Usual effect: If the tone is more hawkish than expected, it will positively affect the USD. ▶️Powell has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe his public speeches and often use them to provide clues about future monetary policy.

Usual effect: If the speech is hawkish, it will positively affect the GBP. ▶️Speaker: Andrew Bailey ▶️The market will experience a lot of volatility during Bailey's speech as traders try to decipher the interest rate clues. Bailey has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe his public speeches and often use them to provide clues about future monetary policy.

Usual effect: The previous rate was 2.83%. An amount higher than expected will positively affect the currency. ▶️This data is issued quarterly. ▶️Expectations of future inflation manifest to actual inflation, primarily because workers tend to receive higher wages when they believe prices will rise. The data comes from a survey of about 100 consumers that asks respondents where they expect prices to be in the next 24 months.

Usual effect: If the tone is hawkish, it will positively affect the USD. ▶️Federal Reserve members decide on the time and size of setting interest rates and how to execute monetary policies. That is why the more aggressive the speech, the stronger the USD.

Usual effect: The previous rate was 678 billion. An amount lower than expected will positively affect the CHF. ▶️This data is issued monthly. ▶️This data provides insight into the SNB's performance in the foreign exchange market, such as how actively they defend the franc's exchange rate against the euro.

Usual effect: If the statement is hawkish, it will positively affect the AUD. ▶️This data is published monthly (except January). ▶️This statement is one of the main ways the RBA's central bank board communicates with investors about monetary policy, and includes their decision's outcome on interest rates and explanations of economic conditions that affect their decision. Most importantly, it discusses the economic outlook and provides clues about the future decisions' outcome.

Usual effect: The previous rate was 4.10%, and we expect the new rate to increase to 4.35%. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly (except January). ▶️Short-term interest rates are the main factor in the currency valuation. Most traders monitor other indicators merely to predict future rate changes. The rate decision is usually priced into the market, so it tends to be overshadowed by the RBA's rate statement, which is future-focused.

Usual effect: The previous rate was 53.1, and we expect the new rate to increase to 54.0. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️A number above 50 indicates industry expansion, and below 50 indicates contraction conditions. This statistic is economic health's leading indicator. Businesses react quickly to market conditions, and their purchasing managers probably have the most recent and relevant insight into the company's economic view. A survey of about 175 purchasing managers, selected geographically and by activity sector to match the economy as a whole, asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Usual effect: The previous rate was 45.0, and we expect the new rate to increase to 46.1. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️A number above 50 indicates industry expansion, and below 50 indicates contraction conditions. This statistic is economic health's leading indicator. Businesses react quickly to market conditions, and their purchasing managers probably have the most recent and relevant insight into the company's economic view.