NZD/USD higher after the larger than expected interest rate hike from the RBNZ

NZD: Food Price Index , It measures change in the price of food and food services purchased by households.

JPY: Core Machinery Orders m/m, It measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities.

JPY: M2 Money Stock y/y, It measures change in the total quantity of domestic currency in circulation and deposited in banks.

AUD: Westpac Consumer Sentiment, It measures change in the level of a diffusion index based on surveyed consumers.

NZD: Official Cash Rate, 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. Forecast 1.25%

NZD: RBNZ (Reserve Bank of New Zealand) Rate Statement, It’s among the primary tools the RBNZ 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.

GBP: CPI (Consumer Price Index) y/y, 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. Forecast 6.7%

GBP: Core CPI y/y, It measures change in the price of goods and services purchased by consumers, excluding the volatile food, energy, alcohol, and tobacco items.

GBP: PPI Input m/m, It measures change in the price of goods and raw materials purchased by manufacturers.

GBP: PPI Output m/m, It measures change in the price of goods sold by manufacturers.

GBP: RPI y/y, It measures change in the price of goods and services purchased by consumers for the purpose of consumption.

JPY: BOJ Gov Kuroda Speaks, As head of the central bank, which controls short term interest rates, he has important influence over the nation’s currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts.

EUR: Italian Industrial Production m/m, It measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

GBP: House Price Index (HPI), It measures change in the selling price of homes.

USD: Producer Price Index (PPI), It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer. Forecast 1.1%

USD: Core PPI m/m, It measures change in the price of finished goods and services sold by producers, excluding food and energy.

CAD: BOC Monetary Policy Report, 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, 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: Interest Rates, 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. Forecast 1.00%

USD: Crude Oil Inventories, It measures change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

CAD: BOC (Bank of Canada) Press Conference, 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.

USD: 30-y Bond Auction, It measures highest yield on a 30-year bond the government sold at auction, and the bid-to-cover ratio of the auction.