Date
GMT+00:00
Event Value
Dec, 09 03:30
★★★
RBA Interest Rate Decision
RBA Interest Rate Decision
Country:
Date: Dec, 09 03:30
Importance: High
Previous: 3.60%
Forecast: 3.60%
Actual: -
Period: Dec
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
3.60%
Dec, 09 03:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: Dec, 09 03:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

Dec, 09 06:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: Dec, 09 06:00
Importance: Low
Previous: 17.1%
Forecast: -
Actual: -
Period: Nov

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

17.1%
Dec, 09 07:00
Trade Balance
Trade Balance
Country:
Date: Dec, 09 07:00
Importance: Low
Previous: 15.3bln; 17.3bln
Forecast: 15.6
Actual: -
Period: Oct

The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany 's Balance of Payment. As Germany is Europe's largest economy and given Germany's export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Eurozone trades and extra-Eurozone trades. Intra-trades between Germany and Eurozone countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Eurozone do impact the overall Eurozone trade balance. Given Germany's large share of Eurozone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

The headline figure for trade balance is expressed in billions of Euros.

15.3bln; 17.3bln
Dec, 09 11:00
NFIB Small Business Index
NFIB Small Business Index
Country:
Date: Dec, 09 11:00
Importance: Low
Previous: 98.2
Forecast: 98.1
Actual: -
Period: Nov
Survey of small businesses which asks respondents to rate the relative level of economic conditions including labor markets, inventories and sales, capital spending, inflation, earnings and wages, and credit markets.
98.2
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