Weekly Forex Market Followup (January 28th - February 1st 2013)

Key Fundamental Forex Events for the Week of January 28th through February 1st

The following table lists the key economic data and other events that came out during the week of January 28th through February 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.

Monday, January 28th

  • All Day AUD Bank Holiday. The currency fell.
  • 1:30pm USD Core Durable Goods Orders 1.3% versus 0.8% expected. The currency rose.
  • 3:00pm USD Pending Home Sales -4.3% versus 0.5% expected.

Tuesday, January 29th

  • 3:00pm USD CB Consumer Confidence 58.6 versus 64.5 expected. The currency fell.

Wednesday, January 30th

  • 10:11am EUR Italian 10-year Bond Auction 4.17 average yield versus last 4.48 and 1.3 bid to cover ratio versus last 1.5. The currency rose.
  • 1:15pm USD ADP Non-Farm Payrolls 192K versus 164K expected. The currency fell.
  • 1:30pm USD Advance GDP -0.1% versus 1.3% expected.
  • 7:15pm USD FOMC Statement noted that, ““.
  • 8:00pm NZD Official Cash Rate 2.50%, as expected. The currency fell.
  • 8:00pm NZD RBNZ Rate Statement noted that, ““.

Thursday, January 31st

  • 1:30pm CAD GDP 0.3% versus 0.2% expected. The currency rose.
  • 1:30pm USD Weekly Initial Jobless Claims 368K versus 355K expected. The currency fell.

Friday, February 1st

  • 12:30am AUD PPI 0.2% versus 0.3% expected. The currency fell.
  • 1:00am CNY Manufacturing PMI 50.4 versus 51.1 expected.
  • 9:30am GBP Manufacturing PMI 50.8 versus 51.0 expected. The currency fell.
  • 1:30pm USD Non-Farm Payrolls 157K versus 156K expected. The currency fell.
  • 1:30pm USD Unemployment Rate 7.9% versus 7.8% expected.
  • 3:00pm USD ISM Manufacturing PMI 53.1 versus 50.8 expected.

Technical Recap for the Majors This Week


Forecast: Higher
Actual: Higher from a 1.3458 open to a 1.3697 close.


Forecast: Mildly Higher
Actual: Higher from a 91.06 open to a 92.51 close.


Forecast: Mildly Lower
Actual: Mildly lower from a 1.5765 open to a 1.5738 close.


Forecast: Higher
Actual: Mildly lower from a 1.0415 open to a 1.0405 close.


Forecast: Mildly Lower
Actual: Mildly lower from a 1.0068 open to a 0.9995 close.


Forecast: Higher
Actual: Higher from a 0.8354 open to a 0.8454 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.

Popular Forex Education Articles

Forex Glossary

View all 1335260265glossary

Forex Strategy

View all icon strategy board

Broker Tips

View all Forex Broker Tips

Technical Analysis

View all icon chart

Fundamental Analysis

View all icon calculator

Trading Psychology

View all icon green brain

Money Management

View all piggy money management

Trading Plan

View all packagegamesstrategy

Automated Trading

View all automated forex trading

Famous Traders

View all medal

Forex Software

View all icon forex software

Forex Indicators

View all forex indicators icon

Forex for Dummies

View all

Popular Currency Pairs

Member Sentiment Bearish Bearish
long 20%
short 100%
Forex Chart powered by CMS Forex. Past performance is not indicative of future results.