Most important fx news this week

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. 

See also: http://forex-news-trading.blogspot.com/2013/08/ultimate-guide-to-successful-day-trading.html

Most important Forex news this week

Hi, it is Monday and time to look at the most important Forex news this week so that we would be ready to take action and trade them profitably. I expect most currency pairs to stay in their current ranges. However, it is highly probable that Japanese Yen will continue falling. At least technical structures of the currency show that. 

Monday

US – Advanced Retail Sales (coming at 12:30 GMT)

Tuesday

Australia – Reserve Bank of Australia Policy Meeting July Minutes (coming at 01:30 GMT). This could significant impact on the future movements in commodity currencies. 

Great Britain – Consumer Price Index (coming at 08:30 GMT). British Pound pairs should see increased volatility when the news is released. 

Europe – Consumer Price Index (coming at 09:00 GMT). 

US – Consumer Price Index (coming at 12:30 GMT). It is probably the most important event of the week. I would rather wait for it to be released and only to start trading (skipping GB and EU releases). 

Japan – Bank of Japan June meeting Minutes (coming at 23:50).

Wednesday

Great Britain – Bank of England Minutes (coming at 08:30 GMT). The second most important event of the week!

Canada – Bank of Canada Rate Decision (coming at 14:00 GMT). 

US – Federal Reserve Releases Beige Book (coming at 18:00 GMT). 

Thursday

US – Ben Bernanke delivers semi-annual report to Senate (coming at 14:00 GMT).

Friday

Canada – Consumer Price Index (coming at 12:30 GMT).

Fx news of high importance this week

Let us look at some of the most important Forex news that might influence financial markets this week.

Nothing serious on Monday. Usual stuff!

Tuesday:  

Bank of Japan rate decision

Wednesday:

Consumer Price Index (Australia) at: 00:30 GMT

Bank of Japan Monthly Economic Report at: 5:00 GMT

Bank of England Minutes at: 9:30 GMT

Jobless Claims (Great Britain) at: 9:30 GMT

Bank of Canada rate decision at: 15:00 GMT

Thursday:

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

Friday:

Gross Domestic Product (Great Britain) at: 9:30 GMT

Consumer Price Index (Canada) at 13:30 GMT

These are the main events that can influence move in currencies this week. Be careful trading those as volatility increases sharply during news times.