Trading Strategy

What is it? It check the change in the price of goods and services purchased by consumers.

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.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 22nd at 8:30am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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Core Retail Sales (CAD)

Coca Cola are Going to Drop Prices

MPC Official Bank Rate Votes

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What is it? It check the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.

When? October 22nd at 8:30am Eastern Time.

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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Other top stories:

Coca Cola are Going to Drop Prices

MPC Official Bank Rate Votes

MPC Asset Purchase Faciliy Votes

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What is it? The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future.

Usual Effect: If the speech will hint towards higher interest rates, you can expect the GBP to rise

When? October 22nd at 4:30am Eastern Time.

Trading Tip: This announcement can greatly affect the GBP, make sure to make your trades before.

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MPC Asset Purchase Faciliy Votes

Fed Chair Yellen Speaks

Building Permits (USD)

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What is it? The BOE's MPC meeting minutes contain the asset purchase vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on asset purchases and how close the committee is to enacting a change in future purchases.

Usual Effect: If the speech will hint towards higher interest rates, you can expect the GBP to rise

When? October 22nd at 4:30am Eastern Time.

Trading Tip: This announcement can greatly affect the GBP, make sure to make your trades before.

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

Other top stories:

Fed Chair Yellen Speaks

4 Tips for Today's Trading - 17/10

Building Permits (USD)

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US stocks finished with little change following comments by Fed members that there is no rush to increase interest rates due to worries that it could hamper global growth.

Asian markets were mixed today, while European markets were higher as a result of consistently bad data.

Oil is climbing despite a report from the EIA that showed inventories to climb by 8.932 million barrels.

Gold rose as weak data was released from the US. Investors are still afraid to take risks, pushing them into Gold as an alternative investment.

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Other top stories:

Fed Chair Yellen Speaks

4 Tips for Today's Trading - 17/10

Building Permits (USD)

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What is it? It checks the level of a composite index based on surveyed consumers;

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 17th at 9:55am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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

Other top stories:

Fed Chair Yellen Speaks

4 Tips for Today's Trading - 17/10

Building Permits (USD)

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