Date
GMT+03:00
Event Value
Jul, 27 10:30
★★★
BOJ Governor Haruhiko Kuroda Speaks
BOJ Governor Haruhiko Kuroda Speaks
Country:
Date: Jul, 27 10:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

Jul, 27 17:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Jul, 27 17:00
Importance: High
Previous: 127.3
Forecast: 124.2
Actual: -
Period: Jul

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.

127.3
Jul, 28 04:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 28 04:30
Importance: High
Previous: 0.6% q/q; 1.1% y/y
Forecast: 0.7%; 3.8%
Actual: -
Period: 2 quarter

The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar 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 is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.

Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.

0.6% q/q; 1.1% y/y
Jul, 28 15:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 28 15:30
Importance: High
Previous: 0.5% m/m; 3.6% y/y
Forecast: 0.4%; 3.2%
Actual: -
Period: Jun

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.

0.5% m/m; 3.6% y/y
Jul, 28 21:00
★★★
FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Jul, 28 21:00
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Jul
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.
0.25%
Jul, 28 21:00
★★★
FOMC Statement
FOMC Statement
Country:
Date: Jul, 28 21:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

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.

Jul, 28 21:30
★★★
FOMC Press Conference
FOMC Press Conference
Country:
Date: Jul, 28 21:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

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.

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