Forex Previews

ECB: More upbeat, but June may be too early for QE commitment – Forex News Preview

Posted on June 13, 2018 at 1:06 pm GMT

When the European Central Bank (ECB) announces its rate decision on Thursday at 1145 GMT and President Draghi holds his press conference at 1230 GMT, policymakers will have a delicate job on their hands of signaling that the end of QE is drawing closer. Markets are speculating the Bank may announce a firm end-date to its asset purchases, implying that if officials choose to postpone that decision until July instead, then the euro could come under renewed selling interest on [..]

UK retail sales rebound seen as vital for August rate hike expectations – Forex News Preview

Posted on June 13, 2018 at 12:47 pm GMT

After this week’s extremely poor manufacturing and trade gap figures out of the United Kingdom, hopes of a rebound in economic growth in the second quarter have been dashed. That’s put the focus even more on Thursday’s retail sales numbers, scheduled for release at 08:30 GMT. Sterling is headed for further volatility in a week jam-packed with major data releases and Brexit risk events. British retail sales jumped by 1.6% month-on-month in April, recovering sharply from a dire performance [..]

Aussie eyes employment report before RBA minutes next week – Forex News Preview

Posted on June 13, 2018 at 12:36 pm GMT

Australia’s employment report for May is likely to attract investors’ attention and is scheduled for release on Thursday at 0130 GMT. The unemployment rate is forecasted to tick lower to 5.5% for the month of May from 5.6% in the preceding month, while the employment change is expected to show that the economy added 18,000 jobs, 4,600 jobs less than the previous month. Meanwhile, the participation rate is predicted to remain unchanged at 65.6%. The nation’s seasonally adjusted unemployment rate unexpectedly edged [..]

US retail sales expected to accelerate in May; dollar sensitive to other events as well – Forex News Preview

Posted on June 13, 2018 at 9:26 am GMT

In an overall eventful week for the US, retail sales figures for May are due out of the country on Thursday at 1230 GMT and are anticipated to attract market participants’ attention. Retail sales are expected to grow by 0.4% m/m in May, double April’s growth rate. Meanwhile, the measure of sales that excludes automobiles – core retail sales – is projected to expand by 0.5% on a monthly basis, after rising by 0.3% in April. The US economy is [..]

Dollar firm as rate hike imminent; But will Fed also raise rate path forecast? – Forex News Preview

Posted on June 12, 2018 at 1:47 pm GMT

The US Federal Reserve is widely expected to deliver a 25 basis points increase to its benchmark interest rate on Wednesday. The announcement, due at 18:00 GMT on Wednesday, will come alongside the FOMC’s quarterly economic projections and will be followed with a press conference by Fed Chair Jerome Powell 30 minutes later. With a rate hike mostly priced in by the markets, the debate is whether the Fed will feel confident enough to signal two additional rate hikes this [..]

Flurry of UK data and Brexit developments to move sterling as the week unfolds – Forex News Preview

Posted on June 11, 2018 at 2:35 pm GMT

UK employment data for April will be made public on Tuesday at 0830 GMT, with May’s inflation numbers scheduled for release at the same time the following day. The relevant prints would constitute the last releases before the Bank of England concludes a monetary policy meeting next week, and thus might carry more weight in investors’ minds. On top of the various releases, this is a relatively important Brexit-week, something which overall brings sterling pairs to the spotlight. Tomorrow’s jobs [..]

US inflation data in sight as Fed gathers – Forex News Preview

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

As Fed policymakers kick off their two-day policy meeting on Tuesday, the US will also release its inflation readings for May, at 1230 GMT. Forecasts point to a further acceleration in price pressures, something that could amplify speculation for a more hawkish set of rate-path projections by policymakers and thereby, enhance the dollar’s appeal ahead of the actual rate decision. US inflation has been steadily picking up speed over past months, fueled by robust gains in the labor market, one-off [..]

Week Ahead – Policy shift looms as Fed and ECB meet; UK and US inflation also in focus

Posted on June 8, 2018 at 12:10 pm GMT

All eyes will be on the US Federal Reserve and the European Central Bank next week as the two central banks are expected to take further steps towards policy normalization. In contrast, the policy meeting by the Bank of Japan is anticipated to be a non-event. Economic data will also be making the headlines as inflation figures are released in the UK and the US, employment numbers are due in Australia and the UK, and retail sales data will be [..]

Loonie looks next at employment data for direction – Forex News Preview

Posted on June 7, 2018 at 2:51 pm GMT

The weekend after Trump decided to impose tariffs on steel and aluminum imports from Canada, Mexico, and the EU, the Bank of Canada’s Governor, Stephen Poloz, returned to his more cautious style, saying that the central bank will use its data-dependent approach to adjust monetary policy. The statement also came a couple of days after the central bank’s rate statement laid the ground for further monetary tightening this year, with investors now turning focus to upcoming employment data to verify whether [..]

Chinese trade data due amid trade frictions; inflation data also on the horizon – Forex News Preview

Posted on June 7, 2018 at 9:15 am GMT

Chinese trade numbers for the month of May are scheduled for release on Friday, with the figures perhaps attracting more interest in light of trade discussions between the US and China. Also of importance out of the world’s second largest economy, will be producer and consumer price inflation data due on Saturday. Friday’s figures are anticipated to show both exports and imports growing solidly on an annual basis, albeit at a slower pace relative to the previously recorded month. Specifically, [..]

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