NEWS ARTICLE FOR MEDIUM IMPACT NEWS AS
ON 18/01/13
MANUFACTURING SALES (MoM)
CURRENCY: CAD
IMPACT: MEDIUM IMPACT
ACTUAL>FORECAST: GOOD FOR CURRENCY
This is the medium impact news. The forecast is 1.0% and the
previous is -1.4%.After the actual is released, if the actual greater
than forecast means the result is positive. While actual value is less
than forecast means the result is negative. The actual is release on
today. Due to the actual release the market value will be predicted
either up or down. If the market is up it is good for economic health,
where as the market is down it is not good for economic health• The manufacturing sales measure the change in the total value of
sales made by manufacturers.
• The traders become care, because it is a leading indicator of
economic health. Manufacturers are quickly affected by market
conditions, and changes in their sales can be an early signal of
future activity such as spending, hiring, and investment.
• 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.• MICHIGAN CONSUMER SENTIMENT
• CURRENCY: USD
• IMPACT: MEDIUM IMPACT
• ACTUAL>FORECAST: GOOD FOR CURRENCY
• This is the medium impact news. The forecast is 75 and the previous
is 72.9 .After the actual is released, if the actual greater than forecast
means the result is positive. While actual value is less than forecast
means the result is negative. The actual is release on today. Due to
the actual release the market value will be predicted either up or
down. If the market is up it is good for economic health, where as
the market is down it is not good for economic health.• A survey of consumer confidence conducted by the University of
Michigan. The Michigan consumer sentiment index (MCSI) uses
telephone surveys to gather information on consumer expectations
regarding the overall economy.
• The university of Michigan consumer sentiment index rates the
relative level of current and future economic conditions. There are
two versions of this data released two weeks apart, preliminary and
revised. The preliminary data tends to have a greater impact. The
reading is compiled from a survey of around 500 consumers.
• A higher than expected reading should be taken as positive/bullish
for the USD, while a lower than expected reading should be taken
as negative/bearish for the USD.