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 25th – June 29th, 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.

Monday, June 25th

• 3:00pm USD New Home Sales (347K expected, > good for currency)

Tuesday, June 26th

• 9:30am GBP Public Sector Net Borrowing (13.1B expected, < good for currency)
• 10:00am GBP Inflation Report Hearings (hawkish = good for currency)
• 3:00pm USD CB Consumer Confidence (64.0 expected, > good for currency)

Wednesday, June 27th

• 1:30pm USD Core Durable Goods Orders (1.0% expected, > good for currency)
• 3:00pm USD Pending Home Sales (1.3% expected, > good for currency)

Thursday, June 28th

• 2:00am NZD NBNZ Business Confidence (last 27.1 expected, > good for currency)
• 9:30am GBP Current Account (-8.9B expected, > good for currency)
• All Day EUR EU Economic Summit (hawkish = good for currency)
• 1:30pm USD Weekly Initial Jobless Claims (385K expected, < good for currency)

Friday, June 29th

• All Day EUR Italian Bank Holiday
• Tentative EUR Italian 10-y Bond Auction (last 6.03% yield and 1.4 Bid to Cover Ratio expected, < yield good for currency)
• 10:30am GBP BOE Governor King Speaks (hawkish = good for currency)
• 1:30pm CAD GDP (0.2% expected, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week

EURUSD: Mildly Higher

Resistance:
Initial: 1.2588, 1.2623, 1.2668, 1.2747, 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: 1.2519, 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 Lower

Resistance:
Initial: 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: 79.96/80.22, 79.74/79, 79.40/42, 79.11, 78.99, 78.66, 78.59, 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 Higher

Resistance:
Initial: 1.5585/1.5601, 1.5624/47, 1.5668, 1.5685/91, 1.5717, 1.5725, 1.5732, 1.5777/
81, 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, 1.5267/77, 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: Higher

Resistance:
Initial: 1.0100, 1.0117, 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: 1.0052, 1.0000/18, 0.9925/83, 0.9900, 0.9896, 0.9861/63, 0.9849, 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 Lower

Resistance:
Initial: 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: 1.0232, 1.0220, 1.0206/09, 1.0200, 1.0158/99, 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: Higher

Resistance:
Initial: 0.7906, 0.7914, 0.7955, 0.7979, 0.7993/96, 0.8013, 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: 0.7804/88, 0.7783/95, 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.