The following table lists the key economic data and other events that are due out during the week of February 3rd–February 7th, 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.
Monday, February 3rd
- All Day CNY Bank Holiday
- 12:30am AUD Building Approvals (-0.3% expected, > good for currency)
- 9:30am GBP Manufacturing PMI (57.1 expected, > good for currency)
- 3:00pm USD ISM Manufacturing PMI (56.2 expected, > good for currency)
Tuesday, February 4th
- All Day CNY Bank Holiday
- 3:30am AUD Cash Rate (unchanged at 2.50% expected, > good for currency)
- 3:30am AUD RBA Rate Statement (hawkish = good for currency)
- 9:30am GBP Construction PMI (61.6 expected, > good for currency)
- 9:45pm NZD Employment Change (0.7% expected, > good for currency)
- 9:45pm NZD Unemployment Rate (6.0% expected, < good for currency)
Wednesday, February 5th
- All Day CNY Bank Holiday
- 9:30am GBP Services PMI (59.1 expected, > good for currency)
- 1:15pm USD ADP Non-Farm Employment Change (191K expected, > good for currency)
- 1:30pm CAD Building Permits (2.3% expected, > good for currency)
- 3:00pm USD ISM Non-Manufacturing PMI (53.8 expected, > good for currency)
- All Day NZD Bank Holiday
Thursday, February 6th
- All Day CNY Bank Holiday
- 12:30am AUD Retail Sales (0.5% expected, > good for currency)
- 12:30am AUD Trade Balance (-0.23B expected, > good for currency)
- 12:00pm GBP Asset Purchase Facility (375B expected, < good for currency)
- 12:00pm GBP Official Bank Rate (0.50% expected, > good for currency)
- Tentative GBP MPC Rate Statement (hawkish = good for currency)
- 12:45pm EUR Minimum Bid Rate (0.25% expected, > good for currency)
- 1:30pm CAD Trade Balance (1.0B expected, > good for currency)
- 1:30pm EUR ECB Press Conference (hawkish = good for currency)
- 1:30pm USD Trade Balance (-35.8B expected, > good for currency)
- 1:30pm USD Weekly Initial Jobless Claims (334K expected, < good for currency)
- 3:00pm CAD Ivey PMI (51.3 expected, > good for currency)
Friday, February 7th
- 12:30am AUD RBA Monetary Policy Statement (hawkish = good for currency)
- 9:30am GBP Manufacturing Production (0.6% expected, > good for currency)
- 1:30pm CAD Employment Change (-45.9K expected, > good for currency)
- 1:30pm CAD Unemployment Rate (7.2% expected, < good for currency)
- 1:30pm USD Non-Farm Payrolls (185K expected, > good for currency)
- 1:30pm USD Unemployment Rate (6.7% expected, < good for currency)
Technical Forecast and Levels to Watch for the Majors This Week:
EUR/USD: Lower
Resistance:
Initial: 1.3489/1.3504, 1.3507/24, 1.3538, 1.3546/81, 1.3597, 1.3602/14, 1.3621/31, 1.3645/50, 1.3664, 1.3686, 1.3693/99, 1.3703/10, 1.3716, 1.3739, 1.3795/98, 1.3810/18, 1.3832/36, 1.3892, 1.3969, 1.4000, 1.4246 and 1.4500/17.
Above: 1.4695 and 1.4939.
Support:
Initial: 1.3478, 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: Higher
Resistance:
Initial: 102.49/52, 102.60/64, 102.76, 102.93, 103.30, 103.37/43, 103.73, 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: 102.14, 101.91/99, 101.83, 101.62, 101.52, 101.43, 101.22/25, 101.13/14, 100.85/86, 100.60/65, 100.38/48, 100.22 and100.00.
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, 94.0593.76, 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: Mildly Lower
Resistance:
Initial: 1.6441, 1.6458/64, 1.6484, 1.6516, 1.6576/77, 1.6592, 1.6617, 1.6624, 1.6667, 1.6745, 1.6802 and 1.6874.
Above: 1.6909, and 1.7042/47.
Support:
Initial: 1.6418, 1.6400, 1.6394, 1.6380/83, 1.6376, 1.6348, 1.6336, 1.6298/1.6309, 1.6290, 1.6256/62, 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: Lower
Resistance:
Initial: 0.8762/70, 0.8819/25, 0.8842/47, 0.8857/61, 0.8869, 0.8887/92, 0.8912, 0.8918, 0.8931/32, 0.8951/57, 0.8967/69, 0.8981/87, 0.8997/0.9008, 0.9035, 0.9041, 0.9047, 0.9054/57, 0.9064, 0.9072, 0.9112/19, 0.9127/37, 0.9147, 0.9162/67, 0.9179/89, 0.9303, 0.9214/23, 0.9232, 0.9268, 0.9279/86, 0.9291, 0.9304, 0.9317/25, 0.9343/64, 0.9383/86, 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: 0.8693, 0.8659, 0.8578 and 0.8512.
Below: 0.8066 and 0.7674.
USD/CAD: Mildly Higher
Resistance:
Initial: 1.1172 and 1.1223.
Above: 1.1723, 1.2985, 1.3007/14 and 1.3062.
Support:
Initial: 1.1102, 1.1050, 1.0982/90, 1.0962, 1.0945, 1.0928, 1.0852, 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: Lower
Resistance:
Initial: 0.8114/37, 0.8147/53, 0.8160/63, 0.8171, 0.8195/97, 0.8204/14, 0.8221/41, 0.8250, 0.8263, 0.8271, 0.8285/87, 0.8295, 0.8302/16, 0.8322/53, 0.8359/65, 0.8376/0.8406, 0.8413, 0.8425/47, 0.8453/59, 0.8472/79, 0.8487/89, 0.8504/08, 0.8523, 0.8532, 0.8542, 0.8561, 0.8571 and 0.8584.
Above: 0.8605, 0.8641, 0.8671/74, 0.8764 and 0.8840.
Support:
Initial: 0.8100/09, 0.8078/82, 0.8052/60, 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.
Disclaimer: 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.