United States Retail Sales; Inflation and Supply Constraints Key Factors

Retail sale is an economic indicator in the USA that keeps inventory of demands for finished goods, by measuring the purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
United States retail sales for the month of October stood at 0.7% compared to the forecast of -0.2%, although fears that supply constraints could disrupt the holiday shopping season amid a continued shortage of goods.

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United Kingdom official bank rate; Rate hike likely amidst Subtype of the Delta variant

Official Bank Rate is the interest rate that the Bank of England (BOE) pays commercial banks for reserve account deposits. This operation provides a bulk of liquidity to the banking system as short-term interest rates are a paramount factor in currency valuation, which is highly correlated with the economic outlook because its changes can affect both inflation and recession. The expectation for November 3rd meeting is that the BOE will deliver a 15-basis points rate rise to 0.25% given the heightened concerns over inflation, although the risk is that the BOE will not match the hawkish expectations priced in, given that money markets are currently looking for the most aggressive tightening cycle.

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US Federal Fund Rate; Inflation A Big Threat To The economy, Could Tapering Be Gradual?

Ahead of the Federal Oder Market Committee (FOMC) meeting on the monetary policy review today by 7 pm (GMT + 1), the US Dollar experienced a mixed performance but resolved and it’s gaining with acceleration to the upside.

Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.

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Public Sentiment Holds Firm Ahead of the Non-Farm Payroll Report, US Dollar Index Gains

Last month, the Non-Farm Payroll release drove the US Doller Index to the downside by some percentage point. This was triggered by a modest selling pressure as a result of the job data released that missed the market expectation by a wide margin. Commodities such as gold (XAUUSD) and Silver XAGUSD) gained momentum with slight upside gains. In the same order, EURUSD and GBPUSD were not left out of the ride as they edged higher in a decent bull run to 1.15852 and 1.36579 price levels respectively. In the report, the US job market rose by 194,000 in September, less than the market expectation of 500,000.

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New Zealand Unemployment Rate; Delta variant more likely to impact Employment figures.

The New Zealand Unemployment Rate is the percentage of the total workforce in New Zealand that is unemployed and actively seeking employment during the previous month. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions.
New Zealand rebounded strongly from a recession last year, largely due to its success in eliminating the coronavirus within the borders and reopening its domestic economy well before other advanced nations. The country had been virus-free for months until an outbreak of the highly infectious Delta strain in August.

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The European Stocks And Euro Hold Gains Ahead of the European Refinancing Rate

since March 2016, the European Central Bank (ECB) interest rate was kept relatively low at 0.00% in response to the great recession hit that affected the European Union, the developed and emerging economies. Presently, the interest rate is still maintained low and it is expected to be sustained at that level till full recovery and the core ECB monetary policy goals are met.

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Canadian Overnight Rate; Recent Jobs Gains likely to Influence Decision

The Overnight Rate is the interest rate at which major financial institutions in Canada borrow and lend overnight funds among themselves.
Short-term interest rates are predominant factors in currency valuation. This is highly correlated with the economic outlook as its changes can impact both inflation and recession.
With over 75% of the eligible population being fully vaccinated, the Canadian economy has been re-opening over the past few months, after a strong rebound was recorded at the start of the year following significant losses in 2020, but has since slowed through the spring and summer largely due to the effect of the Delta variant.

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Australian Unemployment Rate; Recent Lockdown Likely to Stall Further Decline

The Australian Unemployment Rate is the percentage of the total workforce in Australia that is unemployed and actively seeking employment during the previous month.
Its impact is indicative of the economic outlook because the number of unemployed people is an important signal of overall economic health and consumer spending is highly correlated with labor-market conditions

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United States Nonfarm Payroll: Delta Variant Likely to Slow but Not Hinder the Economic Recovery

The Non-farm payroll (NFP) is a monthly measure of United States labor market health, released every first Friday of the month by the Bureau of Labor Statistics. It is a key economic indicator for the United States economy and among the most market-moving data points for the US Dollar, US equities, Treasuries, and Gold.

Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.

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NZD/USD Stays Resilient Ahead of the Reserve Bank of New Zealand Official Cash Rate Release

In the second quarter, the New Zealand economy maintained a steady accelerating growth pattern. In its growth trajectory, external demand experienced a surging increase, and its stocks and equities edged higher with New Zealand Dollar (NZD) staying resilient in gains smashing multi-points resistance levels. Currently maintaining gains above 0.69560 price point.

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Australian Cash Rate; Delta Variant and Stimulus Relief Package the Key Players.

The Cash Rate is the interest rate that the Reserve Bank of Australia (RBA) charges commercial banks for a loan. This operation provides a bulk of liquidity to the banking system. Short term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can have an impact on both inflation and recession. The core objective of RBA is to set lay down policies aimed at achieving stable inflation, maintain financial stability, full employment, and contribute to the economic development and wealth of the inhabitants of Australia.

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Federal Fund Rate; Tapering Decision Will Largely Be Influenced by the Red Alert of The Pandemic and Recent Disappointing Job Report

Federal Fund Rate is the interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight. This operation provides a bulk of liquidity to the banking system.

Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.

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Australian Unemployment Rate; Early Job Gains Lulled the Country into a False Sense of Economic Security.

The Australian Unemployment Rate is the percentage of the total workforce in Australia that is unemployed and actively seeking employment during the previous month. Its impact is evident in the economic outlook because the number of unemployed people is a significant indicator of the overall economic health, as consumer spending is highly correlated with labor market conditions

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Leverage on the Canadian Dollar (CAD) Gains Trading the Unemployment Rate As Bullish Sentiment Heightens

Canada’s growth pattern has been in pace consistent with the developed nations. Tracking its growth trajectory through series of global recession, the economy was often seen roaring back with progressive move and job market upside bounce. On the first wave of the virus hit, more than two million people were left unemployed and rising risk sentiment took its tool. The Canadian dollar index declined rapidly and smashed series of successive support zones.

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The European Refinancing Rate; Tapering High on the Agenda Amidst Fear of Inflation and The Delta Variant

The European Main Refinancing Rate is the interest rate banks pay when they borrow money from the European Central Bank (ECB) for one week. This operation provides a bulk of liquidity to the banking system. Short-term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can impact both inflation and recession.

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Canadian Overnight Rate; Comparative Growth Outlook for Moderate Policy Rate and Canadian Dollar Gains.

Overnight Rate is the interest rate in which the major financial institutions in Canada borrow and lend overnight funds among themselves.

For decades, the Bank of Canada has used the interest rate as a strong driver towards attaining its policy objectives. The three of Its core monetary policy goals are maximum employment, Price Stability and Moderate long-term interest rates.

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The Australian Cash Rate; Recent lockdown a Huge Factor in Tapering Decision

The Cash Rate is the interest rate that the Reserve Bank of Australia (RBA) charges commercial banks for a loan. This operation provides a bulk of liquidity to the banking system. Short term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can have an impact on both inflation and recession

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POTENTIAL IMPLICATION OF RETAIL SALES ON POUND STERLING

Retail is an economic indicator that tracks consumer demand for finished goods by measuring purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending; an accurate measure of retail sales is vital for gauging the economic health of the United Kingdom because consumer spending accounts for the majority of the overall economic activity. Data on retail sales is compiled once a month by the office for national statistics.

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POSSIBLE IMPACT OF RETAIL SALES ON THE GREENBACK

Retail sale is an economic indicator that tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time. An accurate measure of retail sales is vital for gauging the economic health of the United States because consumer spending accounts for two-thirds of gross domestic product (GDP). Data on retail sales is compiled once a month by the U.S Bureau of the census.

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