Date
GMT+01:00
Event
Jun, 24 12:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0.10%
Forecast: 0.10%
Actual: -
Period: Jun

The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment.

The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate.

Jun, 24 12:00
★★★
Asset Purchase Facility
Asset Purchase Facility
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 895
Forecast: 895
Actual: -
Period: Jun

In January 2009, the Chancellor of the Exchequer authorised the Bank to set up an Asset Purchase Facility (APF) to buy high-quality assets financed by the issue of Treasury bills and the DMO’s cash management operations. The aim of the Facility was to improve liquidity in credit markets. To ensure that the Asset Purchase Facility is operated in an open and transparent manner, the Bank will publish a quarterly report on the transactions as part of the facility, shortly after the end of each quarter.

Jun, 24 12:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0-0-9
Forecast: 0-0-9
Actual: -
Period: Jun

This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced

Jun, 24 12:00
★★★
MPC Asset Purchase Facility Votes
MPC Asset Purchase Facility Votes
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0-1-8
Forecast: 0-1-8
Actual: -
Period: Jun

The document is published 13 days after the decision is made. It reflects the votes of every MPC member.

Jun, 24 12:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Jun, 24 12:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Jun, 24 13:30
★★
GDP
GDP
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 6.4%
Forecast: 6.4%
Actual: -
Period: 1 quarter

The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.

GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

Gross Domestic Product is calculated in the following way
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.

Jun, 24 13:30
GDP Price Index
GDP Price Index
Country:
Date: Jun, 24 13:30
Importance: Low
Previous: 4.3%
Forecast: 4.3%
Actual: -
Period: 1 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

Jun, 24 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: -1.3% m/m; 1.0% m/m
Forecast: 2.9%; 0.8%
Actual: -
Period: May

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

Jun, 24 13:30
★★
Goods Trade Balance
Goods Trade Balance
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: -85.2
Forecast: -87.4
Actual: -
Period: May
Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
Jun, 24 13:30
Wholesale Inventories
Wholesale Inventories
Country:
Date: Jun, 24 13:30
Importance: Low
Previous: 0.8%
Forecast: 0.8%
Actual: -
Period: May

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

Jun, 24 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 412K
Forecast: 382K
Actual: -
Period: Jun

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

Jun, 24 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 3518K
Forecast: 3470K
Actual: -
Period: Jun

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.

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