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Monday, April 11, 2011

Forex trading forecast for Week April 11, 12, 13, 14, 15,April 2011

    Forex trading forecast for Week April 11, 12, 13, 14, 15,April 2011 : Forex trading ; List of the major events (News) for April 11 – April 15, 2011 that will move the markets around the globe.

    Tuesday - April 12, 2011
    * GBP – Consumer Price Index (CPI) : at 9:30am
    Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
    Previous 4.4%, Forecast 4.4%

    * EUR – German ZEW Economic Sentiment : at 10:00am
    It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
    Previous 14.1, Forecast 12.2

    * CAD – Trade Balance : at 1:30pm
    Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.
    Previous 0.1B, Forecast 0.7B

    * USD – Trade Balance : at 1:30pm
    Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers
    Previous -46.3B, Forecast -44.1B

    * CAD – BOC Rate Statement : at 2:00pm
    It’s the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions

    * CAD – Overnight Rate : at 2:00pm
    Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.
    Previous 1.00%, Forecast 1.00%

    Wednesday - April 13, 2011

    * GBP – Claimant Count Change : at 9:30am
    Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions

    Previous -10.2K, Forecast -3.1K

    * USD – Core Retail Sales : at 1:30pm
    It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
    Previous 0.7%, Forecast 0.7%

    * USD – Retail Sales : at 1:30pm
    It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
    Previous 1.0%, Forecast 0.6%

    * CAD – BOC Monetary Policy Report : at 3:30pm
    It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions.

    * CAD – BOC Press Conference : at 4:15pm
    It’s among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

    * AUD – RBA Gov Stevens Speaks : at 6:00pm
    As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

    Thursday - April 14, 2011

    * USD – Producer Price Index (PPI) : at 1:30pm
    It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer.
    Previous 1.6%, Forecast 1.2%

    * USD – Unemployment Claims : at 1:30pm
    Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
    Previous 382K, Forecast 379K

    * ALL – G7 Meetings : All Day
    While it’s not an institution, the G7 is an influential global policy-making body operating at the highest level, and their initiatives and policies can have a substantial impact on currency markets.

    Friday - April 15, 2011

    * CNY – Consumer Price Index (CPI) : at 3:00am
    Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.
    Previous 4.9%, Forecast 5.2%

    * CNY – Gross Domestic Product (GDP) : at 3:00am
    It’s the broadest measure of economic activity and the primary gauge of the economy’s health.
    Previous 9.8%, Forecast 9.5%

    * USD – Core CPI : at 1:30pm
    Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
    Previous 0.2%, Forecast 0.2%

    * USD – TIC Long-Term Purchases : at 2:00pm
    Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation’s securities.
    Previous 51.5B, Forecast 59.4B

    * USD – Prelim UoM Consumer Sentiment : at 2:55pm
    Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
    Previous 67.5, Forecast 68.8
    Source URL: https://pokbongkoh.blogspot.com/2011/04/forex-trading-forecast-for-week-april.html
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