| Date GMT+01:00 |
Event | Value | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun, 05 08:00 |
★
|
Foreign Currency Reserves
Foreign Currency Reserves
This is the amount of foreign currency reserves that are held by the Central Bank of a country. In general use, foreign currency reserves also include gold and IMF reserves. Also, people may take into account liquid assets that can easily be converted into foreign currency. |
716 | ||||||||||||||
| Jun, 05 10:00 |
★★
|
GDP revised
GDP revised
An indicator for broad overall growth in the Eurozone. Robust 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 GDP is an annualized percentage growth rate. Technically, Gross Domestic Product is calculated in the following way: GDP = C + I + G + (EX - IM) Technical note : GDP is the total market value of goods and services produced in the Eurozone 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. |
0.1%; 0.8% | ||||||||||||||
| Jun, 05 10:00 |
★
|
Employment Change
Employment Change
Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures. |
0.1%; 0.5% | ||||||||||||||
| Jun, 05 10:00 |
★
|
Retail Sales
Retail Sales
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. |
0.8%; 3.7% | ||||||||||||||
| Jun, 05 13:30 |
★★★
|
Non-Farm Payrolls
Non-Farm Payrolls
One of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. The Employment Situation's has many significant figures such as: Change in Non Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings. The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate. Change in Non-farm Payrolls Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely. |
115K | ||||||||||||||