• Date
    GMT+01:00
    Event Previous Forecast Actual
    Jul, 27 13:30
    ★★★
    GDP
    GDP
    Country:

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

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

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

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

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

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

    Date: Jul, 27 13:30
    Importance: High
    Previous: 2.0% q/q
    Forecast: -
    Actual: -
    Period: 2 quarter
    2.0% q/q - -
    Jul, 26 13:30
    ★★★
    Durable Goods Orders
    Durable Goods Orders
    Country:

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

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

    Date: Jul, 26 13:30
    Importance: High
    Previous: -0.6% m/m; -0.3% m/m
    Forecast: -
    Actual: -
    Period: Jun
    -0.6% m/m; -0.3% m/m - -
    Jul, 26 13:30
    ★★★
    ECB Press Conference
    ECB Press Conference
    Country:

    The European Central Bank press conference following interest rate announcement.

    Date: Jul, 26 13:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jul, 26 12:45
    ★★★
    ECB Interest Rate Announcement
    ECB Interest Rate Announcement
    Country:

    The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slow inflation but can stymie growth.

    The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governors make policy goals clear and the Bank adheres to a stated inflation target of 2% changing rates accordingly to meet that goal. Because of this, rate decisions are generally well anticipated, but very important nonetheless.

    The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.

    Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy. The ECB President's language will be "hawkish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely.

    Date: Jul, 26 12:45
    Importance: High
    Previous: 0.00%
    Forecast: 0.00%
    Actual: -
    Period: Jul
    0.00% 0.00% -
    Jul, 25 02:30
    ★★★
    Consumer Price Index
    Consumer Price Index
    Country:

    The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie 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 is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.

    Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.

    Date: Jul, 25 02:30
    Importance: High
    Previous: 0.4% q/q; 1.9% y/y
    Forecast: -
    Actual: -
    Period: 2 quarter
    0.4% q/q; 1.9% y/y - -
    Jul, 20 13:30
    ★★★
    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: Jul, 20 13:30
    Importance: High
    Previous: 0.1% m/m; 2.2% y/y
    Forecast: 0.1% m/m; 2.3% y/y
    Actual: 0.1% m/m; 2.5% y/y
    Period: Jun
    0.1% m/m; 2.2% y/y 0.1% m/m; 2.3% y/y 0.1% m/m; 2.5% y/y
    Jul, 20 00:30
    ★★★
    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: Jul, 20 00:30
    Importance: High
    Previous: 0.7% y/y
    Forecast: 0.8% y/y
    Actual: 0.7% y/y
    Period: Jun
    0.7% y/y 0.8% y/y 0.7% y/y
    Jul, 19 09:30
    ★★★
    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: Jul, 19 09:30
    Importance: High
    Previous: 1.4% m/m; 4.1% y/y
    Forecast: 0.1% m/m; 3.5% y/y
    Actual: -0.5% m/m; 2.9% y/y
    Period: Jun
    1.4% m/m; 4.1% y/y 0.1% m/m; 3.5% y/y -0.5% m/m; 2.9% y/y
    Jul, 19 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: Jul, 19 02:30
    Importance: High
    Previous: 13.4K
    Forecast: 16.7K
    Actual: 50.9K
    Period: Jun
    13.4K 16.7K 50.9K
    Jul, 19 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: Jul, 19 02:30
    Importance: High
    Previous: 5.4%
    Forecast: 5.4%
    Actual: 5.4%
    Period: Jun
    5.4% 5.4% 5.4%
    Jul, 18 15:00
    ★★★
    Federal Reserve Chairman Jerome Powell Speaks
    Federal Reserve Chairman Jerome Powell Speaks
    Country:
    Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
    Date: Jul, 18 15:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jul, 18 13:30
    ★★★
    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: Jul, 18 13:30
    Importance: High
    Previous: 1301K; -4.6% m/m
    Forecast: 1330K; 2.2% m/m
    Actual: 1273K; -2.2% m/m
    Period: Jun
    1301K; -4.6% m/m 1330K; 2.2% m/m 1273K; -2.2% m/m
    Jul, 18 09:30
    ★★★
    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: Jul, 18 09:30
    Importance: High
    Previous: 0.4% m/m; 2.4% y/y
    Forecast: 0.2% m/m; 2.6% y/y
    Actual: 0.0% m/m; 2.4% y/y
    Period: Jun
    0.4% m/m; 2.4% y/y 0.2% m/m; 2.6% y/y 0.0% m/m; 2.4% y/y
    Jul, 17 15:00
    ★★★
    Federal Reserve Chairman Jerome Powell Speaks
    Federal Reserve Chairman Jerome Powell Speaks
    Country:
    Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
    Date: Jul, 17 15:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jul, 17 09:30
    ★★★
    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: Jul, 17 09:30
    Importance: High
    Previous: -3.0K
    Forecast: 2.3K
    Actual: 7.8K
    Period: Jun
    -3.0K 2.3K 7.8K
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