Date
GMT+01:00
Event Value
Jul, 17 09:00
★★★
Treasury Select Committee Hearings
Treasury Select Committee Hearings
Country:
Date: Jul, 17 09:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
The Bank of England's representatives will report on their work.
Jul, 17 09:00
★★★
BOE Governor Mark Carney Speaks
BOE Governor Mark Carney Speaks
Country:
Date: Jul, 17 09:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.

Jul, 17 09:00
★★
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
Country:
Date: Jul, 17 09:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Sir Jon Cunliffe became Deputy Governor for Financial Stability on 1 November 2013. Jon is a member of the Bank’s Financial Policy and Monetary Policy Committees, the Bank’s Court of Directors and the Prudential Regulation Authority Board. His speeches may include hints of regulation changes or the assessment of economic condition.
Jul, 17 09:30
★★★
Claimant Count Change
Claimant Count Change
Country:
Date: Jul, 17 09:30
Importance: High
Previous: -7.7K
Forecast: 2.3K
Actual: -
Period: Jun

The UK claimant count provides data on those individuals who are out of work and who are claiming some sort of unemployment benefit.

-7.7K
Jul, 17 09:30
★★
Claimant Count Rate
Claimant Count Rate
Country:
Date: Jul, 17 09:30
Importance: Medium
Previous: 4.2%
Forecast: 4.2%
Actual: -
Period: May

The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures.

The headline number is a percentage change in the figure.

4.2%
Jul, 17 09:30
★★
Average Earnings Index
Average Earnings Index
Country:
Date: Jul, 17 09:30
Importance: Medium
Previous: 2.5% 3m/y; 2.8% 3m/y
Forecast: 2.5% 3m/y; 2.7% 3m/y
Actual: -
Period: May
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer. Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010
2.5% 3m/y; 2.8% 3m/y
Jul, 17 10:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jul, 17 10:00
Importance: Low
Previous: 0.3% m/m; 1.4% y/y
Forecast: 0.3% m/m; 1.4% y/y
Actual: -
Period: Jun

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.

0.3% m/m; 1.4% y/y
Jul, 17 13:30
★★
Manufacturing Shipments
Manufacturing Shipments
Country:
Date: Jul, 17 13:30
Importance: Medium
Previous: -1.3% m/m
Forecast: 0.5% m/m
Actual: -
Period: May

CManufacturing Shipments - also known as "shipments of goods of own manufacture" - report the production of goods produced by Canadian establishments in the "Manufacturing Sector (NAICS 31-33)". It measures the Dollar value, not the quantity of manufactured goods produced.

-1.3% m/m
Jul, 17 14:15
★★
Capacity Utilization
Capacity Utilization
Country:
Date: Jul, 17 14:15
Importance: Medium
Previous: 77.9%
Forecast: 78.4%
Actual: -
Period: Jun

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

77.9%
Jul, 17 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Jul, 17 14:15
Importance: Medium
Previous: -0.1% m/m
Forecast: 0.5% m/m
Actual: -
Period: Jun

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

-0.1% m/m
Jul, 17 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: Jul, 17 14:15
Importance: Low
Previous: -0.7% m/m
Forecast: 0.6% m/m
Actual: -
Period: Jun

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

-0.7% m/m
Jul, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jul, 17 15:00
Importance: Low
Previous: 68
Forecast: 69
Actual: -
Period: Jul

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

68
Jul, 17 15:00
★★★
Federal Reserve Chairman Jerome Powell Speaks
Federal Reserve Chairman Jerome Powell Speaks
Country:
Date: Jul, 17 15:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Jul, 17 21:00
TICS
TICS
Country:
Date: Jul, 17 21:00
Importance: Low
Previous: 93.9bln
Forecast: 34.3bln
Actual: -
Period: May

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

93.9bln
Jul, 18 01:30
MI Leading Index
MI Leading Index
Country:
Date: Jul, 18 01:30
Importance: Low
Previous: -0.2% m/m
Forecast: -
Actual: -
Period: Jun

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

-0.2% m/m
Jul, 18 09:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 18 09:30
Importance: High
Previous: 0.4% m/m; 2.4% y/y
Forecast: 0.2% m/m; 2.6% y/y
Actual: -
Period: Jun

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

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

0.4% m/m; 2.4% y/y
Jul, 18 09:30
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 2.1% y/y
Forecast: 2.1% y/y
Actual: -
Period: Jun

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar 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 American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

2.1% y/y
Jul, 18 09:30
★★
Retail price index
Retail price index
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 0.4% m/m; 3.3% y/y
Forecast: 0.4% m/m; 3.5% y/y
Actual: -
Period: Jun

In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics.

0.4% m/m; 3.3% y/y
Jul, 18 09:30
★★
PPI Input
PPI Input
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 2.8% m/m; 9.2% y/y
Forecast: 0.4% m/m; 10.1% y/y
Actual: -
Period: Jun

A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices.

The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year.

2.8% m/m; 9.2% y/y
Jul, 18 09:30
PPI Output
PPI Output
Country:
Date: Jul, 18 09:30
Importance: Low
Previous: 0.4% m/m; 2.9% y/y
Forecast: 0.3% m/m; 3.2% y/y
Actual: -
Period: Jun

A monthly survey that measures the price changes of goods produced by UK manufacturers. The figure is also known as "Factory Gate Price" because it usually matches the price of goods when they first leave the factory. Increased prices in manufacturing typically lead to higher retail prices for consumers. However, it is also likely that higher output prices are caused by manufacturers charging a higher premium due to higher demand for their goods. Consequently, market trends in consumption should be considered with Output PPI to avoid data misinterpretation.

0.4% m/m; 2.9% y/y
Jul, 18 09:30
House Price Index
House Price Index
Country:
Date: Jul, 18 09:30
Importance: Low
Previous: 3.9% y/y
Forecast: 3.8% y/y
Actual: -
Period: May

A broad measure of the movement of single-family house prices. Apart from serving as an indicator of house price trends, the House Price Index (HPI) provides an analytical tool for estimating changes in the rates of mortgage defaults, prepayments and housing affordability. It is a weighted, repeat-sales index, which means that it measures average price changes in repeat sales or refinancings on the same properties.

3.9% y/y
Jul, 18 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 18 10:00
Importance: Medium
Previous: 2.0% y/y
Forecast: 2.0% y/y
Actual: -
Period: Jun

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.

2.0% y/y
Jul, 18 10:00
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Jul, 18 10:00
Importance: Low
Previous: 1.0% y/y
Forecast: 1.0% y/y
Actual: -
Period: Jun

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.

1.0% y/y
Jul, 18 10:30
30-y Bond Auction
30-y Bond Auction
Country:
Date: Jul, 18 10:30
Importance: Low
Previous: 1.06%; 1.2
Forecast: -
Actual: -
Period: Jul
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
1.06%; 1.2
Jul, 18 13:30
★★★
Building Permits
Building Permits
Country:
Date: Jul, 18 13:30
Importance: High
Previous: 1301K; -4.6% m/m
Forecast: 1330K; 2.2% m/m
Actual: -
Period: Jun

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1301K; -4.6% m/m
Jul, 18 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Jul, 18 13:30
Importance: Medium
Previous: 1350K; 5.0% m/m
Forecast: 1320K; -2.2% m/m
Actual: -
Period: Jun

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1350K; 5.0% m/m
Jul, 18 14:30
Leading Indicators
Leading Indicators
Country:
Date: Jul, 18 14:30
Importance: Low
Previous: 97.0; -0.2% m/m
Forecast: -
Actual: -
Period: May

Leading Indicators is a composite index designed to forecast trends in the overall economy.

97.0; -0.2% m/m
Jul, 18 15:00
★★★
Federal Reserve Chairman Jerome Powell Speaks
Federal Reserve Chairman Jerome Powell Speaks
Country:
Date: Jul, 18 15:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Jul, 18 15:30
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Jul, 18 15:30
Importance: Medium
Previous: -12633K
Forecast: -
Actual: -
Period: Jul

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.

-12633K
Jul, 18 19:00
Beige Book
Beige Book
Country:
Date: Jul, 18 19:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Report on current economic conditions in each of the 12 Federal Reserve districts covering the entire US. Regional Banks in the Federal Reserve System gather anecdotal information based on surveys of executives, economist and market participants. The Beige Book summarizes this data into a relatively short document, giving a picture of economic trends and challenges faced by different parts of the nation.

In addition to providing useful information on the economy, the report is also a window into how FOMC members may vote at the next interest rate policy meeting. Because each report is based on anecdotal information as much as statistics, it is subjective and may reflect opinions of district governors. As the only comprehensive report made available to the public, the Beige Book provides a rare opportunity for markets to better understand the Federal Reserve and its views on the economy.

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