• Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 14 06:30
    Industrial Production
    Industrial Production
    Country:

    Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

    The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

    Date: Dec, 14 06:30
    Importance: Low
    Previous: 2.9% m/m; 4.2% y/y
    Forecast: 2.9% m/m; 4.2% y/y
    Actual: -
    Period: Oct
    2.9% m/m; 4.2% y/y 2.9% m/m; 4.2% y/y -
    Dec, 14 09:00
    Wholesale Price Index
    Wholesale Price Index
    Country:

    Measures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.

    Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility.

    Date: Dec, 14 09:00
    Importance: Low
    Previous: 0.3% m/m; 4.0% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.3% m/m; 4.0% y/y - -
    Dec, 14 10:00
    CPI
    CPI
    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.

    Date: Dec, 14 10:00
    Importance: Low
    Previous: 1.7%
    Forecast: 1.7%
    Actual: -
    Period: Nov
    1.7% 1.7% -
    Dec, 14 10:15
    ★★
    Composite PMI
    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: Dec, 14 10:15
    Importance: Medium
    Previous: 54.2
    Forecast: 54.0
    Actual: -
    Period: Dec
    54.2 54.0 -
    Dec, 14 10:15
    ★★
    PMI Services
    PMI Services
    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: Dec, 14 10:15
    Importance: Medium
    Previous: 55.1
    Forecast: 54.8
    Actual: -
    Period: Dec
    55.1 54.8 -
    Dec, 14 10:15
    ★★
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly guage 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: Dec, 14 10:15
    Importance: Medium
    Previous: 50.8
    Forecast: 50.7
    Actual: -
    Period: Dec
    50.8 50.7 -
    Dec, 14 10:30
    ★★
    Composite PMI
    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: Dec, 14 10:30
    Importance: Medium
    Previous: 52.3
    Forecast: 52.4
    Actual: -
    Period: Dec
    52.3 52.4 -
    Dec, 14 10:30
    ★★
    PMI Services
    PMI Services
    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.

    Date: Dec, 14 10:30
    Importance: Medium
    Previous: 53.3
    Forecast: 53.5
    Actual: -
    Period: Dec
    53.3 53.5 -
    Dec, 14 10:30
    ★★
    PMI Manufacturing
    PMI Manufacturing
    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 results are the result of interviews with business executives. Manufacturing is an important sector in Germany , which is why changes in Manufacturing PMI can provide a good indicator to the overall economic condition in Germany as well as Euro-zone. 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: Dec, 14 10:30
    Importance: Medium
    Previous: 51.8
    Forecast: 51.7
    Actual: -
    Period: Dec
    51.8 51.7 -
    Dec, 14 11:00
    ★★
    Composite PMI
    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: Dec, 14 11:00
    Importance: Medium
    Previous: 52.7
    Forecast: 52.8
    Actual: -
    Period: Dec
    52.7 52.8 -
    Dec, 14 11:00
    ★★
    PMI Services
    PMI Services
    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.

    Date: Dec, 14 11:00
    Importance: Medium
    Previous: 53.4
    Forecast: 53.4
    Actual: -
    Period: Dec
    53.4 53.4 -
    Dec, 14 11:00
    ★★
    PMI Manufacturing
    PMI Manufacturing
    Country:

    The Euro-zone Manufacturing Purchasing Managers Index (PMI) assesses business conditions in the manufacturing sector. Because the manufacturing sector represents nearly a quarter of total Euro-zone GDP, the Euro-zone Manufacturing PMI is both a significant and timely indicator of business conditions and the general health of the economy. Results are quantified in an index in which values above 50 indicate an expected increase of business conditions and values below 50 signal an expected deterioration.

    Date: Dec, 14 11:00
    Importance: Medium
    Previous: 51.8
    Forecast: 51.9
    Actual: -
    Period: Dec
    51.8 51.9 -
    Dec, 14 11:30
    Member of the Executive Board of the ECB Sabine Lautenschager Speaks
    Member of the Executive Board of the ECB Sabine Lautenschager Speaks
    Country:
    He is the representative of Germany. Previously, she worked in the Bundesbank, where she was responsible for the Department of Banking and Financial Supervision and the Audit Department. Investors and traders follow her speeches to hear hints of changes in regulation.
    Date: Dec, 14 11:30
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 14 12:00
    Gross Domestic Product
    Gross Domestic Product
    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. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

    Date: Dec, 14 12:00
    Importance: Low
    Previous: -0.1% m/m; 1.7% y/y
    Forecast: -0.1% m/m; 1.7% y/y
    Actual: -
    Period: Nov
    -0.1% m/m; 1.7% y/y -0.1% m/m; 1.7% y/y -
    Dec, 14 12:30
    Key bank rate
    Key bank rate
    Country:
    The Bank Rossii decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the RUB, while a lower than expected rate is negative/bearish for the RUB.
    Date: Dec, 14 12:30
    Importance: Low
    Previous: 7.50%
    Forecast: 7.50%
    Actual: -
    Period: Dec
    7.50% 7.50% -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 14 15:30
    ★★★
    Retail Sales
    Retail Sales
    Country:

    An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce. The report covers the previous month, and is released about two weeks after the month-end. Comparisons are made against historical data; year-over-year comparisons are the most-reported metric because they account for the seasonality of consumer-based retail.

    Date: Dec, 14 15:30
    Importance: High
    Previous: 0.8% m/m; 0.7% m/m
    Forecast: 0.1% m/m; 0.2% m/m
    Actual: -
    Period: Nov
    0.8% m/m; 0.7% m/m 0.1% m/m; 0.2% m/m -
    Dec, 14 16:15
    Manufacturing Production
    Manufacturing Production
    Country:

    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.

    Date: Dec, 14 16:15
    Importance: Low
    Previous: 0.3%
    Forecast: 0.3%
    Actual: -
    Period: Nov
    0.3% 0.3% -
    Dec, 14 16:15
    ★★
    Industrial Production
    Industrial Production
    Country:

    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.

    Date: Dec, 14 16:15
    Importance: Medium
    Previous: 0.1%
    Forecast: 0.3%
    Actual: -
    Period: Nov
    0.1% 0.3% -
    Dec, 14 16:15
    ★★
    Capacity Utilization
    Capacity Utilization
    Country:

    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.

    Date: Dec, 14 16:15
    Importance: Medium
    Previous: 78.4%
    Forecast: 78.6%
    Actual: -
    Period: Nov
    78.4% 78.6% -
    Dec, 14 16:30
    Leading Indicators
    Leading Indicators
    Country:

    Leading Indicators is a composite index designed to forecast trends in the overall economy.

    Date: Dec, 14 16:30
    Importance: Low
    Previous: 96.3; -0.4%
    Forecast: -
    Actual: -
    Period: Oct
    96.3; -0.4% - -
    Dec, 14 16:45
    Composite PMI
    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: Dec, 14 16:45
    Importance: Low
    Previous: 54.7
    Forecast: -
    Actual: -
    Period: Dec
    54.7 - -
    Dec, 14 16:45
    Final Services PMI
    Final Services 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. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.
    Date: Dec, 14 16:45
    Importance: Low
    Previous: 54.7
    Forecast: 55.0
    Actual: -
    Period: Dec
    54.7 55.0 -
    Dec, 14 16:45
    ★★
    ISM Manufacturing
    ISM Manufacturing
    Country:

    A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

    Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

    Date: Dec, 14 16:45
    Importance: Medium
    Previous: 55.3
    Forecast: 55.1
    Actual: -
    Period: Dec
    55.3 55.1 -
    Dec, 14 17:00
    NAHB Housing Market Index
    NAHB Housing Market Index
    Country:

    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.

    Date: Dec, 14 17:00
    Importance: Low
    Previous: 60
    Forecast: -
    Actual: -
    Period: Dec
    60 - -
    Dec, 14 17:00
    Business Inventories
    Business Inventories
    Country:

    Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.

    Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow down, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.

    Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .

    While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

    The headline number is expressed as a percentage change from the previous month.

    Date: Dec, 14 17:00
    Importance: Low
    Previous: 0.3%
    Forecast: 0.5%
    Actual: -
    Period: Oct
    0.3% 0.5% -
    Dec, 14 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: Dec, 14 20:00
    Importance: Low
    Previous: 1075
    Forecast: -
    Actual: -
    Period: Dec
    1075 - -
    Dec, 15 12:30
    ★★★
    ECB President Mario Draghi Speaks
    ECB President Mario Draghi Speaks
    Country:

    Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

    Date: Dec, 15 12:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 17 02:01
    Rightmove House Prices
    Rightmove House Prices
    Country:

    House prices index in Great Britain.

    Date: Dec, 17 02:01
    Importance: Low
    Previous: -1.7% m/m; -0.2% y/y
    Forecast: -
    Actual: -
    Period: Dec
    -1.7% m/m; -0.2% y/y - -
    Dec, 17 11:00
    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: Dec, 17 11:00
    Importance: Low
    Previous: 1.27В
    Forecast: -
    Actual: -
    Period: Oct
    1.27В - -
    Dec, 17 12:00
    Current Account (sa)
    Current Account (sa)
    Country:

      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.

    Date: Dec, 17 12:00
    Importance: Low
    Previous: 13.4bln; 13.1В
    Forecast: -
    Actual: -
    Period: Oct
    13.4bln; 13.1В - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 17 12:00
    Consumer Price Index Core
    Consumer Price Index Core
    Country:

    CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

    Date: Dec, 17 12:00
    Importance: Low
    Previous: 1.0%
    Forecast: 1.0%
    Actual: -
    Period: Nov
    1.0% 1.0% -
    Dec, 17 12:00
    ★★
    Consumer Price Index
    Consumer Price Index
    Country:

    CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

    Date: Dec, 17 12:00
    Importance: Medium
    Previous: 2.0%
    Forecast: 2.0%
    Actual: -
    Period: Nov
    2.0% 2.0% -
    Dec, 17 13:00
    CBI industrial order books balance
    CBI industrial order books balance
    Country:

    This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.

    Date: Dec, 17 13:00
    Importance: Low
    Previous: 10
    Forecast: -
    Actual: -
    Period: Dec
    10 - -
    Dec, 17 13:00
    Bundesbank Monthly Report
    Bundesbank Monthly Report
    Country:

    Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

    Date: Dec, 17 13:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 17 15:30
    NY Fed Empire State manufacturing index
    NY Fed Empire State manufacturing index
    Country:

      Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

    Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

    Date: Dec, 17 15:30
    Importance: Low
    Previous: 23.3
    Forecast: -
    Actual: -
    Period: Dec
    23.3 - -
    Dec, 17 15:30
    Foreign Securities Purchases
    Foreign Securities Purchases
    Country:

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

    Date: Dec, 17 15:30
    Importance: Low
    Previous: 7.70bln
    Forecast: -
    Actual: -
    Period: Oct
    7.70bln - -
    Dec, 17 17:00
    NAHB Housing Market Index
    NAHB Housing Market Index
    Country:

    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.

    Date: Dec, 17 17:00
    Importance: Low
    Previous: 60
    Forecast: -
    Actual: -
    Period: Dec
    60 - -
    Dec, 17 17:30
    Leading Index (Conference Board)
    Leading Index (Conference Board)
    Country:

    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.

    Date: Dec, 17 17:30
    Importance: Low
    Previous: 105.8; -0.1%
    Forecast: -
    Actual: -
    Period: Oct
    105.8; -0.1% - -
    Dec, 17 23:00
    TICS
    TICS
    Country:

    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.

    Date: Dec, 17 23:00
    Importance: Low
    Previous: 30.8bln
    Forecast: -
    Actual: -
    Period: Oct
    30.8bln - -
    Dec, 18 02:00
    ★★
    ANZ Business Confidence
    ANZ Business Confidence
    Country:

    The results of the ANZ Bank Business survey held among businesses nationwide.

    Date: Dec, 18 02:00
    Importance: Medium
    Previous: -37.1
    Forecast: -
    Actual: -
    Period: Dec
    -37.1 - -
    Dec, 18 02:30
    ★★
    Mid-Year Economic and Fiscal Outlook
    Mid-Year Economic and Fiscal Outlook
    Country:
    The Mid-year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous budget. As well as updating the economic and fiscal outlook, the MYEFO updates the budgetary position. In particular, the MYEFO takes account of all decisions made since the release of the budget which affect expenses and revenue and hence revises the budget aggregates. An appendix to MYEFO summarises all policy decisions taken since the budget.
    Date: Dec, 18 02:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 18 02:30
    ★★★
    Monetary Policy Meeting Minutes
    Monetary Policy Meeting Minutes
    Country:
    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.
    Date: Dec, 18 02:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 18 08:45
    SECO Economic Forecasts
    SECO Economic Forecasts
    Country:

    The State Secretariat for Economic Affairs (SECO) “is the federal government's centre of expertise for all core issues relating to economic policy. Its aim is to ensure sustainable economic growth by putting in place the necessary regulatory and economic policy conditions.” - Source www.seco.admin.ch

    SECO Economic Forecasts are released quarterly and include expectations for GDP and its components such as: consumption expenditure (personal and government), construction investment, investment in equipment and software, exports, imports, employment (full time equivalent), rate of unemployment and the Consumer Price Index (CPI).

    Date: Dec, 18 08:45
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 18 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: Dec, 18 11:00
    Importance: Medium
    Previous: 98.7
    Forecast: -
    Actual: -
    Period: Dec
    98.7 - -
    Dec, 18 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 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 Current Assessment
    Measures current German business conditions, without considering future expectations.

    Date: Dec, 18 11:00
    Importance: Medium
    Previous: 105.4
    Forecast: -
    Actual: -
    Period: Dec
    105.4 - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 18 11:00
    ★★
    Ifo Business Climate Index
    Ifo Business Climate Index
    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: Dec, 18 11:00
    Importance: Medium
    Previous: 102.0
    Forecast: -
    Actual: -
    Period: Dec
    102.0 - -
    Dec, 18 15:30
    ★★
    Housing Starts
    Housing Starts
    Country:

    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.

    Date: Dec, 18 15:30
    Importance: Medium
    Previous: 1228K; 1.5%
    Forecast: -
    Actual: -
    Period: Nov
    1228K; 1.5% - -
    Dec, 18 15:30
    ★★
    Building Permits
    Building Permits
    Country:

    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.

    Date: Dec, 18 15:30
    Importance: Medium
    Previous: 1263K; -0.6%
    Forecast: -
    Actual: -
    Period: Nov
    1263K; -0.6% - -
    Dec, 18 15:30
    ★★
    Manufacturing Shipments
    Manufacturing Shipments
    Country:

    CManufacturing Shipments - also known as "shipments of goods of own manufacture" - report the production of goods produced by Canadian establishments in the "Manufacturing Sector (NAICS 31-33)". It measures the Dollar value, not the quantity of manufactured goods produced.

    Date: Dec, 18 15:30
    Importance: Medium
    Previous: 0.2%
    Forecast: -
    Actual: -
    Period: Oct
    0.2% - -
    Dec, 18 23:45
    ★★
    Current Account
    Current Account
    Country:

    The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

    A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

    Date: Dec, 18 23:45
    Importance: Medium
    Previous: -1.62bln
    Forecast: -
    Actual: -
    Period: 3 quarter
    -1.62bln - -
    Dec, 19 01:30
    MI Leading Index
    MI Leading Index
    Country:

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

    Date: Dec, 19 01:30
    Importance: Low
    Previous: 0.1%
    Forecast: -
    Actual: -
    Period: Nov
    0.1% - -
    Dec, 19 01:50
    Trade Balance
    Trade Balance
    Country:

    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.

    Date: Dec, 19 01:50
    Importance: Low
    Previous: -302.7В; -449.3В
    Forecast: -
    Actual: -
    Period: Nov
    -302.7В; -449.3В - -
    Dec, 19 09:00
    PPI
    PPI
    Country:

    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.

    Date: Dec, 19 09:00
    Importance: Low
    Previous: 0.3% m/m; 3.3% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.3% m/m; 3.3% y/y - -
    Dec, 19 11:30
    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: Dec, 19 11:30
    Importance: Low
    Previous: 3.5%
    Forecast: -
    Actual: -
    Period: Oct
    3.5% - -
    Dec, 19 11:30
    PPI Output
    PPI Output
    Country:

    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.

    Date: Dec, 19 11:30
    Importance: Low
    Previous: 0.3% m/m; 3.3% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.3% m/m; 3.3% y/y - -
    Dec, 19 11:30
    ★★
    PPI Input
    PPI Input
    Country:

    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.

    Date: Dec, 19 11:30
    Importance: Medium
    Previous: 0.8% m/m; 10.0% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.8% m/m; 10.0% y/y - -
    Dec, 19 11:30
    ★★
    Retail price index
    Retail price index
    Country:

    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.

    Date: Dec, 19 11:30
    Importance: Medium
    Previous: 0.1% m/m; 3.3% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.1% m/m; 3.3% y/y - -
    Dec, 19 11:30
    ★★
    Consumer Price Index-Core
    Consumer Price Index-Core
    Country:

    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.

    Date: Dec, 19 11:30
    Importance: Medium
    Previous: 1.9%
    Forecast: -
    Actual: -
    Period: Nov
    1.9% - -
    Dec, 19 11:30
    ★★★
    Consumer Price Index
    Consumer Price Index
    Country:

    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.

    Date: Dec, 19 11:30
    Importance: High
    Previous: 0.1% m/m; 2.4% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.1% m/m; 2.4% y/y - -
    Dec, 19 13:00
    CBI retail sales volume balance
    CBI retail sales volume balance
    Country:

    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.
     

    Date: Dec, 19 13:00
    Importance: Low
    Previous: 19
    Forecast: -
    Actual: -
    Period: Dec
    19 - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 19 15:30
    ★★
    Current Account
    Current Account
    Country:

    The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the USD.

    A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

    Date: Dec, 19 15:30
    Importance: Medium
    Previous: -101.5bln
    Forecast: -
    Actual: -
    Period: 3 quarter
    -101.5bln - -
    Dec, 19 15:30
    ★★
    Trimmed Core CPI
    Trimmed Core CPI
    Country:
    Change in the price of goods and services purchased by consumers, excluding 40% of components with extreme price movements. The Trimmed Mean calculation helps expose the underlying inflation trend through component weighting and anomaly exclusion. Source first released in Dec 2016. 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: Dec, 19 15:30
    Importance: Medium
    Previous: 2.1%
    Forecast: -
    Actual: -
    Period: Nov
    2.1% - -
    Dec, 19 15:30
    ★★
    Median Core CPI
    Median Core CPI
    Country:
    The Median calculation helps expose the underlying inflation trend through exclusion of extreme price movements specific to certain components. Source first released in Dec 2016. 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: Dec, 19 15:30
    Importance: Medium
    Previous: 2.0%
    Forecast: -
    Actual: -
    Period: Nov
    2.0% - -
    Dec, 19 15:30
    ★★
    Common Core CPI
    Common Core CPI
    Country:
    The Common calculation helps expose the underlying inflation trend through filtering out price movements that might be caused by factors specific to certain components. Source first released in Dec 2016. 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: Dec, 19 15:30
    Importance: Medium
    Previous: 1.9%
    Forecast: -
    Actual: -
    Period: Nov
    1.9% - -
    Dec, 19 15:30
    ★★
    Consumer Price Index Core
    Consumer Price Index Core
    Country:

    CPI Excluding Core Eight

    The Consumer Price Index excluding eight items which the Bank of Canada has deemed to have the most volatility from month to month. The goods omitted tend to fluctuate idiosyncratically and may distort CPI data. The headline figure for CPI is the percentage change in the index on a month to month and year to year basis.

    Note : These Eight items include: fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, inter-city transportation and tobacco products. Changes in the CPI Excluding the Core 8 are recognized as a better indicator of inflation than the regular CPI. The headline figure is reported as a percent change on both the month to month and year to year basis.

    Date: Dec, 19 15:30
    Importance: Medium
    Previous: 0.4% m/m; 1.6% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.4% m/m; 1.6% y/y - -
    Dec, 19 15:30
    ★★★
    Consumer Price Index
    Consumer Price Index
    Country:

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

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

    Date: Dec, 19 15:30
    Importance: High
    Previous: 0.3% m/m; 2.4% y/y
    Forecast: -
    Actual: -
    Period: Nov
    0.3% m/m; 2.4% y/y - -
    Dec, 19 16:00
    NBB Business Climate
    NBB Business Climate
    Country:

    Assesses overall business environment in a country.

    Date: Dec, 19 16:00
    Importance: Low
    Previous: 0.4
    Forecast: -
    Actual: -
    Period: Dec
    0.4 - -
    Dec, 19 16:00
    Leading indicators
    Leading indicators
    Country:

    Movements in these indicators are known to precede larger developments in the rest of the economy.

    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.

    Date: Dec, 19 16:00
    Importance: Low
    Previous: 139.7; 1.2%
    Forecast: -
    Actual: -
    Period: Nov
    139.7; 1.2% - -
    Dec, 19 16:00
    SNB Quarterly Bulletin
    SNB Quarterly Bulletin
    Country:
    Tends to have a mild impact because much of the information is released 2 weeks earlier in the Monetary Policy Assessmen.
    Date: Dec, 19 16:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 19 17:00
    ★★
    Existing Home Sales
    Existing Home Sales
    Country:

    Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

    While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

    The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.

    The headline is the total value of properties sold.

    Date: Dec, 19 17:00
    Importance: Medium
    Previous: 5.22M; 1.4%
    Forecast: -
    Actual: -
    Period: Nov
    5.22M; 1.4% - -
    Dec, 19 21:00
    ★★★
    FOMC Economic Projections
    FOMC Economic Projections
    Country:

    Economic projections are collected from each member of the Board of Governors and each Federal Reserve Bank president four times a year, in connection with the Federal Open Market Committee's (FOMC’s) usual two-day meetings (typically held in January, April, June, and November). Several charts and a table that summarize those projections are released at the Chairman's press conference within hours of the meeting. Three weeks later, more detailed information is provided in the Summary of Economic Projections, which is published with the minutes of the FOMC meeting.

    Date: Dec, 19 21:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 19 21:00
    ★★★
    FOMC Statement
    FOMC Statement
    Country:

    The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on. It's the primary tool the FOMC 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.

    Date: Dec, 19 21:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 19 21:00
    ★★★
    FOMC Rate Decision
    FOMC Rate Decision
    Country:
    The main interest rates settled by the FOMC are responsible for driving inflation in accordance with the monetary policy adopted by the FED. One of the rates in mind is the overnight borrowing rate and the Federal Reserve’s Cash Rate Target (FRCRT). The latter affects interest rates for consumer loans, mortgages, bonds or others. The actual changes to the interest rates have a direct impact on the US dollar. However, the market expectation, in respect to future monetary policy, plays a part that is even more significant for the market. In such circumstances, any indirect information that provides hints to future FED monetary policy, and thus influences the market expectations in respect to the interest rates, may have a significant impact on the US currency. Typically, an increase of the interest rates, or expectations of such an increase, provide fundamental support to the US dollar. The lower interest rates may have a negative impact on the US currency.
    Date: Dec, 19 21:00
    Importance: High
    Previous: 2.25%
    Forecast: 2.25%
    Actual: -
    Period: Dec
    2.25% 2.25% -
    Dec, 19 21:30
    ★★★
    FOMC Press Conference
    FOMC Press Conference
    Country:

    The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The FOMC conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

    Date: Dec, 19 21:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 19 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: Dec, 19 23:45
    Importance: Medium
    Previous: -1295M; -5786M
    Forecast: -
    Actual: -
    Period: Nov
    -1295M; -5786M - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 19 23:45
    ★★★
    GDP
    GDP
    Country:

    A comprehensive measure of a New Zealand 's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. Economic expansion, indicated by a growing GDP, raises concerns about inflationary pressure.

    GDP calculates the total market value of goods and services produced in New Zealand 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. It is calculated as:

    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 headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. These are the preliminary figures, and are usually revised every following month.

    Date: Dec, 19 23:45
    Importance: High
    Previous: 1.0% q/q; 2.8% y/y
    Forecast: -
    Actual: -
    Period: 3 quarter
    1.0% q/q; 2.8% y/y - -
    Dec, 20 02:30
    Participation Rate
    Participation Rate
    Country:

    A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases.

    Date: Dec, 20 02:30
    Importance: Low
    Previous: 65.6%
    Forecast: -
    Actual: -
    Period: Nov
    65.6% - -
    Dec, 20 02:30
    ★★
    Part Time Employment Change
    Part Time Employment Change
    Country:

    Modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument.

    Date: Dec, 20 02:30
    Importance: Medium
    Previous: 42.3K; -9.5K
    Forecast: -
    Actual: -
    Period: Nov
    42.3K; -9.5K - -
    Dec, 20 02:30
    ★★★
    Employment Change
    Employment Change
    Country:

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

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

    Date: Dec, 20 02:30
    Importance: High
    Previous: 32.8K
    Forecast: -
    Actual: -
    Period: Nov
    32.8K - -
    Dec, 20 02:30
    ★★★
    Unemployment Rate
    Unemployment Rate
    Country:

    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.

    Date: Dec, 20 02:30
    Importance: High
    Previous: 5.0%
    Forecast: -
    Actual: -
    Period: Nov
    5.0% - -
    Dec, 20 04:00
    Credit Card Spending
    Credit Card Spending
    Country:

    Shows a change in the total expenditure made via credit cards.

    Date: Dec, 20 04:00
    Importance: Low
    Previous: -0.1% m/m; 6.3% y/y
    Forecast: -
    Actual: -
    Period: Nov
    -0.1% m/m; 6.3% y/y - -
    Dec, 20 06:30
    All Industry Activity Index
    All Industry Activity Index
    Country:

    Evaluates the monthly change in overall production by all sectors of the Japanese economy. The index comprises a variety of industries: service, manufacturing, construction and public sectors are included. The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion. The All Industry Activity Index is posted monthly as a percentage change from the previous month's figure.

    Date: Dec, 20 06:30
    Importance: Low
    Previous: -0.9%
    Forecast: -
    Actual: -
    Period: Oct
    -0.9% - -
    Dec, 20 08:30
    ★★★
    Bank of Japan Press Conference
    Bank of Japan Press Conference
    Country:

    Press conference of the BoJ.

    Date: Dec, 20 08:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 20 09:00
    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: Dec, 20 09:00
    Importance: Low
    Previous: 3.75bln
    Forecast: -
    Actual: -
    Period: Nov
    3.75bln - -
    Dec, 20 11:00
    Current Account (sa)
    Current Account (sa)
    Country:

      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.

    Date: Dec, 20 11:00
    Importance: Low
    Previous: 17.0bln; 24.1В
    Forecast: -
    Actual: -
    Period: Oct
    17.0bln; 24.1В - -
    Dec, 20 11:30
    ★★
    Retail Sales Ex Auto Fuel
    Retail Sales Ex Auto Fuel
    Country:

    A monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence.

    Date: Dec, 20 11:30
    Importance: Medium
    Previous: -0.4% m/m; 2.7% y/y
    Forecast: -
    Actual: -
    Period: Nov
    -0.4% m/m; 2.7% y/y - -
    Dec, 20 11:30
    ★★★
    Retail Sales With Auto Fuel
    Retail Sales With Auto Fuel
    Country:

    Change in the total value of inflation-adjusted sales at the retail level with auto fuel. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

    Date: Dec, 20 11:30
    Importance: High
    Previous: -0.5% m/m; 2.2% y/y
    Forecast: -
    Actual: -
    Period: Nov
    -0.5% m/m; 2.2% y/y - -
    Dec, 20 14:00
    ★★★
    MPC Asset Purchase Facility Votes
    MPC Asset Purchase Facility Votes
    Country:

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

    Date: Dec, 20 14:00
    Importance: High
    Previous: 0-0-9
    Forecast: 0-0-9
    Actual: -
    Period: Dec
    0-0-9 0-0-9 -
    Dec, 20 14:00
    ★★★
    Monetary Policy Summary
    Monetary Policy Summary
    Country:
    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.
    Date: Dec, 20 14:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Dec, 20 14:00
    ★★★
    MPC Official Bank Rate Votes
    MPC Official Bank Rate Votes
    Country:

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

    Date: Dec, 20 14:00
    Importance: High
    Previous: 0-0-9
    Forecast: 0-0-9
    Actual: -
    Period: Dec
    0-0-9 0-0-9 -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Dec, 20 14:00
    ★★★
    Asset Purchase Facility
    Asset Purchase Facility
    Country:

    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.

    Date: Dec, 20 14:00
    Importance: High
    Previous: 435bln
    Forecast: 435bln
    Actual: -
    Period: Dec
    435bln 435bln -
    Dec, 20 14:00
    ★★★
    BoE Interest Rate Decision
    BoE Interest Rate Decision
    Country:

    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.

    Date: Dec, 20 14:00
    Importance: High
    Previous: 0.75%
    Forecast: 0.75%
    Actual: -
    Period: Dec
    0.75% 0.75% -
    Dec, 20 15:30
    ★★
    Philadelphia Fed Manufacturing Index
    Philadelphia Fed Manufacturing Index
    Country:

    It is a survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure.

    Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar.

    Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

    Date: Dec, 20 15:30
    Importance: Medium
    Previous: 12.9
    Forecast: -
    Actual: -
    Period: Dec
    12.9 - -
    Dec, 20 15:30
    Wholesale Sales
    Wholesale Sales
    Country:

    The value of sales made by Canadian wholesalers. Wholesalers sell to industries and retailers in quantities far larger than most consumers are willing to purchase. Given that growth in Wholesale Trade usually precedes increases in retail trade and consumption, changes in Wholesale Sales can be used as an early indicator for the overall direction of the retail sector, consumption and the economy. The headline figure reports the monthly percentage change in Wholesale Sales, seasonally adjusted to account for variations in demand due to seasonal cycles.

    These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment etc.

    Date: Dec, 20 15:30
    Importance: Low
    Previous: -0.5%
    Forecast: -
    Actual: -
    Period: Oct
    -0.5% - -
    Dec, 20 15:30
    ★★
    ADP Non-Farm Employment Change
    ADP Non-Farm Employment Change
    Country:
    Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. ADP analyzes payroll data from more than 2 million workers to derive employment growth estimations.
    Date: Dec, 20 15:30
    Importance: Medium
    Previous: -23.0K
    Forecast: -
    Actual: -
    Period: Nov
    -23.0K - -
    Dec, 20 17:00
    Leading Index
    Leading Index
    Country:

    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.

    Date: Dec, 20 17:00
    Importance: Low
    Previous: 112.1; 0.1%
    Forecast: -
    Actual: -
    Period: Nov
    112.1; 0.1% - -
    Dec, 20 23:45
    Visitor Arrivals
    Visitor Arrivals
    Country:
    The Visitor Arrivals released by the Statistics New Zealand measures the number of visitors to New Zealand. As the tourism industry dominates a large part of the total GDP, the visitor arrivals is an important indicator of the overall economic condition in New Zealand.
    Date: Dec, 20 23:45
    Importance: Low
    Previous: 4.0%
    Forecast: -
    Actual: -
    Period: Nov
    4.0% - -
    Dec, 21 01:30
    ★★
    National CPI ex fresh food & energy
    National CPI ex fresh food & energy
    Country:

    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.

    Date: Dec, 21 01:30
    Importance: Medium
    Previous: 0.4%
    Forecast: -
    Actual: -
    Period: Nov
    0.4% - -
    Dec, 21 01:30
    ★★
    National CPI ex Fresh Food
    National CPI ex Fresh Food
    Country:

    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.

    Date: Dec, 21 01:30
    Importance: Medium
    Previous: 1.0%
    Forecast: -
    Actual: -
    Period: Nov
    1.0% - -
    Dec, 21 01:30
    ★★★
    National CPI
    National CPI
    Country:

    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.

    Date: Dec, 21 01:30
    Importance: High
    Previous: 1.4%
    Forecast: -
    Actual: -
    Period: Nov
    1.4% - -
    Dec, 21 02:01
    GfK Consumer Confidence Survey
    GfK Consumer Confidence Survey
    Country:

    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.

    Date: Dec, 21 02:01
    Importance: Low
    Previous: -13
    Forecast: -
    Actual: -
    Period: Dec
    -13 - -
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