Date
GMT+01:00
Event
May, 05 05:30
★★★
RBA Interest Rate Decision
RBA Interest Rate Decision
Country:
Date: May, 05 05:30
Importance: High
Previous: 4.10%
Forecast: 4.35%
Actual: -
Period: May
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
May, 05 05:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: May, 05 05:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

May, 05 05:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: May, 05 05:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

May, 05 07:30
★★
CPI
CPI
Country:
Date: May, 05 07:30
Importance: Medium
Previous: 0.2%; 0.3%
Forecast: 0.3%
Actual: -
Period: Apr

It is the key gauge for inflation in Switzerland. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.

As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc.

May, 05 08:00
Unemployment Change
Unemployment Change
Country:
Date: May, 05 08:00
Importance: Low
Previous: -22.9K
Forecast: -18.6K
Actual: -
Period: Apr

The indicator shows the number of unemployed people in Spain.

May, 05 13:30
★★
Trade Balance
Trade Balance
Country:
Date: May, 05 13:30
Importance: Medium
Previous: -57.3
Forecast: -59.0
Actual: -
Period: Mar

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.

May, 05 13:30
★★
Trade Balance
Trade Balance
Country:
Date: May, 05 13:30
Importance: Medium
Previous: -5.7
Forecast: -2.1
Actual: -
Period: Mar

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.

May, 05 14:45
★★
Final Services PMI
Final Services PMI
Country:
Date: May, 05 14:45
Importance: Medium
Previous: 51.3
Forecast: 51.3
Actual: -
Period: Apr
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.
May, 05 14:45
★★
Composite PMI
Composite PMI
Country:
Date: May, 05 14:45
Importance: Medium
Previous: 52.0
Forecast: 52.0
Actual: -
Period: Apr
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
May, 05 15:00
★★★
ISM Services PMI
ISM Services PMI
Country:
Date: May, 05 15:00
Importance: High
Previous: 54.0
Forecast: 53.8
Actual: -
Period: Apr
ISM index for the non-manufacturing sector, a value below 50 indicates a decrease in activity compared to the previous month, above - about growth.
May, 05 15:00
★★★
JOLTs Job Openings
JOLTs Job Openings
Country:
Date: May, 05 15:00
Importance: High
Previous: 6880K
Forecast: 6870K
Actual: -
Period: Mar

A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and separations. The JOLTS data is published monthly and by region and industry.

May, 05 15:00
★★
New Home Sales
New Home Sales
Country:
Date: May, 05 15:00
Importance: Medium
Previous: -
Forecast: 668K
Actual: -
Period: Mar

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

May, 05 22:00
★★
RBNZ Financial Stability Report
RBNZ Financial Stability Report
Country:
Date: May, 05 22:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank published its first Financial Stability Report (FSR) in October 2004. The Financial Stability Report is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.

May, 05 23:45
★★★
Employment Change
Employment Change
Country:
Date: May, 05 23:45
Importance: High
Previous: 0.5%; 0.2%
Forecast: 0.3%
Actual: -
Period: 1 quarter

Employment change is a crucial indicator to measure the health of the overal economy. It's realeased shortly after the month ends and is a leading indcator of consumer spending which makes up the majority of overall economic activity.

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