Date
GMT+00:00
Event Value
Feb, 26 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Feb, 26 21:45
Importance: Medium
Previous: 547M; -4309M
Forecast: -545M; -3940M
Actual: -
Period: Jan

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.

547M; -4309M
Feb, 27 00:00
★★
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Feb, 27 00:00
Importance: Medium
Previous: -13.2
Forecast: -7.9
Actual: -
Period: Feb

The results of the ANZ Bank Business survey held among businesses nationwide.

-13.2
Feb, 27 00:30
★★★
Private Capital Expenditure
Private Capital Expenditure
Country:
Date: Feb, 27 00:30
Importance: High
Previous: -0.2%
Forecast: 0.5%
Actual: -
Period: 4 quarter

The release is published every quarter, and about 60 days after the quarter ends. It is published by the Australian Bureau of Statistics, and measures the alteration in the overall inflation-amended value (real value) of new capital investments produced by private businesses. The data release is important for traders, as it is a top indicator of Australia’s economic health. Additionally, a change in the investment levels for businesses is usually a sign for future economic movement, including earning, spending and hiring.

-0.2%
Feb, 27 08:00
CPI
CPI
Country:
Date: Feb, 27 08:00
Importance: Low
Previous: 1.1%
Forecast: 0.8%
Actual: -
Period: Feb

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.

1.1%
Feb, 27 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Feb, 27 09:00
Importance: Low
Previous: 5.0%
Forecast: 5.3%
Actual: -
Period: Jan

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.

5.0%
Feb, 27 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Feb, 27 09:00
Importance: Low
Previous: 3.7%
Forecast: 3.7%
Actual: -
Period: Jan

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.

3.7%
Feb, 27 09:30
30-Year Bonds Auction
30-Year Bonds Auction
Country:
Date: Feb, 27 09:30
Importance: Low
Previous: 1.270%; 1.49
Forecast: -
Actual: -
Period: Feb
Bonds with the longest maturity.
1.270%; 1.49
Feb, 27 10:00
10-y Bond Auction
10-y Bond Auction
Country:
Date: Feb, 27 10:00
Importance: Low
Previous: 0.94%; 1.24
Forecast: -
Actual: -
Period: Feb
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.
0.94%; 1.24
Feb, 27 10:00
30-y Bond Auction
30-y Bond Auction
Country:
Date: Feb, 27 10:00
Importance: Low
Previous: 0.87%; 2.38
Forecast: -
Actual: -
Period: Feb
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.
0.87%; 2.38
Feb, 27 10:00
Consumer Confidence
Consumer Confidence
Country:
Date: Feb, 27 10:00
Importance: Low
Previous: -6.6
Forecast: -6.6
Actual: -
Period: Feb

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-6.6
Feb, 27 10:00
Consumer Confidence
Consumer Confidence
Country:
Date: Feb, 27 10:00
Importance: Low
Previous: -6.6
Forecast: -6.6
Actual: -
Period: Feb

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-6.6
Feb, 27 10:30
★★
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
Country:
Date: Feb, 27 10:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Sir Jon Cunliffe became Deputy Governor for Financial Stability on 1 November 2013. Jon is a member of the Bank’s Financial Policy and Monetary Policy Committees, the Bank’s Court of Directors and the Prudential Regulation Authority Board. His speeches may include hints of regulation changes or the assessment of economic condition.
Feb, 27 10:30
★★
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks
Country:
Date: Feb, 27 10:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Sir Jon Cunliffe became Deputy Governor for Financial Stability on 1 November 2013. Jon is a member of the Bank’s Financial Policy and Monetary Policy Committees, the Bank’s Court of Directors and the Prudential Regulation Authority Board. His speeches may include hints of regulation changes or the assessment of economic condition.
Feb, 27 13:30
★★
Current Account
Current Account
Country:
Date: Feb, 27 13:30
Importance: Medium
Previous: -9.9bln
Forecast: -8.9bln
Actual: -
Period: 4 quarter

Summarizes the flow of goods and services, income payments, and transfers in and out of Canada. The report acts as a gauge of how Canada's economy interacts with the rest of the world. Where the other side of the Balance of Payments, the Capital and Financial Accounts, deals mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a practical, non-investment basis.

The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). A positive value (current account surplus) indicates that the flow of capital from these components into Canada exceeds capital leaving the country. A negative value (current account deficit) means that there is a net capital outflow from these sources. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Canadian dollars leaving the country to make payments in a foreign currency (just as underlying surpluses act as an appreciating weight).

Canada has historically had an export oriented economy and has relied on exports (particularly oil) as the engine for economic expansion. To this day, trade surpluses form the foundation of Canadian current account surpluses.

There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released quarterly about two months after the reporting period. Additionally, many of the components that lead to the final Current Account production and trade figures are known well in advance. Lastly, since the report reflects data for a specific reporting quarter, any significant developments in the Current Account should plausibly have been already felt during that quarter and not during the release of data.

But just like GDP and Trade Balance, Current Account is central to forecasting long term developments in foreign exchange rates. It gives a detailed picture of how the Canadian economy interacts internationally, breaking down these interactions into separate components that can be tracked and often anticipated. Thus the Current Account's importance has led it to historically be one of the more important reports out of Canada .

The headline figure is the value of the Current Account denominated in Canadian Dollars.

-9.9bln
Feb, 27 13:30
★★
GDP
GDP
Country:
Date: Feb, 27 13:30
Importance: Medium
Previous: 2.1%
Forecast: 2.2%
Actual: -
Period: 4 quarter

The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.

GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

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 figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.

2.1%
Feb, 27 13:30
GDP Price Index
GDP Price Index
Country:
Date: Feb, 27 13:30
Importance: Low
Previous: 1.4%
Forecast: 1.4%
Actual: -
Period: 4 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

1.4%
Feb, 27 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Feb, 27 13:30
Importance: Medium
Previous: 2.4% m/m; -0.1% m/m
Forecast: -1.4% m/m; 0.2% m/m
Actual: -
Period: Jan

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.

2.4% m/m; -0.1% m/m
Feb, 27 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Feb, 27 13:30
Importance: Medium
Previous: 210K
Forecast: 211K
Actual: -
Period: Feb

The indicator shows the number of unemployed people in the USA.

210K
Feb, 27 13:30
Continuing Claims
Continuing Claims
Country:
Date: Feb, 27 13:30
Importance: Low
Previous: 1726K
Forecast: 1709K
Actual: -
Period: Feb

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1726K
Feb, 27 15:00
★★
Pending Home Sales
Pending Home Sales
Country:
Date: Feb, 27 15:00
Importance: Medium
Previous: -4.9% m/m; 6.8% y/y
Forecast: 2.1% m/m
Actual: -
Period: Jan

Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable income is low, or consumer confidence is low. Conversely, a rebound in the housing market is often a leading indicator of an economic recovery.

The report headline is expressed in percentage change in pending home sales from previous month.

-4.9% m/m; 6.8% y/y
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