Usual effect: The previous rate was 44.4, and we expect the new rate to increase to 44.5. An amount higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️Services PMI is a leading indicator of the economy's health in the services sector - 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: The previous rate was 44.2, and we expect the new rate to increase to 44.4. An amount higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️Manufacturing PMI is a leading indicator of the economy's health in the manufacturing sector - 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: The previous rate was 0.9K, and we expect the new rate to increase to 2.3K. An amount lower than expected will positively affect the GBP. ▶️This data is released 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: If the tone is more hawkish than expected, 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 0.3%, and we expect the new rate to decrease to -0.1%. An amount higher than expected will positively affect the CAD. ▶️This data is released monthly. ▶️This index is consumer spending's primary measure, which accounts for a massive part of economic activities.
Usual effect: The previous rate was 1.0%, and we expect the new rate to decrease to -0.1%. An amount higher than expected will positively affect the CAD. ▶️This data is released monthly. ▶️Auto sales make up about 20% of retail sales but tend to be highly volatile. Therefore, the core data is considered a better measure to examine the consumer spending trend by removing the car market's fluctuations.
Usual effect: The previous rate was 0.4%, and we expect the new rate to decrease to -0.3%. An amount higher than expected will positively affect the GBP. ▶️This data is released monthly. ▶️This index is the primary measure of consumer spending, which makes up a massive part of economic activities.
Usual effect: The previous rate was 4.20%, and we expect the new rate to remain constant at 4.20%. An amount higher than expected will positively affect the CNY. ▶️This report is released monthly. ▶️Short-term interest rates are a major factor in currency valuation - traders look at most other indicators to predict how future rates change.
Usual effect: The previous rate was 3.45%, and we expect the new rate to remain at 3.45%. An amount higher than expected will positively affect the CNY. ▶️This report is released monthly. ▶️Short-term interest rates are a major factor in currency valuation - traders look at most other indicators to predict how future rates change.
Usual effect: If the tone is more hawkish than expected, 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.