Usual effect: If the speech is hawkish, it will positively affect the currency. ▶️Ueda 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 53.6, and we expect the new rate to decrease to 53.2. 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.
Usual effect: The previous rate was 3.8%, and we expect the new rate to remain constant at 3.8%. An amount lower than expected will positively affect the currency. ▶️This data is issued monthly. ▶️Although unemployment claims are generally considered a lagging indicator, the number of unemployed people is a significant signal of the economy's general health because consumer spending is closely related to labor market conditions. Unemployment is also a concern for those who handle the country's monetary policy.
Usual effect: The previous rate was 336K, and we expect the new rate to decrease to 178K. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This index includes vital economic data published immediately after the end of the month. The statistics' importance and their early release lead to powerful market impacts. Job creation is an important leading indicator of consumer spending, which makes up the majority of economic activity.
Usual effect: The previous rate was 0.2%, and we expect the new rate to increase to 0.3%. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This data is consumer inflation's main indicator. The higher costs are usually passed on to the consumer when businesses pay more for labor.
Usual effect: The previous rate was 5.5%, and we expect the new rate to increase to 5.6%. An amount lower than expected will positively affect the currency. ▶️This data is issued monthly. ▶️Although unemployment claims are generally considered a lagging indicator, the number of unemployed people is a significant signal of the economy's general health because consumer spending is closely related to labor market conditions.
Usual effect: The previous rate was 63.8K, and we expect the new rate to decrease to 24.6 K. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This index includes vital economic data published immediately after the end of the month. The statistics' importance and their early release lead to powerful market impacts. Job creation is an important leading indicator of consumer spending, which makes up the majority of economic activity.
Usual effect: If the speech is hawkish, it will positively affect the currency. ▶️This statement is published annually. ▶️This report includes the RBNZ's targets for the next three years and the budget for that period's first year.
Usual effect: The previous rate was 50.2, and we expect the new rate to increase to 51.2. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This data is a leading indicator of the economy's health. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the company's economic view.
Usual effect: If the speech is hawkish, it will positively affect the CHF. ▶️Speaker: Thomas Jordan ▶️The market will experience a lot of volatility during Jordan's speech as traders try to decipher the interest rate clues. Jordan 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.