Forex Previews

Japan releases trade figures as yen increasingly challenges multi-month high versus dollar – Forex News Preview

Posted on March 16, 2018 at 3:20 pm GMT

Japanese trade data for February will be made public on Sunday at 2350 GMT. Exports are anticipated to grow for the 15th straight month on a yearly basis, albeit at a much slower pace relative to previous months, and imports are expected to expand for the 14th consecutive month. Yen pairs will be gathering attention as the figures hit the markets, especially in light of the latest developments on the trade front. It is those developments though that seem to have [..]

New Zealand Q4 GDP growth to pick up speed – Forex News Preview

Posted on March 14, 2018 at 5:24 pm GMT

Statistics New Zealand will issue GDP growth figures for the final quarter of 2017 on Wednesday at 2145 GMT. Under a new government and an expansion in monetary mandates, the economy is expected to have grown at the highest pace in over a year, putting a strong foot forward. While this will sound a music to the Reserve Bank of New Zealand, policymakers are unlikely to alter their monetary strategy until they see inflation touching the middle bound of the [..]

SNB unlikely to signal policy shift, may reiterate franc remains “highly valued” – Forex News Preview

Posted on March 14, 2018 at 1:17 pm GMT

The Swiss National Bank (SNB) will announce its rate decision on Thursday at 0830 GMT. While no change in policy is expected, investors will be looking for signals on whether the Bank is contemplating an eventual exit from its ultra-loose policies. With Swiss inflation still subdued though, the SNB may be reluctant to provide such signals, for now at least. In contrast to most of its major counterparts like the European Central Bank (ECB), the SNB has provided no hints [..]

China releases important data as trade frictions continue to attract attention; aussie in focus – Forex News Preview

Posted on March 13, 2018 at 2:37 pm GMT

China will see the release of numbers on February’s fixed asset investment, industrial production and retail sales on Wednesday at 0200 GMT. Barring retail sales, the figures are expected to have eased on an annual basis relative to January’s respective releases. As the readings are made public, attention will be falling on the aussie as well as on any implications for the global economy. Annually, fixed asset investment, industrial output and retail sales are projected to have grown by 7.0%, [..]

US retail sales next in line to shake the dollar – Forex News Preview

Posted on March 13, 2018 at 1:22 pm GMT

The US will see the release of its retail sales data for February on Wednesday at 1230 GMT. While consumer spending softened in January, it’s projected to have bounced back in February. If confirmed by the actual data, this would be an encouraging development for Fed policymakers, who are widely anticipated to raise interest rates at their upcoming meeting next week. US retail sales are forecast to have risen by 0.3% on a monthly basis in February, a rebound following [..]

Eyes on US CPI as inflation fears could return – Forex News Preview

Posted on March 12, 2018 at 3:46 pm GMT

Flashing back a month earlier, an upward surprise in consumer prices caused a sharp but temporary reaction to the markets, with stocks sinking and government bond yields surging. While the consumer price index is not the Fed’s favorite inflation measure, and someone could expect the figures to be more informative rather than a market-driver, the numbers popped up in times when investors were already worrying that the economy would start generating more noticeable inflation. Indeed, in February, speculation that price growth could [..]

Week Ahead – US inflation and retail sales in focus; New Zealand GDP also eyed

Posted on March 9, 2018 at 3:10 pm GMT

It will be a relatively quiet week in terms of economic data over the next seven days, with the exception of the United States where inflation and retail sales figures will attract plenty of attention. The schedule for central bankers will also be lighter but not totally void as the Swiss National Bank holds a regular policy meeting. Japan reports producer prices and machinery orders The Bank of Japan kept monetary policy unchanged this week and reaffirmed its commitment to [..]

US jobs report: All eyes on wages – Forex News Preview

Posted on March 8, 2018 at 2:05 pm GMT

The US will release its all-important monthly employment report for February, on Friday at 1330 GMT. While forecasts point to yet another healthy month in terms of jobs added, investors are likely to focus primarily on the wage numbers, to gauge whether higher inflation is indeed just around the corner. How wages evolve will likely be critical for market expectations regarding how many hikes the Fed may deliver this year and thus, for the dollar’s forthcoming direction. The US economy [..]

Chinese trade & inflation data coming up with aussie also in focus – Forex News Preview

Posted on March 7, 2018 at 3:53 pm GMT

Chinese trade data for the month of February are due on Thursday – the figures lack a fixed time of release – with both exports and imports projected to grow solidly. The readings on producer and consumer prices for the month of February scheduled for release on Friday at 0130 GMT will also be in focus out of the nation. On an annual basis, PPI growth is expected to ease, while CPI expansion is anticipated to accelerate. Year-on-year, exports and [..]

ECB will probably need more time to change forward guidance – Forex News Preview

Posted on March 7, 2018 at 3:39 pm GMT

The European Central Bank concludes its two-day policy meeting on Thursday, but no major policy shift is expected once again. February did not add much to the Eurozone’s economic recovery but instead indicated that the bloc’s positive momentum has slowed down. March did not have a great start either, with political uncertainties lingering on, while threats of a trade war arose out of the blue. The ECB Governor, Mario Draghi, is anticipated to say on Thursday that the current loose monetary policy is still needed to accommodate healthy growth in the Eurozone, [..]

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