Usual effect: The previous rate was 0.4%, and we expect this rate to decrease to 0.0%. An amount higher than expected will positively affect the USD. ▶️This data is released monthly. ▶️Industrial production is a leading indicator of economic health - production responds quickly to the business cycle's ups and downs and is related to consumer conditions such as employment and income levels.
Usual effect: The previous rate was 0.6%, and we expect this rate to decrease to 0.3%. An amount higher than expected will positively affect the USD. ▶️This data is released monthly. ▶️This index is consumer spending's primary measure, which makes up for most economic activities.
Usual effect: The previous rate was 0.6%, and we expect this rate to decrease to 0.2%. An amount higher than expected will positively affect the USD. ▶️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 4.8%, and we expect this rate to reach 4.7%. An amount higher than expected will positively affect the CAD. ▶️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 3.9%, and we expect this rate to reach 3.8%. An amount higher than expected will positively affect the CAD. ▶️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 4.1%, and we expect this rate to reach 4.0%. An amount higher than expected will positively affect the CAD. ▶️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 0.4%, and we expect this rate to reach 0.0%. An amount higher than expected will positively affect the CAD. ▶️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 -11.4, and we expect this rate to increase to -9.5. An amount higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️Economic sentiment published by the European Central Organization for Economic Research measures the institutional investors' sentiment, reflecting the difference between the optimistic investors' shares and pessimistic analysts. Generally, an optimistic view of the euro is positive (or bullish), while a pessimistic view is considered negative (or bearish).
Usual effect: The previous rate was 8.5%, and we expect this rate to decrease to 8.3%. An amount higher than expected will positively affect the GBP. ▶️This data is released monthly. ▶️Average quarterly earnings are one of consumer inflation's main indicators - when businesses spend more on labor, the higher costs are passed to consumers usually.
Usual effect: The previous rate was 0.9k, and we expect this rate to increase to 2.3k. An amount lower than expected will positively affect the GBP. ▶️This data is released monthly. ▶️This data is 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.