The EURUSD declined to the 1.113 levels last Friday , It the weakest level since early September 2003 a day after the ECB launched a large scale quantitative easing program to combat slowing growth and inflation in the euro zone..
The US dollar index continued its bullish momentum , reached 95.75 levels , I expect further gains for the US dollar after FOMC meeting next Wednesday , anyway , let’s highlight the most critical events which may influence currency market next week :
Monday, Jan 26 2015
- Bank of Japan policy meeting .
- Japan will also publish data on the trade balance.
- From Germany, Ifo business climate.
- The U.K. will release data on mortgage approvals.
Tuesday, Jan 27 2015
- Australia will publish data on business confidence.
- The U.K. will publish data on gross domestic product.
- The U.S. will release data on durable goods orders, as well as a report on consumer confidence and new home sales.
Wednesday, Jan 28 2015
- Australia will purplish data on consumer inflation.
- From Germany, Gfk consumer climate.
- From United States , the Federal Reserve is to announce its benchmark interest rate and publish its rate statement, (FOMC meeting).
- From New Zealand , the Reserve Bank will announce its benchmark interest rate and publish its rate statement. followed by data on the trade balance.
Thursday, Jan 29 2015
- Japan will publish data on retail sales.
- Australia will publish a report on import prices.
- The U.K. will publish a report on house price inflation and retail sales.
- In the euro zone, Germany will release data on consumer inflation and a report on the change in the number of people unemployed.
- The U.S. will publish its weekly report on initial jobless claims as well as data on pending home sales.
Friday, Jan 30 2015
- Japan will release a report on household spending and inflation and data on industrial production.
- Australia will publish data on producer price inflation.
- The euro zone will release data on inflation as well as a report on the unemployment rate.
- Germany will publish a report on retail sales.
- Spain will release data on GDP growth and inflation.
- Switzerland will publish its KOF economic barometer.
- The U.K. will release data on net lending.
- Canada will publish its monthly GDP report.
- The U.S. will purplish data on fourth quarter growth as well as reports on business activity in the Chicago region and revised data on consumer sentiment.