15:43 2020-10-27 UTC+00
The Demo account serves an educational function; in fact its deposit consists of virtual funds, and it enables a trader to practice trading and gain professional skills without risking any real money. When forex trading on a demo account, both profit and loss will be virtual, whereas trading experience is remarkably similar to real-life conditions. Each step of opening a demo account is comprehensively described in this section.
Daily forex market reviews, trading plan, video analytics, analytical predictions from the leading experts of the currency markets
Analytical materials - indispensable tool for efficient trading on Forex market
|Time||Country||Macroeconomic Indices||Period||Previous Reading||Forecast||Actual Reading||Importance|
|02:30||Consumer Price Index||3 quarter||-1.9% q/q; -0.3% y/y||1.5% q/q; 0.7% y/y||1.6% q/q; 0.7% y/y|
The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.
Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.
|02:30||RBA Trimmed Mean CPI||3 quarter||-0.1% q/q; 1.2% y/y||0.3% q/q; 1.1% y/y||0.4% q/q; 1.2% y/y|
|Change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items.|
|02:30||RBA Weighted Median||3 quarter||0.1% q/q; 1.3% y/y||0.3% q/q; 1.3% y/y||0.3% q/q; 1.3% y/y|
|It helps expose the underlying inflation trend through component weighting and anomaly exclusion. The indicator compares the prices growth to the same quarter a yer ago.|
|14:30||Goods Trade Balance||Sep||-82.9bln||-84.8bln|
|Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.|
BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
|16:00||BOC Rate Statement|
This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.
|16:00||Bank of Canada Monetary Policy Report|
A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
|16:30||Crude Oil Inventories||Oct||-1002K||1500K|
The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.
|17:00||Bank of Canada Press Conference|
(BOC) Press Conference Following the Release of the Monetary Policy Report The global economic recovery is entering a new phase.
Actual news, analytical video reviews, interviews and reports
А new instrument of modern trader due to which technical analysis becomes even more understandable
(Click on the chart to get the detailed view)