Forex News, Page

Christine Lagarde, the new head of the European Central Bank, has announced a comprehensive review of ECB of its monetary policy. The review is scheduled to take one year, and Lagarde has said that she will be listening carefully as she attempts to modernize the ECB.

Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?

The Bank of Canada and the Loonie are in focus, with economic data on the lighter side elsewhere…

The U.S-China trade war has dampened the Australian economy, as China is a key trading partner for Australia. The Phase One trade accord could weigh on the Australian dollar, as a Chinese commitment to purchase more U.S. goods could come at the expense of Australian exports.

More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.

The World Economic Forum, a high-profile gathering of business and political leaders, will convene in Davos, Switzerland this week. President Trump will attend, and hot topics on the agenda include Iran, climate change and digital currencies.

The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.

The Aussie and Kiwi were also underpinned by the inking of the trade deal, but domestic economic concerns limited gains as well as increasing chances of central bank rate cuts. Demand for higher-yielding assets drove the Japanese Yen lower.

UK retail sales figures and a busy U.S calendar put the GBP and USD in focus.

One-month implied volatility in the Euro/Franc Forex pair climbed to its highest level in nearly two months on Wednesday, up by as much as 11 basis points to 4.27%, according to Bloomberg. 

Economic data from the U.S will be in focus later today, with stats out of the Eurozone on the lighter side.

It’s a busy day ahead, with inflation figures out of the UK and the phase 1 trade agreement signing in focus today.

China’s trade surplus widens ahead of tomorrow’s signing. It remains to be seen whether the numbers will catch the President’s eye…

The Pound is in focus today, with key stats to influence sentiment towards BoE monetary policy. Brexit will also be in focus on the day.

It’s nonfarm payrolls. With little else for the markets to consider on the data front, expectations are high…

Risk appetite returns, with focus shifting to economic data out of the Eurozone and Brexit later in the day.

Attacks on bases across Iraq in the early hours drove demand for the safe havens. Stats are likely to be brushed aside throughout the day…

Economic data from the U.S and Canada will influence, though there will be continued caution as Iran holds back from any immediate retaliation.

The RBA said the main drag on the economy from a stronger currency would be the impact on international trade, making Australian exports less competitive while simultaneously lowering the cost for imports.

Economic data will have some influence, particularly on the EUR, which has eased back. Economic data suggests that the ECB’s optimism came too early…