Forex Previews

FOMC meeting minutes eyed for trade concerns – Forex News Preview

Posted on August 21, 2018 at 3:06 pm GMT

The US Federal Reserve is scheduled to release the minutes from its latest policy meeting on Wednesday at 1800 GMT and while the central bank opened the path for further rate increases this year, giving a strong assessment on the US economy, investors will be closely reading the detailed record to confirm that policymakers are indeed comfortable to raise borrowing costs even under a worsening outlook on global trade. Having already delivered seven rate hikes since the financial crisis, the Federal Open Market Committee (FOMC) announced on August [..]

Canadian retail sales to spur speculation for two more rate hikes in 2018? – Forex News Preview

Posted on August 21, 2018 at 9:22 am GMT

Canada’s retail sales figures for June will be made public on Wednesday at 1230 GMT. The release is perhaps attracting additional attention in the aftermath of last week’s headline CPI beat out of Canada, which led to growing speculation for the delivery of two more rate hikes by the nation’s central bank in 2018. After growing by 2.0% m/m in May, its strongest since October 2017, retail sales growth is anticipated at 0.1% in June, reflecting a considerable easing compared [..]

Week Ahead – Eurozone PMIs and Japanese inflation due; Jackson Hole summit, trade updates & Turkey could steal the show

Posted on August 17, 2018 at 11:59 am GMT

Upcoming releases in the next seven days are pointing to a relatively quiet August week. Among the few stand-out readings are flash PMI prints out of the eurozone, Japanese inflation figures and US capital goods orders. In addition, the minutes relating to the Federal Reserve and Reserve Bank of Australia’s latest meetings will be made public next week. Despite a mostly light calendar, comments out of central bankers gathering for the Jackson Hole Symposium, as well as global trade & [..]

Canadian inflation data in focus as loonie hopes for NAFTA deal – Forex News Preview

Posted on August 16, 2018 at 2:53 pm GMT

Canada will be on the receiving end of inflation data for July on Friday, at 1230 GMT. Forecasts suggest the headline CPI rate remained unchanged, which would likely keep the Bank of Canada (BoC) on track to deliver at least one more rate increase this year and thereby, potentially benefit the loonie. Beyond economic data, any updates on the future of NAFTA will also be crucial for the currency, particularly following recent reports that a deal may be inching closer. [..]

US retail sales next on the radar for the dollar – Forex News Preview

Posted on August 14, 2018 at 12:00 pm GMT

The US will see the release of retail sales figures for July on Wednesday, at 1230 GMT. Forecasts suggest that retail sales rose yet again, albeit at a slower pace than in the previous month. Nonetheless, another positive print could enhance the narrative that the US economy remains on a healthy track and thus, spell more good news for the dollar. The US economy had been firing on all cylinders in the quarter to June, with the preliminary estimate of [..]

Eurozone industrial production and German ZEW economic sentiment could be next to drive the euro – Forex News Preview

Posted on August 13, 2018 at 3:58 pm GMT

While Eurostat’s second GDP growth estimate is expected to confirm on Tuesday that the bloc’s economic growth slowed down in the second quarter, eurozone’s industrial production is anticipated to have picked up steam in June (0900 GMT). At the same time in Germany, the ZEW institute is projected to say that economic sentiment in the biggest EU economy has improved but is still negative, with the euro probably bouncing higher if the data indicate a stronger improvement than analysts forecast. In May, eurozone’s industrial production surprisingly rebounded, printing [..]

Shaky pound turns its gaze to data releases for relief as Brexit talks loom – Forex News Preview

Posted on August 13, 2018 at 1:17 pm GMT

This week will bring a raft of key data points out of the UK, including employment, inflation, and retail sales releases. Forecasts point to figures that are likely to confirm the UK economy remains on a solid footing. While a set of decent prints could help trigger a relief bounce in sterling, any rallies in the currency may remain relatively short-lived, at least until there are some signs of progress in the Brexit talks – which are set to resume [..]

Week Ahead – Pound looks to UK data to halt slide; US retail sales and Aussie jobs coming up too

Posted on August 10, 2018 at 12:51 pm GMT

Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets to decide on rates. Australian employment in focus for the aussie The Australian dollar hit its lowest since January 2017 of 0.7278 this past week, [..]

UK GDP next on the horizon for the battered pound – Forex News Preview

Posted on August 9, 2018 at 1:07 pm GMT

The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE’s latest forecasts. While a strong print could help the battered pound recover a little on the news, any sustained rally in the currency remains unlikely given the heightened uncertainty currently surrounding the Brexit negotiations. In the quarter ending in June, UK GDP is expected to have risen by 0.4% in [..]

Canadian employment report eyed as loonie swings from high to low – Forex News Preview

Posted on August 9, 2018 at 9:45 am GMT

Canadian employment numbers for July due on Friday at 12:30 GMT could add to the recent run of strong data for the North American economy. Jobs growth is expected to slow but remain solid in July, as the country enjoys a bounce in economic momentum amid strained relations with the United States and Saudi Arabia, and ongoing efforts to renegotiate NAFTA. The Canadian dollar could be set for fresh highs against its US counterpart after reaching a near 2-month peak [..]

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