Markets are constantly moving and currency is constinly either loosing or gaining value. It can get challenging trying to figure out what news items are important and need to be looked out for. This is a list of those news items. This is your MARKET MAKERS.
This week (Feb 17 -21)
Remember the best time to trade this week is from Tuesday – Thurday as they consistantly have the largest pip range
2 High Potential Market Movers
29 Medium Potential Market Movers
23 Low Potential Market Movers
|1:30 3 Events||JPY||HIGH JPY National Consumer Price Index (YoY) (JAN) Actual: 0.7% Forecast: 0.7% Previous: 0.8%|
What is the JPY (NCPI) National Consumer Price Index?
JPY National Consumer Price Index (YoY)
Markets will typically pay more attention to “CPI excluding Fresh Food,” because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis. As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth.
|12:00 3 Events||EUR||HIGH EUR Euro-Zone Consumer Price Index (YoY) (JAN) Actual: Forecast: 1.4% Previous: 1.4%|
What is the Euro-Zone Consumer Price Index?
CPI is the key gauge for inflation in the Euro Zone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Euro Zone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As