Date
GMT+01:00
Event
May, 27 08:20
★★★
BOJ Governor Haruhiko Kuroda Speaks
BOJ Governor Haruhiko Kuroda Speaks
Country:
Date: May, 27 08:20
Importance: High
Previous: -
Forecast: -
Actual: -
Period: May

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

May, 29 09:00
Private Loans
Private Loans
Country:
Date: May, 29 09:00
Importance: Low
Previous: 2.4% y/y
Forecast: -
Actual: -
Period: Apr
Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money. Change in the total value of new loans issued to consumers and businesses in the private sector.
May, 29 09:00
★★
M3 Money Supply
M3 Money Supply
Country:
Date: May, 29 09:00
Importance: Medium
Previous: 5.3% y/y
Forecast: -
Actual: -
Period: Apr

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

 

May, 30 00:30
Household Spending
Household Spending
Country:
Date: May, 30 00:30
Importance: Low
Previous: -1.3% y/y
Forecast: -
Actual: -
Period: Apr

A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired. The headline figure is the percentage change in average spending per household from the previous year. Increases in household spending are favorable for the Japanese economy because high consumer spending generally leads to higher levels of economic growth. Higher spending is also a sign of consumer optimism, as households confident in their future outlook will spend more. At the same time accelerated growth exerts inflationary pressure, which can lead to interest rate increases in the future.

May, 30 00:30
Unemployment Rate
Unemployment Rate
Country:
Date: May, 30 00:30
Importance: Low
Previous: 2.8%
Forecast: -
Actual: -
Period: Apr

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

May, 30 00:50
Retail Sales
Retail Sales
Country:
Date: May, 30 00:50
Importance: Low
Previous: 0.2% m/m; 2.1% y/y
Forecast: -
Actual: -
Period: Apr

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

May, 30 02:30
★★
Building Approvals
Building Approvals
Country:
Date: May, 30 02:30
Importance: Medium
Previous: -13.4% m/m; -19.9% y/y
Forecast: -
Actual: -
Period: Apr

The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession. The figure can be used with others to forecast future growth in the economy as a whole. For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia's economic course. A strong housing market also tends to lead consumer spending. The headline number is the seasonally adjusted percentage change in new building approvals from the previous month.

May, 30 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: May, 30 06:00
Importance: Low
Previous: -0.1% y/y
Forecast: -
Actual: -
Period: Apr
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.
May, 30 07:00
Import Price Index
Import Price Index
Country:
Date: May, 30 07:00
Importance: Low
Previous: -0.5% m/m; 6.1% y/y
Forecast: -
Actual: -
Period: Apr

This index measures changes in the prices of imports into a country per month.

May, 30 07:00
Machine Tool Orders
Machine Tool Orders
Country:
Date: May, 30 07:00
Importance: Low
Previous: 34.7% y/y
Forecast: -
Actual: -
Period: Apr

Tracks trends in machine tool orders placed by major manufacturers in Japan . Machine Tool Orders is considered a leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better future outlook. Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run and maintain new machinery.

The Machine Tool Orders figure tracks closely with the Machine Orders figure put out by the Economic and Social Research Institute, but tend to affect the market more since it is released nearly a month earlier.

The headline figure is the percentage change from the previous month or year.

May, 30 07:45
Consumer Spending
Consumer Spending
Country:
Date: May, 30 07:45
Importance: Low
Previous: -0.4% m/m
Forecast: -
Actual: -
Period: Apr

Change in the total value of inflation-adjusted goods expenditures by consumers.

May, 30 07:45
GDP
GDP
Country:
Date: May, 30 07:45
Importance: Low
Previous: 0.3% q/q; 0.8% y/y
Forecast: 0.3% q/q; 0.8% y/y
Actual: -
Period: 1 quarter

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where

C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.

French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

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