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Forex Outlook for January 23, 2013

By Meta4forexbroker.com - This is a list of the major events (News) for Wednesday - January 23, 2013 that will move the markets around the globe.

All times are given in GMT.

Wednesday – 01/23/2013

* AUD – CPI q/q : at 12:30am
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 1.4%, Forecast 0.4%, Actual 0.2%

* GBP – Claimant Count Change : at 9:30am
It's the first indication of the employment situation, released a month earlier than the Unemployment Rate.
Previous -3.0K, Forecast 0.4K

* GBP – MPC Meeting Minutes : at 9:30am
It's a detailed record of the BOE MPC's most recent meeting, providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates, and offering clues on the outcome of future votes.
Previous 0-0-9, Forecast 0-0-9

* CAD – BOC Monetary Policy Report : at 3:00pm
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

* CAD – BOC Rate Statement : at 3:00pm
It's the primary tool the BOC 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.

* CAD – Overnight Rate : at 3:00pm
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 1.00%, Forecast 1.00%

* CAD – BOC Press Conference : at 4:15pm
It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

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