Oct 4, 2021
OPEC Meetings (GLOBAL)
OPEC nations represent around 40% of the world’s oil supply and are unified in their oil production levels. With so much control over oil’s supply-side, shifts in their production levels can have a significant impact on oil prices;
OPEC-JMMC Meetings (GLOBAL)
OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded. Source first met in Jan 2017;
Oct 5, 2021
RBA Rate Statement (AUD)
It’s among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions;
ISM Services 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;
Oct 6, 2021
Official Cash Rate (NZD)
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;
RBNZ Rate Statement (NZD)
It’s among the primary tools the RBNZ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions;
ADP Non-Farm Employment Change (USD)
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Oct 7, 2021
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;
Oct 8, 2021
Employment Change (CAD)
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Unemployment Rate (CAD)
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
Average Hourly Earnings m/m (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;
Non-Farm Employment Change (USD)
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Unemployment Rate (USD)
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy.
Upcoming Events
Oct 13, 2021
- CPI m/m (USA)
- Core CPI m/m (USA)
Oct 14, 2021
- Employment Change (AUSTRALIA)
- Unemployment Rate (AUSTRALIA)
- PPI m/m (USA)
Oct 15, 2021
- Core Retail Sales m/m (USA)
- Retail Sales m/m (USA)
