Common effect: If the published number is higher than the forecast at the release time, it will positively affect the Canadian Dollar. ▶️This data is published 8 times a year. ▶️Since short-term interest rates are the main factor in currency valuation and affect most other important indicators, they are significant for traders.
Common effect: If the data is published aggressively (hawkish), it will positively affect the Canadian dollar currency. ▶️This data is published 8 times a year. ▶️Since this index is one of the main tools that the BOC publishes to communicate with investors, this data also informs the central bank's decision on interest rates and their macro decisions about the outlook for the economy. Therefore, it is significant for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published quarterly. ▶️This index shows the change in the value of all goods produced by the economy in the last year. Also, this event is the most extensive and the first measure to show the Australian economy's health, so it is significant for traders.
Common effect: If the data is published aggressively (hawkish), it will positively affect the Australian dollar currency. ▶️This data is published on the first Tuesday of every month except January. ▶️This index is one of the main tools that members of the RBA publish to communicate with investors and the central bank about the country's monetary policies. ▶️This data includes the results of the central bank members' decision about the interest rate. Also, explanations about the policies of this bank regarding the economy's future, hence it is significant for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published seven times a year and represents the interest rate at which banks lend the balance stored in the Central Bank of New Zealand to other banks overnight. ▶️Also, since short-term interest rates are the main factor in currency valuation, it is significant for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. We can say that this data is a significant and leading indicator that shows the health of China's economy. Therefore, it is relatively important for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. Since it is a main indicator to show the country's economic health, it is significant for traders.
Common effect: If the published number is lower than the forecast at the release time, it will positively affect the related currency. ▶️This data is released monthly, and since this event represents the percentage of the total workforce that was unemployed and actively looking for jobs in the past month and also determines the unemployment rate, it can be important for traders.
Common effect:* If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. And since job creation is one of the most important indicators of consumer spending and accounts for the majority of all economic activity, it can be important for traders. ▶️This index is one of the vital economic data released shortly after the end of the month. The combination of its importance and its early release strongly affects the market and is significant for traders*.
Common effect:* If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. If this data's rate increases, it means businesses have paid more for labor and vice versa. Since this data is one of the main inflation indicators in the consumer sector, it can be important for traders*.