Forex Forum: Forex Trade 10 Feb, Reserve Bank Board Statement On Monetary Policy, German Consumer Price Index - Forex Forum

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Forex Trade 10 Feb, Reserve Bank Board Statement On Monetary Policy, German Consumer Price Index

#1 User is offline   Arnaud 

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Posted 10 February 2012 - 08:49 AM

Hello,
today we have some news...

  • 0:30 AUD: Reserve Bank Board Statement on Monetary Policy

  • 7:00 EUR: German Consumer Price Index
    The weighted average of prices for a predetermined basket of consumer goods and services. This basket is representative of the goods and services that the average German household purchases. The CPI takes into account the relative importance of each item in the basket and creates a weighted average of the prices. Consumer Prices are compared to previous figures to gauge changes in the cost of living over time. The headline number is released as the percentage change from the previous quarter or year. The German CPI is estimated based on the CPI results from the six German states (Saxony, Baden Wuerttemburg, Brandenburg , North Rhine-West, Bavaria , and Hesse ).
  • 7:45 EUR: French Current Account

  • 7:45 EUR: French Industrial Production
    Measures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.
  • 7:45 EUR: French Manufacturing Production

  • 8:15 CHF: Consumer Price Index
    The Consumer Price Index is one of the leading economic gauges to measure the pace of inflation. Simply put, CPI measures the acceleration of price in a fixed basket of goods and services. Higher CPI indicates that prices of the basket as a whole have increased and as such, it costs more of the local currency to buy the same basket of goods. CPI is also broken down to a core level which strips out the volatile components of the index, which usually include food and energy, but this various by country. Usually, central banks pay far greater importance to the core numbers than the headline numbers. Excessive inflation will induce a central bank to consider raising interest rates while falling inflation would give them the flexibility to lower interest rates.
  • 8:15 CHF: CPI

  • 9:00 EUR: Italian Industrial Production

  • 9:30 GBP: Producer Price Index Input

  • 9:30 GBP: Producer Price Index Output Core

  • 9:30 GBP: Producer Price Index Output

  • 13:30 USD: Trade Balance
    A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.
  • 13:30 CAD: International Merchandise Trade

  • 14:55 USD: U. of Michigan Confidence

  • 19:00 USD: Monthly Budget Statement


And some trades:

Posted Image EUR/USD - Euro / US Dollar
Entry: 1.325
Stop: 1.328
Resistances: 1.336 - 1.3315 - 1.329
Supports: 1.303 - 1.311 - 1.3235

Posted Image GBP/USD - British Pound / US Dollar
Entry: 1.578
Stop: 1.581
Resistances: 1.592 - 1.586 - 1.58
Supports: 1.566 - 1.5735 - 1.5775

Posted Image AUD/USD - Australian dollar / US Dollar
Entry: 1.0705
Stop: 1.0735
Resistances: 1.082 - 1.0755 - 1.0715
Supports: 1.053 - 1.0585 - 1.068

Posted Image USD/JPY - US Dollar / Yen
Resistances: 78.2 - 77.95 - 77.75
Supports: 76.85 - 77.1 - 77.5

Posted Image USD/CHF - US Dollar / Swiss Franc
Resistances: 0.9325 - 0.9255 - 0.914
Supports: 0.9 - 0.907 - 0.9095
0

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