Date
GMT+00:00
Event Value
Jan, 24 12:45
★★
Deposit Facility Rate
Deposit Facility Rate
Country:
Date: Jan, 24 12:45
Importance: Medium
Previous: -0.40%
Forecast: -0.40%
Actual: -
Period: Jan

Financial institutions can place surplus funds in the European Central Bank-administered Marginal Lending Facility to be loaned to institutions requiring overnight loans to meet temporary cash shortages. The Deposit Rate is the interest paid to depositors when they place funds with their respective national Central Bank within the Eurosystem.

-0.40%
Jan, 24 12:45
★★
Marginal Lending Facility
Marginal Lending Facility
Country:
Date: Jan, 24 12:45
Importance: Medium
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Jan

A mechanism that central banks use when lending funds to primary dealers. Lending facilities provide financial institutions with access to funds in order to satisfy reserve requirements using the overnight lending market. Lending facilities are also used to increase liquidity over longer periods such as by using term auction facilities.

0.25%
Jan, 24 12:45
★★★
ECB Interest Rate Announcement
ECB Interest Rate Announcement
Country:
Date: Jan, 24 12:45
Importance: High
Previous: 0.00%
Forecast: 0.00%
Actual: -
Period: Jan

The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slow inflation but can stymie growth.

The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governors make policy goals clear and the Bank adheres to a stated inflation target of 2% changing rates accordingly to meet that goal. Because of this, rate decisions are generally well anticipated, but very important nonetheless.

The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.

Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy. The ECB President's language will be "hawkish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely.

0.00%
Jan, 24 13:30
Continuing Claims
Continuing Claims
Country:
Date: Jan, 24 13:30
Importance: Low
Previous: 1737K
Forecast: 1735K
Actual: -
Period: Jan

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.

1737K
Jan, 24 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jan, 24 13:30
Importance: Medium
Previous: 213K
Forecast: 219K
Actual: -
Period: Jan

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

213K
Jan, 24 13:30
★★★
ECB Press Conference
ECB Press Conference
Country:
Date: Jan, 24 13:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The European Central Bank press conference following interest rate announcement.

Jan, 24 14:45
Composite PMI
Composite PMI
Country:
Date: Jan, 24 14:45
Importance: Low
Previous: 54.4
Forecast: 54.2
Actual: -
Period: Jan
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
54.4
Jan, 24 14:45
Final Services PMI
Final Services PMI
Country:
Date: Jan, 24 14:45
Importance: Low
Previous: 54.4
Forecast: 54.1
Actual: -
Period: Jan
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.
54.4
Jan, 24 14:45
★★
ISM Manufacturing
ISM Manufacturing
Country:
Date: Jan, 24 14:45
Importance: Medium
Previous: 53.8
Forecast: 53.5
Actual: -
Period: Jan

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

53.8
Jan, 24 15:00
Leading Index
Leading Index
Country:
Date: Jan, 24 15:00
Importance: Low
Previous: 111.8; 0.2%
Forecast: ; -0.1%
Actual: -
Period: Dec

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

111.8; 0.2%
Jan, 24 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Jan, 24 15:30
Importance: Low
Previous: -81bln
Forecast: -145bln
Actual: -
Period: Jan

Weekly report about natural gas storage change in the USA.

-81bln
Jan, 24 16:00
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Jan, 24 16:00
Importance: Medium
Previous: -2683K
Forecast: -200K
Actual: -
Period: Jan

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.

-2683K
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