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Important Forex News On 18 December 2016 | Forexing24

Important Forex News On 18 December 2016 | Forexing24

Important Forex News On 18 December 2016 | Forexing24

Important Forex News: German Ifo Business Climate

Currency NameNews Name     Actual   Forecast  Previous
EURGerman Ifo Business Climate???110.7110.4
SourceLatest Release
MeasureLevel of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, around 3 weeks into the current month;
Why Trade CareIt’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived ViaSurvey of about 7,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months;

BOJ Policy Rate

Currency NameNews Name     Actual   Forecast  Previous
JPYBOJ Policy Rate
SourceLatest Release
MeasureInterest rate levied on excess current account balances held at the BOJ;
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 ViaBOJ Policy Board members come to a consensus on where to set the rate;

BOJ Press Conference

Currency NameNews Name     Actual   Forecast  Previous
JPYBOJ Press Conference
SourceBank Of Japan
MeasureBOJ Governor;
Usual EffectMore hawkish than expected = Good for currency;
FrequencyScheduled 8 times per year;
Why Trade CareIt’s among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy;
FF NotesSource does not give an exact start time – the event will be listed as ‘Tentative’ until the press conference begins. Source changed release frequency from about 14 times per year to eight times per year as of Jan 2016;

GDT Price Index

Currency NameNews Name     Actual   Forecast  Previous
NZDGDT Price Index???4.5%3.5%
SourceLatest Release
MeasureChange in the average price of dairy products sold at auction;
Usual EffectActual > Forecast = Good for currency;
FrequencyTwice per month;
Why Trade CareIt’s a leading indicator of the nation’s trade balance with other countries because rising commodity prices boost export income;
Derived ViaThe weighted-average price of the 9 dairy products sold at auction are sampled and then compared to the previous sampling;

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Saimon Akash

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