Month: October 2022

The survey also finds that consumers expect income growth to be at 3.1% at the same point and think spending to be faster at 5%. Consumer sentiment as measured by the University of Michigan showed a dip in April, but the index was ahead of gains recorded in December and January. With prices for services still increasing even as prices for goods level off, households continue to be concerned about the high level of prices and high interest rates but are still spending.

The Reserve Bank of New Zealand: A Trader’s Guide

Our economic calendar showcases relevant events to help you trade these markets too. You can also dig deeper into global financial trends and events with our latest news and analysis articles. Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in. Select specific time zones and currencies of interest and apply filters to refine results and fit your strategy. Employment numbers released late last week pointed to continued economic growth but with a softening trend in the labor market. Payrolls grew by 175,000 jobs in April and the unemployment rate rose slightly, going back to the 3.9% seen in February.

USD/CAD retreats from 1.3700 as US Dollar falls sharply, US Inflation in focus

Prior to the release of economic data, analysts try to forecast the results and a consensus estimate is formed. If the data is very important and the reported value is significantly different than estimates, high volatility can ensue. And a forex economic calendar with fast streaming data is key to understand if a price spike might happen. The federal government, large universities, and other organizations regularly publish reports showing the status of a specific measure of economic activity, such as durable good sales, unemployment and retail sales.

TRADING ECONOMIC EVENT: EXPERTS ADVICE

If prices gap 50 pips for example, it means within that 50-pip range there is no liquidity and you cannot exit a trade or enter a new one for the moment. The Forex market is traded 24/7 and is largely driven by economic news and data. Each and every economic event is labeled with an impact from no-impact to low, medium and high impact as well as the previous, consensus and actual result. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions.

While substantial progress has been made on inflation since its peak in 2022, high prices are sticking around longer than expected. The price index for gross domestic purchases (not to be confused with gross domestic product) was up 3.1% year over year in the first quarter, compared with 1.9% in the fourth quarter. The Personal Consumption Expenditures Price Index followed by the Federal Reserve showed year-over-year inflation at 3.4%, compared with 1.8% in the economic calendar feed previous quarter. Excluding food and energy prices, PCE inflation was at 3.7%, compared with 2% in the previous quarter. The U.S. economy lost some spring in its step during the first quarter as the pace of growth declined and the downshift came with an unexpected bout of inflation. But even with signs that the economic expansion is decelerating, the economy remains resilient, boosted by a solid job market and continued spending by consumers and businesses.

Census Bureau were stronger than expected in March, with year-over-year growth hitting 4%, which compared with 2.1% in February. Retail sales gains over the last several months have been partially driven by higher prices but retail price increases in general have been slowing. As expected, the Fed’s Federal Open Market Committee left the federal funds target range unchanged at 5.25%-5.5% at last week’s meeting. The committee believes it will likely take somewhat longer for inflation to fall to the Fed’s objective of 2%, and there is still a good deal of uncertainty regarding the timing of a rate change. With the labor market still rebalancing, economic growth still steady and financial conditions easy, we expect the Fed will likely push out the decision on easing of interest rates for some time yet.

By comparing the results of an economic report to the previous release of that report, investors can identify general economic data and trends. Financial markets remain quiet to start the new week and major currency pairs fluctuate near the previous week’s closing levels. The economic calendar will not offer any high-tier data releases on Monday and investors will continue to scrutinize comments from central bank officials. Consumers continue to expect that inflation will be at about 3% a year from now, according to the latest New York Fed survey.

Much of the economic data paints a picture that the overall U.S. economy remains in very good shape. Solid employment growth together with rising wages continue to support household income and spending. The three-month average payroll gain reached 276,000 in March, the fastest pace in a year. Despite the notable increase in payrolls the unemployment rate in March remained nearly the same at 3.8%, compared with 3.9% in February.

Meanwhile, data from the Employment Cost Index shows year-over-year private industry wage growth averaged 4.3% in the first quarter, unchanged from the fourth quarter of 2023. While wage growth has provided workers with real pay gains that should continue their ability and willingness to spend, higher wages could also provide further upward pressure on inflation. That’s unwelcome news for Federal Reserve officials looking to contain inflation pressure.

The recent strength of job growth is being fueled in part by growth in foreign-born workers and therefore should not put upward pressure on wage growth. The labor market appears to be settling into better balance, with the latest Job Openings and Labor Turnover Survey data showing that openings fell to their lowest level in three years in March while both the number of people quitting and the number hired slowed. That implies that the labor market is gradually loosening and should take some pressure off wage growth.

1. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
2. Payrolls grew by 175,000 jobs in April and the unemployment rate rose slightly, going back to the 3.9% seen in February.
3. That’s unwelcome news for Federal Reserve officials looking to contain inflation pressure.
4. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material. That was down from 3.3% in the prior quarter but continued to be an important source of growth, adding 1.78 percentage points to GDP. The pace of growth for overall goods spending fell during the first quarter – particularly for motor vehicles, auto parts and fuel – but spending on services like travel, financial services and health care accelerated. Consumers clearly remain willing to spend on both goods and services despite ongoing cost pressures.

A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today or in some specific days. Gross domestic product grew at an annual rate of only 1.6% in the first quarter, less than half the 3.4% seen in the https://traderoom.info/ final quarter of 2023 and the lowest level since 2.1% in the second quarter of last year. Nonetheless, private final sales to domestic purchasers – which exclude inventories and imports and are a good indicator of underlying growth – still rose 3.1% after climbing 3.3% in the fourth quarter.

© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Brokers and market makers offer FXStreet’s calendar to their clients as a tool to trade. Big news events can, and often do, cause big swings with a single movement going several percent in one direction. While gold may be thanking China for its recent growth, this sector is currently thanking Elon Musk.As crazy as it sounds, artificial intelligence just got one step closer to ushering in “the next step in human evolution”…