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Weekly Outlook: EURUSD bear Flag waits for new catalyst

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Weekly Outlook: EURUSD bear Flag waits for new catalyst


By ForexTime 

*Note: This report was written before the US NFP data was published*

  • Euro could see volatility next week thanks to EU data dump ​​​​​​
  • Powell’s remarks may trigger USD move
  • EURUSD bear-flag waits for new spark in D1 charts
  • The key levels of interest are found at 1.0690 1.0530 1.0450

As the US employment report for this afternoon (3rd November), the main event, approaches.

Even with the growing anticipation, some keen investors may be keeping tab on what’s to come in the week ahead:

Monday, November 6th

  • EUR: Eurozone S&P Global Services PMI, Germany factory orders
  • JPY: BoJ September meeting minutes
  • Huw Pill, BoE’s chief economist, delivers speech on the GBP

Tuesday, 7th of November 

  • CNH: China Trade, Forex Reserves
  • AUD: RBA rate decision
  • Eurozone Industrial Production Index (PIE)
  • Japan household expenditure
  • US Trade, Kansas City Fed President Jeff Schmid’s speech

Wednesday, 8th November

  • Eurozone retail sales and Germany CPI
  • GBP: BOE Governor Andrew Bailey speech
  • John Williams, New York Fed president, speaking on US wholesale inventories
  • Walt Disney Earnings

Thursday, 9th of November  

  • CNH: China CPI, PPI, money supply, new yuan loans
  • BOE Chief: GBP



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