Forex News on the Euro, Pound, Dollar & Yen this week
There are several high impact Fundamental Forex News coming out this week. On Monday, we have the Euro Zone Current Accounts Report. This report which summarizes the flow of goods, services, income and transfer payments in and out of the Euro-zone nations to other countries. This Fundamental Forex News, Current Accounts Report will affect the value of the Euro.
Tuesday and Wednesday will be more interesting as we will be facing the German GDP and the United States GDP news on Tuesday and the United Kingdom GDP on Wednesday. All the three GDP reports are reflections of the growth of economic activities of the countries. The market is expected to be Bullish if there is a positive GDP growth and Bearish if the GDP is negative The German GDP, the United Kingdom GDP and the United States GDP definitely will of a bearing to the value or strength of the Euro, Pound and the Dollar.
The release of the Forex News is scheduled as follows:
German GDP @ 07:00 GMT, Tuesday
United States GDP @ 13:30 GMT, Tuesday
United Kingdom GDP @ 09:30 GMT, Wednesday
Other than the above Forex News, on Tuesday, we will also be greeting the BOJ Monthly Report, Canadian Retail Sales News, the United States Consumers Confidence which will have an impact on the Yen, the Canadian Dollar and the Dollar.
Other Forex News scheduled for this week are the Japanese Consumer Price Index, Forex News on Japanese Retail Trade and the BOJ Monetary Policy Meeting. Under the current economic situation traders trading the Yen and the Yen related currency pairs will keep watch on the mentioned Forex News and news on BOJ Monetary Policy Meeting as this news will be an indicator on the future of the interest rate.
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