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PCM
06-08-2013, 12:16 PM
All Currencies Upcoming News will be posted in this section

Amir
06-26-2013, 07:35 AM
BoE's (BANK OF ENGLAND) Governor King Speech (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=e5bce775-c8bc-4183-b872-cacbfe0d5331)


Speaker BOE Governor Mervyn King



Live Speach Time
09:30 AM GMT
Impact : High



The BoE (http://www.bankofengland.co.uk/) Chairman Mervyn King (http://www.bankofengland.co.uk/about/people/biographies/king.htm) head of BOE’s Monetary policy Committee (MPC) which controls interest rates.

King has more influence over nation’s currency value than any other person.
As he gives a press conference as to how the BoE observes the current UK economy and the value of the GBP.

Traders scrutinize his public engagements as they are often used to subtle clues regarding future monetary policy

His comments may determine a short-term positive or negative trend.

If he shows a hawkish outlook, that is seen as positive (or bullish) for the GBP,

While a dovish is seen as negative (or bearish) for the GBP.

Amir
06-26-2013, 07:51 AM
Gross Domestic Product (Annualized (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=5f64264e-5097-4359-b60f-fb9b01229068))




News release Time
12:30 PM GMT
Actual : -
Forecast : 2.4
Previous : 2.4

Impact : HIGH



The Gross Domestic Product annualized released by the US Bureau of Economic Analysis (http://www.bea.gov/) .
It shows the monetary value of all the goods, services and structures produced within a country in a given period of time.
It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing.
It is the broadest measure of economic activity and the primary indicator of the economy’s health

While this is q/q data, it's reported in an annualized format (quarterly change x4).
The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected.
There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final.
The Advance release is the earliest and thus tends to have the most impact;

A higher than expected reading should be taken as positive / bullish for the USD,

While a lower than expected reading should be taken as negative / bearish for the USD.

Amir
06-27-2013, 07:37 AM
Unemployment Rate s.a. (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=c5270c56-b089-488e-97d8-13d47fec774f)




News release Time
07:55 AM GMT
Actual : -
Forecast :6.9
Previous :6.9

Impact : High


The Unemployment Change released by the Bundesagentur für Arbeit (http://www.arbeitsagentur.de/nn_27908/Navigation/Startseite/Startseite.html) and published by the German Statistics Office (https://www.destatis.de/EN/Homepage.html) is a measure of the change in the number of unemployed people in Germany.
A rise in this indicator has negative implications for consumer spending which encourages economic growth.

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;

A higher than expected reading should be taken as positive / bullish for the EUR,

While a lower than expected reading should be taken as negative / bearish for the EUR.

Amir
06-27-2013, 07:43 AM
Gross Domestic Product (YoY) (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=cafae3e0-3d9a-43f4-876c-ec7490465d3e)




News release Time
08:30 AM GMT
Actual : -
Forecast :0.6
Previous :0.6

Impact : High



The Gross Domestic Product released by the National Statistics (http://www.statistics.gov.uk/) is a measure of the total value of all goods and services produced by the UK.
The GDP is considered as a broad measure of the UK economic activity.

An indicator for broad overall growth in the United Kingdom. Robust UK GDP growth signals a heightened level of economic activity, and therefore a high demand for currency.
Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates.
Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated.

A higher than expected reading should be taken as positive / bullish for the GBP,
While a lower than expected reading should be taken as negative / bearish for the GBP.

The Previous is from the Second Estimate release and therefore the 'History' data will appear unconnected.
There are 3 versions of GDP released a month apart - Preliminary, Second Estimate, and Final.
The Preliminary release is the earliest and thus tends to have the most impact;

Amir
06-28-2013, 08:28 AM
Currency: CAD



GDP (MoM)




News release Time
04:30 PM GMT
Actual : -
Forecast :0.1
Previous :0.2

Impact : High





The Gross Domestic Product (GDP) released by the Statistics Canada (http://www.statcan.gc.ca/start-debut-eng.html) is a measure of the total value of all goods and services produced by Canada.
The GDP measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
It is the broadest measure of economic activity and the primary indicator of the economy's health.
Canada releases fresh GDP data on a monthly basis.

A higher than expected reading should be taken as positive / bullish for the CAD.

while a lower than expected reading should be taken as negative / bearish for the CAD.

Amir
07-01-2013, 08:10 AM
1. EUR Euro-Zone Consumer Price Index - Core (YoY) (JUN A)


News release Time
13.00 PM Dubai Time
09:00 AM GMT
Actual : -
Forecast : 1.5
Previous : 1.4
Impact : High



The Euro Zone CPI (Consumer Price Index) released by the Eurostat (http://ec.europa.eu/eurostat) captures the changes in the price of goods and services.
The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone
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.

Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR,

While a low reading is seen as negative (or bearish) for the EUR.


2. USA’s ISM Manufacturing (JUN)



News release Time
18.00 PM Dubai Time
14:00 PM GMT
Actual : -
Forecast : 50.5
Previous : 49.5
Impact : High



The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector
It is a significant indicator of the overall economic condition in US.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

A result above 50 is seen as positive (or bullish) for the USD,

Whereas a result below 50 is seen as negative (or bearish) for the USD.

Raam
07-01-2013, 09:21 AM
EUR/AUD HOVERING ABOVE 1.4200

With all major data coming out of China already published for the Asia-Pacific session, EUR/AUD cross is last trading at 1.4205 off fresh session lows at 1.4189, printed on the back of Aussie strength, that has posted session highs above 0.9175 USD following better than expected China PMI's.

Still higher year to date

The cross is still up 11.9% year to date, and +15.75% higher in last 3 months, despite being now in the negative for the week so far, following an early 1-week high at 1.4289 printed in the interbank pre-market. The RBA will be meeting tomorrow, while the ECB will do so on Thursday, with the US markets closed for holiday.

Key technical levels

Immediate support to the downside for EUR/AUD lies at recent session/June 21 lows 1.4190, followed by June 24 lows at 1.4165, and Friday's Asian session highs at 1.4157. To the upside, closest resistance shows at June 25 highs 1.4253, followed by mentioned recent session highs at 1.4289, and June 24 highs at 1.4318.

Raam
07-02-2013, 08:20 AM
AUD/USD DIPS BELOW 0.9230 AS RBA NEARS


With increasing chatter about a rate cut today coming from the RBA, even though market consensus according to Reuters is for a hold at current 2.75%,
The Aussie has recently sold off from session and double weekly high so far at the 0.9250 USD level, last trading at 0.9220, off fresh session lows at 0.9207.

Positive bias in the short term

The AUD/USD maintains “the positive bias at least in the short term, with price well above a bullish 20 SMA and indicators standing in positive territory.” The analyst notes more resistance in the longer time frames, “capped by 20 SMA barely above current price,

while indicators head north still below their midlines,” in the 4H charts,A steady continuation above 0.9250 should anticipate more advances, yet back below 0.9200 the downside is exposed back towards 0.9100.”

Key technical levels

The important support levels at: 0.9190, 0.9150 and 0.9110, while resistance levels at: 0.9235, 0.9270 and 0.9310.

Amir
07-02-2013, 08:30 AM
1. Australia’s RBA Interest Rate Decision (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=97e8d83b-a333-4be6-8cf9-1f4fa9f9789d)


News release Time
18.30 PM Dubai Time
04:30 PM GMT
Actual : -
Forecast : 2.75
Previous : 2.75

Impact : High


RBA Interest Rate Decision is announced by the Reserve Bank of Australia (http://www.rba.gov.au/).
Reserve Bank of Australia (RBA) board members come to a consensus on where to set the rate.
Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
It's among the primary tools the RBA Reserve Bank Board 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.


If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD.
Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish for the AUD.

Raam
07-03-2013, 06:59 AM
NZD/USD 9 DAYS ALREADY HOVERING AROUND 0.7750


The NZD/USD foreign exchange rate is last trading at 0.7751, around session lows, but still little moved in last 9 trading days, holding ground above the 0.77 round bid line.

NZD/USD volatility dropping

With all eyes now in neighbor's Australia retail sales and trade balance data , The Kiwi dollar is trapped inside a very narrow trading range 0.7767/0.7735,

Making volatility to dramatically slow down, last around the 128 pips per day on average for last 14 trading days.

NZD/USD Key technical levels

The Immediate support to the downside for NZD/USD lies at yesterday's lows 0.7735, followed by Friday's/June 20 lows at 0.7710, and June 24 fresh 1-year lows at 0.7681.

Closest resistance to the upside shows at recent session highs at 0.7768, followed by June 25 highs at 0.7798, and Monday's/Tuesday's weekly highs at 0.7830.

Amir
07-03-2013, 08:57 AM
USA’s ADP Employment Change (http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=4f50e4f8-cd33-428b-b721-5fb620b7f097)



News release Time
16.15 PM Dubai Time
12:15 PM GMT
Actual : -
Forecast : 160 K
Previous : 135 k

Impact : High


The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.
The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. The change in this indicator can be very volatile.
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations.


A higher than expected reading should be taken as positive / bullish for the USD.
While a lower than expected reading should be taken as negative / bearish for the USD.






USA’s Initial Jobless Claims



News release Time
16.30 PM Dubai Time
12:30 PM GMT
Actual : -
Forecast : 345 K
Previous : 346 k

Impact : High


The Initial Jobless Claims released by the US Department of Labor (http://www.dol.gov/) is a measure of the number of people filing first-time claims for state unemployment insurance.
In other words, it provides a measure of strength in the labor market.

This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extreme
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;

A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

Generally a decreasing number should be taken as positive or bullish for the USD.
And a increasing number should be taken as negative or bearish for the USD.