The following table lists the key economic data and other events that are due out during the week of August 22nd – August 26th, 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 22nd
1:30pm CAD Wholesale Sales (0.5% expected, > good for currency)
Tuesday, August 23rd
5:00am JPY BOJ Governor Kuroda speaks (hawkish = good for currency)
8:00am EUR French Flash Manufacturing PMI (49.1 expected, > good for currency)
8:00am EUR French Flash Services PMI (50.6 expected, > good for currency)
8:30am EUR German Flash Manufacturing PMI (53.7 expected, > good for currency)
8:30am EUR German Flash Services PMI (54.3 expected, > good for currency)
9:00am EUR EZ Flash Manufacturing PMI (52.1 expected, > good for currency)
9:00am EUR EZ Flash Services PMI (53.0 expected, > good for currency)
3:00pm USD New Home Sales (575K expected, > good for currency)
11:45pm NZD Trade Balance (-320M expected, > good for currency)
Wednesday, August 24th
2:30am AUD Construction Work Done (-1.9% expected, > good for currency)
3:00pm USD Existing Home Sales (5.55M expected, > good for currency)
3:30pm USD Crude Oil Inventories (last -2.5M, > good for currency)
Thursday, August 25th
9:00am EUR German Ifo Business Climate (108.5 expected, > good for currency)
1:30pm USD Core Durable Goods Orders (0.4% expected, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (265K expected, < good for currency)
1:30pm USD Durable Goods Orders (3.5% expected, > good for currency)
All Day ALL Jackson Hole Symposium (hawkish = good for currency)
Friday, August 26th
12:30am JPY Tokyo Core CPI (-0.4% expected, > good for currency)
9:00am EUR EZ M3 Money Supply (5.0% expected, < good for currency)
9:30am GBP Second Estimate GDP (0.6% expected, > good for currency)
9:30am GBP Preliminary Business Investment (-0.9% expected, > good for currency)
1:30pm USD Preliminary GDP (1.1% expected, > good for currency)
3:00pm USD Federal Chairmen Yellen speaks (hawkish = good for currency)
3:00pm USD Revised University of Michigan Consumer Sentiment (90.6 expected, > good for currency)
All Day ALL Jackson Hole Symposium (hawkish = good for currency)
Saturday, August 27th
All Day ALL Jackson Hole Symposium (hawkish = good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Lower
Resistance:
Initial: 1.1294/1.1303, 1.1317/18, 1.1322/37, 1.1341/48, 1.1358/66, 1.1373/97, 1.1415/64, 1.1483, 1.1494/98, 1.1533, 1.1615, 1.1642, 1.1713, 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, 1.3126/30, 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: 1.1256/82, 1.1248, 1.1233/36, 1.1211/21, 1.1186/97, 1.1164/79, 1.1150/59, 1.1142/45, 1.1125/36, 1.1111/19, 1.1104, 1.1094/97, 1.1083, 1.1066/72, 1.1040/60, 1.1015/28, 1.1001/10, 1.0992/98, 1.0983/86, 1.0951/70, 1.0911/17, 1.0896, 1.0882/86, 1.0873, 1.0866, 1.0847/53, 1.0818/33, 1.0804/09, 1.0762/90, 1.0736, 1.0707, 1.0688, 1.0616, 1.0591/95, 1.0565/68, 1.0499, 1.0461, 1.0206 and 1.0104.
Below: 0.9607/21, 0.9599, 0.9451, 0.9338, 0.8840, 0.8822/28, 0.8594 and 0.8562.
USD/JPY: Mildly Lower
Resistance:
Initial: 100.75, 100.82/86, 101.08/27, 101.30/32, 101.42/45, 101.50/56, 101.60/83, 101.90/102.04, 102.13/14, 102.26, 102.33/40, 102.49/52, 102.57/82, 102.92/103.08, 103.30, 103.37/43, 103.54/58, 103.73/75, 103.82, 103.91/98, 104.07/26, 104.36, 104.63/68, 104.83/91, 105.05, 105.18, 105.30/33, 105.41/43, 105.54/59, 105.70, 106.15/25, 106.31/36, 106.54, 106.72/82, 107.05, 107.18, 107.38/39, 107.48, 107.62/66, 107.83/89, 108.00, 108.22/24, 108.42/46, 108.71, 108.98, 109.10, 109.41/45, 109.53/54, 109.72, 109.89/90, 110.08, 110.39/47, 110.58, 110.66, 110.97/111.03, 111.44, 111.60/66, 111.78/88, 112.01, 112.15, 112.30, 112.98, 113.38, 113.79, 113.98, 114.12, 114.55/65, 114.87, 115.56/58, 115.85, 115.92, 116.10/14, 116.28, 116.50, 116.82/117.02, 117.23, 117.43, 117.52, 117.65/76, 117.93/99, 118.04/05, 118.23/45, 118.62/67, 118.85/97, 119.01/06, 119.21/28, 119.37/46, 119.61/65, 119.80 and 119.95.
Above: 120.00/10, 120.17/27, 120.34/47, 120.56, 120.62/65, 120.73/82, 121.02, 121.19/23, 121.27/38, 121.48/49, 121.62/68, 121.80/84, 121.96, 122.01, 122.22/30, 122.44, 122.60/68, 122.87, 123.12, 123.25, 123.42/49, 123.71/78, 123.95, 124.05, 124.11/14, 124.22, 124.35/38, 124.43/46, 125.06, 125.27, 125.40, 125.67/75, 126.17, 126.41, 126.90 and 135.19.
Support:
Initial: 100.60/67, 100.38/48, 100.19/22, 99.94/100.00, 99.64/66, 99.53, 99.40, 99.25, 99.13/14, 98.84/99.00, 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 and 96.05.
Below: 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: 1.3056/63, 1.3078/79, 1.3093, 1.3104, 1.3119, 1.3204, 1.3227, 1.3284/89, 1.3300, 1.3314, 1.3339, 1.3371, 1.3415, 1.3477/80, 1.3501, 1.3532, 1.3561, 1.3653, 1.3683, 1.3835/40, 1.3853, 1.3877, 1.4000/11, 1.4041, 1.4052/56, 1.4079, 1.4089, 1.4108, 1.4130, 1.4148, 1.4170/79, 1.4232/34, 1.4247/51, 1.4298, 1.4321/25, 1.4331, 1.4345/51, 1.4361, 1.4374, 1.4385, 1.4396, 1.4406/18, 1.4432/44, 1.4451/72, 1.4513, 1.4529/34, 1.4546, 1.4581, 1.4603, 1.4615, 1.4634/37, 1.4659/69, 1.4692/98, 1.4725/38, 1.4768, 1.4785, 1.4812, 1.4830, 1.4856, 1.4868, 1.4872, 1.4884, 1.4913, 1.4927, 1.4943/50, 1.4966/67, 1.4985/88, 1.5007, 1.5013/17, 1.5026/33, 1.5053/56, 1.5072/77, 1.5081, 1.5092, 1.5101/06, 1.5123, 1.5130/36, 1.5152/64, 1.5173/80, 1.5185/87, 1.5195/99, 1.5208/23, 1.5236/41, 1.5260/68, 1.5276, 1.5293, 1.5304/05, 1.5313/51, 1.5382/84, 1.5392, 1.5403/40, 1.5457/58, 1.5467, 1.5476/85, 1.5496/99, 1.5505/08, 1.5514/20, 1.5529/33, 1.5538/51, 1.5561/68, 1.5584/96, 1.5601/19, 1.5624/27, 1.5646, 1.5656/58, 1.5669/74, 1.5683/92, 1.5714/17, 1.5725, 1.5750, 1.5763, 1.5775/89, 1.5803/07, 1.5817, 1.5825, 1.5844, 1.5853, 1.5874/77, 1.5886/93, 1.5900/27, 1.5948/61, 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, 1.6204/16, 1.6222/26, 1.6237/46, 1.6251/62, 1.6280/90, 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: 1.3020, 1.2991, 1.2955, 1.2902, 1.2863/79, 1.2849 and 1.2794.
Below: 1.1954, 1.1844 and 1.0520.
AUD/USD: Lower
Resistance:
Initial: 0.7607/09, 0.7614/18, 0.7625, 0.7630/36, 0.7642/48, 0.7653/57, 0.7663/81, 0.7693, 0.7700/10, 0.7718/22, 0.7725, 0.7735/40, 0.7748/64, 0.7772/84, 0.7791/92, 0.7817, 0.7825, 0.7834/88, 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: 0.7590/98, 0.7565/71, 0.7558/59, 0.7544/47, 0.7520, 0.7502/09, 0.7486/92, 0.7469/76, 0.7452, 0.7440/46, 0.7413/20, 0.7405/07, 0.7393, 0.7362/79, 0.7337/43, 0.7314/26, 0.7303, 0.7284, 0.7295/0.7303, 0.7279/84, 0.7265/71, 0.7241/58, 0.7234, 0.7221/23, 0.7214/15, 0.7203/07, 0.7197, 0.7181/85, 0.7175, 0.7152/61, 0.7140/48, 0.7108, 0.7098, 0.7083, 0.7062/69, 0.7047, 0.7030/34, 0.7021/24, 0.7001/02, 0.6945, 0.6936/37, 0.6918, 0.6907, 0.6852, 0.6826, 0.6773, 0.6753, 0.6697, 0.6670 and 0.6555.
Below: 0.6339/41, 0.6317, 0.5804, 0.5795, 0.5730, 0.5645, 0.5490, 0.5399, 0.5228, 0.4815 and 0.4773.
USD/CAD: Higher
Resistance:
Initial: 1.2922, 1.2935, 1.2950/56, 1.2970/75, 1.2981/89, 1.2994/95, 1.3000/14, 1.3021, 1.3037/39, 1.3054, 1.3062/69, 1.3079, 1.3084/89, 1.3097/99, 1.3101, 1.3115/19, 1.3133/38, 1.3143/47, 1.3161/66, 1.3174, 1.3184/90, 1.3197/99, 1.3212/17, 1.3233, 1.3241/52, 1.3260/64, 1.3270/83, 1.3295, 1.3305/16, 1.3323/25, 1.3352, 1.3367/74, 1.3385/95, 1.3404, 1.3415, 1.3434, 1.3456, 1.3504, 1.3586, 1.3606, 1.3638, 1.3652/61, 1.3672, 1.3687, 1.3756, 1.3780, 1.3813/14, 1.3845, 1.3858, 1.3872, 1.3910, 1.3939/46 and 1.3992/1.4015.
Above: 1.4035, 1.4101, 1.4113, 1.4195, 1.4277, 1.4324, 1.4430, 1.4605/24, 1.4689/93, 1.4894, 1.5024, 1.5065, 1.5150, 1.5182, 1.5322, 1.5632, 1.5830, 1.5855, 1.6054 and 1.6196.
Support:
Initial: 1.2900/14, 1.2884, 1.2875, 1.2860/64, 1.2856, 1.2830/36, 1.2822, 1.2797/98, 1.2770/78, 1.2757/62, 1.2742, 1.2716, 1.2693/96, 1.2677, 1.2654/62, 1.2631, 1.2625, 1.2615, 1.2613, 1.2609, 1.2585/92, 1.2563, 1.2537, 1.2497, 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: 0.7227/38, 0.7254, 0.7273, 0.7296, 0.7304/05, 0.7312/15, 0.7319/22, 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: 0.7210/17, 0.7195/99, 0.7174, 0.7162, 0.7138/45, 0.7112, 0.7102/05, 0.7085/91, 0.7076/79, 0.7065, 0.7048/52, 0.7014, 0.6996, 0.6978, 0.6949/67, 0.6923, 0.6890/95, 0.6881, 0.6872/76, 0.6857/63, 0.6828/45, 0.6804/21, 0.6790, 0.6784, 0.6771/73, 0.6750/60, 0.6734/38, 0.6720/24, 0.6706/13, 0.6693/96, 0.6666/85, 0.6639/41, 0.6616/20, 0.6584/0.6609, 0.6585, 0.6571/73, 0.6556/63, 0.6538/43, 0.6529, 0.6519 and 0.6504/07.
Below: 0.6491/97, 0.6466, 0.6447/55, 0.6435, 0.6423/27, 0.6415, 0.6400/07, 0.6396, 0.6379/88, 0.6345, 0.6287, 0.6269, 0.6254, 0.6248, 0.6242, 0.6234, 0.6022, 0.5991, 0.5926, 0.5914, 0.5682, 0.5673, 0.5608, 0.5637/41, 0.5480 and 0.5324.
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.