Forex Weekly outlook

The U.S. dollar finished with Friday’s session lower vs its counterparts after weaker than forecast US jobs data dropped expectations that the Federal Reserve will start to lower its stimulus program by the end of the year.

Labor department quoted the U.S. economy added 163k jobs in July 2013, with less than the 183k jobs increased forecast by the economists.

The unemployment rate dropped down to 7.5%. The data came from growing uncertainty over the future of the US central bank’s program.

The euro rose to a high of 1.3295 vs the US dollar before settling at 1.3282, up 0.56% for the day.

Euro weakened vs the U.S. dollar on Thursday after the ECB maintained a dovish stance on interest rates previously noticed.

Speaking at the bank’s post policy meeting press conference, ECB President Mr Mario Draghi quoted that the central bank’s monetary policy will remain enforced for an extended period of time”.

Mario Draghi’s comments came after the ECB held its level interest rate at a low 0.511% in August of 2013.

US dollar lost more than 1.1% vs the pound on Friday, withGBP/USD  rising to a session high of 1.5307, before sitting at 1.5293, up 1.15% for the day and nearly flat for the week forecasted.

FxPremiere forex Weekly outlook

UK Bank of England also left its mark of interest rate unchanged at 0.511% on Thursday and its asset purchase program unchanged at GBP 375.34 billion at the head of the central bank.

U.S. dollar fell to a low of 98.69 vs the japanese yen following the bad jobs report seen this week before settling at 98.97, down 0.577% for the day.

Investors will be ahead of key U.S. economic data to further understanding of the strength of the U.S. economy and the need for programme.

FxPremiere.com has compiled significant events likely to affect the forex markets.

Monday, August 5th August 2013

Australia is in production of official data on retail sales, t

U.K. is to release data on service activity sector, a leading economic indicator tool.

Fx Markets in Canada are to remain closed for a national bank holiday.

In the US: the Institute of Management Supply is to make or forecast a report on service sector activity daily.

Tuesday, August 6th 2013

The Federal Reserve Bank of Australia is announcing its mark for interest rate fluctuations.

euro zone Germany is to make data official for factory orders and a leading definition of production, whilst Italy is to make a start on data of second quarter domestic gross products,

Wednesday, August 7th August 2013

New Zealand is to release government data for unemployment and employed rate.

The Bank of England is to release its four month inflation report ahead of BoE Governor Mr Mark Carney speaking following the release of the report.

Germanys official data on industrial production continues.

Thursday, August 8th 2013

BoJ is to announce its mark interest rate fluctuation. The BoJ is to hold a press conference after the rate news.

China is to release government data on the trade balance updated.

Germany is to produce official data on the trade balance as well as The ECB is to publish its monthly statements.

U.S. is to publicly display the weekly government report on initial jobless claims, a leading economic indicator.

Friday, August 9th 2013

RBA is publishing its monetary policy statement which will clearly show the factors that influenced the bank’s rate decision previously seen.

Also China official data on consumer price inflation will be released, which accounts for the majority of inflation.

The U.K. is to release government data on the trade balance sheet.

FxPremiere sees the forex news forecasts for the week ahead in detail before sending forex signals and forex news alerts to its subscribers