Forex Previews

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RBNZ likely to hold rates in September but signal cuts later in the year – Forex News Preview

Posted on September 23, 2019 at 9:10 am GMT

The Reserve Bank of New Zealand will announce its latest policy decision on Wednesday at 2:00 GMT and, after an aggressive cut at the last meeting, it is expected to stay on hold. Although some central banks have seen rate cut expectations recede somewhat during September, investors haven’t significantly altered their views of the outlook for interest rates in Australia and New Zealand. This has kept the New Zealand dollar in a downward trajectory, with the early September bounce proving [..]

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Eurozone flash PMIs to hold steady, unlikely to knock euro out of range – Forex News Preview

Posted on September 20, 2019 at 1:12 pm GMT

The preliminary readings for the September PMIs are due out of the Eurozone on Monday at 08:00 GMT. The data will be closely watched as there have been some signs that business confidence has started to perk up lately, albeit only moderately. And with the European Central Bank unlikely to turn on the stimulus taps again anytime soon following its contentious decision to restart QE, the euro could easily be buoyed from further improvements in economic sentiment. Is a growth [..]

Week ahead – RBNZ meets, but geopolitics may steal the show

Posted on September 20, 2019 at 12:43 pm GMT

The Reserve Bank of New Zealand (RBNZ) will be the sole major central bank that meets next week, but there’s a flood of economic data to keep traders busy – most importantly the euro area’s preliminary PMIs due on Monday. Beyond these, markets will also keep a close eye on the geopolitical arena as tensions in the Middle East continue to boil, and any serious escalation threatens to impact not only oil prices but global risk appetite too. European PMIs [..]

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Australian jobs data could strengthen the case for more stimulus – Forex News Preview

Posted on September 18, 2019 at 4:11 pm GMT

Asian traders will see the release of the Australian monthly employment report on Thursday at 0130 GMT and expectations are for a gloomy set of figures that may likely raise the odds for another rate cut later in the year. On Tuesday, the minutes of the Reserve Bank of Australia’s September policy meeting reminded markets that the door for further monetary easing remains open as policymakers closely monitor global and domestic economic conditions. Having cut interest rates twice in the summer, the RBA decided to [..]

SNB meeting: Too early to follow in Draghi’s footsteps? – Forex News Preview

Posted on September 18, 2019 at 11:08 am GMT

The Swiss National Bank (SNB) will announce its latest decision at 07:30 GMT on Thursday. For the first time in a long time, investors think this meeting is ‘live’ and assign a ~30% probability for a quarter-point rate cut. That said, the risks seem tilted towards the SNB keeping its rate powder dry for now and simply using FX intervention to prevent the franc from appreciating further, which may lift the Swiss currency on the decision. It is no secret [..]

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New Zealand GDP growth likely slowed in Q2; more rate cuts may be needed – Forex News Preview

Posted on September 18, 2019 at 9:46 am GMT

New Zealand will publish GDP data on Wednesday at 22:45 GMT and expectations are that the economy slowed notably in the second quarter.  The country’s central bank has already embarked on an aggressive rate cutting cycle and the data is likely to do little in paring expectations that additional policy easing will be required. A soft report would make it even more difficult for the New Zealand dollar to fight off bearish bets as the currency moves to the bottom [..]

What to watch out of the UK this week? – Forex News Preview

Posted on September 17, 2019 at 2:10 pm GMT

Unlike its major counterparts, the Bank of England (BoE) is not expected to join the dovish camp on Thursday when it announces its rate decision as the country has more Brexit developments to chew on. And while stable interest rates are better than an unexpected rate cut for the volatile pound, this week’s data out of Britain are not looking very promising, keeping downside risks alive in the market. Investors will also be interested to hear the UK’s Supreme Court’s decision on whether the Prime [..]

Bank of Japan mulls more stimulus; is a surprise on the way? – Forex News Preview

Posted on September 17, 2019 at 12:27 pm GMT

The Bank of Japan will conclude its two-day policy meeting on Thursday, a few hours after the Federal Reserve announces its latest rate review. After the European Central Bank decided to restart its asset purchase program in the past week and the Fed is widely expected to cut rates for the second time this year, pressure is mounting on the BoJ to follow suit. However, fresh policy easing could arrive in Japan sooner than many expect amid reports the Bank [..]

Fed decision: A rate cut with a not-so-dovish spin? – Forex News Preview

Posted on September 17, 2019 at 11:10 am GMT

The Fed is almost certain to slash rates by a quarter-point at 18:00 GMT on Wednesday. With such an action nearly fully priced in already, the market reaction may depend mainly on the rate projections in the new ‘dot plot’ and Chairman Powell’s remarks during the press conference. Considering the more tranquil tone on trade lately and stocks being near record highs, the risks seem tilted towards Powell putting a not-so-dovish spin on any cut, which may help the dollar [..]

Week Ahead – Central banks bonanza awaits: Fed might disappoint, BoJ could surprise, more Brexit blues for BoE

Posted on September 13, 2019 at 1:30 pm GMT

With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four major policy meetings still to come. The Bank of Japan, the Bank of England, the Swiss National Bank, and of course, the Federal Reserve will announce their decisions over the next seven days. Economic data will also make the headlines as Canada, Japan and the United Kingdom publish inflation stats, China releases industrial production and retail [..]

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