Daily Economic Calender 12/09/2019 We only show you the most important economic events during this day with some information about each econ...
Daily Economic Calender 12/09/2019
We only show you the most important economic events during this day with some information about each economic event and its impact on the market.
This economic calendar is in US time.
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Thursday 12/09
(1)
Main Refinancing Rate : 1:45pm
Currency : EUR
Actual : ..............
Forecast : 0.00%
Previous : 0.00%
Information
The ECB's Board of Governors makes interest on major refinancing operations. These represent the amount of liquidity in the banking system.
Impact
Real larger than expected good for the currency
Notes
Usually if the ECB's inflation expectations are positive and interest rates are raised it is positive for the euro and vice versa.
The importance of the event for traders
Short-term interest rates are the primary factor of currency value. Investors are eyeing other indicators to predict how rates will change in the future. The main objective of the ECB's monetary policy is to stabilize prices. Price stability is determined by the year-on-year rise of the CPI below 2%.
Also known as
Interest rates, refinancing rate.
Explain the shortcut
European Central Bank (ECB);
Details of issuance dates
Issued monthly.
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(2)
Monetary Policy Statement : 1:45pm
Currency : EUR
Actual : ..............
Forecast : ..............
Previous : ..............
Impact
Very positive hints are good for the coin
Notes
The ECB makes adjustments during each issuance that traders are cautiously awaiting.
The importance of the event for traders
The report is one of the most important ways the ECB communicates with the markets on monetary policy. The report includes the interest rate decision, the committee's comment on economic conditions and its impact on monetary policy decisions. The report also discusses economic aspirations that contribute to predicting future decisions.
Also known as
Statement of Interest
Explain the shortcut
European Central Bank (ECB)
Details of issuance dates
Issued 8 times per year.
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(3)
ECB Press Conference : 2:30pm
Currency : EUR
Forecast : ..............
Previous : ..............
Information
The European Central Bank (ECB) usually announces monetary policy on interest rates during the first of two monthly meetings. Following the announcement, the ECB Governor will chair a press conference on monetary policy.
Impact
Very positive hints are good for the coin
Notes
The press conference takes about an hour and consists of two parts; the first part is a previously prepared statement and the second is journalistic questions and the answers to these questions usually create market volatility. The press conference is broadcast on the ECB website.
The importance of the event for traders
The ECB press conference is a way of communicating with investors about monetary policy. Factors leading to interest rates are discussed. In addition, other monetary policy decisions such as economic and inflation expectations are discussed. High interest rates contribute to a slowdown in economic activity, while low interest rates help stimulate economic activity.
Also known as
Interest Rate Statement
Explain the shortcut
European Central Bank
Details of issuance dates
It is held eight times a year; within 45 minutes of the interest decision.
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(4)
CPI m/m : 2:30pm
Currency : USD
Actual : ..............
Forecast : 0.1%
Previous : 0.3%
Information
Measures the change in prices of goods and services provided to consumers on a monthly basis. It also measures the monthly change in consumer prices that indicates inflation. Inflation means higher prices for goods and services in general. The relationship between inflation and interest rates is an important factor in understanding how this indicator affects markets and investments.
Impact
Real larger than expected good for the currency
Notes
The press conference takes about an hour and consists of two parts; the first part is a previously prepared statement and the second is journalistic questions and the answers to these questions usually create market volatility. The press conference is broadcast on the ECB website.
The importance of the event for traders
The broadest indicator is to measure inflation. Its significance is that it refers to inflation rates that affect markets. Traders who understand the relationship of inflation to the markets will benefit. On monetary policy, the US Federal Reserve views inflation data at their core value, but excludes the food and energy prices component. The US Federal Reserve also prefers to use the Personal Consumption Expenditure Index because it reflects what consumers actually buy during any period. It is updated annually while the CPI is updated irregularly. However, CPI components are used to collect CPI data. Therefore, there is a close correlation between the two indicators.
Also known as
Consumer Price Index
Explain the shortcut
CPI (Consumer Price Index) = Consumer Price Index
Details of issuance dates
Is issued monthly within 16 days after the end of the month.
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(5)
Core CPI m/m : 2:30pm
Currency : USD
Actual : ..............
Forecast : 0.2%
Previous : 0.3%
Information
Measures
The change in the prices of goods and services on a monthly basis excluding food and energy gives accurate calculations due to their strong volatility and is a measure of procurement and inflation trend.
Impact
Real larger than expected good for the currency
Notes
Food and energy prices account for a quarter of the CPI but their volatility makes it difficult to determine the underlying trend, and the FOMC and traders pay attention to the data at its core value.
The importance of the event for traders
The CPI is a measure of inflation in general as inflation is an important factor in determining the value of a currency because higher prices are driving central banks to raise interest rates.
Also known as
CPI excluding food and energy, core CPI
Explain the shortcut
The Federal Reserve Committee (FOMC)
Details of issuance dates
Issued monthly in about 16 days after the end of the month
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