Wednesday, August 07, 2013

UK Bank of England Quarterly Inflation Report

Location: United Kingdom

Date: 07/08/2013

Time: 10:30 - 11:30


Strength: 3/3

Previous:

Notes: The Bank of England quarterly publishes a report of the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years. A high reading is seen as positive (or Bullish) for the GBP, whereas a low reading is seen as negative.

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UK Mark Carney speaks at UK Parliament

Location: United Kingdom

Date: 07/08/2013

Time: 10:30 - 11:30


Strength: 3/3

Previous:

Notes: Mark Carney, New Governor of the Bank of England, will speak on UK Parliament in order to explain how monetary policy could improve the economy of the country. Her Majesty the Queen approved the appointment of Mark Carney as Governor of the Bank of England from 1 July 2013. He will succeed Sir Mervyn King and will serve a five-year term. Governor Carney will continue to serve in his current position until 1 June to ensure a smooth transition to the next Governor of the Bank of Canada.

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AU Home Loans

Location: Australia

Date: 07/08/2013

Time: 2:30 - 3:30


Strength: 2/3

Previous: 1.8% / Consensus: 2.0%

Notes: The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).

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AU RBA Assist Gov Debelle Speech

Location: Australia

Date: 07/08/2013

Time: 2:30 - 3:30


Strength: 2/3

Previous:

Notes: Guy Debelle is the Assistant Governor (Financial Markets) at the Reserve Bank of Australia, a position he has held since March 2007. In that role, he has oversight of the Bank's operations in the domestic and global financial markets, including the management of Australia's foreign reserves. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank's representative in a number of global fora, including the BIS Committee on Global Financial Stability.

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Tuesday, August 06, 2013

AU AiG Performance of Construction Index

Location: Australia

Date: 06/08/2013

Time: 0:30 - 1:30


Strength: 2/3

Previous: 39.5

Notes: Based on 120 interviews to companies, the HIA/AiG Performance of Construction Index, released by the Australia Industry Group and the Housing Industry Association, is considered as an indicator that measures the conditions on the short and medium term in the construction market. Companies answer questions related to production, employment, prices supplier deliveries, inventories and new orders. A high reading is seen as positive, or bullish for the AUD, while a low reading is seen as negative, or bearish.

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NZ Unemployment Rate

Location: New Zealand

Date: 06/08/2013

Time: 23:45 - 0:45


Strength: 2/3

Previous: 6.2% / Consensus: 6.3%

Notes: The Unemployment Rate released by the Statistics New Zealand is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the New Zealand lobar market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the NZD, while an increase is seen as negative (or bearish).

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NZ Employment Change

Location: New Zealand

Date: 06/08/2013

Time: 23:45 - 0:45


Strength: 2/3

Previous: 1.7% / Consensus: 0.4%

Notes: The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).

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US Trade Balance

Location: United States

Date: 06/08/2013

Time: 13:30 - 14:30


Strength: 2/3

Previous: -$45.03B / Consensus: -$43.10B

Notes: The Trade Balance released by the Bureau of Economic Analysis and the U.S. Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD.Review Alex Nekritin's Article - Trading US Dollar with US Trade Balance

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DE Factory Orders n.s.a. (YoY)

Location: Germany

Date: 06/08/2013

Time: 11:00 - 12:00


Strength: 2/3

Previous: -2.0% / Consensus: -0.2%

Notes: The Factory orders released by the Deutsche Bundesbank is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. It is worth noting that the German Factory barely influences, either positively or negatively, the total Eurozone GDP. A high reading is positive (or bullish) for the EUR, while a low reading is negative.

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JP Leading Economic Index

Location: Japan

Date: 06/08/2013

Time: 6:00 - 7:00


Strength: 2/3

Previous: 110.7 / Consensus: 108.0

Notes: The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. Generally speaking, a result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish.

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AU RBA Monetary Policy Statement

Location: Australia

Date: 06/08/2013

Time: 5:30 - 6:30


Strength: 3/3

Previous:

Notes: The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

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AU RBA Interest Rate Decision

Location: Australia

Date: 06/08/2013

Time: 5:30 - 6:30


Strength: 3/3

Previous: 2.75% / Consensus: 2.75%

Notes: RBA Interest Rate Decision is announced by the Reserve Bank of Australia. 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.Review Alex Nekritin's Article -Trading Australian Dollar with RBA Rate Decision

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AU Trade Balance

Location: Australia

Date: 06/08/2013

Time: 2:30 - 3:30


Strength: 2/3

Previous: 670M / Consensus: 810M

Notes: The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.Review Alex Nekritin's Article - Trading the Aussie with Australia Trade Balance

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AU House Price Index (YoY)

Location: Australia

Date: 06/08/2013

Time: 2:30 - 3:30


Strength: 2/3

Previous: 2.6% / Consensus: 3.0%

Notes: The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive or ( Bullish ) for the AUD, while a low reading is seen as negative ( or Bearish ).

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AU House Price Index (QoQ)

Location: Australia

Date: 06/08/2013

Time: 2:30 - 3:30


Strength: 2/3

Previous: 0.1% / Consensus: 1.3%

Notes: The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive or ( Bullish ) for the AUD, while a low reading is seen as negative ( or Bearish ).

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