Key Fundamental Forex Events and Forecasts for the Coming Week

The following table lists the key economic data and other events that are due out during the week of June 11th – June 15th, with release times displayed for the GMT time zone.

The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively.

Sunday, June 10^th

• 4:02am CNY Trade Balance (18.7B, > good for currency)
• All Day AUD Bank Holiday

Monday, June 11th

• 12:50am JPY BSI Manufacturing Index (-2.4, > good for currency)
• 7:45am EUR French Industrial Production (0.1%, > good for currency)
• 5:00pm USD FOMC Member Lockhart Speaks (hawkish = good for currency)
• 11:00pm USD FOMC Member Pianalto Speaks (hawkish = good for currency)

Tuesday, June 12^th

• 9:30am GBP Manufacturing Production (0.1%, > good for currency)
• 1:00am JPY BOJ Governor Shirakawa Speaks (hawkish = good for currency)

Wednesday, June 13^th

• 12:10am AUD RBA Governor Stevens Speaks (hawkish = good for currency)
• 1:30pm USD Core Retail Sales (0.1%, > good for currency)
• 1:30pm USD PPI (-0.6%, > good for currency)
• 1:30pm USD Retail Sales (-0.1%, > good for currency)
• 10:00pm NZD Official Cash Rate (2.50%, > good for currency)
• 10:00pm NZD RBNZ Press Conference (hawkish = good for currency)
• 10:00pm NZD RBNZ Rate Statement (hawkish = good for currency)

Thursday, June 14^th

• 2:10am NZD RBNZ Governor Bollard Speaks (hawkish = good for currency)
• 8:30am CHF Libor Rate (<0.25%, > good for currency)
• 8:30am CHF SNB Monetary Policy Assessment (hawkish = good for currency)
• 8:30am CHF SNB Press Conference (hawkish = good for currency)
• 1:30pm USD Core CPI (0.2%, > good for currency)
• 1:30pm USD Weekly Initial Jobless Claims (378K, < good for currency)
• 7:00pm GBP BOE Governor King Speaks (hawkish = good for currency)

Friday, June 15^th

• Tentative JPY Monetary Policy Statement (hawkish = good for currency)
• Tentative JPY Overnight Call Rate (<0.10%, > good for currency)
• Tentative JPY BOJ Press Conference (hawkish = good for currency)
• 2:55pm USD Preliminary University of Michigan Consumer Sentiment (77.5, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week

EURUSD: Lower

Resistance:
Initial: 1.2668, 1.2857/86, 1.2904, 1.2946/94, 1.3000/55, 1.3133/59, 1.3211/24, 1.3251/92, 1.3321, 1.3376/85, 1.3433 and 1.3485/95.
Above: 1.3546/68, 1.3614, 1.3795/98, 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939.

Support:
Initial: 1.2623, 1.2588, 1.2496, 1.2456, 1.2435, 1.2329, 1.2288, 1.1938, 1.1876 and 1.1639.
Below: 1.0762, 1.0206, 0.9599/0.9607, 0.9338, 0.8410, 0.8347 and 0.8225.

USDJPY: Mildly Higher

Resistance:
Initial: 79.79, 79.96/80.22, 80.56/61, 80.82, 81.14/46, 81.76/96, 82.01/22, 82.53 and 82.64.
Above: 83.01/83.96, 84.09/17, 84.51, 84.80, 85.51, 85.92, 87.11/13, 87.95, 93.77 and 94.97.

Support:
Initial: 79.40/42, 79.11, 78.99, 78.66, 78.28, 78.06, 77.00, 77.66, 77.89, 76.73/83 and 76.02/41.
Below: 75.94/98, 75.70 and 75.56.

GBPUSD: Mildly Lower

Resistance:
Initial: 1.5585/1.5601, 1.5624/47, 1.5668, 1.5685/91, 1.5717, 1.5732, 1.5781, 1.5804/07, 1.5890, 1.5907, 1.5921/27, 1.5983/90, 1.6035, 1.6061/92, 1.6109 and 1.6182/98.
Above: 1.6297, 1.6301, 1.6452/56, 1.6474, 1.6546, 1.6570, 1.6589/98, 1.6616, 1.6741/45 and 1.6876.

Support:
Initial: 1.5516, 1.5403/99, 1.5375, 1.5293, 1.5270/77, 1.5267, 1.5232, 1.5123, 1.5066 and 1.5000.
Below: 1.4785/98, 1.4348, 1.4232, 1.3653 and 1.3501. 

AUDUSD: Mildly Lower

Resistance:
Initial: 1.0000/18, 1.0052, 1.0100/16, 1.0216/66, 1.0303/84, 1.0422, 1.0444/51 and 1.0474/98.
Above: 1.0508, 1.0556, 1.0596, 1.0608/38, 1.0654, 1.0668/86, 1.0751/53, 1.0792/98, 1.0842/54, 1.1010, 1.1064 and 1.1079.

Support:
Initial: 0.9925/83, 0.9900, 0.9896, 0.9861/63, 0.9794, 0.9732, 0.9620/89, 0.9585, 0.9536/41, 0.9500 and 0.9486.
Below: 0.9382/86, 0.9341, 0.9329, 0.9221, 0.8915, 0.8734, 0.8578 and 0.8066/81.

USDCAD: Mildly Higher

Resistance:
Initial: 1.0232, 1.0262/1.0311, 1.0334/37, 1.0353, 1.0415/23, 1.0438/39, 1.0481 and 1.0500.
Above: 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85.

Support:
Initial: 1.0220, 1.0206/09, 1.0160/99, 1.0105/42, 1.0018/78, 0.9924/97, 0.9906, 0.9828/99, 0.9789/99 and 0.9724.
Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405.

NZDUSD: Mildly Lower

Resistance:
Initial: 0.7783/95, 0.7804/88, 0.7906, 0.7955, 0.7979, 0.7993/96, 0.8057/99, 0.8109/35, 0.8204, 0.8227, 0.8240/62, 0.8279 and 0.8294.
Above: 0.8317/95, 0.8405, 0.8420/27, 0.8504, 0.8571, 0.8764 and 0.8841.

Support:
Initial: 0.7723, 0.7605/76, 0.7552/85, 0.7521, 0.7500, 0.7404/67, 0.7369, 0.7342, 0.7321, 0.7189, 0.7115, 0.7099 and 0.7000.
Below: 0.6945/62, 0.6793, 0.6686, 0.6560, 0.5914/28, 0.5012, 0.4890, 0.4485, 0.4451 and 0.3909.