{"id":71244,"date":"2015-04-19T09:58:27","date_gmt":"2015-04-19T13:58:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=71244"},"modified":"2015-04-19T09:58:27","modified_gmt":"2015-04-19T13:58:27","slug":"the-week-ahead-19-04-2015-cpi-in-australia-and-new-zealand-may-be-a-good-opportuinty-to-get-long-on-dips","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/the-week-ahead-19-04-2015-cpi-in-australia-and-new-zealand-may-be-a-good-opportuinty-to-get-long-on-dips\/","title":{"rendered":"The Week Ahead 19.04.2015: CPI In Australia And New Zealand May Be A Good Opportuinty To Get Long On Dips"},"content":{"rendered":"<div id=\"inves-3980425249\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 19, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/GrowthAces.com\" target=\"_blank\">GrowthAces.com<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/twa_19042015.png\" alt=\"Economic Calendar And Forecasts For Forex Traders\" width=\"676\" height=\"565\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>EUR\/USD<\/strong><\/p>\n<ul type=\"disc\">\n<li>This week will see a raft of important survey indicators in the Eurozone: <strong>preliminary PMIs (Thursday), German ZEW (Tuesday) and Ifo (Friday)<\/strong> for April. U.S. <strong>Durable goods orders for March (Friday<\/strong>), even in case of modestly rebound, are rather unlikely to provide a significant boost to the USD.<\/li>\n<li><strong>The long-awaited Eurogroup meeting on Greece is scheduled for this week (April 24).<\/strong> We expect a continuation of slightly bullish bias for the EUR\/USD this week. However, concerns over Greece will pose a headline risk to our EUR-long position, especially since recent news suggest that a solution is rather unlikely at the end of the week.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>GBP<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>The BoE releases the minutes of the MPC\u2019s April meeting on Wednesday.<\/strong> We do not expect anything new \u2013 the vote was certainly unanimous again, as it has been since January and the tone may be even slightly more dovish.<\/li>\n<li>In this situation the only significant piece of information will be the release <strong>of retail sales for March (on Thursday<\/strong>). Our forecast is slightly below the market consensus.<\/li>\n<li>The nearest short-term targets for the GBP\/USD bulls are the 55-dma at 1.5067 and 1.5155, daily high on March 18. Technical situation is good for GBP\/USD bulls &#8211; trend indicators supports further GBP\/USD gains. Our strategy is to get long at 1.4900.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>CAD<\/strong><\/p>\n<ul type=\"disc\">\n<li>The Bank of Canada said last week prices were rising faster than it thought just three months ago, in spite of lower oil prices. It raised its forecasts for both total and core inflation. The bank said a considerable easing in financial conditions largely due to the bank&#8217;s interest rate cut in January, together with improving U.S. demand, will bolster the transition of Canada&#8217;s oil-heavy economy to non-energy exports, investment and a stronger jobs market.<\/li>\n<li><strong>This suggests that the central bank is now satisfied with the loosening of financial conditions and is unlikely to cut again. However, some market participants still expect such a move. That is why on-hold BOC policy should support the loonie.<\/strong> In our opinion the USD\/CAD is likely to decline in the medium term and <strong>we are looking to get short on upticks for 1.2000.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>AUD<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>Australia will announce CPI data for the first quarter on Wednesday (GMT).<\/strong>\u00a0 A potential deceleration in annual inflation in Australia would weigh on the AUD and the AUD\/USD is likely to cut its gains from last week.<\/li>\n<li><strong>This could be a good opportunity to get long on this pair.<\/strong> We expect in our baseline scenario that the Reserve Bank of Australia will keep rates on hold, against the market that still sees a chance for a cut in May. <strong>We placed our buy order at 0.7730.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>By <a href=\"http:\/\/GrowthAces.com\" target=\"_blank\">GrowthAces.com<\/a><\/strong><\/p><div id=\"inves-1448556652\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By GrowthAces.com &nbsp; EUR\/USD This week will see a raft of important survey indicators in the Eurozone: preliminary PMIs (Thursday), German ZEW (Tuesday) and Ifo (Friday) for April. U.S. Durable goods orders for March (Friday), even in case of modestly rebound, are rather unlikely to provide a significant boost to the USD. The long-awaited Eurogroup [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71244","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71244"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71244\/revisions"}],"predecessor-version":[{"id":71245,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71244\/revisions\/71245"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}