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September 9, 2022

Important Economic Calendar Analysis

2:30 pm (GMT+4)

China CPI MoM (Aug)

Previous: 0.5%    Forecast: 0.2%    Actual: -0.1%

Impact: Low market impact

The Chinese monthly CPI report was expected to come at 0.2%, however, it came at -0.1%. This decrease to -0.1% might be to the tensions between China-Taiwan that had a high impact on the market, in addition to the U.S sanctions.

Indonesia Retail Sales YoY (Jul)

Previous: 4.1%    Forecast: -    Actual: 6.2%

Impact: Low Impact on the market

The Indonesian retail sales increase from 4.1% to 6.2% showed some strength in the Indonesian economy. This decision did not affect the market majorly as it was on the level of 15% on last March

France Industrial Output MoM (SA) (Jul)

Previous: 1.2%    Forecast: -0.5%    Actual: -1.6%

Market Impact: Low impact on EURUSD Pair

The French industrial output decreased from 1.2% to -1.6% for July’s data. However, this fundamental did not affect negatively the EURUSD pair due to the interest rate increase in Europe by 75 points that had a strong bullish trend on the European market.

Canada Unemployment rate (SA) (AUG)

Previous: 4.9%    Forecast: 5%    Actual: TBA

Market Impact: High Impact on USDCAD pair

Analysis:

The Unemployment rate fundamental is one of the most important that affect the Canadian economy. Traders in the Canadian market wait patiently for this fundamental to be released. An increase in the unemployment rate is seen to be bearish for Canadian currency, while a decrease in the unemployment rate is seen to be bullish for Canadian currency.

U.S Wholesale Sales MoM (SA) (Jul)

Previous: 1.8%    Forecast: 1.4%    Actual: TBA

Market Impact: Medium impact on USD