Economic calendar November 8, 2024, world economic events today

What is the economic calendar?

The economic calendar is an important tool in finance and investing, providing information about economic, financial and political events that can affect asset values ​​and markets.

The economic calendar plays a pivotal role for traders and investors. It helps them predict market trends, find trading opportunities, manage risk, and plan future trading.

Events in the economic calendar

Events in the economic calendar are divided into two categories: reports on the current situation and forecasts for the future.

Interest Rate Report:Central banks regularly announce interest rate decisions, which have a major impact on currencies, lending rates, and the economy as a whole.

Consumer Price Index (CPI):Inflation measures are based on changes in the prices of a range of goods and services. Rising CPI often prompts central banks to consider raising interest rates.

GDP Report:Gross Domestic Product (GDP) indicates the rate of economic growth. A strong GDP growth usually supports the value of the national currency, and vice versa.

Employment data:Reports on the unemployment rate, labor participation rate, and job creation often indicate the health of the economy.

Retail sales:This index reflects consumer spending, which can directly affect economic growth.

Production and services index:These indicators, such as the PMI (Purchasing Managers' Index), provide a look at the health of the manufacturing and service sectors in the economy.

Monetary policy meetings:Meetings of central banks such as the US Federal Reserve (FED), the European Central Bank (ECB) or the Bank of England (BOE) often have a big impact.

Political or geopolitical events:Like elections, G7 and G20 meetings can influence economic policy and financial markets.

Using an economic calendar effectively helps traders stay on top of market volatility and make smarter trading decisions.

Economic calendar today 11/8/2024

Quoc Duong