Forex Previews

Fed meeting: Justifying the paradigm shift – Forex News Preview

Posted on September 15, 2020 at 2:06 pm GMT

The Fed will conclude its policy meeting at 18:00 GMT Wednesday, ahead of Chairman Powell’s regular press conference half an hour later. The central bank is certain to use this meeting to explain its new inflation-overshooting regime in more detail. What is less certain is whether it will also deliver new measures to lift inflation. Considering the strength of recent data, there’s little urgency to do so. Policymakers can afford to wait until after the US election, which may give [..]

UK jobs and inflation eyed as pound rattled by new Brexit bill – Forex News Preview

Posted on September 14, 2020 at 3:46 pm GMT

The latest jobless numbers will kick off a busy economic week in the United Kingdom on Tuesday, to be followed by inflation data on Wednesday. Things will heat up in the second half of the week with the Bank of England policy meeting and retail sales figures. But before all that, it will be the latest episode in the long-running Brexit drama that will likely catch the pound’s attention. Brexit is back with a bang With the coronavirus pandemic dominating [..]

US inflation data: Keeping the Fed in check – Forex News Preview

Posted on September 9, 2020 at 3:04 pm GMT

The latest CPI numbers out of the US will hit the markets at 12:30 GMT Friday, and forecasts suggest inflation picked up some steam. If that is the case, then market expectations for any Fed easing at next week’s policy meeting might fade entirely, helping euro/dollar to extend its correction lower – especially now that the ECB is actively talking down the euro. In the bigger picture, whether the stock market sell-off continues will be crucial too. ECB: The dollar’s [..]

Loonie waits for Bank of Canada to talk up recovery prospects – Forex News Preview

Posted on September 8, 2020 at 3:09 pm GMT

Following a roughly as expected jobs report, the Canadian dollar will be next waiting for the Bank of Canada’s rate announcement and the short explanation delivered along on Wednesday at 14:00 GMT. However, the event itself may not be exciting as no major adjustments are expected to take place. Perhaps, a speech and a video press conference held by the BoC chief on Thursday at the Canadian Chamber of Commerce could grab greater attention on Friday at 16:30 GMT, triggering [..]

Strong euro, Fed’s inflation shift may compel ECB to take dovish line – Forex News Preview

Posted on September 8, 2020 at 2:02 pm GMT

The European Central Bank will conclude its two-day policy meeting on Thursday, with the announcement due at 11:45 GMT, to be followed by President Lagarde’s press conference at 12:30 GMT. Up until recently, the September meeting was seen as nothing more than an update by the Bank on its pandemic response. But the euro’s flirtation with $1.20 and the Federal Reserve’s adoption of a looser inflation target, not to mention signs that the Eurozone recovery may be stalling, have likely [..]

Week Ahead – ECB meets amid deflation and euro headaches; BoC to stand pat

Posted on September 4, 2020 at 11:07 am GMT

Policy meetings by the European Central Bank and the Bank of Canada will heat up the September central banks schedule in the coming days, adding some excitement to an otherwise uneventful week. Neither central bank is expected to announce any new measures so the focus will be on what policymakers say about the recovery and the outlook. The ECB, in particular, will be one to watch as deflation worries are mounting and a stronger euro could jeopardise an already weakening [..]

Canadian jobs data could add to recovery hopes in Q3 – Forex News Preview

Posted on September 3, 2020 at 12:10 pm GMT

Canadian employment readings will be closely watched on Friday at 12:30 GMT as markets weigh the prospects of Canada recovering faster than the US in the coming quarters. Forecasts suggest a decline in the jobless rate and a softer rise in employment, which could endorse the growing optimism, especially if the numbers come in brighter-than-expected, further fuelling the rally in the loonie. Canada’s fortunes could be better than US’s The loonie scored five consecutive green months against the US dollar but August brought the bulk [..]

Nonfarm payrolls: An asymmetric event? – Forex News Preview

Posted on September 2, 2020 at 2:03 pm GMT

The US employment report for August will be released at 12:30 GMT Friday, and forecasts suggest the economy continued to recover jobs at a healthy clip. For markets though, this data set might present an asymmetric risk, with a negative surprise likely affecting the dollar and equities more than a positive one. In the bigger picture, this data is unlikely to change the ‘dollar-hating, stock-loving’ trend currently at play. Dollar falls from grace There is absolutely no love for the [..]

What might the RBA do next to control the economic squeeze? – Forex News Preview

Posted on August 31, 2020 at 8:06 am GMT

Australia has two key events next week in the agenda. The Reserve Bank is setting its policy on Tuesday at 03:30 GMT, while the next day at 01:30 GMT the Bureau of Statistics is releasing GDP figures for the second quarter. Market analysts are expecting the central bank to stand pat even if the economy potentially shows a steeper contraction in Q2. Yet, whether the aussie will continue its rally may depend on how dovish the statement will be given [..]

What the RBA could do next to control the economic squeeze? – Forex News Preview

Posted on August 28, 2020 at 2:31 pm GMT

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