The Australian economic calendar is somewhat active this coming week, featuring the RBA’s Monetary Policy Meeting Minutes on Tuesday. Monday starts the week’s highlights off with a speech by RBA Assist Governor Kent, and Tuesday’s key events include the RBA’s Monetary Policy Meeting Minutes. Wednesday then offers the Wage Price Index (0.50%), while Thursday features the Employment Change (20.3K), the Unemployment Rate (5.60%) and a speech by RBA Assistant Governor to conclude the week’s highlights. Resistance for AUD/USD is seen at 0.8162, 0.8042/75 and 0.7938/89, with support noted at 0.7891/0.7913, 0.7833/38, and 0.7222/0.7679.
The Canadian economic calendar is light this coming week, only featuring Foreign Securities Purchases (23.45B) on Wednesday; Manufacturing Sales (-1.00%) on Thursday; and CPI (0.00%), Common CPI (last 1.40%), Median CPI (last 1.60%), and Trimmed CPI (last 1.20%) on Friday. Resistance for USD/CAD is seen at 1.2859/1.2928, 1.2752/63 and 1.2713, while support shows at 1.2654/80, 1.2522/75 and 1.2362/1.2413.
The Eurozone economic calendar is rather inactive this coming week, only featuring German Preliminary GDP (0.70%), as well as a French and Italian Bank Holiday on Tuesday; Flash EZ GDP (0.60%) on Wednesday; and Final CPI (1.30%) and the ECB Monetary Policy Meeting Accounts on Thursday. Resistance for EUR/USD is seen at 1.2042, 1.1910 and 1.1846/76, with support showing at 1.1683/1.1776, 1.1616 and 1.11209/1.1494.
The UK economic calendar is moderately busy this coming week, featuring key jobs data on Wednesday. Monday is quiet, so Tuesday starts the week’s highlights off with CPI (2.70%), PPI Input (0.40%), and the RPI (3.50%). Wednesday then offers the Average Earnings Index (1.80%), the Claimant Count Change (7.2K), and the Unemployment Rate (4.50%), while Thursday features Retail Sales (0.20%) to conclude the week’s highlights. Resistance to the topside for GBP/USD shows at 1.3267/79, 1.3120/58 and 1.3047, while support for the pair is expected at 1.2932/1.2988, 1.2768/1.2899 and 1.2690.
The Japanese economic calendar is very peaceful this coming week, only featuring Preliminary GDP (1.00%) on Monday. Resistance for USD/JPY currently shows up at 115.30/61, 112.92/114.95 and 110.08/112.25, with support indicated at 109.74/91, 108.78/109.11 and 108.13.
The New Zealand economic calendar is rather sparse this coming week, only featuring Retail Sales (2.00%) and Core Retail Sales (2.10%) on Sunday; the GDT Price Index (last -1.60%) on Tuesday; and PPI Input (0.90%) on Wednesday. The chart for NZD/USD shows resistance at 0.7608/17, 0.7557 and 0.7344/0.7484. On the downside, technical support is expected at 0.7297/0.7308, 0.6817/0.7262 and 0.6674/0.6738.
The U.S. economic calendar is quite busy this coming week, featuring Retail Sales data on Tuesday. Tuesday starts the week’s highlights off with Core Retail Sales (0.30%), Retail Sales (0.40%), the Empire State Manufacturing Index (10.2), and Import Prices (0.10%). Wednesday then offers Building Permits (1.25M), Housing Starts (1.23M), Crude Oil Inventories (last -6.5M), and the FOMC Meeting Minutes, while Thursday features Weekly Initial Jobless Claims (240K), the Philly Fed Manufacturing Index (18.4), the Capacity Utilization Rate (76.70%), Industrial Production (0.30%) and a speech by FOMC Member Kaplan . Friday’s important data then concludes the week with the Preliminary University of Michigan Consumer Sentiment survey (94.1) and a speech by FOMC Member Kaplan.