FX.co ★ Traders economic calendar. International economic events

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.

U.S. Treasury Bills have maturities of a few days to one year. 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 Treasury Bill represents the return an investor will receive by holding the bill 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.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.

U.S. Treasury Bills have maturities of a few days to one year. 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 Treasury Bill represents the return an investor will receive by holding the bill 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.

The Cbank CoD Rate is an economic calendar event in Denmark that refers to the interest rate on short-term debt instruments issued by the country's central bank, also known as the certificate of deposit rate. This rate can affect borrowing costs for businesses and consumers, and influence investment decisions, as it plays a significant role in determining the overall direction of interest rates in the Danish economy.

A change in the Cbank CoD Rate may signal a change in monetary policy, reflecting the central bank's stance on inflation and economic growth. When the central bank increases the CoD rate, borrowing becomes more expensive, which could potentially slow down economic growth and inflation. Conversely, a decrease in the rate may stimulate economic activity and might lead to higher inflation.

Investors, analysts, and businesses closely monitor changes in the Cbank CoD Rate, as it can provide critical insight into the central bank's future policy decisions, as well as the general health and direction of the Danish economy. As a time-sensitive economic event, market participants should keep a close eye on announcements and decisions related to the Cbank CoD Rate.

The Current Account Rate is one of Denmark's key economic indicators that measures the difference between the country's total imports and exports of goods and services, as well as transfers and net income from investments across national borders.

A positive Current Account Rate indicates that Denmark has a trade surplus, which means that the value of its exported goods and services exceeds the value of its imports. On the other hand, a negative Current Account Rate implies that Denmark has a trade deficit, with higher import values than its exports.

This economic calendar event is important for financial market participants, since it provides insights into the country's trade balance, as well as its overall economic health and growth prospects. Investors, businesses, and policymakers closely monitor the Current Account Rate to make informed decisions about their investments and economic policies.

The discount rate is a key economic event for Denmark, as it affects the nation's borrowing costs, investments, and overall financial markets. This significant monetary policy tool, set by Danmarks Nationalbank, represents the interest rate charged to commercial banks for short-term loans.

In addition to influencing the cost of borrowing for businesses and households, the discount rate also impacts the money supply, inflation, and employment. A higher rate typically restricts the money supply, while a lower rate encourages economic growth and lending activity. The bank's adjustments to the rate stem from its aims to ensure price stability and maintain the stability of the Danish krone.

Investors and financial analysts keep a close watch on changes to the discount rate, as it has important implications for the trajectory of economic growth and future policy decisions. As a result, fluctuations in the rate can lead to shifts in market sentiment and market performance. To stay informed about the economy and make educated financial decisions, it is crucial to monitor the discount rate's development.

The Denmark Lending Rate is a key economic calendar event that highlights the interest rate set by the Danmarks Nationalbank, which is the country's central bank. This rate affects the cost of borrowing for financial institutions, and in turn, influences various facets of the Danish economy.

When the central bank adjusts the lending rate, it can either boost economic growth by encouraging borrowing and investment or curb inflation by making borrowing more expensive. As a result, changes in the lending rate can cause significant shifts in various financial markets, including stocks, bonds, and currency exchange rates.

Investors, traders, and businesses closely monitor this event as it provides valuable insight into the stance of Denmark's monetary policy and the overall economic health of the country.

Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Depending on the degree of liquidity chosen to define an asset as money, various monetary aggregates are distinguished: M0, M1, M2, M3, M4, etc. Not all of them are used by every country. Note that methodology of calculating money supply varies between countries. M2 is a 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 and small certificates of deposit. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prices. Money supply M2 represents total liquidity. It contains currency in circulation + time deposits + foreign currency denominated current deposits.

Federal Reserve Bank of San Francisco President and Chief Executive Officer Mary Daly. Her public engagements are often used to drop subtle clues regarding future monetary policy.

The Banco de la Republica Colombia (Bank of Colombia) 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 COP, while a lower than expected rate is negative/bearish for the COP.

Bank of Canada (BOC) Governor Tiff Macklem (June 2020 - June 2027) will speak. As head of the BOC's Governing Council, which controls key short-term interest rates, Macklem has more influence over the Canadian dollar's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may determine a short-term positive or negative trend.

Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest.

Fed Governor Cook Speaks is an economic calendar event where a key member of the Federal Reserve, Governor Cook, delivers a speech to address various aspects of the US economy. The topics of discussion can range from monetary policy, economic growth, inflation, employment, and other pertinent issues that have significant implications on the country's financial landscape.

Market participants and investors closely monitor this event, as the insights and views shared by the Fed Governor can influence the future direction of monetary policy, interest rates, and overall expectations about the economy. Subtle changes in tone and language during the speech can provide opportunities for market analysis and strategy adjustments, helping investors to make informed decisions.

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

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

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

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

Reserve Bank of Australia (RBA) board members come to a consensus on where to set the 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 AUD, while a lower than expected rate is negative/bearish for the AUD.

The Reserve Bank of Australia's (RBA) monthly rate statement contains the outcome of bank's interest rate decision and discusses the economic conditions that influenced the decision. It can also give investors clues to the outcome of future decisions.

A more dovish than expected statement could be taken as negative/bearish for the AUD, while a more hawkish than expected statement could be taken as positive/bullish for the AUD.

The Riyad Bank Composite Purchasing Managers' Index (PMI) provides a reflection of the economic health of the non-oil private sector in Saudi Arabia. It is a composite index derived from monthly surveys of private sector companies covering areas such as new orders, production, employment, supplier deliveries, and inventories. A PMI above 50 indicates expansion in the non-oil private sector, while a reading below 50 indicates contraction. The index is widely monitored by economists, policymakers, and investors as it is considered a leading indicator of economic activity and business conditions in Saudi Arabia's non-oil sectors. The PMI is crucial for identifying trends in the economy, informing decision-making, and providing insights into future economic performance.

The Reserve Bank of Australia's (RBA) quarterly monetary policy statement provides valuable insight into the bank's perspective on economic conditions and inflation.

The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI. 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.

The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production or as they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs.

The Trade Balance index measures the difference in worth between exported and imported goods over the reported month. Export demand is directly linked to currency demand, while export demand also has an impact on production levels.

Foreign trade statistics include imports, imports with waiver and exports. Import figures include all direct imports to the country for domestic consumption also goods entering the customs area for temporary admission transit transhipment or to be stored in a bonded warehouse and then offered to the domestic market after modification of their import status Exports include goods produced domestically. Foreign trade statistics exclude export and import data obtained from duty-free zones and duty-free shops. Items not considered as exports include; -Border and coastal trade -Transit and re-export trade -Exports with waiver -Temporary exports, -Goods returned to their place of origin and -Exports of imports with waiver by temporary admission or by temporary exemption.

Foreign trade statistics include imports, imports with waiver and exports. Import figures include all direct imports to the country for domestic consumption also goods entering the customs area for temporary admission transit transhipment or to be stored in a bonded warehouse and then offered to the domestic market after modification of their import status Exports include goods produced domestically. Foreign trade statistics exclude export and import data obtained from duty-free zones and duty-free shops. A higher than expected reading should be taken as positive/bullish for the TRY , while a lower than expected reading should be taken as negative/bearish for the TRY.

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.

The French Government Budget Balance measures the difference in value between the government's income and expenditure for the year-to-date. A negative number indicates a budget deficit, while a positive number indicates a surplus.

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 car registrations published by the European Automobile Manufacturers’ Association (ACEA) describe the number of new passenger car registrations in France. If the number increases, this is a sign of increasing consumption. At the same time, French 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.

Spanish Unemployment Change measures the change in the number of unemployed people during the previous month. A higher than expected reading should be taken as negative/bearish for the EUR, while 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 inflation 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 figures displayed in the calendar represent the average yield on the Letras del Tesoro auctioned.

Spanish Bills have maturities of less then two 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 yield on the Letras del Tesoro represents the return an investor will receive by holding the treasury 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.

The figures displayed in the calendar represent the average yield on the Letras del Tesoro auctioned.

Spanish Bills have maturities of less then two 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 yield on the Letras del Tesoro represents the return an investor will receive by holding the treasury 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.

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.

The car registrations published by the European Automobile Manufacturers’ Association (ACEA) describe the number of new passenger car registrations in the United Kingdom. If the number increases, this is a sign of increasing consumption. At the same time, British 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 pound (GBP) exchange rate on the currency markets. Conversely, the pound exchange rate (GBP) falls if new registrations are lower than expected or if expectations are missed.

The figures displayed in the calendar represent the average yield on the Schatz note auctioned.

German Schatz notes have maturities of two 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 yield on the Schatz represents the return an investor will receive by holding the treasury 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.

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.

Michelle W. Bowman took office as a member of the Board of Governors of the Federal Reserve System on November 26, 2018, to fill an unexpired term ending January 31, 2020. Her public engagements are often used to drop subtle clues regarding future monetary policy.

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

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

The consumer confidence index is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. The performance of the economy of a country is reflected in macro-economic variables, such as the gross national product, external debt, interest rates, foreign exchange rates, imports, exports, stock market prices, inflation rates, real wages, unemployment rate, and so on. The state of the economy is also reflected in the micro-behavior of the consumers. The attitudes and behaviors of individual consumers affect the performance of the economy. For example, if they believe that the economy is heading in a certain direction, then they would make their savings or spending plans according.

Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. A higher than expected reading should be taken as positive/bullish for the MXN , while a lower than expected reading should be taken as negative/bearish for the MXN.

Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.

German Buba Balz Speaks is an economic calendar event that highlights a public speaking engagement or presentation made by a high-ranking official from the Bundesbank (Germany's central bank). During this event, the speaker typically shares insights and updates on the country's economy, inflation, monetary policy, and other key factors impacting Germany's financial landscape.

Investors and market participants pay close attention to these speeches as they may contain valuable information on the central bank's future monetary policy decisions, which can influence the German financial markets, the euro currency, and European bond markets. Any remarks made by the Buba Balz speaker could also serve as an indicator of the overall economic health and direction for Germany, Europe's largest economy.

German Buba Balz Speaks events should be monitored closely by those seeking to make informed decisions or gain an understanding of trends, changes, and developments within German and European financial markets.

This economic calendar event refers to a public speaking engagement by one of the Members of the Bank of England's (BoE) Financial Stability Committee, Sarah Breeden. These engagements may include speeches, panel discussions or testimony before parliament.

When BoE Breeden speaks, her remarks can provide valuable insight into both the current state of the UK economy and the Bank's monetary policy stance. Market participants, such as traders and investors, pay close attention to her speeches, as they may contain hints about potential shifts in monetary policy which can have a significant impact on financial markets and currency exchange rates.

 The exports number provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. A higher than expected number should be taken as positive to the CAD, while a lower than expected number as negative

The Imports number measures any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. A lower than expected number should be taken as positive to the CAD, while a higher 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 CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

The exports number provides the total US dollar amount of merchandise exports. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.