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Economic Weekly Calendar: 7th August '17- 11 August'17

Wednesday, 9 August, 07:30pm (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.

Thursday, 10 August, 01:30pm (Local time)

Factory production (GBP)

Impact Level: High

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.

Thursday, 10 August, 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, 10 August, 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.

Friday, 11 August, 04:30am (Local time)

Reserve Bank of Australia (RBA) (AUD)

Impact Level: High

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.

Friday, 11 August, 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, 11 August, 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.