We start the week with some interesting news and speeches, Janet Yellen in the US, Jean-Claude Trichet in Europe, Mervyn King in Britain and more exciting news coming up. Let’s see what awaits us today.
In the US, Federal Reserve Governor Janet Yellen; delivers a speech titled “Macroprudential Supervision and Monetary Policy in the Post-Crisis World” at the Annual Meeting of the National Association for Business Economics, in Denver, engagements are often used to drop subtle clues regarding future monetary policy;
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECBP) resident Jean-Claude Trichet, speaks at the 2010 Mortimer Caplin Conference on the World Economy “Banking on Central Banks?” organised by the Miller Center of Public Affairs – University of Virginia, in Washington DC. engagements as they are often used to drop subtle clues regarding future monetary policy.
Also In Europe, French Industrial Production, the total inflation-adjusted value of output produced by manufacturers, mines, and utilities is about to droop down by 6%. It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Bank of England (BOE) Governor Mervyn King, Due to participate in a panel discussion at the Caplin Conference, in Washington DC. Engagements as they are often used to drop subtle clues regarding future monetary policy.
More in Great Britain, Bank of England (BOE), Due to speak at the Institute of International Bankers Regulatory Dialogue, in Washington DC, BOE MPC members vote on where to set the nation’s key interest rates and their public.
Later in Britain, Royal Institution of Chartered Surveyors (RICS), the Level of a diffusion index based on surveyed property surveyors is about to drop down by 2%, and surveyors have access to the most recent price data by virtue of their job;
Finally in Britain, British Retail Consortium (BRC) Sales Monitor is stabilized on 1%.
Read more about the Pound in the GBP/USD forecast.
Day 3 for International Monetary Fund (IMF), IMF meetings are usually held twice a year and are attended by the representatives of IMF and the World Bank. Meetings are open to the press and officials usually talk with reporters throughout the day. A formal statement covering policy shifts and meeting objectives is released after the meetings have concluded. Both the comments and statement can create market volatility; The IMF oversees the international monetary system and monitors the financial and economic policies of its 186 member’s countries. It provides policy advice and can agree funding support when countries face severe difficulties. Hence, their meetings, forecasts and comments on international policies can impact the currency markets.
That’s it for today. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
Share
