Date
GMT+01:00
Event
Jul, 16 15:00
Business Inventories
Business Inventories
Country:
Date: Jul, 16 15:00
Importance: Low
Previous: -1.3%
Forecast: -2.3%
Actual: -
Period: May

Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.

Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow down, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.

Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .

While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

The headline number is expressed as a percentage change from the previous month.

Jul, 16 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jul, 16 15:00
Importance: Low
Previous: 58
Forecast: 60
Actual: -
Period: Jul

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

Jul, 16 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Jul, 16 15:30
Importance: Low
Previous: 56bln
Forecast: 48bln
Actual: -
Period: Jul

Weekly report about natural gas storage change in the USA.

Jul, 16 16:10
★★
FOMC Member John C. Williams Speaks
FOMC Member John C. Williams Speaks
Country:
Date: Jul, 16 16:10
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

Jul, 16 18:30
FOMC Member Charles Evans Speaks
FOMC Member Charles Evans Speaks
Country:
Date: Jul, 16 18:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Charles L. Evans is the ninth President and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.

Jul, 16 21:00
TICS
TICS
Country:
Date: Jul, 16 21:00
Importance: Low
Previous: -128.4bln
Forecast: -
Actual: -
Period: May

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.

Jul, 16 23:30
★★
Business NZ Manufacturing Index
Business NZ Manufacturing Index
Country:
Date: Jul, 16 23:30
Importance: Medium
Previous: 39.7
Forecast: 35.6
Actual: -
Period: Jun

Индикатор активности в производстве. Аналог Manufacturing PMI. Показывает улучшение (>50) или ухудшение (<50) ситуации в сравнении с предыдущим месяцем. Рост показателя либо превышение прогноза благоприятны для валюты.

Jul, 17 00:01
GfK Consumer Confidence Survey
GfK Consumer Confidence Survey
Country:
Date: Jul, 17 00:01
Importance: Low
Previous: -27
Forecast: -
Actual: -
Period: Jul

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.

Jul, 17 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 17 10:00
Importance: Medium
Previous: 0.3%
Forecast: 0.3%
Actual: -
Period: Jun

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Jul, 17 10:00
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Jul, 17 10:00
Importance: Low
Previous: 0.8%
Forecast: 0.8%
Actual: -
Period: Jun

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Jul, 17 11:00
★★★
BOE Governor Andrew Bailey delivers a speech
BOE Governor Andrew Bailey delivers a speech
Country:
Date: Jul, 17 11:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Jul, 17 13:30
★★
Building Permits
Building Permits
Country:
Date: Jul, 17 13:30
Importance: Medium
Previous: 1220K; 14.4%
Forecast: 1300K
Actual: -
Period: Jun

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

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