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Latest Forex News On 15 December 2016 | Forexing24

Latest Forex News On 15 December 2016 | Forexing24

Latest Forex News On 15 December 2016 | Forexing24

Latest Forex News: FOMC Statement

Currency NameNews Name     Actual   Forecast  Previous
USDFOMC Statement
SourceLatest Release
MeasureMore hawkish than expected = Good for currency;
Usual EffectScheduled 8 times per year;
FrequencyThe FOMC usually changes the statement slightly at each release. It’s these changes that traders focus on;
Why Trade CareIt’s the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;
Derived ViaInterest Rate Statement, Fed Statement, Monetary Policy Statement;

Federal Funds Rate

Currency NameNews Name     Actual   Forecast  Previous
USDFederal Funds Rate<0.75%<0.75%<0.50%
SourceLatest Release
MeasureInterest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;
Usual EffectActual > Forecast = Good for currency;
FrequencyScheduled 8 times per year;
Why Trade CareShort term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future;
Derived ViaFOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement;

FOMC Press Conference

Currency NameNews Name     Actual   Forecast  Previous
USDFOMC Press Conference
SourceLatest Release
MeasureFederal Reserve Chair;
Usual EffectMore hawkish than expected = Good for currency;
FrequencyScheduled 4 times per year;
Why Trade CareIt’s among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
Also CalledChair’s Press Briefing;

Latest Forex News: Employment Change

Currency NameNews Name     Actual   Forecast  Previous
AUDEmployment Change39.1K17.6K15.2K
SourceLatest Release
MeasureChange in the number of employed people during the previous month;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 15 days after the month ends;
Why Trade CareJob creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
FF NotesThis is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;

Official Bank Rate

Currency NameNews Name     Actual   Forecast  Previous
Official Bank Rate???0.25%0.25%
SourceLatest Release
MeasureInterest rate at which the BOE lends to financial institutions overnight;
Usual EffectActual > Forecast = Good for currency;
FrequencyScheduled monthly;
Why Trade CareShort term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future;
Derived ViaMPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes;

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Saimon Akash

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