Forex Weekly Forecast 09-13 Dec 2013

1- GBP – BOE Gov Carney Speaks , Monday 9 Dec at 17:15 ; He  will speak at the Economic Club of New York , as head of the central bank, which controls short-term rates, he has more influence on the value of the country’s currency more than anyone else, his words usually affect the near future of the currency.

2- USD – FOMC Member Bullard Speaks , Monday 9 Dec at 18:05 ; He will speak about economic outlook and monetary policy at the Chartered Financial Analysts Society of St, his words give us clues about future monetary policy.

3- AUD – NAB Business Confidence , Tuesday 10 Dec at 00:30 ; It’s a leading indicator of economic health, It would give us an early signal of future economic activity such as spending, hiring, and investment.

4- GBP – Manufacturing Production m/m , Tuesday 10 Dec at 09:30 ; It’s a leading indicator of economic health ,It measures change in the total inflation-adjusted value of output produced by manufacturers, market usually reacts quickly to ups and downs , forecast is 0.4% , a higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

5- EUR -ECB President Draghi Speaks – Tuesday 10 Dec at 12:00 , As head of the ECB, which controls short term interest rates, he has more influence over the euro’s value than any other person, his words usually affect the near future of the currency.

6- AUD – Employment Change –  Thursday 12 Dec at 00:30 , It measures change in the number of employed people during the previous month,It would give clues  overall economic activity , forecast is 10.3K , 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.

7-  EUR -ECB President Draghi Speaks – Thursday 12 Dec at 8:00 , As head of the ECB, which controls short term interest rates, he has more influence over the euro’s value than any other person, his words usually affect the near future of the currency.

8- USD – Core Retail Sales (MoM) – Thursday 12 Dec at 13:30 , It measures change in the total value of sales at the retail level, excluding automobiles, It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy,forecast is 0.2% , 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.

9- USD – Unemployment Claims -Thursday 12 at 13:30; Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. forecast 321 K , 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.

10 – USD – PPI m/m – Friday 13 Dec at  13:30 ; It’s a leading indicator of consumer inflation, It measures change in the price of finished goods and services sold by producers; forecast is 0.0% , 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.

All times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS