Date
GMT+03:00
Event Value
Jul, 25 17:00
★★★
CB Consumer Confidence
CB Consumer Confidence
Country:
Date: Jul, 25 17:00
Importance: High
Previous: 118.9
Forecast: 116.2
Actual: -
Period: Jul
CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar.
118.9
Jul, 26 04:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 26 04:30
Importance: High
Previous: 0.5% q/q; 2.1% y/y
Forecast: 0.4% q/q; 2.2% y/y
Actual: -
Period: 2 quarter

The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie 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 is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.

Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.

0.5% q/q; 2.1% y/y
Jul, 26 11:30
★★★
Prelim GDP
Prelim GDP
Country:
Date: Jul, 26 11:30
Importance: High
Previous: 0.2% q/q; 2.0% y/y
Forecast: 0.3% q/q; 1.7% y/y
Actual: -
Period: 2 quarter

Gross Domestic Product (GDP) measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

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

The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation.

0.2% q/q; 2.0% y/y
Jul, 26 21:00
★★★
FOMC Statement
FOMC Statement
Country:
Date: Jul, 26 21:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Jul

The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on. It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

Jul, 26 21:00
★★★
FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Jul, 26 21:00
Importance: High
Previous: 1.25%
Forecast: 1.25%
Actual: -
Period: Jul
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.
1.25%
Jul, 27 15:30
★★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Jul, 27 15:30
Importance: High
Previous: -1.1% m/m; 0.1% m/m
Forecast: 3.2% m/m; 0.4% m/m
Actual: -
Period: Jun

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

-1.1% m/m; 0.1% m/m
Jul, 28 02:30
★★★
National CPI
National CPI
Country:
Date: Jul, 28 02:30
Importance: High
Previous: 0.4% y/y
Forecast: 0.4% y/y
Actual: -
Period: Jun

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

0.4% y/y
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