Forex Previews

Japan GDP to show smaller contraction but could still be headed for recession – Forex News Preview

Posted on June 6, 2018 at 1:06 pm GMT

Japan will publish revised GDP numbers on Friday (Thursday, 23:50 GMT) for the first quarter. Growth is expected to be revised higher on the back of stronger than initially estimated capital expenditure during the period. However, the revision is unlikely to allay fears of a recession unless growth is revised to positive, as household spending remains weak. The preliminary estimate of GDP showed Japan’s economy ended a streak of eight consecutive quarters of growth – the longest since the 1980s [..]

US trade data in focus ahead of G7 summit as tensions run high after tariff decision – Forex News Preview

Posted on June 5, 2018 at 1:51 pm GMT

The trade balance in goods and services will be published by the United States Census Bureau on Wednesday at 12:30 GMT. After a sharp narrowing in the trade deficit in March, the shortfall is expected to hold near similar levels in April. The data will likely be watched closely ahead of the G7 summit on June 8-9, as the US President shows no sign of letting up his uncompromising stance in his fight to win more favourable trade terms from [..]

UK services PMI unlikely to provide much relief to pound as Brexit tensions brew – Forex News Preview

Posted on June 4, 2018 at 2:55 pm GMT

The Markit/CIPS services PMI will be the main data release out of the UK this week. The closely monitored index is expected to show a further improvement in the UK’s dominant services sector in May when it’s released on Tuesday at 08:30 GMT. However, any potential boost to the pound will likely be short-lived as the British government heads for a showdown with the European Union over Brexit. Activity in the services sector decelerated to a 20-month low in March, [..]

RBA to stand pat with GDP also eyed; Bank’s communication to set tone for aussie – Forex News Preview

Posted on June 4, 2018 at 1:37 pm GMT

The Reserve Bank of Australia will be completing its meeting on monetary policy on Tuesday, with a decision on interest rates scheduled for release at 0430 GMT. No change in rates is anticipated, with positioning on the aussie expected to be dictated by the tone given by the Bank in the statement accompanying the decision. Meanwhile, also of importance out of Australia are Q1 GDP figures due on Wednesday. Australian headline inflation remained unchanged at 1.9% y/y in Q1, [..]

Week Ahead – Aussie in the spotlight as Australian GDP and RBA meeting eyed

Posted on June 1, 2018 at 12:54 pm GMT

Trade figures will dominate next week’s calendar with a number of nations publishing monthly data, though they’re unlikely to attract as many headlines as US protectionism as trade risks appear to be on the rise again. The Australian dollar will be in focus for much of the week as the Reserve Bank of Australia holds a policy meeting and first quarter economic performance is examined. Canadian jobs numbers and GDP revisions in the Eurozone and Japan will also be watched, [..]

US employment report to give markets a break from politics – Forex News Preview

Posted on May 31, 2018 at 10:46 am GMT

After trading almost solely on politics over the past few days, financial markets will probably turn their gaze back to economics on Friday, when the US releases its employment data at 1230 GMT. Forecasts point to a solid report overall, which could cement market expectations for a June hike – that has come under some doubt lately – and perhaps help the dollar extend its winning streak. The US labor market is expected to have printed another decent month in [..]

US PCE inflation expected to ease, underscoring Fed’s gradual approach – Forex News Preview

Posted on May 30, 2018 at 12:34 pm GMT

The US Bureau of Economic Analysis will publish its latest monthly release on personal income and outlays on Thursday at 12:30 GMT. The report will contain closely watched data on personal income and consumption, as well as the PCE measure of inflation. With market fears of a major inflation overshoot having abated recently, Thursday’s figures will likely confirm the continuation of the goldilocks economy, with US personal incomes and spending rising solidly, but price pressures remaining moderate. Personal income is [..]

Chinese PMIs due with trade developments remaining in the background; aussie also attracts attention – Forex News Preview

Posted on May 30, 2018 at 9:56 am GMT

Chinese official PMI data for May are scheduled for release on Thursday at 0100 GMT. Manufacturing activity, which is expected to attract most interest, is anticipated to marginally ease though still remain in expansion territory. In the bigger picture, besides data releases, trade talks between the US and China continue taking place and have the capacity to act as market movers. Data releases due on Thursday are projected to show China’s official manufacturing PMI coming in at 51.3 from April’s [..]

Battered euro looks to Eurozone’s inflation data for some reprieve – Forex News Preview

Posted on May 29, 2018 at 3:24 pm GMT

The common European currency has plunged in recent weeks, as a combination of heightened political uncertainty in Italy, a slowing Eurozone economy, and an increasingly cautious tone by the ECB have taken their toll. In the midst of all this, the battered euro will look for some reprieve in Eurozone’s inflation data for May, due out on Thursday at 0900 GMT. The past weeks have not been kind to the euro, which has plunged amid signs that a slowdown in [..]

Trade risks and debt to hold BoC rates steady – Forex News Preview

Posted on May 29, 2018 at 12:50 pm GMT

On Wednesday at 1400 GMT, the Bank of Canada will announce its interest rate decision and issue its press release, explaining the factors behind the decision. For the fifth time, though, policymakers are expected to keep borrowing costs unchanged at 1.25% as NAFTA and the US trade agenda remain a source of uncertainty for the Canadian economy, while the overloaded debt overhang continues to weigh despite a strong labor market. No conference or financial projections are scheduled to follow. Two weeks ago, CPI readings [..]

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