Forex Currency: Fifty Forex Market Highlights on Mar. 8
Issue:ikonfx | Date: 2010年3月8日Swiss Retail Sales: Published on Monday at 8:15 GMT. Switzerland enjoys a strong and stable economy with confident consumers, while sales volume jumped by 4.7%, a very strong pace. This time, a rise of 1.6% is predicted. This will have a strong impact on the Swissy forex market as well as a collateral effect as the beginning of the week doesn’t contain too many figures. British NIESR GDP Estimate: Published on Wednesday at 15:00 GMT. Forex is usually more accurate than other economists in understanding the economy. The upcoming release will show the growth rate for the three months that ended in February, as Britain hardly got out of recession at the end of 2009. This tends to have a long term impact on the forex. American Federal Budget Balance: Published on Wednesday at 19:00 GMT. It’s no secret that the US government owes a lot of money. The size of the forex deficit fell to more “normal” levels last month – only 40 billion. But this time, it’s predicted to surge back to 200 billion, weighing on the dollar. New Zealand rate decision: Published on Wednesday at 20:00 GMT. New Zealand has the second highest interest rate among the major currencies, 2.5%, but it didn’t follow its neighbor Australia and didn’t raise the rates. Also now, Alan Bollard is expected to leave the Official Cash Rate unchanged but may hint about forex hikes in the RBNZ Press Conference. This decision has an impact beyond New Zealand and impacts also the Aussie. For more forex, please go to Forex Currency. By Amelia
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