Date
GMT+01:00
Event Previous Forecast Actual
Aug, 27 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Aug, 27 13:30
Importance: Medium
Previous: 206K
Forecast: 208K
Actual: -
Period: Aug

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

206K 208K -
Aug, 27 13:30
Continuing Claims
Continuing Claims
Country:
Date: Aug, 27 13:30
Importance: Low
Previous: 1799K
Forecast: -
Actual: -
Period: Aug

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.

1799K - -
Aug, 27 13:30
★★
Goods Trade Balance
Goods Trade Balance
Country:
Date: Aug, 27 13:30
Importance: Medium
Previous: -101.4
Forecast: -99.9
Actual: -
Period: Jul
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.
-101.4 -99.9 -
Aug, 27 13:30
Wholesale Inventories
Wholesale Inventories
Country:
Date: Aug, 27 13:30
Importance: Low
Previous: 0.2%
Forecast: 0.2%
Actual: -
Period: Jul

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.

0.2% 0.2% -
Aug, 27 13:30
Current Account
Current Account
Country:
Date: Aug, 27 13:30
Importance: Low
Previous: -7.2
Forecast: 5.6
Actual: -
Period: 2 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.

-7.2 5.6 -