US Fed. Chairman Bernanke Testifies 07/21/09

10:00am (NY Time) USD Fed. Bernanke Testifies ACTION: BUY: Hawkish SELL: Dovish USD/JPY Fed. Chairman Bernanke is scheduled to testify in front of House Financial Services Committe in Washington DC on the semi-annual policy report.  If Bernanke is hawkish in his tones over future economy outlook, then we should see risk appetite sentiment where USD should […]

Australia CPI q/q – Consumer Price Index 07/21/09

9:30pm(NY Time) AU CPI q/q Forecast 0.5% Previous 0.1% ACTION: BUY 0.8% SELL 0.2% AUD/USD If we get a better than expected CPI data, we should see an instant appreciation of AUD by at least of 35 pips within the hour, but if we get a worse than expected number, AUD should drop about 35 […]

BOC Interest Rate Decision 07/21/09

9:00am(NY Time) CAD BOC Interest RateForecast 0.25% Previous 0.25% ACTION: Depending on Market Reaction BOC (Bank of Canada) council members meet 8 times a year and discuss where to set their current Interest rate. Since interest rate is directly related to inflation, it is arguably THE MOST HIGH IMPACT news for currency traders who trade […]

Canada Core CPI m/m 07/17/09

Core CPI m/m Forecast 0.0% Previous 0.3% Action: BUY USD/CAD (-0.3%) SELL USD/CAD (+0.3%) CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of […]

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