Weekly Outlook for Forex

By in Currency Articles | August 23, 2011 23:59 | Tags: ,

Major events that have significant impact on forex market for the week ending August 26th, 2011 are as follows:-

On Monday, official data on mortgage delinquencies was reported in United States. Today on Tuesday, Switzerland reported trade balance while in United Kingdom data on mortgage approvals and inflation expectations was published. In euro zone initial data on manufacturing and services sector activity was published along with individual reports from France and Germany. Germany also reported its numbers on country’s business confidence. Canada and United States released their official data on retail sales. New Zealand released its report on inflation expectations.

On Wednesday, August 24th, 2011, data on industrial new orders will be published in euro zone. Ifo Institute for Economic Research will publish as detailed report on Germany’s business climate. In United States, official numbers on durable goods orders along with crude oil inventories will be released. Australia will release its index of leading economic indicators along with completed construction projects while in New Zealand official data on trade balance will be reported.

On Thursday, August 25th, 2011, data on consumer confidence and industry retail sales will be reported in United Kingdom. In euro zone, detailed report on Gfk German consumer confidence will be published while in Switzerland, official data on country’s employment level will be released. In United States, data on initial jobless claims will be published. New Zealand is to report its official numbers on retails sales on Thursday.

On Friday August 26th, 2011, Japan will report is official data on consumer price inflation. In United States, preliminary data on gross domestic product will be published. University of Michigan will release its revised data on consumer sentiment and inflation expectations. Revised data on GDP will be reported in United Kingdom.

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