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What is to be Expected Next Week for the Forex Market?

If you are scalper, intraday or guerilla trader, in general short and very short term trader you should pay attention to the economic releases for every day. Keeping an eye over the economic calendar will help prepare your trades or just announce you to stay out of the market.

On Monday Japan will publish its Prelim GDP, estimated to rise 0.9%, and its industrial production. Switzerland will release its retail sales and for the USA the Federal Budget Balance is expected to fall 95.3B.

Tuesday will be more crowded. Japan will publish Core Machinery Orders and the Monetary Policy Meeting Minutes. From the Euro Area we will know the German Final CPI, German ZEW Economic Sentiment (expected to rise at 40.3), the Industrial Production and the ZEW Economic Sentiment. USA will report its Core Retail Sales and Retail Sales, Import Prices and Business Inventories.

Wednesday will start with New Zealand’s Retail Sales and Core Retail Sales and it will continue with Australia’s Westpac Consumer Sentiment. From the Euro Area there will be French and German Prelim GDP, Flash GDP for the Euro Zone. Switzerland will release its PPI and Zew Economic Sentiment, while Great Britain will post the Claimant Count Change, MPC Asset Purchases Facility, MPC Official Rate Bank Votes and Unemployment Rate (which is expected to remain unchanged at 7.8%). USA will publish the monthly PPI, Core PPI and Crude Oil Inventories.

Thursday will bring Retail Sales for Great Britain and for the United States Core CPI and CPI, Unemployment Claims, TIC Long-Term Purchases, Industrial Production, Philly Fed Manufacturing Index and NAHB Housing Market Index.

On Friday the investors will know what is the Current Account, CPI/Core CPI and Trade Balance for the Euro Area. Canada will release its Manufacturing Sales and Foreign Securities Purchases. United States will publish Housing Starts and Prelim UoM Consumer Sentiment.

As you can see, next week is quite full. If you would like to not get caught on the wrong foot you should keep an eye for this publications.

What is to be Expected Next Week for the Forex Market? by