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The Week Ahead 13th Aug 2018
Published: 08/12/2018

A manager pointing out the peaks and troughs of a financial chart next to a laptop and coffee mug full of black coffee

The data that could impact market volatility for the week ahead will mainly be centered around UK Employment, Consumer Price Index (CPI), Retail sales, Eurozone GDP, Consumer price Index (CPI) and US Retail sales.

Tuesday 14th Aug at 9.30am UK Unemployment data for July is due. Forecasts are pointing to  claimant count to fall by 7800, also the unemployment rate for May is expected to stay at 4.2% and average earnings for June are forecast to show 2.6% from previously published 2.7%. This data could increase volatility in UK Equities and also GBP currency crosses.

Tuesday 14th Aug at 10.00am Eurozone preliminary GDP for Q2,  expectations are for unchanged figure of 0.3% growth QoQ and 2.1% YoY.  This data could impact volatility in European Equities and also EUR Currency Crosses.

Wednesday 15th Aug at 9.30am UK CPI for July is due for release. The expectations are for 2.5% YoY, from previously published  2.4%. This data could impact volatility in UK Equities and also GBP currency crosses.

Wednesday 15th Aug at 1.30pm US retail sales for July are due for release. Estimates are pointing to 0.3% MoM from previously published 0.5%. This data could impact volatility in US Equities and also USD currency crosses.

Thursday 16th Aug at 2.30am Australian Unemployment data is due for release. Estimates for Employment Change are pointing to 27.3K from previously published 50.9K. Additionally Unemployment Rate is forecasted to show 5.5% from previously 5.4%. This data could impact volatility in Australian Equities and also AUD currency crosses.

Friday 17th Aug at 10.00am Eurozone Consumer Price Index (CPI) for July is due. Expectations are for prices to show unchanged growth of  0.1% MoM from previously published 0.1% and 2.0% YoY from previously published 2.1%. This data could impact volatility in European Equities and also EUR currency crosses.  

EURUSD

Current price action appear Bearish below 1.1440 resistance level targeting downside supports at 1.1340 followed by 1.1300 and 1.1200 levels. Alternatively confirmed breakout above current upside resistance at 1.1440 and the Daily close higher would open up the way for the retest of additional upside resistances at 1.1500 followed by 1.1550 levels.

GBPUSD

GBPUSD is clearly down trending initially capped by resistance at 1.2840 level targeting downside supports at 1.2700 followed by 1.2600 and 1.2560 levels. Alternatively a confirmed breakout above 1.2840 resistance and the Daily close higher would open up the way for the retest of additional upside resistances at 1.2930 followed by 1.3000-1.3025 levels.

AUDUSD

Current price action appears bearish initially capped by resistance at 0.7310 targeting downside supports at 0.7280 followed by 0.7250 and 0.7200. Alternatively confirmed breakout above 0.7310 resistance and het Daily close higher would open up the way for the retest of additional upside resistances at 0.7350 followed by 0.7400.

 

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