Date
GMT+00:00
Event Value
Dec, 07 23:50
★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Dec, 07 23:50
Importance: Medium
Previous: -0.8% q/q; -3.0% q/q
Forecast: -0.8%; -3.0%
Actual: -
Period: 3 quarter

A comprehensive measure of Japan's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country\\\'s overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Yen, while negative readings are generally bearish.

Most production reports that lead to Japanese GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

-0.8% q/q; -3.0% q/q
Dec, 07 23:50
GDP Deflator
GDP Deflator
Country:
Date: Dec, 07 23:50
Importance: Low
Previous: -1.1%
Forecast: -1.1%
Actual: -
Period: 3 quarter

Broad gauge of inflationary pressures. The GDP Deflator is different from the Consumer Price Index in that it does not take into account changes in the prices of imports and tends to underestimate price changes. The Gross Domestic Product Deflator is also untimely, released quarterly about two months after the reporting period. Nonetheless, it is highly correlated with the CPI and a key indicator of inflation. Consequently, the deflator provides insight into the future direction of monetary policy as the Bank of Japan is inclined to raise interest rates when faced with higher inflation.

Specifically the deflator measures the magnitude of changes in prices for all domestically produced final goods. It is the ratio of output in current prices (nominal GDP) to inflation-adjusted output (real GDP). The headline value is the percentage change in the GDP Deflator from the previous quarter.

-1.1%
Dec, 07 23:50
Bank Lending
Bank Lending
Country:
Date: Dec, 07 23:50
Importance: Low
Previous: 0.9% y/y; 0.8% y/y
Forecast: 0.7%
Actual: -
Period: Nov

The value of all outstanding loans with Japanese banks. Bank lending is important because lending increases with increased business confidence and investment. It is particularly insightful for the Japanese economy because of the weakness that has plagued the Japanese banking sector. The headline number is for total loans and discounts and is a percentage change from the previous year.

0.9% y/y; 0.8% y/y
Dec, 07 23:50
Current Account
Current Account
Country:
Date: Dec, 07 23:50
Importance: Low
Previous: 762.7bln; 1033.7bln
Forecast: 980.0bln; 1308.5bln
Actual: -
Period: Oct
762.7bln; 1033.7bln
Dec, 08 05:00
Economy Watchers Survey
Economy Watchers Survey
Country:
Date: Dec, 08 05:00
Importance: Low
Previous: 55.5; 57.5
Forecast: 57.8; 57.3
Actual: -
Period: Nov

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, giving a detailed picture of economic trends in Japan . The survey is based on questionnaires from 'man on the street' sectors that are particularly vulnerable to business cycle turns. These segments of the economy include sectors such as retail, restaurant service and taxi driving. With this combined data the Japanese Eco Watchers report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy. The report is usually released less than two weeks after the reporting month, thus its statistics are usually very timely. The headline number is released where 50 represents the center midpoint line of boom/bust sentiment.

55.5; 57.5
Dec, 08 06:30
Change in Private Payrolls
Change in Private Payrolls
Country:
Date: Dec, 08 06:30
Importance: Low
Previous: 0.5%
Forecast: 0.5%
Actual: -
Period: 3 quarter
Change in the number of employed people, excluding the farming industry and government.
0.5%
Dec, 08 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Dec, 08 10:30
Importance: Low
Previous: -0.29%; 1.1
Forecast: -
Actual: -
Period: Dec
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
-0.29%; 1.1
Dec, 08 15:00
★★★
Overnight Rate
Overnight Rate
Country:
Date: Dec, 08 15:00
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Dec

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

0.25%
Dec, 08 15:00
★★★
BOC Rate Statement
BOC Rate Statement
Country:
Date: Dec, 08 15:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.

Dec, 08 15:00
JOLTs Job Openings
JOLTs Job Openings
Country:
Date: Dec, 08 15:00
Importance: Low
Previous: 10438K
Forecast: -
Actual: -
Period: Oct

A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and separations. The JOLTS data is published monthly and by region and industry.

10438K
Dec, 08 15:30
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Dec, 08 15:30
Importance: Medium
Previous: -909K
Forecast: -
Actual: -
Period: Dec

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

-909K
Dec, 08 18:01
10-y Bond Auction
10-y Bond Auction
Country:
Date: Dec, 08 18:01
Importance: Low
Previous: 1.444%; 2.35
Forecast: -
Actual: -
Period: Dec
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
1.444%; 2.35
Dec, 08 21:45
Manufacturing Sales
Manufacturing Sales
Country:
Date: Dec, 08 21:45
Importance: Low
Previous: 3.9%
Forecast: 4.2%
Actual: -
Period: 3 quarter
Change in the total value of sales at the manufacturing level. Released quarterly, about 70 days after the quarter ends.
3.9%
Dec, 08 22:00
★★★
RBA Governor Philip Lowe Speaks
RBA Governor Philip Lowe Speaks
Country:
Date: Dec, 08 22:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
RBA Governor Oct 2016 - Sep 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Dec, 08 23:50
★★
BSI Manufacturing Index
BSI Manufacturing Index
Country:
Date: Dec, 08 23:50
Importance: Medium
Previous: 7.0
Forecast: 5.3
Actual: -
Period: 4 quarter

Measures Level of a diffusion index based on surveyed large manufacturers. Above 0.0 indicates optimism, below indicates pessimism.

7.0
Dec, 08 23:50
M2 Money Supply + CD
M2 Money Supply + CD
Country:
Date: Dec, 08 23:50
Importance: Low
Previous: 4.2% y/y; 3.7% y/y
Forecast: 4.1%
Actual: -
Period: Nov

Measure of the money supply used by the Bank of Japan. The figure includes all currency in circulation plus all bank deposits. This indicator tends to be tracked closely with the total money supply. The figure focuses mostly on individual deposit accounts rather than institutional accounts, making it a more attractive money indicator than broad liquidity measures. The headline figure is the percentage change from the previous year.

4.2% y/y; 3.7% y/y
Dec, 09 00:01
RICS House Price Balance
RICS House Price Balance
Country:
Date: Dec, 09 00:01
Importance: Low
Previous: 70%
Forecast: 72%
Actual: -
Period: Nov

Gauge for costs of homes in the United Kingdom. The figure is based on surveyors' opinions on the state of the market, calculated as is the percent of surveyors reporting a rise in prices minus those reporting a fall. A rise in house prices indicates a strong housing market, which generally reflects a strong overall economy.

70%
Dec, 09 00:30
RBA Bulletin
RBA Bulletin
Country:
Date: Dec, 09 00:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint. Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010.
Dec, 09 01:30
★★★
CPI
CPI
Country:
Date: Dec, 09 01:30
Importance: High
Previous: 1.5%
Forecast: 2.5%
Actual: -
Period: Nov

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures.

1.5%
Dec, 09 01:30
★★
PPI
PPI
Country:
Date: Dec, 09 01:30
Importance: Medium
Previous: 13.5%
Forecast: 12.2%
Actual: -
Period: Nov

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

13.5%
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