Date
GMT+01:00
Event
Jun, 16 09:30
★★★
Inflation Report Hearings
Inflation Report Hearings
Country:
Date: Jun, 16 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

Jun, 16 09:30
★★★
BOE Governor Mark Carney Speaks
BOE Governor Mark Carney Speaks
Country:
Date: Jun, 16 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.

Jun, 16 09:30
★★
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
Country:
Date: Jun, 16 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Ben Broadbent became Deputy Governor on 1 July 2014. Prior to that, he was an external member of the Monetary Policy Committee from 1 June 2011. In addition to his membership of the Monetary Policy Committee and Financial Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and notes.
Jun, 16 09:30
★★
MPC Member Silvana Tenreyro Speaks
MPC Member Silvana Tenreyro Speaks
Country:
Date: Jun, 16 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOE MPC 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.
Jun, 16 09:30
★★
MPC Member Michael Saunders Speaks
MPC Member Michael Saunders Speaks
Country:
Date: Jun, 16 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Michael Saunders, an economist at Citigroup, is to join the Bank of England’s interest rate-setting Monetary Policy Committee. Mr Saunders, who has worked at the US bank for more than 25 years, will replace Martin Weale on August 9, 2016 when his term at the BoE ends.
Jun, 17 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Jun, 17 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

Jun, 17 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: -1.49bln
Forecast: -
Actual: -
Period: Apr

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

Jun, 17 13:30
NY Fed Empire State manufacturing index
NY Fed Empire State manufacturing index
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: 17.8
Forecast: -
Actual: -
Period: Jun

  Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

Jun, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jun, 17 15:00
Importance: Low
Previous: 66
Forecast: -
Actual: -
Period: Jun

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.

Jun, 17 19:45
★★
BOC Deputy Governor Lawrence Schembri Speaks
BOC Deputy Governor Lawrence Schembri Speaks
Country:
Date: Jun, 17 19:45
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOC Governing Council members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Jun, 17 21:00
TICS
TICS
Country:
Date: Jun, 17 21:00
Importance: Low
Previous: -28.4bln
Forecast: -
Actual: -
Period: Apr

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

Jun, 17 22:00
Westpac Consumer Confidence
Westpac Consumer Confidence
Country:
Date: Jun, 17 22:00
Importance: Low
Previous: 103.8
Forecast: -
Actual: -
Period: 2 quarter

Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indices measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation-based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.

Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

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