FOMC MINUTES AND THE EUROZONE'S GDP CAN CHANGE THE MARKET

Gross Domestic Product, Japan

What's happening:

The Cabinet Office releases the Japanese Gross Domestic Product. It shows the monetary value of all the goods, services, and structures produced in Japan within a given period. Thus, the GDP is a gross measure of the market activity since it indicates the economic growth or decline pace.

• A strong GDP report is positive or bullish for the Japanese yen.

• A weak GDP report is negative or bearish for the Japanese yen.

Gross Domestic Product, Eurozone

What's happening:

Eurostat releases this report to measure the total value of all goods and services produced by the eurozone. The GDP reading is considered a broad measure of the eurozone's economic activity and health.

• A high GDP reading is positive or bullish for the euro.

• A low GDP reading is negative or bearish for the euro.

Harmonized Index of Consumer Prices, Germany

What's happening:

The HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of Germany, based on the methodology of the E.U. states. HICP is a measure of prices used by the Governing Council to define and quantify price stability in the eurozone.

• A high HCIP reading is positive for the euro.

• A low HCIP reading is negative for the euro.

Consumer Price Index, United Kingdom

What's happening:

The U.K. Consumer Price Index is released by the National Statistics and measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Inflation decreases the purchasing power of GBP. The CPI is a key indicator of inflation and changes in buying trends.

• A rising trend in CPI has a positive or bullish effect on the British pound.

• A falling trend in CPI is negative or bearish for the British pound.

FOMC Minutes, United States

What's happening:

The FOMC stands for The Federal Open Market Committee that organises eight meetings in a year, reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth. The FOMC minutes are released by the Federal Reserve Board of Governors and are a clear guide to the future U.S. interest rate policy.

• A hawkish Fed tone is usually positive or bullish for the U.S. dollar.

• A dovish Fed tone is usually negative or bearish for the U.S. dollar.