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 August 17th – August 21st, 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
Monday, August 17th
12:50am JPY Preliminary GDP (-0.5% expected, > good for currency)
8:15am CHF Retail Sales (-0.6% expected, > good for currency)
1:30pm CAD Foreign Securities Purchases (-5.95B expected, > good for currency)
1:30pm USD Empire State Manufacturing Index (5.0 expected, > good for currency)
Tuesday, August 18th
2:30am AUD Monetary Policy Meeting Minutes (hawkish = good for currency)
9:30am GBP CPI (0.0% expected, > good for currency)
9:30am GBP PPI Input (-1.3% expected, > good for currency)
9:30am GBP RPI (0.9% expected, > good for currency)
1:30pm USD Building Permits (1.21M expected, > good for currency)
1:30pm USD Housing Starts (1.20M expected, > good for currency)
Tentative NZD GDT Price Index (last -9.3%, > good for currency)
11:45pm NZD PPI Input (-0.5% expected, > good for currency)
Wednesday, August 19th
12:50am JPY Trade Balance (-0.16T expected, > good for currency)
1:30pm USD CPI (0.2% expected, > good for currency)
1:30pm USD Core CPI (0.2% expected, > good for currency)
3:30pm USD Crude Oil Inventories (last -1.7M, > good for currency)
7:00pm USD FOMC Meeting Minutes (hawkish = good for currency)
Thursday, August 20th
Tentative JPY Monetary Policy Statement (hawkish = good for currency)
7:00am CHF Trade Balance (2.59B expected, > good for currency)
Tentative JPY BOJ Press Conference (hawkish = good for currency)
7:45am USD FOMC Member Williams speaks (hawkish = good for currency)
9:30am GBP Retail Sales (0.2% expected, > good for currency)
1:30pm CAD Wholesale Sales (0.2% expected, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (272K expected, < good for currency)
3:00pm USD Philly Fed Manufacturing Index (7.2 expected, > good for currency)
3:00pm USD Existing Home Sales (5.45M expected, > good for currency)
Friday, August 21st
2:45am CNY Caixin Flash Manufacturing PMI (48.1 expected)
8:00am EUR French Flash Manufacturing PMI (last 49.6, > good for currency)
8:00am EUR French Flash Services PMI (last 52.0, > good for currency)
8:30am EUR German Flash Manufacturing PMI (last 51.8, > good for currency)
8:30am EUR German Flash Services PMI (last 53.8, > good for currency)
9:00am EUR Flash Manufacturing PMI (last 52.4, > good for currency)
9:00am EUR Flash Services PMI (last 54.0, > good for currency)
9:30am GBP Public Sector Net Borrowing (-2.3B expected, < good for currency)
1:30pm CAD Core CPI (0.0% expected, > good for currency)
1:30pm CAD Core Retail Sales (0.6% expected, > good for currency)
1:30pm CAD CPI (0.1% expected, > good for currency)
1:30pm CAD Retail Sales (0.3% expected, > good for currency)
2:45pm USD Flash Manufacturing PMI (53.5 expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Higher
Resistance:
Initial: 1.1094/97, 1.1113, 1.1114, 1.1142, 1.1150, 1.1159, 1.1192, 1.1211/19, 1.1261/79, 1.1297/1.1303, 1.1375/79, 1.1385/91, 1.1422/34, 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: 1.1048, 1.1040, 1.1017, 1.1005/10, 1.0998, 1.0986, 1.0984, 1.0983, 1.0968, 1.0960, 1.0915/17, 1.0882/86, 1.0873, 1.0866, 1.0847/55, 1.0819/27, 1.0818, 1.0807, 1.0762/90, 1.0736, 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: Lower
Resistance:
Initial: 124.38, 124.43/46, 125.06, 125.27 and 125.40.
Above: 124.14, 125.67/75, 126.17, 126.41, 126.90, and 135.19.
Support:
Initial: 124.35, 124.22, 124.11/14, 124.05, 123.95, 123.71/78, 123.42/49, 123.12, 122.86, 122.68, 122.60/64, 122.44, 122.01, 121.96, 121.80/84, 121.65, 121.62, 121.27/38, 121.19, 120.73/82, 120.40, 120.36/47, 120.34, 120.17/26, 120.02, 119.95, 119.80, 119.62, 119.37/41, 119.21/28, 119.01, 118.85/97, 118.62, 118.23/45, 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: Higher
Resistance:
Initial: 1.5646, 1.5656/59, 1.5669, 1.5673/74, 1.5683/92, 1.5714/17, 1.5725, 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: 1.5624/27, 1.5601/19, 1.5596, 1.5584/92, 1.5563, 1.5561/68, 1.5538/51, 1.5533, 1.5529, 1.5520, 1.5514/16, 1.5506, 1.5498/99, 1.5485, 1.5481, 1.5476/79, 1.5457/58, 1.5434/40, 1.5403/27, 1.5392, 1.5384, 1.5329, 1.5313/51, 1.5304, 1.5293, 1.5276, 1.5260/68, 1.5237/39, 1.5208/23, 1.5195/98, 1.5173/87, 1.5163/64, 1.5152/57, 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, 1.4856, 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: 0.7379, 0.7393, 0.7413, 0.7438/44, 0.7469, 0.7487, 0.7504,0.7559, 0.7590 0.7597/92, 0.7614, 0.7625, 0.7634, 0.7642/43, 0.7653, 0.7674, 0.7681, 0.7700/10, 0.7719/22, 0.7725, 0.7738/40, 0.7750/60, 0.7772/84, 0.7791/92, 0.7817, 0.7825, 0.7840/88, 0.7912, 0.7919, 0.7950, 0.7988, 0.8008, 0.8020, 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: 0.7370, 0.7365, 0.7338, 0.7302, 0.7295, 0.7266.
Below: 0.7271, 0.7234 and 0.7214/15.
USD/CAD: Lower
Resistance:
Initial: 1.3099, 1.3101, 1.3115, 1.3141, 1.3156, 1.3181 and 1.3212.
Above: 1.3007/14 and 1.3062.
Support:
Initial: 1.3021, 1.2994, 1.2985, 1.2951, 1.2859, 1.2834, 1.2822, 1.2797, 1.2772/78, 1.2696/94, 1.2662, 1.2631, 1.2625, 1.2615, 1.2613, 1.2609, 1.2585/91, 1.2563, 1.2537, 1.2471, 1.2456/61, 1.2448/58, 1.2436, 1.2421, 1.2406, 1.2386, 1.2378, 1.2361/66, 1.2351, 1.2333, 1.2287, 1.2244, 1.2126, 1.2091, 1.2045, 1.2030, 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: Mildly Lower
Resistance:
Initial: 0.6557, 0.6585, 0.6599, 0.6609, 0.6639/48, 0.6679, 0.6693, 0.6734, 0.6806, 0.6838, 0.6923, 0.6966, 0.7051, 0.7076, 0.7102, 0.7112, 0.7174, 0.7199, 0.7213, 0.7230, 0.7273, 0.7305, 0.7312, 0.7331/36, 0.7368, 0.7394, 0.7404, 0.7419/20, 0.7433, 0.7440/47, 0.7455/59, 0.7467, 0.7484/0.7500, 0.7528/55, 0.7585/95, 0.7609, 0.7605/59, 0.7679/97, 0.7705/35, 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: 0.6538, 0.6507/12, 0.6496, 0.6489 and 0.6466.
Below: 0.6436, 0.6263, 0.6152, 0.6032, 0.5991 and 0.5926.
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.