What is it? The rate decision is often priced in the market so it tends to be overshadowed by the RBNZ Rate Statement which is focused on the future. 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.

When? At 5:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

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What is it? The vote is reported in an 'X-X-X' format - the first number is how many MPC members voted to increase interest rates, the second number is how many voted to decrease rates, and the third is how many voted to hold rates. The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future.

When? At 4:30am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

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Wall Street was lower in late morning trading on Tuesday as weak revenue at IBM (NYSE:IBM) and United Technologies (NYSE:UTX) weighed on the Dow and the S&P 500 and investors awaited results from tech giants including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).

The dollar pushed lower against a basket of other major currencies on Tuesday, as investors continued to lock in profits from the greenback's recent rise to three-month highs as expectations for a U.S. rate hike in the near future still supported the currency. Trading volumes were expected to remain light with no major U.S. data to be released throughout the day.

Gold prices struggled near the lowest level since 2010 on Tuesday, as prospects of higher interest rates in the U.S. continued to weigh. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 40 cents, or 0.04%, to trade at $1,107.20 a troy ounce during U.S. morning hours.

U.S. oil futures reversed earlier losses to bounce off a 15-week low on Tuesday, as traders looked ahead to weekly data on U.S. stockpiles of crude and refined products later in the day. On the New York Mercantile Exchange, crude oil for September delivery hit a session low of $50.10 a barrel, a level not seen since April 4, before recovering to trade at $50.83 during U.S. morning hours, up 39 cents, or 0.77%.

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