GBP first day of the week will be calm for the British currency, due to lack of data on the economic calendar. Tuesday will be published the index of consumer prices index of producer prices for UK. Expected data are not optimistic about the economy of the island, which could be a reason for bad mood to the GBP. It is not certain that the data Number of unemployed (change) in the following day will raise the spirit of pounds. On Thursday, data on retail sales is likely to have "little" support GBP, as expected values above zero.
EUR Data for the euro area economy, which heavily influence the euro and European indexes are missing. Only ZEW index of economic expectations can impact more strongly on the European women markets. Information for the index will be released Tuesday. The values expected are the lowest since November 20114. Probably negative movement of the euro upon confirmation of forecasts.
JPY The second day of the week will likely account for the high volatility of the JPY and Nikkei 225. In this day manager BoJ- Kuroda will make a statement. This is one of the main methods of BOJ, which it uses to communicate with investors regarding monetary policy. The statement covers the overall economic outlook, inflation, and will provide information on future monetary policy;
CAD midweek Canada will provide information on supply in the industrial sector, which can be tension about the Canadian dollar. The week will end for CAD data for the consumer price index. CPI sit two periods is o.oo%. What mood will meet the currency of Canada on Saturday and Sunday will depend only on the values of the CPI.
USD whole economic world has turned his attention to the end of the week, when the FED will announce its decision on interest rates of the United States. Probably the high volatility in the financial markets throughout the day. Speculation about the increase in the interest rate will behave under stress indices and US dollar throughout the week. Additional influence may have data on retail sales on Tuesday and CPI figures on Wednesday.
E.Dimitrov JrTrader
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