The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 
After yesterday’s light news day, today is packed with news items with market moving potential

We’ve already had the release of the minutes from the last Australian Central Bank meeting.

The records indicate that the Australian monitory policy committee is likely to keep rates on hold at its next meeting as it expressed concern over the situation in Greece.

At 10.00 we have European CPI (inflation) data alongside German and Europe wide economic sentiment surveys.

At 12.30 we have a bunch of announcements. The most important being US building permits & housing starts. A slight drop on the previous month expected.

Then at 18.15 we have the release of the latest policy statement from the US Federal reserve.

As with past meetings, no change is expected. However analyst’s will look for hints at future policy and the general tone of the report.

So far today the yen is the biggest gainer across the board and especially against the US dollar and British pound.

The Bank of Japan make their latest rate statement tomorrow. Traders are speculating that they will be taking a firmer line with their monitory policy.

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