The Eco Data Calendar for November 12, 2024, had a significant impact on Forex trading. Let’s take a closer look at the key events and their outcomes:
1. Westpac Consumer Confidence in Australia for November showed a 6.20% increase, indicating positive sentiment among consumers in the country.
2. Money Supply M2+CD Year over Year in Japan for October was at 1.50%, slightly higher than the forecast of 1.30%, which could influence the country’s economic policies.
3. NAB Business Confidence and Business Conditions in Australia for October were reported at -2 and 7, respectively, reflecting mixed results in the business sector.
4. Germany’s Consumer Price Index for October came in line with expectations, showing a 0.40% month-over-month increase and a 2.00% year-over-year increase.
5. In the UK, the Claimant Count Change for October was 30.5K, slightly higher than the previous month, while the ILO Unemployment Rate stood at 4.10%.
6. Average Earnings, including and excluding bonuses, showed positive growth in the UK for the three months ending in September.
7. Germany’s ZEW Economic Sentiment and Current Situation for November were reported at 13.2 and -86, respectively, indicating a slightly optimistic outlook for the country’s economy.
8. The Eurozone ZEW Economic Sentiment also showed improvement, reaching 20.5 in November.
9. In the US, the NFIB Business Optimism Index for October exceeded expectations, coming in at 91.9, which could boost investor confidence in the country’s business environment.
10. Canada’s Building Permits for September declined by 1.10%, a significant drop from the previous month, which could impact the construction sector in the country.
Overall, the Eco Data Calendar provided valuable insights into the economic performance of key countries, which could influence Forex trading decisions in the coming weeks. Traders and investors will closely monitor these indicators to make informed choices in the foreign exchange market.
