What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? Tentative

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

 

 

 

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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? At 9:30pm Eastern Time.

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

 

 

 

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

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

When? At 7:45am Eastern Time.

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

 

 

 

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What is it? It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

When? Tentative

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

 

 

 

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What is it? When there is a change in rates the MPC will also issue a statement. The rate decision is often priced in the market so it tends to be overshadowed by the MPC Rate Statement which is focused on the future. Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future. MPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes.

When? At 7:00am Eastern Time.

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

 

 

 

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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? At 7:00am Eastern Time.

Trading Tip: This announcement can greatly affect the GBP so make sure to follow it!

 

 

 

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What is it? It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? At 4:30am Eastern Time.

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

 

 

 

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1) The dollar rose to two-month highs against the yen on Wednesday after data showing that activity in the U.S. service sector expanded at the fastest rate in ten years last month, bolstering the outlook for higher interest rates.

USD/JPY was up 0.41% to 124.88, the most since June 8 from around 124.25 ahead of the data.

2) Wall Street opened higher on Wednesday after data showed private sector hiring slowed sharply in July, indicating a loss of momentum in the economy at the start of the third quarter and tempering expectations of a September interest rate hike.

The ADP National Employment Report showed private employers added 185,000 workers in July, below the 215,000 increase forecast by economists surveyed by Reuters.

3) Service sector activity in the U.S. grew at the fastest pace since August 2005 in July, boosting optimism over the health of the economy and supporting the case for a rate hike in September, industry data showed on Wednesday.

4) U.S. non-farm private employment rose less than expected in July, dampening optimism over the strength of the economy and fanning hopes that the Federal Reserve could delay raising interest rates until the very end of 2015, industry data showed on Wednesday.

5) West Texas Intermediate oil extended gains on Wednesday, after data showed that oil supplies in the U.S. fell more than expected last week.

Crude oil for delivery in September on the New York Mercantile Exchange tacked on 82 cents, or 1.79%, to trade at $46.56 a barrel during U.S. morning hours. Prices were at around $46.33 prior to the release of the inventory data.

 

 

 

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