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 January 25th – January 29th, 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, January 25th
12:30am AUD NAB Business Confidence (last 5 expected, > good for currency)
9:00am EUR German Ifo Business Climate (108.5 expected, > good for currency)
6:00pm EUR ECB President Draghi speaks (hawkish = good for currency)
All Day AUD Bank Holiday
Tuesday, January 26th
10:45am GBP BOE Governor Carney speaks (hawkish = good for currency)
3:00pm USD CB Consumer Confidence (96.6 expected, > good for currency)
Wednesday, January 27th
12:30am AUD CPI (0.3% expected, > good for currency)
12:30am AUD Trimmed Mean CPI (0.5% expected, > good for currency)
2:00pm USD New Home Sales (503K expected, > good for currency)
3:30pm USD Crude Oil Inventories (last 4.0M expected, > good for currency)
7:00pm USD FOMC Statement (hawkish = good for currency)
7:00pm USD Federal Funds Rate (unchanged at good for currency)
8:00pm NZD Official Cash Rate (unchanged at 2.50% expected, > good for currency)
8:00pm NZD RBNZ Rate Statement (hawkish = good for currency)
9:45pm NZD Trade Balance (-130M expected, > good for currency)
11:50pm JPY Retail Sales (0.2% expected, > good for currency)
Thursday, January 28th
12:30am AUD Import Prices (-0.8% expected, > good for currency)
All Day EUR German Preliminary CPI (-0.8% expected, > good for currency)
8:00am EUR Spanish Unemployment Rate (21.3% expected,
9:30am GBP Preliminary GDP (0.5% expected, > good for currency)
1:30pm USD Core Durable Goods Orders (0.0% expected, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (281K expected,
1:30pm USD Durable Goods Orders (-0.7% expected, > good for currency)
3:00pm USD Pending Home Sales (1.1% expected, > good for currency)
11:30pm JPY Household Spending (-2.3% expected, > good for currency)
11:30pm JPY Tokyo Core CPI (0.1% expected, > good for currency)
Friday, January 29th
12:30am AUD PPI (0.6% expected, > good for currency)
Tentative JPY Monetary Policy Statement (hawkish = good for currency)
5:00am JPY BOJ Outlook Report (hawkish = good for currency)
Tentative JPY BOJ Press Conference (hawkish = good for currency)
7:00am EUR German Retail Sales (0.3% expected, > good for currency)
8:00am CHF KOF Economic Barometer (95.9 expected, > good for currency)
8:00am EUR Spanish Flash CPI (0.1% expected, > good for currency)
8:00am EUR Spanish Flash GDP (0.8% expected, > good for currency)
9:00am EUR EZ M3 Money Supply (5.2% expected,
10:00am EUR EZ CPI Flash Estimate (0.4% expected, > good for currency)
10:00am EUR EZ Core CPI Flash Estimate (0.9% expected, > good for currency)
1:30pm CAD GDP (last 0.0% expected, > good for currency)
1:30pm CAD RMPI (last -4.0% expected, > good for currency)
1:30pm USD Advance GDP (0.8% expected, > good for currency)
1:30pm USD Advance GDP Price Index (1.2% expected, > good for currency)
1:30pm USD Employment Cost Index (0.6% expected, > good for currency)
1:30pm USD Goods Trade Balance (-60.0B expected, > good for currency)
2:45pm USD Chicago PMI (45.4 expected, > good for currency)
3:00pm USD Revised University of Michigan Consumer Sentiment (93.1 expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Higher
Resistance:
Initial: 1.0818/33, 1.0847/53, 1.0866, 1.0873, 1.0882/86, 1.0896, 1.0915/17, 1.0960, 1.0968/75, 1.0983/86, 1.0992/98, 1.1005/10, 1.1016/17, 1.1040, 1.1048/52, 1.1072, 1.1094/97, 1.1104, 1.1113/15, 1.1133/34, 1.1142/44, 1.1150, 1.1159, 1.1170/75, 1.1192, 1.1211/19, 1.1256/80, 1.1294/1.1303, 1.1317/18, 1.1331/33, 1.1375/91, 1.1422/34, 1.1442/49, 1.1459, 1.1483, 1.1494/98, 1.1533, 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: 1.0804/07, 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 Higher
Resistance:
Initial: 118.85/97, 119.01, 119.21/28, 119.37/46, 119.61/65, 119.80, 119.95, 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, 121.62/65, 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, and 125.40.
Above: 125.67/75, 126.17, 126.41, 126.90, and 135.19.
Support:
Initial: 118.62/67, 118.23/45, 118.04/11, 117.93/99, 117.76, 117.43, 117.23, 116.82/117.02, 116.50, 116.10/14 115.96, 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: 1.4340/51, 1.4362, 1.4603, 1.4615, 1.4634, 1.4692/98, 1.4733, 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, 1.5013/14, 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: 1.4250/51, 1.4232 and 1.4108.
Below: 1.4079, 1.3653 and 1.3501.
AUD/USD: Higher
Resistance:
Initial: 0.7020/24, 0.7030/34, 0.7045/47, 0.7062/69, 0.7083, 0.7098, 0.7154/70, 0.7181/84, 0.7197, 0.7207, 0.7214/15, 0.7221/23, 0.7234, 0.7244/49, 0.7265/71, 0.7279/82, 0.7295, 0.7302, 0.7326, 0.7338, 0.7343, 0.7362/65, 0.7370, 0.7379, 0.7393, 0.7413, 0.7444, 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: 0.7001, 0.6945, 0.6936/37, 0.6918, 0.6907, 0.6852, 0.6826/27, 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: Mildly Lower
Resistance:
Initial: 1.4195, 1.4277, 1.4430, 1.4605/24, 1.4689/93 and 1.4894.
Above: 1.5024, 1.5065, 1.5150, 1.5182, 1.5322, 1.5632, 1.5830, 1.5855, 1.6054 and 1.6196.
Support:
Initial: 1.4113, 1.4064, 1.4035, 1.3992/1.4006, 1.3939, 1.3872, 1.3813/14, 1.3780, 1.3756, 1.3687, 1.3672, 1.3606, 1.3456, 1.3434, 1.3415, 1.3395, 1.3367/74, 1.3352, 1.3323/25, 1.3316, 1.3305/09, 1.3270/79, 1.3260/64, 1.3241/45, 1.3233, 1.3212, 1.3197, 1.3190, 1.3174, 1.3136, 1.3115/16, 1.3101, 1.3099, 1.3089, 1.3079, 1.3062, 1.3054, 1.3037/39, 1.3021, 1.3007/14, 1.2994, 1.2985, 1.2970, 1.2935, 1.2900, 1.2830/34, 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: Higher
Resistance:
Initial: 0.6512/19, 0.6538, 0.6557, 0.6571, 0.6585/0.6609, 0.6616/20, 0.6639/41, 0.6679, 0.6693/96, 0.6706, 0.6720, 0.6734/38, 0.6784, 0.6790, 0.6806/11, 0.6828, 0.6838/44, 0.6863, 0.6881, 0.6895, 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: 0.6504/07, 0.6491/97, 0.6466, 0.6448/55, 0.6435, 0.6423/27, 0.6400/07, 0.6396, 0.6379/88, 0.6345, 0.6287, 0.6269, 0.6254, 0.6248, 0.6242, and 0.6234.
Below: 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.