This Monday we entered the 10th week of dollar strength, all the market is trending by giving strength for the dollar and from tomorrow till Friday our fundamental news agenda will cover the main economic releases, especially speeches from key bankers.
Monday, Japan is on holiday and USDJPY refusing to fall under 107 and missing the strength to jump above 108, leaving JPY traders wondering what BOJ Gov Kuroda will declare on Tuesday. Also we have New Motor Vehicle sales releases from Australia and with AUDUSD floating next to 0.90 Vehicle sales will show a clear picture about the economy health of the big Australian island. From the US we will cover Industrial production where the release will show us how the industry in the US is adjusting with a strong dollar.
Tuesday main event will be German ZEW economic sentiment and with a weak EURO Germany import is expected to boom and this release will show us a clearer idea if EURUSD will recover above 1.30 or it will dive to reach deeper supports for increasing exports. And before Europe events we will cover Monetary policy meeting minutes from Australia and BOJ Gov Kuroda Speaks from Japan as 2 main events expected to create some price action during the Asian market. From Canada BOC Gov Poloz Speaks and USDCAD above 1.1, this event will make it clearer to traders what next On USDCAD chart.
Wednesday a day to remember with big events which will sculpture our charts for the next weeks to come, starting by MPC official bank rate votes from UK and with GBPUSD next to the important level 1.63 where cable traders want a clearer idea what next on GBPUSD chart. After during the same day we have a FOMC press conference and Federal Fund rate 2 events which will show a clearer view about the direction of USD.
Thursday will start with GDP release from New Zealand, and with an NZDUSD at 0.81 this fundamental release will show a clearer picture where NZDUSD will go during the next weeks to come. And from the US we will cover Fed Chair Yellen speech and USD action after and before this event.
Friday main event will be from Canada with Whole sales m/m and Core CPI m/m, where we will cover Canada economy and USDCAD price action during all day long. And let’s don’t forget next weekend we have G20 meetings.
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