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The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.
As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth.
Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc. The percentage of people in the total - labor force without jobs but willing to work and are actively seeking employment.
Lower unemployment bodes well for the economy, translating into more income-earning workers and greater consumption. While such increased expenditure accelerates economic growth, it can also heighten inflationary pressures. On the other hand, a higher unemployment rate tends to lead to lower consumer spending and a contracting economy. The Unemployment Rate is one of the most watch headline indicators of Canada 's labour market.
The net change in the number of people employed in Canada. Increases in employment are generally accompanied by higher consumption and expenditure levels. At the same time, higher employment, consumption and expenditures may lead to heightened inflationary pressures that encourage central banks to tighten monetary policy. If the Bank of Canada were to raise interest rates, it would put upward pressure on the Canadian dollar.
Because this is the main employment report in Canada it tends to have significant impact on the market. The headline figure is the change in employment in thousands.
Need to ask questions to an analyst? Join the Canadian employment change live broadcast. The difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada 's GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates.
Negative International Merchandise Trade deficit indicates that imports of goods are greater than exports. When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods. Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows Canadian International Securities Transactions tracks such capital flows.
At a bare minimum, surpluses will buoy the value of the currency. There are a number of factors that work to diminish the market impact of Canadian Merchandise Trade on markets. The report is not very timely, released about three months after the reporting quarter. Developments in many of the components that comprise the figure are also usually well anticipated.
Lastly, since the report reflect data for a specific reporting quarter, any significant changes in the Merchandise Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of Canada.
The headline figure for trade balance is expressed in millions of Canadian dollars and usually accompanied by a year-on-year percentage change figure. The trade balance is one of the biggest components of the US's Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar. A positive Trade Balance surplus indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country.
Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows US Net Foreign Security Purchases, or TICs data reports on such capital flows. At a bare minimum, deficits fundamentally weigh down the value of the currency. There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period.
Developments in many of the figure's components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US.
The headline figure for trade balance is expressed in billion of dollars. Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy.
Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely. Unemployment is the single most popularly used figure to give a snapshot of US labor market conditions.
Because the Federal Reserve is under strict pressure to keep unemployment under control, high unemployment puts downward pressure on interest rates, as the Fed will look to bolster the economy to remedy the employment situation. More generally, unemployment is indicative of the economy's production, private consumption, workers' earnings, and consumer sentiment. A lower unemployment rate translates into more employed individuals with paychecks, which leads to higher consumer spending, economic growth and potential inflationary pressures.
Conversely, high levels of unemployment are connected with lower incomes, lower spending, and economic stagnation. An indicator of how the average level of pay is changing.
The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee's additional potential to spend.
The figure is either measured in hourly or weekly averages or as a percent change from the previous month. Data sourced by Thomson Reuters DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements. Keep track of significant events that traders care about. As soon as event data is released, the DailyFX calendar automatically updates to provide traders with instantaneous information that they can use to formulate their trading decisions.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.
Prev Week Sun Sep. Table Key L Low Importance. In this session, we discussed the power of incorporating candlestick reversal patterns into one's trading arsenal. Sentiment data provided by IG Data updated in real-time. Take a free trading course with IG Academy Our interactive online courses help you develop the skills of trading from the ground up. Live, interactive sessions Develop your trading knowledge with our expert-led webinars and in-person seminars on a huge range of topics.
Upcoming Events Economic Event. Forex Economic Calendar A: E-Mail Please enter valid email. Country Please Select Please select a country. How Forex Trading Works. Instructions for joining the webinar have been sent to your inbox. Add webinar series to calendar. Daily cycles can vary in length for different assets, but in general The U. The previous daily cycle topped out on day 4 then rolled over for a good solid move lower over a 16 day period. The dark black line showing the resistance zone for USD.
S Dollar is NOT reversing its downward trajectory here — hell no. I welcome your comments. Trolls and fans alike……. The world is crazy! Trump continues to confuse….. And now another massive depreciation of the U. S Dollar to boot? On occasion I love to get down in to the trenches as well… short-term trading an hourly chart — something I call fun! Teetering on the edge…. S D as suggested looking to fall off a cliff. Coming full circle, as things more often than not do……..
Oh yes……you know it. You see the dark black line? This has been a pretty brutal consolidation in Bitcoin and all crypto for the most part as — the entire crypto space currently rests on the shoulders of our beloved BTC.
You get it right? Like the old days of Forex….. With billions in trading volume….
Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows US Net Foreign Security Purchases, or TICs data reports on such capital flows. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
The average amount of pre-tax earnings per regular employee, including overtime pay and bonuses. The headline number is the projected value of the Non-Manufacturing Diffusion Index for the next quarter.