US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
JPY: Household Spending y/y, it measures change in the inflation-adjusted value of all expenditures by consumers.
JPY: Current Account, it measures difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month.
JPY: Economy Watchers Sentiment, it measures level of a diffusion index based on surveyed workers who directly observe consumer spending by virtue of their job.
EUR: French Trade Balance, it measures difference in value between imported and exported goods during the reported month.
EUR: Italian Industrial Production m/m, it measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
EUR: ECB President Lagarde Speaks, it measures As head of the ECB, which controls short term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
CAD: Employment Change, Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
CAD: Unemployment Rate, Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
USD: Average Hourly Earnings m/m, It’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer.
USD: Non-Farm Employment Change, it measures change in the number of employed people during the previous month, excluding the farming industry.
USD: Unemployment Rate, it measures percentage of the total work force that is unemployed and actively seeking employment during the previous month.
USD: Final Wholesale Inventories m/m, it measures change in the total value of goods held in inventory by wholesalers.
USD: FOMC Member Williams Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
USD: Consumer Credit m/m, it measures change in the total value of outstanding consumer credit that requires installment payments.