Forex Weekly Forecast Apr 20 2015

forex11 eb5qij min
forex11 eb5qij min

This week  , the US dollar suffers from bad data , as a result we have seen a corrective pullback .The USD Index which measures the performance of the US Dollar against a basket of currencies: EUR, JPY, GBP, CAD, CHF and SEK, . The daily chart of USDINDEX shows the pair in a corrective pullback mode , the pullback is likely to be contained well above the 94.78 levels .

USDINDEX_Apr17

Due to lack of important news next week , sideways market could be seen whatever let’s highlight the most critical events which may affect currency market next week :

  1. From New Zealand , Consumer Price Index (Q/Q). Sunday at 22:45
  2. Bank Of Canada Gov Poloz Speaks . Monday at 14:05 .
  3. Reserve Bank of Australia Gov Stevens Speaks . Monday at 16:30.
  4. RBA Monetary Policy Meeting Minutes . Tuesday at 01:30
  5. German ZEW Economic Sentiment (Apr) . Tuesday at 09:00
  6. Canada will release data on Wholesale Sales (M.M) .Tuesday at 12:30
  7. Australia will release data on Consumer Price Index (M.M) . Wednesday at 01:30
  8. Bank Of England MPC meeting minutes. Wednesday at 08:30
  9. US Existing Home Sales (Mar). Wednesday at 14:00
  10. Chinese HSBC Manufacturing PMI . Thursday at 01:45
  11. French Manufacturing PMI . Thursday at 07:00
  12. German Manufacturing PMI . Thursday at 07:30
  13. UK Retail Sales (M.M) .Thursday at 08:30
  14. US  Initial Jobless Claims .Thursday a 12:30
  15. US New Home Sales (Mar) .Thursday at 14:00
  16. Euro-group Meetings.Friday : All day.
  17. German Ifo Business Climate Index (Apr) .Friday at 08:00
  18. US Core Durable Goods Orders (M.M) (Mar). Friday at 12:30

*All times are GMT

 

MARKET DATA

UPCOMING ECONOMIC EVENTS