Date
GMT+01:00
Event Value
Aug, 14 14:15
★★
Capacity Utilization
Capacity Utilization
Country:
Date: Aug, 14 14:15
Importance: Medium
Previous: 68.6%
Forecast: 70.3%
Actual: -
Period: Jul

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

68.6%
Aug, 14 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Aug, 14 14:15
Importance: Medium
Previous: 5.4%
Forecast: 3.1%
Actual: -
Period: Jul

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

5.4%
Aug, 14 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: Aug, 14 14:15
Importance: Low
Previous: 7.2%
Forecast: 3.0%
Actual: -
Period: Jul

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

7.2%
Aug, 14 15:00
Business Inventories
Business Inventories
Country:
Date: Aug, 14 15:00
Importance: Low
Previous: -2.3%
Forecast: -1.1%
Actual: -
Period: Jun

Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.

Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow down, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.

Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .

While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

The headline number is expressed as a percentage change from the previous month.

-2.3%
Aug, 14 15:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: Aug, 14 15:00
Importance: Low
Previous: 3.0%; 2.6%
Forecast: -
Actual: -
Period: Aug
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
3.0%; 2.6%
Aug, 14 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Aug, 14 18:00
Importance: Low
Previous: 247
Forecast: -
Actual: -
Period: Aug
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
247
Aug, 15 00:01
Rightmove House Prices
Rightmove House Prices
Country:
Date: Aug, 15 00:01
Importance: Low
Previous: 1.9% m/m; 2.9% y/y
Forecast: -
Actual: -
Period: Jun

House prices index in Great Britain.

1.9% m/m; 2.9% y/y
Aug, 15 15:00
Mortgage Delinquencies
Mortgage Delinquencies
Country:
Date: Aug, 15 15:00
Importance: Low
Previous: 4.36%
Forecast: -
Actual: -
Period: 2 quarter

A home loan for which the borrower has failed to make payments as required in the loan documents. If the borrower can't bring the payments on a delinquent mortgage current within a certain time period, the lender may begin foreclosure proceedings. A lender may also offer a borrower a number of options to help prevent foreclosure when a mortgage becomes delinquent.

4.36%
Aug, 17 05:30
Industrial Production
Industrial Production
Country:
Date: Aug, 17 05:30
Importance: Low
Previous: 2.7% m/m; -17.7% y/y
Forecast: 2.7% m/m; -17.7% y/y
Actual: -
Period: Jun

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

2.7% m/m; -17.7% y/y
Aug, 17 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Aug, 17 13:30
Importance: Low
Previous: 22.41bln
Forecast: -
Actual: -
Period: Jun

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

22.41bln
Aug, 17 13:30
NY Fed Empire State manufacturing index
NY Fed Empire State manufacturing index
Country:
Date: Aug, 17 13:30
Importance: Low
Previous: 17.2
Forecast: -
Actual: -
Period: Aug

  Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

17.2
Aug, 17 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Aug, 17 15:00
Importance: Low
Previous: 72
Forecast: -
Actual: -
Period: Aug

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

72
Aug, 17 21:00
TICS
TICS
Country:
Date: Aug, 17 21:00
Importance: Low
Previous: 127.0bln
Forecast: -
Actual: -
Period: Jun

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

127.0bln
Aug, 18 02:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Aug, 18 02:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
Aug, 18 04:35
30-Year JGB Auction
30-Year JGB Auction
Country:
Date: Aug, 18 04:35
Importance: Low
Previous: 0.612%; 3.92
Forecast: -
Actual: -
Period: Aug
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
0.612%; 3.92
Aug, 18 10:30
30-y Bond Auction
30-y Bond Auction
Country:
Date: Aug, 18 10:30
Importance: Low
Previous: 0.683%; 1.78
Forecast: -
Actual: -
Period: Aug
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
0.683%; 1.78
Aug, 18 13:30
Manufacturing Shipments
Manufacturing Shipments
Country:
Date: Aug, 18 13:30
Importance: Low
Previous: 10.7%
Forecast: -
Actual: -
Period: Jun

CManufacturing Shipments - also known as "shipments of goods of own manufacture" - report the production of goods produced by Canadian establishments in the "Manufacturing Sector (NAICS 31-33)". It measures the Dollar value, not the quantity of manufactured goods produced.

10.7%
Aug, 18 13:30
★★
Building Permits
Building Permits
Country:
Date: Aug, 18 13:30
Importance: Medium
Previous: 1241K; 2.1%
Forecast: -
Actual: -
Period: Jul

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1241K; 2.1%
Aug, 18 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Aug, 18 13:30
Importance: Medium
Previous: 1186K; 17.3%
Forecast: -
Actual: -
Period: Jul

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1186K; 17.3%
Aug, 18 15:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Aug, 18 15:30
Importance: Low
Previous: 107.1; -0.4%
Forecast: -
Actual: -
Period: Jun

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

107.1; -0.4%
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