If you’re looking for economic news in your area, you’ve come to the right place. The Western New York Economic News website provides analysis and forecasts for the Buffalo-Niagara Falls Metropolitan Statistical Area. The site also provides comparisons between the Buffalo-Niagara Falls and the state of New York. The site is produced by the Economics and Finance Department at Canisius College.
Economic news includes data on inflation, unemployment, consumer spending, interest rates, and the Federal Reserve. It can help you make investing decisions. The more economic information you have, the better. The following five news releases can be a great starting point. Here’s a look at some of the most popular topics in the field. They include: (i) Unemployment Rate, (ii) Housing Starts, (iii) Purchasing Managers’ Index (PMI), and (ii) Capacity Utilization Rate.
Economic news can affect the risk-on or risk-off trading markets. It can also affect national and continental markets. For example, an increase in unemployment in one country may affect the stock market and other markets. In addition, political turmoil can impact the markets. For example, election results and treaty negotiations could affect the price of stocks or bonds.
Economic news also impacts currencies in the global financial system. GDP numbers and unemployment rates are considered to be important news for the currency markets. These changes can influence the Federal Reserve’s decision-making process. It’s important to watch these reports carefully and be prepared to wait for the market’s reaction. Sometimes, these reactions can be contrary to expectations.
While news-based trading may be a good option, there are disadvantages. First, it requires expert fundamental analysis skills and an understanding of economic announcements. Second, it may require that you hold a position for longer periods of time. You may have to hold a position overnight, which can increase your risk and hold costs. And, it’s best to avoid trading in markets with low liquidity, which could result in lower prices.
The first week of every month is filled with economic news. The nonfarm payrolls (NFP) figure, which measures the number of new jobs in the corporate sector in the United States, is an important leading indicator of the employment situation in the country. This figure is released on the first Friday of each month. Any increase in this number is bullish news for the U.S. dollar.
Another important piece of economic news is the Purchasing Managers Index. This index is based on surveys conducted among key purchasing managers in the economy. The survey asks managers how their businesses are doing and what they expect in the future. They rate factors like the number of workers in their businesses and how much inventory is in their stores. If the PMI is up for several consecutive months, that’s considered bullish news for the currency.
Other economic news includes the Bank of England raising interest rates and forecasting an inflation peak of 13% in the fourth quarter. Meanwhile, Snap reported that it would lay off about a fifth of its 6,400 employees and cancel several projects in an effort to cut costs. Meanwhile, global warming and sea levels have increased to record highs.