Date
GMT+01:00
Event
Sep, 17 23:45
Current Account
Current Account
Country:
Date: Sep, 17 23:45
Importance: Low
Previous: 0.68bln
Forecast: -1.10bln
Actual: -
Period: 2 quarter

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

Sep, 18 00:50
Trade Balance
Trade Balance
Country:
Date: Sep, 18 00:50
Importance: Low
Previous: -126.8bln; -249.6bln
Forecast: -147.9bln; -346.3bln
Actual: -
Period: Aug

The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.

A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers. A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value.

Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy.

The headline figure for trade balance is expressed in millions of Yen and usually accompanied by a year-on-year percentage change figure.

Sep, 18 01:30
MI Leading Index
MI Leading Index
Country:
Date: Sep, 18 01:30
Importance: Low
Previous: 0.1%
Forecast: -
Actual: -
Period: Aug

A leading indicator for Australian economic activity calculated by Melbourne Institute.

Sep, 18 09:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Sep, 18 09:30
Importance: High
Previous: 0.0% m/m; 2.1% y/y
Forecast: 0.4% m/m; 1.8% y/y
Actual: -
Period: Aug

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Sep, 18 09:30
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: Sep, 18 09:30
Importance: Medium
Previous: 1.9%
Forecast: 1.8%
Actual: -
Period: Aug

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

Sep, 18 09:30
★★
Retail price index
Retail price index
Country:
Date: Sep, 18 09:30
Importance: Medium
Previous: 0.0% m/m; 2.8% y/y
Forecast: 0.5% m/m; 2.5% y/y
Actual: -
Period: Aug

In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics.

Sep, 18 09:30
★★
PPI Input
PPI Input
Country:
Date: Sep, 18 09:30
Importance: Medium
Previous: 0.9% m/m; 1.3% y/y
Forecast: -0.4% m/m; -1.0% y/y
Actual: -
Period: Aug

A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices.

The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year.

Sep, 18 09:30
PPI Output
PPI Output
Country:
Date: Sep, 18 09:30
Importance: Low
Previous: 0.3% m/m; 1.8% y/y
Forecast: 0.1% m/m; 1.7% y/y
Actual: -
Period: Aug

A monthly survey that measures the price changes of goods produced by UK manufacturers. The figure is also known as "Factory Gate Price" because it usually matches the price of goods when they first leave the factory. Increased prices in manufacturing typically lead to higher retail prices for consumers. However, it is also likely that higher output prices are caused by manufacturers charging a higher premium due to higher demand for their goods. Consequently, market trends in consumption should be considered with Output PPI to avoid data misinterpretation.

Sep, 18 09:30
House Price Index
House Price Index
Country:
Date: Sep, 18 09:30
Importance: Low
Previous: 0.9%
Forecast: 0.8%
Actual: -
Period: Jul

A broad measure of the movement of single-family house prices. Apart from serving as an indicator of house price trends, the House Price Index (HPI) provides an analytical tool for estimating changes in the rates of mortgage defaults, prepayments and housing affordability. It is a weighted, repeat-sales index, which means that it measures average price changes in repeat sales or refinancings on the same properties.

Sep, 18 10:00
Trade Balance
Trade Balance
Country:
Date: Sep, 18 10:00
Importance: Low
Previous: 5.73bln
Forecast: 4.80bln
Actual: -
Period: Jul

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, 18 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Sep, 18 10:00
Importance: Medium
Previous: 1.0%
Forecast: 1.0%
Actual: -
Period: Aug

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Sep, 18 10:00
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Sep, 18 10:00
Importance: Low
Previous: 0.9%
Forecast: 0.9%
Actual: -
Period: Aug

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

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