• Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 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: Feb, 20 15:30
    Importance: Low
    Previous: 0.7% m/m
    Forecast: 0.4% m/m
    Actual: -
    Period: Dec
    0.7% m/m 0.4% m/m -
    Feb, 20 17:00
    Consumer Confidence
    Consumer Confidence
    Country:

    Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

    A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

    Date: Feb, 20 17:00
    Importance: Low
    Previous: 1.3
    Forecast: 1.0
    Actual: -
    Period: Feb
    1.3 1.0 -
    Feb, 21 02:30
    ★★
    Construction Work Done
    Construction Work Done
    Country:
    The estimate for total construction work done. The estimate is published some time after the house-foundations laying data release and serves as a GDP indicator.
    Date: Feb, 21 02:30
    Importance: Medium
    Previous: 15.7%q/q
    Forecast: -9.8%q/q
    Actual: -
    Period: 4 quarter
    15.7%q/q -9.8%q/q -
    Feb, 21 02:30
    ★★
    Wage Price Index
    Wage Price Index
    Country:
    The Wage Price Index measures the change in the price businesses and the government pay for labor, excluding bonuses. It is a leading indicator of consumer price inflation. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
    Date: Feb, 21 02:30
    Importance: Medium
    Previous: 0.5% q/q; 2.0% y/y
    Forecast: 0.5% q/q; 2.0% y/y
    Actual: -
    Period: 4 quarter
    0.5% q/q; 2.0% y/y 0.5% q/q; 2.0% y/y -
    Feb, 21 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: Feb, 21 02:30
    Importance: Low
    Previous: 54.8
    Forecast: 55.2
    Actual: -
    Period: Feb
    54.8 55.2 -
    Feb, 21 06:30
    All Industries Activity
    All Industries Activity
    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: Feb, 21 06:30
    Importance: Low
    Previous: 1.0% m/m
    Forecast: 0.5% m/m
    Actual: -
    Period: Dec
    1.0% m/m 0.5% m/m -
    Feb, 21 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: Feb, 21 10:00
    Importance: Medium
    Previous: 58.4
    Forecast: 58.2
    Actual: -
    Period: Feb
    58.4 58.2 -
    Feb, 21 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: Feb, 21 10:00
    Importance: Medium
    Previous: 59.2
    Forecast: 59.1
    Actual: -
    Period: Feb
    59.2 59.1 -
    Feb, 21 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: Feb, 21 10:00
    Importance: Medium
    Previous: 59.6
    Forecast: 59.2
    Actual: -
    Period: Feb
    59.6 59.2 -
    Feb, 21 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: Feb, 21 10:30
    Importance: Medium
    Previous: 61.1
    Forecast: 60.7
    Actual: -
    Period: Feb
    61.1 60.7 -
    Feb, 21 10:30
    ★★
    Flash PMI Services
    Flash 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.
    The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

    Date: Feb, 21 10:30
    Importance: Medium
    Previous: 57.3
    Forecast: 57.2
    Actual: -
    Period: Feb
    57.3 57.2 -
    Feb, 21 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: Feb, 21 10:30
    Importance: Medium
    Previous: 59.0
    Forecast: 58.5
    Actual: -
    Period: Feb
    59.0 58.5 -
    Feb, 21 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: Feb, 21 11:00
    Importance: Medium
    Previous: 59.6
    Forecast: 59.4
    Actual: -
    Period: Feb
    59.6 59.4 -
    Feb, 21 11:00
    ★★
    Flash PMI Services
    Flash PMI Services
    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: Feb, 21 11:00
    Importance: Medium
    Previous: 58.0
    Forecast: 57.7
    Actual: -
    Period: Feb
    58.0 57.7 -
    Feb, 21 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: Feb, 21 11:00
    Importance: Medium
    Previous: 58.8
    Forecast: 58.4
    Actual: -
    Period: Feb
    58.8 58.4 -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 21 11:30
    ★★★
    Claimant Count Change
    Claimant Count Change
    Country:

    The UK claimant count provides data on those individuals who are out of work and who are claiming some sort of unemployment benefit.

    Date: Feb, 21 11:30
    Importance: High
    Previous: 8.6K
    Forecast: 2.3K
    Actual: -
    Period: Jan
    8.6K 2.3K -
    Feb, 21 11:30
    ★★
    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: Feb, 21 11:30
    Importance: Medium
    Previous: 4.3%
    Forecast: 4.3%
    Actual: -
    Period: Dec
    4.3% 4.3% -
    Feb, 21 11:30
    ★★
    Average Earnings Index
    Average Earnings Index
    Country:
    It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer. Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010
    Date: Feb, 21 11:30
    Importance: Medium
    Previous: 2.5% 3m/y; 2.4% 3m/y
    Forecast: 2.5% 3m/y; 2.4% 3m/y
    Actual: -
    Period: Dec
    2.5% 3m/y; 2.4% 3m/y 2.5% 3m/y; 2.4% 3m/y -
    Feb, 21 11:30
    ★★
    Public Sector Net Borrowing
    Public Sector Net Borrowing
    Country:
    In the U.K., the amount of expenditures less the total receipts taken in by the government. Public sector net borrowing is the measure of fiscal surpluses and deficits along with the amount of new debt created. If this number is positive, it means the U.K. is running a fiscal deficit, while a negative number represents a fiscal surplus.
    Date: Feb, 21 11:30
    Importance: Medium
    Previous: 1.0bln; 2.6bln
    Forecast: -11.0bln; -9.6В
    Actual: -
    Period: Jan
    1.0bln; 2.6bln -11.0bln; -9.6В -
    Feb, 21 16:15
    ★★
    MPC Member Silvana Tenreyro Speaks
    MPC Member Silvana Tenreyro Speaks
    Country:
    BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Feb, 21 16:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 21 16:15
    ★★
    MPC Member Andy Haldane Speaks
    MPC Member Andy Haldane Speaks
    Country:
    Andy Haldane is the Chief Economist at the Bank of England and also a voting member of the Bank’s Monetary Policy Committee since June 2014 until May 2017. He was acknowledged as being one amongst the world's 100 most influential people. His speeches are mainly focused on financial stability, monetary issues and market risks. All these topics may provide markets with a direction in the regulator’s situation assessment and its further actions.
    Date: Feb, 21 16:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 21 16:15
    ★★
    BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
    BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
    Country:
    Ben Broadbent became Deputy Governor on 1 July 2014. Prior to that, he was an external member of the Monetary Policy Committee from 1 June 2011. In addition to his membership of the Monetary Policy Committee and Financial Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and notes.
    Date: Feb, 21 16:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 21 16:15
    ★★★
    BOE Governor Mark Carney Speaks
    BOE Governor Mark Carney Speaks
    Country:

    Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.

    Date: Feb, 21 16:15
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 21 16:15
    ★★★
    Inflation Report Hearings
    Inflation Report Hearings
    Country:

    The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

    Date: Feb, 21 16:15
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 21 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: Feb, 21 16:45
    Importance: Medium
    Previous: 55.5
    Forecast: 55.5
    Actual: -
    Period: Feb
    55.5 55.5 -
    Feb, 21 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: Feb, 21 16:45
    Importance: Low
    Previous: 53.3
    Forecast: 54.2
    Actual: -
    Period: Feb
    53.3 54.2 -
    Feb, 21 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: Feb, 21 16:45
    Importance: Low
    Previous: 53.8
    Forecast: -
    Actual: -
    Period: Feb
    53.8 - -
    Feb, 21 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: Feb, 21 17:00
    Importance: Medium
    Previous: 5.57M; -3.6% m/m
    Forecast: 5.63M; 0.9% m/m
    Actual: -
    Period: Jan
    5.57M; -3.6% m/m 5.63M; 0.9% m/m -
    Feb, 21 17:30
    CB Leading Index
    CB Leading Index
    Country:
    Change in the level of a composite index based on 7 economic indicators. This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Combined reading of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads.
    Date: Feb, 21 17:30
    Importance: Low
    Previous: 104.9; 0.3% m/m
    Forecast: -
    Actual: -
    Period: Dec
    104.9; 0.3% m/m - -
    Feb, 21 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: Feb, 21 21:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: Jan
    - - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 22 04:00
    Credit Card Spending
    Credit Card Spending
    Country:

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

    Date: Feb, 22 04:00
    Importance: Low
    Previous: 0.6% m/m; 6.3% y/y
    Forecast: -
    Actual: -
    Period: Jan
    0.6% m/m; 6.3% y/y - -
    Feb, 22 07:15
    ★★
    FOMC Member Randal K. Quarles Speaks
    FOMC Member Randal K. Quarles Speaks
    Country:
    Federal Reserve Governor Randal Quarles - FOMC voting member Oct 2017 - Jan 2032. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Feb, 22 07:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 22 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: Feb, 22 09:45
    Importance: Low
    Previous: -0.1% m/m; 1.4% y/y
    Forecast: -0.1% m/m; 1.4% y/y
    Actual: -
    Period: Jan
    -0.1% m/m; 1.4% y/y -0.1% m/m; 1.4% y/y -
    Feb, 22 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: Feb, 22 11:00
    Importance: Medium
    Previous: 117.6
    Forecast: 117.2
    Actual: -
    Period: Feb
    117.6 117.2 -
    Feb, 22 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: Feb, 22 11:00
    Importance: Medium
    Previous: 127.7
    Forecast: 127.0
    Actual: -
    Period: Feb
    127.7 127.0 -
    Feb, 22 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: Feb, 22 11:00
    Importance: Medium
    Previous: 108.4
    Forecast: 107.9
    Actual: -
    Period: Feb
    108.4 107.9 -
    Feb, 22 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: Feb, 22 11:30
    Importance: Medium
    Previous: 0.5% q/q; 1.5% y/y
    Forecast: 0.5% q/q; 1.5% y/y
    Actual: -
    Period: 4 quarter
    0.5% q/q; 1.5% y/y 0.5% q/q; 1.5% y/y -
    Feb, 22 11:30
    ★★
    Business Investment
    Business Investment
    Country:

    The change in capital expenditures made by private firms. Businesses only invest when they are optimistic about future economic growth and expect a profitable return on their investments. Because of this, increased capital expenditures usually reflect a higher level of consumer demand that induces companies to expand their productive capacity. Current Business Investment usually allow for higher GDP in the future. For these reasons Business Investment may lead economic growth.

    The headline number is the percentage change in investment from the previous quarter.

    Date: Feb, 22 11:30
    Importance: Medium
    Previous: 0.5% q/q; 1.7% y/y
    Forecast: 0.4% q/q; 2.4% y/y
    Actual: -
    Period: 4 quarter
    0.5% q/q; 1.7% y/y 0.4% q/q; 2.4% y/y -
    Feb, 22 11:30
    Index of Services
    Index of Services
    Country:

    The index tracks activity in services sector.

    Date: Feb, 22 11:30
    Importance: Low
    Previous: 0.4% 3m/3m; 0.4% m/m
    Forecast: 0.1% 3m/3m; 0.0% m/m
    Actual: -
    Period: Dec
    0.4% 3m/3m; 0.4% m/m 0.1% 3m/3m; 0.0% m/m -
    Feb, 22 11:30
    30-Year Bonds Auction
    30-Year Bonds Auction
    Country:
    Date: Feb, 22 11:30
    Importance: Low
    Previous: 2.262%; 1.65
    Forecast: -
    Actual: -
    Period: Feb
    2.262%; 1.65 - -
    Feb, 22 12:00
    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 Italy , 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 Italian household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

    Date: Feb, 22 12:00
    Importance: Low
    Previous: 0.2% m/m; 0.8% y/y
    Forecast: 0.2% m/m; 0.8% y/y
    Actual: -
    Period: Jan
    0.2% m/m; 0.8% y/y 0.2% m/m; 0.8% y/y -
    Feb, 22 12:00
    Harmonized CPI
    Harmonized CPI
    Country:

    The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

    Date: Feb, 22 12:00
    Importance: Low
    Previous: -1.6% m/m; 1.1% y/y
    Forecast: -1.6% m/m; 1.1% y/y
    Actual: -
    Period: Jan
    -1.6% m/m; 1.1% y/y -1.6% m/m; 1.1% y/y -
    Feb, 22 12:00
    10-y Bond Auction
    10-y Bond Auction
    Country:
    10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
    Date: Feb, 22 12:00
    Importance: Low
    Previous: 0.98%; 2.02
    Forecast: -
    Actual: -
    Period: Feb
    0.98%; 2.02 - -
    Feb, 22 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: Feb, 22 13:00
    Importance: Low
    Previous: 12
    Forecast: 15
    Actual: -
    Period: Feb
    12 15 -
    Feb, 22 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: Feb, 22 14:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: Jan
    - - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 22 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: Feb, 22 15:30
    Importance: Medium
    Previous: 0.2% m/m; 1.6% m/m
    Forecast: -0.1% m/m; 0.0% m/m
    Actual: -
    Period: Dec
    0.2% m/m; 1.6% m/m -0.1% m/m; 0.0% m/m -
    Feb, 22 15:30
    ★★
    Unemployment Claims
    Unemployment Claims
    Country:

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

    Date: Feb, 22 15:30
    Importance: Medium
    Previous: 230K
    Forecast: 231K
    Actual: -
    Period: Feb
    230K 231K -
    Feb, 22 15:30
    Continuing Claims
    Continuing Claims
    Country:

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

    Date: Feb, 22 15:30
    Importance: Low
    Previous: 1942K
    Forecast: 1935K
    Actual: -
    Period: Feb
    1942K 1935K -
    Feb, 22 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: Feb, 22 16:00
    Importance: Low
    Previous: 1.8
    Forecast: 1.5
    Actual: -
    Period: Feb
    1.8 1.5 -
    Feb, 22 17:00
    ★★
    FOMC Member William Dudley Speaks
    FOMC Member William Dudley Speaks
    Country:
    William C. Dudley is the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.
    Date: Feb, 22 17:00
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 22 18:00
    ★★
    Crude Oil Inventories
    Crude Oil Inventories
    Country:

    The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

    Date: Feb, 22 18:00
    Importance: Medium
    Previous: 1841K
    Forecast: -
    Actual: -
    Period: Feb
    1841K - -
    Feb, 22 19:10
    ★★
    FOMC Member Raphael W. Bostic Speaks
    FOMC Member Raphael W. Bostic Speaks
    Country:
    Federal Reserve Bank of Atlanta President Raphael Bostic. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Feb, 22 19:10
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 22 22:30
    FOMC Member Robert Kaplan Speaks
    FOMC Member Robert Kaplan Speaks
    Country:
    Federal Reserve Bank of Dallas President Robert Kaplan. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Feb, 22 22:30
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 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: Feb, 22 23:45
    Importance: High
    Previous: 0.2% q/q; 0.5% q/q
    Forecast: 1.4% q/q; 0.7% q/q
    Actual: -
    Period: 4 quarter
    0.2% q/q; 0.5% q/q 1.4% q/q; 0.7% q/q -
    Feb, 23 01:30
    ★★
    National CPI ex fresh food and energy
    National CPI ex fresh food and 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: Feb, 23 01:30
    Importance: Medium
    Previous: 0.3% y/y
    Forecast: 0.3% y/y
    Actual: -
    Period: Jan
    0.3% y/y 0.3% y/y -
    Feb, 23 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: Feb, 23 01:30
    Importance: Medium
    Previous: 0.9% y/y
    Forecast: 0.8% y/y
    Actual: -
    Period: Jan
    0.9% y/y 0.8% y/y -
    Feb, 23 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: Feb, 23 01:30
    Importance: High
    Previous: 1.0% y/y
    Forecast: 1.3% y/y
    Actual: -
    Period: Jan
    1.0% y/y 1.3% y/y -
    Feb, 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: Feb, 23 09:00
    Importance: Low
    Previous: 0.6% q/q; 2.3% y/y
    Forecast: 0.6% q/q; 2.3% y/y
    Actual: -
    Period: 4 quarter
    0.6% q/q; 2.3% y/y 0.6% q/q; 2.3% y/y -
    Feb, 23 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: Feb, 23 12:00
    Importance: Low
    Previous: 1.0% y/y
    Forecast: 1.0% y/y
    Actual: -
    Period: Jan
    1.0% y/y 1.0% y/y -
    Feb, 23 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: Feb, 23 12:00
    Importance: Medium
    Previous: 1.3% y/y
    Forecast: 1.3% y/y
    Actual: -
    Period: Jan
    1.3% y/y 1.3% y/y -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 23 14:00
    ★★
    BOE Deputy Governor for Markets and Banking Sir David Ramsden Speaks
    BOE Deputy Governor for Markets and Banking Sir David Ramsden Speaks
    Country:
    BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy
    Date: Feb, 23 14:00
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 23 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: Feb, 23 15:30
    Importance: Medium
    Previous: 1.9% y/y
    Forecast: -
    Actual: -
    Period: Jan
    1.9% y/y - -
    Feb, 23 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: Feb, 23 15:30
    Importance: Medium
    Previous: 1.9% y/y
    Forecast: -
    Actual: -
    Period: Jan
    1.9% y/y - -
    Feb, 23 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: Feb, 23 15:30
    Importance: Medium
    Previous: 1.6% y/y
    Forecast: -
    Actual: -
    Period: Jan
    1.6% y/y - -
    Feb, 23 15:30
    ★★
    Core CPI
    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. Volatile items account for about a quarter of CPI but they tend to be very volatile and distort the underlying trend. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported.
    Date: Feb, 23 15:30
    Importance: Medium
    Previous: -0.5% m/m; 1.2% y/y
    Forecast: -
    Actual: -
    Period: Jan
    -0.5% m/m; 1.2% y/y - -
    Feb, 23 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: Feb, 23 15:30
    Importance: High
    Previous: -0.4% m/m; 1.9% y/y
    Forecast: 0.5% m/m; 1.5% y/y
    Actual: -
    Period: Jan
    -0.4% m/m; 1.9% y/y 0.5% m/m; 1.5% y/y -
    Feb, 23 17:15
    ★★
    FOMC Member William Dudley Speaks
    FOMC Member William Dudley Speaks
    Country:
    William C. Dudley is the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.
    Date: Feb, 23 17:15
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 23 17:15
    FOMC Member Eric Rosengren Speaks
    FOMC Member Eric Rosengren Speaks
    Country:
    Federal Reserve Bank of Boston President and Federal Open Market Committee (FOMC) voting member( March 2011 - today) Eric S. Rosengren to speak. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy. His comments may determine a short-term positive or negative trend.
    Date: Feb, 23 17:15
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 23 18:00
    Fed Monetary Policy Report
    Fed Monetary Policy Report
    Country:
    Report provides a summary of discussions of the conduct of monetary policy and economic developments and prospects for the future. It is submitted, along with testimony from the Federal Reserve Chair, to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services.
    Date: Feb, 23 18:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 23 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: Feb, 23 20:00
    Importance: Low
    Previous: 975
    Forecast: -
    Actual: -
    Period: Feb
    975 - -
    Feb, 23 20:30
    ★★
    FOMC Member Loretta Mester Speaks
    FOMC Member Loretta Mester Speaks
    Country:
    Federal Reserve Bank of Cleveland President Loretta Mester. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Feb, 23 20:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 23 22:40
    ★★
    FOMC Member John C. Williams Speaks
    FOMC Member John C. Williams Speaks
    Country:

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

    Date: Feb, 23 22:40
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Feb, 24 02:00
    HIA New Home Sales
    HIA New Home Sales
    Country:
    The estimate measures consumer confidence. The estimate growth commonly has a positive effect on the currency rate.
    Date: Feb, 24 02:00
    Importance: Low
    Previous: 0.7% m/m
    Forecast: -
    Actual: -
    Period: Jan
    0.7% m/m - -
    Feb, 26 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: Feb, 26 11:30
    Importance: Low
    Previous: 36.1K
    Forecast: -
    Actual: -
    Period: Jan
    36.1K - -
    Feb, 26 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: Feb, 26 17:00
    Importance: Medium
    Previous: 625K; -9.3% m/m
    Forecast: -
    Actual: -
    Period: Jan
    625K; -9.3% m/m - -
  • Date
    GMT+02:00
    Event Previous Forecast Actual
    Feb, 26 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: Feb, 26 23:45
    Importance: Medium
    Previous: 640M; -2837M
    Forecast: -
    Actual: -
    Period: Jan
    640M; -2837M - -
    Feb, 27 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: Feb, 27 07:00
    Importance: Low
    Previous: 0.7% y/y
    Forecast: -
    Actual: -
    Period: Jan
    0.7% y/y - -
    Feb, 27 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: Feb, 27 10:00
    Importance: Low
    Previous: 0.6% y/y
    Forecast: -
    Actual: -
    Period: Feb
    0.6% y/y - -
    Feb, 27 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: Feb, 27 11:00
    Importance: Low
    Previous: 2.8% y/y
    Forecast: -
    Actual: -
    Period: Jan
    2.8% y/y - -
    Feb, 27 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: Feb, 27 11:00
    Importance: Medium
    Previous: 4.6% y/y
    Forecast: -
    Actual: -
    Period: Jan
    4.6% y/y - -
    Feb, 27 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: Feb, 27 15:00
    Importance: Medium
    Previous: -0.7% m/m; 1.6% y/y
    Forecast: -
    Actual: -
    Period: Feb
    -0.7% m/m; 1.6% y/y - -
    Feb, 27 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: Feb, 27 15:00
    Importance: Medium
    Previous: -1.0% m/m; 1.4% y/y
    Forecast: -
    Actual: -
    Period: Feb
    -1.0% m/m; 1.4% y/y - -
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