Date
GMT+00:00
Event
Jan, 17 15:00
★★★
BOC Monetary Policy Report
BOC Monetary Policy Report
Country:
Date: Jan, 17 15:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
The BOC Governor usually holds a press conference to discuss the contents of this report about 45 minutes after release. It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.
Jan, 17 15:00
★★★
Overnight Rate
Overnight Rate
Country:
Date: Jan, 17 15:00
Importance: High
Previous: 1.00%
Forecast: 1.25%
Actual: -
Period: Jan

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Jan, 17 15:00
★★★
BOC Rate Statement
BOC Rate Statement
Country:
Date: Jan, 17 15:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.

Jan, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jan, 17 15:00
Importance: Low
Previous: 74
Forecast: 73
Actual: -
Period: Jan

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.

Jan, 17 16:15
★★★
BOC Press Conference
BOC Press Conference
Country:
Date: Jan, 17 16:15
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
The press conference has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is audio webcasted on the BOC website. It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.
Jan, 17 19:00
Beige Book
Beige Book
Country:
Date: Jan, 17 19:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

A report on current economic conditions in each of the 12 Federal Reserve districts covering the entire USA. Regional Banks in the Federal Reserve System gather anecdotal information based on surveys of executives, economists and market participants. The Beige Book summarizes this data into a relatively short document, giving a picture of economic trends and challenges faced by different parts of the nation.

In addition to providing useful information on the economy, the report is also a window into how FOMC members may vote at the next interest rate policy meeting. Because each report is based on anecdotal information as much as statistics, it is subjective and may reflect opinions of district governors. As the only comprehensive report made available to the public, the Beige Book provides a rare opportunity for markets to better understand the Federal Reserve and its views on the economy.

Jan, 17 21:00
TIC Long-Term Purchases
TIC Long-Term Purchases
Country:
Date: Jan, 17 21:00
Importance: Low
Previous: 23.2bln
Forecast: 50.1bln
Actual: -
Period: Nov

The U.S. TIC Long-Term Purchases release measures the level of foreign and domestic investment in the US. This important indicator is released monthly, and if the reading exceeds the market forecast, this bodes well for the US dollar.

Jan, 17 21:30
★★
FOMC Member Loretta Mester Speaks
FOMC Member Loretta Mester Speaks
Country:
Date: Jan, 17 21:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Cleveland President Loretta Mester. Federal Reserve FOMC 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.
Jan, 18 00:00
★★
MI Inflation Expectations
MI Inflation Expectations
Country:
Date: Jan, 18 00:00
Importance: Medium
Previous: 3.7%
Forecast: -
Actual: -
Period: Jan

Measures the percentage change which consumers expect for the price of goods and services over the next year.

Jan, 18 00:00
HIA New Home Sales
HIA New Home Sales
Country:
Date: Jan, 18 00:00
Importance: Low
Previous: 1.6% m/m
Forecast: -
Actual: -
Period: Dec
The estimate measures consumer confidence. The estimate growth commonly has a positive effect on the currency rate.
Jan, 18 00:01
RICS House Price Balance
RICS House Price Balance
Country:
Date: Jan, 18 00:01
Importance: Low
Previous: 0%
Forecast: -1%
Actual: -
Period: Dec

An indicator of the expected monthly change in house prices in the UK, published by the Royal Institution of Chartered Surveyors (RICS). The RICS house price balance is based on opinions about housing price trends of a sample size of surveyors based in the UK, covered by the RICS monthly Housing Market Survey.

Jan, 18 00:30
Participation Rate
Participation Rate
Country:
Date: Jan, 18 00:30
Importance: Low
Previous: 65.5%
Forecast: 65.5%
Actual: -
Period: Dec

A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases.

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