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Thread: Latest forex news updates.

  1. #1
    Market Maker ilearn2t's Avatar
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    Default Latest forex news updates.

    Hello Everyone

    This week ahead will see a host of economic reports being released.

    It will all kick off with the RBA Gov Stevens speech a few hours after the FXOpen trading week begins (12 midnight UK time). The Reserve Bank of Australia faces a busy period in the wake of its surprise decision to lower interest rates last week. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.

    On Monday, markets will be closed in the Unites States for Columbus Day, while the Canadian banks will be closed in observance of Thanksgiving Day, also closed is the Japanese banks in observance of Health-Sports Day.

    Elsewhere, (Mon 08/Oct/2012 08.15am UK time) CHF CPI m/m which is released monthly, about 6 days after the month ends, the impact tends to be significant but varies from month to month due to volatility in the data set.

    With the Forecast showing 0.3% compared to the previous report of 0.0%, A higher than expected reading should be taken as positive sign for the CHF.

    (Mon 08/Oct/2012 10:00pm UK time) NZD NZIER Business Confidence is released.
    Above 0 indicates optimism, below indicates pessimism. Previous -4 didn't go down well with the NZD dollar. It involves a survey of about 2500 businesses which asks respondents to rate the relative 6-month economic outlook, One to watch.

    Good luck
    ilearn2t

  2. #2
    Market Maker ilearn2t's Avatar
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    Default

    Hello Everyone

    In Europe, Eurogroup Meetings affects the Eurozone financial health by Eurogroup coordinating the economic policies of the 17 euro area member states.

    Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded.

    Tuesday (00:50am UK time) JPY Current Account report is released. This shows the difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month.

    Tuesday (09:30am UK time) GBP Manufacturing Production m/m is released.
    This measures the change in the total inflation-adjusted value of output produced by manufacturers. This key indicator jumped 3.2% last month, its best performance in over five years. The markets are expecting a much weaker for the September reading, with an estimate of 0.6%.

    Good luck
    ilearn2t

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