Forex Previews

Dollar awaits US inflation data for direction – Forex News Preview

Posted on August 9, 2018 at 9:34 am GMT

The US will release its Consumer Price Index (CPI) data for July on Friday, at 1230 GMT. Forecasts point to another mild, energy-driven acceleration in consumer prices. While such prints could prove positive for the dollar on the margin, for the currency to clearly resume its uptrend, it may require an upside surprise in inflation that stokes expectations for two more Fed hikes this year. The Fed provided few fresh signals when it kept interest rates unchanged last week, upgrading [..]

Japan’s economy to return to growth in Q2 as BoJ keeps monetary taps on – Forex News Preview

Posted on August 9, 2018 at 9:08 am GMT

The Japanese economy will be under the spotlight on Friday as Japan’s Cabinet Office publishes data on second quarter GDP growth at 8:50 local time (Thursday, 23:50 GMT). A negative first quarter had put an end to a stretch of eight consecutive quarters of expansion. However, growth is expected to rebound in the second quarter as business and consumer spending pick up. Growth floundered in the first three months of the year as poor winter weather and a spike in [..]

RBNZ to maintain flexible stance, downside risks linger for kiwi – Forex News Preview

Posted on August 7, 2018 at 2:09 pm GMT

The Reserve Bank of New Zealand (RBNZ) is widely anticipated to keep interest rates unchanged when it announces its rate decision on Wednesday at 2100 GMT. Given mixed developments lately, officials are unlikely to alter their message from the latest policy meeting that a rate cut remains on the table, something that could keep the kiwi near current low levels moving forward. The RBNZ took a dovish turn the last time it met back in June. Policymakers noted they are [..]

Chinese exports in the spotlight amid trade tensions; Aussie and other key data eyed too – Forex News Preview

Posted on August 7, 2018 at 8:56 am GMT

Chinese data on trade will be hitting the markets on Wednesday, with the latest twist in the Sino-US trade row perhaps rendering the release all the more important. Also of significance out of the world’s second largest economy, will be producer and consumer price inflation figures due on Thursday. Meanwhile, Australia’s “China-dependency” is bringing the aussie to the forefront ahead of the releases, as well as in the event of any major developments on trade. Analysts’ are projecting China’s [..]

RBA monetary policy meeting: more of the same story – Forex News Preview

Posted on August 6, 2018 at 2:59 pm GMT

On Tuesday the Reserve Bank of Australia is scheduled to announce its monetary policy decision at 0430 GMT and markets are almost certain that the central bank will maintain interest rates at record lows as it did over the past two years. A rate statement will accompany the decision as usually, with fears over a growing global trade war and debt risks in Australia probably being once again the main catalysts feeding the Bank’s accommodative strategy. Headline inflation managed to [..]

Week Ahead – UK and Japan next to report GDP figures; RBA and RBNZ rate decisions eyed

Posted on August 3, 2018 at 12:17 pm GMT

There will be a continuation of the central bank and Q2 GDP theme in the next seven days as interest rate decisions will be awaited out of Australia and New Zealand, while the United Kingdom and Japan will publish growth figures. Monthly data on trade balance and industrial output will also be in focus, along with Canadian employment and US inflation numbers. RBA and RBNZ to stand pat again It will be the turn of the Reserve Bank of Australia [..]

Australian retail sales eyed ahead of RBA meeting; aussie sensitive to trade tensions too – Forex News Preview

Posted on August 2, 2018 at 1:56 pm GMT

Australian retail sales data for June will be hitting the markets on Friday at 0130 GMT, in what is perhaps the last important release before the Reserve Bank of Australia concludes a meeting on monetary policy next week. Meanwhile, Australia seems to be getting caught in the crosshairs of the trade dispute between the US and China, with its currency coming under pressure due to the country’s heavy export dependency, but also as a result of the nation’s close economic [..]

UK Services PMI to revert to slower gear in July; unlikely to prove a big driver for pound – Forex News Preview

Posted on August 2, 2018 at 1:13 pm GMT

After the highly anticipated Bank of England decision on Thursday, the focus for sterling at the end of the week will turn to the services PMI out of the United Kingdom on Friday at 08:30 GMT. The IHS Markit/CIPS services PMI is expected to highlight the BoE’s dilemma, with activity in the sector expected to expand only moderately even as the Bank presses with a rate hike – its second since the global financial crisis. While a modest rebound in [..]

US jobs data in focus with trade “noise” making a comeback – Forex News Preview

Posted on August 2, 2018 at 9:19 am GMT

The US jobs report for July is due on Friday at 1230 GMT, with the release widely viewed as the most important monthly print out of the world’s largest economy since the global financial crisis. Overall, a relatively healthy labor market is anticipated by analysts, with wage growth data again attracting the lion’s share of attention. According to economic forecasters, the US economy added 190k positions during July, something which may on the one hand point to weakening jobs growth [..]

BoE set to raise rates, but can the pound rally? – Forex News Preview

Posted on August 1, 2018 at 2:00 pm GMT

The Bank of England (BoE) is widely anticipated to raise its benchmark interest rate via a 7-2 vote on Thursday, at 1100 GMT. Such a move is practically fully priced in already and thus, price action in sterling will depend largely on the signals the Bank sends regarding the prospect of more rate increases before long. Overall though, even in the unlikely event of hawkish signals, it is difficult to envision a sustained rally in the pound with the Brexit [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms