Forex Brokerage Firms - FX Brokers: December 2011

Wednesday, December 28, 2011

Weekly Forex Market Followup (October 17th - October 21st 2011)

Key Fundamental Forex Events for the Week of October 17th
through October 21st The following table lists the key economic
data and other events that came out during the week of October 17th
through the 21st, 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, October 17th 3:30pm CAD BOC Business Outlook
Survey noted that, The business outlook survey suggests that though
respondents expect growth to continue, the optimism has been
curtailed, this moderation in confidence provides further reason
for the Bank of Canada to maintain its highly accommodative stance.
The CAD fell. Tuesday, October 18th 1:30am AUD Monetary Policy
Meeting Minutes noted that, In the Australian markets, there was an
expectation that the cash rate would be reduced significantly by
the middle of next year, which was reflected in lower yields on
comparable government paper and bank bills. The AUD rose. 3:00am
CNY GDP 9.1% versus 9.3% expected. 9:30am GBP CPI 5.2% versus 4.9%
expected. The GBP fell. 10:00am EUR German ZEW Economic Sentiment
-48.3 versus -44.7 expected. The EUR rose slightly. 1:30pm USD PPI
0.8% versus 0.2% expected. 2:00pm USD TIC Long-Term Purchases 57.9
versus 27.8B expected. 6:15pm USD Fed Chairman Bernanke spoke. He
said that, Forward guidance and other forms of communication about
policy can be valuable even when the zero lower bound is not
relevant, and I expect to see increasing use of such tools in the
future. The USD was mixed. Wednesday, October 19th 9:30am GBP MPC
Meeting Minutes vote 0-0-9, as expected. They noted that, The
Committees view remained that inflation was likely to rise above 5%
in the near term, boosted by already announced increases in utility
prices. Inflation was then expected to fall back sharply in the
first part of 2012 as base effects from both the earlier VAT
increase and higher oil prices dropped out of the twelve-month
comparison. The GBP rose. 1:30pm USD Building Permits 0.59M versus
0.61M expected. 1:30pm USD Core CPI 0.1% versus 0.2% expected. The
USD was mixed. Thursday, October 20th 9:30am GBP Retail Sales 0.6%
versus 0.1% The GBP rose slightly. 1:30pm USD Weekly Initial
Jobless Claims 403K versus 405K expected. 3:00pm USD Existing Home
Sales 4.91M versus 4.94M expected. 3:00pm USD Philly Fed
Manufacturing Index 8.7 versus -9.0 expected. The USD fell except
versus the JPY. Friday, October 21st 9:00am EUR German Ifo Business
Climate 106.4 versus 106.3 expected. The EUR rose. 9:30am GBP
Public Sector Net Borrowing 11.4B versus 11.9B expected. The GBP
rose. 12:00pm CAD Core CPI 0.5% versus 0.2% expected. The CAD rose.
Technical Recap for the Majors This Week EURUSD: Forecast:
LowerActual: Mildly higher from a 1.3866 open to a 1.3880 close.
USDJPY: Forecast: Mildly LowerActual: Mildly lower from a 77.06
open to a 76.13 close. GBPUSD: Forecast: LowerActual: Higher from a
1.5823 open to a 1.5944 close. AUDUSD: Forecast: HigherActual:
Mildly higher from a 1.0324 open to a 1.0335 close. USDCAD:
Forecast: LowerActual: Mildly lower from a 1.0108 open to a 1.0087
close. NZDUSD: Forecast: HigherActual: Virtually unchanged from a
0.8016 open to a 0.8011 close.

Weekly Forex Market Forecast (October 31st - November 4th 2011)

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 October 31st - November
4th, 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, October
30th 10:45pm NZD Building Consents (last 12.5%, good for NZD)
Monday, October 31st 1:30pm CAD GDP (0.2%, good for CAD) 10:45pm
NZD Labor Cost Index (0.9%, good for NZD) Tuesday, November 1st
2:00am CNY Manufacturing PMI (51.9) 4:30am AUD Cash Rate (4.75%,
good for AUD) 4:30am AUD RBA Rate Statement (hawkish = good for
AUD) 8:00am GBP Nationwide HPI (0.1%, good for GBP) 1st-4th GBP
Halifax HPI (0.1%, good for GBP) 9:15am CHF Retail Sales (2.3%,
good for CHF) 10:30am GBP Manufacturing PMI (50.0, good for GBP)
10:30am GBP Prelim GDP (0.4%, good for GBP) 3:00pm USD ISM
Manufacturing PMI (52.3, good for USD) Wednesday, November 2nd
1:30am AUD Building Approvals (-4.5%, good for AUD) 10:30am GBP
Construction PMI (50.2, good for GBP) 1:15pm USD ADP Non-Farm
Employment Change (103K, good for USD) 5:30pm USD Federal Funds
Rate Decision (0.25%, good for USD) 5:30pm USD FOMC Statement
(hawkish = good for USD) 7:15pm USD FOMC Press Conference (hawkish
= good for USD) 10:45pm NZD Employment Change (0.6%, good for NZD)
10:45pm NZD Unemployment Rate (6.4%, good for NZD) Thursday,
November 3rd 1:30am AUD Retail Sales (0.5%, good for AUD) 10:30am
GBP Services PMI (51.9, good for GBP) 1:30pm USD Weekly Initial
Jobless Claims (402K, good for USD) 1:45pm EUR Minimum Bid Rate
(1.50%, good for EUR) 2:30pm EUR ECB Press Conference (hawkish =
good for EUR) 3:00pm USD ISM Non-Manufacturing PMI (53.9, good for
USD) Friday, November 4th 1:30am AUD RBA Monetary Policy Statement
(hawkish = good for USD) 12:00pm CAD Employment Change (20.3K, good
for CAD) 12:00pm CAD Unemployment Rate (7.2%, good for CAD) 1:30pm
CAD Building Permits (2.7%, good for CAD) 1:30pm USD Non-Farm
Employment Change (98K, good for USD) 1:30pm USD Unemployment Rate
(9.1%, good for USD) 3:00pm CAD Ivey PMI (56.2, good for CAD)
Technical Forecast and Levels to Watch for the Majors This Week
EURUSD: Lower Resistance: Initial: 1.4246, 1.4258 and 1.4279.Above:
1.4327, 1.4499/1.4503, 1.4548/74, 1.4695 and 1.4939. Support:
Initial: 1.4133, 1.3973, 1.3798, 1.3720/43, 1.3652/97,1.3565 and
1.3520/24.Below: 1.3450, 1.3360, 1.3333, 1.3241/44, 1.3145, 1.3055,
1.3000 and 1.2968. USDJPY: Mildly Higher Resistance: Initial:
75.93, 76.00, 76.31, 76.47/52, 77.19/48, 77.71, 77.85, 78.02,
78.66, 79.05, 79.40 and 80.00.Above: 80.22, 80.82, 81.34, 81.76,
82.01/22, 82.77, 83.09 and 83.77. Support: Initial: 75.70 and
75.65.Below: 75.00 and 70.00 likely. GBPUSD: Lower Resistance:
Initial: 1.6130, 1.6140, 1.6151, 1.6204/06, 1.6252/59 and
1.6332/47.Above: 1.6434/73, 1.6500/98 and 1.6616. Support: Initial:
1.6117, 1.6070, 1.6040, 1.6000, 1.5977, 1.5912/19, 1.5883/89,
1.5839/67, 1.5630/85 and 1.5525/31Below: 1.5483, 1.5422, 1.5373,
1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000. AUDUSD: Lower
Resistance:Initial: 1.0718/26, 1.0730, 1.0751, 1.0763, 1.0784 and
1.0909.Above: 1.1000, 1.1015, 1.1064 and 1.1079. Support: Initial:
1.0654, 1.0498, 1.0370, 1.0351, 1.0320, 1.0229, 1.0116, 1.0100,
1.0012 and 1.0000.Below: 0.9983, 0.9925, 0.9863, 0.9732, 0.9689,
0.9667, 0.9651, 0.9620/27, 0.9536/41 and 0.9500. USDCAD: Higher
Resistance:Initial: 0.9934, 0.9969, 1.0030, 1.0132/42, 1.0233,
1.0262/71, 1.0337, 1.0417, 1.0481/90, 1.0500 and 1.0506.Above:
1.0646/56, 1.0669, 1.0742, 1.0756, 1.0785, 1.0853, 1.0868, 1.1000
and 1.1101/23. Support: Initial: 0.9891, 0.9828/77, 0.9763/96,
0.9734/39, 0.9724, 0.9686, 0.96450, 0.9567, 0.9526 and
0.9496.Below: 0.9448/56, 0.9422, 0.9405/09, 0.9056 and 0.9000.
NZDUSD: Lower Resistance:Initial: 0.8240, 0.8269/78, 0.8327/39,
0.8365/86, 0.8423 and 0.8469/72.Above: 0.8500, 0.8534/75, 0.8676,
0.8764, 0.8793 and 0.8841. Support: Initial: 0.8150/90, 0.8126/40,
0.8109/19, 0.8066/93, 0.7955/94, 0.7888, 0.7855/59, 0.7795, 0.7741,
0.7605/72, 0.7549, 0.7523, 0.7504 and 0.7500.Below: 0.7453/67,
0.7426, 0.7404, 0.7342, 0.7321, 0.7189, 0.7115, 0.7000 and
0.6945/62.

Weekly Forex Market Forecast (November 21st - November 25th 2011)

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 November 21st - 25th,
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, November
21st 3:00pm USD Existing Home Sales (4.82M) Tuesday, November 22nd
2:00am NZD Inflation Expectations (last 2.9%) 9:30am GBP Public
Sector Net Borrowing (4.3B) 1:30pm CAD Core Retail Sales (0.4%)
1:30pm USD Preliminary GDP (2.5%) 7:00pm USD FOMC Meeting Minutes
Wednesday, November 23rd All Day JPY Bank Holiday 2:30am CNY HSBC
Flash Manufacturing PMI (last 51.0) 9:30am GBP MPC Meeting Minutes
(0-0-9) 1:30pm USD Core Durable Goods Orders (0.1%) 1:30pm USD
Weekly Initial Jobless Claims (387K) Thursday, November 24th 9:00am
EUR German Ifo Business Climate (105.5) 9:30am GBP Revised GDP
(0.5%) All Day USD Bank Holiday Friday, November 25th No notable
economic data releases or events scheduled. Technical Forecast and
Levels to Watch for the Majors This Week EURUSD: Higher
Resistance:Initial: 1.3557, 1.3614, 1.3795/98, 1.3813/27,
1.3854/58, 1.3868 and 1.3973.Above: 1.4246, 1.4258, 1.4279, 1.4327
and 1.4499/1.4503. Support:Initial: 1.3495, 1.3483, 1.3450, 1.3437,
1.3422, 1.3360, 1.3333 and 1.3241/44.Below: 1.3145, 1.3055,
1.3000 and 1.2968. USDJPY: Mildly lower Resistance:Initial: 77.00,
77.25/89, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and
80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77.
Support:Initial: 76.57, 76.41, 76.10, 75.94, 75.70, 75.65 and
75.56.Below: 75.00 and 70.00 likely. GBPUSD: Higher
Resistance:Initial: 1.5868/90, 1.5912/19, 1.5932, 1.5945, 1.5977,
1.6000, 1.6093 and 1.6130/65.Above: 1.6206, 1.6259, 1.6332/47,
1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5745, 1.5691,
1.5630/85, 1.5525/31, 1.5483, 1.5422, 1.5373, 1.5339/55 and
1.5326.Below: 1.5293, 1.5270, 1.5123 and 1.5000. AUDUSD: Higher
Resistance:Initial: 1.0052, 1.0100/16, 1.0184, 1.0201/29 and
1.0303/70.Above: 1.0444/98, 1.0608, 1.0654 and 1.0718/84.
Support:Initial: 1.0000, 0.9983, 0.9964, 0.9925, 0.9863, 0.9732,
0.9689, 0.9667 and 0.9651.Below: 0.9620/27, 0.9536/41 and 0.9500.
USDCAD: Lower Resistance:Initial: 1.0302, 1.0337, 1.0417,
1.0481/90, 1.0500, 1.0506, 1.0646/56 and 1.0669.Above: 1.0742,
1.0756, 1.0785, 1.0853, 1.0868, 1.1000 and 1.1101/23.
Support:Initial: 1.0262/87, 1.0210/33, 1.0172/99, 1.0132/42,
1.0105, 1.0075, 1.0053 and 1.0026/30.Below: 0.9969, 0.9934, 0.9891,
0.9828/77, 0.9763/96, 0.9734/39, 0.9724, 0.9686 and 0.9645. NZDUSD:
Higher Resistance:Initial: 0.7605/72, 0.7723/41, 0.7795, 0.7804,
0.7855/59 and 0.7881/88Above: 0.7955/96, 0.8066/93, 0.8109/90 and
0.8240. Support:Initial: 0.7549/52, 0.7523, 0.7504, 0.7500,
0.7453/67, 0.7426 and 0.7404.Below: 0.7342, 0.7321, 0.7189, 0.7115,
0.7000 and 0.6945/62.

Weekly Forex Market Followup (October 10th - October 15th 2011)

Key Fundamental Forex Events for the Week of October 10th
through October 14th The following table lists the key economic
data and other events that came out during the week of October 10th
through the 14th, 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, October 10th 11:30am AUD ANZ Job Advertisements
-2.1% versus last -0.6%. The AUD rose. Tuesday, October 11th 6:30pm
EUR ECB President Trichet spoke. He said that, The high
interconnectedness in the EU financial system has led to a rapidly
rising risk of significant contagion. It threatens financial
stability in the EU as a whole and adversely impacts the real
economy in Europe and beyond. The EUR was steady. 7:30pm GBP
Manufacturing Production -0.3% versus -0.1% expected. The GBP fell.
11:15pm CAD Housing Starts 206K versus 187K expected. The CAD fell.
Wednesday, October 12th 11:30am AUD Home Loans 1.2% versus 1.1%
expected. The AUD rose. 7:30pm GBP Claimant Count Change 17.5K
versus 24.4K expected. The GBP rose. 5:00am USD FOMC Meeting
Minutes. They noted that, Some judged that large-scale asset
purchases and the resulting expansion of the Federal Reserve's
balance sheet would be more likely to raise inflation and inflation
expectations than to stimulate economic activity and argued that
such tools should be reserved for circumstances in which the risk
of deflation was elevated. The USD was mixed. Thursday, October
13th 1:30am AUD Employment Change 20.4K versus 10.1K expected.
1:30am AUD Unemployment Rate 5.2% versus 5.3% expected. The AUD
rose. 3:00 am CNY Trade Balance 14.5B versus 17.1B expected. 1:30pm
CAD Trade Balance -0.6B versus -0.9B expected. The CAD fell. 1:30pm
USD Trade Balance -45.6B versus -46.2B expected. 1:30pm USD Weekly
Initial Jobless Claims 404K versus 407K expected. The USD was
mixed. Friday, October 14th 3:00am CNY CPI 6.1%, as expected. Start
ALL First day of G20 Meetings. CommuniquÃ© awaited. 1:30pm USD Core
Retail Sales 0.6% versus 0.2% expected. 1:30pm USD Retail Sales
1.1% versus 0.5% expected. 2:55am USD Preliminary University of
Michigan Consumer Sentiment 57.5 versus 60.2 expected. The USD was
mixed. Saturday, October 15th End ALL Second day of G20 Meetings.
CommuniquÃ© expected. Technical Recap for the Majors This Week
EURUSD: Forecast: HigherActual: Higher from a 1.3388 open to a
1.3861 close. USDJPY: Forecast: Mildly HigherActual: Mildly higher
from a 76.79 open to a 77.28 close. GBPUSD: Forecast: HigherActual:
Higher from a 1.5557 open to a 1.5796 close. AUDUSD: Forecast:
HigherActual: Higher from a 0.9751 open to a 1.0293 close. USDCAD:
Forecast: LowerActual: Lower from a 1.0389 open to a 1.0144 close.
NZDUSD: Forecast: HigherActual: Higher from a 0.7675 open to a
0.8008 close.

Weekly Forex Market Followup (October 31st - November 4th 2011)

Key Fundamental Forex Events for the Week of October 31st
through November 4th The following table lists
the key economic data and other events that came out during the
week of October 30th through November 4th, 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, October 30th 10:45pm
NZD Building Consents -17.1% versus last 16.6%. The NZD fell.
Monday, October 31st 10:16am CHF Retail Sales -0.9% versus 2.3%
expected. The CHF fell. 1:30pm CAD GDP 0.3% versus 0.2% expected.
The CAD fell. 10:45pm NZD Labor Cost Index 0.5% versus 0.9%
expected. The NZD fell. Tuesday, November 1st 2:00am CNY
Manufacturing PMI 50.4 versus 51.9 expected. 4:30am AUD Cash Rate
4.50% versus 4.75% expected. 4:30am AUD RBA Rate Statement noted
that, The exchange rate has been very variable over the past few
months, but on the whole has remained at historically high levels.
Over the past year, the board has maintained a mildly restrictive
stance of monetary policy, in view of its concerns about inflation.
The AUD fell. 8:00am GBP Nationwide HPI 0.4% versus 0.1% expected.
10:30am GBP Manufacturing PMI 47.4 versus 50.0 expected. 10:30am
GBP Preliminary GDP 0.5% versus 0.4% expected. The GBP fell. 3:00pm
USD ISM Manufacturing PMI 47.4 versus 52.3 expected. The USD rose.
Wednesday, November 2nd 1:30am AUD Building Approvals -13.6% versus
-4.5% expected. The AUD rose mildly. 10:30am GBP Construction PMI
53.9 versus 50.2 expected. The GBP was unchanged. 1:15pm USD ADP
Non-Farm Employment Change 110K versus 103K expected. 5:30pm USD
Federal Funds Rate Decision 0.25%, as expected. 5:30pm USD FOMC
Statement noted that, The Committee continues to expect a moderate
pace of economic growth over coming quarters and consequently
anticipates that the unemployment rate will decline only gradually
toward levels that the Committee judges to be consistent with its
dual mandate. 7:15pm USD FOMC Press Conference noted that,
Nonetheless, recent indicators point to continuing weakness in
overall labor market conditions, and the unemployment rate remains
elevated. The USD mostly fell. 10:45pm NZD Employment Change 0.2%
versus 0.6% expected. 10:45pm NZD Unemployment Rate 6.6% versus
6.4%, good for NZD fell. Thursday, November 3rd 1:30am AUD Retail
Sales 0.4% versus 0.5% expected. The AUD rose. 10:30am GBP Services
PMI 51.3 versus 51.9 expected. The GBP rose. 1:30pm USD Weekly
Initial Jobless Claims 397K versus 402K. 1:45pm EUR Minimum Bid
Rate 1.25% versus 1.50% expected. 2:30pm EUR ECB Press Conference
noted that, Based on its regular economic and monetary analyses,
the Governing Council decided to reduce the key ECB interest rates
by 25 basis points. While inflation has remained elevated and is
likely to stay above 2% for some months to come, inflation rates
are expected to decline further in the course of 2012 to below 2%.
At the same time, the underlying pace of monetary expansion
continues to be moderate. The EUR rose. 3:00pm USD ISM
Non-Manufacturing PMI 52.9 versus 53.9 expected. The USD fell.
Friday, November 4th 1:30am AUD RBA Monetary Policy Statement noted
that, These fiscal issues, together with the ongoing consolidation
of private-sector balance sheets following the financial crisis,
mean that the outlook for growth in many advanced economies remains
subdued. The AUD fell. 12:00pm CAD Employment Change -54.0K versus
20.3K expected. 12:00pm CAD Unemployment Rate 7.3% versus 7.2%
expected. 1:30pm CAD Building Permits -4.9% versus 2.7% expected.
1:30pm USD Non-Farm Employment Change 80K versus 98K expected.
1:30pm USD Unemployment Rate 9.0% versus 9.1%. The USD rose. 3:00pm
CAD Ivey PMI 54.4 versus 56.2 expected. The CAD fell. Technical
Recap for the Majors This Week EURUSD: Forecast: LowerActual: Lower
from a 1.4134 open to a 1.3754 close. USDJPY: Forecast: Mildly
HigherActual: Higher from a 75.63 open to a 78.18 close. GBPUSD:
Forecast: LowerActual: Lower from a 1.6120 open to a 1.6020 close.
AUDUSD: Forecast: LowerActual: Lower from a 1.0699 open to a 1.0351
close. USDCAD: Forecast: HigherActual: Higher from a 0.9915 open to
a 1.0182 close. NZDUSD: Forecast: LowerActual: Lower from a 0.8196
open to a 0.7910 close.

Weekly Forex Market Forecast (October 17th - October 21st 2011)

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 October 17th - 21st,
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, October
17th 3:30pm CAD BOC Business Outlook Survey (favorable = good for
CAD) Tuesday, October 18th 1:30am AUD Monetary Policy Meeting
Minutes (hawkish = good for AUD) 3:00am CNY GDP (9.3%) 9:30am GBP
CPI (4.9%, good for GBP) 10:00am EUR German ZEW Economic Sentiment
(-44.7, good for EUR) 1:30pm USD PPI (0.2%, good for USD) 2:00pm
USD TIC Long-Term Purchases ( 27.8B, good for USD) 6:15pm USD Fed
Chairman Bernanke speaks (hawkish = good for USD) Wednesday,
October 19th 9:30am GBP MPC Meeting Minutes (vote 0-0-9, hawkish =
good for GBP) 1:30pm USD Building Permits (0.61M, good for USD)
1:30pm USD Core CPI (0.2%, good for USD) Thursday, October 20th
9:30am GBP Retail Sales (0.1%, good for GBP) 1:30pm USD Weekly
Initial Jobless Claims (405K, good for USD) 3:00pm USD Existing
Home Sales (4.94M, good for USD) 3:00pm USD Philly Fed
Manufacturing Index (-9.0, good for USD) Friday, October 21st
9:00am EUR German Ifo Business Climate (106.3, good for EUR) 9:30am
GBP Public Sector Net Borrowing (11.9B, good for GBP) 12:00pm CAD
Core CPI (0.2%, good for CAD) Technical Forecast and Levels to
Watch for the Majors This Week EURUSD: Lower Resistance: Initial:
1.3893, 1.3936, 1.3972, 1.4103, 1.4147, 1.4258 and 1.4279.Above:
1.4327, 1.4499/1.4503, 1.4548/74, 1.4695 and 1.4939. Support:
Initial: 1.3832, 1.3796, 1.3720/43, 1.3684/97,1.3565, 1.3520/24,
1.3450 and 1.3360.Below: 1.3333, 1.3241/44, 1.3145, 1.3055, 1.3000,
1.2968, 1.2873, 1.2733, 1.2643 and 1.2586. USDJPY: Mildly Lower
Resistance: Initial: 77.19/47, 77.71, 77.85, 78.02, 78.66, 79.05,
79.40 and 80.00.Above: 80.22, 80.82, 81.34, 81.76, 82.01/22, 82.77,
83.09 and 83.77. Support: Initial: 77.04, 76.90, 76.50/69,
76.30/32, 76.25, 76.14, 76.10 and 75.94.Below: 75.00 and 70.00
likely. GBPUSD: Lower Resistance: Initial: 1.5839/67, 1.5883,
1.5912/19, 1.5951, 1.6000, 1.6037, 1.6081 and 1.6130.Above:
1.6204/06, 1.6252/59, 1.6332/47, 1.6434/52 and 1.6500/98. Support:
Initial: 1.5632/85, 1.5525/31, 1.5483, 1.5422, 1.5373, 1.5339/55,
1.5326, 1.5293, 1.5270 and 1.5123.Below: 1.5000, 1.4947, 1.4872,
1.4785/97, 1.4500, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher
Resistance:Initial: 1.0341/60, 1.0373/96, 1.0473, 1.0481, 1.0511,
1.0564/70, 1.0599, 1.0624, 1.0633, 1.0659 and 1.0683/93.Above:
1.0718/26, 1.0763, 1.0784, 1.0909, 1.1000/15, and 1.1064/79.
Support: Initial: 1.0229, 1.0100, 1.0012, 0.9863, 0.9732, 0.9689,
0.9667, 0.9651, 0.9620/27, 0.9536/41 and 0.9500.Below: 0.9462,
0.9386, 0.9330, 0.9220, 0.9077, 0.9000, 0.8870, 0.8858, 0.8632,
0.8550 and 0.8066/81. USDCAD: Lower Resistance:Initial: 1.0132,
1.0233, 1.0271, 1.0337, 1.0417, 1.0481/90, 1.0500, 1.0506,
1.0646/56, and 1.0669.Above: 1.0742, 1.0756, 1.0785, 1.0853,
1.0868, 1.1000, and 1.1101/23. Support: Initial: 0.9939/1.0030,
0.9828/77, 0.9763/96, 0.9734/39, 0.9724, 0.9686 and 0.9645.Below:
0.9567, 0.9526, 0.9496, 0.9448/56, 0.9422, 0.9405/09, 0.9056 and
0.9000. NZDUSD: Higher Resistance:Initial: 0.8000/93, 0.8109/19,
0.8126/40, 0.8150/90, 0.8269/78, 0.8327/39, 0.8365/86, 0.8423 and
0.8469/72.Above: 0.8500, 0.8534/75, 0.8676, 0.8764, 0.8793 and
0.8841. Support: Initial: 0.7955/94, 0.7888, 0.7855, 0.7795,
0.7741, 0.7605/72, 0.7549, 0.7523, 0.7504, 0.7500, 0.7453/67,
0.7426, 0.7404, Below: 0.7342, 0.7321, 0.7189, 0.7115, 0.7000 and
0.6945/62.

Weekly Forex Market Followup (November 21st - November 25th 2011)

Key Fundamental Forex Events for the Week of November 21st
through November 25th The following table
lists the key economic data and other events that came out during
the week of November 21st through the 25th, 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, November 21st 3:00pm
USD Existing Home Sales 4.97M versus 4.82M expected. The USD rose.
Tuesday, November 22nd 2:00am NZD Inflation Expectations 2.8%
versus last 2.9%. The NZD rose slightly. 9:30am GBP Public Sector
Net Borrowing 3.4B versus 4.3B expected. The GBP rose slightly.
1:30pm CAD Core Retail Sales 0.5% versus 0.4% expected. The CAD
fell. 1:30pm USD Preliminary GDP 2.0% versus 2.5% expected. 7:00pm
USD FOMC Meeting Minutes noted that, in setting the stance of
monetary policy, participants consider not only what appears to be
the most likely economic outcome as embodied in their projections,
but also the range of alternative possibilities, the likelihood of
their occurring, and the potential costs to the economy should they
occur. The USD was mixed. Wednesday, November 23rd All Day JPY Bank
Holiday 2:30am CNY HSBC Flash Manufacturing PMI 48.0 versus last
51.0. 9:30am GBP MPC Meeting Minutes noted that, Some members noted
that the balance of risks to inflation in the November Inflation
Report projections meant that a further expansion of the asset
purchase programme might well become warranted in due course;
anticipation of that might itself have an effect on asset prices
and demand. Some other members judged that the risks to inflation
around the target were more balanced. The rate vote was 0-0-9, as
expected. The GBP fell. 1:30pm USD Core Durable Goods Orders 0.7%
versus 0.1% expected. 1:30pm USD Weekly Initial Jobless Claims 393K
versus 387K expected. The USD rose. Thursday, November 24th 9:00am
EUR German Ifo Business Climate 106.6 versus 105.5 expected. The
EUR fell slightly. 9:30am GBP Revised GDP 0.5%, as expected. The
GBP fell. All Day USD Bank Holiday Friday, November 25th No notable
economic data releases or events scheduled. Technical Recap for the
Majors This Week EURUSD: Forecast: HigherActual: Lower from a
1.3524 open to a 1.3279 close. USDJPY: Forecast: Mildly
LowerActual: Mildly higher from a 76.89 open to a 77.60 close.
GBPUSD: Forecast: HigherActual: Lower from a 1.5793 open to a
1.5499 close. AUDUSD: Forecast: HigherActual: Lower from a
0.9997 open to a 0.9765 close. USDCAD: Forecast: LowerActual:
Higher from a 1.0273 open to a 1.0447 close. NZDUSD:
Forecast: HigherActual: Lower from a 0.7563 open to a 0.7437 close.

Weekly Forex Market Followup (December 5th - December 9th 2011)

Key Fundamental Forex Events for the Week of December 5th
through December 9th The following table lists the key economic
data and other events that came out during the week of December 5th
through December 9th, 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 5th 12:30am AUD ANZ Job Advertisements
0.0% versus last -0.7%. The AUD rose. 9:30am GBP Services PMI 52.1
versus 50.6 expected. The GBP rose. 3:00pm USD ISM
Non-Manufacturing PMI 52.0 versus 53.6 expected. The USD mostly
fell. Tuesday, December 6th 3:30am AUD Cash Rate 4.25%, as
expected. 3:30am AUD RBA Rate Statement. Governor Glenn Stevens
noted that, "The sovereign credit and banking problems in Europe,
to which European governments are still seeking to craft a full
response, are likely to weigh on economic activity there over the
period ahead. Financial markets have experienced considerable
turbulence, and financing conditions have become much more
difficult, especially in Europe. The AUD fell. 8:00am CHF Foreign
Currency Reserves 229.3B versus last 242.7B. 8:00am GBP Halifax HPI
-0.9% versus last 1.2%. The GBP fell. 8:15am CHF CPI -0.2% versus
0.1% expected. The CHF fell. 1:30pm CAD Building Permits 11.9%
versus 3.2% expected. 2:00pm CAD BOC Rate Statement noted that, "In
Canada, the economic expansion is proceeding largely as projected,
although the expected rotation of demand is somewhat slower than
had been anticipated. Household spending remains solid and business
investment robust. Net exports remain weak, reflecting modest U.S.
demand and ongoing competitiveness challenges, particularly the
persistent strength of the Canadian dollar. Despite increased
global risk aversion, financial conditions in Canada remain very
stimulative and private credit growth is strong." 2:00pm CAD
Overnight Rate 1.00%, as expected. 3:00pm CAD Ivey PMI 59.9 versus
55.1 expected. The CAD rose. Wednesday, December 7th 12:30am AUD
GDP 1.0% versus 1.2% expected. The AUD rose. 9:30am GBP
Manufacturing Production -0.7% versus -0.1% expected. The GBP rose.
8:00pm NZD Official Cash Rate 2.50%, as expected. 8:00pm NZD RBNZ
Press Conference. Deputy Governor Grant Spencer said that, "Covered
bonds can provide banks with access to a stable funding source,
which helps support system stability during times of severe
disruption in international markets." 8:00pm NZD RBNZ Rate
Statement. Governor Alan Bollard noted that, Global developments
are having some negative impact on New Zealand, though to date it
has been limited. Business confidence has declined and investment
spending is likely to remain weak for some time." The NZD was
unchanged. Thursday, December 8th 12:30am AUD Employment Change
-6.3K versus 10.6K expected. 12:30am AUD Unemployment Rate 5.3%
versus 5.2% expected. The AUD fell. 12:00pm GBP Asset Purchase
Facility 275B, as expected. 12:00pm GBP Official Bank Rate 0.50%,
as expected. The GBP fell. 12:45pm EUR Minimum Bid Rate 1.00%, as
expected. 1:15pm CAD Housing Starts 181K versus 203K expected. The
CAD fell. 1:30pm EUR ECB Press Conference. President Mario Draghi
stated that, "The intensified financial market tensions are
continuing to dampen economic activity in the euro area and the
outlook remains subject to high uncertainty and substantial
downside risks. In such an environment, cost, wage and price
pressures in the euro area should remain modest over the
policy-relevant horizon." The EUR fell. 1:30pm USD Weekly Initial
Jobless Claims 381K versus 397K expected. The USD rose overall.
Friday, December 9th 1:30am CNY CPI 4.2% versus 4.6% expected. All
Day EUR EU Economic Summit. German Chancellor Merkel stated that,
"This is a breakthrough to a union of stability. The fiscal union
will be developed step by step. We will use the crisis as a chance
for a new beginning." The EUR rose. 9:30am GBP PPI Input 0.1%
versus 0.3% expected. The GBP rose slightly. 1:30pm CAD Trade
Balance -0.9B versus 0.8B expected. The CAD rose slightly. 1:30pm
USD Trade Balance -43.5B, as expected. 2:55pm USD Preliminary
University of Michigan Consumer Sentiment 67.7 versus 65.6
expected. The USD fell. Technical Recap for the Majors This Week
EURUSD: Forecast: Mildly LowerActual: Mildly lower from a
1.3422 open to a 1.3352 close. USDJPY: Forecast: Mildly
HigherActual: Mildly lower from a 78.03 open to a 77.65 close.
GBPUSD: Forecast: Mildly LowerActual: Mildly lower from a
1.5624 open to a 1.5623 close. AUDUSD: Forecast: Mildly
LowerActual: Mildly lower from a 1.0252 open to a 1.0172 close.
USDCAD: Forecast: Mildly HigherActual: Mildly higher from a
1.0165 open to a 1.0222 close. NZDUSD: Forecast: Mildly
LowerActual: Mildly lower from a 0.7809 open to a 0.7720
close.

Weekly Forex Market Followup (December 12th - December 16th 2011)

Key Fundamental Forex Events for the Week of December 12th
through December 16th The following table lists the key economic
data and other events that came out during the week of December
12th through December 16th, 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 12th 12:30am AUD Home
Loans 0.7% versus 0.1% expected. 12:30am AUD Trade Balance 1.60B
versus 2.03B expected. The AUD fell. 1:00pm GBP BOE Governor King
said in a speech to the Stanford Institute for Economic Policy
Research that, "central to any solution is a problem that has not
been resolved since the Bretton Woods conference of 1944. Namely,
the asymmetric pressure on, and responsibility of deficit and
surplus countries to adjust their spending patterns." The GBP fell.
Tuesday, December 13th 9:30am GBP CPI 4.8%, as expected. The GBP
fell. 10:00am EUR German ZEW Economic Sentiment -53.8 versus -55.7
expected. The EUR fell. 1:30pm USD Core Retail Sales 0.2% versus
0.5% expected. 1:30pm USD Retail Sales 0.2% versus 0.6% expected.
7:15pm USD FOMC Statement noted that, "Strains in global financial
markets continue to pose significant downside risks to the economic
outlook. The Committee also anticipates that inflation will settle,
over coming quarters, at levels at or below those consistent with
the Committees dual mandate." The USD rose overall. Wednesday,
December 14th 9:30am GBP Claimant Count Change 3.0K versus 17.30-K
expected. The GBP fell slightly. Thursday, December 15th 2:30am CNY
HSBC Flash Manufacturing PMI 49.0 versus 47.7 expected. 8:30am CHF
Libor Rate 0.25%, as expected. 8:30am CHF SNB Monetary Policy
Assessment noted that, "The Swiss National Bank (SNB) will continue
to enforce the minimum exchange rate of CHF 1.20 per euro with the
utmost determination. It is prepared to buy foreign currency in
unlimited quantities." 8:30am CHF SNB Press Conference. Philipp
Hildebrand, SNB Chairman, stated that, We expect no continuous
decline in price levels The floor has quite clearly reduced the
threat of deflationary developments. The CHF rose. 9:30am GBP
Retail Sales -0.4% versus -0.2% expected. The GBP rose. 1:30pm USD
PPI 0.3% versus 0.3% expected. 1:30pm USD Weekly Initial Jobless
Claims 366K versus 389K expected.. 2:00pm USD TIC Long-Term
Purchases 4.8B versus 53.4B expected. 3:00pm USD Philly Fed
Manufacturing Index 10.3 versus 5.1 expected. The USD fell overall.
Friday, December 16th 1:30pm USD Core CPI 0.2%, as expected. The
USD fell overall. Technical Recap for the Majors This Week EURUSD:
Forecast: Mildly HigherActual: Lower from a 1.3380 open to a 1.2945
close. USDJPY: Forecast: Mildly LowerActual: Virtually unchanged
from a 77.60 open to a 77.62 close. GBPUSD: Forecast: Mildly
HigherActual: Lower from a 1.5639 open to a 1.5519 close. AUDUSD:
Forecast: LowerActual: Mildly lower from a 1.0194 open to a 0.9988
close. USDCAD: Forecast: LowerActual: Higher from a 1.0200 open to
a 1.0366 close. NZDUSD: Forecast: HigherActual: Mildly lower from a
0.7735 open to a 0.7635 close.

Weekly Forex Market Followup (December 19 - December 23rd 2011)

Key Fundamental Forex Events for the Week of December 19th
through December 23rd The following table lists the key economic
data and other events that came out during the week of December
19th through December 23rd, 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 19th 12:00am NZD NBNZ
Business Confidence 16.9 versus last 18.3 expected. The NZD fell.
3:30pm EUR ECB President Draghi said that, "We have decided on
three-year refinancing operations to support the supply of credit
to the euro area economy. These measures address the risk that
persistent financial markets tensions could affect the capacity of
euro area banks to obtain refinancing over longer horizons." The
EUR fell. Tuesday, December 20th 12:30am AUD Monetary Policy
Meeting Minutes noted that, "The strains in European interbank
markets also intensified in November, with an increasing number of
banks effectively shut off from new funding and having to rely
instead on the European Central Bank (ECB). Some banks also
appeared to be running short of the collateral necessary to obtain
funding from the ECB and were undertaking collateral swaps with
non-bank institutions or turning to their national central bank."
The AUD rose. 9:00am EUR German Ifo Business Climate 107.2 versus
106.2 expected. The EUR rose. 12:00pm CAD Core CPI 0.1% versus 0.2%
expected. The CAD rose. 1:30pm USD Building Permits 0.68M versus
0.63M expected. The USD fell overall. 9:45pm NZD Current Account
-4.60B versus last -0.92B expected. The NZD rose. Wednesday,
December 21st 3:16am JPY Monetary Policy Statement noted that,
"Improvement in business sentiment has slowed on the whole despite
steady improvement in domestic demand-oriented sectors. Meanwhile,
although global financial markets remain under heavy strain,
financial conditions in Japan have continued to ease." 3:16am JPY
Overnight Call Rate Decision 0.10%, as expected. 7:11am JPY BOJ
Press Conference noted that, "A delay in dealing with Europe's
crisis may have a severe impact on the global economy. We must
prevent this from happening at all cost." The JPY fell. 9:30am GBP
MPC Meeting Minutes. The MPC voted 0-0-9, as expected. They also
noted that, "There had been modest upside news on the near-term
prospects for the United States but a further deterioration in
euro-area indicators and continued slowing in emerging market
economies." 9:30am GBP Public Sector Net Borrowing 15.2B versus
13.5B expected. The GBP rose slightly. 1:30pm CAD Core Retail Sales
0.7% versus 0.4% expected. The CAD rose. 3:00pm USD Existing Home
Sales 4.42M versus 5.04M expected. The USD fell overall. 9:45pm NZD
GDP 0.8% versus last 0.1% expected. The NZD rose. Thursday,
December 22nd 9:30am GBP Current Account -15.2B versus -5.2B
expected. The GBP rose slightly. 1:30pm USD Weekly Initial Jobless
Claims 364K versus 376K expected. The USD fell overall. 4:00pm EUR
ECB President Draghi failed to show at a key press conference. The
EUR was unchanged. Friday, December 23rd All Day JPY Bank Holiday
1:30pm CAD GDP 0.0% versus 0.1% expected. The CAD rose. 1:30pm USD
Core Durable Goods Orders 0.3% versus 0.5% expected. 3:00pm USD New
Home Sales 315K versus 314K expected. The USD was mixed. Technical
Recap for the Majors This Week EURUSD: Forecast: Mildly
HigherActual: Mildly higher from a 1.3033 open to a 1.3036 close.
USDJPY: Forecast: Mildly LowerActual: Mildly higher from a 77.77
open to a 78.12 close. GBPUSD: Forecast: Mildly HigherActual:
Mildly higher from a 1.5524 open to a 1.5624 close. AUDUSD:
Forecast: Mildly HigherActual: Higher from a 0.9967 open to a
1.0150 close. USDCAD: Forecast: Mildly LowerActual: Lower from a
1.0389 open to a 1.0193 close. NZDUSD: Forecast: Mildly
HigherActual: Higher from a 0.7620 open to a 0.7737 close.

Weekly Forex Market Forecast (November 7th - November 11th 2011)

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 November 7th - 11th,
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, November
7th 12:30am AUD ANZ Job Advertisements (last -2.1%, good for AUD)
8:00am GBP Halifax HPI (0.1%, good for GBP) Tuesday, November 8th
12:30am AUD Trade Balance (3.04B, good for AUD) 9:30am GBP
Manufacturing Production (0.2%, good for GBP) 1:15pm CAD Housing
Starts (201K, good for CAD) 1:30pm CHF SNB Chairman Hildebrand
speaks (hawkish = good for CHF) Wednesday, November 9th 12:30am AUD
Home Loans (1.7%, good for AUD) 2:00am CNY CPI (5.4%) 2:30pm USD
Fed Chairman Bernanke speaks (hawkish = good for USD) 8:00pm NZD
RBNZ Financial Stability Report (hawkish = good for NZD) Thursday,
November 10th 12:30am AUD Employment Change (10.3K, good for AUD)
12:30am AUD Unemployment Rate (5.3%, good for AUD) Tentative CNY
Trade Balance (26.3B) 12:00pm GBP Asset Purchase Facility (275B,
good for GBP) 12:00pm GBP Official Bank Rate (0.50%, good for GBP)
Tentative GBP MPC Rate Statement (hawkish = good for GBP) 1:30pm
CAD Trade Balance (-0.5B, good for CAD) 1:30pm USD Trade Balance
(-46.1B, good for USD) 1:30pm USD Unemployment Claims (402K, good
for USD) Friday, November 11th All Day EUR French Bank Holiday
9:30am GBP PPI Input (0.0%, good for GBP) All Day CAD Bank Holiday
All Day USD Bank Holiday 2:55pm USD Preliminary University of
Michigan Consumer Sentiment (61.1, good for USD) Technical Forecast
and Levels to Watch for the Majors This Week EURUSD: Mildly higher
Resistance: Initial: 1.3798, 1.3827, 1.3854, 1.3868, 1.3973,
1.4246, 1.4258 and 1.4279.Above: 1.4327, 1.4499/1.4503, 1.4548/74,
1.4695 and 1.4939. Support: Initial: 1.3720/43, 1.3710, 1.3652/97,
1.3607, 1.3565 and 1.3520/24.Below: 1.3450, 1.3360, 1.3333,
1.3241/44, 1.3145, 1.3055, 1.3000 and 1.2968. USDJPY: Mildly lower
Resistance: Initial: 78.66, 79.05, 79.40, 79.52 and 80.00.Above:
80.22, 80.82, 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77.
Support: Initial: 77.25/89, 76.41, 76.10, 75.94, 75.70, 75.65 and
75.56.Below: 75.00 and 70.00 likely. GBPUSD: Higher Resistance:
Initial: 1.6040, 1.6059/62, 1.6130/64, 1.6204/06, 1.6252/59 and
1.6332/47.Above: 1.6434/73, 1.6500/98 and 1.6616. Support: Initial:
1.6000, 1.5977, 1.5945, 1.5912/19, 1.5839/89, 1.5630/85 and
1.5525/31Below: 1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293,
1.5270, 1.5123 and 1.5000. AUDUSD: Mildly higher
Resistance:Initial: 1.0444/98, 1.0608, 1.0654, 1.0718/26, 1.0730,
1.0751, 1.0763 and 1.0784.Above: 1.0909, 1.1000, 1.1015, 1.1064 and
1.1079. Support: Initial: 1.0313/70, 1.0229, 1.0201, 1.0116,
1.0100, 1.0012, 1.0000, 0.9983, 0.9925 and 0.9863.Below: 0.9732,
0.9689, 0.9667, 0.9651, 0.9620/27, 0.9536/41 and 0.9500. USDCAD:
Mildly lower Resistance:Initial: 1.0132/42, 1.0210/33, 1.0262/71,
1.0337, 1.0417, 1.0481/90, 1.0500 and 1.0506.Above: 1.0646/56,
1.0669, 1.0742, 1.0756, 1.0785, 1.0853, 1.0868, 1.1000 and
1.1101/23. Support: Initial: 1.0105, 1.0053, 1.0026/30, 0.9969,
0.9934, 0.9891, 0.9828/77, 0.9763/96, 0.9734/39, 0.9724, 0.9686 and
0.9645.Below: 0.9567, 0.9526, 0.9496, 0.9448/56, 0.9422, 0.9405/09,
0.9056 and 0.9000. NZDUSD: Mildly higher Resistance:Initial:
0.7955/94, 0.8066/93, 0.8109/90, 0.8240, 0.8269/78, 0.8327/39,
0.8365/86, 0.8423 and 0.8469/72.Above: 0.8500, 0.8534/75, 0.8676,
0.8764, 0.8793 and 0.8841. Support: Initial: 0.7881/88, 0.7855/59,
0.7804, 0.7795, 0.7741, 0.7605/72, 0.7549, 0.7523, 0.7504 and
0.7500.Below: 0.7453/67, 0.7426, 0.7404, 0.7342, 0.7321, 0.7189,
0.7115, 0.7000 and 0.6945/62.

Weekly Forex Market Followup (October 17th - October 21st 2011)

Weekly Forex Market Forecast (October 17th - October 21st 2011)

Weekly Forex Market Forecast (November 21st - November 25th 2011)

Weekly Forex Market Followup (December 5th - December 9th 2011)

Weekly Forex Market Followup (December 12th - December 16th 2011)

Weekly Forex Market Forecast (November 28th - December 2nd 2011)

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 November 28th December
2nd, 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, November
28th 12:00am NZD NBNZ Business Confidence (last 13.2, good for NZD)
3:00pm GBP Inflation Report Hearings (hawkish = good for GBP)
3:00pm USD New Home Sales (313K, good for USD) Tuesday, November
29th 7:00am GBP Nationwide HPI (-0.1%, good for GBP) 3:00pm USD CB
Consumer Confidence (43.8, good for USD) 9:45pm NZD Building
Consents (last -17.1%, good for NZD) Wednesday, November 30th
12:30am AUD Private Capital Expenditure (8.2%, good for AUD)
10:30am CHF KOF Economic Barometer (0.66, good for CHF) 1:15pm USD
ADP Non-Farm Employment Change (131K, good for USD) 1:30pm CAD GDP
(0.2%, good for CAD) 3:00pm USD Pending Home Sales (1.3%, good for
USD) Thursday, December 1st 12:30am AUD Building Approvals (3.6%,
good for AUD) 12:30am AUD Retail Sales (0.4%, good for AUD) 1:00am
CNY Manufacturing PMI (49.8) 1st-7th GBP Halifax HPI (1.2%, good
for GBP) 9:30am GBP Manufacturing PMI (47.2, good for GBP) 1:30pm
USD Weekly Initial Jobless Claims (390K, good for USD) 3:00pm USD
ISM Manufacturing PMI (51.6, good for USD) Friday, December 2nd
8:15am CHF Retail Sales (1.2%, good for CHF) 9:30am GBP
Construction PMI (52.2, good for GBP) 12:00pm CAD Employment Change
(17.2K, good for CAD) 12:00pm CAD Unemployment Rate (7.3%, good for
CAD) 1:30pm USD Non-Farm Payrolls (119K, good for USD) 1:30pm USD
Unemployment Rate (9.0%, good for USD) Technical Forecast and
Levels to Watch for the Majors This Week EURUSD: Mildly Lower
Resistance:Initial: 1.3241/44, 1.3333 1.3360, 1.3411/83, 1.3495,
1.3557/68 and 1.3614Above: 1.3795/98, 1.3813/27, 1.3854/58, 1.3868
and 1.3973. Support:Initial: 1.3211, 1.3145, 1.3055 and
1.3000.Below: 1.2968, 1.2917, 1.2873, 1.2643 and 1.2586.
USDJPY: Mildly Higher Resistance:Initial: 77.78/89, 78.66, 79.05,
79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76,
82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.48, 77.00,
76.83, 76.57, 76.41, 76.10, 75.94, 75.70, 75.65 and 75.56.Below:
75.00 and 70.00 likely. GBPUSD: Mildly Lower Resistance:Initial:
1.5483, 1.5516/31, 1.5630/85, 1.5691, 1.5745, 1.5868/90, 1.5912/19,
1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206,
1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616.
Support:Initial: 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270,
1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and
1.4229. AUDUSD: Mildly lower Resistance:Initial: 0.9732,
0.9863, 0.9925/83, 1.0000, 1.0052, 1.0100/16, 1.0184, 1.0201/29 and
1.0303/70.Above: 1.0444/98, 1.0608, 1.0654 and 1.0718/84.
Support:Initial: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41,
0.9500 and 0.9486.Below: 0.9386, 0.9341, 0.9220, 0.9000, 0.8858 and
0.8577. USDCAD: Mildly Higher Resistance:Initial: 1.0500, 1.0506,
1.0522, 1.0646/56, 1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853,
1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0481, 1.0438,
1.0417, 1.0337, 1.0302, 1.0262/87, 1.0210/33, 1.0172/99, 1.0132/42,
1.0105 and 1.0026/75.Below: 0.9969, 0.9934, 0.9891, 0.9828/77,
0.9724/96, 0.9686 and 0.9645. NZDUSD: Mildly lower
Resistance:Initial: 0.7504, 0.7523, 0.7549/52, 0.7605/72,
0.7723/41, 0.7795, 0.7804, 0.7855/59 and 0.7881/88.Above:
0.7955/96, 0.8066/93, 0.8109/90 and 0.8240. Support:Initial:
0.7500, 0.7453/67, 0.7426, 0.7404, 0.7369, 0.7342 and 0.7321.Below:
0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560.

Weekly Forex Market Followup (October 24th - October 28th 2011)

Key Fundamental Forex Events for the Week of October 24th
through October 28th The following table lists the key
economic data and other events that came out during the week of
October 24th through the 28th, 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, October 23rd All Day EUR EU
Economic Summit noted that, We all have similar concerns in
relation to what might happen as a result of the creation of
further fiscal consolidation of the eurozone. This might involve a
new kind of ministry or commissioner to supervise eurozone issue
more centrally. The EUR rose. Monday, October 24th 1:30am AUD PPI
0.6%, as expected. The AUD rose. 3:30am CNY HSBC Flash
Manufacturing PMI 51.1, as expected. 10:45pm NZD CPI 0.4% versus
0.8% expected. The NZD rose. Tuesday, October 25th 9:30am GBP
Current Account -2.0B versus -9.9B expected. 9:45am GBP BOE
Governor King spoke. He said that, We need to use the existing
banking system and soon, we are giving advice to the treasury on
that. And of course the government does own two of the biggest
banks.The GBP was unchanged. 1:30pm CAD Core Retail Sales 0.4%, as
expected. 2:00pm CAD BOC Rate Statement noted that, The outlook for
the Canadian economy has weakened since July, with the
significantly less favourable external environment affecting Canada
through financial, confidence and trade channels. 2:00pm CAD
Overnight Rate 1.00%, as expected. The CAD fell. 3:00pm USD CB
Consumer Confidence 39.8 versus 46.2 expected. The USD was mixed.
Wednesday, October 26th All Day EUR EU Economic Summit noted that,
The world is watching Germany and Europe to see if we are ready and
able to take responsibility. If the euro fails, Europe fails. The
EUR was unchanged. 1:00am NZD NBNZ Business Confidence 13.2 versus
34.4 expected. The NZD rose. 1:30am AUD CPI 0.6% versus 0.7%
expected. The AUD fell. 1:30pm USD Core Durable Goods Orders 0.6%
versus 0.5% expected. 3:00pm USD New Home Sales 313K versus 302K
expected. The USD was mixed. 3:30pm CAD BOC Monetary Policy Report
noted that, The Bank now expects that the euro areawhere these
dynamics are most acutewill experience a brief recession. 4:15pm
CAD BOC Press Conference noted that, A lot of good things happen in
the shadow banking sector, but a lot of risk can come out of it
that has to be tackled, and that's what we're here to work on. The
CAD rose. 9:00pm NZD Official Cash Rate 2.50%, as expected. 9:00pm
NZD RBNZ Rate Statement noted that, Given the ongoing global
economic and financial risks, it remains prudent to continue to
keep the OCR on hold at 2.5 percent for now. However, if global
developments have only a mild impact on the New Zealand economy, it
is likely that gradually increasing pressure on domestic resources
will require future OCR increases. The NZD rose. Thursday, October
27th 4:31am JPY Monetary Policy Statement noted that, At the
Monetary Policy Meeting held today, the Policy Board of the Bank of
Japan decided, by an 8-1 majority vote, to enhance monetary easing
by increasing the total size of the Asset Purchase Program by about
5 trillion yen, from about 50 trillion yen to about 55 trillion
yen. 4:31am JPY Overnight Call Rate 0.10%, as expected. 7:16am JPY
BOJ Press Conference noted that, The economic situation has not
changed significantly since the August easing ... What has changed
is that Europe's situation has become more severe. The JPY rose.
1:30pm USD Advance GDP 2.5% versus 2.4% expected. 1:30pm USD Weekly
Initial Jobless Claims 402K versus 404K expected. 3:00pm USD
Pending Home Sales -4.6% versus 0.2% expected. The USD fell.
Friday, October 28th 10:30am CHF KOF Economic Barometer 0.80 versus
1.01 expected. The CHF fell. Technical Recap for the Majors This
Week EURUSD: Forecast: HigherActual: Higher from a 1.3840
open to a 1.4169 close. USDJPY: Forecast: Mildly LowerActual:
Mildly lower from a 76.47 open to a 75.77 close. GBPUSD:
Forecast: HigherActual: Higher from a 1.5931 open to a 1.6130
close. AUDUSD: Forecast: HigherActual: Higher from a 1.0331
open to a 1.0718 close. USDCAD: Forecast: LowerActual: Lower
from a 1.0090 open to a 0.9917 close. NZDUSD: Forecast:
HigherActual: Higher from a 0.8015 open to a 0.8206 close.

Weekly Forex Market Forecast (October 24th - October 28th 2011)

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 October 24th 28th, 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, October
23rd All Day EUR EU Economic Summit Monday, October 24th 1:30am AUD
PPI (0.6%, good for AUD) 3:30am CNY HSBC Flash Manufacturing PMI
(51.1) 10:45pm NZD CPI (0.8%, good for NZD) Tuesday, October 25th
9:30am GBP Current Account (-9.9B, good for GBP) 9:45am GBP BOE
Governor King speaks (hawkish = good for GBP) 1:30pm CAD Core
Retail Sales (0.4%, good for CAD) 2:00pm CAD BOC Rate Statement
(hawkish = good for CAD) 2:00pm CAD Overnight Rate (1.00%, good for
CAD) 3:00pm USD CB Consumer Confidence (46.2, good for USD)
Wednesday, October 26th 1:00am NZD NBNZ Business Confidence (last
34.4, good for NZD) 1:30am AUD CPI (0.7%, good for AUD) 1:30pm USD
Core Durable Goods Orders (0.5%, good for USD) 3:00pm USD New Home
Sales (302K, good for USD) 3:30pm CAD BOC Monetary Policy Report
(hawkish = good for CAD) 4:15pm CAD BOC Press Conference (hawkish =
good for CAD) 9:00pm NZD Official Cash Rate (2.50%, good for NZD)
9:00pm NZD RBNZ Rate Statement (hawkish = good for NZD) Thursday,
October 27th Tentative JPY Monetary Policy Statement (hawkish =
good for JPY) Tentative JPY Overnight Call Rate (0.10%, good for
JPY) Tentative JPY BOJ Press Conference (hawkish = good for JPY)
1:30pm USD Advance GDP (2.4%, good for USD) 1:30pm USD Weekly
Initial Jobless Claims (404K, good for USD) 3:00pm USD Pending Home
Sales (0.2%, good for USD) Friday, October 28th 10:30am CHF KOF
Economic Barometer (1.01, good for CHF) Technical Forecast and
Levels to Watch for the Majors This Week EURUSD: Higher Resistance:
Initial: 1.3893, 1.3913, 1.3936, 1.3972, 1.4103, 1.4147, 1.4258 and
1.4279.Above: 1.4327, 1.4499/1.4503, 1.4548/74, 1.4695 and 1.4939.
Support: Initial: 1.3796, 1.3720/43, 1.3652/97,1.3565, 1.3520/24,
1.3450 and 1.3360.Below: 1.3333, 1.3241/44, 1.3145, 1.3055, 1.3000,
1.2968, 1.2873, 1.2733, 1.2643 and 1.2586. USDJPY: Mildly Lower
Resistance: Initial: 76.52, 77.19/48, 77.71, 77.85, 78.02, 78.66,
79.05, 79.40 and 80.00.Above: 80.22, 80.82, 81.34, 81.76, 82.01/22,
82.77, 83.09 and 83.77. Support: Initial: 76.25, 76.14, 76.10,
75.94 and 75.80.Below: 75.00 and 70.00 likely. GBPUSD: Higher
Resistance: Initial: 1.5960, 1.6000, 1.6037, 1.608, 1.6109 and
1.6130.Above: 1.6204/06, 1.6252/59, 1.6332/47, 1.6434/73, 1.6500/98
and 1.6616. Support: Initial: 1.5912/19, 1.5883, 1.5839/67,
1.5630/85, 1.5525/31, 1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326,
1.5293, 1.5270 and 1.5123.Below: 1.5000, 1.4947, 1.4872, 1.4785/97,
1.4500, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher
Resistance:Initial: 1.0369/96, 1.0473, 1.0481, 1.0511, 1.0564/70,
1.0599, 1.0624, 1.0633, 1.0659 and 1.0683/93.Above: 1.0718/26,
1.0763, 1.0784, 1.0909, 1.1000/15, and 1.1064/79. Support: Initial:
1.0229, 1.0116, 1.0100, 1.0012, 0.9983, 0.9925, 0.9863, 0.9732,
0.9689, 0.9667, 0.9651, 0.9620/27, 0.9536/41 and 0.9500.Below:
0.9462, 0.9386, 0.9330, 0.9220, 0.9077, 0.9000, 0.8870, 0.8858,
0.8632, 0.8550 and 0.8066/81. USDCAD: Lower Resistance:Initial:
1.0132/42, 1.0233, 1.0262/71, 1.0337, 1.0417, 1.0481/90, 1.0500,
1.0506, 1.0646/56, and 1.0669.Above: 1.0742, 1.0756, 1.0785,
1.0853, 1.0868, 1.1000, and 1.1101/23. Support: Initial: 1.0042,
0.9939/1.0030, 0.9828/77, 0.9763/96, 0.9734/39, 0.9724, 0.9686 and
0.9645.Below: 0.9567, 0.9526, 0.9496, 0.9448/56, 0.9422, 0.9405/09,
0.9056 and 0.9000. NZDUSD: Higher Resistance:Initial: 0.8066/93,
0.8109/19, 0.8126/40, 0.8150/90, 0.8269/78, 0.8327/39, 0.8365/86,
0.8423 and 0.8469/72.Above: 0.8500, 0.8534/75, 0.8676, 0.8764,
0.8793 and 0.8841. Support: Initial: 0.7955/94, 0.7888, 0.7855/59,
0.7795, 0.7741, 0.7605/72, 0.7549, 0.7523, 0.7504, 0.7500,
0.7453/67, 0.7426 and 0.7404. Below: 0.7342, 0.7321, 0.7189,
0.7115, 0.7000 and 0.6945/62.

Weekly Forex Market Forecast (December 5th - December 9th 2011)

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 December 5th December
9th, 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, December
5th 12:30am AUD ANZ Job Advertisements (last -0.7%) 9:30am GBP
Services PMI (50.6) 3:00pm USD ISM Non-Manufacturing PMI (53.6)
Tuesday, December 6th 3:30am AUD Cash Rate (4.25%) 3:30am AUD RBA
Rate Statement 8:00am CHF Foreign Currency Reserves (last 242.7B)
6th-7th GBP Halifax HPI (last 1.2%) 8:15am CHF CPI (0.1%) 1:30pm
CAD Building Permits (3.2%) 2:00pm CAD BOC Rate Statement 2:00pm
CAD Overnight Rate (1.00%) 3:00pm CAD Ivey PMI (55.1) Wednesday,
December 7th 12:30am AUD GDP (1.2%) 9:30am GBP Manufacturing
Production (-0.1%) 8:00pm NZD Official Cash Rate (2.50%) 8:00pm NZD
RBNZ Press Conference 8:00pm NZD RBNZ Rate Statement Thursday,
December 8th 12:30am AUD Employment Change (10.6K) 12:30am AUD
Unemployment Rate (5.2%) 12:00pm GBP Asset Purchase Facility (275B)
12:00pm GBP Official Bank Rate (0.50%) Tentative GBP MPC Rate
Statement 12:45pm EUR Minimum Bid Rate (1.25%) 1:15pm CAD Housing
Starts (203K) 1:30pm EUR ECB Press Conference 1:30pm USD Weekly
Initial Jobless Claims (397K) Friday, December 9th 1:30am CNY CPI
(4.6%) All Day EUR EU Economic Summit 9:30am GBP PPI Input (0.3%)
1:30pm CAD Trade Balance (0.8B) 1:30pm USD Trade Balance (-43.5B)
2:55pm USD Preliminary University of Michigan Consumer Sentiment
(65.6) Technical Forecast and Levels to Watch for the Majors This
Week EURUSD: Lower Resistance:Initial: 1.3495, 1.3546/68, 1.3614,
1.3795/98 and 1.3813/27.Above: 1.3854/58, 1.3868, 1.3973, 1.4054,
1.4246 and 1.4548. Support:Initial: 1.3362, 1.3333, 1.3241/58,
1.3211, 1.3145, 1.3055 and 1.3000.Below: 1.2968, 1.2917,
1.2873, 1.2643 and 1.2586. USDJPY: Mildly Higher
Resistance:Initial: 78.28, 78.66, 79.05, 79.40, 79.52, 79.96,
80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09
and 83.77. Support:Initial: 77.78/89, 77.48, 77.29, 77.00, 76.83,
76.57, 76.41, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus
75.00 and 70.00 likely. GBPUSD: Lower Resistance:Initial:
1.5624/85, 1.5691, 1.5745, 1.5868/90, 1.5912/19, 1.5932, 1.5945 and
1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206, 1.6259, 1.6332/47,
1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5516/31,
1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123
and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and
1.4229. AUDUSD: Lower Resistance:Initial: 1.0229, 1.0303/70,
1.0444/98, 1.0608, 1.0654 and 1.0718/84.Above: 1.1010 and 1.1079.
Support:Initial: 1.0184, 1.0100/16, 1.0052, 1.0000, 0.9925/83,
0.9863 and 0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27,
0.9536/41, 0.9500, 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD:
Mildly Higher Resistance:Initial: 1.0221, 1.0262/87, 1.0302,
1.0337, 1.0417, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56,
1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853, 1.0868, 1.1000 and
1.1101/23. Support:Initial: 1.0172/99, 1.0132/42, 1.0105,
1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96,
0.9686 and 0.9645. NZDUSD: Lower Resistance:Initial: 0.7804,
0.7836, 0.7855/59 and 0.7881/88.Above: 0.7955/96, 0.8066/93,
0.8109/90 and 0.8240. Support:Initial: 0.7795, 0.7761, 0.7723/41,
0.7605/72, 0.7500/52, 0.7404/67, 0.7369, 0.7342 and 0.7321.Below:
0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560.

Weekly Forex Market Followup (November 28th - December 2nd 2011)

Key Fundamental Forex Events for the Week of November 28th
through December 2nd The following table lists the key economic
data and other events that came out during the week of November
28th through December 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, November 28th 12:00am NZD NBNZ Business
Confidence 18.3 versus last 13.2. The NZD rose. 3:00pm GBP
Inflation Report Hearings included testimony from BOE Governor King
that, I don't think it's as bad here as it is in the euro area
economy, where ... the deleveraging of euro area banks is leading
to early signs of a credit crunch, with concerns that it will get
worse. The GBP rose. 3:00pm USD New Home Sales 307K versus 313K
expected. The USD fell. Tuesday, November 29th 7:00am GBP
Nationwide HPI +0.4% versus -0.1% expected. The GBP rose. 3:00pm
USD CB Consumer Confidence 56.0 versus 43.8 expected. The USD was
mixed. 9:45pm NZD Building Consents +11.2% versus last -17.1%. The
NZD rose. Wednesday, November 30th 12:30am AUD Private Capital
Expenditure 12.3% versus 8.2% expected. The AUD rose. All Day EUR
The ECOFIN Meetings were held at which it was agreed to use the
European Financial Stability Facility to provide a 20-30% bailout
to investors who purchase new debt from financially challenged
Eurozone countries. The EUR rose. 10:30am CHF KOF Economic
Barometer 0.35 versus 0.66 expected. The CHF rose. 1:00pm USD The
Federal Reserve announced that it and other major central banks
would reduce the pricing on existing temporary U.S. Dollar
liquidity swaps by 50bps equal to 50 bps over the U.S. Dollar
Overnight Index Swap (OIS) rate. 1:15pm USD ADP Non-Farm Employment
Change 206K versus 131K expected. 1:30pm CAD GDP 0.2%, as expected.
The CAD rose. 3:00pm USD Pending Home Sales 10.4% versus 1.3%
expected. The USD fell. Thursday, December 1st 12:30am AUD Building
Approvals -10.7% versus 3.6% expected. 12:30am AUD Retail Sales
0.2% versus 0.4% expected. The AUD fell. 1:00am CNY Manufacturing
PMI 10.4% versus 49.8 expected. 9:30am GBP Manufacturing PMI 47.6
versus 47.2 expected. The GBP fell mildly. 1:30pm USD Weekly
Initial Jobless Claims 402K versus 390K expected. 3:00pm USD ISM
Manufacturing PMI 52.7 versus 51.6 expected. The USD rose. Friday,
December 2nd 8:15am CHF Retail Sales -0.2% versus 1.2% expected.
The CHF fell. 9:30am GBP Construction PMI 52.3 versus 52.2
expected. The GBP fell. 12:00pm CAD Employment Change -18.6 versus
17.2K expected. 12:00pm CAD Unemployment Rate 7.4% versus 7.3%
expected. The CAD fell. 1:30pm USD Non-Farm Payrolls 120K versus
119K expected. 1:30pm USD Unemployment Rate 8.6% versus 9.0%
expected. The USD rose. Technical Recap for the Majors This Week
EURUSD: Forecast: Mildly LowerActual: Higher from a 1.3322 open to
a 1.3472 close. USDJPY: Forecast: Mildly HigherActual: Mildly
higher from a 77.57 open to a 77.92 close. GBPUSD: Forecast: Mildly
LowerActual: Higher from a 1.5486 open to a 1.5657 close. AUDUSD:
Forecast: Mildly LowerActual: Higher from a 0.9819 open to a 1.0262
close. USDCAD: Forecast: Mildly HigherActual: Lower from a 1.0429
open to a 1.0151 close. NZDUSD: Forecast: Mildly LowerActual:
Higher from a 0.7506 open to a 0.7798 close.

Weekly Forex Market Forecast (October 31st - November 4th 2011)

Weekly Forex Market Forecast (December 12th - December 16th 2011)

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 December 12th December
16th, 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, December
12th 12:30am AUD Home Loans (0.1%, good for AUD) 12:30am AUD Trade
Balance (2.03B, good for AUD) Tentative GBP BOE Governor King
speaks (hawkish = good for GBP) Tuesday, December 13th 9:30am GBP
CPI (4.8%, good for GBP) 10:00am EUR German ZEW Economic Sentiment
(-55.7, good for EUR) 1:30pm USD Core Retail Sales (0.5%, good for
USD) 1:30pm USD Retail Sales (0.6%, good for USD) 7:15pm USD FOMC
Statement (hawkish = good for USD) Wednesday, December 14th 9:30am
GBP Claimant Count Change (17.3K, good for GBP) Thursday, December
15th 2:30am CNY HSBC Flash Manufacturing PMI (47.7) 8:30am CHF
Libor Rate (0.25%, good for CHF) 8:30am CHF SNB Monetary Policy
Assessment (hawkish = good for CHF) 8:30am CHF SNB Press Conference
(hawkish = good for CHF) 9:30am GBP Retail Sales (-0.2%, good for
GBP) 1:30pm USD PPI (0.3%, good for USD) 1:30pm USD Weekly Initial
Jobless Claims (389K, good for USD) 2:00pm USD TIC Long-Term
Purchases (53.4B, good for USD) 3:00pm USD Philly Fed Manufacturing
Index (5.1, good for USD) Friday, December 16th 1:30pm USD Core CPI
(0.2%, good for USD) Technical Forecast and Levels to Watch for the
Majors This Week EURUSD: Mildly Higher Resistance:Initial: 1.3433,
1.3458, 1.3486, 1.3495, 1.3546/68, 1.3614, 1.3795/98 and
1.3813/27.Above: 1.3854/58, 1.3868, 1.3973, 1.4054, 1.4246 and
1.4548. Support:Initial: 1.3362, 1.3334, 1.3281, 1.3241/58, 1.3211,
1.3145, 1.3055 and 1.3000.Below: 1.2968, 1.2917, 1.2873,
1.2643 and 1.2586. USDJPY: Mildly Lower Resistance:Initial:
77.78/89, 78.06/10, 78.28, 78.66, 79.05, 79.40, 79.52, 79.96,
80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09
and 83.77. Support:Initial: 77.48/49, 77.29, 77.13, 77.00, 76.83,
76.57, 76.41, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus
75.00 and 70.00 likely. GBPUSD: Mildly Higher Resistance:Initial:
1.5685, 1.5691, 1.5717, 1.5735/45, 1.5770, 1.5868/90, 1.5912/19,
1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206,
1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616.
Support:Initial: 1.5624, 1.5561/85, 1.5516/31, 1.5483, 1.5422,
1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.Below:
1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD:
Higher Resistance:Initial: 1.0229, 1.0303/78, 1.0444/98, 1.0608,
1.0654 and 1.0718/84.Above: 1.1010 and 1.1079. Support:Initial:
1.0156, 1.0100/16, 1.0048/52, 1.0000, 0.9925/83, 0.9863 and
0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41,
0.9500, 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD: Lower
Resistance:Initial: 1.0172/99, 1.0207, 1.0221, 1.0262/87, 1.0302,
1.0337, 1.0417, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56,
1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853, 1.0868, 1.1000 and
1.1101/23. Support:Initial: 1.0105/42, 1.0026/78, 0.9969 and
0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645.
NZDUSD: Higher Resistance:Initial: 0.7761, 0.7795, 0.7804,
0.7827/36, 0.7855/59 and 0.7878/88.Above: 0.7955/96, 0.8066/93,
0.8109/90 and 0.8240. Support:Initial: 0.7723/41, 0.7605/72,
0.7500/52, 0.7404/67, 0.7369, 0.7342 and 0.7321.Below: 0.7189,
0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560.