• Date
    GMT+02:00
    Event Previous Forecast Actual
    Nov, 22 20:00
    Baker Hughes U.S. Rig Count
    Baker Hughes U.S. Rig Count
    Country:
    The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
    Date: Nov, 22 20:00
    Importance: Low
    Previous: 915
    Forecast: -
    Actual: -
    Period: Nov
    915 - -
    Nov, 22 21:00
    ★★★
    FOMC Meeting Minutes
    FOMC Meeting Minutes
    Country:

    The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

    Date: Nov, 22 21:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: Nov
    - - -
    Nov, 22 23:45
    ★★★
    Retail Sales
    Retail Sales
    Country:
    Change in the total value of inflation-adjusted sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
    Date: Nov, 22 23:45
    Importance: High
    Previous: 2.0% q/q; 2.1% q/q
    Forecast: 0.4% q/q; 0.9% q/q
    Actual: -
    Period: 3 quarter
    2.0% q/q; 2.1% q/q 0.4% q/q; 0.9% q/q -
    Nov, 23 09:00
    GDP
    GDP
    Country:

    An indicator for broad overall growth in Germany. Robust German GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish.

    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.

    The headline figure for German GDP is an annualized percentage growth rate.

    Technically, 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

    Technical note : GDP is the total market value of goods and services produced in Germany within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only.

    Date: Nov, 23 09:00
    Importance: Low
    Previous: 0.8% q/q; 2.3% y/y
    Forecast: 0.8% q/q; 2.3% y/y
    Actual: -
    Period: 3 quarter
    0.8% q/q; 2.3% y/y 0.8% q/q; 2.3% y/y -
    Nov, 23 10:00
    ★★
    Flash Composite PMI
    Flash Composite PMI
    Country:
    An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
    Date: Nov, 23 10:00
    Importance: Medium
    Previous: 57.4
    Forecast: 57.2
    Actual: -
    Period: Nov
    57.4 57.2 -
    Nov, 23 10:00
    ★★
    Flash Services PMI
    Flash Services PMI
    Country:

    Gauge for the overall performance of the country's service sector. The Services PMI interviews executives on the status of sales, employment, and their outlook. Because the performance of the country's service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

    Date: Nov, 23 10:00
    Importance: Medium
    Previous: 57.3
    Forecast: 57.1
    Actual: -
    Period: Nov
    57.3 57.1 -
    Nov, 23 10:00
    ★★
    Flash Manufacturing PMI
    Flash Manufacturing PMI
    Country:

    A monthly gauge of manufacturing activity and future outlook. The PMI is based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: Nov, 23 10:00
    Importance: Medium
    Previous: 56.1
    Forecast: 55.9
    Actual: -
    Period: Nov
    56.1 55.9 -
    Nov, 23 10:30
    ★★
    Flash Composite PMI
    Flash Composite PMI
    Country:
    An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
    Date: Nov, 23 10:30
    Importance: Medium
    Previous: 56.6
    Forecast: 56.7
    Actual: -
    Period: Nov
    56.6 56.7 -
    Nov, 23 10:30
    ★★
    Flash Services PMI
    Flash Services PMI
    Country:

    Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.
    The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

    Date: Nov, 23 10:30
    Importance: Medium
    Previous: 54.7
    Forecast: 55.2
    Actual: -
    Period: Nov
    54.7 55.2 -
    Nov, 23 10:30
    ★★
    Flash Manufacturing PMI
    Flash Manufacturing PMI
    Country:

    Gauge for overall performance of the German manufacturing sector. Through asking executives about sales and employment outlook, the survey strives to provide useful information about the business climate that can lead to developments in employment, output and consumption. The PMI survey is based on the result of interviews with business executives. Manufacturing is an important sector in Germany, which is why changes in Manufacturing PMI serve as a good indicator for the overall economic situation in Germany as well as Eurozone. However, despite the timeliness of the report, Manufacturing PMI is not a big market mover.
    The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

    Date: Nov, 23 10:30
    Importance: Medium
    Previous: 60.6
    Forecast: 60.4
    Actual: -
    Period: Nov
    60.6 60.4 -
    Nov, 23 11:00
    ★★
    Flash Composite PMI
    Flash Composite PMI
    Country:

    The Eurozone Composite Purchasing Managers Index (PMI) assesses business conditions in manufacturing, construction and service sectors. The Eurozone PMI is both a significant and timely indicator of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-term statistical data, allows to use the PMI indicator for prognosis of future GDP volumes. The PMI indices are based on  selected panels of executives in companies who report each month on real events. The subindex of intangibles sector - PMI services - is of more importance because in industrialized countries around 70% of GDP is generated in non-manufacturing sector.

    Date: Nov, 23 11:00
    Importance: Medium
    Previous: 56.0
    Forecast: 55.9
    Actual: -
    Period: Nov
    56.0 55.9 -
    Nov, 23 11:00
    ★★
    Flash Services PMI
    Flash Services PMI
    Country:

    The Eurozone Services Purchasing Managers Index (PMI) assesses business conditions in the services sector. The figure is based on monthly surveys of executives in Germany, France, Ireland, Italy and Spain. Combined, these countries account for roughly four fifths of total service sector activity in the Eurozone. Since services account for two thirds of total Eurozone GDP, the Services PMI is a significant and timely indicator for the health of the economy. Higher Service PMI levels suggest upward future trends in output and performance of the industry.

    The headline figure is reported as an index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions.

    Date: Nov, 23 11:00
    Importance: Medium
    Previous: 55.0
    Forecast: 55.3
    Actual: -
    Period: Nov
    55.0 55.3 -
    Nov, 23 11:00
    ★★
    Flash Manufacturing PMI
    Flash Manufacturing PMI
    Country:
    It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 3000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact.
    Date: Nov, 23 11:00
    Importance: Medium
    Previous: 58.5
    Forecast: 58.3
    Actual: -
    Period: Nov
    58.5 58.3 -
    Nov, 23 11:30
    Index of Services
    Index of Services
    Country:

    The index tracks activity in services sector.

    Date: Nov, 23 11:30
    Importance: Low
    Previous: 0.4% 3m/3m; 0.2% m/m
    Forecast: 0.4% 3m/3m; 0.2% m/m
    Actual: -
    Period: Sep
    0.4% 3m/3m; 0.2% m/m 0.4% 3m/3m; 0.2% m/m -
    Nov, 23 11:30
    ★★
    Prelim Business Investment
    Prelim Business Investment
    Country:
    Business Investment measures the change in the total inflation-adjusted value of capital expenditure made by companies in the private sector. 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.
    Date: Nov, 23 11:30
    Importance: Medium
    Previous: 0.5% q/q; 2.5% y/y
    Forecast: 0.3% q/q; 1.4% y/y
    Actual: -
    Period: 3 quarter
    0.5% q/q; 2.5% y/y 0.3% q/q; 1.4% y/y -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Nov, 23 11:30
    ★★
    Second Estimate GDP
    Second Estimate GDP
    Country:
    Change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
    Date: Nov, 23 11:30
    Importance: Medium
    Previous: 0.4% q/q; 1.5% y/y
    Forecast: 0.4% q/q; 1.5% y/y
    Actual: -
    Period: 3 quarter
    0.4% q/q; 1.5% y/y 0.4% q/q; 1.5% y/y -
    Nov, 23 13:00
    CBI Realized Sales
    CBI Realized Sales
    Country:

    An accurate early indicator of monthly retail sales in the U.K. CBI realized sales was first introduced in 1983 by the Confederation of British Industry (CBI) and is based on the CBI's Distributive Trades Survey (DTS), which covers 20,000 outlets of firms responsible for a large component of the of retail sector.

    Date: Nov, 23 13:00
    Importance: Low
    Previous: -36
    Forecast: 5
    Actual: -
    Period: Nov
    -36 5 -
    Nov, 23 14:30
    ★★
    ECB Monetary Policy Meeting Accounts
    ECB Monetary Policy Meeting Accounts
    Country:
    The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
    Date: Nov, 23 14:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: Oct
    - - -
    Nov, 23 15:30
    ★★
    Retail Sales
    Retail Sales
    Country:

    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.

    Date: Nov, 23 15:30
    Importance: Medium
    Previous: -0.3% m/m; -0.7% m/m
    Forecast: 0.9% m/m; 0.9% m/m
    Actual: -
    Period: Sep
    -0.3% m/m; -0.7% m/m 0.9% m/m; 0.9% m/m -
    Nov, 23 16:00
    NBB Business Climate
    NBB Business Climate
    Country:

    Level of a composite index based on surveyed manufacturers, builders, services and trade-related firms.It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

    Date: Nov, 23 16:00
    Importance: Low
    Previous: 0.5
    Forecast: 0.8
    Actual: -
    Period: Nov
    0.5 0.8 -
    Nov, 23 18:30
    ★★★
    SNB Chairman Thomas Jordan Speaks
    SNB Chairman Thomas Jordan Speaks
    Country:
    Thomas Jordan is the Chairman of the Governing Board of the Swiss National Bank since April 2012. Traders and investors scrutinize his speeches and comments on the country’s economic situation in order to suppose further actions of the SNB. What is more, the SNB monitors bank sector, thus changes in regulation may influence the currency’s price.
    Date: Nov, 23 18:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Nov, 23 23:45
    ★★
    Trade Balance
    Trade Balance
    Country:

    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.

    Date: Nov, 23 23:45
    Importance: Medium
    Previous: -1143M; -2908M
    Forecast: -750M; -2705M
    Actual: -
    Period: Oct
    -1143M; -2908M -750M; -2705M -
    Nov, 24 02:30
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: Nov, 24 02:30
    Importance: Low
    Previous: 52.8
    Forecast: 52.6
    Actual: -
    Period: Nov
    52.8 52.6 -
    Nov, 24 07:00
    BOJ Core CPI
    BOJ Core CPI
    Country:
    Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
    Date: Nov, 24 07:00
    Importance: Low
    Previous: 0.5% y/y
    Forecast: -
    Actual: -
    Period: Oct
    0.5% y/y - -
    Nov, 24 11:00
    ★★
    Ifo Business Climate
    Ifo Business Climate
    Country:

    The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

    Date: Nov, 24 11:00
    Importance: Medium
    Previous: 116.7
    Forecast: 116.6
    Actual: -
    Period: Nov
    116.7 116.6 -
    Nov, 24 11:00
    ★★
    IFO - Current Assessment
    IFO - Current Assessment
    Country:

    One of the country's key business sentiment surveys (IFO - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Euro-zone, Germany is responsible for approximately a quarter of the total Euro-Zone GDP.

    Consequently, the German IFO is a significant economic health indicator for the Euro-zone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low IFO readings may be indicative of economic slowdown.

    The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

    IFO Current Assessment
    Measures current German business conditions, without considering future expectations.

    IFO Expectations
    Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

    Date: Nov, 24 11:00
    Importance: Medium
    Previous: 124.8
    Forecast: 125.0
    Actual: -
    Period: Nov
    124.8 125.0 -
    Nov, 24 11:00
    ★★
    IFO - Expectations
    IFO - Expectations
    Country:

    One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

    The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

    Ifo Expectations
    Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

    Date: Nov, 24 11:00
    Importance: Medium
    Previous: 109.1
    Forecast: 108.8
    Actual: -
    Period: Nov
    109.1 108.8 -
    Nov, 24 11:30
    High Street Lending
    High Street Lending
    Country:
    Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
    Date: Nov, 24 11:30
    Importance: Low
    Previous: 41.6K
    Forecast: 40.9K
    Actual: -
    Period: Oct
    41.6K 40.9K -
    Nov, 24 16:45
    ★★
    Flash Manufacturing PMI
    Flash Manufacturing PMI
    Country:
    It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact.
    Date: Nov, 24 16:45
    Importance: Medium
    Previous: 54.6
    Forecast: 55.1
    Actual: -
    Period: Nov
    54.6 55.1 -
    Nov, 24 16:45
    Flash Services PMI
    Flash Services PMI
    Country:
    The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
    Date: Nov, 24 16:45
    Importance: Low
    Previous: 55.3
    Forecast: 55.5
    Actual: -
    Period: Nov
    55.3 55.5 -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Nov, 24 16:45
    Flash Composite PMI
    Flash Composite PMI
    Country:
    An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
    Date: Nov, 24 16:45
    Importance: Low
    Previous: 55.2
    Forecast: -
    Actual: -
    Period: Nov
    55.2 - -
    Nov, 27 09:45
    Consumer Spending
    Consumer Spending
    Country:

    Change in the total value of inflation-adjusted goods expenditures by consumers.

    Date: Nov, 27 09:45
    Importance: Low
    Previous: 0.9% m/m
    Forecast: -
    Actual: -
    Period: Oct
    0.9% m/m - -
    Nov, 27 17:00
    ★★
    New Home Sales
    New Home Sales
    Country:

    Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

    Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

    New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

    The report headline is the total amount of properties sold.

    Date: Nov, 27 17:00
    Importance: Medium
    Previous: 667K; 18.9% m/m
    Forecast: -
    Actual: -
    Period: Oct
    667K; 18.9% m/m - -
    Nov, 28 09:00
    Nationwide House Price Index
    Nationwide House Price Index
    Country:

    Gauge for costs of homes in the United Kingdom. Mortgage data is used to provide a timely measure of the level of prices. House prices give good information on current conditions on the housing market. The index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices.

    Date: Nov, 28 09:00
    Importance: Low
    Previous: 0.2% m/m; 2.5% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.2% m/m; 2.5% y/y - -
    Nov, 28 09:00
    ★★★
    Bank Stress Test Results
    Bank Stress Test Results
    Country:
    The stress test applies synthetic market conditions to the balance sheets of large banks in an effort to determine the banks' stability and capital reserve adequacy.
    Date: Nov, 28 09:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: 2017
    - - -
    Nov, 28 09:00
    ★★
    BOE Financial Stability Report
    BOE Financial Stability Report
    Country:
    The Financial Stability Report is published twice a year under the guidance of the Financial Policy Committee. It covers the Committee's assessment of the outlook for the stability and resilience of the financial sector at the time of preparation of the Report, and the policy actions it advises to reduce and mitigate risks to stability.
    Date: Nov, 28 09:00
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: Nov
    - - -
    Nov, 28 09:45
    Consumer Price Index
    Consumer Price Index
    Country:

    Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in France , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical French household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

    Date: Nov, 28 09:45
    Importance: Low
    Previous: 0.1% m/m; 1.1% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.1% m/m; 1.1% y/y - -
    Nov, 28 11:00
    Private Loans
    Private Loans
    Country:
    Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money. Change in the total value of new loans issued to consumers and businesses in the private sector.
    Date: Nov, 28 11:00
    Importance: Low
    Previous: 2.7% y/y
    Forecast: -
    Actual: -
    Period: Oct
    2.7% y/y - -
    Nov, 28 11:00
    ★★
    M3 Money Supply
    M3 Money Supply
    Country:

    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.

     

    Date: Nov, 28 11:00
    Importance: Medium
    Previous: 5.1% y/y
    Forecast: -
    Actual: -
    Period: Oct
    5.1% y/y - -
    Nov, 28 14:00
    GfK Consumer Climate
    GfK Consumer Climate
    Country:

    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.

    Date: Nov, 28 14:00
    Importance: Low
    Previous: 10.7
    Forecast: -
    Actual: -
    Period: Dec
    10.7 - -
    Nov, 28 15:00
    ★★
    Prelim Consumer Price Index - EU Harmonised
    Prelim Consumer Price Index - EU Harmonised
    Country:
    In addition to the Consumer Price Index for Germany (CPI) and the Retail Prices Index, the Federal Statistical Office has calculated for European purposes a Harmonised Index of Consumer Prices (HICP) for Germany since 1997. For the HICP, time series from January 1995 are available. The HICP is used to measure inflation in the context of international, mostly inner-European comparisons. Its calculation, which relies on harmonised concepts, methods and procedures, reflects the development of prices in the individual states based on national consumption patterns. The HICP serves, among other things, to measure the convergence criterion of "price stability" as a basis for judging whether a Member State can participate in European economic and monetary union. The HICP is calculated for the Member States of the European Union (EU), Norway, Iceland and Switzerland. It is used to form aggregates for the euro zone (Monetary Union Index of Consumer Prices - MUICP), for the EU (European Index of Consumer Prices - EICP), and for the European Economic Area (European Economic Area Index of Consumer Prices - EEAICP). The European Central Bank makes use of the MUICP in the context of its monetary policy to judge price stability within the euro zone.
    Date: Nov, 28 15:00
    Importance: Medium
    Previous: -0.1% m/m; 1.5% y/y
    Forecast: -
    Actual: -
    Period: Nov
    -0.1% m/m; 1.5% y/y - -
    Nov, 28 15:00
    ★★
    CPI preliminary
    CPI preliminary
    Country:

    Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

    The German CPI is significant as one of the primary gauges of inflation. As the largest Eurozone economy, inflation in Germany will contribute significantly to inflation in the Eurozone and the behavior of the European Central Bank. High or rising inflation acts as a signal for the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.

    Date: Nov, 28 15:00
    Importance: Medium
    Previous: 0.0% m/m; 1.6% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.0% m/m; 1.6% y/y - -
    Nov, 28 15:30
    Wholesale Inventories
    Wholesale Inventories
    Country:

    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.

    Date: Nov, 28 15:30
    Importance: Low
    Previous: 0.3% m/m
    Forecast: -
    Actual: -
    Period: Oct
    0.3% m/m - -
    Nov, 28 15:30
    ★★
    Goods Trade Balance
    Goods Trade Balance
    Country:
    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.
    Date: Nov, 28 15:30
    Importance: Medium
    Previous: -64.1В
    Forecast: -
    Actual: -
    Period: Oct
    -64.1В - -
    Nov, 28 15:30
    ★★
    Current Account
    Current Account
    Country:

    Summarizes the flow of goods and services, income payments, and transfers in and out of Canada. The report acts as a gauge of how Canada's economy interacts with the rest of the world. Where the other side of the Balance of Payments, the Capital and Financial Accounts, deals 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 practical, non-investment basis.

    The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). A positive value (current account surplus) indicates that the flow of capital from these components into Canada exceeds capital leaving the country. A negative value (current account deficit) means that there is a net capital outflow from these sources. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Canadian dollars leaving the country to make payments in a foreign currency (just as underlying surpluses act as an appreciating weight).

    Canada has historically had an export oriented economy and has relied on exports (particularly oil) as the engine for economic expansion. To this day, trade surpluses form the foundation of Canadian current account surpluses.

    There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released quarterly about two months after the reporting period. Additionally, many of the components that lead to the final Current Account production and trade figures are known well in advance. Lastly, since the report reflects data for a specific reporting quarter, any significant developments in the Current Account should plausibly have been already felt during that quarter and not during the release of data.

    But just like GDP and Trade Balance, Current Account is central to forecasting long term developments in foreign exchange rates. It gives a detailed picture of how the Canadian economy interacts internationally, breaking down these interactions into separate components that can be tracked and often anticipated. Thus the Current Account's importance has led it to historically be one of the more important reports out of Canada .

    The headline figure is the value of the Current Account denominated in Canadian Dollars.

    Date: Nov, 28 15:30
    Importance: Medium
    Previous: -16.3bln
    Forecast: -
    Actual: -
    Period: 3 quarter
    -16.3bln - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Nov, 28 16:00
    Case-Shiller 20 City
    Case-Shiller 20 City
    Country:
    The S&P/Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
    Date: Nov, 28 16:00
    Importance: Low
    Previous: 5.9% y/y
    Forecast: -
    Actual: -
    Period: Sep
    5.9% y/y - -
    Nov, 28 16:00
    House Price Index
    House Price Index
    Country:

    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.

    Date: Nov, 28 16:00
    Importance: Low
    Previous: 0.7% m/m
    Forecast: -
    Actual: -
    Period: Sep
    0.7% m/m - -
    Nov, 28 17:00
    ★★★
    CB Consumer Confidence
    CB Consumer Confidence
    Country:
    CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar.
    Date: Nov, 28 17:00
    Importance: High
    Previous: 125.9
    Forecast: -
    Actual: -
    Period: Nov
    125.9 - -
    Nov, 28 17:00
    Richmond Fed Manufacturing Index
    Richmond Fed Manufacturing Index
    Country:

    Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

    Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

    The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

    Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

    Date: Nov, 28 17:00
    Importance: Low
    Previous: 12
    Forecast: -
    Actual: -
    Period: Nov
    12 - -
    Nov, 28 17:30
    ★★
    Financial System Review
    Financial System Review
    Country:
    It's an assessment of conditions in the financial system and potential risks to financial stability - the evidence on strains and imbalances can provide insight into the future of monetary policy.
    Date: Nov, 28 17:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: Nov
    - - -
    Nov, 28 18:15
    ★★★
    BOC Governor Stephen Poloz Speaks
    BOC Governor Stephen Poloz Speaks
    Country:
    Mr. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank. Mr. Poloz has over 30 years of public and private sector experience in financial markets, forecasting and economic policy. Traders and investors listen to his speeches, as they may contain hints at change the course of monetary policy, or a change in the Bank's assessments of the economic outlook.
    Date: Nov, 28 18:15
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Nov, 28 18:15
    ★★
    BOC Senior Deputy Governor Carolyn Wilkins Speaks
    BOC Senior Deputy Governor Carolyn Wilkins Speaks
    Country:
    Senior Deputy Governor Carolyn Wilkins was appointed Senior Deputy Governor (SDG) for a term of seven years beginning 2 May 2014. As Senior Deputy Governor, she oversees the Bank’s strategic planning and operations and shares responsibility for the conduct of monetary policy as a member of the Bank’s Governing Council. She is also a member of the Bank’s Board of Directors. Prior to her appointment, Ms. Wilkins was Adviser to the Governor, with a focus on the Canadian economy, its interaction with the financial system, and monetary policy. She also served as Secretary to Governing Council.
    Date: Nov, 28 18:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Nov, 28 22:00
    ★★★
    RBNZ Financial Stability Review
    RBNZ Financial Stability Review
    Country:

    The Reserve Bank published its first Financial Stability Report (FSR) in October 2004. The Financial Stability Report is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.

    Date: Nov, 28 22:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: Nov
    - - -
    Nov, 29 01:50
    Retail Sales
    Retail Sales
    Country:

    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.

    Date: Nov, 29 01:50
    Importance: Low
    Previous: 0.8% m/m; 2.2% y/y
    Forecast: -
    Actual: -
    Period: Oct
    0.8% m/m; 2.2% y/y - -
    Nov, 29 09:00
    UBS Consumption Indicator
    UBS Consumption Indicator
    Country:

    Index for consumer spending in Switzerland. The Consumption Indicator moves with changes in real consumer spending and can be used as a gauge of the strength of domestic demand. A rising indicator value reflects rising consumer spending, which generally leads to economic growth and potentially augur inflationary pressures to come.

    The UBS Consumption Indicator is calculated using five specific indicators of spending and expressed in the form of an index. These indicators are: new car sales, business trends in retail, overnight hotel stays by Swiss nationals in Switzerland, the consumer sentiment index and credit card transactions.

    The headline is the index value for the month. Because the index value is always positive, markets compare the current index value to the short and long-term average values in order to gauge Switzerland 's economic health. In the long term the average has been approximately 1.5, but may change with time.

    Date: Nov, 29 09:00
    Importance: Low
    Previous: 1.56
    Forecast: -
    Actual: -
    Period: Oct
    1.56 - -
    Nov, 29 09:45
    GDP
    GDP
    Country:

    The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

    Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

    Technically, 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.

    French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

    Date: Nov, 29 09:45
    Importance: Low
    Previous: 0.5% q/q; 2.2% y/y
    Forecast: 0.5% q/q; 2.2% y/y
    Actual: -
    Period: 3 quarter
    0.5% q/q; 2.2% y/y 0.5% q/q; 2.2% y/y -
    Nov, 29 10:00
    Consumer Price Index Flash
    Consumer Price Index Flash
    Country:

    The Consumer Price Index's (CPI) Flash Estimate measures the inflation rate incurred by consumers when purchasing goods and services. It typically carries a significant impact as traders depend on this information for a glimpse into inflationary pressures and its impact on the nation's currency.

    Date: Nov, 29 10:00
    Importance: Low
    Previous: 1.6% y/y
    Forecast: -
    Actual: -
    Period: Nov
    1.6% y/y - -
    Nov, 29 11:00
    Credit Suisse ZEW Survey (Expectations)
    Credit Suisse ZEW Survey (Expectations)
    Country:
    A leading indicator of economic health, based on expectations of institutional investors and analysts. Level above zero reflects the prevalence of optimism, below - pessimism. Exceeding the previous level or the prognosis is favorable for the currency converter.
    Date: Nov, 29 11:00
    Importance: Low
    Previous: 32.0
    Forecast: -
    Actual: -
    Period: Nov
    32.0 - -
    Nov, 29 11:30
    ★★
    Net Lending to Individuals
    Net Lending to Individuals
    Country:

    The amount of extra funds that a sector has available to provide for either direct and indirect lending purposes to other similar counter-parts.

     

     

    Date: Nov, 29 11:30
    Importance: Medium
    Previous: 5.5bln
    Forecast: -
    Actual: -
    Period: Oct
    5.5bln - -
    Nov, 29 11:30
    Mortgage Approvals
    Mortgage Approvals
    Country:

    Number of new mortgages approved for home purchase by BBA-represented banks during the previous month. The BBA represents major banks that make up around 60% of total UK mortgage lending.
     

    Date: Nov, 29 11:30
    Importance: Low
    Previous: 66.2K
    Forecast: -
    Actual: -
    Period: Oct
    66.2K - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Nov, 29 15:30
    ★★
    GDP Second Release
    GDP Second Release
    Country:
    Change in gross domestic product (GDP) is the main indicator of economic growth. As previously announced, this second estimate of GDP for Q2 2014 is based entirely on output data and does not include information on the expenditure and income components of GDP.
    Date: Nov, 29 15:30
    Importance: Medium
    Previous: 3.0% q/q
    Forecast: 3.0% q/q
    Actual: -
    Period: 3 quarter
    3.0% q/q 3.0% q/q -
    Nov, 29 15:30
    GDP Price Index
    GDP Price Index
    Country:

    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.

    Date: Nov, 29 15:30
    Importance: Low
    Previous: 2.2% q/q
    Forecast: 2.2% q/q
    Actual: -
    Period: 3 quarter
    2.2% q/q 2.2% q/q -
    Nov, 29 17:00
    ★★
    Pending Home Sales
    Pending Home Sales
    Country:

    Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable income is low, or consumer confidence is low. Conversely, a rebound in the housing market is often a leading indicator of an economic recovery.

    The report headline is expressed in percentage change in pending home sales from previous month.

    Date: Nov, 29 17:00
    Importance: Medium
    Previous: 0.0% m/m; -5.4% y/y
    Forecast: -
    Actual: -
    Period: Oct
    0.0% m/m; -5.4% y/y - -
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