2013-02-11 00:30 GMT (or 01:30 MQ MT5 time) | [AUD - House Price Index]
if actual > forecast = good for currency (for AUD in our case)
Australia Q4 House Prices Rise 3.4% On Quarter
House prices in Australia climbed 3.4 percent in the fourth quarter
of 2013 compared to the previous three months, the Australian Bureau of
Statistics said on Tuesday.
That beat forecasts for an increase of
3.0 percent following the upwardly revised gain of 2.4 percent in the
third quarter (originally 1.9 percent).
2013-02-11 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
Due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC
Europe Stocks Rise as Yellen Says Jobs Recovery Not Over
European stocks rose, with the Stoxx
Europe 600 Index climbing for a fifth day, as Federal Reserve
Chairman Janet Yellen said more work is needed to restore the
labor market to health.
Fed chair Janet Yellen promises 'continuity,' further stimuls reduction
U.S. Federal Reserve Chair Janet Yellen
says that if the economy keeps improving, the U.S. central bank will
take "further measured steps" to reduce the support it's providing
through monthly bond purchases.
In her first public comments since taking over
the top Fed job last week, Yellen said Tuesday that she expects a
"great deal of continuity" with her predecessor, Ben Bernanke. She
signalled that she supports his view that the economy is strengthening
enough to withstand a pullback in stimulus but that interest rates
should stay low to fuel further growth.
USDCAD Technical Analysis (based on dailyfx article)
2013-02-12 02:00 GMT (or 03:00 MQ MT5 time) | [CNY - Trade Balance]
if actual > forecast = good for currency (for CNY in our case)
AUD buyers cheer up 'unbelievable' Chinese trade numbers
The Australian and New Zealand currencies were the main beneficiary of
an astonishingly strong China trade balance, catching most of the
players by surprise.
Yellen's Testimony, Chinese Data Upbeat As BoE Hints At Future Rate Hike (based on Forbes article)
Considering the news flow, which has been generally positive for risk,
the foreign exchange (forex) market remains tightly contained. This is
nothing new; currency ranges have been controlled and handcuffed by
central bank monetary policy for the past 18-months. Until there is a
clear, distinct break in global interest rates, central banks will
continue to play the same tune. Investors lean heavily on guidance, and
with Federal Reserve Chair Janet Yellen's debut grilling at the hands of
the House of Representatives yesterday, the market was looking for any
'chinks in the armor' on the handover from one Fed head to the next.
Alas, it was a non-event. This morning, the spotlight falls on the Old
Lady across the pond. Will the Bank of England (BoE) disappoint? Since
assuming the BoE’s top job on July 1, 2013, Governor Mark Carney has yet
to disappoint capital markets.