German ZEW Economic Sentiment (22/01/13)

CURRENCY: EUR

IMPACT: HIGH IMPACT

ACTUAL>FORECAST: GOOD FOR CURRENCY

This is high impact news. The forecast is 12.0 and the previous is 6.9. After the actual is released, if the actual is greater than the forecast, the result is positive. While actual value is less than forecast, the result is negative. The actual will be released on 22/01/13.Due to the actual release; the market value will be predicted to be either up or down. If the market is up it is good for economic health, where as the market is down it is not good for economic health.

It is a leading indicator for the German economy. This measure the level of a diffusion index based on surveyed German institutional investors and analysts.

It is a leading indicator of economic health-investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.

Survey of about 275 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany.

The ZEW Indicator of Economic Sentiment is ascertained monthly. Up to 350 financial experts take part in the survey. The indicator reflects the difference between the share of analysts that are optimistic and the share of analysts that are pessimistic for the expected economic development in Germany in six months. The survey also asks for the expectations for the Euro zone, Japan, Great Britain and the U.S.A.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

EXISTING HOME SALES (22/01/13)

CURRENCY: USD

IMPACT: HIGH IMPACT

ACTUAL>FORECAST: GOOD FOR CURRENCY

This is high impact news. The forecast is 5.1M and the previous is 5.04M. After the actual is released, if the actual is greater than the forecast, the result is positive. While actual value is less than forecast, the result is negative. The actual will be released on 22/01/13.Due to the actual release; the market value will be predicted to be either up or down. If the market is up it is good for economic health, where as the market is down it is not good for economic health

The traders becomes care, it is a leading indicator of economic health because the sale of a home triggers a wide reaching ripple effect. For example renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

INTEREST RATE DECISION (23/01/13)

CURRENCY: CAD

IMPACT: HIGH IMPACT

ACTUAL>FORECAST: GOOD FOR CURRENCY

This is high impact news. The forecast is 1.00% and the previous is 1.00%. After the actual is released, if the actual is greater than the forecast, the result is positive. While actual value is less than forecast, the result is negative. The actual will be released on 23/01/13.Due to the actual release; the market value will be predicted to be either up or down. If the market is up it is good for economic health, where as the market is down it is not good for economic health

Bank of Canada (BOC) governing council members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

GERMAN IFO BUSINESS CLIMATE INDEX (25/01/13)

CURRENCY: EUR

IMPACT: HIGH IMPACT

ACTUAL>FORECAST: GOOD FOR CURRENCY

This is high impact news. The forecast is 103 and the previous is 102.4.After the actual is released, if the actual is greater than the forecast, the result is positive. While actual value is less than forecast, the result is negative. The actual will be released on 25/01/13.Due to the actual release; the market value will be predicted to be either up or down. If the market is up it is good for economic health, where as the market is down it is not good for economic health

This survey is highly respected due to its large sample size and historic correlation with German and wider Euro zone economic conditions. It tends to create a hefty market impact upon release.

The traders becomes care, because it is a leading indicator of  economic health-businesses react Quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending,hiring,and investment.

Survey of about 7000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD