• Date
    GMT+01:00
    Event Previous Forecast Actual
    Sep, 28 13:30
    ★★★
    Gross Domestic Product
    Gross Domestic Product
    Country:

    A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

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

    Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

    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

    The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

    Date: Sep, 28 13:30
    Importance: High
    Previous: 0.0% m/m; 2.4% y/y
    Forecast: -
    Actual: -
    Period: Jul
    0.0% m/m; 2.4% y/y - -
    Sep, 28 10:00
    ★★★
    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: Sep, 28 10:00
    Importance: High
    Previous: 2.0% y/y
    Forecast: -
    Actual: -
    Period: Sep
    2.0% y/y - -
    Sep, 27 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: Sep, 27 13:30
    Importance: High
    Previous: -1.7% m/m; 0.2% m/m
    Forecast: -
    Actual: -
    Period: Aug
    -1.7% m/m; 0.2% m/m - -
    Sep, 26 23:00
    ★★★
    RBNZ Press Conference
    RBNZ Press Conference
    Country:

    Reserve Bank of New Zealand press conference. The Bank's press conference summarizes the main points of the assessment of the current situation, both in New Zealand itself and outside it. Traders and investors are trying to catch the hints of changing the current rate, that is, raising or lowering the rate, or maintaining the status quo. Unexpected comments can cause very serious movements.

    Date: Sep, 26 23:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 26 22:00
    ★★★
    RBNZ Rate Statement
    RBNZ Rate Statement
    Country:

    The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions.

    Date: Sep, 26 22:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 26 22:00
    ★★★
    Official Cash Rate
    Official Cash Rate
    Country:
    The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint.
    Date: Sep, 26 22:00
    Importance: High
    Previous: 1.75%
    Forecast: 1.75%
    Actual: -
    Period: Sep
    1.75% 1.75% -
    Sep, 26 19:30
    ★★★
    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: Sep, 26 19:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 26 19:00
    ★★★
    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: Sep, 26 19:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 26 19:00
    ★★★
    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: Sep, 26 19:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 26 19:00
    ★★★
    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: Sep, 26 19:00
    Importance: High
    Previous: 2.00%
    Forecast: 2.00%
    Actual: -
    Period: Sep
    2.00% 2.00% -
    Sep, 25 15:00
    ★★★
    Consumer Confidence
    Consumer Confidence
    Country:

    Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

    Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

    Survey results are printed in the headlines where 100 reflects a recent base year.

    Date: Sep, 25 15:00
    Importance: High
    Previous: 133.4
    Forecast: -
    Actual: -
    Period: Sep
    133.4 - -
    Sep, 21 13:45
    ★★★
    Prime Minister Theresa May Speaks
    Prime Minister Theresa May Speaks
    Country:
    United Kingdom Prime Minister Theresa May speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar.
    Date: Sep, 21 13:45
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Sep, 21 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: Sep, 21 13:30
    Importance: High
    Previous: 0.5% m/m; 3.0% y/y
    Forecast: -0.1% m/m; 2.8% y/y
    Actual: -0.1% m/m; 2.8% y/y
    Period: Aug
    0.5% m/m; 3.0% y/y -0.1% m/m; 2.8% y/y -0.1% m/m; 2.8% y/y
    Sep, 21 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: Sep, 21 00:30
    Importance: High
    Previous: 0.9% y/y
    Forecast: 1.1% y/y
    Actual: 1.3% y/y
    Period: Aug
    0.9% y/y 1.1% y/y 1.3% y/y
    Sep, 20 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: Sep, 20 09:30
    Importance: High
    Previous: 0.9% m/m; 3.8% y/y
    Forecast: -0.2% m/m; 2.3% y/y
    Actual: 0.3% m/m; 3.3% y/y
    Period: Aug
    0.9% m/m; 3.8% y/y -0.2% m/m; 2.3% y/y 0.3% m/m; 3.3% y/y
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