Forex Previews

Japan’s impressive run of GDP growth likely ended in Q1 – Forex News Preview

Posted on May 15, 2018 at 9:45 am GMT

GDP data out of Japan will come into focus on Wednesday (Tuesday, 23:50 GMT) as investors watch how resilient the Japanese economy was to the soft patch in global growth during the first three months of 2018. After achieving eight straight quarters of growth at the end of 2017 – the longest streak of expansion since the 1980s – the big question is whether any contraction at the start of 2018 will be a blip or a major bump in [..]

US retail sales next to challenge dollar bulls – Forex News Preview

Posted on May 14, 2018 at 4:31 pm GMT

On Tuesday, retail sales data due out of the US at 1230 GMT are expected to show that demand for goods continued to lose momentum in April, after being on the back foot the past three months despite consumers and businesses enjoying lower taxes since the start of the year. Following disappointing CPI figures released last week, a discouraging print on this front could justify recent views that the Federal Reserve might be less aggressive in raising interest rates this year and [..]

China on the receiving end of important data; global trade and aussie also in focus – Forex News Preview

Posted on May 14, 2018 at 2:03 pm GMT

Chinese data on April’s fixed asset investment, industrial production and retail sales will be made public on Tuesday at 0200 GMT. Meanwhile, the aussie, which is widely viewed as a liquid proxy for China’s economy, will also be in focus as the numbers hit the markets. The currency is currently attempting a recovery versus the greenback after touching an 11-month low in the week that preceded. Retail sales and fixed asset investment in urban areas are projected to have marginally [..]

Sterling looks to UK jobs data for relief – Forex News Preview

Posted on May 14, 2018 at 1:34 pm GMT

The UK will release its employment figures for March on Tuesday, at 0830 GMT. Forecasts point to further progress in the labor market, which would likely be encouraging news for Bank of England (BoE) policymakers, who appeared quite cautious recently. A strong set of data could revive speculation for a near-term rate increase by the Bank, and perhaps help sterling to recover some of its latest losses. The British pound has taken a beating over the past month, after a [..]

Week Ahead – Japanese GDP and US retail sales to be main highlights; Aussie and UK jobs also eyed

Posted on May 11, 2018 at 1:12 pm GMT

With the Bank of England completing the round of central bank meetings for the Spring, economic data will move to the forefront next week. The highlights will come from Japan’s GDP readings for the first quarter and retail sales figures out of the United States. Inflation will also be in focus as Japan, Canada and the Eurozone publish CPI numbers, while employment reports out of Australia and the United Kingdom will also attract attention. First glimpse at Japanese Q1 growth [..]

Canadian jobs data next in line to shake the loonie – Forex News Preview

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

Canada’s employment data for April are due out on Friday at 1230 GMT. Forecasts point to another solid report, which would confirm the Bank of Canada’s (BoC) view that any remaining labor market slack is quickly being absorbed. While a strong set of figures may support the loonie on the news, the currency’s broader direction will also depend on any movements in oil prices. Canada’s labor market posted a soft start to the year, but that seems to have been [..]

US CPI growth expected to tick higher; Fed hike outlook eyed – Forex News Preview

Posted on May 9, 2018 at 9:17 am GMT

The US will see the release of inflation figures on Thursday at 1230 GMT. Price pressures are forecast to have accelerated in April, with headline CPI projected to touch its highest since February 2017 on an annual basis. The numbers do not pertain to the Federal Reserve’s preferred inflation measure, but still they will be closely watched by market participants; a beat could stoke market expectations for the delivery of four interest rate increases in total by the US central [..]

Sterling bulls hoping for hawkish hold by BoE after rate hike U-turn – Forex News Preview

Posted on May 9, 2018 at 8:54 am GMT

The pound has plunged by about 6% versus the dollar in the past three weeks as expectations that the Bank of England will raise interest rates on May 10 have diminished sharply. After a series of negative surprises in economic data, the Bank is now expected to keep rates unchanged at 0.50% on Thursday. However, the battered pound could get some respite if policymakers hint that future hikes remain on the table. At the start of April, futures markets were [..]

RBNZ meeting: New Governor, same old neutral message? – Forex News Preview

Posted on May 8, 2018 at 3:12 pm GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2100 GMT. Policymakers are widely expected to remain on hold, so price action will be driven by any changes in the accompanying statement, as well as the updated economic forecasts. While the broader policy message is likely to remain neutral, the Bank could revise slightly higher its inflation forecasts, which may help the battered kiwi get some reprieve. The RBNZ’s upcoming meeting will be closely [..]

Week Ahead – Will BoE raise rates? RBNZ meets too; US inflation in focus

Posted on May 4, 2018 at 12:20 pm GMT

The Bank of England’s monetary policy meeting looks set to be the main highlight of the coming week amid a sudden reversal of rate hike expectations. The Reserve Bank of New Zealand will also be holding a policy meeting. Eurozone data will be sparse but US inflation indicators, Chinese trade figures, Australian retail sales and Canadian employment numbers should keep traders busy. RBNZ to stand pat The new governor of the RBNZ, Adrian Orr, will hold his first monetary policy [..]

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