• Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 22 11:00
    Bundesbank Monthly Report
    Bundesbank Monthly Report
    Country:

    Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

    Date: Jan, 22 11:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jan, 22 13:30
    ★★
    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: Jan, 22 13:30
    Importance: Medium
    Previous: 1.5% m/m
    Forecast: -
    Actual: -
    Period: Nov
    1.5% m/m - -
    Jan, 23 04:30
    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: Jan, 23 04:30
    Importance: Low
    Previous: 0.3% m/m
    Forecast: -
    Actual: -
    Period: Nov
    0.3% m/m - -
    Jan, 23 06:30
    ★★★
    BOJ Press Conference
    BOJ Press Conference
    Country:
    It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.
    Date: Jan, 23 06:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jan, 23 09:30
    ★★
    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: Jan, 23 09:30
    Importance: Medium
    Previous: 8.1bln; 8.7bln
    Forecast: -
    Actual: -
    Period: Dec
    8.1bln; 8.7bln - -
    Jan, 23 10:00
    ★★
    ZEW Economic Sentiment
    ZEW Economic Sentiment
    Country:

    A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

    Experts are asked for a qualitative assessment of the direction of inflation, interest rates, exchange rates and the stock market in the next six months. Thus the indicator provides a medium-term forecast for the German economy.

    Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

    Date: Jan, 23 10:00
    Importance: Medium
    Previous: 17.4
    Forecast: -
    Actual: -
    Period: Jan
    17.4 - -
    Jan, 23 10:00
    ★★
    ZEW Current Situation
    ZEW Current Situation
    Country:

    A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

    Unlike the Economic Sentiment Indicator which looks into the future direction of the economy, the Current Situation Indicator focuses on the results of the survey that relate to the current health of the German economy. Expert opinions on whether the current situation is improved, worsened, or unchanged are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a stronger economy and better business climate.

    Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

    Date: Jan, 23 10:00
    Importance: Medium
    Previous: 89.3
    Forecast: -
    Actual: -
    Period: Jan
    89.3 - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 23 10:00
    ★★
    ZEW Economic Sentiment
    ZEW Economic Sentiment
    Country:
    Survey of about 275 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone. It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity. Above 0.0 indicates optimism, below indicates pessimism. The ZEW survey is historically focused on the German economy, and Germany tends to lead the Eurozone economy, so this overall Eurozone outlook tends to be overshadowed by the German data released at the same time.
    Date: Jan, 23 10:00
    Importance: Medium
    Previous: 29.0
    Forecast: -
    Actual: -
    Period: Jan
    29.0 - -
    Jan, 23 11:00
    CBI Industrial Order Expectations
    CBI Industrial Order Expectations
    Country:

    This index characterizes the volume of new orders in the industrial sector. The growth of industrial orders is a sign that the economy expands. Increase in orders leads to higher employment in the industry.
    Increase in orders will lead to further growth in manufacturing, and hence lead to growth of the national currency and domestic stock market. In the bond market, this leads to an increase in profitability of government securities. The index is certainly important for the market. Sometimes a strong deviation from the forecast values of the index can cause a strong change of the pound sterling rate. Certainly, the indicator is not able to deploy the prevailing trend.

    Date: Jan, 23 11:00
    Importance: Low
    Previous: 17
    Forecast: -
    Actual: -
    Period: Jan
    17 - -
    Jan, 23 15:00
    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: Jan, 23 15:00
    Importance: Low
    Previous: 0.5
    Forecast: -
    Actual: -
    Period: Jan
    0.5 - -
    Jan, 23 15:00
    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: Jan, 23 15:00
    Importance: Low
    Previous: 0.5
    Forecast: -
    Actual: -
    Period: Jan
    0.5 - -
    Jan, 23 15:00
    Richmond Fed Manufacturing Index
    Richmond Fed Manufacturing Index
    Country:

    Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

    Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

    The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

    Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

    Date: Jan, 23 15:00
    Importance: Low
    Previous: 20
    Forecast: -
    Actual: -
    Period: Jan
    20 - -
    Jan, 23 23:50
    Trade Balance
    Trade Balance
    Country:

    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.

    Date: Jan, 23 23:50
    Importance: Low
    Previous: 364.1В; 113.4В
    Forecast: -
    Actual: -
    Period: Dec
    364.1В; 113.4В - -
    Jan, 24 00:30
    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: Jan, 24 00:30
    Importance: Low
    Previous: 54.0
    Forecast: -
    Actual: -
    Period: Jan
    54.0 - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 24 02:00
    Credit Card Spending
    Credit Card Spending
    Country:

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

    Date: Jan, 24 02:00
    Importance: Low
    Previous: 0.8% m/m; 9.1% y/y
    Forecast: -
    Actual: -
    Period: Dec
    0.8% m/m; 9.1% y/y - -
    Jan, 24 08:00
    ★★
    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: Jan, 24 08:00
    Importance: Medium
    Previous: 59.6
    Forecast: -
    Actual: -
    Period: Jan
    59.6 - -
    Jan, 24 08:00
    ★★
    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: Jan, 24 08:00
    Importance: Medium
    Previous: 59.1
    Forecast: -
    Actual: -
    Period: Jan
    59.1 - -
    Jan, 24 08:00
    ★★
    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: Jan, 24 08:00
    Importance: Medium
    Previous: 58.8
    Forecast: -
    Actual: -
    Period: Jan
    58.8 - -
    Jan, 24 08:30
    ★★
    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: Jan, 24 08:30
    Importance: Medium
    Previous: 58.9
    Forecast: -
    Actual: -
    Period: Jan
    58.9 - -
    Jan, 24 08:30
    ★★
    Flash Services PMI
    Flash Services PMI
    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: Jan, 24 08:30
    Importance: Medium
    Previous: 55.8
    Forecast: -
    Actual: -
    Period: Jan
    55.8 - -
    Jan, 24 08:30
    ★★
    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: Jan, 24 08:30
    Importance: Medium
    Previous: 63.3
    Forecast: -
    Actual: -
    Period: Jan
    63.3 - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 24 09:00
    ★★
    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: Jan, 24 09:00
    Importance: Medium
    Previous: 58.1
    Forecast: -
    Actual: -
    Period: Jan
    58.1 - -
    Jan, 24 09:00
    ★★
    Flash Services PMI
    Flash Services PMI
    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: Jan, 24 09:00
    Importance: Medium
    Previous: 56.6
    Forecast: -
    Actual: -
    Period: Jan
    56.6 - -
    Jan, 24 09:00
    ★★
    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: Jan, 24 09:00
    Importance: Medium
    Previous: 60.6
    Forecast: -
    Actual: -
    Period: Jan
    60.6 - -
    Jan, 24 09:30
    ★★
    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: Jan, 24 09:30
    Importance: Medium
    Previous: 2.5% 3m/y; 2.3% 3m/y
    Forecast: -
    Actual: -
    Period: Nov
    2.5% 3m/y; 2.3% 3m/y - -
    Jan, 24 09:30
    ★★
    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: Jan, 24 09:30
    Importance: Medium
    Previous: 4.3%
    Forecast: -
    Actual: -
    Period: Nov
    4.3% - -
    Jan, 24 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: Jan, 24 09:30
    Importance: High
    Previous: 5.9K
    Forecast: -
    Actual: -
    Period: Dec
    5.9K - -
    Jan, 24 14:45
    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: Jan, 24 14:45
    Importance: Low
    Previous: 54.1
    Forecast: -
    Actual: -
    Period: Jan
    54.1 - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 24 14:45
    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: Jan, 24 14:45
    Importance: Low
    Previous: 53.7
    Forecast: -
    Actual: -
    Period: Jan
    53.7 - -
    Jan, 24 14:45
    ★★
    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: Jan, 24 14:45
    Importance: Medium
    Previous: 55.1
    Forecast: -
    Actual: -
    Period: Jan
    55.1 - -
    Jan, 24 15:00
    ★★
    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: Jan, 24 15:00
    Importance: Medium
    Previous: 5.81M; 5.6% m/m
    Forecast: -
    Actual: -
    Period: Dec
    5.81M; 5.6% m/m - -
    Jan, 24 15:30
    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: Jan, 24 15:30
    Importance: Low
    Previous: 110.0; 0.3% m/m
    Forecast: -
    Actual: -
    Period: Nov
    110.0; 0.3% m/m - -
    Jan, 24 21:45
    ★★★
    Consumer Price Index
    Consumer Price Index
    Country:

    The headline inflation gauge for New Zealand.

    Date: Jan, 24 21:45
    Importance: High
    Previous: 0.5% q/q; 1.9% y/y
    Forecast: -
    Actual: -
    Period: 4 quarter
    0.5% q/q; 1.9% y/y - -
    Jan, 25 07:00
    GfK Consumer Climate
    GfK Consumer Climate
    Country:

    The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

    Date: Jan, 25 07:00
    Importance: Low
    Previous: 10.8
    Forecast: -
    Actual: -
    Period: Feb
    10.8 - -
    Jan, 25 08:00
    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: Jan, 25 08:00
    Importance: Low
    Previous: 16.4%
    Forecast: -
    Actual: -
    Period: 4 quarter
    16.4% - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 25 09:00
    ★★
    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: Jan, 25 09:00
    Importance: Medium
    Previous: 117.2
    Forecast: -
    Actual: -
    Period: Jan
    117.2 - -
    Jan, 25 09:00
    ★★
    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: Jan, 25 09:00
    Importance: Medium
    Previous: 125.4
    Forecast: -
    Actual: -
    Period: Jan
    125.4 - -
    Jan, 25 09:00
    ★★
    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: Jan, 25 09:00
    Importance: Medium
    Previous: 109.5
    Forecast: -
    Actual: -
    Period: Jan
    109.5 - -
    Jan, 25 09:30
    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: Jan, 25 09:30
    Importance: Low
    Previous: 39.5K
    Forecast: -
    Actual: -
    Period: Dec
    39.5K - -
    Jan, 25 11:00
    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: Jan, 25 11:00
    Importance: Low
    Previous: 20
    Forecast: -
    Actual: -
    Period: Jan
    20 - -
    Jan, 25 12:45
    ★★★
    ECB Interest Rate Decision
    ECB Interest Rate Decision
    Country:
    ECB Interest Rate Decision is announced by the European Central Bank. Usually if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
    Date: Jan, 25 12:45
    Importance: High
    Previous: 0.00%
    Forecast: 0.00%
    Actual: -
    Period: Jan
    0.00% 0.00% -
    Jan, 25 12:45
    ★★
    Deposit Facility Rate
    Deposit Facility Rate
    Country:

    Financial institutions can place surplus funds in the European Central Bank-administered Marginal Lending Facility to be loaned to institutions requiring overnight loans to meet temporary cash shortages. The Deposit Rate is the interest paid to depositors when they place funds with their respective national Central Bank within the Eurosystem.

    Date: Jan, 25 12:45
    Importance: Medium
    Previous: -0.40%
    Forecast: -0.40%
    Actual: -
    Period: Jan
    -0.40% -0.40% -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 25 12:45
    ★★
    Marginal Lending Facility
    Marginal Lending Facility
    Country:

    A mechanism that central banks use when lending funds to primary dealers. Lending facilities provide financial institutions with access to funds in order to satisfy reserve requirements using the overnight lending market. Lending facilities are also used to increase liquidity over longer periods such as by using term auction facilities.

    Date: Jan, 25 12:45
    Importance: Medium
    Previous: 0.25%
    Forecast: 0.25%
    Actual: -
    Period: Jan
    0.25% 0.25% -
    Jan, 25 13:30
    ★★★
    ECB Press Conference
    ECB Press Conference
    Country:

    The European Central Bank press conference following interest rate announcement.

    Date: Jan, 25 13:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jan, 25 13:30
    ★★
    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: Jan, 25 13:30
    Importance: Medium
    Previous: 1.5% m/m; 0.8% m/m
    Forecast: -
    Actual: -
    Period: Nov
    1.5% m/m; 0.8% m/m - -
    Jan, 25 13:30
    ★★
    Goods Trade Balance
    Goods Trade Balance
    Country:
    Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
    Date: Jan, 25 13:30
    Importance: Medium
    Previous: -69.7bln
    Forecast: -
    Actual: -
    Period: Dec
    -69.7bln - -
    Jan, 25 13:30
    Wholesale Inventories
    Wholesale Inventories
    Country:

    The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

    Wholesale Inventories are reported in headlines as a percent change from the previous month.

    Date: Jan, 25 13:30
    Importance: Low
    Previous: 0.8% m/m
    Forecast: -
    Actual: -
    Period: Dec
    0.8% m/m - -
    Jan, 25 15:00
    ★★
    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: Jan, 25 15:00
    Importance: Medium
    Previous: 733K; 17.5% m/m
    Forecast: -
    Actual: -
    Period: Dec
    733K; 17.5% m/m - -
    Jan, 25 23:30
    Tokyo CPI ex Fresh Food and Energy
    Tokyo CPI ex Fresh Food and Energy
    Country:

    An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.

    Date: Jan, 25 23:30
    Importance: Low
    Previous: 0.4% y/y
    Forecast: -
    Actual: -
    Period: Jan
    0.4% y/y - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 25 23:30
    Tokyo CPI ex Fresh Food
    Tokyo CPI ex Fresh Food
    Country:

    An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.

    Date: Jan, 25 23:30
    Importance: Low
    Previous: 0.8% y/y
    Forecast: -
    Actual: -
    Period: Jan
    0.8% y/y - -
    Jan, 25 23:30
    Tokyo CPI
    Tokyo CPI
    Country:

    Measures the rate of inflation experienced by consumers living in Tokyo on a fixed basket of goods and services. The change is calculated monthly. This reading is important because it measures the inflation in the country’s largest city. Due to the fact that Tokyo is a smaller population to survey than for the national CPI this figure can be released roughly one month before the national figure. Therefore it is a leading inflationary indicator. The volatile item excluded in a separate derivative of this report is fresh food.

    Date: Jan, 25 23:30
    Importance: Low
    Previous: 1.0% y/y
    Forecast: -
    Actual: -
    Period: Jan
    1.0% y/y - -
    Jan, 25 23:30
    ★★
    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: Jan, 25 23:30
    Importance: Medium
    Previous: 0.3% y/y
    Forecast: -
    Actual: -
    Period: Dec
    0.3% y/y - -
    Jan, 25 23:30
    ★★
    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: Jan, 25 23:30
    Importance: Medium
    Previous: 0.9% y/y
    Forecast: -
    Actual: -
    Period: Dec
    0.9% y/y - -
    Jan, 25 23:30
    ★★★
    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: Jan, 25 23:30
    Importance: High
    Previous: 0.6% y/y
    Forecast: -
    Actual: -
    Period: Dec
    0.6% y/y - -
    Jan, 25 23:50
    Monetary Policy Meeting Minutes
    Monetary Policy Meeting Minutes
    Country:
    The Bank of Japan publishes the summary from its monthly monetary policy meetings some time after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and decide the central bank’s monetary policy. The minutes usually come out late, at least a month after the meeting, but give detailed insight into the Bank of Japan’s monetary policy decision making process.
    Date: Jan, 25 23:50
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: Dec
    - - -
    Jan, 26 09:00
    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: Jan, 26 09:00
    Importance: Low
    Previous: 2.8% y/y
    Forecast: -
    Actual: -
    Period: Dec
    2.8% y/y - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 26 09:00
    ★★
    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: Jan, 26 09:00
    Importance: Medium
    Previous: 4.9% y/y
    Forecast: -
    Actual: -
    Period: Dec
    4.9% y/y - -
    Jan, 26 09:30
    Index of Services
    Index of Services
    Country:

    The index tracks activity in services sector.

    Date: Jan, 26 09:30
    Importance: Low
    Previous: 0.3% 3m/3m; 0.2% m/m
    Forecast: -
    Actual: -
    Period: Nov
    0.3% 3m/3m; 0.2% m/m - -
    Jan, 26 09:30
    ★★★
    GDP preliminary
    GDP preliminary
    Country:

    An indicator for broad overall growth in the United Kingdom. Robust UK 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 UK 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 the U.K. 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: Jan, 26 09:30
    Importance: High
    Previous: 0.4% q/q; 1.7% y/y
    Forecast: -
    Actual: -
    Period: 4 quarter
    0.4% q/q; 1.7% y/y - -
    Jan, 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: Jan, 26 13:30
    Importance: High
    Previous: 1.3% m/m; -0.1% m/m
    Forecast: -
    Actual: -
    Period: Dec
    1.3% m/m; -0.1% m/m - -
    Jan, 26 13:30
    ★★
    GDP Price Index
    GDP Price Index
    Country:

    Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

    The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

    The headline figure is the annualized percentage change.

    Date: Jan, 26 13:30
    Importance: Medium
    Previous: 2.1% q/q
    Forecast: -
    Actual: -
    Period: 4 quarter
    2.1% q/q - -
    Jan, 26 13:30
    ★★★
    Prelim GDP
    Prelim GDP
    Country:

    Gross Domestic Product (GDP) measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.

    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.

    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 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.

    Date: Jan, 26 13:30
    Importance: High
    Previous: 3.2% q/q
    Forecast: -
    Actual: -
    Period: 4 quarter
    3.2% q/q - -
    Jan, 26 13:30
    ★★
    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: Jan, 26 13:30
    Importance: Medium
    Previous: 1.8% y/y
    Forecast: -
    Actual: -
    Period: Dec
    1.8% y/y - -
  • Date
    GMT+00:00
    Event Previous Forecast Actual
    Jan, 26 13:30
    ★★
    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: Jan, 26 13:30
    Importance: Medium
    Previous: 1.9% y/y
    Forecast: -
    Actual: -
    Period: Dec
    1.9% y/y - -
    Jan, 26 13:30
    ★★
    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: Jan, 26 13:30
    Importance: Medium
    Previous: 1.5% y/y
    Forecast: -
    Actual: -
    Period: Dec
    1.5% y/y - -
    Jan, 26 13:30
    ★★
    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: Jan, 26 13:30
    Importance: Medium
    Previous: -0.1% m/m; 1.3% y/y
    Forecast: -
    Actual: -
    Period: Dec
    -0.1% m/m; 1.3% y/y - -
    Jan, 26 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: Jan, 26 13:30
    Importance: High
    Previous: 0.3% m/m; 2.1% y/y
    Forecast: -
    Actual: -
    Period: Dec
    0.3% m/m; 2.1% y/y - -
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