Events to Watch Out This Week, Mar 11-15

FX is a dynamic marketplace. It can be volatile too. The thing is that things could change easily depending on developments in the market, particularly those that directly affect major currencies. Because of that, it is important to keep track of important events that could dictate the mood of the market in certain parts of the world. We will help you keep track of some of those events for this week. Let’s get started with… 

Event: Bank of Japan Monetary Policy Meeting Minutes

Date: March 11, 2013

Time: 11:50pm (GMT)

What It Is About and Why It’s Important

After the Bank of Japan concludes its meeting, it releases a study of economic developments in the country and in the international market. The contents of the minutes could also provide clues of any possible changes in its fiscal policy. The report is thus important for investors who need to keep a close watch on the JPY.

Event: German Year-On-Year Consumer Price Index

Date: March 12, 2013

Time: 7:00pm (GMT)

What It Is About and Why It’s Important

The Consumer Price Index (CPI) is what measures inflation and changes in purchasing trends of a country. When inflation goes up significantly, the European Central Bank might decide to raise interest rates. Higher rates could then translate to a more desirable euro.

Event: Reserve Bank of New Zealand Interest Rate Decision

Date: March 13, 2013

Time: 8:00pm (GMT)

What It Is About and Why It’s Important

Investing in the NZD? Then you probably know that the current interest rate is at 2.5%.  Although the rates haven’t moved since March 2011, a change in the rates could impact the NZD. If it rises, then it’s positive news for the NZD, while it’s a negative one if rates drop.

Event: US Year-On-Year Producer Price Index

Date: March 13, 2013

Time: 8:00pm (GMT)

What It Is About and Why It’s Important

The Producer Price Index (PPI) gives investors clues on the value of the USD. In general, the higher the PPI, the better it is for the USD, while a lower PPI creates a negative impact on the USD. Last released in February, the PPI is currently at 1.4%.