by Ntombi Malatsi | Feb 17, 2019 | ECONOMIC NEWS
Economic News To Watch This Week
|
Economic News 18 To 22 Feb 2019
LearnFxTrading.Net
|
| NEWS |
DATE |
NEW YORK TIME |
LOCAL TIME |
FORECAST |
CURRENCY |
| Monetary Policy Meeting Minutes |
18/02 |
7:30pm |
02:30am 19th |
N/A |
AUD |
| Average Earnings Index |
19/02 |
4:30am |
1130am |
3.5% |
GBP |
| Wage Price Index q/q |
19/02 |
7:30pm |
02:30am 20th |
0.3% |
AUD |
| FOMC Meeting Minutes |
20/02 |
2:00pm |
21:00pm |
N/A |
USD |
| Employment Change |
20/02 |
7:30pm |
02:30am 21st |
15.2K |
AUD |
| Unemployment Rate |
20/02 |
7:30pm |
02:30am 21st |
5.0% |
AUD |
| German Flash Services PMI |
21/02 |
3:30am |
10:30am |
52.8 |
EUR |
| Core Durable Goods Orders |
21/02 |
8:30am |
15:30pm |
0.2% |
USD |
| BOC Gov Poloz Speaks |
21/02 |
12:35pm |
19:35pm |
N/A |
CAD |
| RBA Gov Lowe Speaks |
21/02 |
5:30pm |
12:30am 22nd |
N/A |
AUD |
| Core Retail Sales m/m |
22/02 |
8:30am |
11:30am |
-0.5% |
GBP |
| ECB President Draghi Speaks |
22/02 |
10:30am |
17:30pm |
N/A |
USD |
by Ntombi Malatsi | Feb 9, 2019 | ECONOMIC NEWS
Economic News To Watch This Week
by Ntombi Malatsi | Feb 9, 2019 | ECONOMIC NEWS
About Bank of England (BOE)
Bank rate 0.75%
Governor Mark Carney
Head quarters Thread needle Street, London
What is Bank of England?
Bank of England is a Central Bank of the United Kingdom which was formed in 1694. Bank of England is responsible for setting the Bank Rates and also to maintain the Monetary Policy. Bank of England does not hold accounts for the public or issue loans to the public. BOE is usually priced in and overshadowed by a Monetary Policy Summary, which focuses more on the future. BOE Interest Rates is the rate at which the bank lends to financial institutions over night. Short term Interest Rates are a very important factor in currency valuation.
Why do Central Banks hike the Interest Rates?
When the economy is growing at a rate that may lead to hyperinflation (monetary inflation occurring at a very high rate)
Why do Central Banks cut the Interest Rates?
The Central bank may cut the Interest Rates to encourage people to borrow more money at a lower rate, be it for new houses or businesses. The aim is to also make saving money less attractive as the returns are lower when the rates are cut.
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Below is BOE’s annual schedule.
by Ntombi Malatsi | Feb 3, 2019 | ECONOMIC NEWS
Economic News To Watch This Week
by Ntombi Malatsi | Feb 3, 2019 | ECONOMIC NEWS
What is Consumer Price Index?
Consumer Price Index (CPI) is the most watched economic indicator. It is calculated then released by the Bureau of Labor Statistics, which is part of the Department of Labor.
What does Consumer Price Index measure?
It measures the change in price of goods and services purchased by the consumers excluding investment items such as stocks, bonds, real estates and life insurances. In short, Consumer Price Index measures the cost of living.
Why do we (traders) care
Consumer Price Index accounts for the majority of overall inflation. Inflation is important to currency evaluation. If the stats are good, they are considered as good for Australian Dollar which is likely to strengthen as a result and weakens when the stats are less than expected. Below is the Consumer Price Index for Australia. The stats are released quarterly. The first one was on the 29th of January and there’s 3 more left for 2019. Below is the annual schedule for Australia Consumer Price Index (CPI)
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