The publication of the United States monthly Retail Sales data has caused a surge of the US Dollar. In less than five minutes after the publication, the US Dollar index gained 28 points or 0.26%. US monthly core retails sales change was expected to be an increase of 0.2%. Instead the actual number is a 0.6% growth. Meanwhile, the Retail Sales
The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards. However, note that the yesterday's higher than expected Producer Price Index also caused an initial move upwards. After the publication, the USD
At 06:00 GMT the United Kingdom Office for National Statistics released the monthly UK GDP data. Despite hitting the forecast of 0.2% growth, the publication caused a drop of the Pound's value due to the revision of the prior data from -0.5% to -0.6%. After the release the GBP/USD increased volatility and initially surged from 1.2315 up to 1.2330, but
The United States Bureau of Labor Statistics has just published the monthly US Producer Price Index and Core Producer Price Index. The data reveals inflation at the manufacturing level. In theory inflation at the producer level is followed by inflation at the consumer level. The PPI was expected to show an increase of 0.3% and the Core PPI was forecast
The United States Bureau of Labor Statistics has just published the monthly employment data. The markets were waiting for the release for most part of the week. In general, the event has caused a spike up of the US Dollar that amounted to 52 points or 0.49%. Released data most importantly consists of the Non-Farm Employment Change, Average Hourly Earnings
The publication of the United States Final Gross Domestic Product has caused major volatility of the US Dollar index. The index plummeted 18 points, before recovering as much as 35 base points. The finalized quarterly GDP data revealed that GDP had increased by 2.1% not the expected 2.2%. It indicates that the US economy is weaker than expected, which signals
The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than
The US Bureau of Labor Statistics has published the monthly updated data for Average Hourly Earnings, Non-farm Employment Change and Unemployment Rate. In general, the data was mixed. The US Dollar reacted to the news with an initial decline of more than 0.30% The Non-farm Employment Change was forecast to show an increase of 169,000. Real number was 187,000. Meanwhile, the
The US Bureau of Economic Analysis has released the PCE Price Index data and the Department of Labor has published the weekly Unemployment Claims. In theory, the financial markets were set to react to the publications. Although, market reaction was muted. Market consensus forecasts were for a month on month increase of Core PCE Price Index of 0.2% and a
The Automatic Data Processing or ADP has released its National Employment Report. The report mimics the official government employment change release and is revealed to the public two days before government data. The markets expected the report to show an increase of US employment of 194,000. The actual published number is 177,000. The lower than expected number has boosted the
At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States instead of 9.49 million job openings there are only reportedly 8.83 million jobs available. Due to the news, the US Dollar plummeted in value. Over the span of five minutes the Dollar index lost 0.38% or almost 40 base points.
The release of the United Kingdom's Manufacturing and Services sector Purchasing Managers Indices has caused a major decline of the Pound's value. The survey results were expected to be low. However, the actual results were far below the already pessimistic expectations. On August 23, the data caused a decline, which pierced below a cluster of support levels near 1.2740. A
S&P Global has released the Manufacturing and Services Purchasing Managers Index survey results for the Eurozone countries. In general, the data has shown a larger than expected activity slowdown in the two sectors. The news caused a decline of the Euro. On the EUR/USD charts the event caused a 56 base point or 0.51% drop. After the initial drop a
The United States officials have published the monthly Producers Price Index change. The Dollar reacted to the news with an initial move upwards. Market consensus forecasts were that the PPI and Core PPI, which excludes food and energy prices, both have increased by 0.2%. The actual numbers were revealed to be increases of 0.3% The index reveals how prices have changed
The United Kingdom has published its monthly Gross Domestic Product data. The UK economy was expected to have grown by 0.2%. However, it turned out that the country has recovered in economic scale by 0.5%. The event caused a sharp surge of the GBP/USD of 0.22%.
The US Bureau of Labor Statistics has just released the US monthly Consumer Price Index change. Namely, the inflation data has been published. Inflation is the main driver of the markets, as the US Federal Reserve sets the Dollar's monetary policy in accordance with its goals of combating high inflation. The CPI month on month change was expected to be
The US Bureau of Labor Statistics has just released the US monthly employment data. The data release consists of three main numbers. The Average Hourly Earnings month on month change, the Non-Farm Employment Change and the Unemployment Rate. The Average Hourly Earnings were forecast to have increased by 0.3%. Officials revealed salaries to have increased by 0.4% The Non-farm Employment Change
The Bank of England has just now increased its Official Bank Rate from 5.00% up to 5.25%. The move was expected by the financial markets. As a result of the policy change the value of the Pound initially reacted with a downwards move, before returning to previous levels. The members of the monetary policy committee voted as follows. Eight members
US oil prices have surged during this week due to the official US inventory data revealing that US crude oil stocks have dropped by 15.4 million barrels, compared to the expected decline of only 1.37 million barrels. Note that the high demand appears to be priced in already, as the price for US light crude oil has surged almost 23.00% since
The ECB has just increased its base interest rate from 4.00% up to 4.25%. In addition, the central bank has released its Monetary Policy Statement, which explains the reasoning behind the policy decision. The move follows yesterday's Federal Reserve's 0.25% hike. The central banks have tightened monetary policy in a tandem effort to combat inflation without disrupting currency exchange rates Note
The US Federal Reserve Federal Open Market Committee has just increased the Federal Funds Rate from 5.25% up to 5.50%. The increase was expected. In addition, the Fed has released the FOMC Statement, in which the rate decision's base is explained. Note that the Chairman of the Federal Reserve Jerome Powell is set to host a live press conference at
The release of the various European Manufacturing and Services Purchasing Managers Indices has revealed that the European business sectors are pessimistic in regards to the future. All of the data sets were already expected to be pessimistic. However, they beat the expectations to the downside, which caused a decline of the Euro.
The United States Bureau of Labor Statistics published the US monthly employment data sets at 12:30 GMT. Non-Farm Employment Change was expected to be at 224,000. Actual change in number of employed people during June was 209,000. Average Hourly Earnings month on month change was forecast to show an increase of 0.3%. The bureau reported that wages had increased
The Automatic Data Processing Inc Non-Farm Employment Change number is seen as a precursor to official US employment data, as it is released monthly, one day prior to the official Non-Farm Employment Change of the US Bureau of Labor Statistics. The data release at 12:15 GMT has just caused major volatility. It was forecast that the US would have