Key Fundamental Forex Events for the Week of December 28th through January 1st
The following table lists the key economic data and other events that came out during the week of December 28th through January 1st, with release times displayed for the GMT time zone.
The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events.
Sunday, December 27th
All Day NZD Bank Holiday
All Day AUD Bank Holiday
11:50pm JPY Retail Sales -1.0% versus -0.1% expected. The currency rose.
Monday, December 28th
All Day GBP Bank Holiday
All Day CAD Bank Holiday
Tuesday, December 29th
1:30pm USD Goods Trade Balance -60.5B versus -60.9B expected. The currency rose.
3:00pm USD CB Consumer Confidence 96.5 versus 93.9 expected. The currency rose.
Wednesday, December 30th
8:00am EUR Spanish Flash CPI 0.0% versus 0.1% expected. The currency rose.
9:00am EUR M3 Money Supply 5.1% versus 5.2% expected. The currency rose.
3:00pm USD Pending Home Sales -0.9% versus 0.6% expected. The currency rose.
3:30pm USD Crude Oil Inventories 2.6M versus -1.8M expected. The currency rose.
Thursday, December 31st
All Day JPY Bank Holiday
All Day EUR German Bank Holiday
1:30pm USD Weekly Initial Jobless Claims 287K versus 274K expected. The currency rose.
2:45pm USD Chicago PMI 42.9 versus 50.4 expected. The currency rose.
All Day NZD Bank Holiday
All Day AUD Bank Holiday
Friday, January 1st
All Day CNY Bank Holiday
All Day JPY Bank Holiday
1:00am CNY Manufacturing PMI 49.7 versus 49.9 expected.
1:00am CNY Non-Manufacturing PMI 54.4 versus last 53.6.
All Day CHF Bank Holiday
All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
All Day EUR Italian Bank Holiday
All Day GBP Bank Holiday
All Day CAD Bank Holiday
All Day USD Bank Holiday
Technical Recap for the Majors This Week
EUR/USD:
Forecast: Lower
Actual: Lower from a 1.09506 open to a 1.08636 close.
USD/JPY:
Forecast: Higher
Actual: Mildly Lower from a 120.243 open to 120.185 close.
GBP/USD:
Forecast: Lower
Actual: Lower from a 1.49037 open to a 1.47323 close.
AUD/USD:
Forecast: Mildly Higher
Actual: Mildly higher from a 0.72741 open to 0.72881 close.
USD/CAD:
Forecast: Mildly Lower
Actual: Mildly higher from a 1.38146 open to a 1.38272 close.
NZD/USD:
Forecast: Higher
Actual: Mildly higher from a 0.68269 open to a 0.68356 close.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.