Date
GMT+01:00
Event Value
Jul, 26 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Jul, 26 06:00
Importance: Low
Previous: 0.0%
Forecast: 0.0%
Actual: -
Period: Jun
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.
0.0%
Jul, 26 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 101.8
Forecast: 102.3
Actual: -
Period: Jul

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.

101.8
Jul, 26 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 99.6
Forecast: 101.6
Actual: -
Period: Jul

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 Current Assessment
Measures current German business conditions, without considering future expectations.

99.6
Jul, 26 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 104.0
Forecast: 103.3
Actual: -
Period: Jul

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.

104.0
Jul, 26 12:00
★★
MPC Member Gertjan Vlieghe Speaks
MPC Member Gertjan Vlieghe Speaks
Country:
Date: Jul, 26 12:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Vlieghe was an economic assistant to Lord Mervyn King at the Bank of England. He then worked as a bond strategist and director at the Deutsche Bank. Later, he worked as a senior economist at Brevan Howard, a hedge fund based in London. On 28 July 2015, it was announced that he would replace David Miles in September 2015 in the nine-member Monetary Policy Committee (MPC) of the Bank of England.
Jul, 26 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Jul, 26 14:00
Importance: Low
Previous: 9.8
Forecast: 10.3
Actual: -
Period: Jul

Assesses overall business environment in a country.

9.8
Jul, 26 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Jul, 26 15:00
Importance: Medium
Previous: 769K; -5.9%
Forecast: 800K; 3.5%
Actual: -
Period: Jun

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.

769K; -5.9%
Jul, 27 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Jul, 27 00:50
Importance: Low
Previous: 1.5%
Forecast: 1.4%
Actual: -
Period: Jun

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

1.5%
Jul, 27 08:30
★★★
BOJ Governor Haruhiko Kuroda Speaks
BOJ Governor Haruhiko Kuroda Speaks
Country:
Date: Jul, 27 08:30
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 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Jul, 27 09:00
Importance: Low
Previous: 8.4%
Forecast: 8.2%
Actual: -
Period: Jun

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.

8.4%
Jul, 27 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Jul, 27 09:00
Importance: Low
Previous: 3.9%
Forecast: 4.0%
Actual: -
Period: Jun

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

3.9%
Jul, 27 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Jul, 27 11:00
Importance: Low
Previous: 25
Forecast: 21
Actual: -
Period: Jul

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

25
Jul, 27 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Jul, 27 13:30
Importance: Medium
Previous: 2.3% m/m; 0.3% m/m
Forecast: 2.1%; 0.8%
Actual: -
Period: Jun

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.

2.3% m/m; 0.3% m/m
Jul, 27 13:35
★★
RBA Deputy Governor Guy Debelle Speaks
RBA Deputy Governor Guy Debelle Speaks
Country:
Date: Jul, 27 13:35
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Guy Debelle commenced as Deputy Governor of the Reserve Bank of Australia on 18 September 2016. He is Deputy Chair of the Reserve Bank Board and Chair of the Reserve Bank's Risk Management Committee.
Jul, 27 14:00
House Price Index
House Price Index
Country:
Date: Jul, 27 14:00
Importance: Low
Previous: 1.8%
Forecast: 1.6%
Actual: -
Period: May

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.

1.8%
Jul, 27 14:00
Case-Shiller 20 City
Case-Shiller 20 City
Country:
Date: Jul, 27 14:00
Importance: Low
Previous: 14.9%
Forecast: 16.5%
Actual: -
Period: May
The S&P Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
14.9%
Jul, 27 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Jul, 27 15:00
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, 27 15:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Jul, 27 15:00
Importance: Low
Previous: 22
Forecast: 20
Actual: -
Period: Jul

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.

22
Jul, 28 00:01
BRC Shop Price Index
BRC Shop Price Index
Country:
Date: Jul, 28 00:01
Importance: Low
Previous: -0.7%
Forecast: -
Actual: -
Period: Jul
Change in the price of goods purchased at BRC-member retail stores. Leads the government-released consumer inflation data by about 10 days, but has a narrower scope as it only includes goods purchased from retailers who belong to the BRC. This data is usually released 1 day before the Bank of England interest rate decision. Full reports are only available to BRC subscribers.
-0.7%
Jul, 28 00:50
Summary of Opinions
Summary of Opinions
Country:
Date: Jul, 28 00:50
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
This report includes the BOJ's projection for inflation and economic growth. It's the primary tool the BOJ uses to communicate their economic and monetary projections to investors.
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