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Important Forex News On 22 November 2016 | Forexing24

Important Forex News On 19 November 2016 | Forexing24

Important Forex News On 22 November 2016 | Forexing24

Important Forex News: Core Retail Sales m/m

Currency NameNews Name     Actual   Forecast  Previous
CADCore Retail Sales m/m???0.6%0.0%
Source Latest Release
MeasureChange in the total value of sales at the retail level, excluding automobiles;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 50 days after the month ends;
Why Trade CareAutomobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;
Also CalledRetail Sales Ex Autos;

RBNZ Financial Stability Report

Currency NameNews Name     Actual   Forecast  Previous
EURRBNZ Financial Stability Report
SourceLatest Release
MeasureTwice per year;
Usual EffectMore hawkish than expected = Good for currency;
Why Traders CareIt provides insights into the bank’s view of inflation, growth, and other economic conditions that will affect interest rates in the future;
Acro ExpandReserve Bank of New Zealand (RBNZ);

RBNZ Gov Wheeler Speaks

Currency NameNews Name     Actual   Forecast  Previous
EURRBNZ Gov Wheeler Speaks
DescriptionDue to hold a press conference about the Financial Stability Report, in Wellington;
SourceLatest Release
SpeakerRBNZ Governor Graeme Wheeler;
Usual EffectMore hawkish than expected = Good for currency;
Why Traders 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;
Acro ExpandReserve Bank of New Zealand (RBNZ);

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