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.
