Date
GMT+01:00
Event
Oct, 17 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Oct, 17 18:00
Importance: Low
Previous: 547
Forecast: -
Actual: -
Period: Oct
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.
Oct, 17 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Oct, 17 13:30
Importance: Low
Previous: 26.69
Forecast: -
Actual: -
Period: Aug

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

Oct, 17 10:00
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Oct, 17 10:00
Importance: Low
Previous: 2.3%
Forecast: 2.3%
Actual: -
Period: Sep

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Oct, 17 10:00
Consumer Price Index
Consumer Price Index
Country:
Date: Oct, 17 10:00
Importance: Low
Previous: 2.2%
Forecast: 2.2%
Actual: -
Period: Sep

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Oct, 16 23:00
FOMC Member Neel Kashkari Speaks
FOMC Member Neel Kashkari Speaks
Country:
Date: Oct, 16 23:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Minneapolis President Neel Kashkari. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Oct, 16 17:00
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Oct, 16 17:00
Importance: Medium
Previous: 3715K
Forecast: 300K
Actual: 3524K
Period: Oct

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

Oct, 16 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Oct, 16 15:30
Importance: Low
Previous: 80
Forecast: 76
Actual: 80bln
Period: Oct

Weekly report about natural gas storage change in the USA.

Oct, 16 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Oct, 16 15:00
Importance: Low
Previous: 32
Forecast: 33
Actual: 37
Period: Oct

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

Oct, 16 13:30
★★
Philadelphia Fed Manufacturing Index
Philadelphia Fed Manufacturing Index
Country:
Date: Oct, 16 13:30
Importance: Medium
Previous: 23.2
Forecast: 8.6
Actual: -12.8
Period: Oct

It is a survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure.

Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar.

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

Oct, 16 13:15
Housing Starts
Housing Starts
Country:
Date: Oct, 16 13:15
Importance: Low
Previous: 244.5K
Forecast: 258.0K
Actual: 279.2K
Period: Sep

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

Oct, 16 10:00
Current Account (sa)
Current Account (sa)
Country:
Date: Oct, 16 10:00
Importance: Low
Previous: 6.0bln; 12.7bln
Forecast: 6.9bln; 6.9bln
Actual: 9.7bln; 1.0bln
Period: Aug

  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.

Oct, 16 10:00
Trade Balance
Trade Balance
Country:
Date: Oct, 16 10:00
Importance: Low
Previous: 7.91
Forecast: 8.94
Actual: 2.05bln
Period: Aug

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, 16 09:45
10-y Bond Auction
10-y Bond Auction
Country:
Date: Oct, 16 09:45
Importance: Low
Previous: 3.23%; 1.9
Forecast: -
Actual: 3.09%; 1.7
Period: Oct
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.
Oct, 16 09:30
BoE Credit Conditions Survey
BoE Credit Conditions Survey
Country:
Date: Oct, 16 09:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: 3 quarter

As part of its mission to maintain monetary stability and financial stability, the Bank needs to understand trends and developments in credit conditions. This survey for bank and non-bank lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households and small businesses; and lending to non-financial corporations, and to non-bank financial firms.

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