Date
GMT+01:00
Event Value
Oct, 18 03:00
★★★
Real GDP
Real GDP
Country:
Date: Oct, 18 03:00
Importance: High
Previous: 1.3% q/q; 7.9% y/y
Forecast: -
Actual: -
Period: 3 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

1.3% q/q; 7.9% y/y
Oct, 18 03:00
★★★
Real GDP (YTD)
Real GDP (YTD)
Country:
Date: Oct, 18 03:00
Importance: High
Previous: 12.7%
Forecast: -
Actual: -
Period: 3 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

12.7%
Oct, 18 03:00
★★
Fixed Asset Investment
Fixed Asset Investment
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: 8.9%
Forecast: -
Actual: -
Period: Sep

Fixed asset investment, or FAI, is a measure of capital spending. It refers to any investment within the measurement period in physical assets, such as real estate infrastructure, machinery, etc. that are held for more than one year. FAI can be a good indicator for how much investment is occurring in a country or region, but it is not a direct contributor to GDP.

8.9%
Oct, 18 03:00
★★
Industrial production
Industrial production
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: 5.3% y/y; 13.1% y/y
Forecast: -
Actual: -
Period: Sep

Measures the volume change of output of the manufacturing and energy sector.

5.3% y/y; 13.1% y/y
Oct, 18 03:00
Retail Sales
Retail Sales
Country:
Date: Oct, 18 03:00
Importance: Low
Previous: 2.5% y/y; 18.1% y/y
Forecast: -
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.

2.5% y/y; 18.1% y/y
Oct, 18 03:00
Unemployment Rate
Unemployment Rate
Country:
Date: Oct, 18 03:00
Importance: Low
Previous: 5.1%
Forecast: -
Actual: -
Period: Sep

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.

5.1%
Oct, 18 03:00
★★
NBS Press Conference
NBS Press Conference
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
NBS Press Conference is a media event in which newsmakers invite journalists to hear them speak and, most often, ask questions. Answers can cause a stir in the market.
Oct, 18 13:15
Housing Starts
Housing Starts
Country:
Date: Oct, 18 13:15
Importance: Low
Previous: 260.239K
Forecast: -
Actual: -
Period: Sep

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

260.239K
Oct, 18 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Oct, 18 13:30
Importance: Low
Previous: 14.19
Forecast: -
Actual: -
Period: Aug

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

14.19
Oct, 18 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Oct, 18 14:15
Importance: Medium
Previous: 0.4%
Forecast: -
Actual: -
Period: Sep

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

0.4%
Oct, 18 14:15
Capacity Utilization
Capacity Utilization
Country:
Date: Oct, 18 14:15
Importance: Low
Previous: 76.4%
Forecast: -
Actual: -
Period: Sep

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

76.4%
Oct, 18 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: Oct, 18 14:15
Importance: Low
Previous: 0.2%
Forecast: -
Actual: -
Period: Sep

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

0.2%
Oct, 18 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Oct, 18 15:00
Importance: Low
Previous: 76
Forecast: -
Actual: -
Period: Oct

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.

76
Oct, 18 15:30
★★
Overview of business prospects, according to the Bank of Canada
Overview of business prospects, according to the Bank of Canada
Country:
Date: Oct, 18 15:30
Importance: Medium
Previous: 4.17
Forecast: -
Actual: -
Period: 3 quarter
Indicator of the balance of opinions on the economic prospects of the Bank of Canada. Reflects sentiments regarding the outlook for the future of economic activity. May affect the Bank of Canada's opinion on the rate decision.
4.17
Oct, 18 21:00
TICS
TICS
Country:
Date: Oct, 18 21:00
Importance: Low
Previous: 2.0
Forecast: -
Actual: -
Period: Aug

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.

2.0
Oct, 19 01:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Oct, 19 01:30
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.
Oct, 19 13:30
★★
Building Permits
Building Permits
Country:
Date: Oct, 19 13:30
Importance: Medium
Previous: 1728K; 6.0%
Forecast: -
Actual: -
Period: Sep

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.

1728K; 6.0%
Oct, 19 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Oct, 19 13:30
Importance: Medium
Previous: 1615K; 3.9%
Forecast: -
Actual: -
Period: Sep

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.

1615K; 3.9%
Oct, 19 15:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Oct, 19 15:30
Importance: Low
Previous: 117.3; 0.3%
Forecast: -
Actual: -
Period: Aug

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.

117.3; 0.3%
Oct, 20 00:30
MI Leading Index
MI Leading Index
Country:
Date: Oct, 20 00:30
Importance: Low
Previous: -0.3%
Forecast: -
Actual: -
Period: Sep

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

-0.3%
Oct, 20 00:50
Trade Balance
Trade Balance
Country:
Date: Oct, 20 00:50
Importance: Low
Previous: -271.8bln; -635.4bln
Forecast: -
Actual: -
Period: Sep

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.

-271.8bln; -635.4bln
Oct, 20 07:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Oct, 20 07:00
Importance: High
Previous: 0.7% m/m; 3.2% y/y
Forecast: -
Actual: -
Period: Sep

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.

0.7% m/m; 3.2% y/y
Oct, 20 07:00
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: Oct, 20 07:00
Importance: Medium
Previous: 3.1%
Forecast: -
Actual: -
Period: Sep

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.

3.1%
Oct, 20 07:00
★★
Retail price index
Retail price index
Country:
Date: Oct, 20 07:00
Importance: Medium
Previous: 0.6% m/m; 4.8% y/y
Forecast: -
Actual: -
Period: Sep

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.

0.6% m/m; 4.8% y/y
Oct, 20 07:00
★★
PPI Input
PPI Input
Country:
Date: Oct, 20 07:00
Importance: Medium
Previous: 0.4% m/m; 11.0% y/y
Forecast: -
Actual: -
Period: Sep

A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices.

The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year.

0.4% m/m; 11.0% y/y
Oct, 20 07:00
PPI Output
PPI Output
Country:
Date: Oct, 20 07:00
Importance: Low
Previous: 0.7% m/m; 5.9% y/y
Forecast: -
Actual: -
Period: Sep

A monthly survey that measures the price changes of goods produced by UK manufacturers. The figure is also known as "Factory Gate Price" because it usually matches the price of goods when they first leave the factory. Increased prices in manufacturing typically lead to higher retail prices for consumers. However, it is also likely that higher output prices are caused by manufacturers charging a higher premium due to higher demand for their goods. Consequently, market trends in consumption should be considered with Output PPI to avoid data misinterpretation.

0.7% m/m; 5.9% y/y
Oct, 20 07:00
Trade Balance
Trade Balance
Country:
Date: Oct, 20 07:00
Importance: Low
Previous: 5.06
Forecast: -
Actual: -
Period: Sep

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.

5.06
Oct, 20 07:00
PPI
PPI
Country:
Date: Oct, 20 07:00
Importance: Low
Previous: 1.5%; 12.0%
Forecast: -
Actual: -
Period: Sep

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.

1.5%; 12.0%
Oct, 20 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: Oct, 20 09:00
Importance: Low
Previous: 21.6bln; 30.2bln
Forecast: -
Actual: -
Period: Aug

  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.

21.6bln; 30.2bln
Oct, 20 09:30
House Price Index
House Price Index
Country:
Date: Oct, 20 09:30
Importance: Low
Previous: 8.0%
Forecast: -
Actual: -
Period: Aug

A broad measure of the movement of single-family house prices. Apart from serving as an indicator of house price trends, the House Price Index (HPI) provides an analytical tool for estimating changes in the rates of mortgage defaults, prepayments and housing affordability. It is a weighted, repeat-sales index, which means that it measures average price changes in repeat sales or refinancings on the same properties.

8.0%
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