Due to deliver closing remarks at a conference hosted by the Federal Reserve Bank of Dallas;
Source
Speaker
Federal Reserve Bank of Atlanta President Raphael Bostic;
Usual Effect
More hawkish than expected is good for currency;
FF Notes
FOMC voting member 2018, 2021, and 2024;
Why Traders Care
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;
Federal Reserve Bank of New York President John Williams;
Usual Effect
More hawkish than expected is good for currency;
FF Notes
FOMC voting member 2012, 2015, 2018, 2019, 2020, 2021, 2022, 2023, and 2024. In Jun 2018 his title changed from Federal Reserve Bank of San Francisco President to Federal Reserve Bank of New York President;
Why Traders Care
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;
Change in the level of a composite index based on 7 economic indicators;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, about 50 days after the month ends;
Next Release
FF Notes
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously;
Derived Via
Combined reading of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads;
Change in the total value of sales at the retail level, excluding automobiles;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, about 50 days after the month ends;
Next Release
FF Notes
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;
Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous month;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, about 50 days after the month ends;
Next Release
FF Notes
This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. The goods portion has no impact because it's a duplicate of the Trade Balance data released about a week earlier;
Why Traders Care
It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the region;
