The Week Ahead

This week the US calendar is light so the focus will largely be towards Existing Home Sales due out Thursday.

The BoE minutes will be highly anticipated and GDP is expected to have slowed down.

The Euro zone will be focussing on German IFO which is expected to be weaker again.

The BoJ minutes are released but most of the focus will be on CPI.

The BoC is expected to cut it's rate and CPI is the focus here.

Australia will release it's CPI and PPI data.

The daily GBPCAD hit 0.618 on Wednesday and on Thursday promptly reversed with a bearish engulfing candle. It might be worth putting this on your watchlist for a breakout or breakdown (the figure).


Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik