Weekly Fundamental Forecast Mar 09 2015

forex vqlxh6 min
forex vqlxh6 min

The US dollar continued its strength last week after strong US nonfarm payrolls , It jumped to 295 K . This development should boost the US dollar the upcoming weeks . The USD index jumped to our weekly target around 97.65 levels , The EURUSD also reached our weekly target around 1.0820 levels ..

Due to lack of critical news , the US dollar could take a break this week before resuming the upside offensive , any decline  should be taken as an opportunity to buy the USD on dips , whatever ; let’s take a quick look at the most critical data/events which may influence currency market next week :

Monday, March 9 2015

  • Japan will release data on the current account and data on Gross Domestic Product (GDP) (Sunday Midnight ).
  • Euro group finance ministers meeting in Brussels to discuss funding options for Greece.(All day)
  • Switzerland will  release data on retail sales at 08:15..

Tuesday, March 10 2015

  • Australia will publish data on business confidence at 00:30.
  • China will  release report on consumer and producer price index at 01:30.

Wednesday, March 11 2015

  • Australia will release official data on home loans at 00:30
  • China will publish reports on industrial production and fixed asset investment at 05:30
  • The U.K. will release data on industrial and manufacturing production at 09:30
  •  Reserve Bank of New Zealand RBNZ Interest Rate Decision at 20:00

Thursday, March 12 2015

  • Australia will release data on the change in the number of people employed and the unemployment rate at 00:30
  • The U.K. will  publish a report on the trade balance.09:30
  • Canada will publish data on New Housing Price Index at 12:30
  •  The U.S. will release data on core retail sales and initial jobless claims at 12:30

Friday, March 13 2015

Canada will  publish its monthly employment report for (Feb) at 12:30

The U.S. will end the week with data on Producer Price Index (PPI) at 12:30 followed by data on Michigan Consumer Sentiment at 14:00

* All times are GMT……..