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.
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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.
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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.
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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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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.
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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? It's among the primary method the BOC uses to communicate with investors regarding 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.
Usual Effect: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.
When? October 22nd at 11:15am 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:
Overnight Rate (CAD)
4 Tips for Today's Trading - 22/10
BOC Rate Statement (CAD)
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What is it? It checks the change in interest rate at which major financial institutions borrow and lend overnight funds between themselves.
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.
Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.
When? October 22nd at 10:00am Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
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4 Tips for Today's Trading - 22/10
BOC Rate Statement (CAD)
Core CPI (USD)
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Market Moves
US stock futures are looking soft after markets posted a sharp rally over the past four trading days.
Stocks have been extremely volatile this month as a range of concerns have shaken investor confidence. Slower economic growth and spreading Ebola are among the factors spooking investors.
2) Gold & Oil
Gold prices are dipping and oil prices are edging up.
3) Yahooooo!
Shares in Yahoo (YHOO, Tech30) are set for a 3% pop after the Web giant said profit soared in the third quarter. It earned $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in history.
4) International Markets Overview
European markets were slipping lower in early trading, while nearly all major Asian markets closed with gains. The Nikkei in Japan was a standout performer, rising by 2.6% Wednesday after dropping 2% on Tuesday.
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Other top stories:
BOC Rate Statement (CAD)
Core CPI (USD)
Core Retail Sales (CAD)
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What is it? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.
Usual Effect: If the announcement will hint towards higher interest rates, you can expect the CAD to rise
When? October 22nd at 10:00am Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
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Core CPI (USD)
Core Retail Sales (CAD)
Coca Cola are Going to Drop Prices
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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.
Usual Effect: If the announcement will hint towards higher interest rates, you can expect the CAD to rise
When? October 22nd at 10:00am Eastern Time.
Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.
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Other top stories:
Core CPI (USD)
Core Retail Sales (CAD)
Coca Cola are Going to Drop Prices
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What is it? It check the change in the price of goods and services purchased by consumers, excluding food and energy.
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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Other top stories:
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 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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Other top stories:
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.
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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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