In the US, FOMC Statement, the key tool that is used by the FOMC regarding monetary policy with investors, and regarding  financial conditions for  other policy measures. It also discusses the outcome of upcoming votes on monetary outlook.

In the US, Unemployment Claims, weekly report for the number of unemployment that filed for insurance on the past week, reduce from 417K on July to 409K this week is expected.

In the US, Existing Home Sales, measuring the number of built houses that were sold on the last month, drooped to 5.05 million on May and a further reduce is expected now to 4.83 million.

 In the US, ADP Non-Farm Employment Change, number of employed people during the previous month, excluding the farming industry and government is about to reduce by 11K, and accounts for a majority of overall economic activity.

In the US, American trade balance a major market-mover released simultaneously with the Canadian trade balance and provides high volatility for USD/CAD. The American deficit is expected a small increase to 43.5B from 42.8B in the previous month.

A very busy week expects pound traders, with inflation and employment figures in the limelight. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD.

GBP/USD graph with support and resistance lines on it. Click to enlarge:

In the US, Federal Reserve Chairman Ben Bernanke testifies on implementation of the Dodd-Frank Act before the Senate Committee on Banking, Housing, and Urban Affairs, in Washington DC. And later speaks at the Federal Reserve System Town Hall Meeting with Educators, in Washington DC. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues

Final GDP, manufacturing PMI and lots of speeches are part of a busy week for cable traders. Here’s an outlook for the British events and an updated technical analysis for GBP/USD.

GBP/USD  daily graph with support and resistance lines marked. Click to enlarge:

A more quiet week in terms of indicators expects the Pound, but Mervyn King’s public appearance could rock the currency. Here’s an outlook for the 4 events that will move the currency, and an updated technical analysis for GBP/USD.

GBP/USD chart with support and resistance lines on it. Click to enlarge:

GBP/USD  graph with resistance and support lines marked. Click to enlarge: