EUR/USD Intra-Day Fundamentals: U.S. Advance Retail Sales and 14 pips range price movement
2016-03-15 12:30 GMT | [USD - Retail Sales]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Retail Sales] = Change in the total value of sales at the retail level.
EURUSD M5: 14 pips range price movement by U.S. Advance Retail Sales news event
Trading News Events: U.K. Claimant Count Change (based on the article)
Even though the EU referendum clouds the economic outlook for the U.K., a
further improvement in labor-market dynamics may spur a split within
the Bank of England (BoE) as central bank officials remain upbeat on the
economy and see a risk of overshooting the 2% inflation-target over the
Nevertheless, waning confidence along with the slowdown in service-based
activity may drag on employment, and a dismal labor report may produce
near-term headwinds for the sterling as it market participants push out
bets for a BoE rate-hike.
How To Trade This Event Risk
Bullish GBP Trade: U.K. Job/Wage Growth Exceed Market Forecast
GBP/USD Intra-Day Fundamentals: UK Jobless Claims and 30 pips range price movement
2016-03-16 09:30 GMT | [GBP - Claimant Count Change]
if actual < forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Claimant Count Change] = Change in the number of people claiming unemployment-related benefits during the previous month.
GBPUSD M5: 30 pips range price movement by UK Jobless Claims news event
EUR/USD Intra-Day Fundamentals: U.S. Consumer Price Index and 20 pips price movement
2016-03-16 12:30 GMT | [USD - CPI]
[USD - CPI] = Change in the price of goods and services purchased by consumers.
"The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.2 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment."
EURUSD M5: 20 pips price movement by U.S. Consumer Price Index news event
Trading News Events: FOMC Federal Funds Rate (based on the article)
Why Is This Event Important:
The FOMC may continue to prepare U.S. households and businesses for
higher interest rates especially as the economy approaches
‘full-employment,’ and the central bank may sound more hawkish this time
around as Chair Janet Yellen remains confident in achieving the 2%
inflation-target over the policy horizon.
However, waning confidence paired with subdued wage growth may prompt to
Fed to adopt a more cautious tone this time around, and the dollar
stands at risk of facing near-term headwinds should the central bank
show a greater willingness to further delay the normalization cycle.
How To Trade This Event Risk
Bullish USD Trade: FOMC to Stay on Course to Further Normalize Policy in 2016
EUR/USD Intra-Day Fundamentals: FOMC Federal Funds Rate and 14 pips range price movement
2016-03-16 18:00 GMT | [USD - Federal Funds Rate]
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the
Federal Reserve to other depository institutions overnight.
"Consistent with its statutory mandate, the Committee seeks to foster
maximum employment and price stability. The Committee currently expects
that, with gradual adjustments in the stance of monetary policy,
economic activity will expand at a moderate pace and labor market
indicators will continue to strengthen. However, global economic and
financial developments continue to pose risks. Inflation is expected to
remain low in the near term, in part because of earlier declines in
energy prices, but to rise to 2 percent over the medium term as the
transitory effects of declines in energy and import prices dissipate and
the labor market strengthens further. The Committee continues to
monitor inflation developments closely.
Against this backdrop, the Committee decided to maintain the target
range for the federal funds rate at 1/4 to 1/2 percent. The stance of
monetary policy remains accommodative, thereby supporting further
improvement in labor market conditions and a return to 2 percent
EURUSD M5: 14 pips range price movement by FOMC Federal Funds Rate news event
AUD/USD Intra-Day Fundamentals: Australia Jobless Rate and 64 pips price movement
2016-03-17 00:30 GMT | [AUD - Unemployment Rate]
if actual < forecast (or previous one) = good for currency (for AUD in our case)
[AUD - Unemployment Rate] = Percentage of the total work force that is unemployed and actively seeking employment during the previous month.
AUDUSD M5: 64 pips price movement by Australia Jobless Rate news event
Technical Targets for GBP/USD by United Overseas Bank (based on the article)
GBP/USD: ranging bullish - 1.4311 resistance to be broken for the strong bullish trend to be continuing
is located above 100 period SMA and 200 period SMA for
the primary bullish market condition with the secondary ranging: the
price is ranging within 1.4311 resistance and S1 Yearly Pivot level at 1.4222.
RSI indicator is estimating the secondary ranging to be continuing.
EUR/USD Intra-Day Fundamentals: Euro-Zone Trade Balance and 45 pips price movement
2016-03-17 10:00 GMT | [EUR - Trade Balance]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - Trade Balance] = Difference in value between imported and exported goods and services during the reported month.
"The first estimate for euro area (EA19) exports of goods to the rest of the world in January 2016 was €145.3 billion, a decrease of 2% compared with January 2015 (€148.0 bn). Imports from the rest of the world stood at €139.1 bn, a fall of 1% compared with January 2015 (€140.9 bn). As a result, the euro area recorded a €6.2 bn surplus in trade in goods with the rest of the world in January 2016, compared with +€7.1 bn in January 2015. Intra-euro area trade remained stable at €132.5 bn in January 2016 compared with January 2015."
EURUSD M5: 45 pips price movement by Euro-Zone Trade Balance news event
GBP/USD Intra-Day Fundamentals: Bank of England Rate Decision and 41 pips price movement
2016-03-17 12:00 GMT | [GBP - Official Bank Rate]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Official Bank Rate] = Interest rate at which the BOE lends to financial institutions overnight.
"The Bank of England’s Monetary Policy Committee (MPC) sets
monetary policy to meet the 2% inflation target and in a way that helps
to sustain growth and employment. At its meeting ending on 16 March
2016, the MPC voted unanimously to maintain Bank Rate at 0.5%. The
Committee also voted unanimously to maintain the stock of purchased
assets financed by the issuance of central bank reserves at £375
GBPUSD M5: 41 pips price movement by Bank of England Rate Decision news event