Date
GMT+01:00
Event
Jun, 26 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Jun, 26 00:50
Importance: Low
Previous: 0.9% y/y
Forecast: 1.0% y/y
Actual: -
Period: May

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

Jun, 26 02:20
Member of the Executive Board of the ECB Benoit Coeure Speaks
Member of the Executive Board of the ECB Benoit Coeure Speaks
Country:
Date: Jun, 26 02:20
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Benoit Coeure is a French economist who was appointed to the Executive Board of the European Central Bank (ECB) in 2011.
Jun, 26 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Jun, 26 06:00
Importance: Low
Previous: 0.5% y/y
Forecast: -
Actual: -
Period: May
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Jun, 26 09:30
High Street Lending
High Street Lending
Country:
Date: Jun, 26 09:30
Importance: Low
Previous: 38.0K
Forecast: 38.2K
Actual: -
Period: May
Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
Jun, 26 10:30
★★
MPC Member Ian McCafferty Speaks
MPC Member Ian McCafferty Speaks
Country:
Date: Jun, 26 10:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Ian McCafferty is the Monetary Policy Committee member since September 2012. Before his MPC member assignment he was Chief Economic Adviser to the Confederation of British Industry (CBI) for over ten years following a time as Chief Economist at British Petroleum. His announcements may influence the pound exchange rate.
Jun, 26 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Jun, 26 11:00
Importance: Low
Previous: 11
Forecast: 10
Actual: -
Period: Jun

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

Jun, 26 14:00
S&P Case-Shiller Home Price Index
S&P Case-Shiller Home Price Index
Country:
Date: Jun, 26 14:00
Importance: Low
Previous: 6.8% y/y
Forecast: 6.9% y/y
Actual: -
Period: Apr

The growth of this indicator is favorable for the markets. It is not seasonally adjusted.

Jun, 26 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Jun, 26 15:00
Importance: High
Previous: 128.0
Forecast: 127.6
Actual: -
Period: Jun

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

Jun, 26 15:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Jun, 26 15:00
Importance: Low
Previous: 16
Forecast: 15
Actual: -
Period: Jun

Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

Jun, 26 18:15
★★
FOMC Member Raphael W. Bostic Speaks
FOMC Member Raphael W. Bostic Speaks
Country:
Date: Jun, 26 18:15
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Atlanta President Raphael Bostic - FOMC voting member 2018. 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. More hawkish than expected is good for currency.
Jun, 26 23:45
★★
Trade Balance
Trade Balance
Country:
Date: Jun, 26 23:45
Importance: Medium
Previous: 263M; -3762M
Forecast: 100M; -3743M
Actual: -
Period: May

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.

Jun, 27 02:00
★★
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Jun, 27 02:00
Importance: Medium
Previous: -27.2
Forecast: -
Actual: -
Period: Jun

The results of the ANZ Bank Business survey held among businesses nationwide.

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