Exciting Week Ahead!
The coming week promises to be an exciting one on Forex markets around the globe. Several countries will be releasing figures related to employment, production and other indicators that affect Forex opportunity. These figures will affect all global markets and could signal either a return to risk aversion or increased appetite for risk. Forex trading requires a close monitoring of world markets to seize Forex opportunities as they occur. Here is this week’s schedule—
Monday December 15
00:01 United Kingdom Rightmove House Price Index –
December
08:15 Switzerland Producer and Import Prices –
November
13:30 United States NY Empire State Manufacturing Index –
December
14:00 United States Net Long-term TIC Flows –
October
14:15 United States Industrial Production –
November
17:30 European Monetary Union ECB Trichet’s Speech
Tuesday December 16
00:30 Australia RBA Meeting’s Minutes –
December
09:30 United Kingdom Consumer Price Index –
November
n/a United Kingdom BoE Inflation Letter
11:00 European Monetary Union Employment Change - 3Q
13:30 United States Consumer Price Index –
November
13:30 United States Housing Starts –
November
19:15 United States Fed Interest Rate Decision
Wednesday December 17
Germany Consumer Price Index –
November
Germany Preliminary Purchasing Manager Index Manufacturing –
December
Germany Preliminary Purchasing Manager Index Services –
December
Euro Zone Preliminary Purchasing Manager Index Manufacturing –
December
Euro Zone Preliminary Purchasing Manager Index Manufacturing –
December
United Kingdom Bank of England Minutes
United Kingdom ILO Unemployment Rate (3M) –
October
European Monetary Union Consumer Price Index –
November
United States Current Account - 3Q
Thursday December 18
07:15 Switzerland Trade Balance –
November
09:00 Germany IFO - Business Climate –
December
09:30 United Kingdom Retail Sales November
10:00 European Monetary Union Trade Balance n.s.a. –
October
13:30 Canada Leading Indicators –
November
15:00 United States Leading Indicators November
15:00 United States Philadelphia Fed Manufacturing Survey –
December
23:50 Japan All Industry Activity Index –
October
It will be a busy week for Forex traders and investors. These figures could well determine the future of currencies on global markets and affect Forex opportunities. Of course savvy traders will spot Forex opportunities as they occur following the release of these economic figures.
Quick Forex Tip: There are many factors that affect currency exchange rates and those who want to trade forex markets should be familiar with them. Economic factors are probably the most important in determining the value of a currency. Political conditions can also affect exchange rates. Those who want to trade forex markets would be well advised to keep abreast of current political and economic events. Thanks to the internet, those with the right knowledge and an internet connection can join this exciting market and take advantage of the lucrative opportunities it can provide for investors.
