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Forex News – Important Forex News on 14th October 2016

Core Retail Sales m/m

Currency NameNews Name     Actual   Forecast  Previous
    USDCore Retail Sales m/m    ???     0.4%   -0.1%
SourceLatest Release
MeasuresChange in the total value of sales at the retail level, excluding automobiles;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 13 days after the month ends;
Also CalledRetail Sales Ex Autos;

PPI m/m

Currency NameNews Name     Actual   Forecast  Previous
USDPPI m/m     ???     0.2%   0.00%
SourceLatest Release
MeasuresChange in the price of finished goods and services sold by producers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 14 days after the month ends;
Why Traders CareIt’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer;
Also CalledFinished Goods PPI, Wholesale Prices, PPI for Final Demand;

Retail Sales m/m

Currency NameNews Name     Actual   Forecast  Previous
USDRetail Sales m/m      ???     0.6%    -0.3%
SourceLatest Release
MeasuresChange in the total value of sales at the retail level;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 13 days after the month ends;
Why Traders CareIt’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
Also CalledAdvance Retail Sales;

BOE Gov Carney Speaks

Currency NameNews Name     Actual   Forecast  Previous
     GBPBOE Gov Carney Speaks    
DescriptionDue to speak at the Future Forum 2016, in Birmingham;
SourceLatest Release
SpeakerBOE Governor Mark Carney;
Usual EffectMore hawkish than expected = Good for currency;
Why Trade CareAs 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;

Prelim UoM Consumer Sentiment

Currency NameNews Name     Actual   Forecast  Previous
  

   USD

Prelim UoM Consumer Sentiment???      92.1    91.2
SourceLatest Release
MeasuresLevel of a composite index based on surveyed consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, around the middle of the current month;
Why Traders CareFinancial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaSurvey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions;

Fed Chair Yellen Speaks

Currency NameNews Name     Actual   Forecast  Previous
      USDFed Chair Yellen Speaks    
DescriptionDue to deliver a speech titled “Macroeconomic Research After the Crisis” at the Federal Reserve Bank of Boston’s Annual Research Conference;
SourceLatest Release
SpeakerFederal Reserve Chair Janet Yellen;
Usual EffectMore hawkish than expected = Good for currency;
Why Trade CareAs head of the central bank, which controls short term interest rates, she has more influence over the nation’s currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy;

 

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