Weekly Fundamental Forecast Jan 26 2015

forex11 eb5qij min
forex11 eb5qij min

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.

 

MARKET DATA

UPCOMING ECONOMIC EVENTS