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Economic Weekly Calendar: 10 July '17- 14 July'17

Wednesday, 12 July, 01:30pm (Local time)

Average Earnings Including Bonuses (GBP)

Impact Level: High

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

Wednesday, 12 July, 7:00pm (Local time)

Bank of Canada (BOC); (CAD)

Impact Level: High

It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

Wednesday, 12 July, 7:00pm (Local time)

Bank of Canada (BOC); (CAD)

Impact Level: High

It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Wednesday, 12 July, 7:00pm (Local time)

Bank of Canada (BOC); (CAD)

Impact Level: High

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

Wednesday, 12 July, 7:00pm (Local time)

Bank of Canada (BOC); (CAD)

Impact Level: High

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

Wednesday, 12 July, 7:30pm (Local time)

Energy Information Administration (EIA) (USD)

Impact Level: High

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

Wednesday, 12 July, 08:15pm (Local time)

Bank of Canada (BOC) (CAD)

Impact Level: High

it’s among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

Thursday, 13 July, 05:30pm (Local time)

Producer Price Index (PPI) (USD)

Impact Level: High

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

Thursday, 13 July, 05:30pm (Local time)

Jobless Claims, Initial Claims (USD)

Impact Level: High

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. Unemployment is also a major consideration for those steering the country's monetary policy.

Thursday, 13 July, 07:00 pm (Local time)

Federal Reserve (Fed )(USD)

Impact Level: High

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

Friday, 14 July, 05:30pm (Local time)

Consumer Price Index (CPI) (USD)

Impact Level: High

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.

Friday, 14 July, 05.30pm (Local time)

Retail Sales Ex Autos (USD)

Impact Level: High

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

Friday, 14 July, 05:30pm (Local time)

Advance Retail Sales (USD)

Impact Level: High

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.