Location: United States
Date: 03/07/2014
Time: 14:45
Strength: 2/3
Previous: 58.1
Notes: The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.
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Thursday, July 03, 2014
US Markit Services PMI
US Initial Jobless Claims
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 2/3
Previous:
Notes: The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.
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US Continuing Jobless Claims
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 2/3
Previous:
Notes: The Continuing Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish.
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US Average Hourly Earnings (YoY)
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 2/3
Previous:
Notes: The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.
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US Unemployment Rate
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 3/3
Previous:
Notes: The Unemployment Rate released by the US Department of Labor is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the US economy. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish).
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US Trade Balance
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 2/3
Previous: -$47.24B
Notes: The Trade Balance released by the Bureau of Economic Analysis and the U.S. Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some
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US Average Hourly Earnings (MoM)
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 2/3
Previous:
Notes: The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.
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US Nonfarm Payrolls
Location: United States
Date: 03/07/2014
Time: 13:30
Strength: 3/3
Previous:
Notes: The nonfarm payrolls released by the US Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
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US Labor Force Participation Rate
Location: United States
Date: 03/07/2014
Time: 13:00
Strength: 2/3
Previous: 62.8%
Notes: The participation rate, released by Bureau of Labor Statistics, is the percentage of the total number of people of labour-force age that is in the labour force (either working or looking for a job).
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EMU ECB Interest Rate Decision
Location: European Monetary Union
Date: 03/07/2014
Time: 12:45
Strength: 3/3
Previous:
Notes: ECB Interest Rate Decision is announced by the European central Bank. Usually, if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.Review Alex Nekritin's Article - Trading the Euro with the ECB Rate Decision
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EMU Retail Sales (YoY)
Location: European Monetary Union
Date: 03/07/2014
Time: 10:00
Strength: 2/3
Previous: 2.4%
Notes: The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
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EMU Retail Sales (MoM)
Location: European Monetary Union
Date: 03/07/2014
Time: 10:00
Strength: 2/3
Previous: 0.4%
Notes: The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
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UK Markit Services PMI
Location: United Kingdom
Date: 03/07/2014
Time: 09:30
Strength: 2/3
Previous: 58.6
Notes: The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading as that will be taken as positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
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EMU Markit PMI Composite
Location: European Monetary Union
Date: 03/07/2014
Time: 09:00
Strength: 2/3
Previous: 53.5
Notes: The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).
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EMU Markit Services PMI
Location: European Monetary Union
Date: 03/07/2014
Time: 09:00
Strength: 2/3
Previous: 53.2
Notes: The PMI service released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the European service sector does not influence, either positively or negatively, the GDP as much as the Services PMI does. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually a result above 50 is bullish for the EUR, whereas a result below 50 is seen as bearish.
#END
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