Forex Previews

Week ahead – RBNZ meets, trade talks resume, and more Brexit in store

Posted on March 22, 2019 at 2:31 pm GMT

After a hectic week that saw the Fed officially abandon its rate-hike plans for this year and several developments in the Brexit saga, things could quiet down a little. The only major central bank to meet next week will be the Reserve Bank of New Zealand (RBNZ), while in the political arena, all eyes will remain on the UK as another Brexit vote could be held in Parliament. On the trade front, high-level talks will resume in Beijing. Brexit squarely [..]

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Canadian inflation and retail sales next to move the loonie – Forex News Preview

Posted on March 21, 2019 at 6:24 pm GMT

Following softer GDP growth prints and a more cautious monetary policy meeting by the Bank of Canada earlier this month, CPI inflation readings for the month of February will be next in line to drive the loonie on Friday at 1230 GMT. During the month, consumer prices are said to have risen faster than previously but year-on-year inflation is expected to have stalled, giving another reason for the central bank to stay on the sidelines amid an increasingly uncertain future. [..]

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Eurozone PMIs could dictate euro’s near-term path – Forex News Preview

Posted on March 21, 2019 at 2:15 pm GMT

The Eurozone will be on the receiving end of preliminary PMIs for March on Friday, at 09:00 GMT. Economic growth has slowed drastically lately, leading the ECB to redeploy its ‘shock and awe’ tactics, and push back the timing of its first planned rate increase. Against this backdrop, these data could prove crucial for the euro, as they will provide an early glimpse of how the bloc’s economy ended Q1. The euro area lost considerable momentum in recent quarters, with [..]

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Australian jobs data to drive odds for more stimulus – Forex News Preview

Posted on March 20, 2019 at 3:52 pm GMT

Australian employment figures will be carefully watched on Thursday at 0030 GMT as the central bank keeps relying on a tighter labor market to cushion the damage from a tumbling housing market. The consensus however is for slower jobs growth in February and a steady unemployment rate, a piece of evidence that monetary stimulus might still be necessary to support the economy. The Australian Bureau of Statistics is expected to reveal that the number of employees during the previous month increased softly by 14k compared [..]

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New Zealand’s GDP next for the kiwi as RBNZ meeting nears – Forex News Preview

Posted on March 20, 2019 at 1:51 pm GMT

The next focal point for the kiwi dollar will be New Zealand’s GDP for Q4, due out on Wednesday at 21:45 GMT. Forecasts point to a pickup in growth, but even if that projection is met, it would still fall short of the RBNZ’s own forecasts. In isolation, this would argue for a slightly more cautious tone when the central bank meets again next week, which represents a risk for the kiwi. Economic growth is forecast to have picked up [..]

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SNB: Staying dovish, preventing franc strength – Forex News Preview

Posted on March 19, 2019 at 3:18 pm GMT

The Swiss National Bank (SNB) is expected to keep its policy rates unchanged at the lowest level globally when it announces its decision on Thursday, at 0830 GMT. Domestic data are lackluster, Switzerland’s main export markets are slowing, and most importantly, the ECB turned dovish lately. Combined, these imply the SNB will probably retain an ultra-dovish tone. While such signals would argue for a slow grind lower in the franc, any risk-off global incident could trigger episodes of sudden appreciation [..]

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Fed to clarify how patient it could get with rate hikes – Forex News Preview

Posted on March 19, 2019 at 12:44 pm GMT

The Federal Open Market Committee (FOMC) has two main things to clarify at the end of its two-day policy meeting on Wednesday at 1800 GMT. First is the course of rate hikes that the central bank hinted it will pause until later this year. Then is the size of the balance sheet and particularly policymakers’ willingness to continue winding down asset holdings at a time when risks to the global economy are skewed to the downside. New economic projections released on the same day could reflect the [..]

BoE decision, potential Brexit vote, and key UK data to drive sterling – Forex News Preview

Posted on March 18, 2019 at 3:25 pm GMT

It will be an action-packed week for the British pound. The UK Parliament could vote on PM May’s deal for a third time, the Bank of England (BoE) will announce its decision on Thursday, while key economic data will be released throughout the week. As always, politics will probably dominate economics in driving sterling. While the ultimate destination for the currency may be higher from here, the absence of any clarity over what happens next in Brexit suggests that a [..]

Week ahead – Fed, BoE, and SNB policy meetings highlight a packed agenda

Posted on March 15, 2019 at 1:18 pm GMT

Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even more Brexit votes in the British Parliament. At the same time, almost every major economy will see the release of data that could be decisive for their respective currencies, particularly considering the synchronized shift by central banks towards a more ‘cautious’ stance lately. Fed decides: All eyes on the new ‘dots’ Arguably the main event in [..]

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Chinese industrial output and retail sales to move markets in Asian session – Forex News Preview

Posted on March 13, 2019 at 3:59 pm GMT

After a small improvement in December, China’s retail sales and industrial production figures are forecast to arrive softer on Thursday at 0200 GMT. Investors would probably read the data with caution as the Lunar New Year holidays may have disrupted business activities during that period. Still, the months-long US-Sino trade war will more likely receive some blames as well, thanks to its negative impact on the country’s economic health. Separately, fixed investments in urban areas are projected to tick higher. According to forecasts, industrial [..]

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