The following table lists the key economic data and other events that are due out during the week of June 27th – July 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, June 26th
All Day EUR Spanish Parliamentary Election (Hung parliament = bad for currency)
11:45pm NZD Trade Balance (185M expected, > good for currency)
Monday, June 27th
9:00am EUR M3 Money Supply (4.8% expected, < good for currency)
Tuesday, June 28th
1:30pm USD Final GDP (1.0% expected, > good for currency)
3:00pm USD CB Consumer Confidence (93.2 expected, > good for currency)
5:00pm CHF Governor Board Member Zurbrugg speaks (hawkish = good for currency)
Wednesday, June 29th
12:50am JPY Retail Sales (-1.6% expected, > good for currency)
All Day EUR Italian Bank Holiday
All Day EUR German Preliminary CPI (0.1% expected, > good for currency)
8:00am EUR Spanish Flash CPI (-0.9% expected, > good for currency)
9:30am GBP Net Lending to Individuals (2.9B expected, > good for currency)
1:30pm USD Core PCE Price Index (0.2% expected, > good for currency)
1:30pm USD Personal Spending (0.3% expected, > good for currency)
3:00pm USD Pending Home Sales (-0.9% expected, > good for currency)
3:30pm USD Crude Oil Inventories (last -0.9M, > good for currency)
9:30pm USD Bank Stress Test Results (failures = bad for currency)
Thursday, June 30th
2:00am NZD ANZ Business Confidence (last 11.3, > good for currency)
7:00am EUR German Retail Sales (0.6% expected, > good for currency)
8:00am CHF KOF Economic Barometer (103.4 expected, > good for currency)
8:55am EUR German Unemployment Change (-5K expected, < good for currency)
9:30am GBP Current Account (-28.1B expected, > good for currency)
9:30am GBP Final GDP (0.4% expected, > good for currency)
10:00am EUR CPI Flash Estimate (0.0% expected, > good for currency)
10:00am EUR Core CPI Flash Estimate (0.8% expected, > good for currency)
12:30pm EUR ECB Monetary Policy Meeting Accounts (hawkish = good for currency)
1:30pm CAD GDP (0.1% expected, > good for currency)
1:30pm CAD RMPI (last 0.7%, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (269K expected, < good for currency)
2:45pm USD Chicago PMI (50.4 expected, > good for currency)
Friday, July 1st
12:30am JPY Household Spending (-0.9% expected, > good for currency)
12:30am JPY Tokyo Core CPI (-0.5% expected, > good for currency)
12:50am JPY Tankan Manufacturing Index (4 expected, > good for currency)
12:50am JPY Tankan Non-Manufacturing Index (19 expected, > good for currency)
2:00am CNY Manufacturing PMI (50.0 expected)
2:00am CNY Non-Manufacturing PMI (last 53.1)
2:45am CNY Caixin Manufacturing PMI (49.1 expected)
8:15am EUR Spanish Manufacturing PMI (52.1 expected, > good for currency)
9:30am GBP Manufacturing PMI (50.2 expected, > good for currency)
All Day CAD Bank Holiday
3:00pm USD ISM Manufacturing PMI (51.6 expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Mildly lower
Resistance:
Initial: 1.1005/10, 1.1016/17, 1.1040/57, 1.1066/72, 1.1094/97, 1.1104, 1.1111/15, 1.1128/36, 1.1142/44, 1.1150, 1.1159, 1.1170/79, 1.1192, 1.1211/19, 1.1233/36, 1.1248, 1.1256/82, 1.1294/1.1303, 1.1317/18, 1.1325/37, 1.1341/48, 1.1358, 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: 1.0992/98, 1.0983/86, 1.0967/68, 1.0960, 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: Lower
Resistance:
Initial: 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, 104.07/26, 104.36, 104.63/68, 104.83/91, 105.05, 105.18, 105.30/33, 105.41/43, 105.54, 105.70, 106.15/25, 106.36, 106.80/82, 107.05, 107.18, 107.38/39, 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: 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, 100.00, 99.94, 99.66, 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: 1.3501, 1.3561, 1.3653, 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: 1.3415.
Below: 1.3227.
AUD/USD: Mildly higher
Resistance:
Initial: 0.7413, 0.7440/46, 0.7469/76, 0.7487/92, 0.7503/09, 0.7547, 0.7559, 0.7590/98, 0.7614/18, 0.7625, 0.7630/36, 0.7642/48, 0.7653, 0.7667/81, 0.7693, 0.7700/10, 0.7718/22, 0.7725, 0.7735/40, 0.7750/64, 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: 0.7405, 0.7393, 0.7362/79, 0.7337/43, 0.7314/26, 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: 1.3062/69, 1.3079, 1.3084/89, 1.3097/99, 1.3101, 1.3115/16, 1.3133/36, 1.3143/45, 1.3161/66, 1.3174, 1.3187/90, 1.3197, 1.3212/17, 1.3233, 1.3241/45, 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: 1.3054, 1.3037/39, 1.3021, 1.3007/14, 1.2994, 1.2981/89, 1.2970, 1.2950/56, 1.2935, 1.2922, 1.2900/14, 1.2884, 1.2856, 1.2830/36, 1.2822, 1.2797, 1.2770/78, 1.2757, 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 higher
Resistance:
Initial: 0.7076/79, 0.7091, 0.7102, 0.7112, 0.7145, 0.7174, 0.7199, 0.7213, 0.7230, 0.7273, 0.7296, 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: 0.7048/52, 0.6996, 0.6950/67, 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.