Usual effect: The previous rate was -0.2%, and we expect this rate to increase to -0.1%. An increase higher than expected will positively affect the CAD. ▶️This data is released monthly. ▶️This index is the economic activity's broadest measure and economic health's main measure.
Usual effect: If the speech is hawkish, it will positively affect the USD. ▶️Speaker: Jerome Powell. ▶️The market will experience a lot of volatility during Powell's speech as traders try to decipher the interest rate clues. 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: The previous rate was 201,000, and we expect this rate to decrease to 213,000. A more-than-expected decrease will positively affect the USD. ▶️This data is published quarterly. ▶️Although this data is generally considered a lagging indicator, the number of unemployed people is a significant signal of the overall economic health because consumer spending is closely related to labor market conditions. Also, those who handle the country's monetary policy pay attention to Unemployment.
Usual effect: The previous rate was 2.1%, and we expect this rate to increase to 2.3%. An increase higher than expected will positively affect the USD. ▶️This data is published quarterly. ▶️Advance, Preliminary, and Final are three versions of the GDP index published within a month. The Advance version is the first version and has the most impact. This index is the broadest measure of economic activity and economic health's main measure.
Usual effect: The previous rate was 2.6%, and we expect this rate to increase to 3.5%. An increase higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️Flash and Final are two versions of this report released two weeks apart. The Flash release is the first version and has the most impact. The final isn't reported due to its insignificance. Consumer price is one of the essential factors in calculating inflation. Inflation is significant for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.
Usual effect: The previous rate was 0.3%, and we expect this rate to remain the same. An increase higher than expected will positively affect the EUR. ▶️This data is released monthly. ▶️The release time is uncertain, as the statistics consist of data from 6 German states that report their CPI throughout the day. Prelim and final are two CPI versions released 15 days apart. The primary release is major consumer inflation in the Eurozone. Consumer price is one of the essential factors in calculating inflation. Inflation is significant for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.
Usual effect: If the speech is hawkish, it will positively affect the CHF. ▶️Speaker: Thomas Jordan. ▶️During Jordan's speech, the market will experience a lot of volatility as traders try to decipher the interest rate clues. Jordan has more influence on the country's currency than anyone else as head of the central bank, 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 -5.2%, and we expect the current rate to increase to -0.5%. An increase higher than expected will positively affect the USD. ▶️This data is released monthly. ▶️This data is usually reviewed through the Factory Orders report, released about a week later. Durable goods are solid products with a lifespan of more than 3 years, such as cars, computers, home appliances, and airplanes. The increase in purchase orders in this index implies that producers will raise their activity by trying to complete the orders.
Usual effect: The previous rate was 0.4%, and we expect the current rate to decrease to 0.1%. An increase higher than expected will positively affect the USD. ▶️This data is released monthly. ▶️This data is usually reviewed through the Factory Orders report, released about a week later. Aircraft orders are volatile and can seriously distort the main trend. Therefore, it is believed that core data is a better measure of the purchase order process. In this index, an increase in purchase orders implies that manufacturers will raise their activity by trying to supply orders.
Usual effect: The previous rate was 4.9%, and we expect the current rate to increase to 5.2%. An increase higher than expected will positively affect the AUD. ▶️This data is released monthly. ▶️One of the essential factors in calculating inflation is consumer price. Inflation is significant for currency valuation because ascending prices cause the central bank to increase interest rates to curb inflation.