Date
GMT+01:00
Event
May, 28 15:00
★★
New Home Sales
New Home Sales
Country:
Date: May, 28 15:00
Importance: Medium
Previous: 682K; 7.4%
Forecast: 661K
Actual: -
Period: Apr

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, 28 15:00
Financial System Review
Financial System Review
Country:
Date: May, 28 15:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
It's an assessment of conditions in the financial system and potential risks to financial stability - the evidence on strains and imbalances can provide insight into the future of monetary policy.
May, 28 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: May, 28 15:30
Importance: Low
Previous: 101
Forecast: 96
Actual: -
Period: May

Weekly report about natural gas storage change in the USA.

May, 28 16:00
★★
Bank of Canada Press Conference
Bank of Canada Press Conference
Country:
Date: May, 28 16:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

(BOC) Press Conference Following the Release of the Monetary Policy Report The global economic recovery is entering a new phase.

May, 28 17:00
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: May, 28 17:00
Importance: Medium
Previous: -7863K
Forecast: -3800K
Actual: -
Period: May

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.

May, 29 00:30
National CPI
National CPI
Country:
Date: May, 29 00:30
Importance: Low
Previous: 1.5%
Forecast: -
Actual: -
Period: May

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

May, 29 00:30
National CPI ex Fresh Food
National CPI ex Fresh Food
Country:
Date: May, 29 00:30
Importance: Low
Previous: 1.5%
Forecast: 1.5%
Actual: -
Period: May

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

May, 29 00:30
Unemployment Rate
Unemployment Rate
Country:
Date: May, 29 00:30
Importance: Low
Previous: 2.7%
Forecast: 2.7%
Actual: -
Period: Apr

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

May, 29 00:50
Industrial Production
Industrial Production
Country:
Date: May, 29 00:50
Importance: Low
Previous: -0.5%; 2.4%
Forecast: -0.3%
Actual: -
Period: Apr

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

May, 29 00:50
Retail Sales
Retail Sales
Country:
Date: May, 29 00:50
Importance: Low
Previous: 1.3%; 1.7%
Forecast: ; 1.4%
Actual: -
Period: Apr

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.

May, 29 02:00
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: May, 29 02:00
Importance: Low
Previous: -10.6
Forecast: -
Actual: -
Period: May

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

May, 29 02:30
Private Sector Credit
Private Sector Credit
Country:
Date: May, 29 02:30
Importance: Low
Previous: 0.7%; 8.1%
Forecast: 0.6%
Actual: -
Period: Apr
Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows.
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