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Important Forex News On 14 December 2016 | Forexing24

Important Forex News On 14 December 2016 | Forexing24

Important Forex News On 14 December 2016 | Forexing24

Important Forex News: 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;
FF NotesData 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;

Claimant Count Change

Currency NameNews Name     Actual   Forecast  Previous
GBPClaimant Count Change???6.2K9.8K
SourceLatest Release
MeasureChange in the number of people claiming unemployment-related benefits during the previous month;
Usual EffectActual < Forecast = Good for currency;
FrequencyReleased monthly, about 16 days after the month ends;
Why Trade CareAlthough it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy;
Also CalledJobless Claims, Unemployment Change;

Crude Oil Inventories

Currency NameNews Name     Actual   Forecast  Previous
USDCrude Oil Inventories???-1.4M-2.4M
SourceLatest Release
MeasureChange in the number of barrels of crude oil held in inventory by commercial firms during the past week;
Usual EffectNo consistent effect – there are both inflationary and growth implications;
FrequencyReleased weekly, 4 days after the week ends;
Why Trade CareIt influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;
Also CalledCrude Stocks, Crude Levels;

Retail Sales m/m

Currency NameNews Name     Actual   Forecast  Previous
USDRetail Sales m/m???0.3%0.8%
SourceLatest Release
MeasureChange 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 Trade CareIt’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
Derived ViaAdvance Retail Sales;

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Saimon Akash

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