It's Monday. New week of trading is ahead.
It's Monday. New week of trading is ahead.
What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.
When? At 8:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.
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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
When? At 7:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
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The dollar rallied to six-month highs against the other major currencies on Friday, after the release of strong U.S. employment data added to expectations for a December rate hike by the Federal Reserve.
The dollar rallied against the euro, with EUR/USD down 1.32% at six-month lows of 1.0738.
The U.S. Labor Department said the economy added 271.000 jobs last month, exceeding expectations for a 180.000 rise. The U.S. economy added 137.000 jobs in September, whose figure was revised from a previously estimated increase of 142.000.
The U.S. unemployment rate ticked down to 5.0% in October from 5.1% the previous month. Analysts had expected the unemployment rate to remain unchanged last month.
The report also showed that average hourly earnings rose 0.4% last month, more than the expected 0.2% gain, after a flat reading in September.
The strong data added to expectations for the U.S. to raise interest rates after Fed Chair Janet Yellen said on Wednesday that a December rate hike is a "live possibility," depending on economic data.
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It's a very important day for the U.S. economy and global financial markets.
What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.
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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the CAD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
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How I Made Over $30,000 a Year by Investing in Binary Options
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