Consumer Price Index, UK
WHEN: WHAT IT INFLUENCES:
20 October 2021 GBP and its subsequent pairs
WHAT’S HAPPENING:
The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of the GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
Bank of Canada Consumer Price Index Core
WHEN: WHAT IT INFLUENCES:
20 October 2021 CAD and its subsequent pairs
WHAT’S HAPPENING:
The Bank of Canada releases the Consumer Price Index Core. ‘Core’ CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and it is positive (or bullish) for the CAD.
Initial Jobless Claims, USA
WHEN: WHAT IT INFLUENCES:
21 October 2021 USD and its subsequent pairs
WHAT’S HAPPENING:
The Initial Jobless Claims released by the U.S. Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labour market. A larger than expected number indicates weakness in this market which influences the strength and direction of the U.S. economy. If jobless claims fall, it is seen as positive or bullish for the USD.
Market Manufacturing PMI, Germany
WHEN: WHAT IT INFLUENCES:
22 October 2021 EUR and its subsequent pairs
WHAT’S HAPPENING:
The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany’s overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
Market PMI Composite, Germany
WHEN: WHAT IT INFLUENCES:
22 October 2021 EUR and its subsequent pairs
WHAT’S HAPPENING:
The PMI monthly Composite Reports on Manufacturing and Services released by Markit Economics are based on business executives in private sector manufacturing companies and private sector services companies. The result is a percentage of respondents reporting an improvement, deterioration, or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change from the last month, a level above 50.0 calls an increase (improvement), a level below 50.0 signals a decrease (contraction).
Market Services PMI, UK
WHEN: WHAT IT INFLUENCES:
22 October 2021 GBP and its subsequent pairs
WHAT’S HAPPENING:
The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the U.K. services sector. It captures an overview of sales and employment conditions. The U.K. service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading, which is seen as a positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
Notable economic data releases are as follows:
Monday
- New Zealand: CPI (Q3)
- China: GDP Growth Rate (Q3)
- China: Industrial Production (SEP)
- China: Retail Sales (SEP)
- China: Unemployment Rate (SEP)
- Canada: Housing Starts (SEP)
- US: Industrial Production (SEP)
- US: Manufacturing Production (SEP)
- US: NAHB Housing Market Index (OCT)
- Canada: Business Outlook Survey Indicator (Q3)
Tuesday
- Australia: RBA Meeting Minutes
- US: Housing Starts (SEP)
- US: Building Permits(SEP)
Wednesday
- Japan: Trade Balance (SEP)
- China: House Price Index (SEP)
- Germany: PPI (SEP)
- UK: Inflation Data (SEP)
- Eurozone: Inflation Rate Final (SEP)
- Canada: Inflation Rate (SEP)
- US:Crude Inventories
Thursday
- UK: CBI Business Optimism Index (Q4)
- UK: CBI Industrial Trends Orders (OCT)
- Canada: New Housing Price Index (SEP)
- US: Philly Fed Manufacturing Index (OCT)
- EU: Consumer Confidence Flash (OCT)
- US: Existing Home Sales (SEP)
Friday
- Global: Manufacturing and Services PMI Flashes (OCT)
- Japan: Inflation Rate (SEP)
- UK: Retail Sales (SEP)
- Canada: Retail Sales (AUG)
- Canada: Manufacturing Sales Prel (SEP)
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