Economic calendar

ECONOMIC CALENDAR

Date

GMT+01:00

Event

Value

Sep, 25 13:30

★★

FOMC Member William Dudley Speaks

Country:
Date:	Sep, 25 13:30
Importance:	Medium
Previous:	-
Forecast:	-
Actual:	-
Period:	Sep

William C. Dudley is the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.

Sep, 25 14:00

★★★

ECB President Mario Draghi Speaks

Country:
Date:	Sep, 25 14:00
Importance:	High
Previous:	-
Forecast:	-
Actual:	-
Period:	Sep

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

Sep, 25 17:40

★★

FOMC Member Charles Evans Speaks

Country:
Date:	Sep, 25 17:40
Importance:	Medium
Previous:	-
Forecast:	-
Actual:	-
Period:	Sep

Charles L. Evans is the ninth President and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.

Sep, 25 22:45

★★

Trade Balance

Country:
Date:	Sep, 25 22:45
Importance:	Medium
Previous:	85M; -3213M
Forecast:	-825M; -2910M
Actual:	-
Period:	Aug

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.

85M; -3213M

Sep, 25 23:30

★★

FOMC Member Neel Kashkari Speaks

Country:
Date:	Sep, 25 23:30
Importance:	Medium
Previous:	-
Forecast:	-
Actual:	-
Period:	Sep

Federal Reserve Bank of Minneapolis President Neel Kashkari. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

Sep, 26 00:50

★

Monetary Policy Meeting Minutes

Country:
Date:	Sep, 26 00:50
Importance:	Low
Previous:	-
Forecast:	-
Actual:	-
Period:	Jul

The Bank of Japan publishes the summary from its monthly monetary policy meetings some time after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and decide the central bank’s monetary policy. The minutes usually come out late, at least a month after the meeting, but give detailed insight into the Bank of Japan’s monetary policy decision making process.

Sep, 26 01:00

★★

ANZ Business Confidence

Country:
Date:	Sep, 26 01:00
Importance:	Medium
Previous:	18.3
Forecast:	-
Actual:	-
Period:	Sep

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

18.3