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Latest Forex News On 13 December 2016 | Forexing24

Important Forex News

Latest Forex News On 13 December 2016 | Forexing24

Latest Forex News: Industrial Production y/y

Currency NameNews Name     Actual   Forecast  Previous
CNYIndustrial Production y/y6.2%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 ViaChinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment;

 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/y2.3%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;
Derived ViaData represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010;

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