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We’ll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here’s the forecast:
6:45pm (NY Time) NZ CPI q/q Forecast 0.5% Previous 0.4%
ACTION: NZD/USD BUY 0.8% SELL 0.2%
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month. The majority of analysts agree to this sentiment as according to ECB, it is will keep rates unchaged until 2011 or at the very least, towards the end of 2010 before tightening of their monetary policy. As a matter of fact, according to Credit Suisse Overnight Swap Index, there is zero percent of change for ECB to hike rates during this meeting.
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) will probably once again leave its minimum bid rate at 1.00% or unchanged this month. The majority of analysts agree to this sentiment as according to ECB, it is will keep rates unchaged until 2011 or at the very least, towards the end of 2010 before even considering tightening of their monetary policy.
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month. The majority of analysts agree to this sentiment as according to ECB, it is will keep rates unchaged until 2011 or at the very least, towards the end of 2010 before tightening of their monetary policy.
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month. The majority of analysts agree to this sentiment as according to ECB, it is will keep rates unchaged until 2011.
Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially Greece, Spain, Portugal, and Italy… As a matter of fact, even with the Austerity Measures issued by Greece yesterday, the risk of a sovereign default is still possible.
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) is expected to leave its official interest rate at 1.00% or unchanged once again this month. The majority of analysts surveyed seems to agree to this sentiment as ECB is likely to keep rates unchaged at the current level until 2011 as the Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially Greece… As a matter of fact, should Greece default from unable to fulfill its debt obligations, the entire Euro Zone will suffer greatly and EUR could depreciate even below parity against the USD.
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8:30am NY Time Canada GDP m/m Forecast 0.4% Previous -0.1% ACTION: USD/CAD BUY 0.1% SELL 0.7% Today we’ll be trading the Canadian GDP month on month release, … [Read More...]
This is what I wrote in my Weekly Outlook this week... I usually don't post much from my Weekly Outlook to my blog, this is to protect my paying subscribers, but with the NFP on Friday and current market … [Read More...]
10:00am (NY Time) US ISM Manufacturing PMI Forecast 46.4 Previous 44.8 ACTION: USD/JPY BUY 49.0 SELL … [Read More...]
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