Date
GMT+00:00
Event Value
Nov, 22 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Nov, 22 18:00
Importance: Low
Previous: 915
Forecast: -
Actual: -
Period: Nov
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
915
Nov, 22 19:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: Nov, 22 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Nov

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

Nov, 22 21:45
★★★
Retail Sales
Retail Sales
Country:
Date: Nov, 22 21:45
Importance: High
Previous: 2.0% q/q; 2.1% q/q
Forecast: 0.4% q/q; 0.9% q/q
Actual: -
Period: 3 quarter
Change in the total value of inflation-adjusted sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
2.0% q/q; 2.1% q/q
Nov, 23 07:00
GDP
GDP
Country:
Date: Nov, 23 07:00
Importance: Low
Previous: 0.8% q/q; 2.3% y/y
Forecast: 0.8% q/q; 2.3% y/y
Actual: -
Period: 3 quarter

An indicator for broad overall growth in Germany. Robust German GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish.

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.

The headline figure for German GDP is an annualized percentage growth rate.

Technically, 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

Technical note : GDP is the total market value of goods and services produced in Germany within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only.

0.8% q/q; 2.3% y/y
Nov, 23 08:00
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 57.4
Forecast: 57.2
Actual: -
Period: Nov
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.
57.4
Nov, 23 08:00
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 57.3
Forecast: 57.1
Actual: -
Period: Nov

Gauge for the overall performance of the country's service sector. The Services PMI interviews executives on the status of sales, employment, and their outlook. Because the performance of the country's service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

57.3
Nov, 23 08:00
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 56.1
Forecast: 55.9
Actual: -
Period: Nov

A monthly gauge of manufacturing activity and future outlook. The PMI is based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

56.1
Nov, 23 08:30
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Nov, 23 08:30
Importance: Medium
Previous: 56.6
Forecast: 56.7
Actual: -
Period: Nov
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.
56.6
Nov, 23 08:30
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Nov, 23 08:30
Importance: Medium
Previous: 54.7
Forecast: 55.2
Actual: -
Period: Nov

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.
The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

54.7
Nov, 23 08:30
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Nov, 23 08:30
Importance: Medium
Previous: 60.6
Forecast: 60.4
Actual: -
Period: Nov

Gauge for overall performance of the German manufacturing sector. Through asking executives about sales and employment outlook, the survey strives to provide useful information about the business climate that can lead to developments in employment, output and consumption. The PMI survey is based on the result of interviews with business executives. Manufacturing is an important sector in Germany, which is why changes in Manufacturing PMI serve as a good indicator for the overall economic situation in Germany as well as Eurozone. However, despite the timeliness of the report, Manufacturing PMI is not a big market mover.
The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

60.6
Nov, 23 09:00
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Nov, 23 09:00
Importance: Medium
Previous: 56.0
Forecast: 55.9
Actual: -
Period: Nov

The Eurozone Composite Purchasing Managers Index (PMI) assesses business conditions in manufacturing, construction and service sectors. The Eurozone PMI is both a significant and timely indicator of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-term statistical data, allows to use the PMI indicator for prognosis of future GDP volumes. The PMI indices are based on  selected panels of executives in companies who report each month on real events. The subindex of intangibles sector - PMI services - is of more importance because in industrialized countries around 70% of GDP is generated in non-manufacturing sector.

56.0
Nov, 23 09:00
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Nov, 23 09:00
Importance: Medium
Previous: 55.0
Forecast: 55.3
Actual: -
Period: Nov

The Eurozone Services Purchasing Managers Index (PMI) assesses business conditions in the services sector. The figure is based on monthly surveys of executives in Germany, France, Ireland, Italy and Spain. Combined, these countries account for roughly four fifths of total service sector activity in the Eurozone. Since services account for two thirds of total Eurozone GDP, the Services PMI is a significant and timely indicator for the health of the economy. Higher Service PMI levels suggest upward future trends in output and performance of the industry.

The headline figure is reported as an index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions.

55.0
Nov, 23 09:00
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Nov, 23 09:00
Importance: Medium
Previous: 58.5
Forecast: 58.3
Actual: -
Period: Nov
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. Survey of about 3000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact.
58.5
Nov, 23 09:30
Index of Services
Index of Services
Country:
Date: Nov, 23 09:30
Importance: Low
Previous: 0.4% 3m/3m; 0.2% m/m
Forecast: 0.4% 3m/3m; 0.2% m/m
Actual: -
Period: Sep

The index tracks activity in services sector.

0.4% 3m/3m; 0.2% m/m
Nov, 23 09:30
★★
Prelim Business Investment
Prelim Business Investment
Country:
Date: Nov, 23 09:30
Importance: Medium
Previous: 0.5% q/q; 2.5% y/y
Forecast: 0.3% q/q; 1.4% y/y
Actual: -
Period: 3 quarter
Business Investment measures the change in the total inflation-adjusted value of capital expenditure made by companies in the private sector. 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.
0.5% q/q; 2.5% y/y
Nov, 23 09:30
★★
Second Estimate GDP
Second Estimate GDP
Country:
Date: Nov, 23 09:30
Importance: Medium
Previous: 0.4% q/q; 1.5% y/y
Forecast: 0.4% q/q; 1.5% y/y
Actual: -
Period: 3 quarter
Change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
0.4% q/q; 1.5% y/y
Nov, 23 11:00
CBI Realized Sales
CBI Realized Sales
Country:
Date: Nov, 23 11:00
Importance: Low
Previous: -36
Forecast: 5
Actual: -
Period: Nov

An accurate early indicator of monthly retail sales in the U.K. CBI realized sales was first introduced in 1983 by the Confederation of British Industry (CBI) and is based on the CBI's Distributive Trades Survey (DTS), which covers 20,000 outlets of firms responsible for a large component of the of retail sector.

-36
Nov, 23 12:30
★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: Nov, 23 12:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: Oct
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
Nov, 23 13:30
★★
Retail Sales
Retail Sales
Country:
Date: Nov, 23 13:30
Importance: Medium
Previous: -0.3% m/m; -0.7% m/m
Forecast: 0.9% m/m; 0.9% m/m
Actual: -
Period: Sep

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.

-0.3% m/m; -0.7% m/m
Nov, 23 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Nov, 23 14:00
Importance: Low
Previous: 0.5
Forecast: 0.8
Actual: -
Period: Nov

Level of a composite index based on surveyed manufacturers, builders, services and trade-related firms.It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

0.5
Nov, 23 16:30
★★★
SNB Chairman Thomas Jordan Speaks
SNB Chairman Thomas Jordan Speaks
Country:
Date: Nov, 23 16:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Thomas Jordan is the Chairman of the Governing Board of the Swiss National Bank since April 2012. Traders and investors scrutinize his speeches and comments on the country’s economic situation in order to suppose further actions of the SNB. What is more, the SNB monitors bank sector, thus changes in regulation may influence the currency’s price.
Nov, 23 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Nov, 23 21:45
Importance: Medium
Previous: -1143M; -2908M
Forecast: -750M; -2705M
Actual: -
Period: Oct

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

-1143M; -2908M
Nov, 24 00:30
PMI Manufacturing
PMI Manufacturing
Country:
Date: Nov, 24 00:30
Importance: Low
Previous: 52.8
Forecast: 52.6
Actual: -
Period: Nov

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

52.8
Nov, 24 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Nov, 24 05:00
Importance: Low
Previous: 0.5% y/y
Forecast: -
Actual: -
Period: Oct
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
0.5% y/y
Nov, 24 09:00
★★
Ifo Business Climate
Ifo Business Climate
Country:
Date: Nov, 24 09:00
Importance: Medium
Previous: 116.7
Forecast: 116.6
Actual: -
Period: Nov

The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

116.7
Nov, 24 09:00
★★
IFO - Current Assessment
IFO - Current Assessment
Country:
Date: Nov, 24 09:00
Importance: Medium
Previous: 124.8
Forecast: 125.0
Actual: -
Period: Nov

One of the country's key business sentiment surveys (IFO - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Euro-zone, Germany is responsible for approximately a quarter of the total Euro-Zone GDP.

Consequently, the German IFO is a significant economic health indicator for the Euro-zone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low IFO readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

IFO Current Assessment
Measures current German business conditions, without considering future expectations.

IFO Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

124.8
Nov, 24 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Nov, 24 09:00
Importance: Medium
Previous: 109.1
Forecast: 108.8
Actual: -
Period: Nov

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

109.1
Nov, 24 09:30
High Street Lending
High Street Lending
Country:
Date: Nov, 24 09:30
Importance: Low
Previous: 41.6K
Forecast: 40.9K
Actual: -
Period: Oct
Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
41.6K
Nov, 24 14:45
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Nov, 24 14:45
Importance: Medium
Previous: 54.6
Forecast: 55.1
Actual: -
Period: Nov
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. Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact.
54.6
Nov, 24 14:45
Flash Services PMI
Flash Services PMI
Country:
Date: Nov, 24 14:45
Importance: Low
Previous: 55.3
Forecast: 55.5
Actual: -
Period: Nov
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
55.3
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