Forex Market Recap: Week Of July 6th-10th
Jay Hawk | Jul 06, 2015 05:01AM ET
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 July 6th – July 10th, 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
Sunday, July 5th
All Day EUR Greek Bailout Vote
Monday, July 6th
2:30am AUD ANZ Job Advertisements (last 0.0% expected, > good for currency)
7:00am EUR German Factory Orders (0.0% expected, > good for currency)
8:15am CHF CPI (0.1% expected, > good for currency)
3:00pm CAD Ivey PMI (56.2 expected, > good for currency)
3:00pm USD ISM Non-Manufacturing PMI (56.5 expected, > good for currency)
3:30pm CAD BOC Business Outlook Survey (hawkish = good for currency)
11:00pm NZD NZIER Business Confidence (last 23 expected, > good for currency)
Tuesday, July 7th
5:30am AUD Cash Rate (unchanged at 2.00% expected, > good for currency)
5:30am AUD RBA Rate Statement (hawkish = good for currency)
8:00am CHF Foreign Currency Reserves (last 517.5B expected, > good for currency)
8th-9th GBP Halifax HPI (0.2% expected, > good for currency)
9:30am GBP Manufacturing Production (0.2% expected, > good for currency)
All Day EUR Euro Summit (hawkish = good for currency)
1:30pm CAD Trade Balance (-2.5B expected, > good for currency)
1:30pm USD Trade Balance (-42.8B expected, > good for currency)
3:00pm GBP NIESR GDP Estimate (last 0.6% expected, > good for currency)
3:00pm USD JOLTS Job Openings (5.30M expected, > good for currency)
Wednesday, July 8th
12:50am JPY Current Account (1.38T expected, > good for currency)
12:30pm GBP Annual Budget Release (hawkish = good for currency)
1:30pm CAD Building Permits (last 11.6% expected, > good for currency)
3:30pm USD Crude Oil Inventories (last 2.4M expected, > good for currency)
7:00pm USD FOMC Meeting Minutes (hawkish = good for currency)
7:00pm USD FOMC Member Williams speaks (hawkish = good for currency)
Thursday, July 9th
12:50am JPY Core Machinery Orders (-4.6% expected, > good for currency)
2:30am AUD Employment Change (0.1K expected, > good for currency)
2:30am AUD Unemployment Rate (6.1% expected, 2:30am CNY CPI (1.3% expected)
2:30am CNY PPI (-4.6% expected)
12:00pm GBP Official Bank Rate (unchanged at 0.50% expected, > good for currency)
12:00pm GBP Asset Purchase Facility (375B expected, Tentative GBP MPC Rate Statement (hawkish = good for currency)
1:30pm CAD NHPI (0.2% expected, > good for currency)
1:30pm USD Weekly Initial Jobless Claims (277K expected, 3:15pm USD FOMC Member Brainard speaks (hawkish = good for currency)
Get The News You Want
Friday, July 10th
2:30am AUD Home Loans (-2.8% expected, > good for currency)
10th-13th CNY New Loans (last 901B expected)
9:30am GBP Trade Balance (-9.7B expected, > good for currency)
1:30pm CAD Employment Change (-4.5K expected, > good for currency)
1:30pm CAD Unemployment Rate (6.9% expected, 5:30pm USD Fed Chairmen Yellen speaks (hawkish = good for currency)
Technical Forecast and Levels to Watch for the Majors This Week
: Lower
Resistance:
Initial: 1.1048, 1.1097, 1.1114, 1.1150, 1.1159, 1.1192, 1.1211, 1.1219, 1.1261/79, 1.1297/1.1303, 1.1375/79, 1.1385/91, 1.1422/34, 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: 1.1040, 1.1005/10, 1.0986, 1.0984, 1.0968/69, 1.0954, 1.0917, 1.0882/86, 1.0873, 1.0866, 1.0819, 1.0818, 1.0762/90, 1.0736, 1.0595, 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.
: Higher
Resistance:
Initial: 122.44, 122.60/68, 122.86, 123.12, 123.42, 123.71/72, 123.74/78, 124.05, 124.11, 124.43/45 and 125.40.
Above: 124.14, 125.67/75, 126.17, 126.41, 126.90 and 135.19.
Support:
Initial: 122.01, 121.93/96, 121.80/85, 121.65, 121.62, 121.27/38, 121.19, 120.73/82, 120.36/47, 120.34, 120.17/26, 120.02, 119.95, 119.80, 119.62, 119.37/41, 119.21/28, 119.01, 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.
: Lower
Resistance:
Initial: 1.5584/92, 1.5596, 1.5601/19, 1.5624/27, 1.5656, 1.5673, 1.5683/92, 1.5714/17, 1.5725, 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: 1.5563, 1.5561/68, 1.5529/51, 1.5514/16, 1.5506, 1.5498/99, 1.5485, 1.5476/79, 1.5458, 1.5457, 1.5434/40, 1.5427, 1.5403/22, 1.5392, 1.5384, 1.5313/51, 1.5304, 1.5293, 1.5276, 1.5260/68, 1.5237/39, 1.5208/23, 1.5195/98, 1.5173/87, 1.5163/64, 1.5152/57, 1.5130, 1.5123, 1.5101, 1.5092, 1.5081, 1.5072/77, 1.5056, 1.5026/33, 1.5013, 1.5007, 1.4985/88, 1.4966/67, 1.4950, 1.4927, 1.4913, 1.4884, 1.4872, 1.4868, 1.4856, 1.4830, 1.4812, 1.4785, 1.4698, 1.4634 and 1.4615.
Below: 1.4345 and 1.4232.
: Lower
Resistance:
Initial: 0.7504, 0.7559, 0.7586/97, 0.7614, 0.7625, 0.7634, 0.7642/43, 0.7653, 0.7674, 0.7681, 0.7700/10, 0.7719/22, 0.7725, 0.7737/40, 0.7750/60, 0.7772/84, 0.7791/92, 0.7817, 0.7825, 0.7840/88, 0.7912, 0.7919, 0.7950, 0.7988, 0.8008, 0.8020, 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: 0.7462/69, 0.7413 and 0.7365.
Below: 0.7271 and 0.7234.
: Mildly Higher
Resistance:
Initial: 1.2609, 1.2613, 1.2615, 1.2625, 1.2631/32, 1.2662, 1.2696, 1.2772, 1.2797, 1.2822 and 1.2834.
Above: 1.2985, 1.3007/14 and 1.3062.
Support:
Initial: 1.2585/91, 1.2563, 1.2537, 1.2471, 1.2456/61, 1.2448/58, 1.2436, 1.2421/22, 1.2406, 1.2386, 1.2378, 1.2361/66, 1.2351, 1.2333, 1.2303, 1.2287, 1.2244, 1.2126, 1.2091, 1.2045, 1.2030, 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.
: Lower
Resistance:
Initial: 0.6806, 0.6838, 0.6923, 0.6966, 0.7051, 0.7076, 0.7102, 0.7112, 0.7174, 0.7199, 0.7213, 0.7230, 0.7273, 0.7305, 0.7312, 0.7331/36, 0.7368, 0.7394, 0.7404, 0.7419/20, 0.7433, 0.7440/47, 0.7455/59, 0.7467, 0.7484/0.7500, 0.7528/55, 0.7585/95, 0.7609, 0.7605/59, 0.7679/97, 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: 0.6679, 0.6652 and 0.6639.
Below: 0.6557, 0.6032 and 0.5914/26.
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