Date
GMT+00:00
Event
Feb, 17 13:30
Labor Cost
Labor Cost
Country:
Date: Feb, 17 13:30
Importance: Low
Previous: 0.9%
Forecast: 1.7%
Actual: -
Period: 4 quarter

The indicator reflects the quarterly changes in salaries and other income received by working population.

Feb, 17 13:30
Non-Farm Productivity
Non-Farm Productivity
Country:
Date: Feb, 17 13:30
Importance: Low
Previous: 2.3%
Forecast: 1.7%
Actual: -
Period: 4 quarter

Measures the output produced for each hour of labor worked. Non-farm Productivity is considered the most accurate gauge of overall business health, given farming data's small and volatile contribution to GDP. To businesses, higher productivity indicates efficient use of employees and capital. Given that labor costs make up more than two-thirds of the average businesses expenses, high productivity can allow a firm to fulfill consumer demand with less labor costs, boosting profitability. Thus trends in this report can precede investment spending and business growth. Also if prices for raw materials increase, improved productivity can save a firm from passing higher costs to the end consumer. Given such business effects, healthy productivity growth bodes well for the economy as a whole, signalling increased production capability and business growth.

Productivity is reported as output per hour per worker, categorized into industry figures.

On a Technical Note: The Non-Farm Productivity number is generated by comparing the number of hours worked (Employment Situation report) to Gross Domestic Product data.

Feb, 17 13:30
Wholesale Inventories
Wholesale Inventories
Country:
Date: Feb, 17 13:30
Importance: Low
Previous: 0.8%
Forecast: 0.9%
Actual: -
Period: Nov

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

Feb, 17 13:30
★★
Goods Trade Balance
Goods Trade Balance
Country:
Date: Feb, 17 13:30
Importance: Medium
Previous: -77.2bln
Forecast: -75.5bln
Actual: -
Period: Nov
Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
Feb, 17 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Feb, 17 13:30
Importance: Medium
Previous: -2.1bln
Forecast: -
Actual: -
Period: Dec

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.

Feb, 18 00:01
Rightmove House Prices
Rightmove House Prices
Country:
Date: Feb, 18 00:01
Importance: Low
Previous: 0.4% m/m; 0.4% y/y
Forecast: -
Actual: -
Period: Feb

House prices index in Great Britain.

Feb, 18 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Feb, 18 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

Feb, 19 00:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Feb, 19 00:30
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.
Feb, 19 07:00
Trade Balance
Trade Balance
Country:
Date: Feb, 19 07:00
Importance: Low
Previous: 1.90bln
Forecast: 2.24bln
Actual: -
Period: Jan

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.

Feb, 19 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: Feb, 19 09:00
Importance: Low
Previous: 20.3bln; 23.2bln
Forecast: -
Actual: -
Period: Dec

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services.

Feb, 19 09:30
★★
Average Earnings Index
Average Earnings Index
Country:
Date: Feb, 19 09:30
Importance: Medium
Previous: 3.4% 3m/y; 3.3% 3m/y
Forecast: 3.5% 3m/y
Actual: -
Period: Dec
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer. Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010
Feb, 19 09:30
★★
Claimant Count Rate
Claimant Count Rate
Country:
Date: Feb, 19 09:30
Importance: Medium
Previous: 4.0%
Forecast: 4.0%
Actual: -
Period: Dec

The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures.

The headline number is a percentage change in the figure.

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