Forex Previews

Week Ahead – Flash PMIs, FOMC and ECB minutes, and UK budget among highlights in muted Thanksgiving week

Posted on November 17, 2017 at 2:22 pm GMT

With few exciting data releases on the calendar next week, attention will likely drift to central bank speeches and meeting minutes, developments on the US tax reform front and the UK Autumn budget. RBA, ECB and Fed publish their minutes Three central banks will release the minutes of their recent monetary policy meetings: the Reserve Bank of Australia, the European Central Bank and the Federal Reserve. The RBA is up first on Tuesday with the minutes of its November 7 [..]

Aussie again on spotlight as employment figures eyed – Forex News Preview

Posted on November 15, 2017 at 4:23 pm GMT

Following a disappointing report on Australian wage growth on Wednesday, the Australian Bureau of Statistics is due to give an outline on the state of the labor market at 0030GMT on Thursday. Unlike wage forecasts which projected a rise in earnings, analysts anticipate the economy to create fewer jobs in October, maintaining the unemployment and participation rates steady at their previous levels. If the numbers fail to meet expectations or otherwise fail to impress, then the aussie could get another shake tomorrow as a slow-growing jobs market would keep wage growth subdued for longer, harming household spending [..]

October’s UK retail sales could feed pound bears – Forex News Preview

Posted on November 15, 2017 at 12:28 pm GMT

Inflation readings on Tuesday suggested that British pockets will remain squeezed ahead of the Christmas shopping season, as consumer prices continued growing steadily by 3.0% in October, potentially flagging another disappointing month for retailers. With Brexit negotiations trapped in a deadlock and British real wage growth showing no signs of a significant rise, annual retail sales in October are expected to post a negative performance on Thursday, reducing the odds of another interest rate hike this year and therefore deteriorating the outlook for the British [..]

US inflation expected to ease as Fed preps to raise rates again – Forex News Preview

Posted on November 14, 2017 at 12:14 pm GMT

A run of strong economic indicators in the United States in recent weeks has left investors in no doubt that the Federal Reserve is on track to raise interest rates for a third time this year at its December policy meeting. Inflation data due on Wednesday is unlikely to shift those expectations much even if the figures were to cast some further doubt that price pressures are still nowhere to be found in the US economy. As the American economy [..]

Japanese economy expected to have grown for seventh straight quarter in Q3 but at slower pace – Forex News Preview

Posted on November 14, 2017 at 11:21 am GMT

Japanese third quarter GDP figures are due on Tuesday, November 14 at 2350 GMT. Quarter-on-quarter, the economy is expected to have grown by 0.3%, while on an annualized basis, economic activity is projected to have expanded by 1.3%. Should the figures come out as anticipated, then they would reflect a slowdown relative to the second quarter’s 0.6% q/q and 2.5% annualized expansion. However, they would also mark the seventh consecutive quarter of positive economic growth, the longest such stretch since the period between Q2 [..]

UK inflation spike could put Carney’s hand on paper and push pound higher – Forex News Preview

Posted on November 13, 2017 at 4:07 pm GMT

Following encouraging evidence on Britain’s industrial output on Friday, the upcoming data on consumer prices on Tuesday are expected to show that British inflation continues to grow above the BOE’s target and likely pushing the pound higher. However, inflation drivers are not demand-led but a result of exchange rate weakness, challenging the BOE Governor, Mark Carney, who will be forced to write a letter to the chancellor, Philip Hammond, in case readings appear higher than the upper band of 3.0%, [..]

Week Ahead – Inflation, jobs and retail sales in focus; Japanese GDP also eyed

Posted on November 10, 2017 at 2:38 pm GMT

Economic data will move to the forefront next week as the focus moves away from central bank meetings to price, employment and consumer spending indicators. Canada, the Eurozone, the UK and the US all release CPI numbers. Jobs reports are due from Australia and the UK, and retail sales figures will be published in China, the UK and the US. GDP data will also attract attention as investors get the first glimpse of third quarter economic performance in Japan. Australian [..]

Forex News – Preview – RBNZ unlikely to reflect a shift in policy; potential dovish interpretation for dual mandate

Posted on November 7, 2017 at 2:51 pm GMT

The Reserve Bank of Zealand will tomorrow complete its meeting on monetary policy with the interest rate decision and monetary policy statement due at 2000 GMT. New Zealand’s central bank is not expected to deliver a significant shift in monetary policy, maintaining its official cash rate at the record low of 1.75%. Tomorrow’s meeting will also be the first with new Acting Governor Grant Spencer, who was assigned the role temporarily as the timing of the appointment coincided with the [..]

Forex News – Preview – RBA meets as aussie retreats; new forecasts eyed

Posted on November 3, 2017 at 4:19 pm GMT

The Reserve Bank of Australia is due to announce its latest policy decision on Tuesday amid a mixed outlook for the economy. Australia’s central bank is almost certain to hold rates unchanged at 1.5% following disappointing inflation and retail sales numbers for the third quarter. Rising household debt has been holding back consumer spending, with anaemic wage growth further restraining households’ spending power. Like in most other advanced economies, a tightening labour market in Australia has done little in lifting [..]

Week Ahead – RBA and RBNZ meetings to headline quiet week

Posted on November 3, 2017 at 2:44 pm GMT

The central bank theme will continue for a third week following the past fortnight’s policy meetings by the ECB, Bank of Japan, Fed and the Bank of England. This time, it will be the turn of the Reserve Bank of Australia and the Reserve Bank of New Zealand. Data-wise, the main focus will be on trade and industrial output figures from China, France, Germany, and the United Kingdom, as well as Chinese inflation numbers. Industrial output and trade data to [..]

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