Date
GMT+01:00
Event Value
Jun, 17 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Jun, 17 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

Jun, 17 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: -1.49bln
Forecast: -
Actual: -
Period: Apr

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

-1.49bln
Jun, 17 13:30
NY Fed Empire State manufacturing index
NY Fed Empire State manufacturing index
Country:
Date: Jun, 17 13:30
Importance: Low
Previous: 17.8
Forecast: -
Actual: -
Period: Jun

  Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

17.8
Jun, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Jun, 17 15:00
Importance: Low
Previous: 66
Forecast: -
Actual: -
Period: Jun

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.

66
Jun, 17 19:45
★★
BOC Deputy Governor Lawrence Schembri Speaks
BOC Deputy Governor Lawrence Schembri Speaks
Country:
Date: Jun, 17 19:45
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOC Governing Council members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Jun, 17 21:00
TICS
TICS
Country:
Date: Jun, 17 21:00
Importance: Low
Previous: -28.4bln
Forecast: -
Actual: -
Period: Apr

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.

-28.4bln
Jun, 17 22:00
Westpac Consumer Confidence
Westpac Consumer Confidence
Country:
Date: Jun, 17 22:00
Importance: Low
Previous: 103.8
Forecast: -
Actual: -
Period: 2 quarter

Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indices measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation-based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.

Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

103.8
Jun, 18 02:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Jun, 18 02:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
Jun, 18 02:30
★★
House Price Index
House Price Index
Country:
Date: Jun, 18 02:30
Importance: Medium
Previous: -2.4%q/q; -5.1% y/y
Forecast: -
Actual: -
Period: 1 quarter

Tracks changes in housing prices in Australia's eight provincial capital cities: Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra. The headline number is the weighted average percentage change from the previous quarter. Like any price index, the housing price indexes measure inflationary pressures, in this case specifically from the housing sector. The headline number is the quarterly percentage change in the index.

-2.4%q/q; -5.1% y/y
Jun, 18 07:00
Wholesale Price Index
Wholesale Price Index
Country:
Date: Jun, 18 07:00
Importance: Low
Previous: 0.6% m/m; 2.1% y/y
Forecast: -
Actual: -
Period: May

Measures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.

Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility.

0.6% m/m; 2.1% y/y
Jun, 18 07:00
PPI
PPI
Country:
Date: Jun, 18 07:00
Importance: Low
Previous: 0.5% m/m; 2.5% y/y
Forecast: -
Actual: -
Period: May

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

0.5% m/m; 2.5% y/y
Jun, 18 10:00
★★
ZEW Economic Sentiment
ZEW Economic Sentiment
Country:
Date: Jun, 18 10:00
Importance: Medium
Previous: -2.1
Forecast: -
Actual: -
Period: Jun

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.

-2.1
Jun, 18 10:00
★★
ZEW Current Situation
ZEW Current Situation
Country:
Date: Jun, 18 10:00
Importance: Medium
Previous: 8.2
Forecast: -
Actual: -
Period: Jun

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.

8.2
Jun, 18 10:00
★★
ZEW Survey (Econ. Sentiment)
ZEW Survey (Econ. Sentiment)
Country:
Date: Jun, 18 10:00
Importance: Medium
Previous: -1.6
Forecast: -
Actual: -
Period: Jun

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.

-1.6
Jun, 18 10:00
Current Account (sa)
Current Account (sa)
Country:
Date: Jun, 18 10:00
Importance: Low
Previous: 17.9bln; 22.5bln
Forecast: -
Actual: -
Period: Apr

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services.

17.9bln; 22.5bln
Jun, 18 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jun, 18 10:00
Importance: Medium
Previous: 1.2%
Forecast: 1.2%
Actual: -
Period: May

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.

1.2%
Jun, 18 10:00
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Jun, 18 10:00
Importance: Low
Previous: 0.8%
Forecast: 0.8%
Actual: -
Period: May

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.

0.8%
Jun, 18 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Jun, 18 10:30
Importance: Low
Previous: 1.109%; 2.28
Forecast: -
Actual: -
Period: Jun
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
1.109%; 2.28
Jun, 18 13:30
Manufacturing Shipments
Manufacturing Shipments
Country:
Date: Jun, 18 13:30
Importance: Low
Previous: 2.1%
Forecast: -
Actual: -
Period: Apr

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.

2.1%
Jun, 18 13:30
★★
Building Permits
Building Permits
Country:
Date: Jun, 18 13:30
Importance: Medium
Previous: 1296K; 0.6%
Forecast: -
Actual: -
Period: May

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.

1296K; 0.6%
Jun, 18 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Jun, 18 13:30
Importance: Medium
Previous: 1235K; 5.7%
Forecast: -
Actual: -
Period: May

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.

1235K; 5.7%
Jun, 18 15:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Jun, 18 15:30
Importance: Low
Previous: 107.2; 0.3%
Forecast: -
Actual: -
Period: Apr

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.

107.2; 0.3%
Jun, 18 23:45
★★
Current Account
Current Account
Country:
Date: Jun, 18 23:45
Importance: Medium
Previous: -3.26bln
Forecast: -
Actual: -
Period: 1 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.

-3.26bln
Jun, 19 00:50
Trade Balance
Trade Balance
Country:
Date: Jun, 19 00:50
Importance: Low
Previous: -110.9bln; 60.4bln
Forecast: -
Actual: -
Period: May

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.

-110.9bln; 60.4bln
Jun, 19 01:30
MI Leading Index
MI Leading Index
Country:
Date: Jun, 19 01:30
Importance: Low
Previous: -0.1%
Forecast: -
Actual: -
Period: May

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

-0.1%
Jun, 19 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: Jun, 19 09:00
Importance: Low
Previous: 24.7bln; 35.0bln
Forecast: -
Actual: -
Period: Apr

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services.

24.7bln; 35.0bln
Jun, 19 09:00
Trade Balance
Trade Balance
Country:
Date: Jun, 19 09:00
Importance: Low
Previous: 4.63bln
Forecast: -
Actual: -
Period: Apr

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.

4.63bln
Jun, 19 09:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jun, 19 09:30
Importance: High
Previous: 0.6% m/m; 2.1% y/y
Forecast: -
Actual: -
Period: May

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.

0.6% m/m; 2.1% y/y
Jun, 19 09:30
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: Jun, 19 09:30
Importance: Medium
Previous: 1.8%
Forecast: -
Actual: -
Period: May

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.

1.8%
Jun, 19 09:30
★★
Retail price index
Retail price index
Country:
Date: Jun, 19 09:30
Importance: Medium
Previous: 1.1% m/m; 3.0% y/y
Forecast: -
Actual: -
Period: May

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.

1.1% m/m; 3.0% y/y
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