HONG KONG CPI (YoY)
CURRENCY: HKD
IMPACT: MEDIUM IMPACT
ACTUAL>FORECAST: GOOD FOR CURRENCY
FORECAST: 3.80%
PREVIOUS: 3.70%
This is medium impact news. The forecast and previous released earlier, where as the actual release sometime afterwards. Due to the actual release, if the actual greater than forecast means the result is positive, while the actual less than forecast means the result is negative. Last month actual is this month previous. The actual greater than forecast means the market rate is up and the actual less than forecast means, the market rate is down. If the market rate is up it is good for economic health, where as the market rate is down it is not good for economic health.
The consumer price index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is the key way to measure changes in purchasing trends and inflation.
Hong Kong’s overall consumer price rose 3.8 percent in October over the same month a year earlier, flat from the growth rate in September the city census and statistics department said Thursday.
Netting out the effects of all government’s one-off relief measures, the year- on- year growth of composite consumer price index eased to 3.8% in October, slihghtly down from 3.9% in September, due to smaller increases in private housing rentals.
A government spokesman said that inflation remained on a general easing trend. Underlying inflation eased in October, mainly because of narrower year-on-year increases in food and private housing rentals.
Looking ahead, inflation should remain contained for the rest of the year, given the slower local economic growth and lower imported inflation, the spokesman said.
In Hong Kong, the most important categories in the consumer price index are housing(32 percent of total weight) and food (27 percent of total weight).Transport accounts for 8 percent; Miscellaneous goods for 4 percent. This page includes a chart with historical data for Hong Kong Inflation rate.
WHOLESALE SALES (MoM)
CURRENCY: CAD
IMPACT: MEDIUM IMPACT
ACTUAL>FORECAST: GOOD FOR CURRENCY
FORECAST: 1%
PREVIOUS: 0.9%
This is medium impact news. The forecast and previous released earlier, where as the actual release sometime afterwards. Due to the actual release, if the actual greater than forecast means the result is positive, while the actual less than forecast means the result is negative. Last month actual is this month previous. The actual greater than forecast means the market rate is up and the actual less than forecast means, the market rate is down. If the market rate is up it is good for economic health, where as the market rate is down it is not good for economic health.
Whole sale sales measures the change in the total value of sales at the wholesale level.It is a leading indicator consumer spending.
It measures the change in the total value of sales at the wholesale levels.
The trader becomes care, because it is a leading indicator of consumer spending-retailers generally order more goods from wholesalers when they expect consumer sales to increase.
A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.