Forex Previews

Eurozone flash CPI to show inflation recovery but ECB could remain patient – Forex News Preview

Posted on April 3, 2018 at 3:46 pm GMT

Wednesday’s economic calendar might bring somewhat positive news to the European Central Bank, with figures on Eurozone’s inflation and unemployment rate bringing policy normalization closer in sight. Preliminary consumer prices for the month of March will attract the most attention on Wednesday at 0900 GMT as these will show whether price pressures have strengthened enough to lift inflation one step towards the ECB’s target of 2.0%. The headline CPI is expected to support this narrative up to an extent, with analysts forecasting that the measure has rebounded from 1.1% to 1.4% on yearly terms after [..]

UK PMIs to stoke May hike odds by the Bank of England? – Forex News Preview

Posted on April 3, 2018 at 2:38 pm GMT

The UK will see the release of March PMI figures for the construction and services sectors on Wednesday and Thursday respectively, both at 0830 GMT. The figures, especially the one for the dominant-for-the-UK-economy services sector, have the capacity to steer the probability of an interest rate hike by the Bank of England when it next meets in May, consequently leading to movements in sterling pairs. The upcoming Markit/CIPS construction PMI reading is anticipated to stand at 50.8 and the one [..]

RBA set to remain on hold as trade uncertainties loom – Forex News Preview

Posted on April 2, 2018 at 1:13 pm GMT

The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank widely anticipated to take no action, the focus will probably turn to the statement accompanying the decision for fresh policy signals. Considering recent developments around global trade, the RBA has every reason to err on the side of caution, potentially reaffirming that any rate hike in Australia is still a long way off. Not a lot has happened domestically in Australia [..]

Japan’s Tankan index to back strong business sentiment – Forex News Preview

Posted on March 30, 2018 at 5:38 pm GMT

Japanese business sentiment jumped to an 11-year high in the final quarter of 2017, marking five straight quarters of growth according to the Bank of Japan’s Tankan survey issued in December. On Sunday, at 2350 GMT, the same survey is likely to show that in the three months to March the positive business outlook among big enterprises remained resilient although earlier polls conducted by Reuters indicated that some risks are still hanging in the background. Particularly, the Tankan index for big manufacturers is [..]

Week Ahead – US jobs and eurozone flash inflation take center stage amid other releases and RBA meeting

Posted on March 30, 2018 at 2:42 pm GMT

The upcoming week is set to be busier relative to the past one in terms of economic releases, featuring among others what is arguably the most significant release out of the US since the global financial crisis, namely the country’s jobs report. Eurozone preliminary inflation figures for March is another data set that will be closely watched by market participants, while the Reserve Bank of Australia will be holding a meeting on monetary policy. RBA set to remain on hold [..]

Canadian GDP due amid raft of US releases – Forex News Preview

Posted on March 28, 2018 at 2:56 pm GMT

Canadian GDP figures for the month of January are due on Thursday at 1230 GMT. The release could give direction to the local dollar which has been performing poorly relative to its US counterpart, shedding 2.7% year-to-date. Economic activity in Canada is expected to have expanded by 0.1% m/m during the first month of the year, at the same rate as in December. Strong growth during the first half of 2017 was instrumental for the country’s economy to expand by [..]

Dollar turns its sights to core PCE price index, spending & income data – Forex News Preview

Posted on March 28, 2018 at 2:56 pm GMT

Thursday will probably be the most eventful day for the US dollar this week, from a data perspective at least. The core PCE price index, which is the Fed’s preferred inflation measure, as well as personal income and spending figures are all due for release at 1230 GMT. While forecasts point to a robust set of data, there are reasons to be hesitant to trust these projections, which implies the greenback may be at risk from these releases. Core [..]

Euro looks to German inflation data for direction – Forex News Preview

Posted on March 28, 2018 at 9:48 am GMT

Germany’s preliminary inflation data for March are due for release on Thursday, at 1200 GMT. Forecasts point to an acceleration in price pressures for Eurozone’s largest economy, which would undoubtedly be pleasant news for the European Central Bank (ECB) as it prepares the ground for an unwinding of stimulus that is likely to take place later this year. After touching a high-point of 2.0% in yearly terms back in February 2017, Eurozone’s inflation rate has been steadily trending lower in [..]

US final GDP for Q4 among the few events for USD this week – Forex News Preview

Posted on March 27, 2018 at 1:16 pm GMT

The US will release the final estimate of GDP for Q4 2017 on Wednesday, at 1230 GMT. While these data may be viewed as somewhat outdated given that Q1 is now almost over, they could still gather some attention in a quiet calendar week, especially in case of a notable deviation from what is anticipated. The US economy has been humming along nicely in recent quarters, growing at a pace of more than 2%, as a robust labor market and [..]

Forex News Preview – Eurozone economic sentiment expected to ease in March; Will the euro follow lower?

Posted on March 26, 2018 at 3:32 pm GMT

As the euro races past the $1.24 level again, recent data out of the Eurozone does not appear to support this renewed bullishness for the single currency. Business confidence gauges for the region are all pointing to a softening in economic activity during the first quarter of 2018, with the March data, in particular, showing a notable slowdown. The European Commission’s economic sentiment index due on Tuesday will be the last of the major surveys for March and will likely [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms