The Westpac Consumer Sentiment measures the change in the level of consumer confidence in economic activity.
It is a leading indicator as it can predict the consumer spending, which is a major
part in the total economic activity.
The reading is concluded from a survey of about 1,200 consumers that asks respondents to evaluate the prospects for the economy in the future.
Higher readings point to higher consumer optimism. Therefore -A higher than expected reading should be taken as positive/bullish for the AUD,
while a lower than expected reading should be taken as negative/bearish for the AUD.
The Core Machinery Orders measures the monthly change in machinery orders,
excluding ships and Utilities.
It is a key indicator of investment and a leading indicator of production.
A rise trend in the number of orders indicates expansion of the Japanese economy.
A higher than expected reading should be taken as positive/bullish for the JPY,
while a lower than expected reading should be taken as negative/bearish for the JPY.
The Corporate Goods Price Index (CGPI) measures the change in the selling prices of goods purchased by Japanese corporations.
The CPGI measures the change in the rate of inflation in Japan from the perspective of the manufacturer and is correlated with the CPI.
A higher than expected reading should be taken as positive/bullish for the JPY
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the JPY.
The Home Loans measures the change in the number of Home Loans.
It provides information about the buyers in the housing market in Australia.
A higher than expected reading should be taken as positive/bullish for the AUD,
while a lower than expected reading should be taken as negative/bearish for the AUD.
The German Consumer Price Index (CPI) measures the changes in the price of goods
and services. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in Germany.
A higher than expected reading should be taken as positive/bullish for the EUR
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the EUR.
The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of a country's balance of payments.
Export data can give reflection on Germany's growth.
Imports provide an indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the EUR.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The French Industrial Production measures the change in the total outputs of the French factories, mines, and utilities.
It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Italian Industrial Production measures the change in the total outputs of the Italian factories, mines, and utilities.
It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Manufacturing Production measures the change in the total outputs of the UK manufacturing.
It gives us a good indicator of strength in the manufacturing sector. Manufacturing industries make up about 80% of total Industrial Production.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Industrial Production measures the change in the total outputs of the UK's factories, mines, and utilities.
It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The MBA Mortgage Applications is a weekly survey which measures the change in the number of new Mortgage Applications during a given week.
It provides information about the buyers in the housing market in the US.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The NIESR GDP Estimate is an unofficial report of the UK GDP.
It measures the change in the estimated value of all goods and services produced by the economy during the previous 3 month.
Usually this report is very reliable and gives a good reflection on the UK economy's growth. A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Wholesale Inventories measures the change in the worth of unsold goods held by wholesalers.
High number can suggest lack of consumer demand.
Therefore - A higher than expected reading should be taken as negative/bearish for the USD,
while a lower than expected reading should be taken as positive/bullish for the USD.
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
Jean-Claude Trichet (born 20 December 1942) is a French civil servant who is the current president of the European Central Bank, a position he has held since 2003.
As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person.
His comments may determine a short-term positive or negative trend.
The Federal Budget Balance (also known as Treasury Budget)
measures the difference in value between the federal government's income and spending during the given month (income minus spending).
A negative number indicates a budget deficit, while a positive number indicates a surplus.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Reserve Bank of New Zealand (RBNZ) decision on short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation.
The primary objective of the central bank is to achieve price stability.
High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the NZD,
while a lower than expected rate is negative/bearish for the NZD.
The Business NZ PMI measures the activity level of purchasing managers in the manufacturing sector.
Any reading above 50 indicates expansion,
while a reading below 50 indicates contraction.
It gives an indication about the health of the manufacturing section and production growth in New-Zealand.
A higher than expected reading should be taken as positive/bullish for the NZD,
while a lower than expected reading should be taken as negative/bearish for the NZD.
The Food Price Index (FPI) measures the change in the rate of inflation for food and food services purchased by households.
The FPI can reflect demand for New Zealand products and for the NZD.
A higher than expected reading should be taken as positive/bullish for the NZD,
while a lower than expected reading should be taken as negative/bearish for the NZD.
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