Date
GMT+01:00
Event
Sep, 18 12:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Sep, 18 12:00
Importance: High
Previous: 4.00%
Forecast: 4.00%
Actual: -
Period: Sep

The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment.

The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate.

Sep, 18 12:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Sep, 18 12:00
Importance: High
Previous: 0-5-4
Forecast: 0-1-8
Actual: -
Period: Sep

This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced

Sep, 18 12:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Sep, 18 12:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Sep, 18 13:30
★★★
Unemployment Claims
Unemployment Claims
Country:
Date: Sep, 18 13:30
Importance: High
Previous: 263K
Forecast: 241K
Actual: -
Period: Sep

The indicator shows the number of unemployed people in the USA.

Sep, 18 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Sep, 18 13:30
Importance: Medium
Previous: 1939K
Forecast: 1950K
Actual: -
Period: Sep

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

Sep, 18 13:30
★★
Philadelphia Fed Manufacturing Index
Philadelphia Fed Manufacturing Index
Country:
Date: Sep, 18 13:30
Importance: Medium
Previous: -0.3
Forecast: 1.7
Actual: -
Period: Sep

It is a survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure.

Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar.

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

Sep, 18 15:00
Leading Index
Leading Index
Country:
Date: Sep, 18 15:00
Importance: Low
Previous: 98.7; -0.1%
Forecast: ; -0.2%
Actual: -
Period: Aug

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

Sep, 18 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Sep, 18 15:30
Importance: Low
Previous: 71
Forecast: 80
Actual: -
Period: Sep

Weekly report about natural gas storage change in the USA.

Sep, 18 21:00
TICS
TICS
Country:
Date: Sep, 18 21:00
Importance: Low
Previous: 150.8
Forecast: 97.2
Actual: -
Period: Jul

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

Sep, 18 23:45
★★
Trade Balance
Trade Balance
Country:
Date: Sep, 18 23:45
Importance: Medium
Previous: -578M; -3941M
Forecast: -
Actual: -
Period: Aug

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.

Sep, 19 00:01
GfK Consumer Confidence Survey
GfK Consumer Confidence Survey
Country:
Date: Sep, 19 00:01
Importance: Low
Previous: -17
Forecast: -18
Actual: -
Period: Sep

Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in Great Britain. GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a global basis, the indicator is very important for the economy, as it reflects consumers sentiments which formed the major portion of Great Britain GDP. The survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission.

Sep, 19 00:30
★★★
National CPI
National CPI
Country:
Date: Sep, 19 00:30
Importance: High
Previous: 3.1%
Forecast: -
Actual: -
Period: Aug

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

Sep, 19 00:30
★★
National CPI ex Fresh Food
National CPI ex Fresh Food
Country:
Date: Sep, 19 00:30
Importance: Medium
Previous: 3.1%
Forecast: 2.7%
Actual: -
Period: Aug

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

Sep, 19 04:00
Credit Card Spending
Credit Card Spending
Country:
Date: Sep, 19 04:00
Importance: Low
Previous: 0.1%; 1.4%
Forecast: -
Actual: -
Period: Aug

Shows a change in the total expenditure made via credit cards.

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