Date
GMT+01:00
Event
Jun, 21 02:30
RBA Bulletin
RBA Bulletin
Country:
Date: Jun, 21 02:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint. Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010.
Jun, 21 05:30
★★
SNB Financial Stability Report
SNB Financial Stability Report
Country:
Date: Jun, 21 05:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
In its Financial Stability Report, the Swiss National Bank presents its assessment of the Swiss banking sector's stability. The Bank publishes this report as part of its contribution to the stability of the financial system – a task assigned to it under the new National Bank Act. In the Financial Stability Report, the National Bank focuses on trends that are observable at the levels of the banking system, the financial markets and the macroeconomic environment. The main purpose of the report for the National Bank is to draw attention to strains or imbalances which could pose a threat to system stability in the short or the longer term. The Bank thus tracks developments in the banking sector from a macroprudential perspective. This task supplements that assigned to the Swiss Financial Market Supervisory Authority (FINMA), which is responsible for supervision of the banks at the level of the individual institutions (microprudential supervision).
Jun, 21 07:00
Trade Balance
Trade Balance
Country:
Date: Jun, 21 07:00
Importance: Low
Previous: 2.29bln
Forecast: 1.89bln
Actual: -
Period: May

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.

Jun, 21 07:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: Jun, 21 07:00
Importance: Low
Previous: 14.9% y/y
Forecast: -
Actual: -
Period: May

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

Jun, 21 08:30
★★★
Libor Rate
Libor Rate
Country:
Date: Jun, 21 08:30
Importance: High
Previous: -0.75%
Forecast: -0.75%
Actual: -
Period: Jun

The Swiss franc LIBOR interest rate is the average interbank interest rate at which a large number of banks on the London money market are prepared to lend one another unsecured funds denominated in Swiss francs. The Swiss franc (CHF) LIBOR interest rate is available in 15 maturities, from overnight (on a daily basis) to 12 months. The table below shows a summary of the current rates of all CHF LIBOR interest rates. We update these interest rates daily. If you click on the links you can see extensive current and historic information for the maturity concerned.

Jun, 21 08:30
★★★
3-Month Libor Lower Target Range
3-Month Libor Lower Target Range
Country:
Date: Jun, 21 08:30
Importance: High
Previous: -1.25%
Forecast: -1.25%
Actual: -
Period: Jun
The SNB fixes a target range marking the lower bound for the three-month Libor, separately from the upper one.
Jun, 21 08:30
★★★
3-Month Libor Upper Target Range
3-Month Libor Upper Target Range
Country:
Date: Jun, 21 08:30
Importance: High
Previous: -0.25%
Forecast: -0.25%
Actual: -
Period: Jun
The SNB fixes a target range marking the upper bound for the three-month Libor, separately from the lower one.
Jun, 21 08:30
★★★
SNB Monetary Policy Assessment
SNB Monetary Policy Assessment
Country:
Date: Jun, 21 08:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

It's the primary tool the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

Jun, 21 09:00
★★★
SNB Press Conference
SNB Press Conference
Country:
Date: Jun, 21 09:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Press Conference SNB takes half an hour after the decision on the bet. Speech may contain unexpected declarations that move markets, but the main remarks solutions will be available a bit earlier during the announcement of the rate decision.
Jun, 21 09:30
★★
Public Sector Net Borrowing
Public Sector Net Borrowing
Country:
Date: Jun, 21 09:30
Importance: Medium
Previous: 6.2bln; 7.8bln
Forecast: 5.1bln
Actual: -
Period: May
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.
Jun, 21 09:30
30-Year Bonds Auction
30-Year Bonds Auction
Country:
Date: Jun, 21 09:30
Importance: Low
Previous: 2.225%; 1.27
Forecast: -
Actual: -
Period: Jun
Bonds with the longest maturity.
Jun, 21 10:00
30-y Bond Auction
30-y Bond Auction
Country:
Date: Jun, 21 10:00
Importance: Low
Previous: 1.65%; 1.35
Forecast: -
Actual: -
Period: Jun
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
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