Tomorrow is more than 47 market Events show in Echonomic Calendar. 3 Event’s show high effective on market.
Tomorrow is more than 47 Market Events show in Echonomic calendar. But I think 3 events are more effective. Those 3 events I’ll explain to all of you in details as per following.
1> AUSTRALIAN DOLLAR (AUD) Bullish effect : The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.
2> GREAT BRITISH POUND (GBP) Bullish or Bearish effect : 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 purchase power of 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).
3> UNITED STATE DOLLAR (USD) Bullish effect : The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the “advance” report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.
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