Forex Previews

Can UK retail sales extend the pound’s recovery? – Forex News Preview

Posted on February 15, 2018 at 12:42 pm GMT

UK retail sales for January are due to be released at 0930 GMT on Friday and forecasts point to a rebound in monthly terms following a sharp decline previously. Should the actual prints show that UK consumer spending remains on a decent track despite the squeeze in real incomes, that would be another factor enhancing the case for the Bank of England (BoE) to raise interest rates in May. In January, UK retail sales are projected to have risen by [..]

Australia’s employment bonanza could continue in January – Forex News Preview

Posted on February 14, 2018 at 4:10 pm GMT

The Australian labor market recorded an interrupted expansion during 2017, posting the first full year without negative marks since 1988 according to the Australian Bureau of Statistics (ABS). The number of full-time employees rose by 322,000 in 2017, reflecting 80% of the net increase in net employment during the period, while the unemployment rate finished the year at four-year lows. The Bureau now prepares to release its first employment stats since the beginning of the new year on Thursday and it would [..]

US inflation and retail sales set to guide the dollar and equities – Forex News Preview

Posted on February 13, 2018 at 1:00 pm GMT

The US will see the release of CPI and retail sales data for January on Wednesday, at 1330 GMT. Forecasts suggest that inflation is set to slow somewhat, while retail sales excluding automobiles are anticipated to rise at the same pace as previously. These data – and particularly the inflation prints – could play a large role in determining how many times the Fed will raise interest rates this year, and thus may dictate not only the dollar’s short-term bias, [..]

Japanese economy set to extend streak of expansion – implications for BoJ? – Forex News Preview

Posted on February 13, 2018 at 10:40 am GMT

Japanese preliminary Q4 2017 GDP growth figures will be made public on Tuesday at 2350 GMT. Economists expect the world’s third largest economy to post its eighth straight quarter of positive growth. A stronger-than-anticipated pace of growth could refuel market expectations for an exit from ultra-easy monetary policy by the Bank of Japan taking place sooner than earlier thought, boosting the yen versus other currencies. Strong exports – foreign demand for Japanese products fueled by a recovering global economy – [..]

UK inflation to ease below 3.0% in January – Forex News Preview

Posted on February 12, 2018 at 4:57 pm GMT

While the world economy is preparing to welcome higher inflationary pressures under a pro-growth economic landscape, the UK hopes to see inflation falling, easing the pressures on consumers who saw their real incomes narrowing after the Brexit Referendum. On Tuesday, January’s consumer prices (CPI) could bring good news to British consumers as forecasts suggest that inflation will slow down even further. However, the Bank of England (BoE) who eagerly looks for signs to raise interest rates will probably wait to [..]

Week Ahead – US & UK CPI, Australian employment and Japanese growth figures on the horizon

Posted on February 9, 2018 at 3:31 pm GMT

On the face of it, it looks that the upcoming week will lack events of similar magnitude to the one we just experienced – for example, the Bank of England meeting and subsequent press conference by Governor Carney. Still, there are releases that have the capacity to keep investors on edge and lead to notable movements in forex markets: US and UK CPI and retail sales, Australian jobs data, and Japanese GDP figures are among the readings that will be [..]

Canadian jobs report eyed for rate-hike clues – Forex News Preview

Posted on February 8, 2018 at 9:40 am GMT

Canada’s employment data for January are due out on Friday at 1330 GMT and forecasts point to a relatively soft report. That said though, considering the remarkable progress the labor market has posted in recent months, some moderation appears quite normal, and may be of little concern to Bank of Canada (BoC) officials. The Canadian labor market has been on a tear in recent months. In December alone, the unemployment rate declined to 5.7% from 5.9% previously, even as the [..]

Chinese trade & inflation numbers on the horizon; attention on aussie as well – Forex News Preview

Posted on February 7, 2018 at 10:42 am GMT

China will see the release of trade data for the month of January on Thursday, with analysts projecting both exports and imports to grow at a solid pace; the release is tentative, lacking a fixed time of release. Figures on January producer and consumer prices out of the world’s second largest economy will also be attracting attention on Friday. Both PPI and CPI are expected to soften on an annual basis. Before delving into the analysis, it is worthy of [..]

RBNZ set to maintain neutral tone, but could talk down the NZD – Forex News Preview

Posted on February 6, 2018 at 11:48 am GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2000 GMT, and the forecast is for no change in policy. Even though the Bank’s cautiously optimistic bias is unlikely to change drastically amid mixed economic data, policymakers could still express their discomfort with the NZD’s recent surge. A lot has happened in New Zealand since the RBNZ’s last policy meeting in November, and it will be very interesting to see how the Bank interprets [..]

Bank of England could flag early rate hike but UK political risks simmer – Forex News Preview

Posted on February 6, 2018 at 11:04 am GMT

The Bank of England will hold a two-day monetary policy meeting this week – it’s first for 2018 – with the announcement expected on Thursday at 12:00 GMT. The Governor, Mark Carney, gave investors a peek as to what to expect from the Bank on ‘Super Thursday’ during a hearing before the House of Lords Economic Affairs Committee in Parliament last Tuesday. Expectations of a Spring rate rise have been rising since but growing unrest within the Conservative party, which [..]

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