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.
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