Date
GMT+00:00
Event
Nov, 26 21:45
★★
Retail Sales
Retail Sales
Country:
Date: Nov, 26 21:45
Importance: Medium
Previous: 0.5%; 0.7%
Forecast: 0.6%; 0.8%
Actual: -
Period: 3 quarter
Change in the total value of inflation-adjusted sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Nov, 27 00:00
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Nov, 27 00:00
Importance: Low
Previous: 58.1
Forecast: -
Actual: -
Period: Nov

The results of the ANZ Bank Business survey held among businesses nationwide.

Nov, 27 00:30
Private Capital Expenditure
Private Capital Expenditure
Country:
Date: Nov, 27 00:30
Importance: Low
Previous: 0.2%
Forecast: 0.6%
Actual: -
Period: 3 quarter

The release is published every quarter, and about 60 days after the quarter ends. It is published by the Australian Bureau of Statistics, and measures the alteration in the overall inflation-amended value (real value) of new capital investments produced by private businesses. The data release is important for traders, as it is a top indicator of Australia’s economic health. Additionally, a change in the investment levels for businesses is usually a sign for future economic movement, including earning, spending and hiring.

Nov, 27 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Nov, 27 09:00
Importance: Low
Previous: 2.6%
Forecast: 2.6%
Actual: -
Period: Oct

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

Nov, 27 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Nov, 27 09:00
Importance: Low
Previous: 2.8%
Forecast: 2.8%
Actual: -
Period: Oct

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.

Nov, 27 12:30
★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: Nov, 27 12:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
Nov, 27 13:30
Current Account
Current Account
Country:
Date: Nov, 27 13:30
Importance: Low
Previous: -21.2
Forecast: -14.4
Actual: -
Period: 3 quarter

Summarizes the flow of goods and services, income payments, and transfers in and out of Canada. The report acts as a gauge of how Canada's economy interacts with the rest of the world. Where the other side of the Balance of Payments, the Capital and Financial Accounts, deals mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a practical, non-investment basis.

The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). A positive value (current account surplus) indicates that the flow of capital from these components into Canada exceeds capital leaving the country. A negative value (current account deficit) means that there is a net capital outflow from these sources. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Canadian dollars leaving the country to make payments in a foreign currency (just as underlying surpluses act as an appreciating weight).

Canada has historically had an export oriented economy and has relied on exports (particularly oil) as the engine for economic expansion. To this day, trade surpluses form the foundation of Canadian current account surpluses.

There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released quarterly about two months after the reporting period. Additionally, many of the components that lead to the final Current Account production and trade figures are known well in advance. Lastly, since the report reflects data for a specific reporting quarter, any significant developments in the Current Account should plausibly have been already felt during that quarter and not during the release of data.

But just like GDP and Trade Balance, Current Account is central to forecasting long term developments in foreign exchange rates. It gives a detailed picture of how the Canadian economy interacts internationally, breaking down these interactions into separate components that can be tracked and often anticipated. Thus the Current Account's importance has led it to historically be one of the more important reports out of Canada .

The headline figure is the value of the Current Account denominated in Canadian Dollars.

Nov, 27 23:30
National CPI
National CPI
Country:
Date: Nov, 27 23:30
Importance: Low
Previous: 2.8%
Forecast: -
Actual: -
Period: Nov

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

Nov, 27 23:30
National CPI ex Fresh Food
National CPI ex Fresh Food
Country:
Date: Nov, 27 23:30
Importance: Low
Previous: 2.8%
Forecast: 2.7%
Actual: -
Period: Nov

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

Nov, 27 23:30
Unemployment Rate
Unemployment Rate
Country:
Date: Nov, 27 23:30
Importance: Low
Previous: 2.6%
Forecast: 2.5%
Actual: -
Period: Oct

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.

Nov, 27 23:50
Industrial Production
Industrial Production
Country:
Date: Nov, 27 23:50
Importance: Low
Previous: 2.6%; 3.8%
Forecast: -0.5%
Actual: -
Period: Oct

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

Nov, 27 23:50
Retail Sales
Retail Sales
Country:
Date: Nov, 27 23:50
Importance: Low
Previous: 0.3%; 0.2%
Forecast: ; 0.8%
Actual: -
Period: Oct

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

Nov, 28 00:30
Private Sector Credit
Private Sector Credit
Country:
Date: Nov, 28 00:30
Importance: Low
Previous: 0.6%; 7.3%
Forecast: 0.6%
Actual: -
Period: Oct
Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows.
Nov, 28 05:00
Housing Starts
Housing Starts
Country:
Date: Nov, 28 05:00
Importance: Low
Previous: 0.728M; -7.3%
Forecast: ; -4.9%
Actual: -
Period: Oct

The Housing Starts figure reflects the rate of growth in housing construction. The number of housing starts is an indicator of the strength of Japan 's construction sector and a leading indicator for the direction of the economy as a whole. Housing Starts respond quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. A high Housing Starts figure is generally bullish for the economy, as it indicates overall economic growth.

The headline figures are the year on year percentage change in value of housing starts, and the value of all houses started for construction that year.

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