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Important Forex News On 17 January 2017

Important Forex News On 17 January 2017

Important Forex News On 17 January 2017

Important Forex News: CPI y/y

Currency NameNews Name     Actual   Forecast  Previous
GBPCPI y/y???1.4%1.2%
SourceLatest Release
MeasureChange in the price of goods and services purchased by consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 16 days after the month ends;
Why Trade CareConsumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of various goods and services are sampled and then compared to the sampling done a year earlier;

Important Forex News: GDT Price Index

Currency NameNews Name     Actual   Forecast  Previous
NZDGDT Price Index???-3.9%
SourceLatest Release
MeasureChange in the average price of dairy products sold at auction;
Usual EffectActual > Forecast = Good for currency;
FrequencySource does not give an exact release time – this event will be listed as ‘Tentative’ until the data is released. Source changed release frequency from monthly to twice per month as of Sep 2010;
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;

Treasury Sec Lew Speaks

Currency NameNews Name     Actual   Forecast  Previous
USDTreasury Sec Lew Speaks
SourceLatest Release
MeasureDue to speak about tax reform, trade, the economy, dealing with China, and lessons learned from his time in office, in an exit interview at CNBC’s Squawk on the Street, via satellite;
Usual EffectUS Treasury Secretary Jack Lew;
FrequencyUS Treasury Secretary Feb 2013 – Jan 2017. He speaks frequently on a broad range of subjects – only speeches that might have direct market impact are listed on the calendar;
Why Trade CareIt’s the Treasury Secretary’s job to communicate the US President’s economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments;
Derived ViaUS Treasury Secretary Jack Lew;

Prime Minister May Speaks

Currency NameNews Name     Actual   Forecast  Previous
GBPPrime Minister May Speaks
SourceLatest Release
MeasureDue to speak about details of the United Kingdom’s exit from the European Union, in London;
Usual EffectUnited Kingdom Prime Minister Theresa May;
FrequencyShe speaks frequently on a broad range of subjects – only speeches that might have direct market impact are listed on the calendar;
Why Trade CareIt’s the Treasury Secretary’s job to communicate the US President’s economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments;
Derived ViaUS Treasury Secretary Jack Lew;

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Saimon Akash

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