FOREXYARD: Forex News Blog

---

Key Economic Events Taking Place Next Week Posted: 06 Apr 2012 05:40 AM PDT There will be a number of economic events expected to stir up the financial markets in the second week of April. The reports include the U.S and Canadian Trade Balance,U.S consumer price index,Bank of Japans Rate Decision and monetary policy,Federal Budget Balance and U.S Jobless claims. Monday :U.S. Federal Budget Balance: This report will show the changes in the U.S federal balance for March 2012. It also indicates the government debt growth and could therefore affect the U.S dollar. The previous report in February resulted in the deficit sharply rising by $231 billion. Tuesday: Bank of Japan’s Rate Decision and Monetary Policy Statement will be published. The BoJ will decide on its interest rate and monetary policy. Up until no, the Bank of Japan has left the interest rate unchanged at 0 to 0.1 percent. If the BOJ decide to introduce monetary stimulus plans, it could potentially affect the Yen as well as commodities prices due to the fact that Japan is among the leading countries in importing commodities including crude oil. Thursday:Canadian Trade Balance- Figures from the January 2012 report showed a decrease in exports of 2.3 percent whilst imports fell 0.6 percent. The report could possibly affect the movements of the Canadian dollar which has a strong correlation to crude oil. Thursday: U.S. Producer Price Index: This report will present the progress in the PPI during March 2012. In the February report the index for finished goods rose slightly by 0.4 percent compared to January's rate and showed an overall increase of 3.3 percent for the past 12 months.This report from the U.S could have an impact on precious metal prices. There is a strong possibility that the key economic reports scheduled for release next week will have an impact on the currency and commodity markets.

Euro Hits 3-Week low Due to Turmoil With Spanish Bonds Posted: 05 Apr 2012 12:50 PM PDT The 17-nation currency continues its downward spiral as the U.S Dollar made further gains versus the Euro and other Major counterparts. Turmoil in the Spanish Bond’s Market was heavily responsible for adding extra pressure on the euro as it traded down to a three -week low. The euro dropped to the $1,3063 level from $1,3139, the rate it reached during Wednesday’s trading. The latest rise in Spanish and Italian bond yields has put heavy pressure on the single currency,after the euro had rallied on and off since the start of the year after the European Central Bank proposed huge long-term re-financing which eased concern of the debt crisis. Yields on Spain’s 10-year government bonds was at the highest rate since December after appreciating to 5.78 percent. whilst Italy’s 10-year yields climbed as high as 5.54 percent, reaching its highest point since February. Elsewhere the Greenback made further gains during Thursday’s trading as a result of the U.S Initial Jobless Claims showed a dip to 357,000, positive news for dollar. The Non-farm Payrolls report to be published tomorrow could stir up the currency and commodity markets if the report will show surprising results.

You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610