New week in Forex has started. We have very
important data scheduled almost each day this week. I expect these to cause
very strong moves in various currency pairs. So, what is ahead of us?
Tuesday
Australia:
Policy meeting minutes from September (coming at 01:30 GMT). I expect aussie to
fall and I am getting ready to buy eur/aud and gbp/aud pairs as well as selling
aud/chf.
Great
Britain: Consumer Price Index (coming at 08:30 GMT). This
could boost British Pound and cause it to rise, especially against commodity
currencies.
United
States: Consumer Price Index (coming at 12:30 GMT). This
could be a prelude to Fed meeting later this week. I bet the greenback will
recover.
Wednesday
United
States: Federal Market Committee rate decision (coming at
18:00 GMT). Not only currencies, but also stocks with their indexes and
commodities (and all the rest) will react to the statement.
Bernanke’s meeting in Washington (coming at 18:30
GMT). This can probably be more important than decision itself as mister
Bernanke will present his future outlook on economy.
New
Zealand: Gross Domestic Product (coming at 22:45 GMT). Isn’t
it time for the kiwi dollar to fall back to its’ downtrend?
Thursday
Switzerland:
Swiss National Bank rate decision (coming at 07:30 GMT). I expect Swiss Franc
to rise.
Friday will not have any significant releases, so
market participants will probably rely on the data that is released between now
and Thursday evening, the biggest event being Wednesday evening (FED rate
decision).
Let’s wait for tomorrow and see what happens to
British Pound.
