Sunday, 14 July 2024
(GMT -4) Est Time: 22:00
Importance: High
GDP (YoY) (Q2)
| Actual | |
| Forecast | 5.1%⬇️ |
| Previous | 5.35 |
Currency: CNY
Source Of Report:
National Bureau of Statistics of China (Release URL)
Gross Domestic Product (GDP) measures the inflation-adjusted value of all goods and services produced within an economy, serving as a comprehensive indicator of economic health. It includes consumption, investment, government spending, and net exports. A stronger-than-forecast GDP reading indicates robust economic growth, which is generally bullish for the Chinese Yuan (CNY) as it boosts investor confidence and demand for the currency. Conversely, a weaker-than-forecast GDP suggests economic slowdown, typically leading to a bearish outlook for the CNY due to reduced foreign investment and demand.
Monday, 15 July 2024
Holiday
Japan
Marine Day
(GMT -4) Est Time: 12:00
Importance: High
Fed Chair Powell Speakers 📢
Currency: USD
Source Of Report:
Federal Reserve (Release URL)
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is scheduled to speak. As the leader of the Fed, which controls short-term interest rates, he holds significant influence over the U.S. dollar’s value. Traders closely monitor his speeches for potential hints about future monetary policy.
Tuesday, 16 July 2024
(GMT -4) Est Time: 08:30
Importance: High
Core Retail Sales (MoM)
| Actual | |
| Forecast | 0.1% |
| Previous | -0.1% |
Currency: USD
Source Of Report:
Census Bureau (Release URL)
Core Retail Sales measures the change in the total value of retail sales in the U.S., excluding automobiles. This indicator is crucial for assessing consumer spending, which represents a significant portion of the U.S. GDP. A stronger-than-forecast reading is generally bullish for the USD, while a weaker-than-forecast reading is typically bearish for the USD.
(GMT -4) Est Time: 08:30
Importance: High
Retail Sales (MoM)
| Actual | |
| Forecast | -0.2% ⬇️ |
| Previous | 0.1% |
Currency: USD
Source Of Report:
Census Bureau (Release URL)
Retail Sales measure the change in the total value of sales at the retail level across the country, serving as a key indicator of consumer spending, which constitutes a significant portion of overall economic activity. A stronger-than-forecast reading typically supports (bullish) the USD, while a weaker-than-forecast reading is generally negative (bearish) for the USD.
Wednesday, 17 July 2024
Holiday
India
Moharram
(GMT -4) Est Time: 02:00
Importance: High
CPI (YoY)
| Actual | |
| Forecast | 1.9% ⬇️ |
| Previous | 2.0% |
Currency: GBP
Source Of Report: Office for National Statistics (Release URL)
The Consumer Price Index (CPI) tracks the change in prices of a basket of consumer goods and services. The central bank closely monitors this figure to maintain price stability. A reading stronger than forecast is generally bullish for the GBP, while a weaker reading is typically bearish for the GBP.
(GMT -4) Est Time: 05:00
Importance: High
CPI (YoY)
| Actual | |
| Forecast | 2.5% |
| Previous | 2.5% |
Currency: EUR
Source Of Report:
Eurostat (Release URL)
The Consumer Price Index (CPI) measures changes in the prices of a basket of consumer goods and services. The central bank closely monitors this figure to maintain price stability. A stronger-than-forecast reading is generally bullish for the EUR, while a weaker reading is typically bearish for the EUR.
(GMT -4) Est Time: 10:30
Importance: High
Crude Oil Inventories
| Actual | |
| Forecast | |
| Previous | -3.443M |
Currency: USD
Source Of Report:
Energy Information Administration (Release URL)
The Energy Information Administration’s (EIA) Crude Oil Inventories report measures the weekly change in the number of barrels of commercial crude oil held by U.S. firms. Inventory levels influence petroleum prices, impacting inflation. If crude inventories increase more than expected, it suggests weaker demand and is bearish for crude prices. Conversely, if the increase is less than expected, it indicates stronger demand and is bullish for prices. Similarly, a smaller-than-expected decline in inventories is bearish, while a larger-than-expected decline is bullish for crude prices.
Thursday, 18 July 2024
(GMT -4) Est Time: 08:15
Importance: High
Deposit Facility Rate
| Actual | |
| Forecast | 3.75% |
| Previous | 3.75% |
Currency: EUR
Source Of Report: European Central Bank (Release URL)
(GMT -4) Est Time: 08:15
Importance: High
ECB Interest Rate Decision
| Actual | |
| Forecast | 4.25% |
| Previous | 4.25% |
Currency: EUR
Source Of Report: European Central Bank (Release URL)
The European Central Bank announces its decision on the benchmark interest rate, a key factor in currency valuation. Traders closely monitor these changes in interest rates. A rate higher than forecast is generally bullish for the EUR, while a lower rate is typically bearish for the EUR.
(GMT -4) Est Time: 08:30
Importance: High
Initial Jobless Claims
| Actual | |
| Forecast | 229K⬆️ |
| Previous | 222K |
Currency: USD
Source Of Report: Department of Labor (Release URL)
Initial Jobless Claims track the number of individuals who filed for unemployment insurance for the first time in the past week. This data is among the most current U.S. economic indicators, though its market impact can vary. A higher-than-forecast reading is typically bearish for the USD, while a lower-than-forecast reading is generally bullish for the USD.
(GMT -4) Est Time: 08:30
Importance: High
Philadelphia Fed Manufacturing Index
| Actual | |
| Forecast | 2.7 |
| Previous | 1.3 |
Currency: USD
Source Of Report:
Federal Reserve Bank of Philadelphia (Release URL)
The Philadelphia Federal Reserve Manufacturing Index assesses business conditions among manufacturers in the Federal Reserve district. A reading above zero indicates improving conditions, while a reading below zero suggests worsening conditions. The index is based on a survey of approximately 250 manufacturers in the Philadelphia Federal Reserve district. A stronger-than-forecast reading is generally bullish for the USD, while a weaker-than-forecast reading is typically bearish for the USD.
(GMT -4) Est Time: 08:45
Importance: High
ECB Press Conference📢
Currency: EUR
Source Of Report:
European Central Bank (Release URL)
The European Central Bank (ECB) holds a monthly press conference about 45 minutes after announcing the Minimum Bid Rate. The conference lasts around an hour and consists of two parts: a prepared statement followed by a Q&A session with the press. During the conference, the ECB discusses the factors influencing its interest rate decision, the overall economic outlook, and inflation. Importantly, it offers insights into future monetary policy. The Q&A session often leads to unscripted answers, causing high volatility in the markets.
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