Forex Weekly Forecast Jul 06 2015

forex11 eb5qij min
forex11 eb5qij min

Last week, Recap :

1- The market was neutral in general, the USD recovered a bit!!

2- The Labor Department reported said in Thursday that the U.S. economy added 223,000 jobs in June , missing forecast 230.000 jobs.

3- Greek Prime Minister Alexis Tsipras has called for a No vote, saying a vote against the proposals would give him a stronger mandate to agree a third bailout Greece’s creditors.

4- Greece became the first developed country to default on the IMF after its second bailout program expired late Tuesday.

In the week ahead :

1- Focus will remain on Greece , volatility is suggested in both directions , any rise for EURUSD should be taken as an opportunity to sell the tops..

2- Next Wednesday, the Federal Reserve will publish the minutes of its June meeting. If the Fed, leaves things the way they are (as expected)  , I think the USD will recover, in case the USD falls , we should buy it on dips !!

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

Monday, July 06 2015

Germany will release data on factory orders.

Switzerland will publish a report on consumer inflation.

Canada will publish a report on the Ivey business index.

U.S will release data on ISM Non-Manufacturing PMI .

Tuesday, July 07 2015

New Zealand will release data on business confidence.

The Reserve Bank of Australia will announce its interest rate decision and publish its rate statement.

The U.K. will release data on manufacturing and industrial production.

U.S. and Canada will release reports on the trade balance.

Wednesday, July 08 2015

Japan will release data on the current account.

The U.K. government will release its annual budget statement.

Canada will publish data on building permits.

The Federal Reserve will publish the minutes of its June meeting.

Thursday, July 09 2015

Japan will publish data on core machinery orders.

Australia will publish its monthly employment report.

China will release data on consumer and producer price inflation.

The Bank of England will announce its interest rate decision.

The U.S. will release the weekly report on initial jobless claims.

Friday, July 10 2015

Australia will release data on home loans.

The U.K. will  release data on the trade balance.

Canada will  publish its monthly employment report.

Fed Chair Janet Yellen speech.


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