New Zealand is expected to report a drop of 1% first-quarter economic output. Upbeat Australian figures imply a better outcome. NZD/USD has room to rise, but the reaction also depends on the market movement. New Zealand has been a success story in combating coronavirus – passing 24 days without new cases until two popped up … “New Zealand GDP Preview: Room for a positive surprise, NZD/USD may advance, pending market mood”
Category: Opinions
UK Inflation Preview: Sterling needs Goldilocks CPI to rise ahead of the BOE
UK inflation has likely extended its fall to 0.5% yearly in May. Coming 24 hours ahead of the BOE, the size of QE and tone on negative rates may move. GBP/USD is sensitive to any developments amid ongoing Brexit and coronavirus uncertainty. The rush to buy toilet paper is over – and even the bounce … “UK Inflation Preview: Sterling needs Goldilocks CPI to rise ahead of the BOE”
GBP/USD Weekly Forecast: Will Bailey bail out the pound after Powell’s punch? Brexit, coronavirus eyed
GBP/USD has climbed down from the peak following the Fed’s pessimism. The Bank of England’s rate decision, Brexit, and coronavirus developments are eyed. Mid-June’s daily chart is showing a mixed picture. The FX Poll is pointing to a short-term correction and a fall afterward. Has cable begun its climbdown? The Fed’s commitment to low rates, … “GBP/USD Weekly Forecast: Will Bailey bail out the pound after Powell’s punch? Brexit, coronavirus eyed”
AUD/USD Weekly Forecast: Finally turning down under? Australian jobs, US coronavirus data eyed
AUD/USD tumbled down as the market mood soured on several fronts. Australia’s jobs report, US coronavirus figures, and Chinese data are eyed. Mid-June’s daily chart is painting a bullish picture. The FX Poll is pointing to short term gains before a downfall afterward. The tables have turned – a mix of Fed pessimism, rising US … “AUD/USD Weekly Forecast: Finally turning down under? Australian jobs, US coronavirus data eyed”
UK GDP Preview: A 20% plunge could serve as a third blow to sterling, three scenarios
Economists estimate that the UK economy has lost 18.4% of its output in April. Data for the first full month of lockdown may provide certainty, but also gloom. Concerns about coronavirus and Brexit may be compounded by GDP figures. How are you coping with the lockdown? That is often the first question asked when Brits … “UK GDP Preview: A 20% plunge could serve as a third blow to sterling, three scenarios”
Fed Preview: Fear fueling a greenback comeback or another dollar downer? Five things to watch
The Federal Reserve is set to leave its rates unchanged in June. The first growth and employment forecasts since December will be of high interest. Chair Powell’s comments on supporting the economy, stocks, rates, and fiscal stimulus will likely rock markets. Stocks up, dollar down – that has been the recurring story on most days … “Fed Preview: Fear fueling a greenback comeback or another dollar downer? Five things to watch”
NFP: Shocker surge in jobs may trigger a much needed dollar bounce, regardless of stocks
The US gained 2.509 million jobs in May, beating all estimates, lowering the chances for further Fed support. Government support may be behind the move. The urge for the Federal Reserve to act is lower and may strengthen the dollar. Shocker – but a positive one – America is getting back to work, or at … “NFP: Shocker surge in jobs may trigger a much needed dollar bounce, regardless of stocks”
AUD/USD depends on relations with China
AUD/USD has hit new highs over vaccine hopes but lost ground amid geopolitical concerns. Sino-American relations, China’s rate decision, the RBA’s minutes, and coronavirus statistics stand out. Late May’s daily chart is painting a mildly bullish picture for the pair. The FX Poll is pointing to the downside. Worsening relations between China with both the … “AUD/USD depends on relations with China”
AUD/USD: More upside? Global gloom could overwhelm even robust Australian figures
AUD/USD has held up yet failed to reach new highs amid global concerns. Sino-American relations, Australia’s jobs report and US retail sales stand out. Mid-May’s daily chart is showing bears are gaining ground. The FX Poll is pointing to falls on all timeframes, yet with upgraded targets. The Australian dollar benefited from the encouraging coronavirus … “AUD/USD: More upside? Global gloom could overwhelm even robust Australian figures”
AUD/USD : Defeating coronavirus may be insuficient, RBA, NFP eyed
AUD/USD has been extending its uptrend as Australia is winning against coronavirus. The RBA decision, US Non-Farm Payrolls, and the next steps regarding lockdowns are eyed. Early May’s daily chart is showing an uptrend channel. The FX Poll points to falls in the medium and long-terms. The Aussie has continued flying like a rugby ball – … “AUD/USD : Defeating coronavirus may be insuficient, RBA, NFP eyed”