sabato, novembre 11, 2006

Mercoledì 08/11/2006 - AUD Interest Rate Statement

Data e ora dell’evento: mercoledì 08/11/2006 12:30am (GMT+2)

Australia's central bank, the Reserve Bank of Australia (RBA), releases an Interest Rate Statement on the first Tuesday of the month. The statement contains the latest decision regarding changes to the nation's short term interest rate ("cash rate"), a brief report of the economic conditions that effected their decision, and most importantly, clues on what the next rate decision will be. A rising trend has a positive effect on the nation's currency. Short term interest rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. What makes interest rates so important is that high rates attract foreigners looking for the best "risk-free" return on their money, which significantly increases demand for the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down. This is what makes inflation-predicting indicators so important. Traders know that rising prices will lead the central bank to raise interest rates, which ultimately leads to a more valuable currency.

Actual: 6.25%
Forecast: 6.25%
Previous: 6.00%

Il dato rilasciato è stato in linea con le previsioni degli analisti. Nel grafico EUR/AUD che segue, la riga gialla identifica l’ora esatta dell’evento: il tasso EUR/AUD rimane pressoché costante, solo dopo le 06:00am (GMT+2) il grafico evidenzia un trend orientato nettamente al rialzo.

posted by mizuno @ 5:06 PM