Weekly Market Forecast Sept 22 2014

In this article we will focus on the most important events that will affect the currency market next week:

1-U.S Existing Home Sales , Monday at 14:00 GMT . This report helps to measure the strength of the U.S. housing market and is a key indicator of overall economic strength. Last read : 5.15 M , Exp: 5.20 M . A higher than expected reading should be taken as positive/bullish for the USD.

2- German Manufacturing PMI , Tuesday at 07:30 GMT . It’s a leading indicator of overall economic performance . Last read :51.4 ,Exp : 51.2 . A higher than expected reading should be taken as positive/bullish for the EUR.

3- Canadian Core Retail Sales , Tuesday at 12:30 GMT . It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy. Last read : 1.5% , Exp: – 0.1% . A higher than expected reading should be taken as positive/bullish for the CAD.

4- German Ifo Business Climate Index , Wednesday at 08:00 GMT . It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research. Last read: 106.3 , Exp: 105.7 . A higher than expected reading should be taken as positive/bullish for the EUR.

5- U.S New Home Sales, Wednesday at 14:00  GMT . It measures the annualized number of new single-family homes that were sold during the previous month . Last read : 412K , Exp: 430K. A higher than expected reading should be taken as positive/bullish for the USD.

6- U.S Core Durable Goods Orders  (Mom), Thursday at 12:30 GMT . It measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items . Last read : – 0.7% , Exp:  0.6% . A higher than expected reading should be taken as positive/bullish for the USD.

7- U.S Gross Domestic Product (GDP) , Friday at 12:30 GMT . It is the broadest measure of economic activity and the primary indicator of the economy’s health. Last read :4.2% , Exp: 4.6% . A higher than expected reading should be taken as positive/bullish for the USD.

These events will be discussed in detail with  their impact on the currency market in real time!!!…stay tuned !!!!!

MARKET DATA

UPCOMING ECONOMIC EVENTS