Date
GMT+06:00
Event Value
Jan, 20 13:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jan, 20 13:00
Importance: High
Previous: -0.1% m/m; 0.3% y/y
Forecast: 0.3% m/m; 0.5% y/y
Actual: -
Period: Dec

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.

-0.1% m/m; 0.3% y/y
Jan, 20 19:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jan, 20 19:30
Importance: High
Previous: 0.1% m/m; 1.0% y/y
Forecast: -
Actual: -
Period: Dec

The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items.

As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.

0.1% m/m; 1.0% y/y
Jan, 20 21:00
★★★
Overnight Rate
Overnight Rate
Country:
Date: Jan, 20 21:00
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Jan

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

0.25%
Jan, 20 21:00
★★★
BOC Rate Statement
BOC Rate Statement
Country:
Date: Jan, 20 21:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.

Jan, 20 21:00
★★★
Bank of Canada Monetary Policy Report
Bank of Canada Monetary Policy Report
Country:
Date: Jan, 20 21:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

Jan, 21 06:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jan, 21 06:30
Importance: High
Previous: 6.8%
Forecast: 6.7%
Actual: -
Period: Dec

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

6.8%
Jan, 21 06:30
★★★
Employment Change
Employment Change
Country:
Date: Jan, 21 06:30
Importance: High
Previous: 90.0K
Forecast: 50.0K
Actual: -
Period: Dec

Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

The headline figure is the annualized percentage change in employed workers.

90.0K
Jan, 21 12:30
★★★
Bank of Japan Press Conference
Bank of Japan Press Conference
Country:
Date: Jan, 21 12:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Press conference of the BoJ.

Jan, 21 18:45
★★★
ECB Interest Rate Announcement
ECB Interest Rate Announcement
Country:
Date: Jan, 21 18:45
Importance: High
Previous: 0.00%
Forecast: 0.00%
Actual: -
Period: Jan

The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slow inflation but can stymie growth.

The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governors make policy goals clear and the Bank adheres to a stated inflation target of 2% changing rates accordingly to meet that goal. Because of this, rate decisions are generally well anticipated, but very important nonetheless.

The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.

Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy. The ECB President's language will be "hawkish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely.

0.00%
Jan, 21 18:45
★★★
Monetary Policy Report
Monetary Policy Report
Country:
Date: Jan, 21 18:45
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
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