The Australian economic calendar is somewhat active this coming week, only featuring the RBA’s Monetary Policy Meeting Minutes and a speech by RBA Assistant Governor Ellis on Tuesday; followed on Thursday by the Employment Change (15.2K), the Unemployment Rate (5.60%), the NAB Quarterly Business Confidence survey (last 7), and a speech by RBA Assistant Governor Bullock. Resistance for AUD/USD is seen at 0.8659, 0.8102/62 and 0.7896/0.8075, with support noted at 0.7785/0.7834, 0.7711/33 and 0.7562/0.7679.
The Canadian economic calendar is quite active this coming week, featuring CPI data on Friday. Monday starts the week off with Foreign Securities Purchases (last 23.95B) and the BOC Business Outlook Survey, while Tuesday offers a speech by Governing Council Member Wilkins. Wednesday then has Manufacturing Sales (last -2.6%), while Friday concludes the week’s highlights with the CPI (last 0.1%), Core Retail Sales (last 0.2%), Common CPI (last 1.5%), Median CPI (last 1.7%), Retail Sales (last 0.4%) and Trimmed CPI (last 1.4%). Resistance for USD/CAD is seen at 1.2777, 1.2652/62 and 1.2518/99, while support shows at 1.2338/1.2465 and 1.2195/1.2239.
The Eurozone economic calendar is quite inactive this coming week, only featuring a speech by German Buba President Weidmann on Sunday; the German ZEW Economic Sentiment survey (20.3) and Final EZ CPI (1.50%) on Tuesday; and a speech by ECB President Draghi on Wednesday. Resistance for EUR/USD is seen at 1.2623, 1.2329 and 1.1834/1.2091, with support showing at 1.1776, 1.1661/1.1717 and 1.1583.
The UK economic calendar is a bit busier this coming week, featuring key jobs data on Wednesday. Tuesday starts the week off with a speech by MPC Member Ramsden, CPI (3.00%), PPI Input (1.20%), the RPI (4.00%), and speeches by MPC Member Tenreyro and BOE Governor Carney, while Wednesday features the Average Earnings Index (2.10%), the Claimant Count Change (3.2K), and the Unemployment Rate (4.30%). Thursday then offers Retail Sales (-0.10%), and Friday finishes off the week’s highlights with Public Sector Net Borrowing (5.7B). Resistance to the topside for GBP/USD shows at 1.3656, 1.3617 and 1.3338/1.3480, while support for the pair is expected at 1.3223/65, 1.3125 and 1.2906/1.3047.
The Japanese economic calendar is very peaceful this coming week, only featuring a speech by BOJ Governor Kuroda on Sunday. Resistance for USD/JPY currently shows up at 115.61, 113.25/114.49 and 112.32/92, with support indicated at 110.08/111.95, 108.13/109.91 and 107.31/48.
The New Zealand economic calendar is sparse this coming week, only featuring CPI (0.40%) on Monday, followed on Tuesday by the GDT Price Index (last -2.4%). The chart for NZD/USD shows resistance at 0.7608/17, 0.7557 and 0.7184/0.7484. On the downside, technical support is expected at 0.7131, 0.6817/0.7057 and 0.6674/0.6738.
The U.S. economic calendar is busy this coming week, featuring speeches by Fed Chair Yellen on Sunday and Saturday. Monday has the Empire State Manufacturing Index (20.3), and Tuesday offers Import Prices (0.60%), the Capacity Utilization Rate (76.20%), Industrial Production (0.40%) and a speech by FOMC Member Harker. Wednesday’s highlights then include speeches by FOMC Members Dudley and Kaplan, Building Permits (1.25M), Housing Starts (1.18M) and Crude Oil Inventories (last -2.7M). Thursday features Weekly Initial Jobless Claims (245K) and the Philly Fed Manufacturing Index (22.2); Friday has Existing Home Sales (5.32M) due out; and Saturday features a speech by Fed Chair Yellen.