expected to show that the nationwide core Consumer Price Index (CPI), which excludes fresh food but includes energy products, grew by 0.9% y/y in June, slightly faster than in May [..]

ECB minutes to halt the euro’s advancing? – Forex News Preview

Posted on August 22, 2018 at 3:06 pm GMT

The official record of the European Central Bank’s July meeting will be made public on Thursday at 1130 GMT. This comes less than twenty-four hours after the Federal Reserve releases its own minutes pertaining to its latest meeting. A stark contrast between the two, with the Fed on the hawkish side of the spectrum and the ECB on the dovish, may act as the catalyst for the euro to start giving up on recent gains which allowed it to significantly [..]

Eurozone PMIs to provide insights on third-quarter growth; euro recovery to last? – Forex News Preview

Posted on August 22, 2018 at 10:14 am GMT

The eurozone’s flash manufacturing and services PMIs, as well as the composite reading that blends the two sectors, are all due on Thursday at 0800 GMT. The prints, which are expected to provide further insights on economic activity in the euro area during Q3, constitute the most important releases out of the eurozone in the current week. Analysts are projecting manufacturing PMI to fall to 55.0, only marginally below July’s 55.1, which was the first rise in the indicator after [..]

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