Forex Previews

Raft of crucial UK data releases set to guide sterling – Forex News Preview

Posted on April 16, 2018 at 2:38 pm GMT

It’s going to be a busy week for sterling traders. The UK will release its employment figures for February on Tuesday at 0830 GMT, while inflation and retail sales data for March will follow at the same time on Wednesday and Thursday respectively. Wages are projected to have picked up speed, while inflation is anticipated to have risen at the same pace as previously, pushing real wage growth back into positive territory. Such prints would likely be encouraging news for [..]

Week Ahead – March inflation, BoC meeting, US retail sales and China GDP among highlights; geopolitical risks also loom large

Posted on April 13, 2018 at 12:03 pm GMT

It will be an important week for major economic releases over the next seven days with key indicators due from all the big markets. Inflation and retail sales data will dominate the calendar followed by employment numbers. A policy meeting by the Bank of Canada will also be eyed. However, with geopolitical risks currently running high, a worsening risk sentiment could dampen market enthusiasm for the data. While simmering tensions in the Middle East may have distracted President Trump’s attention [..]

Chinese exports to moderate in March but outlook clouded by trade war fears – Forex News Preview

Posted on April 12, 2018 at 8:37 am GMT

Trade figures out of China are scheduled for release on Friday for the month of March, with consensus forecasts of a sharp deceleration in exports and a smaller trade surplus. The data comes amid heightened risk of a trade war between China and the United States as the two economic powerhouses quarrel over unfair trade practices. Chinese exports surged by 44.5% year-on-year in February – the biggest jump in three years – mainly due to the effects of the timing [..]

ECB minutes eyed for QE-tapering clues – Forex News Preview

Posted on April 11, 2018 at 2:31 pm GMT

The European Central Bank (ECB) will release the minutes from its March policy gathering on Thursday, at 1130 GMT. As always, investors will look for fresh clues regarding when policymakers plan to start winding down their asset purchase program, though the conversation regarding trade risks could also attract attention considering recent events. Even though the ECB took no action in March, keeping its benchmark interest rates and asset purchase program untouched, it did tweak its forward guidance in a more [..]

US inflation data & Fed minutes in the limelight – Forex News Preview

Posted on April 10, 2018 at 3:37 pm GMT

Wednesday promises to be an eventful day for the dollar, with US CPI data for March and the minutes from the latest FOMC meeting likely to trigger renewed volatility in the world’s reserve currency. While a potential acceleration in inflation and a confident tone in the minutes could help the greenback recover a little, numerous trade and political uncertainties persist. Until they dissipate, any rallies in the currency could remain relatively limited. Monetary policy has moved out of the [..]

UK trade and production data eyed as pound approaches $1.42 – Forex News Preview

Posted on April 10, 2018 at 2:41 pm GMT

The pound was one of the best performing currencies against the US dollar in the first three months of 2018. But as the British currency basks in the growing optimism about the prospect of a favourable post-Brexit trade deal with the European Union, the renewed strength may not be good news for UK exporters, with early indications pointing to slowing manufacturing growth in the first quarter. The Office for National Statistics will publish its latest figures on industrial and manufacturing [..]

China prices to ease in March after Lunar New Year distortion; yuan firmer amid trade friction – Forex News Preview

Posted on April 10, 2018 at 9:17 am GMT

China’s National Bureau of Statistics will publish inflation data on Wednesday consisting of the consumer and producer price indices. While both the CPI and PPI rates are expected to moderate in March, investors will be wary of any unexpected weakness in price pressures in the world’s second largest economy amid an escalating trade spat with the United States. The annual rate of CPI is forecast to ease by 0.3 percentage points to 2.6% in March, remaining below the People’s Bank [..]

Week Ahead – Trade data in focus amid rising American protectionism; US inflation also eyed

Posted on April 6, 2018 at 2:27 pm GMT

Trade numbers out of China look set to attract some headlines next week as trade tensions between the United States and China heat up and show no sign of deescalating. Germany and the United Kingdom will also publish monthly trade figures, while inflation data out of the US will be another closely watched indicator in a week where the Federal Reserve will be releasing the minutes of its March policy meeting. China exports to moderate in March After China responded [..]

Dollar looks to jobs data & Fed Chair Powell’s speech for direction – Forex News Preview

Posted on April 5, 2018 at 9:13 am GMT

Friday is almost guaranteed to bring fresh volatility to the US dollar, which has been trending sideways since the middle of January. Not only will the US release its all-important employment data for March at 1230 GMT, but a few hours later at 1730 GMT, Fed Chairman Jerome Powell will deliver remarks on the economic outlook, and investors will be hanging on his lips for any fresh policy signals. In March, nonfarm payrolls are forecast to have risen by 195k, [..]

Canadian employment report due with possibility for a NAFTA deal soon – Forex News Preview

Posted on April 5, 2018 at 9:05 am GMT

The Canadian employment report for the month of March will be made public on Friday at 1230 GMT. The Canadian dollar will be in focus as the data are released. The currency managed to post some gains versus its US counterpart as of late on the back of optimism around an imminent NAFTA deal, though it continues to perform poorly year-to-date, trading lower by 1.5%. Canada’s economy is expected to have added 20k positions in the month of March. This [..]

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