Date
GMT+00:00
Event Value
Mar, 25 04:30
All Industry Activity Index
All Industry Activity Index
Country:
Date: Mar, 25 04:30
Importance: Low
Previous: -0.4%
Forecast: -
Actual: -
Period: Jan

Evaluates the monthly change in overall production by all sectors of the Japanese economy. The index comprises a variety of industries: service, manufacturing, construction and public sectors are included. The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion. The All Industry Activity Index is posted monthly as a percentage change from the previous month's figure.

-0.4%
Mar, 25 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 98.5
Forecast: -
Actual: -
Period: Mar

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.

98.5
Mar, 25 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 103.4
Forecast: -
Actual: -
Period: Mar

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

103.4
Mar, 25 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 93.8
Forecast: -
Actual: -
Period: Mar

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.

93.8
Mar, 25 09:30
High Street Lending
High Street Lending
Country:
Date: Mar, 25 09:30
Importance: Low
Previous: 40.6K
Forecast: -
Actual: -
Period: Feb
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.
40.6K
Mar, 25 13:00
Leading indicators
Leading indicators
Country:
Date: Mar, 25 13:00
Importance: Low
Previous: 142.0; 1.6%
Forecast: -
Actual: -
Period: Feb

Movements in these indicators are known to precede larger developments in the rest of the economy.

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.

142.0; 1.6%
Mar, 25 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Mar, 25 14:00
Importance: Low
Previous: -1.7
Forecast: -
Actual: -
Period: Mar

Assesses overall business environment in a country.

-1.7
Mar, 25 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 25 21:45
Importance: Medium
Previous: -914M; -6358M
Forecast: -
Actual: -
Period: Feb

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.

-914M; -6358M
Mar, 25 23:50
Summary of Opinions
Summary of Opinions
Country:
Date: Mar, 25 23:50
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
This report includes the BOJ's projection for inflation and economic growth. It's the primary tool the BOJ uses to communicate their economic and monetary projections to investors.
Mar, 25 23:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Mar, 25 23:50
Importance: Low
Previous: 1.1%
Forecast: -
Actual: -
Period: Feb

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

1.1%
Mar, 26 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Mar, 26 05:00
Importance: Low
Previous: 0.5%
Forecast: -
Actual: -
Period: Feb
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%
Mar, 26 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Mar, 26 09:00
Importance: Low
Previous: 3.8%
Forecast: -
Actual: -
Period: Feb

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

3.8%
Mar, 26 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Mar, 26 09:00
Importance: Low
Previous: 3.2%
Forecast: -
Actual: -
Period: Feb

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

3.2%
Mar, 26 12:30
★★
Building Permits
Building Permits
Country:
Date: Mar, 26 12:30
Importance: Medium
Previous: 1345K; 1.4%
Forecast: -
Actual: -
Period: Feb

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.

1345K; 1.4%
Mar, 26 12:30
★★
Housing Starts
Housing Starts
Country:
Date: Mar, 26 12:30
Importance: Medium
Previous: 1230K; 18.6%
Forecast: -
Actual: -
Period: Feb

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.

1230K; 18.6%
Mar, 26 13:00
House Price Index
House Price Index
Country:
Date: Mar, 26 13:00
Importance: Low
Previous: 0.3%
Forecast: -
Actual: -
Period: Jan

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

0.3%
Mar, 26 13:00
Case-Shiller 20 City
Case-Shiller 20 City
Country:
Date: Mar, 26 13:00
Importance: Low
Previous: 4.2%
Forecast: -
Actual: -
Period: Jan
The S&P Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
4.2%
Mar, 26 14:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Mar, 26 14:00
Importance: High
Previous: 131.4
Forecast: -
Actual: -
Period: Mar

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

131.4
Mar, 26 14:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Mar, 26 14:00
Importance: Low
Previous: 16
Forecast: -
Actual: -
Period: Mar

Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

16
Mar, 27 01:00
★★★
Official Cash Rate
Official Cash Rate
Country:
Date: Mar, 27 01:00
Importance: High
Previous: 1.75%
Forecast: 1.75%
Actual: -
Period: Mar
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint.
1.75%
Mar, 27 01:00
★★★
RBNZ Rate Statement
RBNZ Rate Statement
Country:
Date: Mar, 27 01:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions.

Mar, 27 07:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: Mar, 27 07:00
Importance: Low
Previous: 10.8
Forecast: -
Actual: -
Period: Apr

The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

10.8
Mar, 27 09:00
ZEW-CS Survey (Economic Expectations)
ZEW-CS Survey (Economic Expectations)
Country:
Date: Mar, 27 09:00
Importance: Low
Previous: -16.6
Forecast: -
Actual: -
Period: Mar

The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

-16.6
Mar, 27 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Mar, 27 10:30
Importance: Low
Previous: 0.12%; 2.5
Forecast: -
Actual: -
Period: Mar
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.
0.12%; 2.5
Mar, 27 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Mar, 27 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Mar

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

0
Mar, 27 12:30
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 27 12:30
Importance: Medium
Previous: -4.6bln
Forecast: -
Actual: -
Period: Jan

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.

-4.6bln
Mar, 27 12:30
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 27 12:30
Importance: Medium
Previous: -59.8bln
Forecast: -
Actual: -
Period: Jan

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.

-59.8bln
Mar, 27 12:30
Current Account
Current Account
Country:
Date: Mar, 27 12:30
Importance: Low
Previous: -124.8bln
Forecast: -
Actual: -
Period: 4 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 USD.

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

-124.8bln
Mar, 27 14:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Mar, 27 14:30
Importance: Low
Previous: 106.2; 0.1%
Forecast: -
Actual: -
Period: Jan

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.

106.2; 0.1%
Mar, 28 00:00
★★
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Mar, 28 00:00
Importance: Medium
Previous: -30.9
Forecast: -
Actual: -
Period: Mar

The results of the ANZ Bank Business survey held among businesses nationwide.

-30.9
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