Important Events

 May 20–24 2013

New week, starting May 20th, brings 15 new market events. Pay special attention to the Euro Zone Current Account on Wednesday, can have an effect on the EUR/USD.

Let’s review the events. All times are GMT.

1. German PPI: Published on Tuesday at 07:00 GMT.

The market expects a score of -0.1%. If the outcome is 0.0% or higher, buy  EUR/USD. If the result is -0.3% or lower, SELL  EUR/USD.

2. U.K. CPI: Tuesday, 09:30.

Exp. 2.6%. 3.0% or higher, BUY  GBP/USD. 2.4% or lower, SELL GBP/USD.

3. Japanese Trade Balance: Wednesday, 00:50.

 Exp. -0.61T. -0.48T or more, SELL  USD/JPY. -1.08t or less, BUY USD/JPY.

4. Euro Zone Current Account: Wednesday, 09:00.

 Exp. 14.2B. 17.2B or more, BUY  EUR/USD. 13.9B or less, XELL  EUR/USD.

5. U.K. CBI Industrial Order Expectations: Wednesday, 11:00.

 Exp. -17. -14 or more, BUY  GBP/USD. -29 or less, SELL  GBP/USD.

6. Canadian Core Retail Sales: Wednesday, 13:30.

Exp. 0.2%. 1.4% or higher, SELL USD/CAD. 0.9% or lower, BUY USD/CAD.

7. U.S. Existing Home Sales:  Wednesday, 15:00.

Exp. 4.99M. 5.04M or more, BUY  USD/JPY. 4.85M or less, SELL  USD/JPY.

8. French Flash Manufacturing PMI:Forex investment capital, i.e. you make money. The only tricky part is to know what moves the foreign exchange market, how the different factors affect it, and in which direction it will move next. These factors include economic or political events. These need to be factored in when a foreign currency trader decides the direction in which currencies will move.-->