Date
GMT+00:00
Event
Mar, 04 00:30
Trade Balance
Trade Balance
Country:
Date: Mar, 04 00:30
Importance: Low
Previous: 6.79bln
Forecast: 6.82bln
Actual: -
Period: Jan

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, not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends on Forex, the release has historically been one of the more important reports in any country.

Mar, 04 00:30
Retail Sales
Retail Sales
Country:
Date: Mar, 04 00:30
Importance: Low
Previous: 0.6%
Forecast: 0.6%
Actual: -
Period: Jan

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.

Mar, 04 03:35
30-Year JGB Auction
30-Year JGB Auction
Country:
Date: Mar, 04 03:35
Importance: Low
Previous: 0.662%; 3.47
Forecast: -
Actual: -
Period: Mar
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
Mar, 04 05:00
Consumer Confidence
Consumer Confidence
Country:
Date: Mar, 04 05:00
Importance: Low
Previous: 29.6
Forecast: 29.9
Actual: -
Period: Feb

Consumer Confidence is a measure of popular sentiment concerning the Japanese economy. The figure is derived from a survey that asks thousands of Japanese 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 the Japanese 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.

Mar, 04 09:30
★★
Construction PMI
Construction PMI
Country:
Date: Mar, 04 09:30
Importance: Medium
Previous: 49.2
Forecast: 51.1
Actual: -
Period: Feb

The Construction Purchasing Manager's Index (PMI) measures the level of activity among purchasing managers in the construction sector of the economy. Above 50 signals industry expansion; below 50 indicates a contraction. Construction figures are an important indicator of housing demand.

Mar, 04 09:30
30-Year Bonds Auction
30-Year Bonds Auction
Country:
Date: Mar, 04 09:30
Importance: Low
Previous: 0.854%; 1.62
Forecast: -
Actual: -
Period: Mar
Bonds with the longest maturity.
Mar, 04 09:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Mar, 04 09:30
Importance: Low
Previous: 0.271%; 2.12
Forecast: -
Actual: -
Period: Mar
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
Mar, 04 10:00
Retail Sales
Retail Sales
Country:
Date: Mar, 04 10:00
Importance: Low
Previous: 2.0% m/m; 0.6% y/y
Forecast: -1.5% m/m; -1.3% y/y
Actual: -
Period: Jan

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.

Mar, 04 10:00
Unemployment Rate
Unemployment Rate
Country:
Date: Mar, 04 10:00
Importance: Low
Previous: 8.3%
Forecast: 8.3%
Actual: -
Period: Jan

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.

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.

Mar, 04 10:00
10-y Bond Auction
10-y Bond Auction
Country:
Date: Mar, 04 10:00
Importance: Low
Previous: -0.25%; 2.19
Forecast: -
Actual: -
Period: Mar
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
Mar, 04 10:00
30-y Bond Auction
30-y Bond Auction
Country:
Date: Mar, 04 10:00
Importance: Low
Previous: 0.50%; 2.21
Forecast: -
Actual: -
Period: Mar
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
Mar, 04 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Mar, 04 10:30
Importance: Low
Previous: 0.441%; 2.95
Forecast: -
Actual: -
Period: Mar
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
Mar, 04 12:30
Challenger Job Cuts
Challenger Job Cuts
Country:
Date: Mar, 04 12:30
Importance: Low
Previous: 79.552K; 17.4%
Forecast: -
Actual: -
Period: Feb
Change in the number of job cuts announced by employers. It's extremely early data, but historically has limited short-term correlation with overall labor conditions.
Mar, 04 13:30
Non-Farm Productivity
Non-Farm Productivity
Country:
Date: Mar, 04 13:30
Importance: Low
Previous: -4.8%
Forecast: -4.8%
Actual: -
Period: 4 quarter

Measures the output produced for each hour of labor worked. Non-farm Productivity is considered the most accurate gauge of overall business health, given farming data's small and volatile contribution to GDP. To businesses, higher productivity indicates efficient use of employees and capital. Given that labor costs make up more than two-thirds of the average businesses expenses, high productivity can allow a firm to fulfill consumer demand with less labor costs, boosting profitability. Thus trends in this report can precede investment spending and business growth. Also if prices for raw materials increase, improved productivity can save a firm from passing higher costs to the end consumer. Given such business effects, healthy productivity growth bodes well for the economy as a whole, signalling increased production capability and business growth.

Productivity is reported as output per hour per worker, categorized into industry figures.

On a Technical Note: The Non-Farm Productivity number is generated by comparing the number of hours worked (Employment Situation report) to Gross Domestic Product data.

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