The importance of economic data
In order to distinguish four fundamental analysis of currency - the zone. In dollar zone includes the countries of America, led by the United States, in the sterling area - UK and its former colonies. Yenovaya area includes all Asian countries led by Japan. The euro zone - a country in Western, Central and Eastern Europe, in part, led by Germany. The following table shows the possible influence of economic data on the price movement of currencies in the sample to the dollar zone. Often, the price movement depends on the current state of the economy and the possible impact of the reported data on changes in interest rates.
In analyzing the situation on the market should pay attention to the following indicators:
GROSS NATIONAL PRODUCT - Gross National Product (GNP)
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 20 - 30 of the month.Frequency: Quarterly report (monthly).Volatility: Medium.Market reaction: GNP ^ = ^ dollar exchange rate.GNP v = v the dollar.Note: One of the most important economic indicators, as more fully reflects the economic activity.
GROSS DOMESTIC PRODUCT - Gross domestic product (GDP)
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 20 - 30 of the month.Frequency: Quarterly report (monthly).Volatility: Medium.Market Reaction: GDP ^ = ^ dollar exchange rate.GDP v = v the dollar. Note: One of the most important economic indicators, as more fully reflects the economic activity.
TRADE BALANCE - Balance of trade
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 15 - 17 of each month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:Trade balance ^ = ^ dollar exchange rate.Trade balance v = v the dollar.
EMPLOYMENT & UNEMPLOYMENT - Employment and Unemployment
The importance of the indicator: 1Published by: Bureau of Labor Statistics of the American State Department of Labor.Availability: 1 - 7 working day.Frequency: Monthly.Volatility: Medium.The reaction of the markets:Payroll employment (employees) ^ ^ dollar exchange rate.Payroll employment (employees) v = v the dollar.Unemployment rate (unemployment) ^ = v the dollar.Unemployment rate (unemployment) v = ^ dollar exchange rate.Note: The indicator, which allows to predict many other economic indicators.
INDUSTRIAL PRODUCTION AND CAPACITY UTILISATION - Industrial production and capacity to consume
The importance of the indicator: 2Published by: Research Department Federal Reserve.Available: 14 - 17 of the month.Frequency: Monthly.Volatility: Low.Market reaction: The impact on exchange rates, as a rule, weak, dependent on the current economic situation.
RETAIL SALES - Retail Sales
The importance of the indicator: 2Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 9 - 16 working day.Frequency: Monthly.Volatility: Medium.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: It is an indicator of inflation.
PRODUCER PRICE INDEX - Producer Price Index
The importance of the indicator: 2Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 9 - 16 working day.Frequency: Monthly.Volatility: Medium.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: When publishing the data simultaneously with the CPI index the importance of PPI - 1. Is an indicator of inflation.
CONSUMER PRICE INDEX (CPI) - Consumer price index
The importance of the indicator: 2Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 15 - 21 of each month.Frequency: Monthly.Volatility: Moderate.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: When you publish the data along with the importance of PPI index CPI - 1. Is an indicator of inflation.
PERSONAL INCOME AND CONSUMPTION EXPENDITURES - Private incomes and consumer spending
The importance of the indicator: 2Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 22 - 31 of each month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:Income ^ = ^ dollar exchange rate.Income v = v the dollar.Consumption ^ = ^ dollar exchange rate.Consumption v = v the dollar.Note: Private consumption is very important as it determines, more than half of GDP.
CAR SALES - Sales of cars
The importance of the indicator: 3Published by: car manufacturers.Availability: The first and third business day after the end of the period.Frequency: Monthly.Volatility: Medium.The reaction of the markets:Car Sales ^ = ^ dollar exchange rate.Car Sales v = v the dollar.Note: One of the first indicators published within a month. A leading indicator - indicates a change in economic growth in the future.
NATIONAL ASSOCIATION OF PURCHASING MANAGER'S INDEX (NAPM) - The index of business activity of the National Association of Managers
The importance of the indicator: 3Published by The National Association of Managers.Availability: The first day of the month.Frequency: Monthly.Volatility: Medium.The reaction of the markets:NAPM ^ = ^ dollar exchange rate.NAPM v = v the dollar.Note: The indicator, fully evaluating the manufacturing sector of the economy.
DURABLE GOODS ORDERS - Orders for durable goods
The importance of the indicator: 3Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 19 - 27 of each month.Frequency: Monthly.Volatility: Very High.The reaction of the markets: Weak.
NEW HOME SALES - Sales of new homes
The importance of the indicator: 3Published: Census Bureau U.S. Department of Commerce.Available: 28th of this year - four of the next month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:New Home Sales ^ = ^ dollar exchange rate.New Home Sales v = v the dollar.Note: It is a leading indicator. During the winter months the volatility indicator increases.
CONSTRUCTION SPENDING - construction spending
The importance of the indicator: 3Published: Census Bureau U.S. Department of Commerce.Availability: The first working day of the month.Frequency: Monthly.Volatility: High.The reaction of the markets:Construction Spending ^ = ^ dollar exchange rate.Construction Spending v = v the dollar.Note: Attention! when reviewing the data deviation can be very significant.
FACTORY ORDERS AND MANUFACTURING INVENTORIES - Industrial orders and production supplies
The importance of the indicator: 4Published: Census Bureau U.S. Department of Commerce.Available: Last day of the month.Frequency: Monthly.Volatility: Very High.The reaction of the markets: Weak.Note: As a rule, the data do not contain much new information.
In this case, it is understood that in some cases may dominate the numerical value of less important factor or group of these factors on the degree of influence is traditionally more significant factor. So, order forecasts should take into account all indicators of economic development ...
In order to distinguish four fundamental analysis of currency - the zone. In dollar zone includes the countries of America, led by the United States, in the sterling area - UK and its former colonies. Yenovaya area includes all Asian countries led by Japan. The euro zone - a country in Western, Central and Eastern Europe, in part, led by Germany. The following table shows the possible influence of economic data on the price movement of currencies in the sample to the dollar zone. Often, the price movement depends on the current state of the economy and the possible impact of the reported data on changes in interest rates.
In analyzing the situation on the market should pay attention to the following indicators:
GROSS NATIONAL PRODUCT - Gross National Product (GNP)
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 20 - 30 of the month.Frequency: Quarterly report (monthly).Volatility: Medium.Market reaction: GNP ^ = ^ dollar exchange rate.GNP v = v the dollar.Note: One of the most important economic indicators, as more fully reflects the economic activity.
GROSS DOMESTIC PRODUCT - Gross domestic product (GDP)
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 20 - 30 of the month.Frequency: Quarterly report (monthly).Volatility: Medium.Market Reaction: GDP ^ = ^ dollar exchange rate.GDP v = v the dollar. Note: One of the most important economic indicators, as more fully reflects the economic activity.
TRADE BALANCE - Balance of trade
The importance of the indicator: 1Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 15 - 17 of each month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:Trade balance ^ = ^ dollar exchange rate.Trade balance v = v the dollar.
EMPLOYMENT & UNEMPLOYMENT - Employment and Unemployment
The importance of the indicator: 1Published by: Bureau of Labor Statistics of the American State Department of Labor.Availability: 1 - 7 working day.Frequency: Monthly.Volatility: Medium.The reaction of the markets:Payroll employment (employees) ^ ^ dollar exchange rate.Payroll employment (employees) v = v the dollar.Unemployment rate (unemployment) ^ = v the dollar.Unemployment rate (unemployment) v = ^ dollar exchange rate.Note: The indicator, which allows to predict many other economic indicators.
INDUSTRIAL PRODUCTION AND CAPACITY UTILISATION - Industrial production and capacity to consume
The importance of the indicator: 2Published by: Research Department Federal Reserve.Available: 14 - 17 of the month.Frequency: Monthly.Volatility: Low.Market reaction: The impact on exchange rates, as a rule, weak, dependent on the current economic situation.
RETAIL SALES - Retail Sales
The importance of the indicator: 2Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 9 - 16 working day.Frequency: Monthly.Volatility: Medium.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: It is an indicator of inflation.
PRODUCER PRICE INDEX - Producer Price Index
The importance of the indicator: 2Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 9 - 16 working day.Frequency: Monthly.Volatility: Medium.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: When publishing the data simultaneously with the CPI index the importance of PPI - 1. Is an indicator of inflation.
CONSUMER PRICE INDEX (CPI) - Consumer price index
The importance of the indicator: 2Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 15 - 21 of each month.Frequency: Monthly.Volatility: Moderate.Market reaction: The impact on the dollar depends on the concomitant economic situation.Note: When you publish the data along with the importance of PPI index CPI - 1. Is an indicator of inflation.
PERSONAL INCOME AND CONSUMPTION EXPENDITURES - Private incomes and consumer spending
The importance of the indicator: 2Published by: Bureau of Economic Analysis U.S. Department of Commerce.Available: 22 - 31 of each month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:Income ^ = ^ dollar exchange rate.Income v = v the dollar.Consumption ^ = ^ dollar exchange rate.Consumption v = v the dollar.Note: Private consumption is very important as it determines, more than half of GDP.
CAR SALES - Sales of cars
The importance of the indicator: 3Published by: car manufacturers.Availability: The first and third business day after the end of the period.Frequency: Monthly.Volatility: Medium.The reaction of the markets:Car Sales ^ = ^ dollar exchange rate.Car Sales v = v the dollar.Note: One of the first indicators published within a month. A leading indicator - indicates a change in economic growth in the future.
NATIONAL ASSOCIATION OF PURCHASING MANAGER'S INDEX (NAPM) - The index of business activity of the National Association of Managers
The importance of the indicator: 3Published by The National Association of Managers.Availability: The first day of the month.Frequency: Monthly.Volatility: Medium.The reaction of the markets:NAPM ^ = ^ dollar exchange rate.NAPM v = v the dollar.Note: The indicator, fully evaluating the manufacturing sector of the economy.
DURABLE GOODS ORDERS - Orders for durable goods
The importance of the indicator: 3Published by: Bureau of Labor Statistics of the American State Department of Labor.Available: 19 - 27 of each month.Frequency: Monthly.Volatility: Very High.The reaction of the markets: Weak.
NEW HOME SALES - Sales of new homes
The importance of the indicator: 3Published: Census Bureau U.S. Department of Commerce.Available: 28th of this year - four of the next month.Frequency: Monthly.Volatility: Moderate.The reaction of the markets:New Home Sales ^ = ^ dollar exchange rate.New Home Sales v = v the dollar.Note: It is a leading indicator. During the winter months the volatility indicator increases.
CONSTRUCTION SPENDING - construction spending
The importance of the indicator: 3Published: Census Bureau U.S. Department of Commerce.Availability: The first working day of the month.Frequency: Monthly.Volatility: High.The reaction of the markets:Construction Spending ^ = ^ dollar exchange rate.Construction Spending v = v the dollar.Note: Attention! when reviewing the data deviation can be very significant.
FACTORY ORDERS AND MANUFACTURING INVENTORIES - Industrial orders and production supplies
The importance of the indicator: 4Published: Census Bureau U.S. Department of Commerce.Available: Last day of the month.Frequency: Monthly.Volatility: Very High.The reaction of the markets: Weak.Note: As a rule, the data do not contain much new information.
In this case, it is understood that in some cases may dominate the numerical value of less important factor or group of these factors on the degree of influence is traditionally more significant factor. So, order forecasts should take into account all indicators of economic development ...
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