Weekly Fundamental Forecast Feb 16 2015

forex11 eb5qij min
forex11 eb5qij min

Because of the lack of important news ,the US dollar continued its pullback last week . This week focus will be on Reserve Bank of Australia (Monetary Policy Meeting Minutes) , Swiss National Bank Thomas Jordan speech , Bank of Japan Monetary Policy Statement (Interest Rate Decision) , and finally the high importance US FOMC Meeting Minutes late on next Wednesday  . Note that there is a great opportunity for US dollars to resume the bullish trend after  FOMC Meeting Minutes, anyway , let’s highlight the most critical events which may influence currency market next week :

Sunday, Feb 15 2015

  • New Zealand will publish data on Retail Sales , It’s the primary measure of consumer spending, which accounts for the majority of overall economic activity. It will be be published at 21:45.
  • Japan will release data on Gross Domestic Product , It’s the most important indicator to measure the economy’s health and activities .It will be published at 23:50.

Monday , Feb 16 2015

  • The high importance Euro-group Meetings , Greek bailout talks will dominate the meeting , outcomes of the meeting could give the EURO a clear direction . The meeting will continue throughout the day.

Tuesday , Feb 17 2015

  •  Reserve Bank of Australia Monetary Policy Meeting Minutes at 00:30
  • UK will publish data on consumer price index , It’s the UK’s most important inflation data because it’s used as the central bank’s inflation target , It will be published at 09:30
  •  Germany will release data on  ZEW Economic Sentiment , It will be released at 10:00
  • Swiss National Bank Chairman Thomas Jordan Speaks at 17:00

 Wednesday , Feb 18 2015

  • Bank of Japan Interest Rate Decision followed by Press Conference.
  • UK will publish data on Claimant Count Change at 09:30
  • Canada will publish data on Wholesale Sales at 13:30.
  • US will release data on Building Permits as well as a report on Producer Price Index at 13:30
  • Later on the day , the Federal Reserve is to announce its benchmark interest rate and publish its rate statement, (FOMC meeting). at 19:00

Thursday , Feb 18 2015

  • The U.S. will  publish its weekly report on initial jobless claims at 13:30
  • US will end the day with Philadelphia Fed Manufacturing Survey  at 15:00

Friday , Feb 19 2015

  • France will release data on Manufacturing PMI at 08:00
  • Germany will release data on Manufacturing PMI at 08:30
  • UK will release data on Retail Sales at 09:30
  • Canada will end the week with data on Core Retail Sales at 13:30

*All times are GMT