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).

Key Forex releases this week

Hi, although this week does not seem to be as rich in Forex releases as last week was we still have some very important macroeconomic events on our hands coming. Let me give you them. 

Monday

Europe – Euro zone finance ministers meet in Brussels at 13:00 GMT. Mr. Draghi is scheduled to speak in Brussels at the same time. This can seriously impact most Euro pairs. And IMF will issue Euro Area article statement. Watch what happens to Euro currency at the time.

Tuesday

China – Consumer Price Index and Producer Price Index coming at 01:30 GMT.

Great Britain – NIESR Gross Domestic Product Estimate coming at 14:00 GMT. Major Pound breaks are expected (Pound to go down). 

Wednesday

Europe – German Consumer Price Index coming at 06:00 GMT.

US – FED releases minutes from previous FOMC meeting at 18:00 GMT. This could be the most important event of the week. It will affect all major pairs and their crosses.

US – Ben Bernanke speaks on Economic Policy in Boston at 20:10 GMT. That is probably the second most important event of the week. I doubt if we hear anything new, but who knows.

Thursday

Australia – Australia unemployment change and rate coming at 01:30 GMT. Will it save aussie from falling? Maybe!

Japan – Kuroda holds Post meeting press conference at 06:30 GMT.

Europe – ECB publishes monthly report at 08:00 GMT.

Friday

US – Michigan Confidence coming at 13:55 GMT.

Ok, these events are very important and markets will be closely monitoring them. And so should you. See you tomorrow with more updates on how Forex news impacted currency pairs today.

Forex news from Europe and Canada

We have two very important pieces of news ahead of us today. The first piece is coming from Europe and that is German Consumer Price Index data (CPI). Europe has been showing very poor results economic results lately and this inflation number might cause strong decline in Euro pairs. If the news is worse than expected Euro weakness will definitely spill to Swiss Franc pairs too. I am looking for possibilities to short eur/gbp if the market starts moving the pair down. The release is scheduled at 12:00 GMT. 

The second piece of news comes from Canada and that is Canada Gross Domestic Product. Expectations are weaker than last month, but as veteran traders say: ‘buy the rumor and sell the fact’. We might reverse the saying. The number might be much better than expected. Then, CAD would rise. I am currently looking at aud/cad currency pair and see that it has formed a nice bearish technical structure. It means I am considering selling the pair if the news pushes it below current support price level of 0.9675. However, Canadian dollar looks a bit weak against other European currencies. So, I am going to place a very small order for selling. 

Let’s wait and see what the future brings.

News from Canada can cause loonie to collapse

Hi, folks. We are having quite a lot of important releases this week. Today is very significant, because Bank of Canada will announce its' interest rate decision. As you may see most of Canadian dollar pairs have been in pretty ugly ranges. Some tried to make new highs: such as usd/cad and gbp/cad, but failed. I guess today will be the day  when the loonie will collapse. Of course, this is just my speculation, but do not forget that interest rate decisions are the most important fundamental events in Forex market. So, be sure to watch what happens at 14.00 GMT today.

I am also expecting Euro to go down against US dollar and finally breach 1.2800 level and then go to last year low of around 1.2000. It may take some time. Friday may be key for Euro as we have Euro zone consumer price index coming out. That should send eur/usd and eur/gbp to their lows. I am already short eur/gbp and if Friday sees a breakout lower I will add to my position in the pair and likewise in Euro dollar short. Ok, enough for today. Hope to update my blog soon.

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.