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- Upcoming Economic Events & Forecast | 11th July, 2022
Upcoming Economic Events & Forecast | 11th July, 2022
Bank of England Governor Bailey Speaks
- Date & Time: Monday 11th July, 5:15pm GMT+3 (& on Tuesday 12th, 8pm GMT+3)
- Influenced Assets: GBP & EUR
- Previous Figures: N/A
- Prediction: N/A
Why Our Traders Care: The Bank of England (BOE) 🏛️ Governor Andrew Bailey is going to speak 🗣️ over two days and as he is the head of the BOE's Monetary Policy Committee (who controls short-term interest rates), Bailey has more influence over the UK sterling's value than any other person! Traders keep a sharp ear 👂 and eye 👁️ on his talks for any clues regarding the future monetary policy as his comments may spark a short-term trend for traders to take advantage of!
Consumer Price Index (CPI) m/m (and Core CPI m/m)
- Date & Time: Wednesday 11th July, 3:30pm GMT+3
- Influenced Assets: USD and global markets
- Previous Figures: 1% (0.6% core)
- Prediction: 1.1% (0.6% core)
Why Our Traders Care: The Consumer Price Index (CPI) measures the change in the price of goods 🛍️ and services from the consumer’s perspective and is a key way to measure changes in inflation.
The Core Consumer Price Index (CPI) measures the change as above, excluding food and energy.
Traders look when this data is first released to take advantage of any short-term trends that develop.
A higher ⤴️ than predicted reading is generally positive/bullish for the USD, while a lower ⤵️ than predicted reading is generally negative/bearish for the USD.
Producer Price Index (PPI) m/m (and Core PPI m/m)
- Date & Time: Thursday 11th July, 3:30pm GMT+3
- Influenced Assets: USD and global markets
- Previous Figures: 0.8% (0.5%)
- Prediction: 0.8% (0.5%)
Why Our Traders Care: The Producer Price Index (PPI) measures the change in the price of goods sold by the manufacturers 🛒 and is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation!
The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers 🛒, excluding food and energy.
When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
As above, traders will look for when this data is first released to take advantage of any short-term trends that develop.
A higher ⤴️ than predicted reading is generally positive/bullish for the USD, while a lower ⤵️ than predicted reading is generally negative/bearish for the USD.
World Blockchain Summit - Singapore 2022
- Date & Time: Thursday 11th July - Friday 12th July
- Influenced Assets: All crypto markets
- Previous Figures: N/A
- Prediction: N/A
Why Our Traders Care:
The World Blockchain Summit 🌎 is a gathering of like-minded enthusiasts that takes place in 19 countries across the globe throughout the year. The aim is to connect investors from the blockchain and cryptocurrency space to discuss 🗣️ the future of the industry and how it can transform businesses to integrate into the modern working world! These types of events are ❗ particularly important to the crypto markets as it drives further outreach to the current state of the market, future advancements, and information; all of which help lead to further adoption!
Retail Sales m/m (and Core Retail Sales m/m)
- Date & Time: Friday 7th July, 3:30pm GMT+3
- Influenced Assets: USD and Global Markets
- Previous Figures: -0.3% (0.5%)
- Prediction: 0.9% (0.7%)
Why Our Traders Care: Retail Sales 💳 measure the change in the total value of sales at the retail level. It is the leading indicator of consumer spending, which accounts for the majority of economic activity. Core Retail Sales measures the change in the total value of sales at the retail level excluding automobiles.
Just as the CPI and PPI, traders will look for when retail sales data is first released to take advantage of any short-term trends that develop.
A higher ⤴️ than predicted reading is generally positive/bullish for the USD, while a lower ⤵️ than predicted reading is generally negative/bearish for the USD.
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