Date
GMT+00:00
Event Previous Forecast Actual
Mar, 06 08:00
Foreign Currency Reserves
Foreign Currency Reserves
Country:
Date: Mar, 06 08:00
Importance: Low
Previous: 712
Forecast: -
Actual: -
Period: Feb

This is the amount of foreign currency reserves that are held by the Central Bank of a country. In general use, foreign currency reserves also include gold and IMF reserves. Also, people may take into account liquid assets that can easily be converted into foreign currency.

712 - -
Mar, 06 10:00
GDP revised
GDP revised
Country:
Date: Mar, 06 10:00
Importance: Low
Previous: 0.3%; 1.4%
Forecast: 0.3%; 1.4%
Actual: -
Period: 4 quarter

An indicator for broad overall growth in the Eurozone. Robust GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish.

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.

The headline figure for GDP is an annualized percentage growth rate.

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

Technical note : GDP is the total market value of goods and services produced in the Eurozone within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only.

0.3%; 1.4% 0.3%; 1.4% -
Mar, 06 10:00
Employment Change
Employment Change
Country:
Date: Mar, 06 10:00
Importance: Low
Previous: 0.2%; 0.6%
Forecast: 0.2%; 0.6%
Actual: -
Period: 4 quarter

Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures.

0.2%; 0.6% 0.2%; 0.6% -
Mar, 06 13:30
★★★
Non-Farm Payrolls
Non-Farm Payrolls
Country:
Date: Mar, 06 13:30
Importance: High
Previous: 130K
Forecast: 58K
Actual: -
Period: Feb

One of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. The Employment Situation's has many significant figures such as: Change in Non Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings.

The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate.

Change in Non-farm Payrolls

Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.

130K 58K -
Mar, 06 13:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Mar, 06 13:30
Importance: High
Previous: 4.3%
Forecast: 4.3%
Actual: -
Period: Feb

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

4.3% 4.3% -