Usual effect: If the speech is more hawkish than expected, it will positively affect the GBP. ▶️Speaker: Andrew Bailey ▶️The market will experience a lot of volatility during Bailey's speech as traders try to decipher the interest rate clues. Bailey 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 4.20%, and we expect this rate to remain constant at 4.20%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Short-term interest rates are a major factor in currency valuation. Traders look at most other indicators to predict future rate changes.
Usual effect: The previous rate was 3.45%, and we expect this rate to remain constant at 3.45%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Short-term interest rates are a major factor in currency valuation. Traders look at most other indicators to predict future rate changes.
Usual effect: The previous rate was 1.47 million, and we expect this rate to decrease to 1.45 million. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️This index is an excellent measure to check future construction activities because obtaining a permit is one of the first steps in a new building's construction.
Usual effect: If the tone 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 -0.9%, and we expect this rate to increase to 0.3%. 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: 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 implement 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 this rate to remain constant at 0.3%. An amount higher than expected will positively affect the currency. ▶️This index is issued 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 -9.0, and we expect this rate to decrease to -10.4. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️The Philadelphia Manufacturing 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 217K, and we expect this rate to increase to 222 K. An amount lower than expected will positively affect the currency. ▶️This index is issued weekly. ▶️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.