Key Fundamental Forex Events and Forecasts for the Coming Week
The following table lists the key economic data and other events that are due out during the week of April 27th – May 1st, with release times displayed for the GMT time zone.
The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively.
Technical Forecast and Levels to Watch for the Majors This Week
Sunday April 26th
All Day NZD Bank Holiday
Monday April 27th
6:00am GBP CBI Industrial Order Expectations (4 expected, > good for currency)
6:40pm AUD RBA Governor Stevens speaks (hawkish = good for currency)
12:50am JPY Retail Sales (-7.4% expected, > good for currency)
Tuesday April 28th
4:30am GBP Preliminary GDP (0.5% expected, > good for currency)
8:45am CAD BOC Governor Poloz speaks (hawkish = good for currency)
10:00am USD CB Consumer Confidence (102.6 expected, > good for currency)
6:45pm NZD Trade Balance (312M expected, > good for currency)
All Day JPY Bank Holiday
2:00am NZD ANZ Business Confidence (last 35.8 expected, > good for currency)
Wednesday April 29th
All Day EUR German Preliminary CPI (-0.1% expected, > good for currency)
4:00am EUR M3 Money Supply (4.3% expected, > good for currency)
4:00am EUR Private Loans (0.2% expected, > good for currency)
6:00am GBP CBI Realized Sales (26 expected, > good for currency)
8:30am CAD RMPI (-1.8% expected, > good for currency)
8:30am USD Advance GDP (1.0% expected, > good for currency)
8:30am USD Advance GDP Price Index (0.5% expected, > good for currency)
10:00am USD Pending Home Sales (1.1% expected, > good for currency)
10:30am USD Crude Oil Inventories (last 5.3M (NYSE:MMM) expected, > good for currency)
2:00pm USD FOMC Statement (hawkish = good for currency)
2:00pm USD Federal Funds Rate (<0.25% expected, > good for currency)
5:00pm NZD Official Cash Rate (3.50% expected, > good for currency)
5:00pm NZD RBNZ Rate Statement (hawkish = good for currency)
6:45pm NZD Building Consents (last -6.3%, > good for currency)
7:50pm JPY Preliminary Industrial Production (-3.4% expected, > good for currency)
9:30pm AUD Import Prices (1.1% expected, > good for currency)
Tentative JPY Monetary Policy Statement (hawkish = good for currency)
Thursday April 30th
2:00am EUR German Retail Sales (0.5% expected, > good for currency)
2:00am JPY BOJ Outlook Report (hawkish = good for currency)
Tentative JPY BOJ Press Conference (hawkish = good for currency)
3:00am CHF KOF Economic Barometer (91.7 expected, > good for currency)
3:00am EUR Spanish Flash CPI (-0.7% expected, > good for currency)
3:00am EUR Spanish Flash GDP (0.8% expected, > good for currency)
3:55am EUR German Unemployment Change (-14K expected, < good for currency)
5:00am EUR CPI Flash Estimate (0.0% expected, > good for currency)
5:00am EUR Core CPI Flash Estimate (0.6% expected, > good for currency)
5:00am EUR Unemployment Rate (11.2% expected, < good for currency)
8:30am CAD GDP (-0.2% expected, > good for currency)
8:30am USD Weekly Initial Jobless Claims (297K expected, < good for currency)
8:30am USD Core PCE Price Index (0.2% expected, > good for currency)
8:30am USD Employment Cost Index (0.6% expected, > good for currency)
8:30am USD Personal Spending (0.6% expected, > good for currency)
9:45am USD Chicago PMI (50.1 expected, > good for currency)
10:30am CAD BOC Governor Poloz speaks (hawkish = good for currency)
7:30pm JPY Household Spending (-11.7% expected, > good for currency)
7:30pm JPY Tokyo Core CPI (0.5% expected, > good for currency)
All Day CNY Bank Holiday
9:00pm CNY Manufacturing PMI (50.0 expected)
9:00pm CNY Non-Manufacturing PMI (last 53.7)
9:30pm AUD PPI (0.2% expected, > good for currency)
9:30pm JPY Average Cash Earnings (0.4% expected, > good for currency)
Friday May 1st
All Day CNY Bank Holiday
All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
All Day EUR Italian Bank Holiday
4:30am GBP Manufacturing PMI (54.6 expected, > good for currency)
4:30am GBP Net Lending to Individuals (2.6B expected, > good for currency)
10:00am USD ISM Manufacturing PMI (52.1 expected, > good for currency)
10:00am USD Revised University of Michigan Consumer Sentiment (96.1 expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Lower
Resistance:
Initial: 1.0866, 1.0873, 1.0882, 1.0899, 1.0917, 1.0984, 1.1040, 1.1097, 1.1114, 1.1159, 1.1261/79, 1.1297/1.1303, 1.1375, 1.1422, 1.1442/49, 1.1459, 1.1498, 1.1533, 1.1642, 1.1753, 1.1866/77, 1.1900/01, 1.1938, 1.1975, 1.2041, 1.2133, 1.2143, 1.2162/64, 1.2219, 1.2241/55, 1.2270/72, 1.2323/33, 1.2357/62, 1.2381/94, 1.2407/39, 1.2455, 1.2494/96, 1.2500/01, 1.2514/19, 1.2531, 1.2545, 1.2569/70, 1.2588/89, 1.2605, 1.2613, 1.2623/25, 1.2661/63, 1.2676, 1.2692/98, 1.2715, 1.2744/54, 1.2791/1.2805, 1.2815/21, 1.2834/79, 1.2900/04, 1.2919/21, and 1.2978/98.
Above: 1.3000/03, 1.3047, 1.3059/66, 1.3077, 1.3093/1.3109, 1.3126, 1.3130, 1.3152/65, 1.3172/77, 1.3187/1.3206, 1.3220/42, 1.3294/99, 1.3305/08, 1.3318/24, 1.3332/35, 1.3344/53, 1.3366, 1.3376/89, 1.3398/1.3416, 1.3432/44, 1.3451, 1.3473/82, 1.3489/1.3524, 1.3538, 1.3546/88, 1.3597, 1.3602/15, 1.3621/31, 1.3639/50, 1.3663/76, 1.3682/86, 1.3685/1.3710, 1.3714/16, 1.3731/39, 1.3748, 1.3758/74, 1.3784/98, 1.3807, 1.3810/20, 1.3824, 1.3832/36, 1.3845/54, 1.3864, 1.3875/78, 1.3888/92, 1.3905/14, 1.3937, 1.3947, 1.3966/69, 1.3993/1.4000, 1.4246, 1.4500/17, 1.4695, and 1.4939.
Support:
Initial: 1.0819, 1.0762/90, 1.0736, 1.0659, 1.0595, 1.0499 and 1.0461.
Below: 1.0206, 1.0104, 0.9607/21, 0.9599, 0.9451, 0.9338, 0.8840, 0.8822/28, 0.8594 and 0.8562.
USD/JPY: Mildly Higher
Resistance:
Initial: 119.21/28, 119.37/41, 119.62, 119.83, 119.95, 120.02/08, 120.17/26, 120.34, 120.36/47, 120.73/82, 121.19, 121.27/38, 121.62, 121.80/84 and 122.01.
Above: 124.14, 125.67/75, 126.17, 126.41, 126.90, and 135.19.
Support:
Initial: 119.01, 118.85/97, 118.62, 118.23/52, 118.04, 117.93/99, 117.76, 117.43, 117.23, 116.82/117.02, 116.10, 115.85, 115.56/58, 114.65, 112.98, 111.78, 111.60, 110.39/47, 110.08, 109.90, 109.53, 109.45, 108.98, 108.42, 108.24, 108.00, 107.38/39, 107.18, 107.05, 106.80, 106.24, 105.70, 105.41/43, 105.30/33, 105.18, 104.83/91, 104.63/68, 104.36, 104.07/26, 103.91, 103.82, 103.73/75, 103.37/43, 103.30, 102.92/103.08, 102.57/82, 102.49/52, 102.33/40, 102.26, 102.13/14, 101.90/102.04, 101.60/83, 101.50/56, 101.42/43, 101.30/32, 101.08/27, 100.82/86, 100.75, 100.60/65, 100.38/48, 100.22, and 100.00.
Below: 99.94, 99.66, 99.40, 99.25, 99.13/14, 99.00, 98.84/92, 98.63/72, 98.48/53, 98.28, 98.20, 98.08, 97.75/83, 97.49/63, 96.90/97.05, 96.81, 96.65/70, 96.55/56, 96.05, 95.79/80, 95.44, 94.90/95.07, 94.87, 94.55, 94.19, 94.05, 93.76, 93.78 93.68, 93.50, 93.17, 92.77/95, 92.14/30, 91.19, 90.85, 90.20/32, 89.40/66, 88.05, 87.95/99, and 87.79.
GBP/USD: Lower
Resistance:
Initial: 1.5152/57, 1.5163/64, 1.5173/87, 1.5195/98, 1.5208/23, 1.5237/39, 1.5260/68, 1.5293, 1.5304, 1.5313/51, 1.5384, 1.5392, 1.5403/22, 1.5427, 1.5434/39, 1.5458, 1.5476/79, 1.5485, 1.5498/99, 1.5514/16, 1.5538/51, 1.5561/68, 1.5584/92, 1.5601/19, 1.5624/27, 1.5656, 1.5673, 1.5683/92, 1.5714/17, 1.5750, 1.5763, 1.5775/89, 1.5803/07, 1.5825, 1.5844, 1.5853, 1.5874/77, 1.5886/93, 1.5900/27, 1.5948/51, 1.5956/61, 1.5975/94, 1.6001/08, 1.6051/66, 1.6071/83, 1.6096/98, 1.6109/21, 1.6130/36, 1.6155, 1.6161, 1.6177/83, 1.6195/98, 1.6204/15, 1.6215/16, 1.6222/26, 1.6237/46, 1.6251/62, 1.6280/86, 1.6290, 1.6298/1.6309, 1.6336, 1.6348, 1.6357, 1.6376, 1.6380/83, 1.6394, 1.6400, 1.6415/18, 1.6441/44, 1.6458/65, 1.6484, and 1.6496.
Above: 1.6516, 1.6524, 1.6534, 1.6548, 1.6576/86, 1.6592, 1.6611/17, 1.6624, 1.6640/56, 1.6665/67, 1.6683, 1.6692/98, 1.6716/24, 1.6730/37, 1.6745, 1.6755, 1.6765/68, 1.6777, 1.6785, 1.6800/02, 1.6812, 1.6819/22, 1.6831/44, 1.6874/87, 1.6902/09, 1.6919/20, 1.6951, 1.6960, 1.6995, 1.7000, 1.7010, 1.7035, 1.7042/51, 1.7058/62, 1.7084, 1.7094/99, 1.7107, 1.7130, 1.7167, 1.7176/78, 1.7190, and 1.7440.
Support:
Initial: 1.5130, 1.5123, 1.5101, 1.5092, 1.5081, 1.5072/77, 1.5056, 1.5026/33, 1.5013, 1.5007, 1.4985/88, 1.4966/67, 1.4950, 1.4927, 1.4913, 1.4884, 1.4872, 1.4868, 1.4855/56, 1.4830, 1.4812, 1.4785, 1.4698, 1.4634, and 1.4615.
Below: 1.4345 and 1.4232.
AUD/USD: Mildly Lower
Resistance:
Initial: 0.7839/88, 0.7912, 0.7950, 0.7988, 0.8008, 0.8024/34, 0.8051, 0.8066/87, 0.8106, 0.8121, 0.8138, 0.8156, 0.8172, 0.8203/14, 0.8223, 0.8233, 0.8294, 0.8307, 0.8375, 0.8416, 0.8473/84, 0.8512, 0.8541, 0.8578, 0.8590, 0.8641, 0.8651/62, 0.8693, 0.8702, 0.8729, 0.8747/54, 0.8760/73, 0.8784, 0.8812, 0.8819/25, 0.8842/52, 0.8857/61, 0.8869, 0.8887/97, 0.8906/12, 0.8918/20, 0.8923/36, 0.8951/57, 0.8967/69, 0.8981/87, 0.8994/0.9010, 0.9035, 0.9041, 0.9042/48, 0.9054/57, 0.9061/66, 0.9072/79, 0.9102, 0.9110/19, 0.9127/37, 0.9147, 0.9162/67, 0.9179/89, 0.9200/08, 0.9214/26, 0.9232/74, 0.9286/94, 0.9304, 0.9311, 0.9328/34, 0.9343/53, 0.9359, 0.9386/0.9410, 0.9420/24, 0.9428/33, 0.9440/47, 0.9455/57, 0.9469 and 0.9483/86.
Above: 0.9500, 0.9524/27, 0.9536/42, 0.9571, 0.9585, 0.9592, 0.9620, 0.9640, 0.9664, 0.9676, 0.9689/96, 0.9710, 0.9732, 0.9757, 0.9791/94, 0.9841/96, 0.9900, 0.9925/83, 1.0000/18, 1.0052, 1.0099/1.0100, 1.0114/17, 1.0148/51, 1.0165/77, and 1.0181/82.
Support:
Initial: 0.7792, 0.7772, 0.7750/60, 0.7738/40, 0.7719/22, 0.7700, 0.7681/82, 0.7674, 0.7643, 0.7634, 0.7625, 0.7597 0.7590 and 0.7559.
Below: 0.7413, 0.7365, 0.7271 and 0.7234.
USD/CAD: Mildly Higher
Resistance:
Initial: 1.2304, 1.2351, 1.2361, 1.2378, 1.2386, 1.2406, 1.2421, 1.2448/58, 1.2471, 1.2563, 1.2585/91, 1.2613, 1.2615, 1.2625, 1.2662, 1.2696, 1.2772, 1.2797, 1.2822, and 1.2834.
Above: 1.2985, 1.3007/14, and 1.3062.
Support:
Initial: 1.2102, 1.2087, 1.2045, 1.2016, 1.1976, 1.1933, 1.1886, 1.1872/75, 1.1841, 1.1802, 1.1794/96, 1.1723/29, 1.1670/72, 1.1666, 1.1547/90, 1.1475, 1.1457/65, 1.1443/47, 1.1391/92, 1.1384, 1.1331/39, 1.1310/12, 1.1289/95, 1.1263/77, 1.1254, 1.1221/29, 1.1190/94, 1.1168/73, 1.1158, 1.1152, 1.1141, 1.1116/32, 1.1102/09, 1.1097/99, 1.1081/89, 1.1069/70, 1.1030/53, 1.0982/1.1001, 1.0962/66, 1.0954/59, 1.0941/45, 1.0934, 1.0925/28, 1.0915, 1.0903/09, 1.0894,1.0873/86, 0852/59, 1.0849, 1.0839/40, 1.0820/27, 1.0813, 1.0793/96, 1.0742/85, 1.0736, 1.0726, 1.0717, 1.0702/09, 1.0693, 1.0668/79, 1.0646/60, 1.0619/29, 1.0608,1.0580/87, 1.0567/71, 1.0558/59, 1.0546, 1.0519/22, and 1.0506.
Below: 1.0496/1.0502, 1.0471/87, 1.0459, 1.0441/44, 1.0414/18, 1.0401/04, 1.0390/92, 1.0379, 1.0355/68, 1.0333, 1.0324, 1.0309/12, 1.0283/1.0305, 1.0270/76, 1.0262, 1.0244/55, 1.0233/35, 1.0199/1.0226, 1.0172/82, 1.0165, 1.0151/56, 1.0148, 1.0128/42, 1.0103/05, 1.0081/99, 1.0050/56, 1.0029/34, 1.0018, 1.0012, 0.9993/98, 0.9984, 0.9969, 0.9945/60, 0.9931, 0.9922, 0.9902/07, 0.9899, 0.9858, 0.9814/26, 0.9724/99, 0.9686, 0.9645, 0.9631, 0.9525, 0.9445, and 0.9405.
NZD/USD: Lower
Resistance:
Initial: 0.7609, 0.7605/59, 0.7679/97, 0.7705/39, 0.7751/58, 0.7760/64, 0.7763, 0.7779/83, 0.7791/95, 0.7804/08, 0.7819/29, 0.7838/48, 0.7856/57, 0.7863/78, 0.7888, 0.7903/06, 0.7925/37, 0.7967, 0.7989/0.8013, 0.8030, 0.8040, 0.8049/60, 0.8075/82, 0.8100/09, 0.8114/37, 0.8147/53, 0.8160/76, 0.8186, 0.8195/97, 0.8204/14, 0.8221/41, 0.8250/55, 0.8263, 0.8268/71, 0.8280, 0.8285/87, 0.8291/95, 0.8302/16, 0.8322/66, 0.8376, 0.8389, 0.8406, 0.8413, 0.8421/61, 0.8472/79, 0.8487/89, and 0.8499.
Above: 0.8504/18, 0.8523/37, 0.8542/53, 0.8560/61, 0.8571/78, 0.8584/90, 0.8602/05, 0.8633/41, 0.8647/53, 0.8660/67, 0.8671/74, 0.8693/0.8700, 0.8712/18, 0.8734, 0.8744, 0.8764/77, 0.8789, 0.8792, 0.8821, 0.8834, and 0.8840.
Support:
Initial: 0.7585/95, 0.7528/55, 0.7484/0.7500, 0.7467, 0.7455/59, 0.7440/47, 0.7419/20, 0.7404, 0.7389/94, 0.7368, 0.7331/36, 0.7312, 0.7273, 0.7213, and 0.7174.
Below: 0.7112, 0.6806, 0.6639, and 0.6557.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.