The Australian economic calendar is light this coming week, only featuring the Monetary Policy Meeting Minutes and the HPI (2.40%) on Tuesday; followed on Wednesday with a speech by RBA Assistant Governor Debelle. Resistance for AUD/USD is seen at 0.7834, 0.7740/77 and 0.7717/18, with support noted at 0.7591/0.7662, 0.7490/0.7556 and 0.7222/0.7310.
The Canadian economic calendar is rather active this coming week, featuring CPI data on Friday. Monday starts the week’s highlights off with Wholesale Sales (0.30%), and Tuesday’s key events include Core Retail Sales (last -0.30%) and Retail Sales (last -0.50%). Wednesday then offers a speech by Governing Council Member Schembri and the Annual Budget Release, while Thursday features nothing notable. Friday’s important data then concludes the week with CPI (last 0.90%), Common CPI (last 1.30%), Median CPI (last 1.90%) and Trimmed CPI (last 1.70%). Resistance for USD/CAD is seen at 1.3534/63, 1.3420/95 and 1.3377/86, while support shows at 1.3275/1.3312, 1.3209/11 and 1.3125/77.
The Eurozone economic calendar is not very busy this coming week, only featuring a speech by German Buba President Weidmann on Monday; the ECB’s Long Term Refinancing Operation (last 62.2B) on Thursday; and French Flash Manufacturing PMI (52.4), French Flash Services PMI (56.2), German Flash Manufacturing PMI (56.6), German Flash Services PMI (54.5), EZ Flash Manufacturing PMI (55.3) and EZ Flash Services PMI (55.4) on Friday. Resistance for EUR/USD is seen at 1.1139 and 1.0774/1.0964, with support showing at 1.0698/1.0718, 1.0617/39 and 1.0339/1.0520.
The UK economic calendar is rather sparse this coming week, only featuring a speech by MPC Member Haldane on Monday; CPI (2.10%), PPI Input (0.20%), Public Sector Net Borrowing (2.9B) and the RPI (2.90%) on Tuesday; and a speech by MPC Member Broadbent and Retail Sales (0.40%) on Thursday. Resistance to the topside for GBP/USD shows at 1.2672/1.2705, 1.2451/1.2581 and 1.2346/1.2411, while support for the pair is expected at 1.2213, 1.2081/1.2199 and 1.1985/1.2037.
The Japanese economic calendar is peaceful this coming week, featuring no notable data releases. Also, Monday is a Japanese Bank Holiday. Resistance for USD/JPY currently shows up at 116.86, 114.74/116.07 and 112.61/113.79, with support indicated at 112.55, 111.92/112.04 and 111.35/68.
The New Zealand economic calendar is fairly quiet this coming week, only featuring the GDT Price Index (last -6.30%) on Tuesday; the Official Cash Rate Decision (unchanged at 1.75%) and the RBNZ Rate Statement on Wednesday; and the Trade Balance (160M) on Thursday. The chart for NZD/USD shows resistance at 0.7236/46, 0.7116/72 and 0.7040/48. On the downside, technical support is expected at 0.6948/96, 0.6861/96 and 0.6707/38.
The U.S. economic calendar is moderately active this coming week, featuring a speech by President Trump on Monday. Monday starts the week’s highlights off with speeches by FOMC Member Evans and President Trump, and Tuesday’s key events include a speech by FOMC Member Dudley and the Current Account (-129B). Wednesday then offers Existing Home Sales (5.59M) and Crude Oil Inventories (last -0.2M), while Thursday features Weekly Initial Jobless Claims (240K), a speech by Fed Chair Yellen, New Home Sales (566K), and speeches by FOMC Members Kashkari and Kaplan. Friday’s important data then concludes the week with a speech by FOMC Member Evans, Core Durable Goods Orders (0.50%) and Durable Goods Orders (1.10%).