Date
GMT+00:00
Event
Nov, 20 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Nov, 20 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Nov

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

Nov, 20 14:00
CB Leading Index
CB Leading Index
Country:
Date: Nov, 20 14:00
Importance: Low
Previous: 175.4; 1.0% m/m
Forecast: -
Actual: -
Period: Oct
Change in the level of a composite index based on 6 economic indicators. This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Source first released in May 2010. Combined reading of 6 economic indicators related to total loans issued, raw material supplies index, new orders, consumer expectations, export orders, and housing.
Nov, 20 14:00
★★★
ECB President Mario Draghi Speaks
ECB President Mario Draghi Speaks
Country:
Date: Nov, 20 14:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

Nov, 20 15:00
CB Leading Index
CB Leading Index
Country:
Date: Nov, 20 15:00
Importance: Low
Previous: 128.6; -0.2% m/m
Forecast: ; 0.6% m/m
Actual: -
Period: Oct
The Conference Board (CB) Leading Index is a composite index based on 10 economic indicators, that is designed to predict the future direction of the economy. The report tends to have a limited impact because most of the indicators used in the calculation are released previously. 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.
Nov, 20 16:00
★★★
ECB President Mario Draghi Speaks
ECB President Mario Draghi Speaks
Country:
Date: Nov, 20 16:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

Nov, 20 22:30
RBA Assistant Governor Michele Bullock Speaks
RBA Assistant Governor Michele Bullock Speaks
Country:
Date: Nov, 20 22:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Michele Bullock is the Assistant Governor (Financial System) at the Reserve Bank of Australia. Michele Bullock was appointed to her current position in October 2016. In this role she is responsible for the Bank's work on financial stability, including production of the twice-yearly Financial Stability Review, as well as the Bank's oversight of the payments system. She is a member of the Bank's senior policy committees, Deputy Chair of the Payments System Board, member of Chief Executive Women (CEW) and executive sponsor of the Bank's employee resource group for accessibility.
Nov, 21 00:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Nov, 21 00:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Nov
The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.
Nov, 21 04:30
All Industries Activity
All Industries Activity
Country:
Date: Nov, 21 04:30
Importance: Low
Previous: 0.1% m/m
Forecast: -0.4% m/m
Actual: -
Period: Sep

Evaluates the monthly change in overall production by all sectors of the Japanese economy. The index comprises a variety of industries: service, manufacturing, construction and public sectors are included. The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion. The All Industry Activity Index is posted monthly as a percentage change from the previous month's figure.

Nov, 21 07:00
Trade Balance
Trade Balance
Country:
Date: Nov, 21 07:00
Importance: Low
Previous: 2.92В
Forecast: 3.21bln
Actual: -
Period: Oct

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

Nov, 21 09:05
★★★
RBA Governor Philip Lowe Speaks
RBA Governor Philip Lowe Speaks
Country:
Date: Nov, 21 09:05
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
RBA Governor Oct 2016 - Sep 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Nov, 21 09:30
★★
Public Sector Net Borrowing
Public Sector Net Borrowing
Country:
Date: Nov, 21 09:30
Importance: Medium
Previous: 5.3В; 5.9В
Forecast: 6.6bln; 7.1В
Actual: -
Period: Oct
In the U.K., the amount of expenditures less the total receipts taken in by the government. Public sector net borrowing is the measure of fiscal surpluses and deficits along with the amount of new debt created. If this number is positive, it means the U.K. is running a fiscal deficit, while a negative number represents a fiscal surplus.
Nov, 21 11:00
CBI Industrial Order Expectations
CBI Industrial Order Expectations
Country:
Date: Nov, 21 11:00
Importance: Low
Previous: -2
Forecast: 3
Actual: -
Period: Nov

This index characterizes the volume of new orders in the industrial sector. The growth of industrial orders is a sign that the economy expands. Increase in orders leads to higher employment in the industry.
Increase in orders will lead to further growth in manufacturing, and hence lead to growth of the national currency and domestic stock market. In the bond market, this leads to an increase in profitability of government securities. The index is certainly important for the market. Sometimes a strong deviation from the forecast values of the index can cause a strong change of the pound sterling rate. Certainly, the indicator is not able to deploy the prevailing trend.

Nov, 21 13:30
★★
Wholesale Sales
Wholesale Sales
Country:
Date: Nov, 21 13:30
Importance: Medium
Previous: 0.5% m/m
Forecast: 0.6% m/m
Actual: -
Period: Sep

The value of sales made by Canadian wholesalers. Wholesalers sell to industries and retailers in quantities far larger than most consumers are willing to purchase. Given that growth in Wholesale Trade usually precedes increases in retail trade and consumption, changes in Wholesale Sales can be used as an early indicator for the overall direction of the retail sector, consumption and the economy. The headline figure reports the monthly percentage change in Wholesale Sales, seasonally adjusted to account for variations in demand due to seasonal cycles.

These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment etc.

Nov, 21 15:00
★★
Existing Home Sales
Existing Home Sales
Country:
Date: Nov, 21 15:00
Importance: Medium
Previous: 5.39M; 0.7% m/m
Forecast: 5.42M; 0.2% m/m
Actual: -
Period: Oct

Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.

The headline is the total value of properties sold.

Powered by InstaForex