AWARDS

What is it? Fed Chair Yellen is due to speak about monetary policy at the Federal Reserve Bank Conference titled "The New Normal for Monetary Policy," at San Francisco. Audience questions expected.

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? March 27^th at 3:45pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.

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What is it? It checks the annualized change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? March 27^th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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During today’s early trading session, Asian stocks traded lower after Saudi Arabia and its allies launched airstrikes in Yemen creating cautiousness amongst market spectators. Furthermore, following the news of air strikes in Yemen, the price of oil rallied 6% over concerns of supplies from the oil rich region. Later today, Japan is to release a number of economic reports including the yearly household spending and the National Core CPI.

During the European session, the British pound dropped against the Dollar despite positive data. Positive sentiment for the Dollar continued after the U.S. released data showing that the Initial Jobless Claims showed a reading of 282,000, below the expected figure 290,000, this data supports past remarks made by Janet Yellen that an interest rate hike will be based on an improving labour market.

ECB President Draghi is currently speaking, currency traders will listen closely for any clues on future monetary policy and his comments may cause short term volatility in the markets.

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