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 23rd – March 27th, 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 23rd
3:00pm EUR ECB President Draghi speaks (hawkish = good for currency)
Tuesday March 24th
2:45am CNY HSBC (LONDON:HSBA) Flash Manufacturing PMI (50.5 expected)
9:00am EUR French Flash Manufacturing PMI (48.9 expected, > good for currency)
9:30am EUR German Flash Manufacturing PMI (51.5 expected, > good for currency)
10:30am GBP CPI (0.1% expected, > good for currency)
1:30pm USD CPI (0.2% expected, > good for currency)
1:30pm USD Core CPI (0.1% expected, > good for currency)
3:00pm USD New Home Sales (472K expected, > good for currency)
10:45pm NZD Trade Balance (355M expected, > good for currency)
Wednesday March 25th
10:00am EUR German Ifo Business Climate (107.4 expected, > good for currency)
1:30pm USD Core Durable Goods Orders (0.4% expected, > good for currency)
Thursday March 26th
10:30am GBP Retail Sales (0.4% expected, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (295K expected, < good for currency)
2:30pm CAD BOC Governor Poloz speaks (hawkish = good for currency)
Friday March 27th
9:45am GBP BOE Governor Carney speaks (hawkish = good for currency)
1:30pm USD Final GDP (2.4% expected, > good for currency)
8:45pm USD Fed Chairmen Yellen speaks (hawkish = good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Mildly Higher
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: 1.0762/90, 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: 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: 120.02, 119.95, 119.83, 119.62, 119.37/41, 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: Mildly Lower
Resistance:
Initial: 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: 1.4927, 1.4884, 1.4872, 1.4856, 1.4830, 1.4812, 1.4785, 1.4698 and 1.4634.
Below: 1.4345 and 1.4232.
AUD/USD: Higher
Resistance:
Initial: 0.7772, 0.7792, 0.7840/47, 0.7852/88, 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: 0.7750/60, 0.7738/40, 0.7719, 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: Lower
Resistance:
Initial: 1.2585/91, 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: 1.2563, 1.2456/58, 1.2448, 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: Higher
Resistance:
Initial: 0.7585/95, 0.7605/59, 0.7679/88, 0.7692/97, 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.