Weekly Fundamental Forecast Jan 05 2015

The US dollar started 2015 with a bullish bias , the EURUSD declined to the psycho level  1.2000 , the GBPUSD has lost almost 250 pips in 1 day, declined to 1.5320 levels , the US dollar index continued its bullish momentum and reached 91.45 levels. This week the US dollar is expected to resume its strength after FOMC meeting next Wednesday , however ; let’s highlight the most critical events which may influence currency market this week :

Monday, Jan 05 2015

• From the  euro zone, Germany will publish data on consumer price inflation.
•  Spain will publish a report on the change in the number of people employed.
• The U.K. will release data on construction sector activity.

Tuesday, Jan 06 2015

• Australia will publish data on the trade balance.
• China will publish its HSBC service sector index.
• The U.K. will publish a report on service sector activity.
• From the United states, the Institute of Supply Management will release data on non-manufacturing activity.

Wednesday, Jan 07 2015

• Germany will publish data on retail sales, and a report on the change in the number of people employed.
• The euro zone will release  data on consumer inflation and a report on the unemployment rate.
• The SNB  will publish a report on foreign currency reserves.
• The U.S. will release a report on ADP non farm payrolls, and data on the trade balance.
• Canada will publish a report on its trade balance and publish its Ivey PMI.
• The Federal Reserve is to publish the minutes of its meeting. (FOMC meeting).

Thursday, Jan 08 2015

• Australia will release data on building approvals.
• The euro zone will publish a report on retail sales.
• The Bank of England is to announce its monetary policy decision(Interest Rate Decision). (Jan).
• The U.S. will publish its weekly report on initial jobless claims.
• New Zealand will publish data on building consents.

Friday, Jan 09 2015

• Australia will publish data on retail sales.
• China will release data on consumer price inflation.
• The U.K. will publish data on industrial and manufacturing production, and data on the trade balance.
• Canada will publish data on building permits , the change in the number of people employed and the unemployment rate.
• The U.S. will release a report on non-farm payrolls .