Date
GMT+01:00
Event Value
Aug, 23 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Aug, 23 10:30
Importance: Low
Previous: 0.49%; 1.5
Forecast: -
Actual: -
Period: Aug
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
0.49%; 1.5
Aug, 23 14:05
★★
FOMC Member Robert Kaplan Speaks
FOMC Member Robert Kaplan Speaks
Country:
Date: Aug, 23 14:05
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: Aug
Federal Reserve Bank of Dallas President Robert Kaplan. 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.
Aug, 23 14:45
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Aug, 23 14:45
Importance: Medium
Previous: 53.3
Forecast: 53.4
Actual: -
Period: Aug
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact.
53.3
Aug, 23 14:45
Flash Services PMI
Flash Services PMI
Country:
Date: Aug, 23 14:45
Importance: Low
Previous: 54.7
Forecast: 55.0
Actual: -
Period: Aug
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
54.7
Aug, 23 14:45
Flash Composite PMI
Flash Composite PMI
Country:
Date: Aug, 23 14:45
Importance: Low
Previous: 54.6
Forecast: -
Actual: -
Period: Aug
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
54.6
Aug, 23 15:00
Consumer Confidence
Consumer Confidence
Country:
Date: Aug, 23 15:00
Importance: Low
Previous: -1.7
Forecast: -1.8
Actual: -
Period: Aug

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-1.7
Aug, 23 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Aug, 23 15:00
Importance: Medium
Previous: 610K; 0.8% m/m
Forecast: 611K; 0.0% m/m
Actual: -
Period: Jul

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

610K; 0.8% m/m
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