Trading the News: European Central Bank Interest Rate Decision (based on dailyfx.com article)
The European Central Bank (ECB) is widely expected to adopt a more
dovish tone for monetary policy as the Governing Council remains poised
to implement more non-standard measures in 2014.
Time of release: 12/05/2013 12:45 GMT, 7:45 EST
Primary Pair Impact: EURUSD
Why Is This Event Important:Given the recent headlines surrounding the ECB, there may be little in
terms of new surprises as the Governing Council looks at a range of
policy tools (Negative Deposit Rates, Long-Term Refinancing Operations,
and Quantitative Easing), but the Euro may struggle to hold its ground
following the policy meeting should President Mario Draghi layout a more
detailed schedule for its easing cycle.Bearish EUR Trade: ECB Lays Out Detailed Easing Schedule
Potential Price Targets For The Rate Decision
2013-12-05 12:00 GMT (or 13:00 MQ MT5 time) | [GBP - Interest Rate]
if actual > forecast = good for currency (for GBP in our case)
BoE Leaves Rates Unchanged; Osborne Upgrades GDP Outlook
The Bank of England left
its key policy rates unchanged on Thursday, while Chancellor of
Exchequer George Osborne said in his autumn statement that the economy is better placed than they had expected early this year.
his 2013 Autumn Statement, Osborne said Britain's economic plan is
working and the hard work of the British people is paying off. The
economic growth forecast for 2013 was more than doubled to 1.4 percent
from 0.6 percent, he told lawmakers.
According to estimates by
the Office for Budget Responsibility, the economy will grow 2.4 percent
next year, up from the 1.8 percent projected in March.
The Trading System Development Step-By-Step Process (based on thetechnicaltraders article)
Trading the News: U.S. Non-Farm Payrolls (based on dailyfx article)
The U.S. economy is expected to add another 185K jobs in November and a
positive development may highlight a bullish outlook for the dollar as
it raises the Fed’s scope to taper the asset-purchase program at the
December 17-18 meeting.
Time of release: 12/06/2013 13:30 GMT, 8:30 EST
Primary Pair Impact: EURUSD
Forecast: 160K to 200K
Why Is This Event Important:
A further improvement in the U.S. labor market may spark a more material
shift in the policy outlook as the Fed retains its forward-guidance for
monetary policy, and we may see a growing number of central bank
officials show a greater willingness to move away from the easing cycle.
How To Trade This Event Risk
Bullish USD Trade: NFP Increases 185K+; Unemployment Slips to 7.2%
2013-12-06 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Non-Farm Employment Change]
if actual > forecast = good for currency (for USD in our case)
U.S. Employment Increases By More Than Expected In November
In another upbeat sign for the U.S. labor market, the Labor
Department released a report on Friday showing stronger than expected
job growth in the month of November.
The report showed that
non-farm payroll employment rose by 203,000 jobs in November following a
revised increase of 200,000 jobs in October.
Gold at important cycle points (based on dailyf article)
Bitcoin Gets Valued: Bank Of America Puts A Price Target On The Virtual Tender
Today, Bank of America became the first major finical institution to initiate analyst coverage of Bitcoin.
But Bitcoin is highly volatile. Thursday alone it hit a high of $1,240
before tumbling down to $870 on news that the Chinese government has
restricted banks from using it. The value is back up to around $1,100
since that early morning low.
Please stop vendetta :)