• Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 28 00:50
    Corporate Service Price Index
    Corporate Service Price Index
    Country:

    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.

    Date: May, 28 00:50
    Importance: Low
    Previous: 1.1%
    Forecast: 1.2%
    Actual: -
    Period: Apr
    1.1% 1.2% -
    May, 28 06:00
    BOJ Core CPI
    BOJ Core CPI
    Country:
    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.
    Date: May, 28 06:00
    Importance: Low
    Previous: 0.5%
    Forecast: -
    Actual: -
    Period: Apr
    0.5% - -
    May, 28 06:45
    ★★
    Gross Domestic Product
    Gross Domestic Product
    Country:

    The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

    Date: May, 28 06:45
    Importance: Medium
    Previous: 0.2% q/q; 1.4% y/y
    Forecast: 0.3% q/q; 1.0% y/y
    Actual: -
    Period: 1 quarter
    0.2% q/q; 1.4% y/y 0.3% q/q; 1.0% y/y -
    May, 28 07:00
    Trade Balance
    Trade Balance
    Country:

    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.

    Date: May, 28 07:00
    Importance: Low
    Previous: 3.18bln
    Forecast: 2.98bln
    Actual: -
    Period: Apr
    3.18bln 2.98bln -
    May, 28 07:00
    GfK Consumer Climate
    GfK Consumer Climate
    Country:

    The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

    Date: May, 28 07:00
    Importance: Low
    Previous: 10.4
    Forecast: 10.4
    Actual: -
    Period: Jun
    10.4 10.4 -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 28 07:00
    Import Price Index
    Import Price Index
    Country:

    This index measures changes in the prices of imports into a country per month.

    Date: May, 28 07:00
    Importance: Low
    Previous: 0.0% m/m; 1.7% y/y
    Forecast: 0.5% m/m; 1.6% y/y
    Actual: -
    Period: Apr
    0.0% m/m; 1.7% y/y 0.5% m/m; 1.6% y/y -
    May, 28 07:00
    Nationwide House Price Index
    Nationwide House Price Index
    Country:

    Gauge for costs of homes in the United Kingdom. Mortgage data is used to provide a timely measure of the level of prices. House prices give good information current conditions in the housing market. The Index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices.
     

    Date: May, 28 07:00
    Importance: Low
    Previous: 0.4% m/m; 0.9% y/y
    Forecast: 0.0% m/m; 1.2% y/y
    Actual: -
    Period: May
    0.4% m/m; 0.9% y/y 0.0% m/m; 1.2% y/y -
    May, 28 09:00
    M3 Money Supply
    M3 Money Supply
    Country:

    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.

    Date: May, 28 09:00
    Importance: Low
    Previous: 4.5%
    Forecast: 4.4%
    Actual: -
    Period: Apr
    4.5% 4.4% -
    May, 28 09:00
    Private Sector Credit
    Private Sector Credit
    Country:

    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.

    Date: May, 28 09:00
    Importance: Low
    Previous: 3.2%
    Forecast: 3.3%
    Actual: -
    Period: Apr
    3.2% 3.3% -
    May, 28 09:30
    High Street Lending
    High Street Lending
    Country:
    Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
    Date: May, 28 09:30
    Importance: Low
    Previous: 40.0K
    Forecast: 39.3K
    Actual: -
    Period: Apr
    40.0K 39.3K -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 28 10:00
    Consumer Confidence
    Consumer Confidence
    Country:

    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.

    Date: May, 28 10:00
    Importance: Low
    Previous: -6.5
    Forecast: -6.5
    Actual: -
    Period: May
    -6.5 -6.5 -
    May, 28 14:00
    House Price Index
    House Price Index
    Country:

    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.

    Date: May, 28 14:00
    Importance: Low
    Previous: 0.3%
    Forecast: 0.2%
    Actual: -
    Period: Mar
    0.3% 0.2% -
    May, 28 14:00
    Case-Shiller 20 City
    Case-Shiller 20 City
    Country:
    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.
    Date: May, 28 14:00
    Importance: Low
    Previous: 3.0%
    Forecast: 3.1%
    Actual: -
    Period: Mar
    3.0% 3.1% -
    May, 28 15:00
    ★★★
    Consumer Confidence
    Consumer Confidence
    Country:

    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.

    Date: May, 28 15:00
    Importance: High
    Previous: 129.2
    Forecast: 130.1
    Actual: -
    Period: May
    129.2 130.1 -
    May, 28 22:00
    ★★★
    RBNZ Financial Stability Report
    RBNZ Financial Stability Report
    Country:

    The Reserve Bank published its first Financial Stability Report (FSR) in October 2004. The Financial Stability Report is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.

    Date: May, 28 22:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 29 00:00
    ★★★
    RBNZ Governor Adrian Orr Speaks
    RBNZ Governor Adrian Orr Speaks
    Country:
    Adrian Orr will be the Governor of the Reserve Bank of New Zealand from March 2018. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year.
    Date: May, 29 00:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 29 00:01
    BRC Shop Price Index
    BRC Shop Price Index
    Country:
    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.
    Date: May, 29 00:01
    Importance: Low
    Previous: 0.4%
    Forecast: -
    Actual: -
    Period: May
    0.4% - -
    May, 29 01:00
    ★★★
    BOJ Governor Haruhiko Kuroda Speaks
    BOJ Governor Haruhiko Kuroda Speaks
    Country:

    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.

    Date: May, 29 01:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 29 02:00
    ★★
    ANZ Business Confidence
    ANZ Business Confidence
    Country:

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

    Date: May, 29 02:00
    Importance: Medium
    Previous: -37.5
    Forecast: -
    Actual: -
    Period: May
    -37.5 - -
    May, 29 02:10
    ★★★
    RBNZ Governor Adrian Orr Speaks
    RBNZ Governor Adrian Orr Speaks
    Country:
    Adrian Orr will be the Governor of the Reserve Bank of New Zealand from March 2018. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year.
    Date: May, 29 02:10
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 29 07:45
    Consumer Spending
    Consumer Spending
    Country:

    Change in the total value of inflation-adjusted goods expenditures by consumers.

    Date: May, 29 07:45
    Importance: Low
    Previous: -0.1%
    Forecast: 0.5%
    Actual: -
    Period: Apr
    -0.1% 0.5% -
    May, 29 07:45
    GDP
    GDP
    Country:

    The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

    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 lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

    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.

    French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

    Date: May, 29 07:45
    Importance: Low
    Previous: 0.3% q/q; 1.1% y/y
    Forecast: 0.3% q/q; 1.1% y/y
    Actual: -
    Period: 1 quarter
    0.3% q/q; 1.1% y/y 0.3% q/q; 1.1% y/y -
    May, 29 07:45
    Consumer Price Index
    Consumer Price Index
    Country:

    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. Simply put, inflation reflects a decline in the purchasing power of the Euro in France , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical French household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

    Date: May, 29 07:45
    Importance: Low
    Previous: 0.3% m/m; 1.3% y/y
    Forecast: 0.3% m/m
    Actual: -
    Period: May
    0.3% m/m; 1.3% y/y 0.3% m/m -
    May, 29 08:00
    ★★
    KOF Economic Barometer
    KOF Economic Barometer
    Country:

    The Swiss KOF Economic Barometer is a leading indicator which measures overall economic activity and is an excellent indicator of the direction of the Swiss economy. The KOF Economic Barometer is one or two quarters ahead of the GDP growth rate of the previous year and thus enables an initial estimate to be made of how the Swiss economy will perform in the next or in the next two quarters.

    The Barometer is ultimately adjusted to take account of seasonal fluctuations and random factors. The Barometer is published monthly.

    Date: May, 29 08:00
    Importance: Medium
    Previous: 96.2
    Forecast: 96.4
    Actual: -
    Period: May
    96.2 96.4 -
    May, 29 08:00
    ECB's Jens Weidmann Speaks
    ECB's Jens Weidmann Speaks
    Country:
    Jens Weidmann is a German economist and president of the Deutsche Bundesbank.Statements of the German representatives always attracts attention as their opinion is very ponderable.
    Date: May, 29 08:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 29 08:30
    ECB's Yves Mersch Speaks
    ECB's Yves Mersch Speaks
    Country:
    Yves Mersch is a Luxembourgian jurist and lawyer who served as Governor of the Central Bank of Luxembourg from the bank's formation in 1998 until 2012 and as a member of the Executive Board of the European Central Bank since 2012.
    Date: May, 29 08:30
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 29 08:55
    ★★
    Unemployment Rate
    Unemployment Rate
    Country:

    The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

    Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

    Date: May, 29 08:55
    Importance: Medium
    Previous: 4.9%
    Forecast: 4.9%
    Actual: -
    Period: May
    4.9% 4.9% -
    May, 29 08:55
    ★★
    Unemployment Change
    Unemployment Change
    Country:

    The indicator shows the number of unemployed people in Germany.

    Date: May, 29 08:55
    Importance: Medium
    Previous: -12K
    Forecast: -8K
    Actual: -
    Period: May
    -12K -8K -
    May, 29 09:00
    ZEW-CS Survey (Economic Expectations)
    ZEW-CS Survey (Economic Expectations)
    Country:

    The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

    Date: May, 29 09:00
    Importance: Low
    Previous: -7.7
    Forecast: -
    Actual: -
    Period: May
    -7.7 - -
    May, 29 09:00
    ECB Financial Stability Report
    ECB Financial Stability Report
    Country:
    Since 2004 the ECB has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area.
    Date: May, 29 09:00
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 29 15:00
    ★★★
    Overnight Rate
    Overnight Rate
    Country:

    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.

    Date: May, 29 15:00
    Importance: High
    Previous: 1.75%
    Forecast: 1.75%
    Actual: -
    Period: May
    1.75% 1.75% -
    May, 29 15:00
    ★★★
    BOC Rate Statement
    BOC Rate Statement
    Country:

    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.

    Date: May, 29 15:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 29 15:00
    Richmond Fed Manufacturing Index
    Richmond Fed Manufacturing Index
    Country:

    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.

    Date: May, 29 15:00
    Importance: Low
    Previous: 3
    Forecast: 6
    Actual: -
    Period: May
    3 6 -
    May, 29 23:45
    Building Permits
    Building Permits
    Country:

    The number of new building projects authorized for construction New Zealand . Building Consents, or Building Permits, are issued when a building project has been authorized to begin construction. Since Building Consents serve as one of the earliest signals of expanded housing supply, the report is a leading indicator for the overall housing market. Also, because of the high outlays needed for construction projects Building Permits suggests optimism for corporate or consumer spending. Lastly, housing indicators are popular leading indicators due to the multiplier effect that they have on the rest of the economy. The headline is the percentage change in new consents for the month.

    Note: When looking deeper into the report it is important to analyze in detail what the type of projects the consents are for, as Building Consents include residential housing as well as 'big-ticket' non-residential buildings and government projects that can create large gyrations in the report month to month.

    Date: May, 29 23:45
    Importance: Low
    Previous: -6.9%
    Forecast: -
    Actual: -
    Period: Apr
    -6.9% - -
    May, 30 02:30
    ★★★
    Private Capital Expenditure
    Private Capital Expenditure
    Country:

    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.

    Date: May, 30 02:30
    Importance: High
    Previous: 2.0%
    Forecast: 0.5%
    Actual: -
    Period: 1 quarter
    2.0% 0.5% -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 30 02:30
    ★★
    Building Approvals
    Building Approvals
    Country:

    The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession. The figure can be used with others to forecast future growth in the economy as a whole. For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia's economic course. A strong housing market also tends to lead consumer spending. The headline number is the seasonally adjusted percentage change in new building approvals from the previous month.

    Date: May, 30 02:30
    Importance: Medium
    Previous: -15.5% m/m; -27.3% y/y
    Forecast: 0.1% m/m; -22.4% y/y
    Actual: -
    Period: Apr
    -15.5% m/m; -27.3% y/y 0.1% m/m; -22.4% y/y -
    May, 30 03:00
    ★★★
    Annual Budget
    Annual Budget
    Country:

    Annual budgets can apply to either a fiscal or calendar year. These budgets help their creators to plan for the upcoming year and make the necessary adjustments in cash flow to cover expenses. Annual budgets help both individuals and organizations to accurately project their future cash flows and effectively manage their money.

    Date: May, 30 03:00
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 30 08:00
    CPI
    CPI
    Country:

    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.

    Date: May, 30 08:00
    Importance: Low
    Previous: 1.5%
    Forecast: 1.2%
    Actual: -
    Period: May
    1.5% 1.2% -
    May, 30 08:30
    ★★
    BOE Deputy Governor for Markets & Banking Sir David Ramsden Speaks
    BOE Deputy Governor for Markets & Banking Sir David Ramsden Speaks
    Country:
    BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy
    Date: May, 30 08:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 30 10:00
    10-y Bond Auction
    10-y Bond Auction
    Country:
    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.
    Date: May, 30 10:00
    Importance: Low
    Previous: 2.59%; 1.39
    Forecast: -
    Actual: -
    Period: May
    2.59%; 1.39 - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 30 10:00
    30-y Bond Auction
    30-y Bond Auction
    Country:
    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.
    Date: May, 30 10:00
    Importance: Low
    Previous: 1.46%; 1.94
    Forecast: -
    Actual: -
    Period: May
    1.46%; 1.94 - -
    May, 30 13:30
    ★★
    Current Account
    Current Account
    Country:

    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.

    Date: May, 30 13:30
    Importance: Medium
    Previous: -15.5bln
    Forecast: -
    Actual: -
    Period: 1 quarter
    -15.5bln - -
    May, 30 13:30
    ★★
    GDP
    GDP
    Country:

    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.

    Date: May, 30 13:30
    Importance: Medium
    Previous: 3.2%
    Forecast: 3.1%
    Actual: -
    Period: 1 quarter
    3.2% 3.1% -
    May, 30 13:30
    GDP Price Index
    GDP Price Index
    Country:

    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.

    Date: May, 30 13:30
    Importance: Low
    Previous: 0.9%
    Forecast: 0.9%
    Actual: -
    Period: 1 quarter
    0.9% 0.9% -
    May, 30 13:30
    ★★
    Goods Trade Balance
    Goods Trade Balance
    Country:
    Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
    Date: May, 30 13:30
    Importance: Medium
    Previous: -71.4bln
    Forecast: -72.0bln
    Actual: -
    Period: Apr
    -71.4bln -72.0bln -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 30 13:30
    Wholesale Inventories
    Wholesale Inventories
    Country:

    The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

    Wholesale Inventories are reported in headlines as a percent change from the previous month.

    Date: May, 30 13:30
    Importance: Low
    Previous: -0.1%
    Forecast: 0.2%
    Actual: -
    Period: Apr
    -0.1% 0.2% -
    May, 30 13:30
    ★★
    Unemployment Claims
    Unemployment Claims
    Country:

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

    Date: May, 30 13:30
    Importance: Medium
    Previous: 211K
    Forecast: 216K
    Actual: -
    Period: May
    211K 216K -
    May, 30 13:30
    Continuing Claims
    Continuing Claims
    Country:

    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.

    Date: May, 30 13:30
    Importance: Low
    Previous: 1676K
    Forecast: -
    Actual: -
    Period: May
    1676K - -
    May, 30 15:00
    ★★
    Pending Home Sales
    Pending Home Sales
    Country:

    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.

    Date: May, 30 15:00
    Importance: Medium
    Previous: 3.8% m/m; -1.2% y/y
    Forecast: 0.9% m/m; -0.2% y/y
    Actual: -
    Period: Apr
    3.8% m/m; -1.2% y/y 0.9% m/m; -0.2% y/y -
    May, 30 15:30
    EIA Natural Gas Storage Change
    EIA Natural Gas Storage Change
    Country:

    Weekly report about natural gas storage change in the USA.

    Date: May, 30 15:30
    Importance: Low
    Previous: 100bln
    Forecast: -
    Actual: -
    Period: May
    100bln - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 30 16:00
    ★★
    Crude Oil Inventories
    Crude Oil Inventories
    Country:

    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.

    Date: May, 30 16:00
    Importance: Medium
    Previous: 4740K
    Forecast: -
    Actual: -
    Period: May
    4740K - -
    May, 30 19:30
    ★★
    BOC Senior Deputy Governor Carolyn Wilkins Speaks
    BOC Senior Deputy Governor Carolyn Wilkins Speaks
    Country:
    Senior Deputy Governor Carolyn Wilkins was appointed Senior Deputy Governor (SDG) for a term of seven years beginning 2 May 2014. As Senior Deputy Governor, she oversees the Bank’s strategic planning and operations and shares responsibility for the conduct of monetary policy as a member of the Bank’s Governing Council. She is also a member of the Bank’s Board of Directors. Prior to her appointment, Ms. Wilkins was Adviser to the Governor, with a focus on the Canadian economy, its interaction with the financial system, and monetary policy. She also served as Secretary to Governing Council.
    Date: May, 30 19:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 31 00:01
    GfK Consumer Confidence Survey
    GfK Consumer Confidence Survey
    Country:

    Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in Great Britain. GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a global basis, the indicator is very important for the economy, as it reflects consumers sentiments which formed the major portion of Great Britain GDP. The survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission.

    Date: May, 31 00:01
    Importance: Low
    Previous: -13
    Forecast: -12
    Actual: -
    Period: May
    -13 -12 -
    May, 31 00:30
    National CPI
    National CPI
    Country:

    National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

    Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

    As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

    Date: May, 31 00:30
    Importance: Low
    Previous: 1.4%
    Forecast: 1.2%
    Actual: -
    Period: May
    1.4% 1.2% -
    May, 31 00:30
    National CPI ex Fresh Food
    National CPI ex Fresh Food
    Country:

    National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

    Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

    As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

    Date: May, 31 00:30
    Importance: Low
    Previous: 1.3%
    Forecast: 1.2%
    Actual: -
    Period: May
    1.3% 1.2% -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 00:30
    Tokyo CPI ex Fresh Food & Energy
    Tokyo CPI ex Fresh Food & Energy
    Country:

    An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.

    Date: May, 31 00:30
    Importance: Low
    Previous: 0.9%
    Forecast: 1.0%
    Actual: -
    Period: May
    0.9% 1.0% -
    May, 31 00:30
    Unemployment Rate
    Unemployment Rate
    Country:

    The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

    Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

    Date: May, 31 00:30
    Importance: Low
    Previous: 2.5%
    Forecast: 2.4%
    Actual: -
    Period: Apr
    2.5% 2.4% -
    May, 31 00:50
    Retail Sales
    Retail Sales
    Country:

    Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

    The headline figure is expressed as the percentage change from the same month last year.

    Date: May, 31 00:50
    Importance: Low
    Previous: 0.2% m/m; 1.0% y/y
    Forecast: 0.6% m/m; 1.0% y/y
    Actual: -
    Period: Apr
    0.2% m/m; 1.0% y/y 0.6% m/m; 1.0% y/y -
    May, 31 00:50
    Industrial Production
    Industrial Production
    Country:

    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.

    Date: May, 31 00:50
    Importance: Low
    Previous: -0.6% m/m; -4.3% y/y
    Forecast: 0.2% m/m; -1.4% y/y
    Actual: -
    Period: Apr
    -0.6% m/m; -4.3% y/y 0.2% m/m; -1.4% y/y -
    May, 31 02:00
    ★★★
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: May, 31 02:00
    Importance: High
    Previous: 50.1
    Forecast: 49.9
    Actual: -
    Period: May
    50.1 49.9 -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 02:00
    ★★
    Non-Manufacturing PMI
    Non-Manufacturing PMI
    Country:

    It is a major indicator of the strength of the non-manufacturing sector of China.

    Date: May, 31 02:00
    Importance: Medium
    Previous: 54.3
    Forecast: 54.3
    Actual: -
    Period: May
    54.3 54.3 -
    May, 31 02:30
    Private Sector Credit
    Private Sector Credit
    Country:
    Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows.
    Date: May, 31 02:30
    Importance: Low
    Previous: 0.3% m/m; 3.9% y/y
    Forecast: 0.3% m/m; 3.8% y/y
    Actual: -
    Period: Apr
    0.3% m/m; 3.9% y/y 0.3% m/m; 3.8% y/y -
    May, 31 06:00
    Housing Starts
    Housing Starts
    Country:

    The Housing Starts figure reflects the rate of growth in housing construction. The number of housing starts is an indicator of the strength of Japan 's construction sector and a leading indicator for the direction of the economy as a whole. Housing Starts respond quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. A high Housing Starts figure is generally bullish for the economy, as it indicates overall economic growth.

    The headline figures are the year on year percentage change in value of housing starts, and the value of all houses started for construction that year.

    Date: May, 31 06:00
    Importance: Low
    Previous: 0.989M; 10.0%
    Forecast: 0.984M; -0.8%
    Actual: -
    Period: Apr
    0.989M; 10.0% 0.984M; -0.8% -
    May, 31 06:00
    Consumer Confidence
    Consumer Confidence
    Country:

    Consumer Confidence is a measure of popular sentiment concerning the Japanese economy. The figure is derived from a survey that asks thousands of Japanese 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 the Japanese 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.

    Date: May, 31 06:00
    Importance: Low
    Previous: 40.4
    Forecast: 40.6
    Actual: -
    Period: May
    40.4 40.6 -
    May, 31 07:00
    Retail Sales
    Retail Sales
    Country:

    Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy since private consumption makes up a large portion of German Gross Domestic Product. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

    The headline figure is expressed as the percentage change from the same month last year.

    Date: May, 31 07:00
    Importance: Low
    Previous: -0.2% m/m; -2.1% y/y
    Forecast: 0.4% m/m; 1.3% y/y
    Actual: -
    Period: Apr
    -0.2% m/m; -2.1% y/y 0.4% m/m; 1.3% y/y -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 07:30
    Retail Sales
    Retail Sales
    Country:

    Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the Swiss economy since private consumption makes up a large portion of Swiss Gross Domestic Product. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

    The headline figure is expressed as the percentage change from the same month last year.

    Date: May, 31 07:30
    Importance: Low
    Previous: -0.7%
    Forecast: -0.8%
    Actual: -
    Period: Apr
    -0.7% -0.8% -
    May, 31 09:00
    Gross Domestic Product
    Gross Domestic Product
    Country:

    A comprehensive measure of the country's overall production and consumption of goods and services. GDP is a significant report, serving as one of the primary indicators of the 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 currency, while negative readings are generally bearish.

    Most production reports that lead to 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.

    Date: May, 31 09:00
    Importance: Low
    Previous: 0.2% q/q; 0.1% y/y
    Forecast: 0.2% q/q; 0.1% y/y
    Actual: -
    Period: 1 quarter
    0.2% q/q; 0.1% y/y 0.2% q/q; 0.1% y/y -
    May, 31 09:30
    ★★
    Net Lending to Individuals
    Net Lending to Individuals
    Country:

    The amount of extra funds that a sector has available to provide for either direct and indirect lending purposes to other similar counter-parts.

    Date: May, 31 09:30
    Importance: Medium
    Previous: 4.7bln
    Forecast: 4.6bln
    Actual: -
    Period: Apr
    4.7bln 4.6bln -
    May, 31 09:30
    M4 Money Supply
    M4 Money Supply
    Country:

    M4 is referred to as "broad money" or simply "the money supply". It reflects cash outside banks (i.e. in circulation with the public and non-bank firms) + private-sector retail bank and building society deposits + Private-sector wholesale bank and building society deposits and Certificate of Deposit.

    Date: May, 31 09:30
    Importance: Low
    Previous: -0.5% m/m; 2.2% y/y
    Forecast: 0.4% m/m
    Actual: -
    Period: Apr
    -0.5% m/m; 2.2% y/y 0.4% m/m -
    May, 31 09:30
    Mortgage Approvals
    Mortgage Approvals
    Country:

    Number of new mortgages approved for home purchase by BBA-represented banks during the previous month. The BBA represents major banks that make up around 60% of total UK mortgage lending.

    Date: May, 31 09:30
    Importance: Low
    Previous: 62.3K
    Forecast: 64.0K
    Actual: -
    Period: Apr
    62.3K 64.0K -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 10:00
    Gross Domestic Product
    Gross Domestic Product
    Country:

    The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

    Date: May, 31 10:00
    Importance: Low
    Previous: 0.2% m/m; 1.1% y/y
    Forecast: 0.2% m/m
    Actual: -
    Period: May
    0.2% m/m; 1.1% y/y 0.2% m/m -
    May, 31 13:00
    ★★
    CPI
    CPI
    Country:

    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. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.

    The German CPI is significant as one of the primary gauges of inflation. As the largest Eurozone economy, inflation in Germany will contribute significantly to inflation in the Eurozone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.

    Date: May, 31 13:00
    Importance: Medium
    Previous: 1.0% m/m; 2.0% y/y
    Forecast: 0.3% m/m; 1.6% y/y
    Actual: -
    Period: May
    1.0% m/m; 2.0% y/y 0.3% m/m; 1.6% y/y -
    May, 31 13:00
    ★★
    Harmonized CPI
    Harmonized CPI
    Country:

    The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

    Date: May, 31 13:00
    Importance: Medium
    Previous: 1.0% m/m; 2.1% y/y
    Forecast: -
    Actual: -
    Period: May
    1.0% m/m; 2.1% y/y - -
    May, 31 13:30
    ★★★
    Gross Domestic Product
    Gross Domestic Product
    Country:

    A comprehensive measure of Canada'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 Canadian Dollar, while negative readings are generally bearish.

    Most production reports that lead to Canadian 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.

    Date: May, 31 13:30
    Importance: High
    Previous: -0.1% m/m; 1.1% y/y
    Forecast: 0.3% m/m; 1.2% y/y
    Actual: -
    Period: Mar
    -0.1% m/m; 1.1% y/y 0.3% m/m; 1.2% y/y -
    May, 31 13:30
    ★★
    Raw Materials Price Index
    Raw Materials Price Index
    Country:

    Measures the prices paid by Canadian manufacturers for key raw materials, including resources not produced in Canada. Also known as the Producer Price Index, the RMPI is an early measure of inflation. Although producers may not pass on changes in raw material prices to consumers immediately, the index will record these cost pressures before they reach the end consumer and affect inflation rates. The headline figure is the percentage change in the price index from the previous month and year.

    The index includes prices for raw materials like mineral fuels, vegetable products, animal and animal products, wood, ferrous materials, non-ferrous metals, and non-metallic minerals.
     

    Date: May, 31 13:30
    Importance: Medium
    Previous: 2.8%
    Forecast: -
    Actual: -
    Period: Apr
    2.8% - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 13:30
    Industrial Product Price Index
    Industrial Product Price Index
    Country:

    Industrial Product Price Index released by the Statistics Canada measures price changes for major commodities sold by Canadian manufactures. Changes in the IPP index are widely followed as an indicator of commodity inflation.

    Date: May, 31 13:30
    Importance: Low
    Previous: 1.3%
    Forecast: -
    Actual: -
    Period: Apr
    1.3% - -
    May, 31 13:30
    ★★
    PCE Core
    PCE Core
    Country:

    Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

    A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

    On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

    Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

    The PCE figure is released in headlines as a percent change from the previous month.

    Core Personal Consumption Expenditure
    Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

    The headline figure of PCE is expressed in percentage change in spending for the quarter.

    Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

    Date: May, 31 13:30
    Importance: Medium
    Previous: 0.0% m/m; 1.6% y/y
    Forecast: 0.2% m/m; 1.6% y/y
    Actual: -
    Period: Apr
    0.0% m/m; 1.6% y/y 0.2% m/m; 1.6% y/y -
    May, 31 13:30
    ★★
    Personal Spending
    Personal Spending
    Country:

    Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

    A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

    On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

    Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

    The PCE figure is released in headlines as a percent change from the previous month.

    Date: May, 31 13:30
    Importance: Medium
    Previous: 0.9%
    Forecast: 0.2%
    Actual: -
    Period: Apr
    0.9% 0.2% -
    May, 31 13:30
    Personal Income
    Personal Income
    Country:

    Broad gauge of employee earnings in the US . Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation. However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Income allows for strong consumers spending. Such spending drives output growth and fuels the US economy.

    Date: May, 31 13:30
    Importance: Low
    Previous: 0.1%
    Forecast: 0.3%
    Actual: -
    Period: Apr
    0.1% 0.3% -
    May, 31 13:30
    ★★★
    Quarterly Gross Domestic Product Annualized
    Quarterly Gross Domestic Product Annualized
    Country:
    Date: May, 31 13:30
    Importance: High
    Previous: 0.4%
    Forecast: 0.7%
    Actual: -
    Period: 1 quarter
    0.4% 0.7% -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 14:15
    FOMC Member Raphael W. Bostic Speaks
    FOMC Member Raphael W. Bostic Speaks
    Country:
    Federal Reserve Bank of Atlanta President Raphael Bostic - FOMC voting member 2018. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. More hawkish than expected is good for currency.
    Date: May, 31 14:15
    Importance: Low
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    May, 31 14:45
    ★★
    Chicago Purchasing Managers Index
    Chicago Purchasing Managers Index
    Country:

    Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. Released on the last business day of the reporting month, the report's significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release.

    Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction.

    Date: May, 31 14:45
    Importance: Medium
    Previous: 52.6
    Forecast: 55.1
    Actual: -
    Period: May
    52.6 55.1 -
    May, 31 15:00
    ★★
    UoM Consumer Sentiment
    UoM Consumer Sentiment
    Country:

    A survey of consumer confidence conducted by the University of Michigan. The Michigan Consumer Sentiment Index (MCSI) uses telephone surveys to gather information on consumer expectations regarding the overall economy. The preliminary report, which includes about 60% of total survey results, is released around the 10th of each month. A final report for the prior month is released on the first of the month. The index is becoming more and more useful for investors because it gives a snapshot of whether consumers feel like spending money.

    Date: May, 31 15:00
    Importance: Medium
    Previous: 102.4
    Forecast: 102.0
    Actual: -
    Period: May
    102.4 102.0 -
    May, 31 15:00
    UoM Inflation Expectations
    UoM Inflation Expectations
    Country:
    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).
    Date: May, 31 15:00
    Importance: Low
    Previous: 2.8%; 2.6%
    Forecast: -
    Actual: -
    Period: May
    2.8%; 2.6% - -
    May, 31 17:00
    ★★
    FOMC Member John C. Williams Speaks
    FOMC Member John C. Williams Speaks
    Country:

    John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

    Date: May, 31 17:00
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    May, 31 18:00
    Baker Hughes U.S. Rig Count
    Baker Hughes U.S. Rig Count
    Country:
    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.
    Date: May, 31 18:00
    Importance: Low
    Previous: 983
    Forecast: -
    Actual: -
    Period: May
    983 - -
    Jun, 02 09:30
    ★★★
    Inflation Report Hearings
    Inflation Report Hearings
    Country:

    The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

    Date: Jun, 02 09:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jun, 02 09:30
    ★★★
    BOE Governor Mark Carney Speaks
    BOE Governor Mark Carney Speaks
    Country:

    Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.

    Date: Jun, 02 09:30
    Importance: High
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jun, 02 09:30
    ★★
    BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
    BOE Deputy Governor for Monetary Policy Ben Broadbent Speaks
    Country:
    Ben Broadbent became Deputy Governor on 1 July 2014. Prior to that, he was an external member of the Monetary Policy Committee from 1 June 2011. In addition to his membership of the Monetary Policy Committee and Financial Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and notes.
    Date: Jun, 02 09:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jun, 02 09:30
    ★★
    MPC Member Silvana Tenreyro Speaks
    MPC Member Silvana Tenreyro Speaks
    Country:
    BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
    Date: Jun, 02 09:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    Jun, 02 09:30
    ★★
    MPC Member Michael Saunders Speaks
    MPC Member Michael Saunders Speaks
    Country:
    Michael Saunders, an economist at Citigroup, is to join the Bank of England’s interest rate-setting Monetary Policy Committee. Mr Saunders, who has worked at the US bank for more than 25 years, will replace Martin Weale on August 9, 2016 when his term at the BoE ends.
    Date: Jun, 02 09:30
    Importance: Medium
    Previous: -
    Forecast: -
    Actual: -
    Period: -
    - - -
    Jun, 03 02:00
    MI Inflation Gauge
    MI Inflation Gauge
    Country:
    This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data. Full reports are only available to Melbourne Institute subscribers.
    Date: Jun, 03 02:00
    Importance: Low
    Previous: 0.2% m/m; 1.8% y/y
    Forecast: -
    Actual: -
    Period: May
    0.2% m/m; 1.8% y/y - -
    Jun, 03 02:30
    ★★
    Company Operating Profits
    Company Operating Profits
    Country:

    Measures the total amount of profits earned by businesses with more than 20 employees before taxes have been taken out.

    Date: Jun, 03 02:30
    Importance: Medium
    Previous: 0.8%
    Forecast: -
    Actual: -
    Period: 1 quarter
    0.8% - -
    Jun, 03 02:30
    ANZ Jobs Advertisements
    ANZ Jobs Advertisements
    Country:

    The ANZ job advertisement series measures the number of jobs advertised in the major daily newspapers and Internet sites covering the capital cities each month.

    Date: Jun, 03 02:30
    Importance: Low
    Previous: -0.1%
    Forecast: -
    Actual: -
    Period: May
    -0.1% - -
    Jun, 03 02:45
    ★★
    Markit Final Manufacturing PMI
    Markit Final Manufacturing PMI
    Country:
    The Chinese HSBC Manufacturing PMI is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. When the PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. Flash figures are released approximately 6 business days prior to the end of the month. Final figures overwrite the flash figures upon release and are in turn overwritten as the next Flash is available. The Chinese HSBC Manufacturing PMI is concluded from a monthly survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
    Date: Jun, 03 02:45
    Importance: Medium
    Previous: 50.2
    Forecast: -
    Actual: -
    Period: May
    50.2 - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    Jun, 03 07:30
    Commodity Prices
    Commodity Prices
    Country:

    This indicator measures commodities exported from Australia.

    Date: Jun, 03 07:30
    Importance: Low
    Previous: 14.4%
    Forecast: -
    Actual: -
    Period: May
    14.4% - -
    Jun, 03 07:30
    ★★
    CPI
    CPI
    Country:

    It is the key gauge for inflation in Switzerland. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.

    As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc.

    Date: Jun, 03 07:30
    Importance: Medium
    Previous: 0.2% m/m; 0.7% y/y
    Forecast: -
    Actual: -
    Period: May
    0.2% m/m; 0.7% y/y - -
    Jun, 03 07:30
    Consumer Price Index - EU Harmonised
    Consumer Price Index - EU Harmonised
    Country:
    The Consumer Price Index - EU Harmonised is economic indicator constructed to measure the changes over time in the prices of consumer goods and services acquired by households. The HICPs give comparable measures of inflation in the euro-zone, the EU, the European Economic Area and for other countries including accession and candidate countries. They are calculated according to a harmonised approach and a single set of definitions. They provide the official measure of consumer price inflation in the euro-zone for the purposes of monetary policy in the euro area and assessing inflation convergence as required under the Maastricht criteria.
    Date: Jun, 03 07:30
    Importance: Low
    Previous: 0.6% m/m; 1.1% y/y
    Forecast: -
    Actual: -
    Period: May
    0.6% m/m; 1.1% y/y - -
    Jun, 03 08:15
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly gauge of manufacturing activity and future outlook. It is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: Jun, 03 08:15
    Importance: Low
    Previous: 51.8
    Forecast: -
    Actual: -
    Period: May
    51.8 - -
    Jun, 03 08:30
    SVME Purchasing Managers Index
    SVME Purchasing Managers Index
    Country:
    The Schweizerischer Verband Materialwirtschaft und Einkauf (SVME) Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
    Date: Jun, 03 08:30
    Importance: Low
    Previous: 48.5
    Forecast: -
    Actual: -
    Period: May
    48.5 - -
  • Date
    GMT+01:00
    Event Previous Forecast Actual
    Jun, 03 08:45
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: Jun, 03 08:45
    Importance: Low
    Previous: 49.1
    Forecast: -
    Actual: -
    Period: May
    49.1 - -
    Jun, 03 09:30
    ★★
    PMI Manufacturing
    PMI Manufacturing
    Country:

    A monthly gauge of manufacturing activity and future outlook. It is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

    The PMI is presented as an index with a value between 1-100.

    Date: Jun, 03 09:30
    Importance: Medium
    Previous: 53.1
    Forecast: -
    Actual: -
    Period: May
    53.1 - -
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