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.
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