Forex Previews

US jobs report in focus – will the dollar rally be refueled? – Forex News Preview

Posted on May 3, 2018 at 2:57 pm GMT

The US jobs report for the month of April is due on Friday at 1230 GMT. The report is arguably the most important monthly release out of the world’s largest economy. Tomorrow’s release is expected to show a return to trend in terms of the number of positions added to the economy after a weak weather-distorted number in March. Meanwhile, wage growth data are again likely to attract the most attention. Analysts’ project the addition of 192k job positions in [..]

Eurozone flash CPI to lack momentum in April – Forex News Preview

Posted on May 2, 2018 at 2:21 pm GMT

Eurozone flash inflation readings will be available for review on Thursday at 0900 GMT and forecasts suggest that price growth in the monetary union will continue to lack momentum needed to reach the European Central Bank’s (ECB) inflation target, justifying the central bank’s patience in removing stimulus. On an annual basis, the headline Harmonized Consumer Price Index (HICP) is said to have increased by 1.3% as in March, while the core equivalent which trims volatility, is seen marginally lower at 1.2% y/y [..]

Could UK Services PMI resurrect hopes for May rate hike? – Forex News Preview

Posted on May 2, 2018 at 1:33 pm GMT

Market odds of an interest rate rise by the Bank of England in May have fallen dramatically over the past month from over 90% to less than 20% after a run of weak UK data. BoE chief, Mark Carney, also cast doubt about the prospect of a May move in recent remarks. However, after strongly signalling a rate increase earlier in the year, the Bank may have cornered itself into raising rates as it risks losing credibility if it doesn’t [..]

Eurozone’s GDP and jobs data gather attention ahead of inflation prints – Forex News Preview

Posted on April 30, 2018 at 3:07 pm GMT

The Eurozone will see the release of its preliminary GDP for Q1 as well as its unemployment rate for March, both on Wednesday at 0900 GMT. Forecasts point to a slowdown in economic growth, something that would likely vindicate the European Central Bank’s (ECB) recent shift to a more cautious stance. It’s no secret that economic growth in the Eurozone probably slowed in the first quarter of the year. Business surveys such as the Purchasing Managers Indices (PMIs) have been [..]

More hawkish Fed eyed at May FOMC meeting as dollar headed for best month in a year – Forex News Preview

Posted on April 30, 2018 at 2:38 pm GMT

The Federal Open Market Committee (FOMC) begins a two-day monetary policy meeting on Tuesday, with a decision expected on Wednesday at 18:00 GMT. No change to the federal funds rate is expected this month, which now stands at a target range of 1.50-1.75%. The Committee last raised rates in March and indicators for the US economy have been consistently solid since then. But with no new quarterly projections scheduled in May and policymakers committed to a gradual rate hike path, [..]

RBA meeting: Neutral, with a hint of caution? – Forex News Preview

Posted on April 30, 2018 at 1:53 pm GMT

The Reserve Bank of Australia (RBA) will announce its policy decision on Tuesday, at 0430 GMT. The Bank is widely expected to keep rates on hold, so once again, attention will be on the accompanying statement. Given mixed developments since the latest meeting, the RBA is likely to stick to its neutral script overall. In case there is a shift in language though, it may be towards a more cautious direction. Economic developments since the RBA last met in early [..]

Week Ahead –Fed, jobs report and PCE inflation eyed by dollar bulls; RBA and Eurozone GDP also in focus

Posted on April 27, 2018 at 12:30 pm GMT

The central bank theme will continue next week as the US Federal Reserve and Reserve Bank of Australia hold policy meetings. The latest nonfarm payrolls report and PCE inflation figures look set to keep the US dollar at the centre of attention for much of the week. Another keenly awaited data will be the flash GDP and CPI numbers out of the Eurozone, while PMI readings from China, the United Kingdom and the United States will also be important. RBA [..]

Dollar eyes core PCE price index at the start of a busy week – Forex News Preview

Posted on April 27, 2018 at 12:28 pm GMT

The coming week will be a busy one in the US, with an FOMC meeting on Wednesday and an employment report on Friday likely to provide ample volatility for dollar traders. Ahead of these events though, on Monday at 1230 GMT, the US will release other key data, including the core PCE price index as well as personal income and spending figures, all for March. Forecasts point to an encouraging set of prints, which could help the greenback to extend [..]

US economic activity expected to ease in Q1; Fed course unlikely to be affected – Forex News Preview

Posted on April 26, 2018 at 1:50 pm GMT

The US will see the release of its advance Q1 2018 GDP growth estimate on Friday at 1230 GMT. Economic activity is projected to have slowed considerably relative to the previous quarter, though the softness is unlikely to trouble Fed policymakers much. According to analysts’ forecasts, the preliminary GDP growth rate for the first quarter of the year is expected to stand at 2.0% on an annualized basis, significantly below Q4 2017’s respective figure of 2.9%. The US economy tends [..]

BoJ to hold rates, stick with inflation outlook; relief as yen falls – Forex News Preview

Posted on April 26, 2018 at 9:09 am GMT

The Bank of Japan will announce its latest monetary policy decision on Friday after concluding a two-day meeting. The announcement could easily be a non-event as the Bank is widely expected to keep policy unchanged and not make any significant changes to its quarterly economic forecasts, which are published the same day. However, investors shouldn’t discount the possibility of a more dovish stance following the appointment of two new deputy governors. With core inflation around 1%, the BoJ is not [..]

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