Date
GMT+03:00
Event Value
Jul, 23 13:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Jul, 23 13:00
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.

Jul, 23 15:30
Wholesale Sales
Wholesale Sales
Country:
Date: Jul, 23 15:30
Importance: Low
Previous: 0.1% m/m
Forecast: -
Actual: -
Period: May

The value of sales made by Canadian wholesalers. Wholesalers sell to industries and retailers in quantities far larger than most consumers are willing to purchase. Given that growth in Wholesale Trade usually precedes increases in retail trade and consumption, changes in Wholesale Sales can be used as an early indicator for the overall direction of the retail sector, consumption and the economy. The headline figure reports the monthly percentage change in Wholesale Sales, seasonally adjusted to account for variations in demand due to seasonal cycles.

These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment etc.

0.1% m/m
Jul, 23 17:00
★★
Existing Home Sales
Existing Home Sales
Country:
Date: Jul, 23 17:00
Importance: Medium
Previous: 5.43M; -0.4% m/m
Forecast: -
Actual: -
Period: Jun

Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.

The headline is the total value of properties sold.

5.43M; -0.4% m/m
Jul, 23 17:00
Consumer Confidence
Consumer Confidence
Country:
Date: Jul, 23 17:00
Importance: Low
Previous: -0.5
Forecast: -
Actual: -
Period: Jul

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.

-0.5
Jul, 23 17:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Jul, 23 17:30
Importance: Low
Previous: 105.3; 0.1% m/m
Forecast: -
Actual: -
Period: May

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

105.3; 0.1% m/m
Jul, 24 03:30
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 24 03:30
Importance: Low
Previous: 53.0
Forecast: -
Actual: -
Period: Jul

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

53.0
Jul, 24 08:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Jul, 24 08:00
Importance: Low
Previous: 0.5% y/y
Forecast: -
Actual: -
Period: Jun
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
0.5% y/y
Jul, 24 10:00
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 24 10:00
Importance: Medium
Previous: 52.5
Forecast: -
Actual: -
Period: Jul

A monthly guage of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

52.5
Jul, 24 10:00
★★
PMI Services
PMI Services
Country:
Date: Jul, 24 10:00
Importance: Medium
Previous: 55.9
Forecast: -
Actual: -
Period: Jul

Gauge for the overall performance of the country's service sector. The Services PMI interviews executives on the status of sales, employment, and their outlook. Because the performance of the country's service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

55.9
Jul, 24 10:00
★★
Composite PMI
Composite PMI
Country:
Date: Jul, 24 10:00
Importance: Medium
Previous: 55.0
Forecast: -
Actual: -
Period: Jul
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.
55.0
Jul, 24 10:30
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 24 10:30
Importance: Medium
Previous: 55.9
Forecast: -
Actual: -
Period: Jul

Gauge for overall performance of the German manufacturing sector. Through asking executives about sales and employment outlook, the survey strives to provide useful information about the business climate that can lead to developments in employment, output and consumption. The PMI survey results are the result of interviews with business executives. Manufacturing is an important sector in Germany , which is why changes in Manufacturing PMI can provide a good indicator to the overall economic condition in Germany as well as Euro-zone. However, despite the timeliness of the report, Manufacturing PMI is not a big market mover.
The survey results are quantified into index where 0 represents long term manufacturing business conditions. The headline figure is expressed in percentage change.

55.9
Jul, 24 10:30
★★
PMI Services
PMI Services
Country:
Date: Jul, 24 10:30
Importance: Medium
Previous: 54.5
Forecast: -
Actual: -
Period: Jul

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

54.5
Jul, 24 10:30
★★
Composite PMI
Composite PMI
Country:
Date: Jul, 24 10:30
Importance: Medium
Previous: 54.8
Forecast: -
Actual: -
Period: Jul
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.
54.8
Jul, 24 11:00
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 24 11:00
Importance: Medium
Previous: 54.9
Forecast: -
Actual: -
Period: Jul

The Euro-zone Manufacturing Purchasing Managers Index (PMI) assesses business conditions in the manufacturing sector. Because the manufacturing sector represents nearly a quarter of total Euro-zone GDP, the Euro-zone Manufacturing PMI is both a significant and timely indicator of business conditions and the general health of the economy. Results are quantified in an index in which values above 50 indicate an expected increase of business conditions and values below 50 signal an expected deterioration.

54.9
Jul, 24 11:00
★★
PMI Services
PMI Services
Country:
Date: Jul, 24 11:00
Importance: Medium
Previous: 55.2
Forecast: -
Actual: -
Period: Jul

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

55.2
Jul, 24 11:00
★★
Composite PMI
Composite PMI
Country:
Date: Jul, 24 11:00
Importance: Medium
Previous: 54.9
Forecast: -
Actual: -
Period: Jul

The Eurozone Composite Purchasing Managers Index (PMI) assesses business conditions in manufacturing, construction and service sectors. The Eurozone PMI is both a significant and timely indicator of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-term statistical data, allows to use the PMI indicator for prognosis of future GDP volumes. The PMI indices are based on  selected panels of executives in companies who report each month on real events. The subindex of intangibles sector - PMI services - is of more importance because in industrialized countries around 70% of GDP is generated in non-manufacturing sector.

54.9
Jul, 24 13:00
CBI industrial order books balance
CBI industrial order books balance
Country:
Date: Jul, 24 13:00
Importance: Low
Previous: 13
Forecast: -
Actual: -
Period: Jul

This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.

13
Jul, 24 16:00
House Price Index
House Price Index
Country:
Date: Jul, 24 16:00
Importance: Low
Previous: 0.1% m/m
Forecast: -
Actual: -
Period: May

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

0.1% m/m
Jul, 24 16:45
★★
ISM Manufacturing
ISM Manufacturing
Country:
Date: Jul, 24 16:45
Importance: Medium
Previous: 55.4
Forecast: -
Actual: -
Period: Jul

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

55.4
Jul, 24 16:45
Final Services PMI
Final Services PMI
Country:
Date: Jul, 24 16:45
Importance: Low
Previous: 56.5
Forecast: -
Actual: -
Period: Jul
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. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.
56.5
Jul, 24 16:45
Composite PMI
Composite PMI
Country:
Date: Jul, 24 16:45
Importance: Low
Previous: 56.2
Forecast: -
Actual: -
Period: Jul
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.
56.2
Jul, 24 17:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Jul, 24 17:00
Importance: Low
Previous: 20
Forecast: -
Actual: -
Period: Jul

Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

20
Jul, 25 01:45
★★
Trade Balance
Trade Balance
Country:
Date: Jul, 25 01:45
Importance: Medium
Previous: 294M; -3598M
Forecast: -
Actual: -
Period: Jun

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.

294M; -3598M
Jul, 25 04:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 25 04:30
Importance: High
Previous: 0.4% q/q; 1.9% y/y
Forecast: -
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.

0.4% q/q; 1.9% y/y
Jul, 25 04:30
★★
RBA Trimmed Mean CPI
RBA Trimmed Mean CPI
Country:
Date: Jul, 25 04:30
Importance: Medium
Previous: 0.5% q/q; 1.9% y/y
Forecast: -
Actual: -
Period: 2 quarter
Change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items.
0.5% q/q; 1.9% y/y
Jul, 25 04:30
★★
RBA Weighted Median
RBA Weighted Median
Country:
Date: Jul, 25 04:30
Importance: Medium
Previous: 0.5% q/q; 2.0% y/y
Forecast: -
Actual: -
Period: 2 quarter
It helps expose the underlying inflation trend through component weighting and anomaly exclusion. The indicator compares the prices growth to the same quarter a yer ago.
0.5% q/q; 2.0% y/y
Jul, 25 11:00
ZEW-CS Survey (Economic Expectations)
ZEW-CS Survey (Economic Expectations)
Country:
Date: Jul, 25 11:00
Importance: Low
Previous: 8.0
Forecast: -
Actual: -
Period: Jul

The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

8.0
Jul, 25 11:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Jul, 25 11:00
Importance: Medium
Previous: 101.8
Forecast: -
Actual: -
Period: Jul

The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

101.8
Jul, 25 11:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Jul, 25 11:00
Importance: Medium
Previous: 105.1
Forecast: -
Actual: -
Period: Jul

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.

Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Current Assessment
Measures current German business conditions, without considering future expectations.

105.1
Jul, 25 11:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Jul, 25 11:00
Importance: Medium
Previous: 98.6
Forecast: -
Actual: -
Period: Jul

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

98.6
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