Forex Weekly Forecast 23-27 Dec 2013

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1- USD – Core Durable Goods Orders (MoM) – Tuesday at 13:30 – Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items, a higher reading indicates increased manufacturing activity.

Forecast is  0.7%  – 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.

2- USD – New Home Sales – Tuesday at 15:00 –  New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. Forecast is 448 K.

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.

3- USD – Initial Jobless Claims – Thursday  at 13:30 ; Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week,forecast is 380 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.

All times are GMT

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MARKET DATA

UPCOMING ECONOMIC EVENTS

4 COMMENTS

  1. Positive USD – Core Durable Goods Orders (MoM) – the USD will rise , sell EURUSD & AUDUSD at any rally to the upside , Buy USDJPY on dips…
    waiting for USD – New Home Sales today at 15:00 GMT

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