Key Fundamental Forex Events for the Week of December 22nd through January 2nd
The following table lists the key economic data and other events that came out during the week of December 22nd through January 2nd, 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.
Monday, December 29th
All Day EUR Greek Presidential Elections: Stavros Dimas failed to get the required majority in the initial three voting rounds, so snap elections will be held on January 25th, 2015. After that, the Greek presidential elections will require another three rounds until a candidate is chosen.
Tuesday, December 30th
7:00am GBP Nationwide HPI 0.2% versus 0.3% expected. The currency rose.
8:00am EUR Spanish Flash CPI -1.1% versus -0.7% expected. The currency fell.
9:00am EUR M3 Money Supply 3.1% versus 2.6% expected. The currency fell.
9:00am EUR Private Loans -0.9% versus -0.9% expected. The currency fell.
10:20am EUR Italian 10-Year Bond Auction 1.89 with a 1.3 bid to cover ratio versus last 2.08 average yield with a 1.6 bid to cover ratio. The currency fell.
3:00pm USD CB Consumer Confidence 92.6 versus 94.6 expected. The currency fell.
Wednesday, December 31st
All Day JPY Bank Holiday
1:45am CNY HSBC Final Manufacturing PMI 49.6 versus 49.5 expected. The currency fell.
All Day EUR German Bank Holiday
1:30pm USD Weekly Initial Jobless Claims 298K versus 287K expected. The currency rose.
2:45pm USD Chicago PMI 58.3 versus 60.2 expected. The currency rose.
3:00pm USD Pending Home Sales 0.8% versus 0.6% expected. The currency rose.
3:30pm USD Crude Oil Inventories -1.8M versus last 7.3M. The currency rose.
All Day NZD Bank Holiday
All Day AUD Bank Holiday
Thursday, January 1st
All Day CNY Bank Holiday
All Day JPY Bank Holiday
1:00am CNY Manufacturing PMI 50.1 versus 50.0 expected.
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
All Day NZD Bank Holiday
Friday, January 2nd
All Day CNY Bank Holiday
All Day JPY Bank Holiday
All Day CHF Bank Holiday
8:15am EUR Spanish Manufacturing PMI 53.8 versus 54.9 expected. The currency fell.
8:45am EUR Italian Manufacturing PMI 48.4 versus 49.6 expected. The currency fell.
9:30am GBP Manufacturing PMI 52.6 versus 53.7 expected. The currency fell.
9:30am GBP Net Lending to Individuals 3.3B versus 2.5B expected. The currency fell.
3:00pm USD ISM Manufacturing PMI 55.5 versus 57.6 expected. The currency rose.
Saturday, January 3rd
1:00am CNY Non-Manufacturing PMI has not yet been released. 53.9 expected.
Technical Recap for the Majors This Week
EUR/USD:
Forecast: Higher
Actual: Lower from a 1.21762 open to a 1.20004 close.
USD/JPY:
Forecast: Mildly Lower
Actual: Mildly higher from a 120.362 open to a 120.478 close.
GBP/USD:
Forecast: Higher
Actual: Lower from a 1.55517 open to a 1.53247 close.
AUD/USD:
Forecast: Higher
Actual: Mildly lower from a 0.81133 open to a 0.80870 close.
USD/CAD:
Forecast: Higher
Actual: Higher from a 1.16258 open to a 1.17805 close.
NZD/USD:
Forecast: Higher
Actual: Mildly lower from a 0.7746 open to a 0.7690 close.
Diclaimer: 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.