Date
GMT+01:00
Event
May, 24 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: May, 24 18:00
Importance: Low
Previous: 987
Forecast: -
Actual: -
Period: May
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
May, 26 09:30
★★★
Inflation Report Hearings
Inflation Report Hearings
Country:
Date: May, 26 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

May, 26 09:30
★★★
BOE Governor Mark Carney Speaks
BOE Governor Mark Carney Speaks
Country:
Date: May, 26 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.

May, 26 09:30
★★
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
Country:
Date: May, 26 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Ben Broadbent became Deputy Governor on 1 July 2014. Prior to that, he was an external member of the Monetary Policy Committee from 1 June 2011. In addition to his membership of the Monetary Policy Committee and Financial Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and notes.
May, 26 09:30
★★
MPC Member Silvana Tenreyro Speaks
MPC Member Silvana Tenreyro Speaks
Country:
Date: May, 26 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
May, 26 09:30
★★
MPC Member Michael Saunders Speaks
MPC Member Michael Saunders Speaks
Country:
Date: May, 26 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Michael Saunders, an economist at Citigroup, is to join the Bank of England’s interest rate-setting Monetary Policy Committee. Mr Saunders, who has worked at the US bank for more than 25 years, will replace Martin Weale on August 9, 2016 when his term at the BoE ends.
May, 27 06:00
Leading Indicators
Leading Indicators
Country:
Date: May, 27 06:00
Importance: Low
Previous: 96.3
Forecast: 96.3
Actual: -
Period: Mar
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. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008. Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads.
May, 28 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: May, 28 00:50
Importance: Low
Previous: 1.1%
Forecast: -
Actual: -
Period: Apr

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

May, 28 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: May, 28 06:00
Importance: Low
Previous: 0.5%
Forecast: -
Actual: -
Period: Apr
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
May, 28 06:45
★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: May, 28 06:45
Importance: Medium
Previous: 0.2% q/q; 1.4% y/y
Forecast: -
Actual: -
Period: 1 quarter

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

May, 28 07:00
Trade Balance
Trade Balance
Country:
Date: May, 28 07:00
Importance: Low
Previous: 3.18bln
Forecast: -
Actual: -
Period: Apr

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.

May, 28 07:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: May, 28 07:00
Importance: Low
Previous: 10.4
Forecast: -
Actual: -
Period: Jun

The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

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