Date
GMT+00:00
Event Previous Forecast Actual
Mar, 16 14:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Mar, 16 14:00
Importance: Low
Previous: 36
Forecast: 37
Actual: -
Period: Mar

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.

36 37 -
Mar, 16 21:45
Food Price
Food Price
Country:
Date: Mar, 16 21:45
Importance: Low
Previous: 2.5%
Forecast: -
Actual: -
Period: Feb

Measures the price change of food and food services purchased by households. Higher food prices can result in economic slowdown because less disposable income will be used for non-food expenditures. Higher food prices can also result in inflation and signal future monetary action.

Higher domestic food prices may also suggest higher food prices internationally. New Zealand 's economy is largely based on producing and exporting agricultural goods and food products. Therefore, the Food Price Index can reflect demand for New Zealand products and for the New Zealand dollar. A higher reading may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports.

The headline number is the percentage change in the index from the previous month.

2.5% - -
Mar, 17 03:30
★★★
RBA Interest Rate Decision
RBA Interest Rate Decision
Country:
Date: Mar, 17 03:30
Importance: High
Previous: 3.85%
Forecast: 4.10%
Actual: -
Period: Mar
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
3.85% 4.10% -
Mar, 17 03:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: Mar, 17 03:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

- - -
Mar, 17 04:30
Tertiary Industry Index
Tertiary Industry Index
Country:
Date: Mar, 17 04:30
Importance: Low
Previous: -0.5%
Forecast: 0.8%
Actual: -
Period: Jan

Evaluates the monthly change in output produced by Japan's service sector. Because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator of domestic activity. The index incorporates data from firms involved in wholesale and retail trade, financial services, health care, real estate, leisure and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand. The tertiary industry index is posted monthly as a percentage change from the previous month's figure.

-0.5% 0.8% -