FXStreet ::: Economic Calendar
MONDAY, FEB 16
The leaders of Europe will meet on Monday and
on the table important subjects might be examined as Greece debt, QE
project... & reports or comments from Europe leaders on that day might
have an impact on EURUSD chart.
Currently EURUSD is on an attempt to correct from the deep support of
1.1, yet what is most important in Europe, is the economy before the Euro
currency strength or weakness & when EURUSD price fell under imp supports
like 1.18 & 1.16 & still holding under those levels... EURUSD will
find hard time attracting serious buyers.
An increase in loans by the Bank of China
might revive the economy & make a positive impact on the Chinese Economy
and the market is expecting an increase from 697B to 1,350B and the impact of
this news might be strength for AUD on charts.
TUESDAY, FEB 17
Comsumer Price Index is a key indicator to measure inflation & a
high number might give strength to GBP & currently GBPUSD is at 1.54
correcting from 1.49 & this news release might have a high impact on
GBPUSD as the market is waiting some hints from UK to increase the correction
or to follow the falling bearish trend.
Zew survey will reflect if a weak Euro is better for Europe economy and
during that number release, market might take a direction especially after Euro-group
meeting, a green number will make EURUSD increase speed in correction and a
red number might let EURUSD fall following the big bearish trend.
Jordan speech might give trust for investors in CHF, yet no matter what
he will say the general sentiment still to avoid CHF, as the last
intervention was beyond what the market can absorb & the trust in CHF
need years to be gain again.
WEDNESDAY, FEB 18
Boj conference might give us hints what next on USDJPY & the
Japanese economy still need a weaker JPY and on that meeting we might get
some justifications for a weaker JPY during 2015
After a glory journey of strength for USD, FOMC minutes might reflect a
strong economy in the US and might start a new chapter for US Dollar strength.
THURSDAY, FEB 19
Market is expecting a low confidence consumer number from Europe &
that might give EURUSD a reason to start falling again following the big
bearish trend which started from 1.39 Resistance level.
If PFM survey reflected an increase in manufacturing sector, that might
give strength for USD and might push the market down to test new supports on
that day.
FRIDAY, FEB 20
Retail sales number will reflect the consumer confidence in Canada &
with a decrease in CAD value lately versus the US Dollar consumer confidence
in Canada might be harmed & this news release might push USDCAD on a
bullish wave.
The manufacturing purchasing managers index if above 50 will reflect an
expanding in US economy and this news release if came in green might give
strength to USD and push the market down especially EURUSD to retest imp
supports.
Happy Trading,
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