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.
