Weekly Fundamental Forecast Feb 02 2015

forex11 eb5qij min
forex11 eb5qij min

The US dollar held its gains against most pairs last week. This week’s focus will be on non-farm payrolls. Positive data is likely to resume the bullish trend, while negative data could bring a corrective pullback before the next rise. Let’s take a quick look at the most critical events which may influence the currency market this week :

Monday, Feb 02, 2015
  • China will release a report on the HSBC manufacturing index.
  • Spain will release data on the change in the number of people employed.
  • Germany will publish its manufacturing index.
  • The U.K. will publish its manufacturing index.
  • The U.S Institute of Supply Management will release data on manufacturing activity followed by a report on personal income and spending.
Tuesday, Feb 03, 2015
  • Australia will release data on building approvals and the trade balance. Later on the day, the Reserve Bank of Australia will announce its monetary policy decision. (Interest Rate Decision).
  • The U.K. will publish a report on construction sector activity.
  • The U.S. will release data on factory orders.
Wednesday, Feb 04, 2015
  • New Zealand will release data on the change in the number of people unemployed and the unemployment rate.
  • China will publish its HSBC service sector index.
  • The eurozone will publish a report on retail sales.
  • The U.K. will publish a report on service sector activity.
  • The U.S. will release a report on ADP nonfarm payrolls and the Institute of Supply Management will release data on non-manufacturing activity.
  • Canada will publish its Ivey PMI.
Thursday, Feb 05, 2015
  • Australia will publish data on retail sales.
  • The Bank of England will announce its monetary policy decision. (Interest Rate Decision).
  • The U.S. will release its weekly report on initial jobless claims as well as data on the trade balance.
  • Canada will release a report on its trade balance.
Friday, Feb 06, 2015
  • The RBA will publish its monetary policy statement. (Interest Rate Decision).
  • The Swiss National Bank will publish a report on foreign currency reserves.
  • The U.K. is to produce a report on the trade balance.
  • Canada will publish a report on building permits and the change in the number of people employed and the unemployment rate.
  • The U.S. will purplish its report on nonfarm payrolls, and data on wage growth.

MARKET DATA

UPCOMING ECONOMIC EVENTS