Money supply M1, M2, M3
Money supply M1, M2, M3
These are the indicators of aggregate monetary volume. The M1 part includes the most liquid assets: cash, money on "till called for" accounts and traveler's checks. The M2 aggregate includes the M1 part, all fixed deposits up to $100000 and other highly liquid investments. The M3 part includes the M2 part and all fixed deposits of more than $100000.
All three (M1, M2 and M3) indicators are released weekly on Thursdays at 16:30 EST (New York) and display the change in aggregate monetary volume for the week. They are more an informational index with less influence on the market compared to other indicators. Only in the case of some European countries do they have a strong influence on the Forex market, such as GBP (by M1) and EUR (by M3).
