Is The Trend Still Your Friend

The U.K. economy has (arguably) held up well to the potential negative impact of Brexit. The current YoY growth figure is 1.5% and whilst it’s a fall from the figures of between 2.7%-2.0% that the country was reporting in 2015/2016, the economic Armageddon many predicted after the referendum vote, hasn’t materialized. However, with the clock […]

The latest Japanese QoQ (Q4) GDP figure is published on Tuesday and the prediction is for a significant fall to be revealed, from 2.5% to 0.9%. If this forecast is met then investors may conclude that the celebrations regarding the apparent success of Abenomics, were premature. Yen may come under pressure if investors then quickly

In a week packed with high impact economic data releases, France and the Eurozone deliver their latest GDP figures on Tuesday, the expectation is for both to remain unchanged, whilst the main inflation reading (CPI) for the Eurozone is also expected to remain unchanged at 1.4%. The latest USA confidence reading will be revealed, in

The ECB will reveal its latest decision with regards to interest rates, the key rate is at 0.00% and there is no expectation for a rise. However, the accompanying narrative from ECB president Mario Draghi will be carefully monitored, given recent protestations from various ECB officials suggesting that; the value of the euro is too

As we enter the last weeks of the trading year, three leading central banks will reveal their last 2017 decisions, on interest rates and other monetary policy issues, next week. Both European banks; the ECB and the Bank of England are forecast to keep rates on hold; the U.K. bank at 0.5% and the ECB

Australia’s central bank will reveal its latest interest rate decision on Tuesday, with opinion finely balanced with regards to a rise or reduction, this economic calendar release will be closely monitored, as will be any accompanying, forward guidance explanation from the RBA, regarding their monetary policy. The Aussie dollar has sold off sharply versus the

With the FOMC due to meet in December, to decide on the next interest rate move for the USA economy, many FX traders and analysts will focus on the latest USA GDP figure when published on Wednesday. The Fed chairs may feel emboldened to begin a hawkish monetary policy in 2018, should GDP (annualised) come

With the U.K. chancellor due to deliver his budgetary autumn statement to the Houses of Parliament on Wednesday, we can expect sterling to rise and fall during the delivery of his statement. This speech is preceded by various U.K. governmental debt and borrowing figures published on Tuesday, which may also cause price action in sterling.

The main focus over the coming week involves the GDPs and CPIs of several leading economies being published, whilst unemployment, employment and annual wage rise data will also have significance. Tuesday appears to be the key day for FX traders to remain focused and highly vigilant. Germany’s, Italy’s and the wider Eurozone’s GDP readings will