Breaking: EUR/USD cracks 1.0500, hits the lowest

CAD: BOC Gov Macklem Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

NZD: Trade Balance, Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.

JPY: Prelim Industrial Production m/m, It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

JPY: Retail Sales y/y, It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

NZD: ANZ Business Confidence, It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

AUD: Import Prices q/q, It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods.

JPY: Housing Starts y/y, It’s a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder.

EUR: Spanish Flash CPI y/y, Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

EUR: Spanish Unemployment Rate, Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

EUR: ECB Economic Bulletin, It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank’s viewpoint.

USD: Advance GDP q/q, It’s the broadest measure of economic activity and the primary gauge of the economy’s health.

USD: Advance GDP Price Index q/q, It’s the broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation.

USD: Unemployment Claims, It measures number of individuals who filed for unemployment insurance for the first time during the past week.

USD: Natural Gas Storage, It measures change in the number of cubic feet of natural gas held in underground storage during the past week.