Forex news this week

I haven’t written a post for a few days. It is time to write one. Unfortunately, there isn’t much what to say from the fundamental point of view. This week isn’t very rich in important Forex news. However, there is some and let us look at it right now. 

Tuesday

Canada: Retail Sales (coming at 15:30 GMT). I do not expect strong moves. Maybe gbp/cad could be taken higher, but nothing else. 

Wednesday

Australia: Consumer Price Index (coming at 01:30 GMT). Isn’t it time for Australian dollar to strengthen? Let us wait and see. 

New Zealand: Reserve Bank of New Zealand Rate Decision (coming at 21:00 GMT). 

Thursday

United Kingdom: Gross Domestic Product (coming at 08:30). This could be a key point in deciding on the nearest direction of Pound pairs. Pound may peak against most pairs. 

USA: Durable Goods Orders (coming at 12:30 GMT). 

Japan: National Consumer Price Index (coming at 23:30 GMT). 

Friday is pretty clean this time as no important news is scheduled on the day. So, we may expect major moves by the end of the week (probably in the middle of it). I will concentrate on British Pound this week. There is slight possibility for strengthening of commodity currencies: Australian and New Zealand dollars.