Date
GMT+00:00
Event
Mar, 17 07:30
Producer & Import Prices
Producer & Import Prices
Country:
Date: Mar, 17 07:30
Importance: Low
Previous: -0.2%; -2.2%
Forecast: 0.0%
Actual: -
Period: Feb

Tracks inflation in producer and import prices in Switzerland . The headline figure is the percentage change in the index from the previous period.

Changes in this index will generally precede changes in the consumer price index, as higher import costs and producer prices tend to eventually be passed to consumers. As with any indicator of inflation, increases in producer and import prices tend to act as an appreciating weight for the Swiss franc because inflationary pressures are almost always met with interest rate increases from the Swiss central bank.

The figure represents changes in the combined producer and import price index, calculated from changes in producer prices and import prices, giving appropriate weight to the proportion of domestic and imported goods.

Mar, 17 09:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Mar, 17 09:00
Importance: Low
Previous: 0.8%; 1.6%
Forecast: 0.8%; 1.6%
Actual: -
Period: Feb

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

Mar, 17 10:00
★★
ZEW Economic Sentiment
ZEW Economic Sentiment
Country:
Date: Mar, 17 10:00
Importance: Medium
Previous: 58.3
Forecast: 38.9
Actual: -
Period: Mar

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

Experts are asked for a qualitative assessment of the direction of inflation, interest rates, exchange rates and the stock market in the next six months. Thus the indicator provides a medium-term forecast for the German economy.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

Mar, 17 10:00
★★
ZEW Current Situation
ZEW Current Situation
Country:
Date: Mar, 17 10:00
Importance: Medium
Previous: -65.9
Forecast: -67.1
Actual: -
Period: Mar

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

Unlike the Economic Sentiment Indicator which looks into the future direction of the economy, the Current Situation Indicator focuses on the results of the survey that relate to the current health of the German economy. Expert opinions on whether the current situation is improved, worsened, or unchanged are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a stronger economy and better business climate.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

Mar, 17 10:00
★★
ZEW Survey (Econ. Sentiment)
ZEW Survey (Econ. Sentiment)
Country:
Date: Mar, 17 10:00
Importance: Medium
Previous: 39.4
Forecast: 24.0
Actual: -
Period: Mar

The Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about the economic situation. Eurozone ZEW Indicator of Economic Sentiment Assesses future economic expectations for the whole Eurozone. The results are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a positive expectation for Euro-zone economy.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

Mar, 17 14:00
★★
Pending Home Sales
Pending Home Sales
Country:
Date: Mar, 17 14:00
Importance: Medium
Previous: -0.8%; -0.4%
Forecast: -1.0%
Actual: -
Period: Feb

Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable income is low, or consumer confidence is low. Conversely, a rebound in the housing market is often a leading indicator of an economic recovery.

The report headline is expressed in percentage change in pending home sales from previous month.

Mar, 17 21:45
Current Account
Current Account
Country:
Date: Mar, 17 21:45
Importance: Low
Previous: -8.37
Forecast: -4.85
Actual: -
Period: 4 quarter

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

Mar, 17 23:30
MI Leading Index
MI Leading Index
Country:
Date: Mar, 17 23:30
Importance: Low
Previous: -0.1%
Forecast: -
Actual: -
Period: Feb

A leading indicator for Australian economic activity calculated by Melbourne Institute.

Mar, 17 23:50
Trade Balance
Trade Balance
Country:
Date: Mar, 17 23:50
Importance: Low
Previous: 455.5bln; -1152.6bln
Forecast: -610.0
Actual: -
Period: Feb

The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.

A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers. A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value.

Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy.

The headline figure for trade balance is expressed in millions of Yen and usually accompanied by a year-on-year percentage change figure.

Mar, 18 08:00
SECO Economic Forecasts
SECO Economic Forecasts
Country:
Date: Mar, 18 08:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

The State Secretariat for Economic Affairs (SECO) “is the federal government's centre of expertise for all core issues relating to economic policy. Its aim is to ensure sustainable economic growth by putting in place the necessary regulatory and economic policy conditions.” - Source www.seco.admin.ch

SECO Economic Forecasts are released quarterly and include expectations for GDP and its components such as: consumption expenditure (personal and government), construction investment, investment in equipment and software, exports, imports, employment (full time equivalent), rate of unemployment and the Consumer Price Index (CPI).

Mar, 18 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Mar, 18 10:00
Importance: Medium
Previous: 1.9%
Forecast: 1.9%
Actual: -
Period: Feb

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

Mar, 18 10:00
★★
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Mar, 18 10:00
Importance: Medium
Previous: 2.4%
Forecast: 2.4%
Actual: -
Period: Feb

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

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