Forex Previews

Japanese Tankan Big Manufacturers Index to lose further momentum in Q2 – Forex News Preview

Posted on June 29, 2018 at 3:43 pm GMT

Early on Monday, Japan’s closely watched Tankan survey which tracks responses from more than 10,000 companies is expected to show that business conditions for large companies in the manufacturing sector have deteriorated in the second quarter of the year. While the safe-haven yen hardly reacts to data releases, investors will curiously take a glance at the numbers to see whether the US trade protectionism and higher oil prices have weighed on firms’ investment plans. According to analysts, the Big Manufacturers Tankan index issued by the Bank of [..]

Week Ahead – Resilient dollar looks at US jobs report for new highs; UK PMIs and RBA in focus too

Posted on June 29, 2018 at 3:21 pm GMT

The US jobs report for June will be the highlight of the coming week as the greenback remains unscathed from the rising trade tensions. Canada will also publish employment numbers, while PMI releases in the UK and the US will be watched too, along with the Bank of Japan’s quarterly Tankan survey. In the world of central banks, policy meetings by the Reserve Bank of Australia and Sweden’s Riksbank will be making the headlines. Mixed outlook expected from BoJ Tankan [..]

Eurozone’s inflation prints due as EU summit casts shadow – Forex News Preview

Posted on June 28, 2018 at 9:26 am GMT

The Eurozone will see the release of its preliminary inflation data for June on Friday, at 0900 GMT. Forecasts point to another slight acceleration in prices pressures, which although may be energy-driven would still enhance the narrative that inflation is moving in the desired direction, potentially helping the euro recover some of its recent losses. Besides the data, the outcome of the EU summit could also prove crucial for the common currency’s fortunes. The common European currency stabilized somewhat in [..]

US core PCE projected within breathing distance of Fed inflation target – Forex News Preview

Posted on June 28, 2018 at 8:54 am GMT

US data on May’s core personal consumption expenditure (PCE) price index – this being the Federal Reserve’s preferred inflation gauge – are due out on Friday at 1230 GMT, alongside numbers on personal income and consumption. A beat on the inflation front is likely to more conclusively put on the table two additional interest rate increases by the US central bank in 2018, consequently supporting the greenback. The core PCE price index, that excludes volatile food and energy items and [..]

Chinese PMIs due amid ongoing concerns over global trade and a weakening yuan – Forex News Preview

Posted on June 27, 2018 at 3:25 pm GMT

Chinese official PMI data for June are scheduled to be made public on Saturday at 0100 GMT. Manufacturing activity, which is expected to attract the lion’s share of attention, is projected to slightly ease though to still remain in expansionary territory. Beyond the releases, the ongoing spat between the US and China over trade and investment issues remains in the background, having the potential to move markets. Meanwhile, yuan weakness is attracting interest with some linking it to trade developments. [..]

EU leaders meet with Merkel’s political future hanging in the balance – Forex News Preview

Posted on June 27, 2018 at 3:20 pm GMT

Although typically not a major market mover, this week’s EU summit promises to deliver several headlines that could well impact financial markets. Multiple subjects including migration, Brexit, and trade are on the agenda, with the fate of German Chancellor Merkel’s coalition government seemingly hanging in the balance of whether an immigration deal can be reached. Beyond these, any proposals from Italy’s new government will be scrutinized following the recent turmoil. EU leaders will face a tough balancing act when they [..]

Japanese industrial output and retail sales to deteriorate; employment to stay firm – Forex News Preview

Posted on June 27, 2018 at 12:59 pm GMT

While the safe-haven Japanese yen tends to be less sensitive compared to other currencies when data releases come out of the calendar, updates on economic measures out of Japan can improve or deteriorate investors’ sentiment on the economy. On Thursday, Japan will issue readings on retail sales, while late on Friday employment and industrial production figures will also come under the spotlight. However, the numbers are not expected to show improvement, with labor stats projected to remain unchanged, while retail sales and flash [..]

After PMI boost, euro eyes economic sentiment indicator – Forex News Preview

Posted on June 27, 2018 at 9:43 am GMT

The European Commission will publish its economic sentiment indicator (ESI) on Thursday at 09:00 GMT, which comes hot on the heels of last week’s much better-than-expected Eurozone services PMI from IHS Markit. The flash PMI readings for June raised hopes that the Eurozone soft patch is coming to an end, boosting the euro. However, consensus forecasts for the ESI are for another drop in the indicator in June. Sentiment across the euro area hit the highest since 2000 in December, [..]

RBNZ expected to stand pat; policymakers’ assessment to move the kiwi – Forex News Preview

Posted on June 26, 2018 at 9:12 am GMT

The Reserve Bank of New Zealand will be deciding on rates on Wednesday at 2100 GMT. The central bank is anticipated to hold rates unchanged, with the focus falling on the Bank’s communication regarding future policy as well as New Zealand’s economic outlook. New Zealand’s central bank is widely expected to maintain its official cash rate at the historic low of 1.75% for the eleventh straight meeting. Thus, positioning on the kiwi will be dependent on policymakers’ assessment of the [..]

US capital goods orders to rise further in May but trade policy clouds outlook – Forex News Preview

Posted on June 26, 2018 at 8:44 am GMT

Data on durable goods orders will be watched out of the United States this week for an indication of business spending amid a worsening trade row between the world’s biggest trading powers. The report will be published by the US Census Bureau on Wednesday at 12:30 GMT and is expected to show another drop in the headline figure but increases in the more relevant core measures. The US dollar, which has been in retreat since the end of last week, [..]

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