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Dec

Tokyo Core CPI (JPY) – 25/12

: Donald Herison; 25 December 2014; Hits: 1212

What is it? It checks the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? December 25^th at 6:30pm Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the JPY to rise.

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Dec

Household Spending (JPY) – 25/12

: Donald Herison; 25 December 2014; Hits: 1319

What is it? It checks the change in the inflation-adjusted value of all expenditures by consumers.

Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy.

When? December 25^th at 6:30pm Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the JPY to rise.

Talk to us to get get FREE signals and start earning now:

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Dec

Daily Video Review - 24/12

: Donald Herison; 24 December 2014; Hits: 1540

Dec

24/12/2014 - December Daily Review

: Donald Herison; 24 December 2014; Hits: 1590

US markets reached record levels again after the GDP report showed the economy to expand by its fastest pace in 11 years, gaining 5% over the last quarter.

Asian markets were mixed across the region. The Nikkei gained 1.24% as the Dollar rallied against the Yen yesterday climbing to a high of 120.8. Although it weakened slightly before the close of the session, it remained at a two week high against the Yen.

European markets finished mixed today. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for a half day.

Oil climbed on a number of factors. US GDP data showed that economic recovery is ongoing and suggested that oil demand may increase. Arabic OPEC producers also reported that they believe the price will climb back above $70/barrel by the end of next year. The rally was short lived, however, and the price is falling back down after a supply report from the API. The report showed that inventories climbed by 5.4million barrels in the past week. Traders should watch data from the EIA will release data at 3:30pm GMT.

Gold traded choppy yesterday. The price first gained as it rebounded from a sharp fall. However, it later fell following the US GDP data and rallies in the stock market. Bearish sentiment remains today and the selloff resumed after stronger than expected Initial Jobless Claims data.