Why did Bitcoin blow off on Wednesday? What is happening in the world of crypto today? Read and find out!
CPI (Consumer Price Index) is one of the most important Australian economic indicators. The release will take place at 4:30 MT time on July 25. The index has a big impact on the policy of the Reserve Bank of Australia and, as a result, on the Australian dollar’s exchange rate.
Australian CPI is released once in 3 months, so it’s natural that every time the market pays great attention to it. After all, it will set the direction for the AUD:
• If the data is greater than the forecast, the AUD will rise.
• If the data is weaker than the forecast, the AUD will go down.
Check the economic calendar
So far, consumer price inflation has been below the RBA 2-3% medium-term target and wage growth has stalled close to the record low.
With mortgage applications heading south to their lowest value since late-2014, the American home lending sector is currently experiencing a key overhaul in how it’s getting on and also manages staffing levels…
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…