The American session on Wednesday is considered to be the most important of the month, with only relevant data, it generates strong movements in currency prices.
at 8:15 Eastern the ADP Non-Farm Employment Change, which measures private job creation is published. Applications for jobless benefits increased 10,000 to 372,000 in the week ended December 29. Earlier it was forecast for 360,000 claims.
The calendar continues with the first of three measures of GDP for the fourth quarter of 2012. This measurement is the strongest in terms of impacts on prices, since it is the guide that will have the other two figures, scheduled for late February and March. In this regard, it is expected that the U.S. economy has grown by 1.1%, modest, but with good growth prospects for the quarters that follow.
After weekly oil inventories, scheduled for 10:30, comes the FOMC interest rate announcement. The current opinion is divided between those who believe that the Fed will inject, as now, 80 billion dollars a month, without a definite completion date, and those who do believe that it will put a limit to this action to stimulate the economy. The dollar will naturally react downward or upward.
Meanwhile, the euro reached 1.35, the value that was broken in the last few hours without much difficulty. Its next target is located in the area of 1.36, and above 1.3630.
The yen, meanwhile, has reached a new low since June 2010. The Canadian dollar and the Australian dollar did not leave lateralization that becomes almost inoperable during these hours. While the loonie could suffer some relevant changes with oil inventories.
