Date
GMT+01:00
Event Previous Forecast Actual
Jul, 31 08:55
★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jul, 31 08:55
Importance: Medium
Previous: 6.3%
Forecast: 6.3%
Actual: -
Period: Jun

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.

6.3% 6.3% -
Jul, 31 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 31 10:00
Importance: Medium
Previous: 2.8%
Forecast: 2.9%
Actual: -
Period: Jul

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

2.8% 2.9% -
Jul, 31 10:00
★★
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Jul, 31 10:00
Importance: Medium
Previous: 2.4%
Forecast: 2.4%
Actual: -
Period: Jul

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

2.4% 2.4% -
Jul, 31 10:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jul, 31 10:00
Importance: Low
Previous: 0.0%; 3.0%
Forecast: 0.1%; 2.8%
Actual: -
Period: Jul

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.

0.0%; 3.0% 0.1%; 2.8% -
Jul, 31 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jul, 31 13:30
Importance: High
Previous: 0.5%; 1.1%
Forecast: 0.2%
Actual: -
Period: May

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.

0.5%; 1.1% 0.2% -