Date
GMT+01:00
Event Value
Apr, 23 04:00
Credit Card Spending
Credit Card Spending
Country:
Date: Apr, 23 04:00
Importance: Low
Previous: 0.2% m/m; 6.4% y/y
Forecast: -
Actual: -
Period: Mar

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

0.2% m/m; 6.4% y/y
Apr, 23 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Apr, 23 06:00
Importance: Low
Previous: 0.4%
Forecast: 0.5%
Actual: -
Period: Mar
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.
0.4%
Apr, 23 07:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: Apr, 23 07:00
Importance: Low
Previous: -28.5%
Forecast: -
Actual: -
Period: Mar

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

-28.5%
Apr, 23 13:30
Wholesale Sales
Wholesale Sales
Country:
Date: Apr, 23 13:30
Importance: Low
Previous: 0.6%
Forecast: 0.1%
Actual: -
Period: Feb

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.

0.6%
Apr, 23 14:00
House Price Index
House Price Index
Country:
Date: Apr, 23 14:00
Importance: Low
Previous: 0.6%
Forecast: 0.6%
Actual: -
Period: Feb

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

0.6%
Apr, 23 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Apr, 23 15:00
Importance: Medium
Previous: 667K; 4.9%
Forecast: 647K; -3.0%
Actual: -
Period: Mar

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.

667K; 4.9%
Apr, 23 15:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Apr, 23 15:00
Importance: Low
Previous: 10
Forecast: 10
Actual: -
Period: Apr

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.

10
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