Even though the beginning of the week was pretty calm, next days we might encounter a rise in the volatility for the Forex market because of the economic releases. At this point the markets are quite stable. The US dollar is week after the speech of Janet Yellen and the Euro is not that powerful because of the latest rate cut.
Let us take a look over the most important economic publishes of this week:
Currency |
Forecast |
Previous |
|
AUD |
CB Leading Index m/m |
-0.20% |
|
AUD |
Monetary Policy Meeting Minutes | ||
EUR |
German ZEW Economic Sentiment |
54.6 |
52.8 |
EUR |
ZEW Economic Sentiment |
63.1 |
59.1 |
GBP |
10-y Bond Auction |
2.74|1.8 |
|
USD |
Employment Cost Index q/q |
0.50% |
0.50% |
USD |
Treasury Sec Lew Speaks | ||
USD |
FOMC Member Dudley Speaks | ||
USD |
FOMC Member Evans Speaks | ||
USD |
President Obama Speaks | ||
NZD |
PPI Input q/q |
0.60% |
0.60% |
NZD |
PPI Output q/q |
1.00% |
1.00% |
CAD |
Gov Council Member Murray Speaks | ||
AUD |
MI Leading Index m/m |
-0.10% |
|
JPY |
Trade Balance |
-0.88T |
-1.09T |
USD |
Fed Chairman Bernanke Speaks | ||
AUD |
RBA Assist Gov Debelle Speaks | ||
CNY |
CB Leading Index m/m |
0.90% |
|
CNY |
Foreign Direct Investment ytd/y |
6.20% |
|
JPY |
All Industries Activity m/m |
0.50% |
0.30% |
EUR |
German PPI m/m |
0.10% |
0.30% |
GBP |
MPC Asset Purchase Facility Votes |
0-0-9 |
0-0-9 |
GBP |
MPC Official Bank Rate Votes |
0-0-9 |
0-0-9 |
CHF |
ZEW Economic Expectations |
24.9 |
|
GBP |
MPC Member Dale Speaks | ||
CAD |
Wholesale Sales m/m |
0.40% |
0.50% |
USD |
Core CPI m/m |
0.10% |
0.10% |
USD |
Core Retail Sales m/m |
0.10% |
0.40% |
USD |
Retail Sales m/m |
0.10% |
-0.10% |
USD |
CPI m/m |
0.00% |
0.20% |
USD |
Existing Home Sales |
5.17M |
5.29M |
USD |
Business Inventories m/m |
0.30% |
0.30% |
USD |
FOMC Member Dudley Speaks | ||
USD |
Crude Oil Inventories |
-0.2M |
2.6M |
USD |
FOMC Member Bullard Speaks | ||
GBP |
MPC Member Weale Speaks | ||
USD |
FOMC Meeting Minutes | ||
CAD |
BOC Gov Poloz Speaks | ||
CNY |
HSBC Flash Manufacturing PMI |
50.9 |
50.9 |
NZD |
Credit Card Spending y/y |
5.20% |
|
JPY |
Monetary Policy Statement | ||
JPY |
BOJ Press Conference | ||
CHF |
Trade Balance |
2.45B |
2.40B |
EUR |
French Flash Manufacturing PMI |
49.6 |
49.1 |
EUR |
French Flash Services PMI |
51.3 |
50.9 |
EUR |
German Flash Manufacturing PMI |
52.3 |
51.7 |
EUR |
German Flash Services PMI |
53.1 |
52.9 |
EUR |
Flash Manufacturing PMI |
51.6 |
51.3 |
EUR |
Flash Services PMI |
51.9 |
51.6 |
AUD |
RBA Gov Stevens Speaks | ||
GBP |
Public Sector Net Borrowing |
4.8B |
9.4B |
GBP |
CBI Industrial Order Expectations |
0 |
-4 |
USD |
PPI m/m |
-0.20% |
-0.10% |
USD |
Unemployment Claims |
333K |
339K |
USD |
Core PPI m/m |
0.10% |
0.10% |
USD |
Flash Manufacturing PMI |
52.6 |
51.8 |
USD |
FOMC Member Powell Speaks | ||
EUR |
Consumer Confidence |
-14 |
-15 |
USD |
Philly Fed Manufacturing Index |
15.8 |
19.8 |
USD |
Natural Gas Storage |
20B |
|
EUR |
German Buba President Weidmann Speaks | ||
USD |
FOMC Member Bullard Speaks | ||
NZD |
Visitor Arrivals m/m |
-1.00% |
|
JPY |
BOJ Monthly Report | ||
EUR |
German Final GDP q/q |
0.30% |
0.30% |
EUR |
German Ifo Business Climate |
107.9 |
107.4 |
EUR |
Italian Retail Sales m/m |
0.40% |
0.00% |
CAD |
Core CPI m/m |
0.00% |
0.20% |
CAD |
Core Retail Sales m/m |
0.20% |
0.40% |
CAD |
CPI m/m |
0.20% |
0.20% |
CAD |
Retail Sales m/m |
0.30% |
0.20% |
USD |
FOMC Member George Speaks | ||
EUR |
Belgian NBB Business Climate |
-6.9 |
-7.7 |
USD |
JOLTS Job Openings |
3.89M |
3.88M |
USD |
FOMC Member Tarullo Speaks |
As you can see, tomorrow Australia will have its monetary policy meeting, for Germany will be publish, as well as for the Euro Area, the ZEW economic sentiment and FOMC members Dudley and Evans will have their speeches.
Wednesday will be first published the MPC votes for the Asset Purchases and the Official Bank Rate and after that United States will release the CPI, Retail Sales, Existing Home Sales, Business Inventories and not to forget the FOMC Meeting Minutes. The party will continue with the release of China’s HSBC Flash Manufacturing, BOJ will have its monetary policy statement and the press conference, while in Europe will be published the Flash indicators for the manufacturing and services sectors. Afterwards the American PPI, Unemployment Claims and Philly Fed Manufacturing PMI will be announced.
The week will end with the German Ifo Business Climate and Canadian releases. Each and every indicator mentioned earlier, and not only them, could trigger high volatility around their publication, especially if they will come as a surprise for the market.
Get your weapons ready, sharpen your money management systems and get the best from these runs that might come.
What to look for in the Economic Calendar this Week by Razvan Mihai