Date
GMT+01:00
Event
Jun, 17 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Jun, 17 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.

Jun, 17 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: -1.49bln
Forecast: -
Actual: -
Period: Apr

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

Jun, 17 13:30
NY Fed Empire State manufacturing index
NY Fed Empire State manufacturing index
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: 17.8
Forecast: -
Actual: -
Period: Jun

  Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

Jun, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jun, 17 15:00
Importance: Low
Previous: 66
Forecast: -
Actual: -
Period: Jun

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.

Jun, 17 19:45
★★
BOC Deputy Governor Lawrence Schembri Speaks
BOC Deputy Governor Lawrence Schembri Speaks
Country:
Date: Jun, 17 19:45
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOC Governing Council members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Jun, 17 21:00
TICS
TICS
Country:
Date: Jun, 17 21:00
Importance: Low
Previous: -28.4bln
Forecast: -
Actual: -
Period: Apr

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

Jun, 17 22:00
Westpac Consumer Confidence
Westpac Consumer Confidence
Country:
Date: Jun, 17 22:00
Importance: Low
Previous: 103.8
Forecast: -
Actual: -
Period: 2 quarter

Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indices measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation-based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.

Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

Jun, 18 02:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Jun, 18 02:30
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.
Jun, 18 02:30
★★
House Price Index
House Price Index
Country:
Date: Jun, 18 02:30
Importance: Medium
Previous: -2.4%q/q; -5.1% y/y
Forecast: -
Actual: -
Period: 1 quarter

Tracks changes in housing prices in Australia's eight provincial capital cities: Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra. The headline number is the weighted average percentage change from the previous quarter. Like any price index, the housing price indexes measure inflationary pressures, in this case specifically from the housing sector. The headline number is the quarterly percentage change in the index.

Jun, 18 07:00
Wholesale Price Index
Wholesale Price Index
Country:
Date: Jun, 18 07:00
Importance: Low
Previous: 0.6% m/m; 2.1% y/y
Forecast: -
Actual: -
Period: May

Measures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.

Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility.

Jun, 18 07:00
PPI
PPI
Country:
Date: Jun, 18 07:00
Importance: Low
Previous: 0.5% m/m; 2.5% y/y
Forecast: -
Actual: -
Period: May

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

Jun, 18 10:00
★★
ZEW Economic Sentiment
ZEW Economic Sentiment
Country:
Date: Jun, 18 10:00
Importance: Medium
Previous: -2.1
Forecast: -
Actual: -
Period: Jun

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

Experts are asked for a qualitative assessment of the direction of inflation, interest rates, exchange rates and the stock market in the next six months. Thus the indicator provides a medium-term forecast for the German economy.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

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