注視すべきその他の指標
In our previous lesson, we presented various indicators regarding consumption and business optimism. However, it’s not only economic indicators that tend to drive the markets’ expectations. Today we will show a number of other factors that could create volatility in the markets. OTHER INDICATORS TO WATCH Communications from central banks From time to time, Central banks tend to issue various announcements which tend to include warnings or explanatory notes on where a central bank is heading to. Should such announcements show intentions for a tightening of its monetary policy, we may see its respective currency gaining. Statements following their meetings On the release of an interest rate decision, a central […]
消費 - 企業景況感
In our previous lesson, we presented various indicators regarding employment. In this lesson we will discuss indicators related to consumption and business confidence. CONSUMPTION RETAIL SALES Retail sales include purchases of finished goods and services by consumers and businesses. By measuring consumer demand for finished goods, retail sales help gauge the pulse of an economy. It should be noted that the rates could be distinguished to headline rates which tend to include a broader spectrum of products, and the core rates which may exclude products such as automobiles and gas stations, despite that not being necessarily the end of the list. Overall, the rates are issued usually on a monthly […]
雇用指標
In our previous lesson, we presented various indicators regarding inflation. In this lesson, we will discuss indicators related to employment. EMPLOYMENT Certain Central Banks have dual mandates where they are expected to maintain inflation at current levels through monetary policy with the Fed’s goal being described as “maximum employment, stable prices, and moderate long-term interest rates”, hence full employment is sometimes considered to be at a 3.5% unemployment rate, therefore traders should be wary of employment indicators mentioned below as they are imperative to central bank policy. UNEMPLOYMENT RATE Possibly the most widely known labour market indicator, it measures the number of unemployed people as a percentage of the labour […]
インフレ指標
In our previous lesson, we presented various indicators regarding growth. In the current lesson, will discuss some rates measuring the rise of prices, inflation. INFLATION CONSUMER PRICE INDEX (CPI) The most well-known measure for the rise of consumers prices is the CPI rate. It’s a measure of the average change over time in the prices paid by consumers for a basket of consumer goods and services. The annual rate of change in the CPI is usually referred to as “the inflation rate”. The rate is measured on a month on month basis, on a quarter on quarter and on a year on year basis. We have already discussed the importance […]
成長指標
In our previous lesson, we discussed expectations theory and how it affects the market’s behaviour. In the current lesson, we will discuss macroeconomic indicators measuring an economy’s growth. OUTPUT & GROWTH GROSS DOMESTIC PRODUCT (GDP) The GDP rate is the most well-known growth rate in the field. The rate measures the change in the market value of all final goods and services produced within an economy in a given period of time. The rate can be expressed on a month on month, quarter on quarter or year on year basis. It is the widest measure of economic activity and the main indicator of an economy’s health. A higher than expected […]