The Australian economic calendar is very quiet this coming week, only featuring a speech by RBA Assistant Governor Debelle on Tuesday. Resistance for AUD/USD is seen at 0.7913/38, 0.7718/0.7834 and 0.7582/0.7679, with support noted at 0.7416/0.7535, 0.7222/0.7388 and 0.7159/62.
The Canadian economic calendar is somewhat active this coming week, only featuring a speech by BOC Governor Poloz on Wednesday, and GDP (last 0.50%), RMPI (last 1.60%) and the BOC Business Outlook Survey on Friday. Resistance for USD/CAD is seen at 1.3752/92, 1.3347/1.3696 and 1.3263/1.3312, while support shows at 1.3191/1.3223, 1.3164/69 and 1.3056.
The Eurozone economic calendar is fairly busy this coming week, featuring CPI data on Friday. Monday starts the week’s highlights off with the German Ifo Business Climate survey (114.7) and a speech by ECB President Draghi, and Tuesday’s key events include a speech by ECB President Draghi. Wednesday then offers the EZ M3 Money Supply (5.00%) and a speech by ECB President Draghi, while Thursday features German Preliminary CPI (0.00%), Spanish Flash CPI (1.60%) and an Italian Bank Holiday. Friday’s important data then concludes the week with German Retail Sales (0.30%), the EZ CPI Flash Estimate (1.30%) and the EZ Core CPI Flash Estimate (1.00%). Resistance for EUR/USD is seen at 1.1414/27, 1.1326/65 and 1.1209/95, with support showing at 1.1166, 1.1109/39 and 1.1020/45.
The UK economic calendar is somewhat active this coming week, featuring Final GDP data on Friday. Tuesday starts the week’s highlights off with the BOE Financial Stability Report and a speech by BOE Governor Carney, and Wednesday offers another speech by BOE Governor Carney. Thursday then features Net Lending to Individuals (4.0B), while Friday’s important data then concludes the week with the Current Account (-16.5B) and Final GDP (0.20%). Resistance to the topside for GBP/USD shows at 1.3047/57, 1.2814/1.2983 and 1.2768/74, while support for the pair is expected at 1.2690, 1.2557/1.2635 and 1.2358/1.2376.
The Japanese economic calendar is light this coming week, only featuring a speech by BOJ Governor Kuroda on Wednesday. Resistance for USD/JPY currently shows up at 114.75/95, 113.79/114.36 and 111.41/113.04, with support indicated at 110.08/95, 108.81/109.11 and 107.48/108.12.
The New Zealand economic calendar is sparse this coming week, only featuring ANZ Business Confidence (last 14.9) on Thursday. The chart for NZD/USD shows resistance at 0.7402/84, 0.7349/75 and 0.7297/0.7318. On the downside, technical support is expected at 0.7205/46, 0.6817/0.7184 and 0.6674/0.6738.
The U.S. economic calendar is quite active this coming week, featuring GDP data on Thursday. Monday starts the week’s highlights off with Core Durable Goods Orders (0.40%) and Durable Goods Orders (-0.50%), and Tuesday’s key events include CB Consumer Confidence (116.2), and speeches by FOMC Members Harker and Kashkari, as well as Fed Chair Yellen. Wednesday then offers Pending Home Sales (0.60%) and Crude Oil Inventories (last -2.5M), while Thursday features Final GDP (1.20%), and Weekly Initial Jobless Claims (240K). Friday’s important data then concludes the week with the Core PCE Price Index (0.10%), Personal Spending (0.10%), Chicago PMI (58.2), the Revised University of Michigan Consumer Sentiment survey (94.6).