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 March 30th – April 3rd, 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 March 30th
12:50am JPY Preliminary Industrial Production (-1.8% expected, > good for currency)
All Day EUR German Preliminary CPI (0.4% expected, > good for currency)
8:00am CHF KOF Economic Barometer (89.3 expected, > good for currency)
8:00am EUR Spanish Flash CPI (-1.0% expected, > good for currency)
9:30am GBP Net Lending to Individuals (2.5B expected, > good for currency)
1:30pm CAD RMPI (5.1% expected, > good for currency)
1:30pm USD Core PCE Price Index (0.1% expected, > good for currency)
1:30pm USD Personal Spending (0.3% expected, > good for currency)
3:00pm USD Pending Home Sales (0.5% expected, > good for currency)
10:45pm NZD Building Consents (last -3.8%, > good for currency)
Tuesday March 31st
12:15am USD FOMC Member Fischer speaks (hawkish = good for currency)
1:00am NZD ANZ Business Confidence (last 34.4, > good for currency)
2:30am JPY Average Cash Earnings (0.7% expected, > good for currency)
7:00am EUR German Retail Sales (-0.9% expected, > good for currency)
7:45am EUR French Consumer Spending (0.3% expected, > good for currency)
8:55am EUR German Unemployment Change (-10K expected, < good for currency)
9:30am GBP Current Account (-21.2B expected, > good for currency)
9:30am GBP Final GDP (0.5% expected, > good for currency)
10:00am EUR CPI Flash Estimate (-0.3% expected, > good for currency)
10:00am EUR Core CPI Flash Estimate (0.6% expected, > good for currency)
10:00am EUR Unemployment Rate (11.2% expected, < good for currency)
1:00pm USD FOMC Member Lacker speaks (hawkish = good for currency)
1:30pm CAD GDP (0.2% expected, > good for currency)
1:50pm USD FOMC Member Lockhart speaks (hawkish = good for currency)
2:45pm USD Chicago PMI (52.5 expected, > good for currency)
3:00pm USD CB Consumer Confidence (96.6 expected, > good for currency)
Wednesday April 1st
12:50am JPY Tankan Manufacturing Index (14 expected, > good for currency)
12:50am JPY Tankan Non-Manufacturing Index (17 expected, > good for currency)
1:30am AUD Building Approvals (-3.7% expected, > good for currency)
2:00am CNY Manufacturing PMI (49.7 expected)
2:00am CNY Non-Manufacturing PMI (last 53.9)
2:45am CNY HSBC (LONDON:HSBA) Final Manufacturing PMI (49.3 expected)
8:15am EUR Spanish Manufacturing PMI (54.0 expected, > good for currency)
8:45am EUR Italian Manufacturing PMI (52.3 expected, > good for currency)
9:30am GBP Manufacturing PMI (54.5 expected, > good for currency)
1:15pm USD ADP Non-farm Payrolls (231K expected, > good for currency)
2:00pm USD FOMC Member Williams speaks (hawkish = good for currency)
3:00pm USD ISM Manufacturing PMI (52.5 expected, > good for currency)
3:30pm USD Crude Oil Inventories (last 8.2M, > good for currency)
3:30pm USD FOMC Member Lockhart speaks (hawkish = good for currency)
Tentative NZD GDT Price Index (last -8.8%, > good for currency)
Thursday April 2nd
1:30am AUD Trade Balance (-1.25B expected, > good for currency)
2nd–7th GBP Halifax HPI (last -0.3%, > good for currency)
9:30am GBP Construction PMI (60.4 expected, > good for currency)
12:30pm EUR ECB Monetary Policy Meeting Accounts (hawkish = good for currency)
1:30pm CAD Trade Balance (-91.8B expected, > good for currency)
1:30pm USD Trade Balance (-41.5B expected, > good for currency)
1:30pm USD Weekly initial Jobless Claims (285K expected, < good for currency)
3:00pm USD Factory Orders (0.0% expected, > good for currency)
Friday April 3rd
2:45am CNY HSBC Services PMI (last 52.0)
1:30pm USD Non-Farm Employment Change (251K expected, > good for currency)
1:30pm USD Unemployment Rate (5.5% expected, < good for currency)
1:30pm USD Average Hourly Earnings (0.2% expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Lower
Resistance:
Initial: 1.0917, 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: 1.0882, 1.0762/90, 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 Lower
Resistance:
Initial: 119.37/41, 119.62, 119.83, 119.95, 120.02, 120.17/26, 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: 119.21/28, 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: Lower
Resistance:
Initial: 1.4872, 1.4884, 1.4927, 1.4950, 1.4966/67, 1.4985/88, 1.5007, 1.5013, 1.5026/33, 1.5056, 1.5072/77, 1.5081, 1.5092, 1.5101, 1.5123, 1.5130, 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: 1.4868, 1.4856, 1.4830, 1.4812, 1.4785, 1.4698 and 1.4634.
Below: 1.4345 and 1.4232.
AUD/USD: Lower
Resistance:
Initial: 0.7738/40, 0.7750/60, 0.7772, 0.7792, 0.7840/88, 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: 0.7719/22, 0.7700, 0.7681, 0.7674, 0.7643, 0.7625, 0.7590 and 0.7559.
Below: 0.7413, 0.7365, 0.7271 and 0.7234.
USD/CAD: Mildly Higher
Resistance:
Initial: 1.2613, 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: 1.2585/91, 1.2563, 1.2448/58, 1.2421, 1.2406, 1.2386, 1.2378, 1.2361, 1.2351, 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: Mildly Higher
Resistance:
Initial: 0.7585/95, 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: 0.7528/55, 0.7484/0.7500, 0.7467, 0.7455/59, 0.7440/47, 0.7419, 0.7404, 0.7394, 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.