Date
GMT+00:00
Event Value
Nov, 18 23:30
MI Leading Index
MI Leading Index
Country:
Date: Nov, 18 23:30
Importance: Low
Previous: 0.0%
Forecast: -
Actual: -
Period: Oct

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

0.0%
Nov, 18 23:50
Core Machinery Orders
Core Machinery Orders
Country:
Date: Nov, 18 23:50
Importance: Low
Previous: -0.9%; 1.6%
Forecast: 2.5%; 5.4%
Actual: -
Period: Sep

Japan machinery orders received from the private sector excluding volatile orders.

-0.9%; 1.6%
Nov, 18 23:50
Trade Balance
Trade Balance
Country:
Date: Nov, 18 23:50
Importance: Low
Previous: -314.3bln; -234.6bln
Forecast: -130.0
Actual: -
Period: Oct

The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.

A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers. A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value.

Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy.

The headline figure for trade balance is expressed in millions of Yen and usually accompanied by a year-on-year percentage change figure.

-314.3bln; -234.6bln
Nov, 19 00:30
★★
Wage Cost Index
Wage Cost Index
Country:
Date: Nov, 19 00:30
Importance: Medium
Previous: 0.8%; 3.4%
Forecast: 0.8%; 3.4%
Actual: -
Period: 3 quarter

Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.

The headline figure is the quarterly percentage change in the Labor Price Index.

Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index

The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation

0.8%; 3.4%
Nov, 19 07:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Nov, 19 07:00
Importance: High
Previous: 0.0%; 3.8%
Forecast: 0.4%; 3.6%
Actual: -
Period: Oct

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.

0.0%; 3.8%
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