USDNOK

European Open Preview – Risk sentiment sours; OPEC summit front and center

Posted on December 6, 2018 at 8:33 am GMT

Risk appetite crumbles as US arrests Huawei CFO, generating worries of re-escalation in the trade conflict Today, all eyes are on OPEC’s meeting (1200 GMT); expectations for a production cut are elevated Loonie nosedives to a 1½-year low as BoC shifts to a more cautious stance Risk appetite falters on fears of “trade war” re-escalation After a relatively calm Wednesday, risk appetite deteriorated once more during the Asian session on Thursday, following news that the CFO of the Chinese tech [..]

Oil rebounds ahead of OPEC meeting amid hopes for production cuts – Forex News Preview

Posted on December 5, 2018 at 11:17 am GMT

The Organization of Petroleum Exporting Countries (OPEC) and its allies will meet in Vienna on Thursday, and expectations for a production cut to stabilize oil prices are riding high. With investors appearing confident such a reduction will indeed take place, the impact on oil prices may depend mainly on the size of any cut. If producers fail to deliver entirely though, crude prices could well visit fresh lows for the year. OPEC and its allies, most notably Russia, are reportedly [..]

Week Ahead – Central banks and US Q3 GDP in focus; BoC poised to raise rates

Posted on November 1, 2018 at 10:28 am GMT

Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank, only the BoC is anticipated to take action next week. The preliminary reading of third quarter GDP growth in the United States will likely be the most highly awaited release of the week, followed by the October flash PMIs in [..]

Week Ahead – Inflation and flash PMI data to dominate; BoJ to leave policy unchanged

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

Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand will be another highlight. Central bank activity will also keep the markets busy as the Bank of Japan and the Swiss National Bank hold policy [..]

European Open Preview – Hopes for US-China trade negotiations boost sentiment; Brexit talks and key data on the agenda

Posted on August 16, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little over 0.2% on Thursday, pulling back after touching a new 13-month high in the previous session, aided by risk aversion and encouraging US retail sales prints. The Japanese yen is also on the retreat, after news that the US and China will hold another round of trade talks in late August curbed demand for haven assets. STOCKS: Wall Street closed in the red on Wednesday, as [..]

Week Ahead – Pound looks to UK data to halt slide; US retail sales and Aussie jobs coming up too

Posted on August 10, 2018 at 12:51 pm GMT

Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets to decide on rates. Australian employment in focus for the aussie The Australian dollar hit its lowest since January 2017 of 0.7278 this past week, [..]

Special Report – How have major currencies fared so far in 2018, and what lies ahead?

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

Following the completion of the second quarter of the year, the dollar is standing higher against most of its major peers, drawing support from a more hawkish Fed and a US economy firing on all cylinders. Below, we outline how some of the most widely-traded currency pairs have performed thus far in 2018, and what may lie ahead in an environment characterized by trade tensions, political uncertainties, and monetary policy divergences. Euro/dollar – Down, but not out The world’s most [..]

European Open Preview – Dollar reaches new heights; Bank of England at the center of attention

Posted on June 21, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.3% higher on Thursday, touching a fresh high for 2018. Safe-haven currencies such as the yen and the Swiss franc are on the back foot, down by nearly 0.3% and 0.2% respectively against the greenback as trade concerns have moved to the background for now. Commodity-linked currencies like the loonie, aussie, kiwi, are also on the retreat, with the first two trading at one-year lows versus the dollar. [..]

Special Report – Only “Trump risk” left to lift the yen

Posted on June 20, 2018 at 2:33 pm GMT

The yen appreciated by 3.9% versus the US currency in 2017, which marked the worst year for the greenback since 2003. During the first few months of the current year, the Japanese currency managed to build on last year’s positive momentum, in part due to rising market expectations for a Bank of Japan that is getting closer to normalizing policy. Indicatively, the dollar/yen pair touched its lowest since late 2016 of 104.55 on March 26. However, as we’re approaching the [..]

Week Ahead – Central bank theme continues with BoE, SNB; OPEC to discuss output increase

Posted on June 15, 2018 at 1:35 pm GMT

The central bank theme will continue into the coming week as it’s the turn of the Bank of England and the Swiss National Bank to set monetary policy. Oil and energy stocks will also come into focus as OPEC and Russia meet to discuss whether to relax the oil output cap. It will be a quieter week for economic data, however, with Japanese inflation, flash Eurozone PMIs and New Zealand GDP likely to be the main headline grabbers. Loonie to [..]

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