Jay Hawk | Feb 24, 2014 07:28AM ET
The following table lists the key economic data and other events that are due out during the week of February 24th–February 28th, 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.
Sunday, February 23rd
Monday, February 24th
Tuesday, February 25th
Wednesday, February 26th
Thursday, February 27th
Friday, February 28th
Saturday, March 1st
Technical Forecast and Levels to Watch for the Majors This Week
EUR/USD: Mildly Higher
Resistance:
Initial: 1.3739, 1.3758/72, 1.3795/98, 1.3810/18, 1.3832/36, 1.3892, 1.3969, 1.4000, 1.4246 and 1.4500/17.
Above: 1.4695 and 1.4939.
Support:
Initial: 1.3714/16, 1.3703/10, 1.3685/99, 1.3682/86, 1.3664, 1.3645/50, 1.3621/31, 1.3602/14, 1.3597, 1.3546/81, 1.3538, 1.3507/24, 1.3489/1.3504, 1.3476/82, 1.3451, 1.3441, 1.3433/34, 1.3416, 1.3398/1.3409, 1.3376/89, 1.3344/53, 1.3318/24, 1.3305/08, 1.3294/99, 1.3222/42, 1.3187/1.3206, 1.3172/77, 1.3161/65, 1.3126, 1.3093/1.3106, 1.3077, 1.3059/66 and 1.3047.
Below: 1.3000, 1.2904/98, 1.2837/79, 1.2821, 1.2795/1.2805, 1.2744/54, 1.2623/92, 1.2588/89, 1.2501/19, 1.2407/96, 1.2381/91, 1.2323/33, 1.2241/55. 1.2162, 1.2143, 1.2133, 1.2041 and 1.1938.
USDJPY: Higher
Resistance:
Initial: 102.57/69, 102.75/76, 102.82, 102.93, 103.30, 103.37/43, 103.73, 103.82, 103.91, 104.07/19, 104.36, 104.63, 104.83/91, 105.18, 105.33 and 105.41/43.
Above: 107.18, 108.42, 110.39/47 and 111.60.
Support:
Initial: 102.49/52, 102.14, 101.91/99, 101.83, 101.62/66, 101.52/56, 101.43, 101.22/25, 101.13/14, 100.85/86, 100.75, 100.60/65, 100.38/48, 100.22 and100.00.
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, 94.0593.76, 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: Higher
Resistance:
Initial: 1.6667, 1.6724, 1.6745, 1.6755, 1.6802, 1.6822 and 1.6874.
Above: 1.6909, and 1.7042/47.
Support:
Initial: 1.6624, 1.6611/17, 1.6592, 1.6576/77, 1.6516, 1.6484, 1.6458/64, 1.6441, 1.6417/18,1.6400, 1.6394, 1.6380/83, 1.6376, 1.6348, 1.6336, 1.6298/1.6309, 1.6290, 1.6251/62, 1.6239/46, 1.6222/24, 1.6215/16, 1.6195/98, 1.6177, 1.6155, 1.6130/36, 1.6109/21, 1.6083/96, 1.6071/77, 1.6051/66, 1.6001/08, 1.5975/91, 1.5956/61, 1.5948, 1.5900/27, 1.5886/93, 1.5874/77, 1.5853, 1.5844, 1.5825, 1.5803/07, 1.5775/81, 1.5750, 1.5714/17, 1.5683/92, 1.5673, 1.5624/56, 1.5601/15, 1.5591, 1.5561/68, 1.5538/45 and 1.5514/16.
Below: 1.5498/99, 1.5476/79, 1.5458, 1.5434, 1.5427, 1.5403/21, 1.5313/92, 1.5304, 1.5293, 1.5260/62, 1.5237/39, 1.5208/23, 1.5198, 1.5173/87, 1.5164, 1.5152/57, 1.5130, 1.5123, 1.5101, 1.5092, 1.5081, 1.5072/75, 1.5026/32, 1.5013, 1.5007. 1.4985, 1.4966/67, 1.4884, 1.4872, 1.4856, 1.4830, 1.4812 and 1.4785, 1.4345 and 1.4232.
AUD/USD: Higher
Resistance:
Initial: 0.8967/69, 0.8981/87, 0.8997/0.9008, 0.9035, 0.9041, 0.9042/47, 0.9054/57, 0.9061/66, 0.9072/79, 0.9112/19, 0.9127/37, 0.9147, 0.9162/67, 0.9179/89, 0.9303, 0.9214/23, 0.9232, 0.9268, 0.9279/86, 0.9291, 0.9304, 0.9317/25, 0.9343/64, 0.9383/86, 0.9391/98, 0.9404, 0.9420, 0.9428/33, 0.9447, 0.9457 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: 0.8951/57, 0.8927/36, 0.8918, 0.8906/12, 0. 8887/92, 0.8869, 0.8857/61, 0.8842/47, 0.8819/25, 0.8762/70, 0.8729, 0.8693, 0.8659, 0.8578 and 0.8512.
Below: 0.8066 and 0.7674.
USD/CAD: Mildly Lower
Resistance:
Initial: 1.1120/32, 1.1172, 1.1194 and 1.1223.
Above: 1.1723, 1.2985, 1.3007/14 and 1.3062.
Support:
Initial: 1.1102, 1.1089, 1.1040/50, 1.0982/90, 1.0962/66, 1.0939/45, 1.0928, 1.0909, 1.0852, 1.0742/85, 1.0736, 1.0726, 1.0717, 1.0702/07, 1.0676/79, 1.0668/76, 1.0659/60, 1.0646/56, 1.0621/27, 1.0608,1.0580/87, 1.0567/71, 1.0558/59, 1.0546, 1.0519/22, 1.0506, 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 and 1.0012.
Below: 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: 0.8271, 0.8285/87, 0.8291/95, 0.8302/16, 0.8322/53, 0.8359/66, 0.8376/0.8406, 0.8413, 0.8425/47, 0.8453/59, 0.8472/79, 0.8487/89, 0.8504/08, 0.8523, 0.8532, 0.8542, 0.8561, 0.8571 and 0.8584.
Above: 0.8605, 0.8641, 0.8671/74, 0.8764 and 0.8840.
Support:
Initial: 0.8263, 0.8250/55, 0.8221/41, 0.8204/14, 0.8195/97, 0.8186, 0.8171, 0.8160/63, 0.8147/53, 0.8114/37, 0.8100/09, 0.8078/82, 0.8049/60, 0.8030, 0.7989/0.8013, 0.7967, 0.7932, 0.7903/06, 0.7888, 0.7872, 0.7856/57, 0.7838/46, 0.7829, 0.7819 and 0.7804.
Below: 0.7795, 0.7783, 0.7760, 0.7751/58, 0.7731/34, 0.7705/23, 0.7697, 0.7681/86, 0.7605/76 and 0.7500/85.
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