ECB Deposit Rate Decision

The deposit rate, announced by European Central Bank, is the interest rate paid on the surplus liquidity that credit institutions may deposit overnight in an account with a national central bank that is part of the Eurosystem.

Mid-month Inflation

The IPCA inflation released by the Instituto Brasileiro de Geografia e Estatistica is a measure of price movements by the comparison between the retail prices from consumption of families with a purchasing power of up to forty minimum wages. The purchase power of the BRL is dragged down by inflation. The IPCA is a key indicator to measure inflation and changes in purchasing trends. The data is gathered 15 days prior to the month of reference. Generally speaking, a high reading is seen as positive (or bullish) for the BRL, while a low reading is seen as negative (or Bearish).

Continuing Jobless Claims

The Counting Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish.

Philadelphia Fed Manufacturing Survey

The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia. This survey, served as an indicator of manufacturing sector trends, is interrelated with the ISM manufacturing Index (Institute for Supply Management) and the index of industrial production. It is also used as a forecast of The ISM Index. Generally, an above-the-expectaitons reading is seen as positive for the USD.

ECB Monetary policy statement and press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.

Initial Jobless Claims

The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.

Central Bank Reserves $

The Central Bank Reserves released by The Central Bank of the Russian Federation present reserves in foreign currency and gold The Central Bank holds. Reserves can be a precautionary measure for countries susceptible to financial crisis. It can also be used to manipulate exchange rates. A high reading is is seen as positive (or bullish) for the Russian Ruble, while a low reading is seen as negative (or Bearish).

Consumer Confidence

The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

EIA Natural Gas Storage change

These data ara estimates derived from a computation process that uses both EIA (Energy Information Administration) monthly survey data and AGA (The American Gas Association) weekly survey data.

Visitor Arrivals (YoY)

The Visitor Arrivals released by the Statistics New Zealand measures the number of visitors to New Zealand. As the tourism industry dominates a large part of the total GDP, the visitor arrivals is an important indicator of the overall economic condition in New Zealand. Normally, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).