This is a list of the major events (News) for Tuesday - March 06, 2012 that will move the markets around the globe.
All times are given in GMT.
Tuesday – 03/06/2012
* AUD – Cash Rate : at 3:30am
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.
Previous 4.25%, Forecast 4.25%
* AUD – RBA Rate Statement : at 3:30am
It's among the primary tools the RBA Reserve Bank Board 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 discusses the economic outlook and offers clues on the outcome of future decisions.
Reserve Bank of Australia (RBA).
* GBP – Halifax HPI m/m : at 8:00am
It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity.
Previous 0.6%, Forecast 0.3%
* CAD – Ivey PMI : at 3:00pm
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
Previous 64.1, Forecast 62.1