Forex Top Team

Financial policy will carefully check economic indicators depending on the data

Recently, both inflation and economic trends have become unstable. Central banks of major countries are moving to abandon standardized forward guidance. In line with this, although it is a matter of course, the phrase that monetary policy depends on data has been pushed to the forefront. The market has become difficult to read a proper course, and it is at the mercy of the strength of economic indicators or their counter reading.

In this case, it will be necessary to pay more attention to the announcement of each economic indicator. Today, at Canada July consumer price index (CPI), US July industrial production index, capacity utilization rate.

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