Forex Fundamental Analysis and News

Forex Fundamental Analysis and News attempts to gauge the overall state of the economy, by evaluating factors such as interest rates, production, earnings, and investor confidence. Forex Fundamental Analysis and News attempts to determine the real value of a currency based on the condition of the factors underlying the respective economy.

Daily Forex News

Morning Briefing: Friday 31, October 2014

Yen skids to six-year low as BOJ takes new easing steps

The Bank of Japan stunned financial markets on Friday as it introduced fresh monetary stimulus which it called a pre-emptive move to fuel inflation.

Full Briefing

Calendar

Economic Calendar: Friday 31 October 2014

Last updated at 2:56pm

  • Germany

    Retail Sales M/M

    Medium Impact
    Previous: 2.5%Forecast: -0.9%Actual: -3.2%

    Retail sales figure is an aggregated measure of the sales of retail goods over the measured time period. This is usually compiled using data sampling from different sectors to represent an entire country or region. In the US, this report is called Advance retail sales.

  • Germany

    Retail Sales Y/Y

    Medium Impact
    Previous: 0.1%Forecast: 1.2%Actual: 2.3%

    Retail sales figure is an aggregated measure of the sales of retail goods over the measured time period. This is usually compiled using data sampling from different sectors to represent an entire country or region. In the US, this report is called Advance retail sales.

  • France

    Consumer Spending

    Low Impact
    Previous: 0.7%Forecast: -0.3%Actual: -0.8%

    This indicator measures the overall expenditure by households in an economy by consumers. Consumer spending makes up a large portion of the economy, and is an excellent measure for short-term demand.

  • France

    PPI Y/Y

    Low Impact
    Previous: -1.4%Forecast: -1.7%Actual: -1.4%

    The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

  • France

    PPI M/M

    Low Impact
    Previous: -0.3%Forecast: -0.1%Actual: 0.5%

    The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

  • Euro Zone

    CPI Core y/y Advance

    High Impact
    Previous: 0.8%Forecast: 0.8%Actual: 0.7%
  • Euro Zone

    CPI Estimate Y/Y

    High Impact
    Previous: 0.3%Forecast: 0.4%Actual: 0.4%

    This flash estimate is based on the results from the first countries of the EU to publish their national estimates. It gives an early indication of what the HICP is likely to show when the full data set is available. According to Eurostat the aim of the flash inflation estimates is to predict as accurately as possible the actual inflation rate released later.

  • Euro Zone

    Unemployment Rate

    High Impact
    Previous: 11.5%Forecast: 11.5%Actual: 11.5%
  • United States

    PCE Core M/M

    Medium Impact
    Previous: 0.1%Forecast: 0.1%Actual: 0.1%

    CPI measures changes in the cost of living and is the headline figure to calculate inflationary pressures in an economy. This is the most effective way of measuring purchasing power of a particular currency in that economy. A higher inflation reading means one unit of currency has less purchasing power and can buy fewer goods and services. The CPI reading has a direct influence on monetary policy as policymakers may alter interest rates to address rising or declining inflation.

  • United States

    PCE Core Y/Y

    Medium Impact
    Previous: 1.5%Forecast: 1.5%Actual: 1.5%
  • United States

    PCE Deflator Y/Y

    Medium Impact
    Previous: 1.5%Forecast: 1.5%Actual: 1.4%
  • United States

    Personal Spending

    Medium Impact
    Previous: 0.5%Forecast: 0.1%Actual: -0.2%

    This number includes expenses that are considered of a personal nature such as dining out or shopping. Households would first cut back on these expenses so it may be an important data point to watch.

  • Canada

    GDP Y/Y

    High Impact
    Previous: 2.5%Forecast: 2.3%Actual: 2.2%
  • Canada

    GDP m/m

    High Impact
    Previous: 0%Forecast: 0%Actual: -0.1%
  • United States

    Personal Income

    Medium Impact
    Previous: 0.3%Forecast: 0.3%Actual: 0.2%

    This number represents the total income of a household including salaries and rental income.

  • United States

    Chicago Purchasing Manager Index (PMI)

    Medium Impact
    Previous: 60.5Forecast: 60Actual: 66.2

    This indicator is a business barometer which measures business conditions in the regions of Illinois, Indiana and Michigan. The Chicago Fed PMI is based on surveys of purchasing managers’ across these regions.

  • United States

    Michigan Consumer Sentiment

    High Impact
    Previous: 86.4Forecast: 86.4Actual: 86.9

    This index is a consumer sentiment indicator published by the University of Michigan monthly. The survey is done by conducting at least 500 telephone interviews across the continental United States (Alaska and Hawaii are excluded). Five basic questions are asked.

Read MoreEconomic Calendar

Forecast

Weekly Forecast: 14 May 2014

Yen slips as investors take on risk

Emman Xuereb

Global equity markets rallied at the start of the week dampening demand for safe-haven assets. The yen slipped for the third consecutive day on Tuesday versus the dollar on signs that tensions between Russia and Ukraine were abating.

Read the Article