Date
GMT+01:00
Event
Oct, 25 02:00
Daylight Saving Time Shift
Daylight Saving Time Shift
Country:
Date: Oct, 25 02:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Oct, 25 02:00
Daylight Saving Time Shift
Daylight Saving Time Shift
Country:
Date: Oct, 25 02:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Oct, 25 02:00
Daylight Saving Time Shift
Daylight Saving Time Shift
Country:
Date: Oct, 25 02:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Oct, 26 05:00
Leading Indicators
Leading Indicators
Country:
Date: Oct, 26 05:00
Importance: Low
Previous: 88.8
Forecast: 88.8
Actual: -
Period: Aug
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008. Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads.
Oct, 26 07:00
Nationwide House Price Index
Nationwide House Price Index
Country:
Date: Oct, 26 07:00
Importance: Low
Previous: 0.9% m/m; 5.0% y/y
Forecast: -
Actual: -
Period: Oct

Gauge for costs of homes in the United Kingdom. Mortgage data is used to provide a timely measure of the level of prices. House prices give good information current conditions in the housing market. The Index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices.
 

Oct, 26 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Oct, 26 09:00
Importance: Medium
Previous: 93.4
Forecast: -
Actual: -
Period: Oct

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.

Oct, 26 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Oct, 26 09:00
Importance: Medium
Previous: 89.2
Forecast: -
Actual: -
Period: Oct

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.

Oct, 26 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Oct, 26 09:00
Importance: Medium
Previous: 97.7
Forecast: -
Actual: -
Period: Oct

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.

Oct, 26 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Oct, 26 11:00
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.

Oct, 26 14:00
★★
New Home Sales
New Home Sales
Country:
Date: Oct, 26 14:00
Importance: Medium
Previous: 1011K; 4.8%
Forecast: -
Actual: -
Period: Sep

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.

Oct, 26 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Oct, 26 21:45
Importance: Medium
Previous: -353M; 1340M
Forecast: -
Actual: -
Period: Sep

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.

Oct, 27 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Oct, 27 05:00
Importance: Low
Previous: 0.0%
Forecast: -
Actual: -
Period: Sep
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.
Oct, 27 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: Oct, 27 08:00
Importance: Low
Previous: 15.3%
Forecast: -
Actual: -
Period: 3 quarter

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.

Oct, 27 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Oct, 27 09:00
Importance: Low
Previous: 9.5%
Forecast: -
Actual: -
Period: Sep

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

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