Forex Previews

BoJ meets with yen trading at elevated levels; Japan’s revised GDP numbers also due – Forex News Preview

Posted on March 6, 2018 at 3:01 pm GMT

The Bank of Japan will be concluding its meeting on monetary policy on Friday, with a decision on rates being made public at 0400 GMT. Markets project the Bank to maintain its ultra-easy monetary policies firmly in place. However, despite no change being expected, the meeting is gathering more attention than past ones on the back of mounting speculation that the Japanese central bank is preparing the ground for an exit from ultra-loose policies, something which has allowed the yen [..]

Bank of Canada to stand pat, may appear cautious amid trade risks – Forex News Preview

Posted on March 5, 2018 at 3:25 pm GMT

The Bank of Canada (BoC) is due to announce its policy decision on Wednesday at 1500 GMT, and expectations are for the Bank to stand pat having raised interest rates at its previous meeting. While markets continue to expect two more hikes by the BoC this year, it will be interesting to see whether officials adopt a more cautious stance, in an environment where recent economic data have softened and the US has announced tariffs that will adversely impact the [..]

RBA expected to stand pat; other key data out of Australia on the agenda – Forex News Preview

Posted on March 5, 2018 at 10:35 am GMT

The Reserve Bank of Australia will be completing its meeting on monetary policy on Tuesday, with a decision on the Bank’s policy rate being made public at 0330 GMT. Markets widely expect the central bank to keep rates unchanged, with the market’s focus falling on the RBA’s remarks on the outlook for the economy and inflation which could offer hints as regards its monetary policy plans moving forward. RBA policymakers are expected to support maintaining the cash rate, the central [..]

Week Ahead – Big week for central banks as ECB, BoJ, RBA and BoC meet; US jobs report also eyed

Posted on March 2, 2018 at 4:16 pm GMT

The coming week looks set to be dominated by central banks as policymakers in Europe, Canada, Australia and Japan gather for their corresponding policy meetings. Economic data shouldn’t escape the headlines however as Australian GDP, Chinese trade figures and US and Canadian jobs reports will be eagerly awaited. However, early in the week, politics will be setting the mood, particularly for the euro as Italians go to the polls to vote for a new government on Sunday and Germany’s SPD [..]

German coalition decision among events that may shake the euro – Forex News Preview

Posted on March 2, 2018 at 12:12 pm GMT

The upcoming weekend promises to be an eventful one for European assets. On Sunday, while Italians head to the polls to elect their new leader, Germans will find out whether they have a new government, as the SPD party will announce if its members have approved another “grand coalition” with Merkel’s conservatives. The party’s decision could have wide-ranging effects for Germany’s political stability and by extent, for the common European currency. Germany has been entangled in political coalition talks for [..]

UK PM Theresa May’s position on Brexit: will sterling extend declines? – Forex News Preview

Posted on March 1, 2018 at 4:00 pm GMT

More than one-and-a-half-years have passed since Britain voted in favor of leaving the European Union and the situation is still unclear as regards the UK’s future relationship with the remainder of the EU bloc of nations. UK PM Theresa May will be delivering a speech on Friday that aims to clarify her government’s position on this front. Will her remarks though truly clear the fog, or will a fresh layer of uncertainty set in, acting as a drag on both [..]

Canadian GDP figures on the horizon as loonie falls to multi-week low – Forex News Preview

Posted on March 1, 2018 at 10:26 am GMT

Canada will see the release of Q4 2017 as well as December GDP figures on Friday at 1330 GMT. Quarterly annualized growth figures are projected to show an improvement after Q3’s slump in economic activity, while monthly figures are anticipated to show that expansion eased during the last month of the year. Market participants may assign greater weight on the numbers that would otherwise have been the case, given that they will be released a few days before the Bank [..]

Australian capital expenditures could end 2017 in positive note – Forex News Preview

Posted on February 28, 2018 at 5:11 pm GMT

Australia will see its latest business investment data early on Thursday with the release of private new capital expenditure figures (CAPEX) for the final quarter of 2017. While analysts predict a slowdown in private investments, the measure is expected to finish the year in growth territory for the first time since 2011, flagging a positive start in 2018 and suggesting an ongoing economic expansion ahead of next week’s GDP growth numbers. Few minutes after midnight on Thursday, the CAPEX survey [..]

US PCE inflation to hold steady in January but personal income and spending expected to moderate – Forex News Preview

Posted on February 28, 2018 at 11:02 am GMT

Consumer spending in the United States likely slowed at the start of 2018, data on Thursday is forecast to show, while the Federal Reserve’s preferred gauge of inflation is not expected to reveal an immediate risk of an uptick. The data on personal income and spending will be the first since the better-than-expected wage growth and CPI numbers for January, and the first after Jerome Powell took the help at the Fed. Personal income is expected to rise by 0.3% [..]

Eurozone’s last inflation input before ECB meeting due – Forex News Preview

Posted on February 27, 2018 at 2:20 pm GMT

Eurozone flash inflation figures for the month of February are scheduled for release on Wednesday at 1000 GMT. Price pressures are anticipated to ease on an annual basis, with market participants potentially extrapolating from the numbers to what European Central Bank policymakers will likely decide on when they next meet in March. Headline CPI is projected to grow by 1.2% y/y and core CPI – the measure that excludes volatile food and energy items from its calculations – is [..]

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