Forex News Events

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Gbp cpi

After reaching 3.2% from 3.1%, the change in the price of goods and services purchased by consumers seems to be comfortable with this level and thus, make this rate as its sustainable growth rate. This time, the data is expected to post a 3.1% increase from 3.2% in October. I will remain bullish this coming release of Pound.

 

AUD MI Inflation Expectations

The inflation forecast last October went down by 0.7% from the forecast in September. This time, an increase from the 3.1% forecasted inflation rate will help the AUD to strengthen.

 

USD Federal Funds Rate

After slowing down at 0.4 percent last month, USD Retail Sales in projected this time to strike at 0.7 percent increase for the November data. This only implies an increase in the consumer spending. Expect the dollar to go up.

 

AUD NAB Business Confidence

In currency trading the Asian session today (12-10), seen the AUD currency weakened against the U.S. Dollar. Pair AUD/USD when it was observed to move in the range of 0.9800 than the opening price this morning at around 0.9838.This morning has been released data Australia NAB Business Confidence for the period from September 2010, where the index recorded a slight decrease to 10 compared to the previous period amounting to 11.Technically, the AUD remained bullish. Weakening that happens quite reasonable considering the AUD hung in overbought zone in a long time.

 

GBP RICS House Price Balance

GBP RICS House price index will once again bring pessimism for UK. Housing price is once again expected to go down. Last month it was shown a -36% fall, and now it projecting to decrease at -39% which could affect the currency, thus I will remain bearish on Great Britain Pound.

 

Usd ppi

Higher producer price shows increase in inflationary pressure. Federal Reserve also wants to increase inflation and the improving data today is a sign of effective policies. This gives positive effect to the greenback.

 

AUD CB Leading Index

This indicator disappointed economists last month with its -0.1% reading. As of now, economists expect it to rebound and post a 0.2% increase on its release. This could help the Aussie close higher going to the holidays.

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