Forex Previews

Fed to hold rates but will Trump criticism constrain a more hawkish message? – Forex News Preview

Posted on July 31, 2018 at 3:11 pm GMT

The US Federal Reserve will announce its latest rate decision on Wednesday at 18:00 GMT when the Federal Open Market Committee (FOMC) concludes a two-day policy meeting. After the move in June when the Fed lifted rates to a range of 1.75-2.00%, no change in policy is expected this month. The absence of a press conference and new economic projections also make the July meeting a less eventful one. However, following President Trump’s recent remarks questioning the need to raise [..]

Kiwi at risk from New Zealand’s employment data – Forex News Preview

Posted on July 31, 2018 at 9:04 am GMT

New Zealand will be on the receiving end of employment and wage growth data for Q2 during the Asian trading session on Wednesday (Tuesday 2245 GMT). Economists’ forecasts suggest the nation’s labor market remained strong, and wage pressures picked up some steam. That said, survey-based gauges of employment were less optimistic during the quarter, which likely renders the kiwi vulnerable to a negative surprise. Following the recent expansion of the Reserve Bank of New Zealand’s (RBNZ) mandate to include full employment [..]

US consumption data to attract less attention after GDP report; inflation to remain at 2% – Forex News Preview

Posted on July 30, 2018 at 1:57 pm GMT

Data on US personal income and spending is not anticipated to attract the usual level of attention on Tuesday (due at 12:30 GMT) as the June figures were already incorporated in last week’s robust GDP stats. The focus will therefore be on core PCE inflation, which the Fed puts the most emphasis on when setting monetary policy. That is not to say that another solid set of numbers tomorrow would not be positive for the US dollar, helping it gain [..]

Eurozone’s inflation and GDP numbers set to guide the euro – Forex News Preview

Posted on July 30, 2018 at 11:23 am GMT

The Eurozone will see the release of its preliminary inflation data for July, as well as the first look at GDP for Q2, both on Tuesday at 0900 GMT. Forecasts are pointing to largely unchanged inflationary pressures and economic growth, something likely to solidify dovish expectations around ECB rate hikes, potentially keeping any advances in the euro limited for now. The euro is still licking its wounds following the latest European Central Bank (ECB) meeting last week, where President Draghi [..]

BoJ unlikely to deliver fireworks for now, yen bulls at risk – Forex News Preview

Posted on July 27, 2018 at 1:14 pm GMT

The Bank of Japan (BoJ) will announce its monetary policy decision during the Asian trading session on Tuesday. The yen has gained lately on speculation the Bank may alter its policy in a more hawkish direction. That said, the BoJ still seems somewhat unlikely to adjust its policy for now, with core inflation remaining miles away from its target. This renders the yen vulnerable to a downside correction should Kuroda & Co disappoint those looking for a hawkish twist. Back [..]

Week Ahead – BoJ, Fed, BoE policy decisions awaited; Eurozone GDP and US jobs report also in focus

Posted on July 27, 2018 at 1:11 pm GMT

It’s going to be a big week for central banks as the Federal Reserve, the Bank of Japan and the Bank of England hold policy meetings in the next seven days. Economic data will also be at the forefront with plenty of major releases, including the US jobs report and the first look at Eurozone growth in the second quarter. However, as has been the case in recent weeks, the underlying market sentiment may be determined by US trade policy [..]

Dollar turns its gaze to US durable goods and GDP data – Forex News Preview

Posted on July 25, 2018 at 2:55 pm GMT

The latter part of this week promises to be exciting for the dollar, as US durable goods orders for June will hit the markets on Thursday, and the first look at GDP for Q2 is released on Friday, both at 1230 GMT. Forecasts point to robust figures, particularly for economic growth, which could enhance speculation for two more Fed rate hikes this year and potentially provide another lift to the dollar. US durable goods orders are expected to have risen [..]

With QE exit plans laid out, ECB to offer little new at July meeting – Forex News Preview

Posted on July 25, 2018 at 10:43 am GMT

The European Central Bank will announce its latest policy decision on Thursday at 11:45 GMT. After last month’s big decisions when the Bank outlined its monetary policy course until at least the summer of 2019, the upcoming meetings, including this week’s gathering, look set to be uneventful ones. However, with some confusion surrounding the ECB’s forward guidance on interest rates, markets will be seeking clarification from President Mario Draghi at his press conference. In June, the Bank shocked the markets [..]

Australian inflation data next on the docket for the aussie – Forex News Preview

Posted on July 24, 2018 at 2:27 pm GMT

Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which could cement expectations the RBA will remain on hold for the foreseeable future. Expectations that the Reserve Bank of Australia (RBA) will take any form of policy action over the foreseeable future have moderated dramatically in recent months. Whereas back [..]

Eurozone flash Manufacturing PMI next to drive euro – Forex News Preview

Posted on July 23, 2018 at 3:10 pm GMT

Eurozone economic performance has been in question in the second quarter of 2018 ever since a row of soft data raised concerns that the slowdown registered in the first quarter could be more than temporary. Markets will now shift focus to July’s flash Purchasing Managers Index (PMI) figures due on Tuesday (0800 GMT) which are the last evidence on the economy before the European Central Bank policy meeting takes place on Friday. Yet, analysts believe that businesses have experienced another bearish run [..]

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