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.

Important macroeconomic events this week

Hi. This week will see some important key events that can have significant impact on financial markets, especially Forex this week.

Monday:
USD  ISM Manufacturing (at 14:00 GMT).

Tuesday:
AUD  Reserve Bank of Australia rate decision (at 04:30 GMT). It may reverse short term bearish commodity currency downtrend.

Wednesday:
AUD Gross Domestic Product (at 01:30 GMT).
Euro zone Gross Domestic Product (at 09:00 GMT)

Thursday:
GBP Bank of England rate decision (at 11:00 GMT)
EUR European Central Bank rate decision (at 11:45 GMT)

Friday:
USD Change in Non-Farm payrolls (at 12:30 GMT)

Get ready for the week and see you tomorrow with some ideas on news trading.

Key events in currency market this week

For those who favor trading news it is very important to have the schedule of all macroeconomic events in the market before the week begins. This is holiday season and it may be wise not to trade at all this week. However, it is still good to watch what happens around various events and how markets perceive them. This is how you really learn how to analyze Forex or any other market. Then you can learn another thing: how to trade what you have learnt.

So, what do we have this week coming?

Monday

Bank of Japan issues Minutes of Board meeting at 23:50 GMT

There is nothing significant coming on Tuesday and Wednesday as these are Christmas days. 

Thursday

US consumer confidence at 15:00 GMT

And that is it for the week! Pretty light, huh? Well, don’t you think that nothing is going to happen. When everybody is on holiday it is pretty easy to move markets and earn nice buck. I have seen a few wild holiday seasons. It does not mean this one will be like that, but who knows… 

Ok, enough talking. I hope to write something more meaningful soon and give you more sound tips. Bye.

Volatility increase in Forex before holidays

You have probably noticed how volatility has been increasing in financial markets. As I am mostly interested in Forex market I spend most of my time watching how various currency pairs behave. It is quite clear that Yen pairs are most influenced. Recent remarks by the president of BOJ (Bank of Japan) has put Japanese on strong pressure. You just can look at eur/jpy, gbp/jpy and usd/jpy or any other Yen pair to see that.

In my opinion this strong volatility in fx market will continue. It will also affect dollar pairs as I do think that dollar will go down till the end of this year. It does not mean we have to trade during holidays. However, if we do decide to trade we should check what news comes out this week and be aware of extra volatility that those might bring to the markets.

Here are the most important news this week:

Wednesday - Bank of England minutes at 9.30 GMT
                     Gross domestic product of New Zealand at 21:45 GMT

Thursday - Bank of Japan rate decision at 00:00 GMT
                 German producer prices at 7:00 GMT
                 US gross domestic product at 13:30 GMT

Friday - Gross domestic product of Great Britain at 9:30 GMT
              Consumer price index of Canada at 13:30 GMT
             

These are pieces of news of high importance. Be careful if you decide to trade around these times.
Good luck and see you soon.