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.