Date
GMT+01:00
Event
Apr, 02 07:30
★★
CPI
CPI
Country:
Date: Apr, 02 07:30
Importance: Medium
Previous: 0.6%; 0.1%
Forecast: 0.5%; 0.5%
Actual: -
Period: Mar

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.

Apr, 02 09:00
ECB Economic Bulletin
ECB Economic Bulletin
Country:
Date: Apr, 02 09:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
In 2015 the Economic Bulletin replaced the Monthly Bulletin. The Economic Bulletin is published two weeks after the monetary policy meeting of the Governing Council of the ECB. Issues published after the monetary policy meetings in March, June, September and December provide a comprehensive analysis of economic and monetary developments, including a discussion of the Eurosystem/ECB staff macroeconomic projections for the euro area. Other issues are shorter and provide an interim update on developments in key monthly indicators.
Apr, 02 10:00
Retail Sales
Retail Sales
Country:
Date: Apr, 02 10:00
Importance: Low
Previous: 0.6%; 2.3%
Forecast: 0.4%
Actual: -
Period: Feb

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.

Apr, 02 12:30
Challenger Job Cuts
Challenger Job Cuts
Country:
Date: Apr, 02 12:30
Importance: Low
Previous: 48.307K; -71.9%
Forecast: -
Actual: -
Period: Mar
Change in the number of job cuts announced by employers. It's extremely early data, but historically has limited short-term correlation with overall labor conditions.
Apr, 02 13:30
★★★
Unemployment Claims
Unemployment Claims
Country:
Date: Apr, 02 13:30
Importance: High
Previous: 210K
Forecast: 212K
Actual: -
Period: Apr

The indicator shows the number of unemployed people in the USA.

Apr, 02 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Apr, 02 13:30
Importance: Medium
Previous: 1819K
Forecast: 1840K
Actual: -
Period: Apr

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

Apr, 02 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Apr, 02 13:30
Importance: Medium
Previous: -54.5
Forecast: -59.8
Actual: -
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.

Apr, 02 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Apr, 02 13:30
Importance: Medium
Previous: -3.6
Forecast: -1.9
Actual: -
Period: Apr

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.

Apr, 02 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Apr, 02 15:30
Importance: Low
Previous: -54
Forecast: 38
Actual: -
Period: Apr

Weekly report about natural gas storage change in the USA.

Apr, 03 02:45
★★
Markit Services PMI
Markit Services PMI
Country:
Date: Apr, 03 02:45
Importance: Medium
Previous: 56.7
Forecast: 53.7
Actual: -
Period: Mar
The Chinese Markit Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The Markit Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
Apr, 03 07:45
Industrial Production
Industrial Production
Country:
Date: Apr, 03 07:45
Importance: Low
Previous: 0.5%
Forecast: -0.1%
Actual: -
Period: Feb

Measures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.

Industrial Production is highly sensitive to the business cycle, and so can forecast changes in employment, earnings, and personal income. Consequently, Industrial Production is considered a reliable leading indicator of the overall health of the French economy.

Apr, 03 13:30
★★★
Non-Farm Payrolls
Non-Farm Payrolls
Country:
Date: Apr, 03 13:30
Importance: High
Previous: -92K
Forecast: 56K
Actual: -
Period: Mar

One of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. The Employment Situation's has many significant figures such as: Change in Non Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings.

The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate.

Change in Non-farm Payrolls

Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.

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