Date
GMT+01:00
Event Value
Aug, 21 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: Aug, 21 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Aug

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.

Aug, 21 13:30
★★
Wholesale Sales
Wholesale Sales
Country:
Date: Aug, 21 13:30
Importance: Medium
Previous: 0.9% m/m
Forecast: 0.6% m/m
Actual: -
Period: Jun

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.

0.9% m/m
Aug, 21 13:30
★★
Wholesale Sales
Wholesale Sales
Country:
Date: Aug, 21 13:30
Importance: Medium
Previous: 0.9% m/m
Forecast: 0.6% m/m
Actual: -
Period: Jun

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.

0.9% m/m
Aug, 21 15:30
CB Leading Index
CB Leading Index
Country:
Date: Aug, 21 15:30
Importance: Low
Previous: 110.1; 0.1% m/m
Forecast: -
Actual: -
Period: Jun
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.
110.1; 0.1% m/m
Aug, 22 07:00
Trade Balance
Trade Balance
Country:
Date: Aug, 22 07:00
Importance: Low
Previous: 2.81bln
Forecast: 2.88bln
Actual: -
Period: Jul

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

2.81bln
Aug, 22 09:30
★★
Public Sector Net Borrowing
Public Sector Net Borrowing
Country:
Date: Aug, 22 09:30
Importance: Medium
Previous: 6.3bln; 6.9В
Forecast: 0.4bln; 1.0В
Actual: -
Period: Jul
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.
6.3bln; 6.9В
Aug, 22 10:00
★★
ZEW Current Situation
ZEW Current Situation
Country:
Date: Aug, 22 10:00
Importance: Medium
Previous: 86.4
Forecast: 85.5
Actual: -
Period: Aug

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.

86.4
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