FX.co ★ Traders economic calendar. International economic events

Revenue is the amount of money that is brought into a company by its business activities. In the case of government, revenue is the money received from taxation, fees, fines, inter-governmental grants or transfers, securities sales,mineral rights and resource rights, as well as any sales that are made.

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.

Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. M3 is a broad monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits, certificates of deposit, all other deposits and repurchase agreements. A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.

New orders measure the value of orders received in a given period of time. They are legally binding contracts between a consumer and a producer for delivering goods and services. New orders indicate future industrial output and production requirements.The Manufacturers Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. There are 89 separately tabulated industry categories in the M3 survey. These categories are groupings of the 473 manufacturing industries as defined in the 1997 North American Industry Classification System (NAICS) Manual. The monthly M3 estimates are based on information obtained from most manufacturing companies with $500 million or more in annual shipments. In order to strengthen the sample coverage in individual industry categories, the survey includes selected smaller companies. Value of Shipments - The value of shipments data in the M3 survey represents net selling values, f.o.b. plant, after discounts and allowances and excluding freight charges and excise taxes.

The Durables Excluding Transport event is an important economic indicator that measures the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. Durable goods are products that have a lifespan of three years or more, such as machinery, equipment, vehicles, and electronics.

This event provides insights into manufacturing activity and consumer demand for long-lasting goods. Since transportation items, such as aircraft and automobiles, can cause significant volatility in the data due to their high ticket prices and fluctuating demand, excluding these items gives a clearer picture of the overall health of the durable goods manufacturing sector.

Higher values for Durables Excluding Transport indicate increased demand for durable goods and signal potential growth in manufacturing and economic activity. Conversely, lower values may suggest decreased demand and a slowdown in the economy. Investors and policymakers closely monitor this indicator as it influences investment strategies and guides monetary policy decisions.

Factory Orders measures the change in the total value of new purchase orders placed with manufacturers. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders.

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

Factory Orders measures the change in the total value of new purchase orders placed with manufacturers, but excluding all orders related to the transportation industry. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

Total Vehicle Sales measures the annualized number of new vehicles sold domestically in the reported month. It is an important indicator of consumer spending and is also correlated to consumer confidence.

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

Philip R. Lane, member of the Executive Board of the European Central Bank, is set to speak. His speeches often contain indications on the future possible direction of monetary policy.

The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.

If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

The EIA Refinery Crude Runs is an economic calendar event that focuses on the weekly report provided by the United States Energy Information Administration (EIA). This report features data on the total volume of crude oil processed within American refineries, also known as crude runs.

An increase in refinery crude runs could indicate higher demand for crude oil, which in turn corresponds to strong economic growth. On the other hand, a decrease in refinery crude runs may signal a possible decline in demand for crude oil or refining capacity, reflecting weakening economic activity. As a result, industry participants and market analysts pay close attention to this data, as it can significantly impact the crude oil market and provide insights into the overall health of the US economy.

Crude Oil Imports is an economic calendar event that highlights the change in the volume of imported crude oil into the United States. This information provides valuable insights into the overall health of the US energy sector and the nation's reliance on foreign oil supplies.

A positive change in the volume of crude oil imports indicates an increasing demand for oil, which could be driven by factors such as economic growth and rising industrial activity. Conversely, a decrease in crude oil imports may suggest a decline in demand or an increase in domestic oil production. This data can have a significant impact on the oil market and the value of the US dollar, as well as influencing the decisions of policymakers and investors.

Crude Oil Imports is typically monitored by energy market participants, economists, and policymakers, as it can provide useful insights into the dynamics of the energy market and potential shifts in global market trends. The data is released by the US Energy Information Administration (EIA) on a weekly basis, and it is widely regarded as a key indicator of the US energy market's performance.

Change in the number of barrels of crude oil held in storage at the Cushing, Oklahoma during the past week. Storage levels at Cushing are important because it serves as the delivery point for the U.S. crude oil benchmark, West Texas Intermediate.

Distillate Fuel Production is an important economic indicator that provides insight into the overall energy production and demand in the United States. Distillate fuels, such as diesel and heating oil, are commonly used for a variety of purposes, including transportation, heating, and industrial processes. This data is closely monitored by both investors and policymakers as a measure of the health of the energy sector and the overall economy.

Increased distillate fuel production can result from rising demand due to economic growth, seasonal factors, or changes in energy policies. Conversely, decreased production can reflect weakening demand or supply disruptions. This indicator's fluctuations may impact the prices of distillate fuels, which in turn can affect consumer spending, inflation, and trade balances.

Distillate Fuel Production figures are typically released on a weekly basis by the U.S. Energy Information Administration (EIA), providing updated and relevant data for traders, investors, and businesses alike. Understanding the trends and patterns in this data can help inform decision-making processes and investment strategies.

The Energy Information Administration reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage. The indicator gives an overview of US petroleum demand.

Gasoline Production is a significant economic calendar event that pertains to the United States. It indicates the volume of gasoline manufactured domestically on a weekly basis. The data is collected and published by the Energy Information Administration (EIA).

As gasoline is a key component in fueling the transportation sector, its production levels have a notable impact on energy prices, supply chains, and consequently, the overall economy. When gasoline production increases, it reflects positively on the industrial sector's performance and serves as an indicator of economic growth.

However, high gasoline production levels may also lead to an oversupply in the market, causing prices to drop. Investors and analysts track the Gasoline Production report to make informed decisions regarding the energy and transportation sectors' performance and predict the potential implications on the general economy.

Heating Oil Stockpiles is an economic calendar event that provides insights into the United States' current inventory levels of distillate fuel oil, which is primarily used for home heating purposes. These stockpiles are essentially reserves of heating oil that are stored, produced, and supplied to meet the country's demand during cold months and fluctuating market conditions.

Tracking heating oil stockpile trends can help investors gauge the overall health of the energy market and anticipate potential price fluctuations in heating oil. Significant changes in the stockpile levels may indicate disparities between supply and demand for the commodity, thus affecting its market price. These data can also provide valuable information about the performance and stability of refining companies, distributors, and other businesses within the oil and gas industry.

This economic calendar event is typically released by the United States Energy Information Administration (EIA) on a weekly basis. Investors, traders, and analysts closely monitor these data to formulate strategies and make informed decisions in the energy markets.

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.

Currency Reserves is an economic calendar event in Denmark that represents the total value of a country's foreign currency holdings and assets, including foreign banknotes, government bonds, gold reserves, and special drawing rights at the International Monetary Fund (IMF).

Foreign currency reserves are primarily held to facilitate international transactions, promote economic stability, and maintain a country's reputation in the global economy. A high level of currency reserves can help the Danish government stabilize the exchange rate and support the national currency in times of economic volatility.

Investors and analysts pay close attention to currency reserves data, as changes in these reserves can influence the relative value of the national currency, affect domestic interest rates, and impact the overall economic outlook. Sudden movements in currency reserves may signal potential government intervention in the foreign exchange market or adjustments to 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. 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.

Total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs).A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.

Russian Real Wage Growth is an important economic calendar event that tracks the changes in salaries, adjusted for inflation, in Russia. This indicator takes into account the variation in consumer prices to provide a more accurate picture of salary increases or decreases. Real wage growth is a key measure to assess the overall economic health of the country and plays a crucial role in the wellbeing of citizens.

A positive real wage growth rate shows that the salary increases outpace inflation, allowing citizens to comfortably meet their living expenses and contribute to the growth of the national economy. On the other hand, a negative real wage growth rate implies that salary increments lag behind inflation, limiting the purchasing power of individuals and possibly hampering overall economic development.

As a result, the Russian Real Wage Growth event holds significant interest among investors, policymakers, and market analysts. Higher than expected figures indicate favorable economic conditions, while lower than expected numbers may hint at potential economic challenges or a slowdown.

The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in Russia excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence.

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

The Unemployment Rate is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in Russia.

A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in Russia and should be taken as positive for the RUB.

The car registrations published by the European Automobile Manufacturers’ Association (ACEA) describe the number of new passenger car registrations in Italy. If the number increases, this is a sign of increasing consumption. At the same time, Italian carmakers are earning more money, leading to rising profits. This generally boosts the economy - and vice versa. If car registrations are higher than expected, this usually leads to a rising euro (EUR) exchange rate on the currency markets. Conversely, the euro exchange rate (EUR) falls if new registrations are lower than expected or if expectations are missed.

Business Confidence rates the current level of business conditions. It helps to analyze the economic situation in the short term. A rising trend indicates an increase in business investment which may lead to higher levels of output.

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

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 RUB, while a lower than expected reading should be taken as negative/bearish for the RUB.

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.

European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. As head of the ECB, which sets short term interest rates, she has a major influence over the value of the euro. Traders watch her speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. Her comments may determine a short-term positive or negative trend.

This economic calendar event refers to a scheduled public appearance or speech by the former United States President Donald Trump. During his time in office from 2017 to 2021, Trump often addressed the nation and world on various topics, including economic matters, employment rates, trade agreements, and fiscal policies.

Market participants and investors pay close attention to these speeches, as they may provide insights into the administration's policy direction or reveal market-sensitive information. Changes in economic policies or the announcement of new initiatives can significantly impact financial markets, including stock markets, bond markets, and currency markets. The content and tone of the speech may lead to short-term volatility or long-term trends in financial markets, depending on the impact on investor sentiment and the perceived implications for economic growth, inflation, and interest rates.

FOMC Member Kugler Speaks is an important economic calendar event where the Federal Open Market Committee (FOMC) member shares their views on the current and future economic outlook, monetary policy decisions, and other financial matters. Markets closely watch these speeches, as they offer valuable insights into the thinking of central bank officials and can provide hints of upcoming FOMC action.

As an FOMC member, Kugler plays a vital role in shaping the monetary policy of the United States. Understanding their perspective, as well as paying attention to any potential policy signals, helps investors make informed decisions based on the likely direction of interest rates and central bank policy.

Foreign exchange reserves are only the foreign currency deposits held by central banks and monetary authorities. The Bank of South Korea operates in the FX markets by buying and selling foreign currency in response to exchange rate movements. The dollars which the Bank is purchasing become part of the Bank's foreign exchange reserves.

Building Consents (also known as Building Permits) measures the change in the number of new building consents issued by the government. Building consents are a key indicator of demand in the housing market.

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

The Judo Bank Services PMI (Purchasing Managers' Index) measures the performance of the service sector in Australia. It is an indicator of the economic health of the sector, which is vital as it comprises a significant portion of the economy. The index is derived from monthly surveys of purchasing managers in service-based companies, covering sectors like finance, insurance, real estate, transport, and communication.

A PMI above 50 signals expansion in the service sector, while a figure below 50 indicates contraction. Investors and policymakers closely monitor this data to assess economic growth, make business decisions, and formulate monetary policy. Fluctuations in the Services PMI can have significant implications for financial markets, as it reflects consumer demand and business activity levels within the Australian economy.

RBA Gov Bullock Speaks is an economic calendar event in which the Reserve Bank of Australia's (RBA) Assistant Governor, Michelle Bullock, publicly addresses an audience on a variety of topics related to the Australian economy, monetary policy, and financial stability. Her speeches may provide insight into the central bank's current and future monetary policy stance, as well as any changes to interest rates, inflation targets, and other key economic indicators.

Market participants closely monitor these speeches for any hints or policy-related information that could impact financial markets, the Australian dollar exchange rates, and future RBA decisions. Unanticipated shifts in policy or tone during these speeches can potentially lead to significant market reactions.

Foreign Bonds Buying number measures the flow from the public sector excluding Bank of Japan. The Net data shows the difference of capital inflow and outflow. A positive difference indicates net sales of foreign securities by residents (capital inflow), and a negative difference indicates net purchases of foreign securities by residents (capital outflow). A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.

Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Balance of payments shows strenghts and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies. It is also important to investors of domestic companies that depend on exports. Securities investment, contract basis. Securities investment refers to flows from the public sector excluding Bank of Japan. Bonds include beneficiary certificates but exclude all bills. The Net data shows the difference of capital inflow and outflow.

The ANZ Commodity Price Index measures the change in the selling price of exported commodities. Commodities exports comprise a major part of New Zealand's economy. The data also has an effect on the country's trade balance. The report is released monthly by ANZ, one of New Zealand's leading banking and financial services firms.

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

The survey covers transport & communication, financial intermediation, business services, personal services, computing & IT and hotels & restaurants. Each response received is weighted according to the size of the company to which the questionnaire refers & the contribution to total service sector output accounted for by the sub-sector to which that company belongs. This therefore ensures that replies from larger companies have a greater impact on the final index numbers than replies from small companies.The results are presented by question asked, showing the % of respondents reporting an improvement, deterioration or no-change since the previous month. From these %, an index is derived such that a level of 50.0 signals no-change since the previous month. Above 50.0 signals an increase (or improvement),below 50.0 a decrease(or deterioration).The greater the divergence from 50.0, the greater the rate of change signaled.

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 AUD, 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 AUD, while a lower than expected number as negative.

The Reserve Bank of Australia's Financial Stability Review is released twice per year and contains an assessment of conditions in the financial system and potential risks to financial stability.

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 AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

The au Jibun Bank Services Purchasing Managers' Index (PMI) is a key indicator of the economic health of Japan's service sector. Compiled by IHS Markit and published by au Jibun Bank, this index measures the activity levels of purchasing managers in the service industry. A PMI reading above 50 signifies expansion in the sector, while a reading below 50 indicates contraction.

The index considers factors such as new business, employment, supplier delivery times, and inventories. It provides insights into various service industries, including finance, real estate, and communications, among others. Market participants watch this PMI closely as it can offer early signals about economic conditions and future GDP growth in Japan.

The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; 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.

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

The report is an assessment of conditions in the financial system and potential risks to financial stability. The evidence on strains and imbalances can provide clues into the future of monetary policy.

The Chinese HSBC Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The HSBC Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices. 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.

The figures displayed in the calendar represent the yield on the JGB auctioned.

JGB's have maturities of up to 50 years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a JGB represents the return an investor will receive by holding the note for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.