Date
GMT+00:00
Event Value
Nov, 21 23:30
★★★
National CPI
National CPI
Country:
Date: Nov, 21 23:30
Importance: High
Previous: 1.2%
Forecast: 1.4%
Actual: -
Period: Oct

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.

1.2%
Nov, 22 12:30
★★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: Nov, 22 12:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Oct
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
Nov, 23 13:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Nov, 23 13:30
Importance: High
Previous: -0.4% m/m; 2.2% y/y
Forecast: 0.1% m/m; 2.2% y/y
Actual: -
Period: Oct

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.

-0.4% m/m; 2.2% y/y
Nov, 27 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Nov, 27 15:00
Importance: High
Previous: 137.9
Forecast: -
Actual: -
Period: Nov

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.

137.9
Nov, 27 20:00
★★★
RBNZ Financial Stability Report
RBNZ Financial Stability Report
Country:
Date: Nov, 27 20:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank published its first Financial Stability Report (FSR) in October 2004. The Financial Stability Report is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.

Nov, 29 00:30
★★★
Private Capital Expenditure
Private Capital Expenditure
Country:
Date: Nov, 29 00:30
Importance: High
Previous: -2.5%
Forecast: -
Actual: -
Period: 3 quarter

The release is published every quarter, and about 60 days after the quarter ends. It is published by the Australian Bureau of Statistics, and measures the alteration in the overall inflation-amended value (real value) of new capital investments produced by private businesses. The data release is important for traders, as it is a top indicator of Australia’s economic health. Additionally, a change in the investment levels for businesses is usually a sign for future economic movement, including earning, spending and hiring.

-2.5%
Nov, 29 19:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: Nov, 29 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

Nov, 30 01:00
★★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Nov, 30 01:00
Importance: High
Previous: 50.2
Forecast: -
Actual: -
Period: Nov

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.

50.2
Nov, 30 10:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Nov, 30 10:00
Importance: High
Previous: 2.2%
Forecast: -
Actual: -
Period: Nov

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.

2.2%
Nov, 30 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Nov, 30 13:30
Importance: High
Previous: 0.1% m/m; 2.5% y/y
Forecast: -
Actual: -
Period: Sep

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.

0.1% m/m; 2.5% y/y
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