October 15th - Ilo Unemployment Rate, Fed's Beige Book, Fed's Bernanke Speech - Forex Forum

Hello,

today in our economic calendar we have a lot of events for GBP and USD.

06:00 GMT: Consumer Price Index. The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).

08:30 GMT: Average Earnings excluding Bonus. The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". The positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

08:30 GMT: Claimant Count Rate. The Claimant Count Rate released by the National Statistics is a monthly measure of unemployment in the UK It indicates the health of the UK labor market. If the rate is up, it indicates a lack of expansion within the UK lobar market, while it indicates economic expansion and could spark inflationary pressures if the rate is down. A decrease of the figure is seen as positive (or bullish) for the GBP, while an increase is seen as negative.

08:30 GMT: ILO Unemployment Rate. The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the UK economy. A decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

09:00 GMT: Consumer Price Index - Core. The Consumer Price Index released by the Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food and energy. The CPI Core is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

09:00 GMT: Consumer Price Index. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. A high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

12:30 GMT: NY Empire State Manufacturing Index. The survey of manufactures in New York conducted by the Federal Reserve Bank of New York. It indicates the overall manufactures in the United Sates. A positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar.

12:30 GMT: Producer Price Index. The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. A high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

12:30 GMT: Producer Price Index ex Food & Energy. The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. A high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

12:30 GMT: Retail Sales. The retail Sales released by the US Census Bureau measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

12:30 GMT: Retail Sales ex Autos. The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.

Today: Fed's Bernanke Speech. The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. He gives a press conference as to how the Fed observes the current US economy and the value of USD. His comments may determine a short-term positive or negative trend.

18:00 GMT: Fed's Beige Book. The Beige Book reports on the current US economic situation. Through interviews with key business contacts, economists, market experts, and other sources are gathered by each of the 12 Federal Reserve Districts. The survey gives a picture of the overall US economic growth. An optimistic view of those authorities is considered as positive, or bullish for the USD, whereas a pessimistic view is considered as negative, or bearish for the Dollar.

Today I will keep an eye on EUR GBP... and that's all