Forex News For The Week Ahead

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Last week saw the Euro fall to a two-week low against the dollar in the wake of doubts cast by Greece about their ability to successfully tackle their huge budget deficit. These doubts are echoed by other EU member states to, doubts which have seen the euro struggle to perform at leading Forex trading sites such as Forex WebTrader. The Forex News For The Week Ahead also offers you a number of opportunities to profit from the various currency pairs shifting fortunes.

Monday 22nd March:

On Monday the US Treasury Secretary, Timothy Geithner, is due to address the American Enterprise Institute, which is a Washington-based think tank, regarding financial reforms. This will undoubtedly have an effect on the various US dollar currency pairs.

Tuesday 23rd March:

The US’ National Association of Realtors is due to publish a key report on sales of existing U.S. homes on Tuesday. This report is historically a strong indicator for the health of the US economy.

Wednesday 24th March:

This Wednesday the Ifo research institute, which is a research institution based in Munich, is to publish a report on the business climate in Germany, which has the biggest economy within the EU. This report will be followed by Italy’s quarterly unemployment rate figures.

Thursday 25th March:

On Thursday the German economy could make a significant impact on the value of the Euro as the Gfk market research group publish a report covering the current German consumer climate. Italy will also release their monthly data on retail sales on Thursday and the EU will publish a report on the total value of new loans issued to consumers and businesses in the private sector throughout Europe.

Friday 26th March:

The U.S. will release their final quarterly GDP data figures on Friday and on the same day the University of Michigan will publish the revised reading of its Consumer Sentiment index. Both of these events will shake the dollar once again ahead of the weekend close of the markets.

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