SMM7 March 16: today's focus on China's second-quarter GDP annualized rate and the number of Americans claiming unemployment benefits in the week ending July 11.
In terms of data,
China's annual rate of GDP in the second quarter, GDP is the most extensive measurement of economic activity, but also an important indicator of China's economic health. If the index is higher than expected, the RMB should be considered strong / bullish, while if the index is lower than expected, the RMB should be considered weak / bearish.
Britain's unemployment rate in June, unemployment figures are seen as an indicator of the overall state of the economy, and it is the first economic data to be released every month. If the unemployment rate rises, it means that the British labour market is weak, which will drag down the development of the British economy and be bad for the pound. On the contrary, if the unemployment rate falls, it will be good for the pound.
The rise in jobless claims in the UK in June means that a poor job market will affect the economy or be bad for the pound, which will be good for the pound if the data is lower than expected.
After the quarterly adjustment of the euro zone trade account in May, foreign trade is one of the main factors promoting the economic growth of the euro zone, so it has considerable forecasting ability to the economy. It is the largest part of a country's balance of payments. Export data can reflect economic growth in the euro zone. Import data indicate domestic demand. Foreigners must buy their own currencies to pay for exports, which could have a big impact on the euro.
The euro zone until July 16 is the main refinancing rate for the European Central Bank, the central bank of Europe's single currency, the euro. ECB interest rate decisions have a huge impact on financial markets. If the European Central Bank announces that raising interest rates will be good for the euro, if it announces that interest rates will remain unchanged or cut interest rates, it will be bad for the euro. However, since changes in interest rates are usually expected in advance, real decisions tend not to affect the market.
The number of people applying for unemployment benefits in the week from July 11 to July 11 in the United States, as this data is released every week and is the focus of the investment market, the substantial increase in the number of unemployed people will increase the financial pressure on the US government. it is also a test for the US economy, which is suffering from "double red sickness", which is bad for the US dollar.
The monthly rate of retail sales in the United States in June, the monthly rate of retail sales in the United States, is known as "terrorist data"; retail data play an important guiding role in judging the current economic situation and prospects of a country, because retail sales directly reflect changes in consumer spending.
The NAHB real estate market index in July, the (NAHB) real estate market index of the National Association of Home Builders, was obtained through a survey of about 900 homebuilders. A target above 50 indicates a bright future for the U. S. housing market. If the indicator is higher than expected, the dollar should be considered strong / bullish, while if the indicator is lower than expected, the dollar should be considered weak / bearish.
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