What is it? This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.

When? At 9:30Pm Eastern Time.

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

 

 

 

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What is it? It's among the primary tools the RBNZ uses to communicate with investors about monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? At 5:05pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the NZD to rise.

 

 

 

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What is it? The rate decision is often priced in the market so it tends to be overshadowed by the RBNZ Rate Statement which is focused on the future.

When? At 5:00pm Eastern Time.

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

 

 

 

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What is it? It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

When? At 8:30am Eastern Time.

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

 

 

 

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1) U.S. stocks opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. China's imports shrank far more than expected in August, falling for the 10th straight month. Imports fell 13.8 percent from a year earlier, more than the 8.2 percent drop economists had expected.

2) The dollar slipped lower against the other major currencies in subdued trade on Tuesday, amid mounting uncertainty over whether or not the Federal Reserve will raise interest rates at its meeting this month. The dollar was lower against the euro, with EUR/USD up 0.18% at 1.1190.

3) Gross domestic product in the euro zone rose more-than-expected in the last quarter, official data showed on Tuesday. In a report, Eurostat said that GDP rose to a seasonally adjusted 0.4%, from 0.5% in the preceding quarter whose figure was revised up from 0.3%. Analysts had expected GDP to rise 0.3% in the last quarter.

4) Crude oil futures were mixed in choppy trade on Tuesday, as a refinery closure weighed on West Texas Intermediate prices while Brent futures rallied, tracking strong gains in global equity markets.

5) U.S. small business confidence rose modestly in August, suggesting the economy continued to grow at a steady clip halfway through the third quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index gained half a point to 95.9 last month.

 

 

 

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