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Important Forex News On 12 December 2016 | Forexing24

Important Forex News On 12 December 2016 | Forexing24

Important Forex News On 12 December 2016 | Forexing24

Important Forex News: Industrial Production y/y

Currency NameNews Name     Actual   Forecast  Previous
CNYIndustrial Production y/y???6.1%6.1%
SourceLatest Release
MeasureChange in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, excluding Feb, about 15 days after the month ends;
Why Trade CareIt’s a leading indicator of economic health – production is the dominant driver of the economy and reacts quickly to ups and downs in the business cycle;
Derived ViaIndustrial Output;

CPI y/y

Currency NameNews Name     Actual   Forecast  Previous
GBPCPI y/y???1.1%0.9%
SourceLatest Release
MeasureChange in the price of goods and services purchased by consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 16 days after the month ends;
Why Trade CareConsumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of various goods and services are sampled and then compared to the sampling done a year earlier;

Average Earnings Index 3m/y

Currency NameNews Name     Actual   Forecast  Previous
GBPAverage Earnings Index 3m/y???2.3%2.3%
SourceLatest Release
MeasureChange in the price businesses and the government pay for labor, including bonuses;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 45 days after the month ends;
Why Trade CareIt’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer;
Also CalledAverage Earnings Including Bonuses;

Core Retail Sales m/m

Currency NameNews Name     Actual   Forecast  Previous
USDCore Retail Sales m/m???0.4%0.8%
SourceLatest Release
MeasureChange 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;
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;
Derived ViaRetail Sales Ex Autos;

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