Key Forex news this week

There are a few important pieces of Forex news this week that a trader can hopefully capitalize on. I say hopefully, because not all events create significant volatility and moves. However, a few ones this week should be of interest to most speculators. Let us briefly mention them. 

Wednesday

Bank of England Financial Stability Report (coming at 9:30 GMT). This one should move all pound pairs. I particularly expect gbp/chf break upwards and the outcome for gbp/jpy and gbp/cad one way or another. 

Thursday

EU – German unemployment change (coming at 7:55 GMT). Euro may slip lower in various Euro denominated pairs. 

JPY – Japan National Consumer Price Index (coming at 23:30 GMT). Yen may start a fresh uptrend after a long collapse. Watch particularly aud/jpy, nzd/jpy and cad/jpy as commodity currencies seem to be very weak. 

Friday

EU – German Consumer Price Index (coming at 12:00 GMT). The number is expected better than previous month. Imagine what happens if it is actually worse. It would send Euro down across the board. 

CAD – Canada Gross Domestic Product (coming at 12:30 GMT). One thing is clear: either Canadian dollar will strengthen and reverse or we might see a new downtrend develop as Canadian dollar is near its’ yearly lows. 

I will post an update after tomorrow news from Britain comes. See you then.