2pm - 'Economic news' courtesy reminder time Traders,Please...

2pm - 'Economic news' courtesy reminder time Traders,

Please note the following 'Economic news' which is due out in the US this evening:-

Market Focus/Highlights

"Strength of final sales in today's first-quarter GDP report will indicate how much momentum the economy had going into this quarter." [Source: Bloomberg]

GDP [market moving indicator]
[Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.]

Employment Cost Index [ Merits extra attention]
[A measure of total employee compensation costs, including wages and salaries as well as benefits. The employment cost index (ECI) is the broadest measure of labor costs.]

Consumer Sentiment [ Merits extra attention]
[The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey.]

Chicago Purchasing Managers' Index (Apr) [ Moderate volatility expected]
[The Chicago Purchasing Managers Index released by the Kingsbury International captures business conditions across Illinois, Indiana and Michigan. This index is an indicator of business trends and it is interrelated with the ISM manufacturing Index. It is widely used to indicate the overall economic condition in US. A result above 50 is bullish for the USD, whereas a result below 50 is seen as bearish.]

Personal Consumption Expenditure Deflator (1Q) [ Moderate volatility expected]
[Price changes may cause consumers to switch from buying one good to another and the PCE Deflator has the ability to account for such substitutions. This makes it the preferred measure of inflation for the Federal Reserve and it's released by the Commerce Department.]

Real Personal Consumption Expenditures (QoQ) (1Q) [ Moderate volatility expected]
[The Real Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. Generally speaking, a high reading is bullish for the USD, while a low reading is bearish.]

Farm Prices
[The Department of Agriculture releases at the end of the month the index of prices received by farmers for the current month. This report is entitled Agricultural Prices. Prices received represent sales from producers to first buyers. They include all grades and qualities.]

... and ...

The following 'Economic news' is due out in Australia on Monday:-

Housing Price Index (QoQ (YoY) (1Q) [ Moderate volatility expected]
[The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as positive or ( Bullish ) for the AUD, while a low reading is seen as negative ( or Bearish ).]

AiG Performance of Mfg Index (Apr)
[AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manifucturing sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).]

TD Securities Inflation (MoM) (YoY) (Apr)
[TD Securities Inflation released by The University of Melbourne - Faculty of Economics and Commerce estimates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate hike by the RBA. Generally speaking, a high reading should be taken as positive, or bullish, for the AUD, while a low reading is seen as negative or bearish.]

RBA Commodity Index SDR (YoY) (Apr)
[The RBA Commodity Price SDR released by the Reserve Bank of Australia is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the AUD, while a decrease in prices may indicate weakness of the AUD. A high reading is seen as bullish for the AUD, whereas a low reading is seen as bearish.]

2-Yr Note Settlement; 5-Yr Note Settlement; 5-Yr TIPS Settlement; 7-Yr Note Settlement

[Sources: Bloomberg & fxstreet.com]
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