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Market Update 11 December 2017 – 15 December 2017

Monday, December 11, 2017

*15:00(GMT): USD – JOLTs Job Openings (Oct)

A survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers about their businesses’ employment, job openings, recruitment, hires and separations.

JOLTS defines Job Openings as all positions that are open (not filled) on the last business day of the month. A job is “open” only if it meets all three of the following conditions:
A specific position exists and there is work available for that position.

The job could start within 30 days, whether or not the establishment finds a suitable candidate during that time.

There is active recruiting for workers from outside the establishment location that has the opening.

A reading that is stronger than forecast is generally supportive for the USD, while a weaker than forecast reading is generally negative for the USD.

*The hours mentioned above are in GMT

Tuesday, December 12, 2017

*09:30(GMT): GBP – CPI (YoY) (Nov)

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive for the GBP, while a lower than expected reading should be taken as negative for the GBP.

*10:00(GMT): EUR – German ZEW Economic Sentiment (Dec)

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.

A higher than expected reading should be taken as positive for the EUR, while a lower than expected reading should be taken as negative for the EUR.

*13:30(GMT): USD – PPI (MoM) (Nov)

The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.

A higher than expected reading should be taken as positive for the USD, while a lower than expected reading should be taken as negative for the USD.

*The hours mentioned above are in GMT

Wednesday, December 13, 2017

* 09:30(GMT): GBP – Claimant Count Change (Nov)

Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.

A higher than expected reading should be taken as negative for the GBP, while lower than expected reading should be taken as positive for the GBP.

*13:30(GMT): USD – Core CPI (MoM) (Nov)

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive for the USD, while a lower than expected reading should be taken as negative for the USD.

*19:00(GMT): USD – Fed Interest Rate Decision

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short-term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive for the USD, while a lower than expected rate is negative for the USD.

*The hours mentioned above are in GMT

Thursday, December 14, 2017

*08:30(GMT): CHF – SNB Interest Rate Decision

Swiss National Bank (SNB) governing board members come to a consensus on where to set the target range for the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive for the CHF, while a lower than expected rate is negative for the CHF.

*09:00(GMT): CHF – SNB Press Conference

N/A

*09:30(GMT): GBP – Retail Sales (MoM) (Nov)

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
A higher than expected reading should be taken as positive for the GBP, while a lower than expected reading should be taken as negative for the GBP

*12:00(GMT): GBP – BoE Interest Rate Decision (Dec)

Bank of England (BOE) monetary policy committee members vote on where to set the rate. Traders watch interest rate changes closely as short-term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive for the GBP, while a lower than expected rate is negative for the GBP.

*12:45(GMT): EUR – ECB Interest Rate Decision (Dec)

The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive for the EUR, while a lower than expected rate is negative for the EUR.

*12:45(GMT): USD – Core Retail Sales (MoM) (Nov)

Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.
A higher than expected reading should be taken as positive for the USD, while a lower than expected reading should be taken as negative for the USD.

*The hours mentioned above are in GMT

Friday, December 15, 2017

*10:30(GMT): RUB – Interest Rate Decision (Dec)

The Bank Rossii decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best “risk-free” return on their money, which can dramatically increase demand for the nation’s currency.

A higher than expected rate is positive for the RUB, while a lower than expected rate is negative for the RUB.

*The hours mentioned above are in GMT

 


 

Source of all of the above information: Investing.com

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