Latest news Market News

Important Forex News On 28 November 2016 | Forexing 24

Important Forex News On 28 November 2016 | Forexing 24

Important Forex News On 28 November 2016 | Forexing 24

Important Forex News: ECB President Draghi Speaks

Currency NameNews Name     Actual   Forecast  Previous
EURECB President Draghi Speaks
DescriptionDue to testify about the European Central Bank’s perspective on economic and monetary developments and the consequences of the Brexit before the European Parliament’s Economic Committee, in Brussels;
SourceLatest Release
SpeakerECB President Mario Draghi;
Usual EffectMore hawkish than expected = Good for currency;
FF NotesECB President Nov 2011 – Nov 2019. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Trade CareAs head of the ECB, which controls short term interest rates, he has more influence over the euro’s value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Acro ExpandEuropean Central Bank (ECB);

BOC Gov Poloz Speaks

Currency NameNews Name     Actual   Forecast  Previous
CADBOC Gov Poloz Speaks
DescriptionDue to deliver a speech titled “The Role of Services in Canada’s Economy” at the C.D. Howe Institute Annual Benefactors’ Lecture, in Toronto;
SourceLatest Release
SpeakerBOC Governor Stephen Poloz;
Usual EffectMore hawkish than expected = Good for currency;
FF NotesBOC Governor Jun 2013 – May 2020. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues;
Why Trade CareAs head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Acro ExpandBank of Canada (BOC);

CB Consumer Confidence

Currency NameNews Name     Actual   Forecast  Previous
USDCB Consumer Confidence???101.398.6
SourceLatest Release
MeasureLevel of a composite index based on surveyed households;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the last Tuesday of the current month;
Why Trade CareFinancial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaSurvey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation;

About the author

Saimon Akash

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *


Topics

forexing24-ad-1

forexing24-ad-2

  • analystfx-small.jpg
  • analystfx-small.jpg
  • medium.jpg
  • medium.jpg
  • medium.jpg
  • medium.jpg

Recommended Forex Broker

  • banner-300x250-gif-animation-2.gif