Date
GMT+01:00
Event Value
Jul, 17 21:00
TICS
TICS
Country:
Date: Jul, 17 21:00
Importance: Low
Previous: 93.9bln
Forecast: 34.3bln
Actual: -
Period: May

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

93.9bln
Jul, 18 01:30
MI Leading Index
MI Leading Index
Country:
Date: Jul, 18 01:30
Importance: Low
Previous: -0.2% m/m
Forecast: -
Actual: -
Period: Jun

A leading indicator for Australian economic activity calculated by Melbourne Institute.

-0.2% m/m
Jul, 18 09:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 18 09:30
Importance: High
Previous: 0.4% m/m; 2.4% y/y
Forecast: 0.2% m/m; 2.6% y/y
Actual: -
Period: Jun

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

0.4% m/m; 2.4% y/y
Jul, 18 09:30
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 2.1% y/y
Forecast: 2.1% y/y
Actual: -
Period: Jun

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar 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 American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

2.1% y/y
Jul, 18 09:30
★★
Retail price index
Retail price index
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 0.4% m/m; 3.3% y/y
Forecast: 0.4% m/m; 3.5% y/y
Actual: -
Period: Jun

In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics.

0.4% m/m; 3.3% y/y
Jul, 18 09:30
★★
PPI Input
PPI Input
Country:
Date: Jul, 18 09:30
Importance: Medium
Previous: 2.8% m/m; 9.2% y/y
Forecast: 0.4% m/m; 10.1% y/y
Actual: -
Period: Jun

A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices.

The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year.

2.8% m/m; 9.2% y/y
Jul, 18 09:30
PPI Output
PPI Output
Country:
Date: Jul, 18 09:30
Importance: Low
Previous: 0.4% m/m; 2.9% y/y
Forecast: 0.3% m/m; 3.2% y/y
Actual: -
Period: Jun

A monthly survey that measures the price changes of goods produced by UK manufacturers. The figure is also known as "Factory Gate Price" because it usually matches the price of goods when they first leave the factory. Increased prices in manufacturing typically lead to higher retail prices for consumers. However, it is also likely that higher output prices are caused by manufacturers charging a higher premium due to higher demand for their goods. Consequently, market trends in consumption should be considered with Output PPI to avoid data misinterpretation.

0.4% m/m; 2.9% y/y
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