Dukascopy Economic Calendar 19082009 Rachelle Akuffo

Hello, you are watching Economic Calendar broadcast on Dukascopy Forex TV. Im __________, and we will cover the upcoming events likely to influence currency trading on Wednesday, August 19th.
German PPI for July opens the schedule at 6 AM. June saw the highest yearly fall rate in more than 22 years, while the reported pace of quarterly deflation was not seen for the entire 39 years during which the data is being collected. Energy and basic goods prices eased the most. Given the current state of both commodities markets and German economy PPI is likely to stay pinned down until the end of the year.
Minutes of BoE MPC meeting that took place two weeks ago will be published at 8:30. The bank decided to further its asset purchase plan by 50 billion pounds, while keeping the key rate at an all-time low of half a percent. Majority of stats on British economy suggest that the downturn is coming to an end, but the mid-term perspective is aggravated by money supply and lending issues.
More news from UK an hour and a half later with Augusts CBI Industrial Trends. Although the countrys industry continues to take a toll, recent reports suggest the situation has evened out. Low foreign demand is the biggest potential drag for British producers.
A couple of events from Canada will close our calendar, starting with the countrys CPI for July, which is reported at 10 and could have some serious impact. Junes readings saw the first year on year deflation since November 1994. This was largely caused by the falling prices for energy, especially petrol products. The core rate used by BoC to assess inflationary pressures was positive and grew compared to Mays 1.8%. Analysts dont expect Canadas deflation to last long enough to cause any reaction from the countrys central bank, especially after the overnight rate target has already been dropped to a quarter of a percent.
The countrys leading indicator for July is out at half past noon. The headline number fell in June, despite housing and stock markets posting relatively firm growth. Outlook remains unclear across the border in the US, hampering Canadas macroeconomic performance.
This is it for the events to take place on Wednesday. We will return to prepare you for news trading on Thursday, August 20th. Goodbye.

Category:

News & Politics

Tags:

• forex
• news
• currency
• trading
• review
• pips
• forex market
• forex analysis

[AllstarCanadian]

Ouch, that woman's voice hurt my ears.