Usual effect: The previous rate was -0.1%, and we expect this rate to increase to 0.0%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️This index is the primary measure of consumer spending, which accounts for a large part of economic activities.
Usual effect: The previous rate was 0.1%, and we expect this rate to decrease to -0.3%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Auto sales make up about %20 of retail sales, but they tend to be highly volatile. Therefore, it is thought the core data is a better measure to examine the consumer spending trend by removing the car market's fluctuations.
Usual effect: If the speech is more hawkish than expected, it will positively affect the EUR. ▶️Lagarde has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe her public speeches and often use them to provide clues about future monetary policy.
Usual effect: The previous rate was 86.9, and we expect this rate to increase to 87.5. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️The IFO Business Sentiment Index is a leading indicator of economic health. Businesses react quickly to market conditions, 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 -1.0%, and we expect this rate to increase to -0.8%. An amount higher than expected will positively affect the currency. ▶️Although this data is late compared to other countries' retail sales data, it is a key measure of consumer spending and heavily impacts the market.
Usual effect: The previous rate was 49.5, and we expect this rate to remain constant at 49.5. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Services PMI is a leading indicator of economic health in the services sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the services companies' economic outlook.
Usual effect: The previous rate was 44.8, and we expect this rate to increase to 45.0. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Manufacturing PMI is a leading indicator of economic health in the manufacturing sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the manufacturing companies' economic outlook.
Usual effect: The previous rate was 47.8, and we expect this rate to increase to 48.0. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Services PMI is a leading indicator of economic health in the services sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the services companies' economic outlook.
Usual effect: The previous rate was 43.1, and we expect this rate to increase to 43.3. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Manufacturing PMI is a leading indicator of economic health in the manufacturing sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the manufacturing companies' economic outlook.
Usual effect: The previous rate was 48.2, and we expect this rate to increase to 48.4. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Services PMI is a leading indicator of economic health in the services sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the services companies' economic outlook.