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.European Central Bank President Draghi Speaks 08.00GMT
Mario Draghi is an economist who has been governor of the Bank of Italy and succeeded Jean Claude Trichet as President of the European Central Bank starting November 2011. As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person. His comments may determine a short-term positive or negative trend.
02.Bank of England Inflation Report 12.00GMT
The Bank of England (BOE) Inflation Report sets out the detailed economic analysis and inflation projections upon which the bank's Monetary Policy Committee bases its interest rate decisions and presents an assessment of the prospects for U.K. inflation over the following two years. The report is released quarterly.
03.U.K. Interest Rate Decision 12.00GMT
Bank of England (BOE) monetary policy committee 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 GBP, while a lower than expected rate is negative/bearish for the GBP.
04.Bank of England Governor Carney Speaks 12.45GMT
Bank of England (BOE) Governor Mark Carney is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Carney has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may spark a short-term positive or negative trend.
05.U.S. Factory Orders MoM 15.00GMT
Factory Orders measures the change in the total value of new purchase orders placed with manufacturers. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders.
Previous : -0.2%
Expected: -2.8%
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.
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.
