11:50 2020-10-19 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.
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|Time||Country||Macroeconomic Indices||Period||Previous Reading||Forecast||Actual Reading||Importance|
|02:30||Monetary Policy Meeting Minutes|
|It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.|
|11:30||MPC Member Gertjan Vlieghe Speaks|
|Vlieghe was an economic assistant to Lord Mervyn King at the Bank of England. He then worked as a bond strategist and director at the Deutsche Bank. Later, he worked as a senior economist at Brevan Howard, a hedge fund based in London. On 28 July 2015, it was announced that he would replace David Miles in September 2015 in the nine-member Monetary Policy Committee (MPC) of the Bank of England.|
|14:30||Building Permits||Sep||1470K; -0.9%||1520K|
The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.
The headline is the seasonally adjusted percentage change in Building Permits from the previous month.
|14:30||Housing Starts||Sep||1416K; -5.1%||1450K|
Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.
Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.
Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.
|15:00||FOMC Member John C. Williams Speaks|
John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.
|16:50||FOMC Member Randal K. Quarles Speaks|
|Federal Reserve Governor Randal Quarles - FOMC voting member Oct 2017 - Jan 2032. 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.|
|21:00||FOMC Member Lael Brainard Speaks|
|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.|
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