Usual effect: The previous rate was 675K, and we expect the new rate to increase to 684K. An amount higher than expected will positively affect the USD. ▶️This index is issued monthly. ▶️The new home sales rate is a leading indicator of economic health because a new home sale creates a widespread ripple effect. For example, furniture and appliances are purchased for the home, the financing bank sells mortgages, and brokers get paid to complete the transaction.

Usual effect: The previous rate was 5.00%, and we expect the new rate to remain stable. An amount higher than expected will positively affect the CAD. ▶️The overnight interest rate is decided eight times a year. ▶️Short-term interest rates are essential in currency valuation - traders look at most other indicators to predict future rate changes.

Usual effect: If the report is more hawkish than expected, it will positively affect the CAD. ▶️This statement is published eight times a year. ▶️The BOC uses this statement to communicate with investors about monetary policies. Information related to the results of decisions on interest rates, the inflationary conditions' interpretation, and the country's economic future is available to everyone in this statement.

Usual effect: If the report is more hawkish than expected, it will positively affect the CAD. ▶️This index is published quarterly. ▶️This report provides valuable insight into the BOC's view of economic conditions and inflation - it includes key factors that will shape the monetary policy's future and influence interest rate-setting decisions.

Usual effect: The previous rate was 85.7, and we expect the new rate to increase to 85.9. An amount higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️The IFO Business Sentiment Index is economic health's leading indicator - businesses react to market conditions quickly, and changes in sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Usual effect: The previous rate was 0.9%, and we expect the new rate to increase to 1.1%. An amount higher than expected will positively affect the AUD. ▶️This data is released quarterly. ▶️Consumer prices make up the majority of overall inflation. Inflation is essential for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.

Usual effect: The previous rate was 5.2%, and we expect the new rate to increase to 5.4%. An amount higher than expected will positively affect the AUD. ▶️This data is released monthly. ▶️Consumer prices make up the majority of overall inflation. Inflation is essential for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.

Usual effect: The previous rate was 0.8%, and we expect the new rate to increase to 1.1%. An amount higher than expected will positively affect the AUD. ▶️This data is released quarterly. ▶️Consumer prices make up the majority of overall inflation. Inflation is essential for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.

Usual effect: The previous rate was 5, and we expect the new rate to decrease to 3. An amount higher than expected will positively affect the USD. ▶️This data is released monthly. ▶️The Richmond Manufacturing Index is an economic indicator and provides insights into the manufacturing sector's health and performance in (Richmond) the Fifth Federal Reserve District.