Forex Weekly Forecast Aug 10 2015

forex11 eb5qij min
forex11 eb5qij min

Last week, Recap :

1- The dollar rose to two-month highs of 125.07 against the yen, before sliding to 124.27 in late trade.

2- The U.S. economy added 215,000 jobs last month, slightly lower than forecasts for an increase of 223,000, but still consistent with strong employment growth.

3-The Canadian economy added 6,600 jobs in July, more than forecast but the report also showed that the number of people in full time employment declined.

In the week ahead :

1-From U.S : Speeches by Fed officials on Monday will  be in focus. Later focus also will be on Thursday’s U.S. retail sales data..

2- From Euro-Zone , flash estimate of second quarter economic growth on Friday.

Let’s take a quick look at the most critical events which may affect currency market in the upcoming days :

Monday Aug 10 2015:

Federal Reserve Governor Stanley Fischer and Atlanta Fed President Dennis Lockhart are to speak.

Tuesday Aug 11 2015:

Australia will release data on Business Confidence.

In the euro zone, the ZEW Institute is to report on German economic sentiment.

The U.S will release data on Unit Labor Costs .

Bank of Japan Monetary Policy Meeting Minutes.

Wednesday Aug 12 2015:

Australia will release data on labor costs and a report on consumer sentiment.

China will publish data on industrial production and fixed asset investment.

The U.K. will publish its latest employment report.

Thursday Aug 13 2015:

Switzerland will report on producer price inflation (PPI).

The European Central Bank will publish the minutes of its latest policy meeting.

The U.S. will release data on retail sales, initial jobless claims and import prices.

Friday Aug 14 2015:

New Zealand will release data on retail sales.

The euro zone will release data on second quarter economic growth as well as data on consumer inflation.

Canada will release a report on manufacturing sales.

The U.S. will end the week with data on producer prices, industrial production and consumer sentiment.

You may follow events live at: Live Calendar