IntegrityFX Weekly Economic Calendar Outlook

Last Friday proved to be a strong showing for the US unemployment data, giving a boost to risk appetite and taking strength out of the dollar. This week, on the other hand, has little market moving data set to be released. Expect the first half of the week to move in a technical fashion since any important data will not be released until Thursday.

Monday

No important data.

Tuesday

No important data.

Wednesday

0:30 GMT

The fear for AUD is that they are in a housing bubble much like the US. However the home loan data is far too variable to be a stable predictor for the housing market, don’t expect a reaction to its release

9:30 GMT

The manufacturing production data for GBP is unlikely to have an impact either, this data is mainly indicative of a slowing economy but does not do well at signaling a recovery.

20:00 GMT

The interest rate for NZD is not expected to change, not even for a while. New Zealand and Australia may be close to each other but their economies are worlds apart. Don’t look for a recovery out of New Zealand for some time.

Thursday

0:30 GMT

The Australian employment data has been surprising to the upside, and I don’t expect that to change for this release. AUD has been strong so look for this data to continue that strength.

13:00 GMT

If there is a market event that could challenge the current risk appetite in the market it is the CHF interest rate statement. If the Swiss Bank further strengthens their intervention stance then the market will react adversely to risk, but if they shy further away from intervention citing stronger economic conditions then look for the risky currencies to gain strength.

Friday

12:00 GMT

The Canadian economy has been surprisingly resilient. The Employment data will surprise as positive for CAD if it surprises at all.

13:30 GMT

The US retail data may be coming in too late in the week to have any real impact, but it has been strong and if we are in recovery mode data like this should be surprisingly positive.