Very Important Data
1.
FED
Interest Rate Decision
Source: Federal Reserve
Federal Open Market Committee (FOMC) members vote on
where to set the target interest rate. Traders watch interest rate changes
closely as relative short term interest rates are a primary factor in currency
valuation.
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.
2.
U.S.
Federal Open Market Committee (FOMC) Statement
Source: Federal Reserve
The U.S. Federal Reserve's Federal Open Market
Committee (FOMC) statement is the primary tool the panel uses to communicate with
investors about monetary policy. It contains the outcome of the vote on
interest rates, discusses the economic outlook and offers clues on the outcome
of future votes.
A more dovish than expected statement could be taken
as negative/bearish for the USD, while a more hawkish than expected statement
could be taken as positive/bullish for the USD.
3.
U.S.
Gross Domestic Product (GDP) QoQ
Source: Bureau of Economic Analysis
Gross Domestic Product (GDP) measures the annualized
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 USD, while a weaker than forecast reading is
generally negative (bearish) for the USD.
4.
U.S.
Initial Jobless Claims
Source: Department of Labor
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.
5.
U.S.
Pending Home Sales MoM
Source: National Association of Realtors
The
National Association of Realtors (NAR) Pending Home Sales Report measures the
change in the number of homes under contract to be sold but still awaiting the
closing transaction. The report excludes new construction.
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.
6.
U.S. Building Permits
Building
Permits measures the change in the number of new building permits issued by the
government. Building permits are a key indicator in projecting future housing
starts.
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.
7.
U.S. Crude Oil Inventories
Source: Energy Information Administration
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.
8.
U.S. ISM
Non-Manufacturing Purchasing Managers Index (PMI)
Source: Institute for Supply Management
The Institute of Supply Management (ISM)
Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM
Services PMI) report on Business, is based on data compiled from monthly
replies to questions asked of more than 370 purchasing and supply executives in
over 62 different industries.
The NMI is a composite index based on the diffusion
indexes for four of the indicators with equal weights: Business Activity
(seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally
adjusted) and Supplier Deliveries.
A reading above 50 percent indicates the
non-manufacturing sector economy is generally expanding; below 50 percent
indicates the non-manufacturing sector is generally contracting. Given the
large proportion of the US economy engaged in the services sector, this report
offers insights into the health of the overall US economy.
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.
9.
U.S. ADP
Nonfarm Employment Change
Source:
Automatic Data Processing (ADP)
ADP is performing payroll services for its clients.
The ADP National Employment Report is a measure of the monthly change in
non-farm, private employment, based on the payroll data of approximately
400,000 U.S. business clients. The release, two days ahead of government data,
is used as a predictor of the government's Labour Market Report.
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.
Moderately Important Data
U.S. Gross Domestic Product (GDP) Price Index QoQ
The GDP Price Index measures the annualized change in
the price of all goods and services included in gross domestic product. It is
the broadest inflationary indicator as it stretches beyond just consumer goods
and services.
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.
Ref. These data
are taken from Investing.com
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