FX.co ★ Traders economic calendar. International economic events
Economic Calendar
The EIA Weekly Refinery Utilization Rates is an important economic calendar event that provides valuable insights into the weekly performance of refineries in the United States. The Energy Information Administration (EIA) releases this report to measure the percentage of available refining capacity that is being utilized by refineries during the specified period.
These utilization rates are critical for market participants, policymakers, and analysts as they offer a clear picture of the state of the refinery sector. Changes in refinery utilization rates may indicate shifts in the overall energy market, including the demand and supply dynamics for crude oil, gasoline, and other petroleum products. Should the rates rise, it may signal increasing demand for fuel or strong economic activity, while declining rates can be a sign of weakening demand or economic slowdown.
Investors, traders and businesses typically use this information to help them make decisions and predictions about the energy market, oil prices, and the overall performance of the economy. Hence, the EIA Weekly Refinery Utilization Rates constitutes a highly significant economic calendar event for the United States.
Gasoline Inventories measures the change in the number of barrels of commercial gasoline held in inventory by commercial firms during the reported week. The data influences the price of gasoline products which affects inflation.
The data has no consistent effect, there are both inflationary and growth implications.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a key economic indicator that measures consumer confidence levels in the United States. Conducted monthly by global market research firm Ipsos, the survey gathers data from a diverse sample of American households, providing insight into consumers' sentiment regarding the country's overall economic health.
The PCSI is derived from multiple questions assessing consumers' outlook on the national economy, personal finance, job market, and investment opportunities. These aspects are combined to generate a comprehensive and singular index score, offering valuable information to economists, investors, and policymakers.
A higher PCSI score typically indicates greater consumer optimism, which can lead to increased spending and overall economic growth. Conversely, a lower score may signal a decline in consumer confidence, resulting in reduced consumer spending and potential economic stagnation. Thus, the Thomson Reuters IPSOS PCSI serves as a valuable barometer for understanding current and potential consumer behavior in the United States.
The Thomson Reuters IPSOS PCSI (Primary Consumer Sentiment Index) is a significant economic calendar event for Canada. This index measures the overall level of consumer confidence and sentiment in the national economy, allowing investors, analysts, and policymakers to understand the current state of the economy and make informed decisions based on the data.
Conducted by Thomson Reuters in partnership with the global market research firm IPSOS, the PCSI survey collects data from a representative sample of Canadian consumers. The respondents share their opinions on various aspects of the economy, such as personal finances, job security, and overall economic conditions. The index is calculated by evaluating these responses and assigning numeric scores to each of the components. A higher index level represents increased consumer confidence and optimism, while a lower level signifies pessimism or decreased confidence in the economy.
The Thomson Reuters IPSOS PCSI is released on a monthly basis, providing a regular and up-to-date snapshot of consumer sentiment in Canada. The index plays an essential role in shaping monetary policy, as changes in consumer confidence can impact consumer spending, investment, and overall economic growth. As a result, the PCSI serves as a vital economic indicator for market participants and policymakers alike, helping them make well-informed decisions for the Canadian economy's betterment.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is an economic calendar event in Mexico that measures the level of consumer confidence in the country. It provides valuable insights into household spending, overall economic well-being, and consumer attitude towards the country's current and future financial conditions.
This index is calculated through a worldwide monthly survey by Thomson Reuters and IPSOS, a global market research firm. The survey collects data on consumer expectations in numerous countries, including Mexico. The PCSI is a composite score derived from public opinions about current economic conditions, personal finances, employment prospects, and inflation expectations.
A higher PCSI score indicates positive sentiment among consumers, which could lead to increased household spending and economic growth. Conversely, a lower score reflects the pessimism in consumer sentiment and may result in reduced spending and weaker economic indicators. Economists, investors, and policymakers closely monitor the PCSI as it helps them understand consumer trends and make informed decisions to stimulate or stabilize the economy.
The Thomson Reuters IPSOS PCSI (Primary Consumer Sentiment Index) is an event that is featured in the economic calendar for Argentina. This index provides a comprehensive insight into the overall consumer confidence levels within the country.
By measuring and analyzing consumer opinions and perceptions in areas such as local and national economic prospects, personal finances, employment, and investment scenarios, the PCSI helps businesses, government entities, and investors gauge the strength of the Argentine consumer market and population sentiment during a specified time frame.
The index consists of survey responses from a randomly-selected, representative sample of Argentine citizens, making it a key indicator of the country's economic health. A high PCSI value typically reflects a positive consumer outlook, while a low value suggests that consumers may be more pessimistic about the future. The PCSI is, thus, a vital data point for observing trends in consumer behavior and predicting potential repercussions on Argentina's economic climate.
The Thomson Reuters Ipsos Monthly Global Primary Consumer Sentiment Index is a composite index of 11 questions that run monthly via online polls in the countries surveyed. The data output is based on the views of a fresh, randomly selected representative sample each month of primary consumers aged 18-64 in the US and Canada and aged 16-62 in other countries. Primary consumers are a comparable, standardized and weighted group in each country based on a minimum level of education and income. The eleven questions capture consumer views on: 1. Current overall economic situation in country 2. Current state of economy in local area 3. Expectations of local economy in six months 4. Current personal financial situation rating 5. Expectations of personal financial situation in six months 6. Comfort in making major purchases 7. Comfort in making other household purchases 8. Confidence about job security 9. Confidence in ability to invest in the future 10. Experience with job loss as a result of economic conditions 11. Expectations of job loss as a result of economic conditions
The Atlanta Fed GDPNow is an economic event that provides a real-time estimate of the United States' gross domestic product (GDP) growth for the current quarter. It serves as a valuable indicator for analysts, policymakers, and economists looking to gauge the health of the American economy.
Created and maintained by the Federal Reserve Bank of Atlanta, the GDPNow model utilizes a sophisticated algorithm that processes incoming data from official government sources. These sources include reports on manufacturing, trade, retail sales, housing, and other sectors, which allows the Atlanta Fed to update their GDP growth projections on a frequent basis.
As an essential benchmark for economic performance, the GDPNow forecast can significantly impact financial markets and influence investment decisions. Market participants often use the GDPNow forecast to adjust their expectations regarding monetary policies and various economic outcomes.
Federal Reserve Bank of Minneapolis President Neel Kashkari. His public engagements are often used to drop subtle clues regarding future monetary policy.
The indicator shows the amount of capital flows that is directed to the country by foreign investors. Capital flows are essential for developing and emerging markets. They contribute to enhancing investments and financing current account deficits. A higher than expected reading should be taken as positive/bullish for the BRL , while a lower than expected reading should be taken as negative/bearish for the BRL.
The Federal Reserve's Beige Book is a report on current economic conditions in each of the 12 Federal districts in the U.S. It gives a picture of economic trends and challenges in the U.S. It is released 8 times a year, 2 weeks before each Federal Open Market Committee meeting. The report is used by the FOMC in their decision on short-term interest rates.
An optimistic outlook should be taken as positive/bullish for the USD, while a pessimistic outlook should be taken as negative/bearish for the USD.
The FOMC Member Williams Speaks event is a key economic calendar event in the United States. It involves a speech delivered by the President of the Federal Reserve Bank of New York and vice-chair of the Federal Open Market Committee (FOMC), John C. Williams. As a prominent member of the FOMC, his views and insights often hold significant influence on the monetary policy decisions of the Federal Reserve and the overall U.S. financial market.
During this event, market participants closely monitor the speeches and statements made by John C. Williams for any hints or indications related to the future direction of U.S. monetary policy. This could include changes in the target federal funds rate, asset purchase programs, or adjustments to forward guidance. A dovish or hawkish tone in the speech can impact the U.S. dollar's value, interest rates, and market sentiment, leading to potential investment opportunities and risks.
The Corporate Goods Price Index (CGPI) measures the change in the selling prices of goods purchased by Japanese corporations. The CGPI measures the change in the rate of inflation in Japan from the perspective of the manufacturer and is correlated with consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
The Corporate Goods Price Index measures the price movement of domestically-produced and domestically-used goods with sample prices, collected either from the producer or wholesaler of these goods. (was WPI before).
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
Melbourne Institute (MI) Inflation Expectations measures the percentage that consumers expect the price of goods and services to change during the next 12 months.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall. The report is a leading indicator of house price inflation as surveyors have access to the latest price data.
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.
The official reserve assets are assets denominated in foreign currency, readily available to and controlled by monetary authorities for meeting balance of payments financing needs, intervening in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). They present a very comprehensive picture on a monthly basis of stocks at market price, transactions, foreign exchange and market revaluations and other changes in volume.
The Bank of Korea (BOK) Monetary Policy Committee's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the KRW, while a lower than expected rate is negative/bearish for the KRW.
A monetary policy is generally the process through which a central bank with a sole right to issue its own currency (legal tender or monetary base) maintains the value of that currency, that is, price, and achieves sustainable economic growth by managing the amount of money (monetary base and money created in the banking system) in circulation, and price (interest rate) in the economy. Bank of Korea Act stipulates that the purpose of this Act is “to contribute to the sound development of the national economy by pursuing price stability through the formulation and implementation of efficient monetary policy”. Accordingly, the Bank of Korea takes price stability as the most important objective of its monetary policy. If prices become unstable, uncertainty concerning the future mounts, discouraging economic activities as a whole, and the distribution of income and resources grows distorted. As a result, the stabilityin economic conditions as a whole is damaged. In order for the national economy to achieve stable growth, it should be supported by not only price stability but also financial stability. Regarding this, Article 1, Clause 2 of the「Bank of Korea Act」 stipulates that “The Bank of Korea needs to pay attention to financial stability in the implementation of monetary policy”. Thus, the Bank of Korea is also making policy efforts to maintain financial stability while pursuing price stability through implementing its monetary policy.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Exports free on board (f.o.b.) and imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics.
A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.
Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.
A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Exports free on board (f.o.b.) and imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics.
A higher than expected number should be taken as positive to the IDR, while a lower than expected number as negative.
Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.
A higher than expected number should be taken as positive to the IDR, while a lower than expected number as negative.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
A higher than expected reading should be taken as positive/bullish for the IDR, while a lower than expected reading should be taken as negative/bearish for the IDR.
The Swedish Public Employment Service's unemployment statistics are business statistics, retrieved directly from the authority's database. The employment service's statistics are based on individuals who are registered as unemployed in the authority's database.
The definition for an unemployed person is: Persons (16-65 years) who were available for work (except for temporary illness) but did not work during the survey week, and who made specific efforts to find a job within the previous 4 weeks by going to an employment agency, by applying directly to an employer, by answering a job ad, or being on a union or professional register. Centered 3-month moving average.The unemployed labour force is greater than the registered unemployed. This is because the figure includes people who are looking for work but who are not registered at the labour exchange (Centrum voor Werk en Inkomen). One major category among them is formed by the women re-entering the labour force. A higher than expected reading should be taken as negative/bearish for the EUR , while a lower than expected reading should be taken as positive/bullish for the EUR.
The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.
The consumer price index is used as a measurement of and is a key economic figure. Likely impact:
1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise.
2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates.
3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.
The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.
The consumer price index is used as a measurement of and is a key economic figure. Likely impact:
1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise.
2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates.
3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.
The Construction Output is an economic calendar event that tracks the change in the total value of construction work completed within the United Kingdom. This includes both private and public sectors and covers new building activities, renovations, and repair work. The data is released by the Office for National Statistics (ONS) on a monthly basis.
A high construction output figure indicates growth in the construction sector, which contributes significantly to the overall health of the UK economy. An increase in construction output can be seen as a sign of economic expansion, as it suggests that companies are investing in infrastructure and housing development. Conversely, a decline in construction output can signal economic slowdown or contraction.
Investors, analysts, and policy makers closely monitor construction output data as it can impact interest rates, currency valuation, and investment decisions. A consistently positive trend in construction output may lead to higher interest rates, as it could indicate inflationary pressures, whereas a negative trend could result in lower interest rates in an attempt to stimulate economic growth.
The U.K. Construction Output is an economic calendar event that reflects the volume of construction work completed in the United Kingdom within a given time period. This important indicator allows analysts, investors, and policymakers to gauge the health and growth of the nation's construction industry, which is a vital component of the broader economy.
Construction output consists of both public and private sector projects, encompassing residential, commercial, and infrastructure developments. An increase in construction output signifies a growing demand for goods and services, leading to higher employment rates and overall economic growth. Conversely, a decline in output might signal weakened demand, slower economic growth, or underutilized resources within the industry.
The report is closely monitored by market participants, as a robust construction sector often translates into increased business investments and consumer spending. Its data plays a crucial role in shaping monetary policy decisions by the Bank of England and offers valuable insights for investors seeking opportunities within the U.K. market.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. 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.
Gross Domestic Product (GDP) measures the change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
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.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
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.
Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production.
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.
The Manufacturing Production index measures the change in the total inflation-adjusted value of output produced by U.K.'s manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production. A rise in manufacturing production signify increasing economic growth therefore a higher than expected figure will be bullish for the GBP and a lower than expected should be bearish.
Gross domestic product (GDP) measures the value of goods and services produced in the UK. It estimates the size of and growth in the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. 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. Rolling three-month data are calculated by comparing growth in a three-month period with growth in the previous three-month period, for example, growth in June to August compared with the previous March to May.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
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.
The Trade Balance measures the difference in value between imported and exported goods sand services, from and to Non-Eu countries, over the reported period. A positive number indicates that more goods and services were exported than imported. 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.
The most popular index for evaluating Swedish inflation is the Consumer Price Index (CPI). The CPI is a time-series measure of fluctuations in prices for goods and services purchased by households nationwide. Another inflation related index is the Consumer Price Index with Fixed Interest Rate (CPIF) m/m. CPIF is calculated monthly based on the same data that is used for the main CPI calculation. However, the direct impact of changes in the monetary policy is excluded from the calculation. It is believed that the Riksbank's monetary policy affects the CPI through changes in mortgage rates. The index shows the change in the current month compared to the previous one.
The most popular index for evaluating Swedish inflation is the Consumer Price Index (CPI). The CPI is a time-series measure of fluctuations in prices for goods and services purchased by households nationwide. Another inflation related index is the Consumer Price Index with Fixed Interest Rate (CPIF) y/y. CPIF is calculated monthly based on the same data that is used for the main CPI calculation. However, the direct impact of changes in the monetary policy is excluded from the calculation. It is believed that the Riksbank's monetary policy affects the CPI through changes in mortgage rates. However, these changes are not connected with the underlying inflationary pressure. The index shows the change in the current month compared to the same month of the previous year.
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.
A higher than expected reading should be taken as positive/bullish for the SEK, while a lower than expected reading should be taken as negative/bearish for the SEK.
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.
A higher than expected reading should be taken as positive/bullish for the SEK, while a lower than expected reading should be taken as negative/bearish for the SEK.
Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).
Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Industrial Confidence is an economic calendar event in Norway that provides valuable insight into the overall sentiment of businesses operating within the manufacturing and industrial sectors. This survey-based index plays a critical role in monitoring market trends, driving forces, and potential future changes in the nation's economy.
Conducted on a quarterly basis, the Industrial Confidence survey gathers data from a variety of business leaders, including executives and managers from manufacturing and industrial corporations, to gauge their current and future expectations. Factors assessed include order levels, production, employment, and investment plans, providing a comprehensive outlook on the industry's future.
A higher-than-expected Industrial Confidence reading typically indicates optimism among businesses in the manufacturing and industrial sectors, which often leads to increased production and economic growth. On the other hand, a lower-than-expected reading suggests pessimism in these sectors, which might result in decreased business activity and potential economic slowdown.
Investors and market participants pay close attention to the Industrial Confidence data, as it offers a valuable glimpse into the health of the Norwegian economy and potential market trends, thereby influencing investment decisions and currency movements.
Commodity flows between the Norwegian statistical territory and other countries.The Norwegian statistical territory comprises the Norwegian customs territory, the Norwegian part of the continental shelf, Svalbard, Björnöya and Jan Mayen. Imports comprise goods that are declared directly at the border crossing or via a customs' warehouse. Imports of ships and oil platforms are transactions where a vessel is transferred from a foreign to a Norwegian company as registered owner of the vessel. Exports comprise goods declared for exports directly from free circulation and from customs warehouses. Exports of ships and oil platforms are transactions where a vessel is transferred from a Norwegian to a foreign company as registered owner of the vessel. In the external trade statistics the term ""traditional goods"" means goods exclusive of ships and oil platforms and exports also exclusive of crude oil and natural gas. A higher than expected reading should be taken as positive/bullish for the NOK , while a lower than expected reading should be taken as negative/bearish for the NOK.