The last week of August brings revised GDP figures in the US and Britain, Durable Goods Orders and more important releases. What will be the dollar’s direction this week? Here’s the weekly outlook. The US dollar made some late gains on Friday afternoon. The Jackson Hole conference going on during the weekend, with the positive feeling can also impact the beginning of the forex trading week. But very soon, new data will pour in and set the direction. Let’s look at the major events: Monday, August 24th: British Nationwide HPI will be published this week, probably on Monday. It’s expected to rise by 0.8%. In Europe, Industrial New Orders are due in the morning, and might help the Euro after the recent good European PMI figures. In Canada, Retail Sales are expected to stay flat after the nice rise last time. Loonie traders, also note the Core Retail Sales. Tuesday, August 25th: Quarterly Inflation Expectations start the day in New Zealand. It’s an important figure for the kiwi. In Switzerland, the UBS Consumption Indicator is released early in the morning. Later, Swiss Employment Level is published and is followed by speeches by the heads of the SNB. In Britain, BBA Mortgage Approvals are expected to continue rising. Belgium NBB Business Climate is also expected to improve. In the US, CB Consumer Confidence is expected to advance to 48.1 points. After last week’s surprising Existing Home Sales numbers, the S&P/CS Composite-20 HPI is expected to show a smaller fall, and the HPI is expected to be on the rise. Will American housing bounce also in prices. Japanese Trade Balance closes the day with an expected squeezing surplus. Wednesday, August 26th: Australian Construction Work Done is lagging behind other Australian indicators, and will probably continue to do so. German Ifo Business Climate is expected to continue advancing, like the whole German economy. American Durable Goods Orders are predicted to bounce back after falling last time. Also note the Core Durable Goods Orders which will probably remain stable. The complementary figure for last week’s Existing Home Sales is the New Home Sales, which are estimated to rise as well. Thursday, August 27th: Australian CB Leading Index and then Private Capital Expenditure start the day, and both are expected to show strength. GfK German Consumer Climate will impact EUR/USD in a positive way, but the German Prelim CPI isn’t expected to show that Europe got rid of the deflation problems. British Prelim Business Investment is expected to remain negative, and will be a warm up for the British CBI Realized Sales, which are also expected to remain in the red zone. Near the end of the day, GfK Consumer Confidence is expected to get better. American Prelim GDP, the revised figure for the second quarter, is expected to show a deeper contraction – 1.3%. At the same time, Unemployment Claims might get better this time… Building Consents in New Zealand close the week in New Zealand. In Japan, Household Spending isn’t predicted to be very good, and the Tokyo Core CPI is expected to show more deflation. Japanese Unemployment Rate is also predicted to be on the rise, from 5.4% to 5.5%. Friday, August 28th: British Revised GDP supplies a strong start for the day. It isn’t expected to change from the initial reading of a 0.8% contraction in the second quarter. The Swiss KOF Economic Barometer is expected to improve, but still remain negative. Quite an important for those trading the Swissy. Canadian Current Account is predicted to deepen. Also the RMPI (Raw Materials Price Index) is expected to fall despite rising oil prices. In the US, Core PCE Price Index won’t ignite fear of deflation, and also Personal Spending is expected to be stable. The Revised UoM Consumer Sentiment will close the week, and is predicted to show an improvement from the initial reading. That’s it for the major events this week. I’ll later publish coverages for the British Pound, Canadian dollar, Australian dollar and perhaps some other currencies. Further reading: For the British Pound, check out the GBP/USD Outlook. For the EUR/USD , read the EUR/USD Outlook. For the Canadian dollar, read the USD/CAD Outlook. For the Australian dollar, check out the AUD/USD Outlook. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Weekly Forex Forecasts share Read Next British Pound Outlook – August 24-28 2009 Yohay Elam 12 years The last week of August brings revised GDP figures in the US and Britain, Durable Goods Orders and more important releases. What will be the dollar's direction this week? Here's the weekly outlook. The US dollar made some late gains on Friday afternoon. The Jackson Hole conference going on during the weekend, with the positive feeling can also impact the beginning of the forex trading week. But very soon, new data will pour in and set the direction. Let's look at the major events: Monday, August 24th: British Nationwide HPI will be published this week, probably on Monday. 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