MONDAY, May 11 The Week Ahead - May 11 2015

FXStreet ::: ECONOMIC CALENDAR  MONDAY, May 11 The Week Ahead - May 11 2015 MONDAY, MAY 11 GBP ::: BoE Asset Purchase Facility GBP ::: BoE Interest Rate Decision The Market is expecting BoE interest rate decision to stay at 0.5% & currently GBPUSD is at 1.54 & might continue climbing with steady steps up toward 1.58... As much 1.50 imp support hold GBPUSD is strongly bullish.  TUESDAY, MAY 12 GBP ::: NIESR GDP Estimate (3M) (Apr) As much 1.50 imp support hold GBPUSD is strongly bullish.  WEDNESDAY, MAY 13 EUR ::: Gross Domestic Product s.a (QoQ) (Q1) EUR ::: Gross Domestic Product s.a. (YoY) (Q1) EURUSD is currently at 1.11 & if GDP number came in green EURUSD price might continue pushing up & next resistance level for EURUSD might be 1.14  GBP ::: BOE's Governor Carney speech GBP ::: Bank of England Quarterly Inflation Report  As much 1.50 imp support hold GBPUSD is strongly bullish.  EUR ::: ECB Monetary Policy Meeting Accounts  USD ::: Retail Sales ex Autos (MoM) (Apr) USD ::: Retail Sales (MoM) (Apr) Green numbers from US might make the market correct, where if we got red numbers then the US Dollar might give strength to other majors & it's when we might see clearly on our chart the trend switch direction increasing as bullish on EURUSD & GBPUSD charts.  FRIDAY, MAY 15 JPY ::: Bank of Japan Governor Kuroda Speech Currently USDJPY is holding next to 120.00 level & during this speech we might hear justifications for USDJPY to start its new jump up toward 125.00 resistance level.  Happy Trading,

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The Week Ahead - Monday May 04 2015

FXStreet ::: ECONOMIC CALENDAR  MONDAY, May 04 The Week Ahead - Monday May 04 2015 TUESDAY, MAY 05 AUD ::: RBA Interest Rate Decision AUD ::: RBA Rate Statement AUDUSD last week managed to reach the important level 0.8050, which showed us that the buyers are starting to switch sentiment from bearish to bullish. The market is expecting a decrease for RBA interest rate decision from 2.25% to 2.00% in case that happened we might see a wave of 150 or 200 pips on AUDUSD chart.  USD ::: ISM Non-Manufacturing PMI (Apr) The market is expecting a decrease on this survey release from 56.5 to 56.2, & in case that happen the US Dollar might become weak during the hours which will follow this news release.  WEDNESDAY, MAY 06 NZD ::: Unemployment Rate (Q1) The market is expecting a decrease from 1.2% to 0.8% & in case that happened NZDUSD might fall & currently its on 0.7538 level & this news event might let it fall 100 pips.  THURSDAY, MAY 07 GBP ::: Parliamentary Election GBPUSD did fall last week from 1.54 to 1.51, & during the first 3 days of that week before the election day GBPUSD might get strength & push up on an attempt to retest 1.54 resistance level.  AUD ::: Employment Change s.a. (Mar) AUD ::: Unemployment Rate s.a. (Mar)  The market is expecting an increase in unemployment number & in case that happened AUDUSD might fall during this news event.  FRIDAY, MAY 08 AUD ::: RBA Monetary Policy Statement  USD ::: Unemployment Rate (Apr) USD ::: Nonfarm Payrolls (Apr) The market is expecting an increase from 126K to 231K & in case that happened might be good for the US Dollar & majors might fall on that day versus the strength of the US Dollar.  CAD ::: Net Change in Employment (Apr) CAD ::: Unemployment Rate (Apr) USDCAD did correct from 1.27 to 1.21 during the last 4 months & it have space to jump up in case the US Dollar gain strength from a green NFP number & if Unemployment Rate number from Canada came in red, the last number was 6.8%.  Happy Trading,

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The Week Ahead - April 27 2015

FXStreet ::: ECONOMICCALENDAR  MONDAY, APR 27 The Week Ahead - April 27 2015 TUESDAY, APR 28 AUD ::: RBA's Governor Glenn Stevens Speech AUDUSD starting the week at 0.78 & RBA Gov Glenn speech, might give strength for AUDUSD & it might continue pushing up toward reaching the important level 0.805  WEDNESDAY, APR 29 USD ::: Gross Domestic Product Annualized (Q1) USD ::: Fed Interest Rate Decision The Market is expecting the Fed interest rate decision to stay the same at 0.25%, & during the last 2 weeks the US Dollar been decreasing its strength letting the market correct after a long wait, & during this event, prices might continue to correct up against the US Dollar.   THURSDAY, APR 30 NZD ::: Monetary Policy Statement NZD ::: RBNZ Interest Rate Decision The market is expecting the interest rate decision to stay the same at 3.5% & currently NZDUSD is at 0.75 looking toward retesting 0.78 resistance level. JPY ::: BoJ Monetary Policy Statement JPY ::: BoJ Interest Rate Decision Currently USDJPY is at 118.9 & this event might be its opportunity to revive the bullish momentum & again to start pushing toward 120.00 resistance level.  EUR ::: Unemployment Change (Apr) EUR ::: Unemployment Rate s.a. (Apr) EUR ::: Consumer Price Index (YoY) (Apr) EUR ::: Consumer Price Index - Core (YoY) (Apr) The market is expecting green numbers & in case that happen EURUSD might push above 1.1 resistance level & currently EURUSD is at 1.08 level.  Happy Trading,

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MONDAY, APR 20 The Week Ahead - April 20 2015

FXStreet ::: Economic Calendar MONDAY, APR 20 The Week Ahead - April 20 2015 MONDAY, APR 20 NZD ::: Consumer Price Index (YoY) (Q1) The Market is expecting a stable number as previous & on daily chart NZDUSD passed last Friday resis level 0.7695 & in case we got a green number for CPI we might see the price jumping above that resis level & hold above it.  CAD ::: BoC Governor Poloz Speech  In a time when USDCAD is building resis levels from top & each one is under the previous one, the last strong resis on daily chart is at 1.2668 level... BoC Gov speech might give the push needed for USDCAD to correct more.  AUD ::: RBA's Governor Glenn Stevens Speech  AUDUSD on daily chart built a strong support at 0.7530 & currently the price is at 0.7770 & the RBA Gov speech might give us hints if AUDUSD might continue the correction up or if the general RBA sentiment still more weakness for AUD during the next months.  TUESDAY, APR 21 AUD ::: RBA Meeting's Minutes  Also this event from RBA might give us hints what next on AUDUSD chart for the next months.  WEDNESDAY, APR 22 AUD ::: RBA trimmed mean CPI (QoQ) (Q1) AUD ::: Consumer Price Index (YoY) (Q2) The Market is expecting a red number for CPI & in case that happened we might see AUDUSD retesting imp support levels.  GBP ::: BOE MPC Vote Hike GBP ::: BOE MPC Vote Cut GBP ::: BOE MPC Vote Unchanged The Market is expecting that all the votes will be to hold rates, same as the previous vote & the last vote was in Mar 18 2015 & currently GBPUSD is trying to hold above 1.50 psycho level & in case it manage to hold above that level for a long time it might attract more buyers & in case it fail to hold & dive toward 1.49 again, then it might attract more sellers.   FRIDAY, APR 24 EUR ::: Eurogroup meeting EURUSD is currently correcting after building a strong support at 1.04 & price is at 1.08... EURUSD did tested the res level of 1.11 till now 2 times & in case it manage to reach it again & to hold above it... then we might see a serious correction which will attract more buyers.  USD ::: Durable Goods Orders ex Transportation (Mar) USD ::: Durable Goods Orders (Mar) The Market is expecting a green number & in case that happened during the last day of this week, the US Dollar might push all majors down & let them retest imp support levels.  Happy Trading,

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The Week Ahead - April 13 2015

FXStreet ::: Economic Calendar The Week Ahead - April 13 2015 TUESDAY, APR 14 USD ::: Retail Sales ex Autos (MoM) (Mar) USD ::: Retail Sales (MoM) (Mar) The market is expecting a green number & In case that happen the US Dollar might get strength on that day & majors versus the US Dollar might retest imp levels.  WEDNESDAY, APR 15 CNY ::: Gross Domestic Product (QoQ) (Q1) CNY ::: Gross Domestic Product (YoY) (Q1) The market is expecting a decrease in China GDP & in case that happen it might be translated as more weakness for the Australian currency.   JPY :::  Bank of Japan Governor Kuroda Speech EUR ::: ECB Interest Rate Decision EUR ::: ECB Monetary policy statement and press conference  The market is expecting the ECB to keep interest rate at 0.05% & during this event we might see some price actions on EURUSD chart.  CAD ::: BOC Rate Statement CAD ::: BoC Interest Rate Decision CAD ::: Bank of Canada Monetary Policy Report CAD ::: BoC Press Conference  The market is expecting the BoC to keep interest rate at 0.75% & during this event we might see some price actions on USDCAD chart.  THURSDAY, APR 16 AUD ::: Unemployment Rate s.a. (Mar) AUD ::: Participation Rate (Mar) AUD ::: Employment Change s.a. (Mar) AUD ::: Fulltime employment (Mar) AUD ::: Part-time employment (Mar) The market is expecting a red number for Employment change from Australia & in case that happen might be translated more weakness for the Australian currency.  FRIDAY, APR 17 CHF ::: Real Retail Sales (YoY) (Feb) USD ::: Consumer Price Index (YoY) (Mar) USD ::: Consumer Price Index Ex Food & Energy (YoY) (Mar) The market is expecting a stable number for US CPI & in case that happened we might see on charts weakness for the US Dollar.  CAD ::: Consumer Price Index (YoY) (Mar) CAD ::: Bank of Canada Consumer Price Index Core (YoY) (Mar) The market is expecting a red number for the Canadian CPI & in case that happen USDCAD might fly up testing imp resistance levels.  Happy Trading,

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The Week Ahead - April 6 2015

FXStreet ::: Economic Calendar The Week Ahead - April 6 2015 TUESDAY, APR 07 AUD ::: RBA Rate Statement AUD ::: RBA Interest Rate Decision The US Dollar got weakened last Friday & RBA hold the power this week to switch the direction of AUDUSD from bearish to bullish if there is a will to give strength for AUD. RBA interest rate decision is an event which can give the wave needed for AUDUSD to get close to 0.805 resistance important level. In case RBA want to keep the AUDUSD bearish then the market might dive and retest supports during this event.  EUR ::: Markit Services PMI (Mar) The purchasing managers index from Europe will reflect how the economy is adjusting with a weak Euro, in case the number came in green then EURUSD might keep on advancing up profiting from a weak US Dollar.  WEDNESDAY, APR 08 JPY ::: BoJ Press Conference JPY ::: BoJ Monetary Policy Statement Last Friday USDJPY went to 118 again after the US Dollar got weak, & BOJ have the power this week to revive the big plan of weakening the JPY for export reasons & we might see during this event USDJPY retesting 120.00 resistance. In case USDJPY started a long term correction we might see during this event USDJPY price moving side way resisting the bearish momentum.  USD ::: FOMC Minutes US Dollar started last Friday the bearish journey to revive export for US companies, & during this event we might get some hints regarding the correction of the US Dollar if it might happen very fast or it might be delayed again another month. On EURUSD chart we can notice that EURUSD is showing serious signs of a correction up as a reaction for the US Dollar weakness.   THURSDAY, APR 09 GBP ::: BoE Asset Purchase Facility (Mar) GBP ::: BoE Interest Rate Decision (Apr 8) GBPUSD reached last Friday 1.49 & might keep on advancing during this week up & on BoE interest rate decision GBPUSD might get the push needed to strongly hold above psycho level 1.50 . On the other hand if the BoE want to push GBPUSD more down for export reasons we might see GBPUSD retesting supports during this news event.   FRIDAY, APR 10 CHF ::: Unemployment Rate s.a (MoM) (Mar) CAD ::: Net Change in Employment (Mar) CAD ::: Unemployment Rate (Mar) USDCAD is currently correcting from last resistance level 1.28 & right now at 1.24 & if news came in green from Canada it's expected that USDCAD might continue the correcting momentum by going more down. On the other hand in case the news came in red then USDCAD might retest resistance levels.  GBP ::: NIESR GDP Estimate (3M) (Mar) GDP news release if came in green might give GBPUSD the energy needed to start a long term bullish wave. On the other hand if the number came in red then GBPUSD might dive and retest supports.  Happy Trading,

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Economic Calendar - The Week Ahead - Feb 16 2015

FXStreet ::: Economic Calendar The Week Ahead - Feb 16 2015 MONDAY, FEB 16 EUR ::: Eurogroup meeting 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.  CNY ::: New Loans (Jan) 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 GBP ::: Consumer Price Index (YoY) (Jan) 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.  EUR ::: ZEW Survey - Economic Sentiment (Feb) 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.  CHF ::: SNB Chairman Jordan Speech 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 JPY ::: BoJ Press Conference 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  GBP ::: BOE MPC Vote Cut USD ::: FOMC Minutes 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 EUR ::: Consumer Confidence (Feb) 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.  USD ::: Philadelphia Fed Manufacturing Survey (Feb) 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 CAD ::: Retail Sales (MoM) (Dec) 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.  USD ::: Markit Manufacturing PMI (Feb) 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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