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 April 14th–April 18th, 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.
Sunday, April 13th
- Day 3 ALL IMF Meetings (hawkish = good for currency)
- 6:30pm USD FOMC Member Stein speaks (hawkish = good for currency)
Monday, April 14th
- 10:00am EUR Industrial Production (0.3% expected, > good for currency)
- 1:30pm USD Core Retail Sales (0.5% expected, > good for currency)
- 1:30pm USD Retail Sales (0.8% expected, > good for currency)
- 3:00pm USD Business Inventories (0.5% expected, > good for currency)
Tuesday, April 15th
- 2:30am AUD Monetary Policy Meeting Minutes (hawkish = good for currency)
- 9:30am GBP CPI (1.6% expected, > good for currency)
- 10:00am EUR German ZEW Economic Sentiment (46.3 expected, > good for currency(
- 1:30pm CAD Manufacturing Sales (1.1% expected, > good for currency)
- 1:30pm USD Core CPI (0.1% expected, > good for currency)
- 1:45pm USD Fed Chair Yellen speaks (hawkish = good for currency)
- 11:45pm NZD CPI (0.5% expected, > good for currency)
Wednesday, April 16th
- 3:00am CNY GDP (7.4% expected, > good for currency)
- 3:00am CNY Industrial Production (9.1% expected, > good for currency)
- 7:15am JPY BOJ Governor Kuroda speaks (hawkish = good for currency)
- 9:30am GBP Claimant Count Change (-30.2K expected, < good for currency)
- 9:30am GBP Unemployment Rate (7.2% expected, < good for currency)
- 1:30pm USD Building Permits (1.00M expected, > good for currency)
- 3:00pm CAD BOC Monetary Policy Report (hawkish = good for currency)
- 3:00pm CAD BOC Rate Statement (hawkish = good for currency)
- 3:00pmCAD Overnight Rate Decision (unchanged at 1.00% expected, > good for currency)
- 4:15pm CAD BOC Press Conference (hawkish = good for currency)
- 5:15pm USD Fed Chair Yellen speaks (hawkish = good for currency)
Thursday, April 17th
- 1:30am JPY BOJ Governor Kuroda speaks (hawkish = good for currency)
- 1:30pm CAD Core CPI (0.3% expected, > good for currency)
- 1:30pm USD Weekly Initial Jobless Claims (316K expected, < good for currency)
- 3:00pm USD Philly Fed Manufacturing Index (9.6 expected, > good for currency)
- All Day NZD Bank Holiday
- All Day AUD Bank Holiday
Friday, April 18th
- 12:50am JPY Tertiary Industry Activity (0.2% expected, > good for currency)
- All Day CHF Bank Holiday
- All Day EUR German Bank Holiday
- All Day GBP Bank Holiday
- All Day CAD Bank Holiday
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Higher
Resistance:
Initial: 1.3875, 1.3892, 1.3905/14, 1.3937, 1.3947, 1.3966/69, 1.4000, 1.4246 and 1.4500/17.
Above: 1.4695 and 1.4939.
Support:
Initial: 1.3845/47, 1.3832/36, 1.3824, 1.3810/20, 1.3795/98, 1.3758/72, 1.3748, 1.3731/39, 1.3714/16, 1.3703/10, 1.3685/99, 1.3682/86, 1.3664/72, 1.3642/50, 1.3621/31, 1.3602/14, 1.3597, 1.3546/81, 1.3538, 1.3507/24, 1.3489/1.3504, 1.3476/82, 1.3451, 1.3441, 1.3433/34, 1.3416, 1.3398/1.3409, 1.3376/89, 1.3344/53, 1.3318/24, 1.3305/08, 1.3294/99, 1.3222/42, 1.3187/1.3206, 1.3172/77, 1.3161/65, 1.3126, 1.3093/1.3106, 1.3077, 1.3059/66 and 1.3047.
Below: 1.3000, 1.2904/98, 1.2837/79, 1.2821, 1.2795/1.2805, 1.2744/54, 1.2623/92, 1.2588/89, 1.2501/19, 1.2407/96, 1.2381/91, 1.2323/33, 1.2241/55. 1.2162, 1.2143, 1.2133, 1.2041 and 1.1938.
USD/JPY: Mildly Lower
Resistance:
Initial: 101.62/71, 101.83, 101.91/102.01, 102.14, 102.49/52, 102.57/69, 102.75/82, 102.93/97, 103.30, 103.37/43, 103.73/75, 103.82, 103.91, 104.07/19, 104.36, 104.63, 104.83/91, 105.18, 105.33 and 105.41/43.
Above: 107.18, 108.42, 110.39/47 and 111.60.
Support:
Initial: 101.52/56, 101.43, 101.19/27, 101.13/14, 100.85/86, 100.75, 100.60/65, 100.38/48, 100.22, 100.00, 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, and 95.44.
Below: 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: 1.6745, 1.6755, 1.6768, 1.6785, 1.6802, 1.6819/22 and 1.6874.
Above: 1.6909, and 1.7042/47.
Support:
Initial: 1.6716/24, 1.6683, 1.6665/67, 1.6640/50, 1.6624, 1.6611/17, 1.6592, 1.6576/86, 1.6548, 1.6516, 1.6484, 1.6458/65, 1.6441, 1.6417/18,1.6400, 1.6394, 1.6380/83, 1.6376, 1.6348, 1.6336, 1.6298/1.6309, 1.6290, 1.6251/62, 1.6239/46, 1.6222/24, 1.6215/16, 1.6195/98, 1.6177, 1.6155, 1.6130/36, 1.6109/21, 1.6083/96, 1.6071/77, 1.6051/66, 1.6001/08, 1.5975/91, 1.5956/61, 1.5948, 1.5900/27, 1.5886/93, 1.5874/77, 1.5853, 1.5844, 1.5825, 1.5803/07, 1.5775/81, 1.5750, 1.5714/17, 1.5683/92, 1.5673, 1.5624/56, 1.5601/15, 1.5591, 1.5561/68, 1.5538/45 and 1.5514/16.
Below: 1.5498/99, 1.5476/79, 1.5458, 1.5434, 1.5427, 1.5403/21, 1.5313/92, 1.5304, 1.5293, 1.5260/62, 1.5237/39, 1.5208/23, 1.5198, 1.5173/87, 1.5164, 1.5152/57, 1.5130, 1.5123, 1.5101, 1.5092, 1.5081, 1.5072/75, 1.5026/32, 1.5013, 1.5007. 1.4985, 1.4966/67, 1.4884, 1.4872, 1.4856, 1.4830, 1.4812 and 1.4785, 1.4345 and 1.4232.
AUD/USD: Mildly Higher
Resistance:
Initial: 0.9391/98, 0.9404, 0.9420, 0.9428/33, 0.9447, 0.9457 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: 0.9383/86, 0.9343/64, 0.9317/25, 0.9304, 0.9291/94, 0.9279/86, 0.9268, 0.9232, 0.9214/23, 0.9203/06, 0.9179/89, 0.9162/67, 0.9147, 0.9127/37, 0.9110/19, 0.9102, 0. 9072/79, 0.9061/66, 0.9054/57, 0.9042/48, 0.9041, 0.9035, 0.8994/0.9008, 0.8981/87, 0.8967/69, 0.8951/57, 0.8923/36, 0.8918, 0.8906/12, 0.8887/92, 0.8869, 0.8857/61, 0.8842/47, 0.8819/25, 0.8762/70, 0.8729, 0.8693, 0.8659, 0.8578 and 0.8512.
Below: 0.8066 and 0.7674.
USD/CAD: Mildly Higher
Resistance:
Initial: 1.0982/90, 1.1000/1.1001, 1.1039/53, 1.1069/70, 1.1089, 1.1099, 1.1102/09, 1.1116/32, 1.1141, 1.1152, 1.1158, 1.1172/73, 1.1194, 1.1223 and 1.1277.
Above: 1.1723, 1.2985, 1.3007/14 and 1.3062.
Support:
Initial: 1.0962/66, 1.0954/56, 1.0939/45, 1.0928, 1.0909, 1.0852/86, 1.0742/85, 1.0736, 1.0726, 1.0717, 1.0702/07, 1.0676/79, 1.0668/76, 1.0659/60, 1.0646/56, 1.0621/27, 1.0608,1.0580/87, 1.0567/71, 1.0558/59, 1.0546, 1.0519/22, 1.0506, 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 and 1.0012.
Below: 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: 0.8695/0.8700, 0.8744 and 0.8764.
Above: 0.8840.
Support:
Initial: 0.8671/74, 0.8638/41, 0.8603/05, 0.8584, 0.8571, 0.8561, 0.8542, 0.8532, 0.8523, 0.8504/12, 0.8499, 0.8487/89, 0.8472/79, 0.8453/59, 0.8423/47, 0.8413, 0.8376/0.8406, 0.8359/66, 0.8322/53, 0.8302/16, 0.8291/95, 0.8285/87, 0.8280, 0.8271, 0.8263, 0.8250/55, 0.8221/41, 0.8204/14, 0.8195/97, 0.8186, 0.8171, 0.8160/63, 0.8147/53, 0.8114/37, 0.8100/09, 0.8078/82, 0.8049/60, 0.8030, 0.7989/0.8013, 0.7967, 0.7932, 0.7903/06, 0.7888, 0.7872, 0.7856/57, 0.7838/46, 0.7829, 0.7819 and 0.7804.
Below: 0.7795, 0.7783, 0.7760, 0.7751/58, 0.7731/34, 0.7705/23, 0.7697, 0.7681/86, 0.7605/76 and 0.7500/85.
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.