What goes around, comes around
– Repetitive Economic Events –
The key to understanding the financial market lays in understanding what makes it tick. Your best shot at doing so, is by closely following the most important economic events. You will soon notice that some of them have the tendency to repeat every week, month or quarter.
With this blog series, we are planning to shed light on some of the most popular financial events that can impact the trend of the main assets from the financial markets. Knowing your way around such events will give you the best chance at understanding how the industry works.
One first thing you should understand is that based on their nature, economic events have the potential to influence the trends of various assets or even groups of assets (currencies, cryptos, indices, shares, or commodities).
Knowledge is King!
Among the most important economic events we remind:
- Interest Rates (European Central Bank – ECB, Bank of Canada – BoC, Bank of England – BoE) & Federal Open Market Committee – FOMC (US),
- ADP Employment & NonFarm Payrolls – NFP (US) and Unemployment Rate (other countries) – every first Friday of each month,
- Consumer Price Index – CPI,
- Producer Price Index – PPI,
- Export/Import Price Index,
- American Petroleum Institute – API (US) – every Tuesday,
- Energy Information Administration – EIA (US) – every Wednesday,
- Organization of the Petroleum Exporting Countries (Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Republic of the Congo, Saudi Arabia, United Arab Emirates, Venezuela) – OPEC and OPEC+ (including Russia, Oman, Azerbaijan, Mexico, Malaysia, Bahrain, Sudan, S Sudan, Kazakstan, Brunei) Meetings – usually scheduled on Thursdays,
- Baker Hughes Rig Count (US) – every Friday.
The first events primarily impact the currency of the countries they represent, and by default the indices of the respective countries, the last four influence the Oil prices, as well as the energy companies that so much rely on Oil consumption.
During the following weeks, we’ll try to closely focus on each of the above-mentioned events, in order to give you the best possible shot to stay updated with the markets. Following this series of blogs, you’ll manage to increase your chance to be part of 29% of traders that profit when trading with eXcentral.