Date
GMT+01:00
Event
May, 21 00:00
★★★
Federal Reserve Chairman Jerome Powell Speaks
Federal Reserve Chairman Jerome Powell Speaks
Country:
Date: May, 21 00:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. 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.
May, 21 02:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: May, 21 02:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
May, 21 03:15
★★★
RBA Governor Philip Lowe Speaks
RBA Governor Philip Lowe Speaks
Country:
Date: May, 21 03:15
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.
May, 21 04:00
Credit Card Spending
Credit Card Spending
Country:
Date: May, 21 04:00
Importance: Low
Previous: -0.1% m/m; 5.1% y/y
Forecast: -
Actual: -
Period: Apr

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

May, 21 07:00
Trade Balance
Trade Balance
Country:
Date: May, 21 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, 21 09:30
★★★
Inflation Report Hearings
Inflation Report Hearings
Country:
Date: May, 21 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, 21 09:30
★★★
BOE Governor Mark Carney Speaks
BOE Governor Mark Carney Speaks
Country:
Date: May, 21 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, 21 09:30
★★
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
Country:
Date: May, 21 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, 21 09:30
★★
MPC Member Silvana Tenreyro Speaks
MPC Member Silvana Tenreyro Speaks
Country:
Date: May, 21 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, 21 09:30
★★
MPC Member Michael Saunders Speaks
MPC Member Michael Saunders Speaks
Country:
Date: May, 21 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, 21 11:00
CBI industrial order books balance
CBI industrial order books balance
Country:
Date: May, 21 11:00
Importance: Low
Previous: -5
Forecast: -6
Actual: -
Period: May

This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.

May, 21 15:00
Existing Home Sales
Existing Home Sales
Country:
Date: May, 21 15:00
Importance: Low
Previous: 5.21M; -4.9%
Forecast: 5.35M; 2.0%
Actual: -
Period: Apr

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.

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