News & Macro
What moves markets from the outside. These terms cover central banks and interest rates, the scheduled reports that cause the biggest reactions, and how expectations decide whether news lifts a market or sinks it.
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terms in this topic
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with a chart or figure
12
taught in an Academy lesson
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other topics
12 terms, A to Z
- 8beginner
- 4intermediate
- Central bankThe institution that sets a country's interest rates: the Fed, ECB, Bank of England, Bank of Japan and others.
- ConsensusEconomists' expected value for a release; markets react to the surprise between actual and consensus.
- CPIThe US inflation report, monthly at 8:30 am New York time; core CPI leaves out food and energy.
- Dollar indexA measure of the US dollar against a basket of major currencies; it often moves opposite to EUR/USD and gold.
- EarningsA company's quarterly results; the forecast for next quarter (guidance) often moves the stock most.
- Economic calendarA schedule of data releases and events with their time, expected impact, forecast, previous and actual values.
- FOMCThe Fed committee that sets US interest rates, eight times a year: decision at 2:00 pm, press conference at 2:30 pm.
- HalvingThe cut in new Bitcoin issued per block, every 210,000 blocks (roughly every four years).
- Interest rateThe price of money set by central banks; higher rates usually lift the currency and weigh on stocks and gold.
- Non-farm payrollsNFPThe US jobs report, usually the first Friday of the month at 8:30 am New York time.
- Priced inWhen an expected event is already reflected in the price before it happens.
- Safe havenAssets investors run to when scared, like gold, the yen and the Swiss franc (risk-off); the opposite mood is risk-on.