MegaFX Market Overview

CPI m/m (CHF)
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

JOLTS Job Openings (USD)
It’s released late, but can impact the market because job openings are a leading indicator of overall employment.

BOC Gov Macklem Speaks (CAD)
As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

ISM Manufacturing PMI (USD)
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.

ADP Non-Farm Employment Change (USD)
It’s released late, but can impact the market because job openings are a leading indicator of overall employment.

FOMC Member Brainard Speaks (USD)
It’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer.

GDP m/m (GBP)
It’s the broadest measure of economic activity and the primary gauge of the economy’s health.

Core Retail Sales m/m (USD)
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends

CPI y/y (USD)
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Prelim UoM Consumer Sentiment (USD)
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

CPI y/y (GBP)
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Monetary Policy Meeting Minutes (AUD )
It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Empire State Manufacturing Index
(USD)
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Employment Change (AUD)
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

German Flash Manufacturing PMI
(EUR)
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;

CB Consumer Confidence (USD)
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Main Refinancing Rate (EUR)
Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future;

Flash Manufacturing PMI (GBP)
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.

BOC Monetary Policy Report
(CAD)
It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions;

GDP m/m (CAD)
It’s the broadest measure of economic activity and the primary gauge of the economy’s health.