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The Most Important Economic Data During the Week From 12th July to 16th July 2021

Tuesday 13th July 2021

Consumer Price Index (CPI) – USA

Measures the price movements by the comparison between the retail prices of a representative shopping basket of goods and services. It is a key indicator to measure inflation and changes in purchasing trends.

Monthly Budget Statement – USA

Summarizes the financial activities of federal entities and federal reserve banks . Apositive budget statement is seen as bullish for the USD.

Wednesday14th July 2021

RBNZ Interest Rate Decision- New Zealand

Announced by Reserve Bank of New Zealand, if the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rate it is positive for NZD

Consumer Price Index- United Kingdom

Measures the price movements by the comparison between the retail prices of a representative shopping basket of goods and services. It is a key indicator to measure inflation and changes in purchasing trends.

Thursday 15th July 2021

Unemployment rate – Australia

Is a number of unemployed workers divided by the total civilian labor force.

ILO Unemployment Rate – United Kingdom

Measure the number of unemployed workers divided by the total civilian labor force, it’s a leading indicator of UK economy.

Initial Jobless Claims- USA

The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. it provides a measure of strength in the labor market. A larger than expected number indicates weakness in labor market and has negative impact on the USD

Friday 16th July 2021

Retail Sales – USA

Measures the total receipts of retail stores. The changes in Retail Sales are widely followed as an indicator of consumer spending.

Michigan Consumer Sentiment index – USA

Is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money.

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