Daily Fundamental Forecast Dec 11 2014

Because we are close of holidays , and  lack of critical data ,the US dollar has lost some of its upside momentum this week  , Tomorrow ” Thursday” is full of critical data which may give us a clue about the next move for the USD , any way watch out , the USD may resume its upside momentum tomorrow or the day after tomorrow , let’s take a quick look at the most critical events which may influence currency market tomorrow :

  • RBNZ Gov Wheeler Speaks at 00:10 .The Governor of the Reserve Bank is responsible for New Zealand’s currency and operating monetary policy. Volatility is expected.
  • Australian Employment Change (Nov) at 00:30 . last read 24.1K , forecast 12.4K. Market impact :A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
  • German CPI (MoM) (Nov) at 07:00. last read is 0.0% ,forecast 0.0% . Market impact : A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • French CPI (MoM) (Nov) at 07:45 . last read 0.0%,forecast 0.2% . Market impact :A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • SNB Chairman Thomas Jordan speaks at 08:30 . As acting head of the SNB Governing Board, which sets short term interest rates.His comments may determine a short-term positive or negative trend. volatility is expected.
  • BoC Gov Poloz Speaks at 13:00 . volatility is expected.
  • US Initial Jobless Claims at 13:30 . last read 297K , forecast 299K . Market impact : A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
  •  US Retail Sales (MoM) (Nov) at 13.:30. last read 0.3% , forecast 0.4% .Market impact : A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • Canadian New Housing Price Index (MoM) (Oct) at 13:30 . last read 0.1% , forecast 0.1% . Market impact :A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

*All times are GMT..

 

MARKET DATA

UPCOMING ECONOMIC EVENTS