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Event Previous Forecast Actual
Jun, 24 12:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0.10%
Forecast: 0.10%
Actual: -
Period: Jun

The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment.

The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate.

0.10% 0.10% -
Jun, 24 12:00
★★★
Asset Purchase Facility
Asset Purchase Facility
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 895
Forecast: 895
Actual: -
Period: Jun

In January 2009, the Chancellor of the Exchequer authorised the Bank to set up an Asset Purchase Facility (APF) to buy high-quality assets financed by the issue of Treasury bills and the DMO’s cash management operations. The aim of the Facility was to improve liquidity in credit markets. To ensure that the Asset Purchase Facility is operated in an open and transparent manner, the Bank will publish a quarterly report on the transactions as part of the facility, shortly after the end of each quarter.

895 895 -
Jun, 24 12:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0-0-9
Forecast: 0-0-9
Actual: -
Period: Jun

This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced

0-0-9 0-0-9 -
Jun, 24 12:00
★★★
MPC Asset Purchase Facility Votes
MPC Asset Purchase Facility Votes
Country:
Date: Jun, 24 12:00
Importance: High
Previous: 0-1-8
Forecast: 0-1-8
Actual: -
Period: Jun

The document is published 13 days after the decision is made. It reflects the votes of every MPC member.

0-1-8 0-1-8 -
Jun, 24 12:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Jun, 24 12:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
- - -
Jun, 24 13:30
★★
GDP
GDP
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 6.4%
Forecast: 6.4%
Actual: -
Period: 1 quarter

The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.

GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

Gross Domestic Product is calculated in the following way
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.

6.4% 6.4% -
Jun, 24 13:30
GDP Price Index
GDP Price Index
Country:
Date: Jun, 24 13:30
Importance: Low
Previous: 4.3%
Forecast: 4.3%
Actual: -
Period: 1 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

4.3% 4.3% -
Jun, 24 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: -1.3% m/m; 1.0% m/m
Forecast: 2.9%; 0.8%
Actual: -
Period: May

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

-1.3% m/m; 1.0% m/m 2.9%; 0.8% -
Jun, 24 13:30
★★
Goods Trade Balance
Goods Trade Balance
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: -85.2
Forecast: -87.4
Actual: -
Period: May
Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
-85.2 -87.4 -
Jun, 24 13:30
Wholesale Inventories
Wholesale Inventories
Country:
Date: Jun, 24 13:30
Importance: Low
Previous: 0.8%
Forecast: 0.8%
Actual: -
Period: May

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

0.8% 0.8% -
Jun, 24 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 412K
Forecast: 382K
Actual: -
Period: Jun

The indicator shows the number of unemployed people in the USA.

412K 382K -
Jun, 24 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Jun, 24 13:30
Importance: Medium
Previous: 3518K
Forecast: 3470K
Actual: -
Period: Jun

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

3518K 3470K -
Jun, 24 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Jun, 24 14:00
Importance: Low
Previous: 6.5
Forecast: 8.5
Actual: -
Period: Jun

Assesses overall business environment in a country.

6.5 8.5 -
Jun, 24 14:30
★★
FOMC Member Raphael W. Bostic Speaks
FOMC Member Raphael W. Bostic Speaks
Country:
Date: Jun, 24 14:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Atlanta President Raphael Bostic - FOMC voting member 2018. 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. More hawkish than expected is good for currency.
- - -
Jun, 24 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Jun, 24 15:30
Importance: Low
Previous: 16
Forecast: 64
Actual: -
Period: Jun

Weekly report about natural gas storage change in the USA.

16 64 -
Jun, 24 16:00
★★
FOMC Member John C. Williams Speaks
FOMC Member John C. Williams Speaks
Country:
Date: Jun, 24 16:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

- - -
Jun, 24 21:30
★★
Bank Stress Test Results
Bank Stress Test Results
Country:
Date: Jun, 24 21:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

An analysis conducted under unfavorable economic scenarios which is designed to determine whether a bank has enough capital to withstand the impact of adverse developments. Stress tests can either be carried out internally by banks as part of their own risk management, or by supervisory authorities as part of their regulatory oversight of the banking sector. These tests are meant to detect weak spots in the banking system at an early stage, so that preventive action can be taken by the banks and regulators.
 

- - -
Jun, 24 23:45
★★
Trade Balance
Trade Balance
Country:
Date: Jun, 24 23:45
Importance: Medium
Previous: 388M; 733M
Forecast: -
Actual: -
Period: May

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.

388M; 733M - -
Jun, 25 00:01
GfK Consumer Confidence Survey
GfK Consumer Confidence Survey
Country:
Date: Jun, 25 00:01
Importance: Low
Previous: -9
Forecast: -7
Actual: -
Period: Jun

Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in Great Britain. GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a global basis, the indicator is very important for the economy, as it reflects consumers sentiments which formed the major portion of Great Britain GDP. The survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission.

-9 -7 -
Jun, 25 00:30
National CPI
National CPI
Country:
Date: Jun, 25 00:30
Importance: Low
Previous: -0.4%
Forecast: -0.6%
Actual: -
Period: Jun

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

-0.4% -0.6% -
Jun, 25 00:30
National CPI ex Fresh Food
National CPI ex Fresh Food
Country:
Date: Jun, 25 00:30
Importance: Low
Previous: -0.2%
Forecast: -0.1%
Actual: -
Period: Jun

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

-0.2% -0.1% -
Jun, 25 00:30
Tokyo CPI ex Fresh Food & Energy
Tokyo CPI ex Fresh Food & Energy
Country:
Date: Jun, 25 00:30
Importance: Low
Previous: -0.1%
Forecast: -0.1%
Actual: -
Period: Jun

An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.

-0.1% -0.1% -
Jun, 25 07:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: Jun, 25 07:00
Importance: Low
Previous: -7.0
Forecast: -3.9
Actual: -
Period: Jul

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.

-7.0 -3.9 -
Jun, 25 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Jun, 25 09:00
Importance: Low
Previous: 9.2%
Forecast: 8.6%
Actual: -
Period: May

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.

9.2% 8.6% -
Jun, 25 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Jun, 25 09:00
Importance: Low
Previous: 3.8%
Forecast: 3.7%
Actual: -
Period: May

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.

3.8% 3.7% -
Jun, 25 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Jun, 25 11:00
Importance: Low
Previous: 18
Forecast: 12
Actual: -
Period: Jun

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.
 

18 12 -
Jun, 25 12:00
BOE Quarterly Bulletin
BOE Quarterly Bulletin
Country:
Date: Jun, 25 12:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
This release includes commentary on market developments and monetary policy operations, along with reports on a range of domestic and international economic issues, market research, and market analysis.
- - -
Jun, 25 13:30
★★
PCE Core
PCE Core
Country:
Date: Jun, 25 13:30
Importance: Medium
Previous: 0.7% m/m; 3.1% y/y
Forecast: 0.6%; 3.4%
Actual: -
Period: May

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

0.7% m/m; 3.1% y/y 0.6%; 3.4% -
Jun, 25 13:30
★★
Personal Spending
Personal Spending
Country:
Date: Jun, 25 13:30
Importance: Medium
Previous: 0.5%
Forecast: 0.3%
Actual: -
Period: May

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

0.5% 0.3% -
Jun, 25 13:30
Personal Income
Personal Income
Country:
Date: Jun, 25 13:30
Importance: Low
Previous: -13.1%
Forecast: -2.7%
Actual: -
Period: May

Broad gauge of employee earnings in the US . Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation. However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Income allows for strong consumers spending. Such spending drives output growth and fuels the US economy.

-13.1% -2.7% -
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