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Thu, 14 Jun 2012 08:44:51 +0200

Forex Trade 14 Jun, Swiss National Bank Rate Decision, Ecb Publishes June Monthly Report, Euro-Zone Consumer Price Index

Hello,
today we have some news...

1:00 AUD: Consumer Inflation Expectation

4:30 JPY: Industrial Production
Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.
4:30 JPY: Capacity Utilization

6:00 EUR: German Wholesale Price Index

7:30 CHF: Swiss National Bank Rate Decision

8:00 EUR: ECB Publishes June Monthly Report

8:30 EUR: Italian General Government Debt

9:00 EUR: Euro-Zone Consumer Price Index
CPI is the key gauge for inflation in the Euro Zone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Euro Zone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.
9:00 EUR: Euro-Zone Labor Costs

12:30 USD: Consumer Price Index Ex Food & Energy
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.
12:30 USD: 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.
12:30 USD: Continuing Claims

12:30 USD: Current Account Balance

12:30 USD: Initial Jobless Claims

12:30 USD: Annual Revisions: Current Account

12:30 USD: Consumer Price Index Core Index

12:30 CAD: Capacity Utilization Rate

12:30 CAD: New Housing Price Index

14:30 USD: EIA Natural Gas Storage Change

14:30 CAD: Bank of Canada Publishes Financial System Review

22:00 JPY: Bank of Japan Rate Decision

22:30 NZD: Business NZ Performance of Manufacturing Index

And some trades:

Posted Image GBP/JPY - British Pound / Yen
Entry: 123
Stop: 123.4
Resistances: 124.25 - 123.75 - 123.35
Supports: 121.45 - 122.1 - 122.6

Posted Image EUR/USD - Euro / US Dollar
Resistances: 1.274 - 1.267 - 1.261
Supports: 1.2325 - 1.2445 - 1.252

Posted Image USD/JPY - US Dollar / Yen
Resistances: 80.5 - 80.1 - 79.7
Supports: 77.95 - 78.6 - 79.2

Posted Image GBP/USD - British Pound / US Dollar
Resistances: 1.559 - 1.553 - 1.55
Supports: 1.5325 - 1.541 - 1.547

Posted Image USD/CHF - US Dollar / Swiss Franc
Resistances: 0.965 - 0.9595 - 0.9565
Supports: 0.9465 - 0.9485 - 0.953

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