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 December 30th–January 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.Monday, December 30th
- Tentative EUR Italian 10-year Bond Auction (last average yield 4.01 percent with a 1.5 bid to cover ratio, < yield and > ratio good for currency expected, > good for currency)
- 3:00pm USD Pending Home Sales (1.1% expected, > good for currency)
Tuesday, December 31st
- All Day JPY Bank Holiday
- 12:30am AUD Private Sector Credit (0.4% expected, > good for currency)
- All Day EUR German Bank Holiday
- 2:00pm USD S&P/CS Composite-20 HPI (13.4% expected, > good for currency)
- 2:45pm USD Chicago PMI (61.3 expected, > good for currency)
- 3:00pm USD CB Consumer Confidence (76.5 expected, > good for currency)
- All Day NZD Bank Holiday
- All Day AUD Bank Holiday
Wednesday, January 1st
- 1:00am CNY Manufacturing PMI (51.3 expected, > good for currency)
- All Day JPY Bank Holiday
- All Day CNY Bank Holiday
- All Day CHF Bank Holiday
- All Day EUR French Bank Holiday
- All Day EUR German Bank Holiday
- All Day EUR Italian Bank Holiday
- All Day GBP Bank Holiday
- All Day CAD Bank Holiday
- All Day USD Bank Holiday
- All Day NZD Bank Holiday
Thursday, January 2nd
- All Day JPY Bank Holiday
- All Day CNY Bank Holiday
- 1:45am CNY HSBC Final Manufacturing PMI (50.5 expected, > good for currency)
- All Day CHF Bank Holiday
- 8:15am EUR Spanish Manufacturing PMI (49.9 expected, > good for currency)
- 8:45am EUR Italian Manufacturing PMI (51.8 expected, > good for currency)
- 9:30am GBP Manufacturing PMI (58.3 expected, > good for currency)
- 1:30pm USD Weekly Initial Jobless Claims (334K expected, < good for currency)
- 3:00pm USD ISM Manufacturing PMI (56.8 expected, > good for currency)
Friday, January 3rd
- All Day JPY Bank Holiday
- 1:00am CNY Non-Manufacturing PMI (56.0 expected, > good for currency)
- 7:00am GBP Nationwide HPI (0.8% expected, > good for currency)
- 8:00am CHF KOF Economic Barometer (1.92 expected, > good for currency)
- 8:00am EUR Spanish Unemployment Change (-2.5K expected, < good for currency)
- 8:30am CHF SVME PMI (56.4 expected, > good for currency)
- 9:00am EUR M3 Money Supply (1.5% expected, < good for currency)
- 9:30am GBP Construction PMI (62.3 expected, > good for currency)
- 9:30am GBP BOE Credit Conditions Survey (hawkish = good for currency)
- 9:30am GBP Net Lending to Individuals (2.0B expected, > good for currency)
- 4:00pm USD Crude Oil Inventories (last -4.7M expected, > good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Mildly Higher
Resistance:
Initial: 1.3795/98, 1.3810/11, 1.3832/36, 1.3892, 1.3969, 1.4000, 1.4246 and 1.4500/17.
Above: 1.4695 and 1.4939.
Support:
Initial: 1.3716, 1.3703/10, 1.3693, 1.3645/50, 1.3621/31, 1.3606/14, 1.3597, 1.3546/78, 1.3538, 1.3524, 1.3519, 1.3513, 1.3489/1.3504, 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: Mildly Higher
Resistance:
Initial: 105.18.
Above: 107.18, 108.42, 110.39/47 and 111.60.
Support:
Initial: 104.63, 104.36, 103.91, 103.73, 103.37/39, 103.30, 102.76, 102.60/64, 102.49/52, 102.14, 101.91, 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 Higher
Resistance:
Initial: 1.6484, 1.6576/77, 1.6617, 1.6745, 1.6802 and 1.6874.
Above: 1.6909, and 1.7042/47.
Support:
Initial: 1.6464, 1.6441, 1.6400, 1.6394, 1.6380/83, 1.6348, 1.6298/1.6308, 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: Mildly Lower
Resistance:
Initial: 0.8869, 0.8891/92, 0.8912, 0.8918, 0.8931/32, 0.8957, 0.8967/69, 0.8987, 0.8997, 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: 0.8857/61, 0.8847 and 0.8819/21.
Below: 0.8770, 0.8066 and 0.7674.
USD/CAD: Mildly Higher
Resistance:
Initial: 1.0702/07, 1.0717 and 1.0736.
Above: 1.0742/85 and 1.0852.
Support:
Initial: 1.0668/76, 1.0659/60, 1.0646/56, 1.0621/27, 1.0608, 1.0580/82, 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: 0.8147/53, 0.8160/63, 0.8171, 0.8195, 0.8204/14, 0.8221/27, 0.8230, 0.8263, 0.8271, 0.8285/87, 0.8295, 0.8312/16, 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: 0.8116/37, 0.8100/09, 0.8078/82, 0.8052/56, 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.