This week’s market events:
Stay informed and prepared with the following updates
CNY Gross Domestic Product (YoY)(Q1):
The Gross Domestic Product (GDP), released by the National Bureau of Statistics of China on a monthly basis, is a measure of the total value of all goods and services produced in China during a given period. The GDP is considered as the main measure of China’s economic activity. The YoY reading compares economic activity in the reference quarter compared with the same quarter a year earlier. Generally speaking, a rise in this indicator is bullish for the Renminbi (CNY), while a low reading is seen as bearish.
USD Retail Sales Control Group(Mar):
The so-called Retail Sales Control Group data, released by the US Census Bureau on a monthly basis, measures the value in total receipts of retail and food stores in the United States excluding receipts from auto dealers, building-materials retailers, gas stations, office supply stores, mobile home dealers and tobacco stores. The data is adjusted for seasonal variations as well as holiday and trading-day differences, but not for price changes. Retail sales data is widely followed as an indicator of consumer spending, which is a major driver of the US economy. The & “control group” is a more precise measure of gauging consumer spending. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.
AUD Employment Change s.a.(Mar):
The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. The statistic is adjusted to remove the influence of seasonal trends. Generally speaking, a rise in Employment Change has positive implications for consumer spending, stimulates economic growth, and is bullish for the Australian Dollar (AUD). A low reading, on the other hand, is seen as bearish.
CAD Consumer Price Index (YoY)(Mar):
The Consumer Price Index (CPI), released by Statistics Canada on a monthly basis, represents changes in prices for Canadian consumers by comparing the cost of a fixed basket of goods and services. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Canadian Dollar (CAD), while a low reading is seen as bearish.
