By Meta4forexbroker.com - This is a list of the major events (News) for Friday - January 11, 2013 that will move the markets around the globe.
All times are given in GMT.
Friday – 01/11/2013
* CNY – CPI y/y : at 1:30am
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.
Previous 2.0%, Forecast 2.3%, Actual 2.5%
* CHF – CPI m/m : at 8:15am
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Previous -0.3%, Forecast -0.1%
* GBP – Manufacturing Production m/m : at 9:30am
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.
Previous -1.3%, Forecast 0.5%
* CAD – Trade Balance : at 1:30pm
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
Previous -0.2B, Forecast -0.3B
* USD – Trade Balance : at 1:30pm
ForexFactory.com Notes; A positive number indicates that more goods and services were exported than imported.
Previous -42.2B, Forecast -41.1B