The US dollar recovered as expected last week, since we have said before , FOMC minutes is positive in medium term outlook , however; The most drama we had witnessed last week, was Greece. The picture remains unclear in short term view, but in medium and long term forecast , I strongly believe that Greece and Euro-Zone will overcome current crisis . I do believe the most critical event for next week is U.S Nonfarm Payrolls data on Thursday. negative Nonfarm Payrolls data could be an opportunity to USD on dips, while positive Nonfarm Payrolls data should advance USD further higher. Let’s take a quick look at the most critical events which may affect currency market next week :
1- JPY Retail Sales. Sunday at 23:50.
2- Spanish Consumer Price Index (CPI) .Monday at 07:00
3- German German Consumer Price Index (CPI) .Monday at 12:00
4- U.S Pending Home Sales . Monday at 14:00
5- Eurogroup Meetings . Tuesday .All day
6- German Unemployment Change . Tuesday at 07:55
7- U.K Gross Domestic Product (GDP) .Tuesday at 08:30
8- U.K Current Account .Tuesday at 08:30.
9- RBA Governor Stevens Speaks .Tuesday at 08:40.
10- Euro-Zone Consumer Price Index (CPI) .Tuesday at 09:00
11- Canada Gross Domestic Product (GDP) .Tuesday at 12:30
12- U.S CB Consumer Confidence .Tuesday at 14:00
13- Japan Tankan Large Manufacturers Index (Q2) .Tuesday at 23:50
14- Japan Tankan Large Non-Manufacturers Index (Q2) . Tuesday at 23:50
15- Wednesday is holiday in Canada and New Zealand .
16- Chinese Manufacturing PMI .Wednesday at 01:00
17- Chinese HSBC Manufacturing PMI. Wednesday at 01:45
18- German Manufacturing PMI .Wednesday at 07:55
19- U.K Manufacturing PMI .Tuesday at 08:30
20- U.S ADP Nonfarm Employment Change.Wednesday at 12:15
21- U.S ISM Manufacturing PMI .Wednesday at 14:00
22- U.K Construction PMI .Thursday at 08:30
23- U.S Nonfarm Payrolls .Thursday at 12:30
24- U.S Unemployment Rate .Thursday at 12:30
25- Friday is holiday in United States – Independence Day.
26- AUD Retail Sales . Friday at 01:30
27- U.K Services PMI. Friday at 08:30
*All Times Are GMT
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