Here are the most important news events and the impact of the particular currencies between the actual number and the expectation, this will help you to trade successfully.
01. Australia Consumer Price Index (CPI) Q4 00.30GMT
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
Previous: 0.5%
Expected: 0.3%
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
02.U.S New Home Sales (Dec) 15.00GMT
New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated.
Previous: 490K
Expected: 500K
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.
03.U.S Crude Oil Inventories 15.30GMT
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
Previous: 3.979M
Expected: 3.277M
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
04.U.S Federal Open Market Committee (FOMC) Statement. 19.00GMT
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes.
A more dovish than expected statement could be taken as negative/bearish for the USD, while a more hawkish than expected statement could be taken as positive/bullish for the USD.
05.Fed Interest Rate Decision 19.00GMT
Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
Previous: 0.50%
Expected: 0.50%
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
