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Event Previous Forecast Actual
Jul, 09 07:00
Trade Balance
Trade Balance
Country:
Date: Jul, 09 07:00
Importance: Low
Previous: 3.2bln; 3.5bln
Forecast: 6.6bln
Actual: -
Period: May

The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany 's Balance of Payment. As Germany is Europe's largest economy and given Germany's export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Eurozone trades and extra-Eurozone trades. Intra-trades between Germany and Eurozone countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Eurozone do impact the overall Eurozone trade balance. Given Germany's large share of Eurozone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

The headline figure for trade balance is expressed in billions of Euros.

3.2bln; 3.5bln 6.6bln -
Jul, 09 07:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: Jul, 09 07:00
Importance: Low
Previous: -52.8%
Forecast: -
Actual: -
Period: Jun

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

-52.8% - -
Jul, 09 09:30
30-Year Bonds Auction
30-Year Bonds Auction
Country:
Date: Jul, 09 09:30
Importance: Low
Previous: 1.673%; 1.17
Forecast: -
Actual: -
Period: Jul
Bonds with the longest maturity.
1.673%; 1.17 - -
Jul, 09 13:15
Housing Starts
Housing Starts
Country:
Date: Jul, 09 13:15
Importance: Low
Previous: 193.453K
Forecast: 185.0K
Actual: -
Period: Jun

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.

193.453K 185.0K -
Jul, 09 13:30
Building Permits
Building Permits
Country:
Date: Jul, 09 13:30
Importance: Low
Previous: -17.1%
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.

-17.1% - -
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