What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

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.

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

When? October 23rd 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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Retail Sales (GBP)

German Flash Manufacturing PMI (EUR)

Asian Stock Drop While Oil Falls

 

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What is it? It checks the change in the total value of inflation-adjusted sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

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

When? October 23rd 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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German Flash Manufacturing PMI (EUR)

Asian Stock Drop While Oil Falls

French Flash Manufacturing PMI (EUR)

 

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

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

When? October 23rd at 3:30am Eastern Time.

 

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

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Asian Stock Drop While Oil Falls

French Flash Manufacturing PMI (EUR)

RBA Gov Stevens Speaks (AUD)

 

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

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

When? October 23rd at 3:00am Eastern Time.

 

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

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

 

Other top stories:

RBA Gov Stevens Speaks (AUD)

Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

 

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US stocks sharply rose following a range of upbeat earnings and data. The strong data re- ignited speculation that the Fed could raise interest rates sooner than the second half of 2015.

Asian markets also saw strong gains. The Nikkei soared 2.64% higher as the Dollar made gains against the Yen.

European markets are higher today following news that the European Central Bank is considering purchasing corporate bonds.

Oil is trading choppy between $80.70/barrel and $82.70/barrel. Investors seem to be hesitant to place positions before next month’s OPEC meeting where a decision may be made to cut output as recent months have shown rising supplies and falling demand.

Gold climbed as weak US data led to speculation that interest rates could remain constant. However, yesterday’s strong US data pushed the price back down. The stock market is also rallying as earnings season is bringing mostly positive results. Climbing stocks cut demand for the metal as they act as an alternative investment.

 

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Other top stories:

HSBC Flash Manufacturing PMI (CNY)

RBA Gov Stevens Speaks (AUD)

4 Tips for Today's Trading - 22/10

 

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What is it? It checks thelevel of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

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

When? October 22nd at 9:45pm Eastern Time.

 

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

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

 

Other top stories:

RBA Gov Stevens Speaks (AUD)

Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

 

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What is it? It checks 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 NZD to rise.

When? October 22nd at 5:45pm Eastern Time.

 

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

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

 

Other top stories:

RBA Gov Stevens Speaks (AUD)

Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

 

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What is it? RBA Governor is due to speak at the Annual General Meeting of the Australian Payments and Clearing Association, in Sydney.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.

When? October 22nd at 5:00pm Eastern Time.

 

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

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Other top stories:

Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

BOC Rate Statement (CAD)

 

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What is it? Bank of Canada Governor, Gov Poloz, is due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the House of Commons Standing Committee on Finance, in Ottawa.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

When? October 22nd at 3:30pm Eastern Time.

 

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

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

 

Other top stories:

Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

BOC Rate Statement (CAD)

 

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