The outlook for the next week

The forex market will seem to be dull next week I presume since there is not so much data released.

There are some important outlooks for Tuesday, core retail sales m/m, retail sales m/m

U.S. aggregate retail sales excluding automobile and gasoline sales, which are excluded due to their volatility. The figures are released monthly by the U.S. Department of Commerce about two weeks after the end of the reference month. As consumer spending accounts for more than two-thirds of the U.S. economy, the core retail sales data is an important indicator about the health of the overall economy.

This is the December data, due to the christmas, I think it will be a bit high but I still don't think that US now will gain a strong momentum in consuming. 

Wedsday: PPI m/m USD  

And also  the AUD with unemployment rate and employment change 

Thursday with Core CPI m/m and unemplyment claims 

Friday with building permits: 

Due to the release of the data, we should pay attention to the currencies pairs: 

AUD/USD, AUD/JPY, GBP, XAU/USD 

I still long AUD in the medium term since I have preference in AUD and their economy since they have very low ratio of debt. 



Keep a very fixed eye on US dollar Index it is bounding so last week the non-US currencies just skyrocketed so I think this week they will now have a fast rise but keep a quite steady bounding area.