Date
GMT+00:00
Event
Mar, 20 17:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Mar, 20 17:00
Importance: Low
Previous: 553
Forecast: -
Actual: -
Period: Mar
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
Mar, 20 12:30
New Housing Price Index
New Housing Price Index
Country:
Date: Mar, 20 12:30
Importance: Low
Previous: -0.4%
Forecast: -0.2%
Actual: -
Period: Feb

A component of the Consumer Price Index (CPI) that measures changes in prices for new homes. Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index.

Note: The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased (e.g. added swimming pool and better construction materials), then the price for new homes is considered to have fallen.

Mar, 20 12:30
Raw Materials Price Index
Raw Materials Price Index
Country:
Date: Mar, 20 12:30
Importance: Low
Previous: 7.7%
Forecast: 2.4%
Actual: -
Period: Feb

Measures the prices paid by Canadian manufacturers for key raw materials, including resources not produced in Canada. Also known as the Producer Price Index, the RMPI is an early measure of inflation. Although producers may not pass on changes in raw material prices to consumers immediately, the index will record these cost pressures before they reach the end consumer and affect inflation rates. The headline figure is the percentage change in the price index from the previous month and year.

The index includes prices for raw materials like mineral fuels, vegetable products, animal and animal products, wood, ferrous materials, non-ferrous metals, and non-metallic minerals.
 

Mar, 20 12:30
Industrial Product Price Index
Industrial Product Price Index
Country:
Date: Mar, 20 12:30
Importance: Low
Previous: 2.7%
Forecast: 1.1%
Actual: -
Period: Feb

Industrial Product Price Index released by the Statistics Canada measures price changes for major commodities sold by Canadian manufactures. Changes in the IPP index are widely followed as an indicator of commodity inflation.

Mar, 20 12:30
★★
Retail Sales
Retail Sales
Country:
Date: Mar, 20 12:30
Importance: Medium
Previous: -0.4%; 0.1%
Forecast: 1.4%; 1.2%
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, 20 11:00
CBI industrial order books balance
CBI industrial order books balance
Country:
Date: Mar, 20 11:00
Importance: Low
Previous: -28
Forecast: -30
Actual: -
Period: Mar

This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.

Mar, 20 10:30
★★★
Key bank rate
Key bank rate
Country:
Date: Mar, 20 10:30
Importance: High
Previous: 15.5%
Forecast: 15.0%
Actual: -
Period: Mar
The Bank Rossii decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the RUB, while a lower than expected rate is negative/bearish for the RUB.
Mar, 20 10:00
Current Account (sa)
Current Account (sa)
Country:
Date: Mar, 20 10:00
Importance: Low
Previous: 11.6bln; 12.6bln
Forecast: 12.8
Actual: -
Period: Jan

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal 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 non-investment basis - tracking good and services.

Mar, 20 09:00
Trade Balance
Trade Balance
Country:
Date: Mar, 20 09:00
Importance: Low
Previous: 6.04
Forecast: 5.65
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 - 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.

Mar, 20 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: Mar, 20 09:00
Importance: Low
Previous: 14.6bln; 34.6bln
Forecast: 17.2
Actual: -
Period: Jan

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal 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 non-investment basis - tracking good and services.

Mar, 20 07:00
PPI
PPI
Country:
Date: Mar, 20 07:00
Importance: Low
Previous: -0.6%; -3.0%
Forecast: 0.3%; -2.7%
Actual: -
Period: Feb

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.

Mar, 20 07:00
Public Sector Net Borrowing
Public Sector Net Borrowing
Country:
Date: Mar, 20 07:00
Importance: Low
Previous: -30.4
Forecast: 8.7
Actual: -
Period: Feb
In the U.K., the amount of expenditures less the total receipts taken in by the government. Public sector net borrowing is the measure of fiscal surpluses and deficits along with the amount of new debt created. If this number is positive, it means the U.K. is running a fiscal deficit, while a negative number represents a fiscal surplus.
Mar, 20 02:00
Credit Card Spending
Credit Card Spending
Country:
Date: Mar, 20 02:00
Importance: Low
Previous: 1.6%; 1.0%
Forecast: -
Actual: -
Period: Feb

Shows a change in the total expenditure made via credit cards.

Mar, 19 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 19 21:45
Importance: Medium
Previous: -627M; -2295M
Forecast: -740M
Actual: -257M; -2996M
Period: Feb

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.

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