Date
GMT+00:00
Event
Jan, 08 12:30
Challenger Job Cuts
Challenger Job Cuts
Country:
Date: Jan, 08 12:30
Importance: Low
Previous: 71.321K; 23.5%
Forecast: -
Actual: -
Period: Dec
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.
Jan, 08 13:30
★★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jan, 08 13:30
Importance: High
Previous: 199K
Forecast: 213K
Actual: -
Period: Jan

The indicator shows the number of unemployed people in the USA.

Jan, 08 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Jan, 08 13:30
Importance: Medium
Previous: 1866K
Forecast: -
Actual: -
Period: Jan

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

Jan, 08 13:30
Non-Farm Productivity
Non-Farm Productivity
Country:
Date: Jan, 08 13:30
Importance: Low
Previous: 3.3%
Forecast: 4.9%
Actual: -
Period: 3 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.

Jan, 08 13:30
Labor Cost
Labor Cost
Country:
Date: Jan, 08 13:30
Importance: Low
Previous: 1.0%
Forecast: 0.0%
Actual: -
Period: 3 quarter

The indicator reflects the quarterly changes in salaries and other income received by working population.

Jan, 08 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Jan, 08 13:30
Importance: Medium
Previous: -52.8
Forecast: -58.1
Actual: -
Period: Oct

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.

Jan, 08 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Jan, 08 13:30
Importance: Medium
Previous: 0.2
Forecast: -1.4K
Actual: -
Period: Oct

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.

Jan, 08 15:00
Wholesale Inventories
Wholesale Inventories
Country:
Date: Jan, 08 15:00
Importance: Low
Previous: 0.5%
Forecast: 0.2%
Actual: -
Period: Oct

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

Jan, 08 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Jan, 08 15:30
Importance: Low
Previous: -38
Forecast: -109
Actual: -
Period: Jan

Weekly report about natural gas storage change in the USA.

Jan, 08 20:00
Consumer Credit
Consumer Credit
Country:
Date: Jan, 08 20:00
Importance: Low
Previous: 9.2
Forecast: 10.1
Actual: -
Period: Nov

Measures the outstanding debt held by consumers. Consumer Credit levels coincide with the economy, rising during economic expansion and dropping during a recession. Growth in Consumer Credit means that consumers have higher spending ability, which can fuel economic growth. However, too much Consumer Debt can result in an economic slowdown in the long term if consumers become overburdened with debt, then either reducing consumption or passing debt on to the financers after bankruptcy. The headline value is the outstanding debt held by consumers.

Jan, 08 23:30
Household Spending
Household Spending
Country:
Date: Jan, 08 23:30
Importance: Low
Previous: -3.0%
Forecast: -1.0%
Actual: -
Period: Nov

A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired. The headline figure is the percentage change in average spending per household from the previous year. Increases in household spending are favorable for the Japanese economy because high consumer spending generally leads to higher levels of economic growth. Higher spending is also a sign of consumer optimism, as households confident in their future outlook will spend more. At the same time accelerated growth exerts inflationary pressure, which can lead to interest rate increases in the future.

Jan, 09 01:30
★★★
CPI
CPI
Country:
Date: Jan, 09 01:30
Importance: High
Previous: 0.7%
Forecast: 0.6%
Actual: -
Period: Dec

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures.

Jan, 09 01:30
★★
PPI
PPI
Country:
Date: Jan, 09 01:30
Importance: Medium
Previous: -2.2%
Forecast: -2.2%
Actual: -
Period: Dec

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

Jan, 09 05:00
Leading Indicators
Leading Indicators
Country:
Date: Jan, 09 05:00
Importance: Low
Previous: 109.8
Forecast: 110.5
Actual: -
Period: Nov
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.
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