The Gross Domestic Product (GDP) is the broadest measure of economic activity
and is a key indicator for the economy's health.
The quarterly percent changes in GDP shows the growth rate of the economy as a whole. A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Current Account index measures the difference in worth between exported and imported goods, services, and interest payments (exports minus imports).
Export data can give reflection on the UK growth.
Imports provide an indication of domestic demand.
The goods portion is the same as the Trade Balance figure.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the GBP.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Index of Services measures the monthly movements in gross value added (GVA) of all service sectors.
It has less affect on the GDP in the UK than the manufacturing sector.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. His comments may determine a short-term positive or negative trend.
The Food Price Index (FPI) measures the change in the rate of inflation for food and food services purchased by households.
The FPI can reflect demand for New Zealand products and for the NZD.
A higher than expected reading should be taken as positive/bullish for the NZD,
while a lower than expected reading should be taken as negative/bearish for the NZD.
The BRC Shop Price Index measures the change in worth of same-store sales in BRC member popular retail outlets in the UK.
It actually measures retail sales for retailers who belong to the BRC.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the price change of homes in the UK.
A reading above 0% means more surveyors reported a rise in prices.
This report helps to analyze the strength of the UK
housing market, which helps to analysis the economy as a whole.
It's a leading indicator of housing inflation. A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The National Australia Bank (NAB) Business Confidence measures the current business conditions in Australia.
It helps to analysis of economic situation in the short term.
A rising trend indicates increase in business investment which
may lead to higher levels of output. The indicator is concluded from a survey of around 350 companies. Above 0 indicates improving conditions, below indicates worsening conditions.
A higher than expected reading should be taken as positive/bullish for the AUD,
while a lower than expected reading should be taken as negative/bearish for the AUD.
