Bitcoin Forex Forum

  • Forex Games
  • Forum
    Results 1 to 2 of 2

    Thread: The Economic Calendar for 6-12 July 2020

    1. #2 Collapse post
      Leyda is offline
      Junior Member Leyda's Avatar
      Join Date
      Sep 2021
      Posts
      2
      Accumulated bonus
      0.00 USD
      (What is this?)
      Thanks
      0
      Thanked 0 Times in 0 Posts
      SubscribeSubscribe
      0
      In turn, these indicators affect the inflation rate in the eurozone. The more consumers spend, the higher inflation is and the more actively the economy grows. Thus, the increase in retail sales in the eurozone may positively affect the quotes of the euro.

    2. #1 Collapse post
      CorporateProfit is offline
      Member CorporateProfit's Avatar
      Join Date
      Jun 2020
      Posts
      31
      Accumulated bonus
      0.00 USD
      (What is this?)
      Thanks
      0
      Thanked 4 Times in 2 Posts
      SubscribeSubscribe
      0

      Lightbulb The Economic Calendar for 6-12 July 2020

      1.) European Union Retail Sales month/month
      WHEN: 6 July, 2020

      WHAT IT INFLUENCES: EUR (and all EUR pairs), GER30, ESP35, EUSTX50, FRA40

      WHAT'S HAPPENING:

      Retail sales, month/month is an indicator of changes in the volume of retail sales of goods and services in the eurozone in the reporting month compared to the previous one. The calculation is corrected to inflation; for this purpose a special deflator is introduced. Economists consider change in retail sales as one of the key indicators of consumer spending and consumer activity.

      In turn, these indicators affect the inflation rate in the eurozone. The more consumers spend, the higher inflation is and the more actively the economy grows. Thus, the increase in retail sales in the eurozone may positively affect the quotes of the euro.


      2.) ISM United States Non-Manufacturing Purchasing Managers Index (PMI)

      WHEN: 6 July, 2020

      WHAT IT INFLUENCES: USD (and all USD pairs), SPX500, US30, NAS100

      WHAT'S HAPPENING:

      ISM United States Non-Manufacturing Purchasing Managers Index (PMI) reflects business conditions and activity in the US services sector in the reporting month. The service sector makes a major contribution to the country's GDP, which is why the PMI is considered to be a leading indicator of a beginning recession or, conversely, growth.

      Purchasing managers of companies usually 'feel the rhythm of the market' earlier than the rest of their colleagues, as they work in the short term and are able to assess the changing economic conditions trends. The index comes out earlier than GDP and reports of the U.S. Bureau of Labor Statistics, therefore, it serves as a leading indicator.

      3.) U.S. JOLTS Job Openings
      WHEN: 7 July, 2020

      WHAT IT INFLUENCES: USD (and all USD pairs), SPX500, US30, NAS100

      WHAT'S HAPPENING:

      JOLTS Job Opening is a monthly report on open vacancies in the U.S. retail, manufacturingб and office sectors on the last business day of the month. The growth of vacancies, on the one hand, favorably characterises the state of the economy, but if unemployment continues to grow, this indicates an imbalance in the labor market and a lack of skilled labour.

      Long-term observations of the ratio of open vacancies and their occupancy are used to adjust education and training programs at the state level.

      In general, an increase in the number of vacancies favorably affects dollar quotes.

      Thank me later.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •