Monday, 12 August 2024
Holiday
Japan – Moutain Day
Tuesday, 13 August 2024
(GMT -4) Est Time: 08:30
Importance: High
PPI (MoM)
| Actual | |
| Forecast | 0.2% |
| Previous | 0.2% |
Currency: USD
Source Of Report:
U.S Bureau of Labor Statistics – Department of Labor (Release URL)
The Producer Price Index (PPI) measures a change in input prices of raw, semi-finished or finished goods and services. If input costs rise, some will be absorbed by the producer and some passed on to the consumer. Conversely, if input costs fall, some of the decline will be enjoyed as wider profit margins by the producer and some will be passed on to the consumer in the form of lower prices. Because PPI impacts consumer prices, it is watched by central bankers as part of fulfilling their mandate of price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 22:00
Importance: High
RBNZ Interest Rate Decision
| Actual | |
| Forecast | 5.5% |
| Previous | 5.5% |
Currency: NZD
Source Of Report:
Reserve Bank of New Zealand (Release URL)
The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.
Wednesday, 14 August 2024
(GMT -4) Est Time: 02:00
Importance: High
CPI (YoY)
| Actual | |
| Forecast | 2.3% |
| Previous | 2.0% |
Currency: GBP
Source Of Report:
Office for National Statistics (Release URL)
The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
(GMT -4) Est Time: 08:30
Importance: High
Core CPI (MoM)
| Actual | |
| Forecast | 0.2% |
| Previous | 0.1% |
Currency: USD
Source Of Report:
U.S Bureau of Labor Statistics – Department of Labor (Release URL)
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The Central bank pays very close attention to this figure in its role of maintaining price stability. Because the Fed believes that core inflation is a better gauge of underlying price pressures, it is more closely watched than overall inflation which tends to be more volatile.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 08:30
Importance: High
CPI (MoM)
| Actual | |
| Forecast | 0.2% |
| Previous | -0.1% |
Currency: USD
Source Of Report:
U.S Bureau of Labor Statistics – Department of Labor (Release URL)
The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 8:30
Importance: High
CPI (YoY)
| Actual | |
| Forecast | 3.0% |
| Previous | 3.0% |
Currency: USD
Source Of Report:
U.S Bureau of Labor Statistics – Department of Labor (Release URL)
The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 10:30
Importance: High
Crude Oil Inventories
| Actual | |
| Forecast | |
| Previous | -3.728M |
Currency: USD
Source Of Report:
Energy Information Administration (Release URL)
The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
(GMT -4) Est Time: 19:50
Importance: High
GDP (QoQ)
| Actual | |
| Forecast | 0.6% |
| Previous | -0.5% |
Currency: JPY
Source Of Report:
Cabinet Office (Release URL)
Gross Domestic Product (GDP) measures the change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
A reading that is stronger than forecast is generally supportive (bullish) for the JPY, while a weaker than forecast reading is generally negative (bearish) for the JPY.
Thursday, August 15, 2024
Holiday
Italy – Assumption Day
Holiday
India – Independence Day
Holiday
South Korea – Liberation Day
(GMT -4) Est Time: 2:00
Importance: High
GDP (QoQ)
| Actual | |
| Forecast | 0.6% |
| Previous | 0.7% |
Currency: GBP
Source Of Report:
Office for National Statistics (Release URL)
Gross Domestic Product (GDP) gauges the inflation-adjusted value of all goods and services produced within the economy. It is the most comprehensive measure of economic activity and an important indicator of economic health.
A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
(GMT -4) Est Time: 2:00
Importance: High
GDP (YoY)
| Actual | |
| Forecast | |
| Previous | 0.3% |
Currency: GBP
Source Of Report:
Office for National Statistics (Release URL)
Gross Domestic Product (GDP) gauges the inflation-adjusted value of all goods and services produced within the economy. It is the most comprehensive measure of economic activity and an important indicator of economic health.
A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
(GMT -4) Est Time: 2:00
Importance: High
GDP (MoM)
| Actual | |
| Forecast | 0.1% |
| Previous | 0.4% |
Currency: GBP
Source Of Report:
Office for National Statistics (Release URL)
Gross Domestic Product (GDP) gauges the inflation-adjusted value of all goods and services produced within the economy. It is the most comprehensive measure of economic activity and an important indicator of economic health.
A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
(GMT -4) Est Time: 08:30
Importance: High
Core Retail Sales (MoM)
| Actual | |
| Forecast | 0.1% |
| Previous | 0.4% |
Currency: USD
Source Of Report:
Census Bureau (Release URL)
Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending which accounts for a large percentage of US GDP.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 08:30
Importance: High
Initial Jobless Claims
| Actual | |
| Forecast | 235K |
| Previous | 233K |
Currency: USD
Source Of Report:
Department of Labor (Release URL)
Initial Jobless Claims measures the number of people who filed for unemployment insurance for the first time during the past week. This is the most timely U.S. economic data, but the market impact varies from week to week.
A reading that is higher than forecast is generally negative (bearish) for the USD, while a lower than forecast reading is generally supportive (bullish) for the USD.
(GMT -4) Est Time: 08:30
Importance: High
Philadelphia Fed Manufacturing Index
| Actual | |
| Forecast | 5.6 |
| Previous | 13.9 |
Currency: USD
Source Of Report:
Federal Reserve Bank of Philadelphia (Release URL)
The Philadelphia Federal Reserve Manufacturing Index measures the relative level of business conditions amongst manufacturers in the Federal reserve district. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
(GMT -4) Est Time: 08:30
Importance: High
Retail Sales (MoM)
| Actual | |
| Forecast | 0.4% |
| Previous | 0.0% |
Currency: USD
Source Of Report:
Census Bureau (Release URL)
Retail Sales gauges the change in the aggregate value of sales at the retail level across the country. It is an important indicator of consumer spending accounting for the majority of overall economic activity.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
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The post Economic Week Ahead: August 11-17, 2024 appeared first on Ox Securities.
