Date
GMT+01:00
Event
Sep, 25 23:45
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Trade Balance
Trade Balance
Country:
Date: Sep, 25 23:45
Importance: Medium
Previous: -143M; -4441M
Forecast: -930M; -4620M
Actual: -
Period: Aug

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.

Sep, 26 02:00
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ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Sep, 26 02:00
Importance: Medium
Previous: -50.3
Forecast: -
Actual: -
Period: Sep

The results of the ANZ Bank Business survey held among businesses nationwide.

Sep, 26 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Sep, 26 06:00
Importance: Low
Previous: 0.5% y/y
Forecast: 0.6% y/y
Actual: -
Period: Aug
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.
Sep, 26 07:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: Sep, 26 07:00
Importance: Low
Previous: 5.3% y/y
Forecast: -
Actual: -
Period: Aug

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

Sep, 26 09:00
ZEW-CS Survey (Economic Expectations)
ZEW-CS Survey (Economic Expectations)
Country:
Date: Sep, 26 09:00
Importance: Low
Previous: -14.3
Forecast: -
Actual: -
Period: Sep

The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

Sep, 26 09:30
High Street Lending
High Street Lending
Country:
Date: Sep, 26 09:30
Importance: Low
Previous: 39.6K
Forecast: 39.7K
Actual: -
Period: Aug
Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
Sep, 26 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Sep, 26 11:00
Importance: Low
Previous: 29
Forecast: 18
Actual: -
Period: Sep

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

Sep, 26 14:00
SNB Quarterly Bulletin
SNB Quarterly Bulletin
Country:
Date: Sep, 26 14:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Tends to have a mild impact because much of the information is released 2 weeks earlier in the Monetary Policy Assessmen.
Sep, 26 14:00
Leading indicators
Leading indicators
Country:
Date: Sep, 26 14:00
Importance: Low
Previous: 135.6; 1.1% m/m
Forecast: -
Actual: -
Period: Aug

Movements in these indicators are known to precede larger developments in the rest of the economy.

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

Sep, 26 15:00
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New Home Sales
New Home Sales
Country:
Date: Sep, 26 15:00
Importance: Medium
Previous: 627K; -1.7% m/m
Forecast: 630K; 0.5% m/m
Actual: -
Period: Aug

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

Sep, 26 15:30
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Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Sep, 26 15:30
Importance: Medium
Previous: -2057K
Forecast: -
Actual: -
Period: Sep

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

Sep, 26 19:00
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FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Sep, 26 19:00
Importance: High
Previous: 2.00%
Forecast: 2.25%
Actual: -
Period: Sep
The main interest rates settled by the FOMC are responsible for driving inflation in accordance with the monetary policy adopted by the FED. One of the rates in mind is the overnight borrowing rate and the Federal Reserve’s Cash Rate Target (FRCRT). The latter affects interest rates for consumer loans, mortgages, bonds or others. The actual changes to the interest rates have a direct impact on the US dollar. However, the market expectation, in respect to future monetary policy, plays a part that is even more significant for the market. In such circumstances, any indirect information that provides hints to future FED monetary policy, and thus influences the market expectations in respect to the interest rates, may have a significant impact on the US currency. Typically, an increase of the interest rates, or expectations of such an increase, provide fundamental support to the US dollar. The lower interest rates may have a negative impact on the US currency.
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