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Economic Calendar
Monday, 12 October
The Car Sales report is an economic calendar event that tracks the monthly sales of motor vehicles in Indonesia. It is an important economic indicator, as it reflects consumer spending and overall trends in consumer confidence. The data can also provide insights into the health of the automotive industry and its contribution to the country's Gross Domestic Product (GDP).
Higher car sales often signal positive consumer sentiment and economic growth, as consumers are more likely to make big-ticket purchases when they feel confident about their financial situation. On the other hand, lower car sales may indicate that consumers are holding back on spending, potentially as a result of economic uncertainty or other factors influencing their disposable income levels.
Policy-makers, investors, and other stakeholders closely monitor car sales data in Indonesia. The government uses this information to make decisions on fiscal and monetary policies that aim to strengthen economic growth and create a stable business environment, while investors assess market trends to inform their investment strategies in the automotive sector and beyond.
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 EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
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.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
The purpose of the consumer price index is to measure the development of the prices charged to consumers for goods and services bought by private households in Denmark.The consumer price index is used as a measurement of and is a key economic figure, which is used by a large number of public and private companies and interested members of the general public in connection with monitoring economic developments. Furthermore, the index is used for regulating (indexation) contracts, pensions, wages and salaries, rents, etc. The index weights for the detailed indices (elementary aggregate indices) are calculated on the basis of data from the national accounts on final consumption expenditure of households in Denmark, supplemented by detailed information from the Household Budget Survey. A higher than expected reading should be taken as positive/bullish for the DKK , while a lower than expected reading should be taken as negative/bearish for the DKK.
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time.A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors interest in the local currency, appreciating its exchange rate. A higher than expected reading should be taken as positive/bullish for the DKK , while a lower than expected reading should be taken as negative/bearish for the DKK.
The HICP, or Harmonised Index of Consumer Prices, is an economic calendar event for Denmark that measures the changes in the prices paid by consumers for a specific basket of goods and services. The index is harmonised across European Union (EU) countries using official guidelines in order to ensure comparability and reliability.
This indicator serves as a tool for understanding the inflation trends in Denmark and evaluating the effectiveness of the country's monetary and fiscal policies. A rise in the HICP signifies increasing inflation, which may prompt central banks to implement measures to manage inflationary pressures. Conversely, a decline in the HICP indicates deflation, which can lead to decreased spending and investment.
Investors and policymakers closely monitor the HICP due to its implications on the economy, interest rates, and currency valuation. It is important for market participants to keep an eye on this event in order to stay informed about the current state of the Danish economy and make informed decisions.
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.
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 Turkey 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 TRY, while a lower than expected reading should be taken as negative/bearish for the TRY.
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 Turkey 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 TRY, while a lower than expected reading should be taken as negative/bearish for the TRY.
The budget of a government is a summary or plan of the intended revenues and expenditures of that government. Surplus in general refers to an excess of income over expenditure. Deficit refers to the negative of the budget surplus, thus the excess of expenditure over income.
The figures displayed in the calendar represent the average yield on the Bubill auctioned.
German Bubills have a maturity of up to 2 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 Bubill 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 Bubill auctioned.
German Bubills have a maturity of up to 2 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 Bubill 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.
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.
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.
The Consumer Price Index (CPI) in Serbia is a significant economic calendar event that reflects the changes in the general price level of consumer goods and services purchased by households in the country. This index is compiled and published on a monthly basis by the Statistical Office of the Republic of Serbia.
The CPI is used as a key measure of inflation, providing useful insights into the purchasing power of household income, as well as an essential tool for both the government and central banks in devising appropriate economic policies, such as interest rate adjustments and fiscal measures. A high or growing CPI may indicate increased inflation and the potential need for intervention, whereas a low or declining CPI suggests price stability or even deflationary pressures.
For investors, traders, and businesses alike, monitoring the CPI event in Serbia is essential for understanding the health of the country's consumer market and making informed decisions on local investment, trade, and business expansion strategies.
The Consumer Price Index (CPI) is a vital economic indicator that measures the average price change in a basket of consumer goods and services over a specific period. In the case of Serbia, this index reflects the changes in costs for household consumption in both urban and rural areas across various regions.
By assessing the price fluctuations in this basket, the CPI can help track inflation trends and evaluate the purchasing power of the Serbian population. Consequently, it plays a crucial role in shaping economic policies and informing investment decisions in Serbia.
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
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. Current account records the values of the following: - trade balance -exports and imports of goods and services - income payments and expenditure -interest, dividends, salaries - unilateral transfers -aid, taxes, one-way gifts. It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and therefore helps to achieve balanced economic growth.
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.
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 MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
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 MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
The Consumer Price Index (CPI) is a significant economic calendar event for Rwanda. It is a key economic indicator that measures the average change in the prices paid by consumers for a fixed basket of goods and services over a specified period of time.
This index is crucial for understanding inflation trends in the country and is used by policymakers to make informed decisions on monetary policy, interest rates, and other economic policies aimed at stabilizing the economy and promoting sustainable growth.
Typically, an increase in CPI indicates a rise in inflation as consumers are paying higher prices for the same goods and services. This can lead to a decrease in purchasing power and potential adjustments in monetary policy. Conversely, a decrease in CPI signals that inflation is slowing, which may result in increased purchasing power as prices fall and consumers are able to buy more with the same amount of money.
Dr Catherine L Mann serves as a member of the Monetary Policy Committee (MPC) of the Bank of England. Her public engagements are often used to drop subtle clues regarding future monetary policy.
The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments.
Export data can give reflection on Russia's growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the RUB.
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 figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 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 yield on the BTF 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 Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 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 yield on the BTF 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 Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 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 yield on the BTF 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 British Retail Consortium (BRC) Retail Sales Monitor measures the change in the value of same-store sales in BRC-member retail outlets in the U.K.
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.
Bank Lending measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence.
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 (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).
Tuesday, 13 October
The National Australia Bank (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The index is based on data collected from a survey of around 350 companies. A level above zero indicates improving conditions; below indicates worsening conditions.
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.
Business confidence is a measure of respondents expectations of business conditions in their industry for the upcoming period. Business conditions is a simple average of trading, profitability and employment indices, reported by respondents for their company. 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 (RBA) Monetary Policy Meeting Minutes are a detailed record of the bank's most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision.
More dovish than expected minutes could be taken as negative/bearish for the AUD, while more hawkish than expected minutes could be taken as positive/bullish for the AUD.
Foreign capital actually utilized refers to the amount which has been actually used according to the agreements and contracts, including cash, materials and invisible capital such as labour service and technology which both parties agree to take as an investment. A higher than expected reading should be taken as positive/bullish for the PHP, while a lower than expected reading should be taken as negative/bearish for the PHP.
Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. 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 Dutch Consumer Price Index (CPI) measures the average change over time in the prices paid by households in the Netherlands for a fixed basket of goods and services, such as food, energy, housing, transport, and recreation. It is compiled by Statistics Netherlands (CBS) using detailed price surveys.
CPI is a key indicator of inflation and purchasing power. It is closely monitored by financial markets, businesses, and policymakers, including the European Central Bank, because it helps assess inflation trends, guide interest rate expectations, and inform wage negotiations and indexation of contracts and benefits.
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its currency account it means that it has a saving deficit. Current account records the values of the following: - trade balance exports and imports of goods and services - income payments and expenditure, interest, dividends, salaries - unilateral transfer, aid, taxes, one way gifts It shows how a country deals with the global economy on a non-investment basis.
The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
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 German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
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.
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.The HICP are designed expressly for international comparisons of consumer price inflation across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose).
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.The HICP are designed expressly for international comparisons of consumer price inflation across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose).
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) 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 CZK, while a lower than expected reading should be taken as negative/bearish for the CZK.
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 CZK, while a lower than expected reading should be taken as negative/bearish for the CZK.
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: - (BOP) TRADE BALANCE: Export f.o.b. less Imports c.i.f. - (BOP) GENERAL GOVERNMENT: This covers all government current expenditure and receipts not appropriated to trade balance or to other transactions. - (BOP) TRANSPORT: Sea Transport and Civil Aviation: Receipts and payments for passenger fares, freight, charter hire, passage money, oil bunkers, airport charges and other disbursements. - (BOP) TRAVEL: The net value of Personal expenditure from tourism. - (BOP) FINANCIALS AND OTHER SERVICES - (BOP) INTEREST, PROFITS, AND DIVIDENDS - (BOP) TRANSFERS
Frank Elderson, member of the Executive Board and Vice-Chair of the Supervisory Board of the European Central Bank, is set to speak. His speeches often contain indications related to the future possible direction of monetary policy.
The Fed Waller Speaks event is an important occasion in the economic calendar of the United States, as it features a speech by Federal Reserve Bank of St. Louis President, Christopher J. Waller. Appointed to this prestigious position in 2020, Waller plays a significant role in shaping U.S. monetary policy as a voting member of the Federal Open Market Committee (FOMC).
During this event, financial analysts, market participants, and journalists keenly observe Waller's remarks, searching for cues on the Fed's monetary policy stance, economic outlook, and other factors that may influence markets, interest rates, and the U.S. dollar. Consequently, his speeches can generate volatility in financial markets, with traders adjusting their strategies based on any new insights revealed.
It is important for investors to keep an eye on the Fed Waller Speaks event, as it can offer valuable information about the future direction of monetary policy, helping them make informed decisions and better anticipate market reactions.
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 Buoni del Tesoro Poliannuali or BTP auctioned.
Italian BTP bonds have maturities of three,five, ten, fifteen and thirty 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 BTP 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 Buoni del Tesoro Poliannuali or BTP auctioned.
Italian BTP bonds have maturities of three,five, ten, fifteen and thirty 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 BTP 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 Italian 7-Year BTP Auction is an economic event during which the Italian government periodically auctions off medium to long-term sovereign debt securities, called Buoni del Tesoro Poliennali (BTP), with a maturity of 7 years. Investors and institutions actively participate in these auctions to acquire the securities and thus, fund the government expenditures.
These auctions play a critical role in determining Italy's borrowing costs as higher yields indicate that investors perceive higher risks associated with lending money to the government. Therefore, the details of the auction, including the demand, yield, and coverage ratio, are closely monitored by stakeholders to understand the sentiments of investors towards Italian sovereign debt. An increase in investor confidence generally leads to lower yields, which contribute to lower borrowing costs and positively impact the Italian economy.
Gold Production is a significant economic calendar event for South Africa, considering the importance of the precious metal in the country's economy. This event sheds light on the amount of gold produced during a specific period, providing valuable insight into the performance of the country's mining industry and overall economic health.
A higher-than-expected gold production level typically results in a positive outlook for South Africa's economy, reflecting growth and development in the mining sector. On the other hand, a lower-than-expected level could indicate challenges within the industry, potentially affecting South Africa's economic stability and attractiveness for investments.
Statistics South Africa (Stats SA) publishes monthly mining production indices and mineral sales based on the information furnished by the Department of Mineral Resources and Energy (DMRE). The results of this survey are used to calculate the volume of mining production indices in order to estimate the gross domestic product (GDP) and its components, which in turn are used to develop and monitor government policy.
The figures displayed in the calendar represent the average yield on the Bobls note auctioned.
German Bobls notes have maturities of five 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 Bobls 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 National Federation of Independent Business (NFIB) Small Business Optimism Index is a composite of ten seasonally adjusted components. It provides a indication of the health of small businesses in the U.S., which account of roughly 50% of the nation's private workforce.
The Consumers Price Index (CPI) measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. In other words, prices indicator of what is happening to prices consumers are paying for items purchased. With a given starting point or base period which is usually taken as 100, the CPI can be used to compare current period consumer prices with those in the base period. Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. 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 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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Residential Property Prices event tracks the changes in the sale prices of residential properties in Ireland. This important economic indicator serves as a gauge for the health and direction of the housing market in the country.
Accurate and up-to-date information on property prices can assist potential homebuyers, sellers, investors, and policymakers in making informed decisions. Factors such as supply and demand, interest rates, and economic conditions can impact property prices. An increase in residential property prices indicates a growing housing market and strong demand, while a decrease may suggest a weakening market with lowered demand.
Keep an eye on Ireland's Residential Property Prices event to better understand the current housing market trends and make well-informed decisions related to property investments and transactions.
The Residential Property Prices event is an important indicator for the real estate sector in Ireland. It provides insight into the selling prices of residential properties, including new and used homes, apartments, and townhouses. This event is closely monitored by economists, investors, and policymakers as it affects both the housing market and the overall economy.
Higher residential property prices may indicate a growing economy with increased demand for housing, while lower prices may signify a slowdown or recession. The data is also helpful for first-time homebuyers, property investors, and real estate professionals in making informed decisions.
It's worth mentioning that this event is subject to fluctuations based on factors such as supply and demand, interest rates, and government policies. Thus, it's crucial to analyze the data in context with other economic indicators for a comprehensive understanding of the Irish economy.
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.
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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Focus Market Report provides weekly mean market expectations for inflation over following month, 12 months, and following year as well as expectations for Selic target rate, real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance, collected from over 130 banks, brokers, and funds managers.
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. Current account records the values of the following: - trade balance exports and imports of goods and services - income payments and expenditure interest, dividends, salaries - unilateral transfers aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. 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. Positive current account balance is when inflows from its components into the country exceed outflows of the capital leaving the country. Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.
The ADP Employment Change Weekly report provides an estimation of the private sector employment change in the United States on a weekly basis. Compiled by the ADP Research Institute, this report offers insights into job growth trends within the non-farm private sector and is based on actual payroll data from ADP clients. It serves as a precursor to the monthly employment reports, giving early indications of labor market conditions by measuring the change in the number of employed people during the previous week, excluding government jobs and the farming industry. This metric is crucial for economists and policymakers to assess the health of the labor market and make informed decisions related to economic policy and labor practices.
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
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.
Existing Home Sales measures the change in the number of existing (not new) residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative
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 Bank of England's (BoE) Monetary Policy Committee (MPC) Member Dhingra Speaks event is a public engagement where a key representative from the UK central bank addresses monetary policy issues, economic outlook, and other financial topics. In this case, Dr. Silvana Tenreyro, a distinguished economist and policy expert, shares her insights and opinions on the economy.
As an MPC member, Dr. Tenreyro plays a vital role in deciding the UK's interest rates, quantitative easing measures, and other monetary policies. During these speaking engagements, investors, economists, and analysts pay close attention to her comments, as they offer valuable insights into the committee's thinking and potential policy shifts. Thus, her remarks can influence market sentiment, exchange rates, and other financial instruments.
Richmond Fed President Thomas Barkin. His public engagements are often used to drop subtle clues regarding future monetary policy.
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.
Soon...The Federal Budget Balance measures the difference in value between the federal government's income and expenditure during the reported month. A positive number indicates a budget surplus, a negative number indicates a deficit.
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.
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 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 ARS, while a lower than expected reading should be taken as negative/bearish for the ARS.
The National Consumer Price Index (CPI) is a critical economic indicator released by Argentina's National Institute of Statistics and Censuses (INDEC). The CPI measures the average change in prices over time that consumers pay for a basket of goods and services, typical of urban households.
This includes categories like food, housing, apparel, transportation, electronics, medical care, and other goods and services. A rise in the index signifies inflation, depicting that consumers need to spend more to maintain the same standard of living. Conversely, a drop indicates deflation.
Economists, central banks, and investors closely monitor CPI since it provides insight into the country's inflationary or deflationary pressures, a key market mover. This data, especially if it differs from market expectations, can cause substantial shifts in financial markets.
The "Fed Collins Speaks" event refers to a scheduled public address or speech held by a high-ranking official from the Federal Reserve, often a member of the Federal Open Market Committee (FOMC) or a Regional Federal Reserve Bank President. In this case, the speaker is referred to as "Collins" which may be a placeholder for an actual name, as the Federal Reserve officials may change over time.
During these events, the speaker may provide insights into the central bank's current monetary policy strategy, economic outlook, and expectations for future interest rate adjustments. The financial markets closely monitor these speeches, as they can provide valuable information on the Fed's thought process and potential changes in monetary policy that may influence economic growth, inflation, and employment.
Investors and traders pay particular attention to these events, as subtle hints or forward guidance from the speaker can have a significant impact on the financial markets, leading to changes in asset prices and volatility. While not all speeches by Federal Reserve officials carry the same weight, they remain an important part of the economic calendar for anyone interested in understanding the United States' monetary policy direction.
Tourism is a service based industry that applies to people o!G s traveling and staying in a place that is not their usual environment and for the purpose of leisure, not business. It includes such elements as accommodation, food and beverages, souvenirs, tours, transport but also relaxation, adventure, culture. Tourism can substantially impact economic development of both host countries and home countries of tourists. However, consequences can be both positive and negative. Benefits from tourism industry concern: income from tourists expenditures as well as imports and exports of goods and services, contributions to government revenues from taxes put on tourism businesses, stimulation of infrastructure investment and new employment opportunities. However, a country or region should not be dependent only on this one industry. The seasonal character of tourism causes problems such as insecurity of seasonal workers that concern.
Permanent and long-term arrivals include overseas migrants who arrive in New Zealand intending to stay for a period of 12 months or more (or permanently), plus New Zealand residents returning after an absence of 12 months or more.
Visitor Arrivals measures the change in the number of short-term overseas visitors to New Zealand. Tourism plays an important role in the economy with approximately 10% of the population employed by the tourism industry.
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.
M3 Money Supply measures the total quantity of domestic currency in circulation and deposited in banks. An increasing supply of money leads to additional spending, which in turn leads to inflation.
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. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).
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.
Wednesday, 14 OctoberThe Westpac/Melbourne Institute (MI) Leading Index is a composite index based on nine economic indicators, which is designed to predict the direction of the economy.The data is compiled from economic indicators related to consumer confidence, housing, stock market prices, money supply, and interest rate spreads. The report tends to have a muted impact because most of the indicators used in the calculation are released previously.
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.
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 SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.
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 SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.
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 CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.
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 CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
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.
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.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. 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.
Chinese Imports measures all goods and services brought into the 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 CNY while a higher 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 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 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 CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.
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.
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 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.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed bask of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. From 1995 the weight structure is based on the European National Accounting System Classification of Individual Consumtion by Purpose (COICOP).The consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. 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. 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.
Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may spark a short-term positive or negative trend.
This economic calendar event focuses on a speech given by Bank of England (BoE) Monetary Policy Committee (MPC) member Dr. Huw Pill. As a key policymaker within the BoE, Pill's remarks often provide valuable insights into the current state of the UK economy, as well as future monetary policy direction.
Traders and investors closely monitor these speeches, as they can influence market sentiment and generate potential market-moving impacts. Dr. Pill's public appearances may provide hints on crucial decisions such as interest rate adjustments and quantitative easing measures, based on the BoE's assessment of economic conditions.
Since the MPC is responsible for setting the interest rate that affects the cost of borrowing and saving in the UK, the speeches of its members like Dr. Pill can have a significant impact on the British pound and other UK financial assets.
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 Japanese Household Confidence indicator is a measure of the mood of consumers.
The index is based on data collected from a survey of around 5000 households.
The consumer confidence indicator is closely linked to consumer spending and correlated with personal income, purchasing power, employment and business conditions.
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 Japanese Household Confidence indicator is a measure of the mood of consumers.
The index is based on data collected from a survey of around 5000 households.
The consumer confidence indicator is closely linked to consumer spending and correlated with personal income, purchasing power, employment and business conditions.
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 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.
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.
The WPI index that measures and tracks the changes in price of all food related goods in the stages before the retail level.
The WPI index that measures and tracks the changes in price of all fuel related goods in the stages before the retail level.
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers.
The higher this number is the stronger the affect on consumer inflation.
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 WPI index that measures and tracks the changes in price of all manufacturing related goods in the stages before the retail level.
The Hungarian Industrial Output is a useful indicator of the economy because it is more current compared to the GNP and reported every month. Total Industrial Production includes Mining,Manufacturing, and Energy but it excludes transportation, services, and agriculture which is included in GNP. Industrial Production is generally more volatile than GNP. Changes in the volume of the physical output of the nation's factories, mineand utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months. A higher than expected reading should be taken as positive/bullish for the HUF , while a lower than expected reading should be taken as negative/bearish for the HUF.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change 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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
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 PLN, while a lower than expected reading should be taken as negative/bearish for the PLN.
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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. Current account records the values of the following: - trade balance,exports and imports of goods and services - income payments and expenditure, interest, dividends, salaries - unilateral transfers, aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Positive current account balance is when inflows from its components into the country exceed outflows of the capital leaving the country. Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.
Frank Elderson, member of the Executive Board and Vice-Chair of the Supervisory Board of the European Central Bank, is set to speak. His speeches often contain indications related to the future possible direction of monetary policy.
German Buba Vice President Buch Speaks is an economic event where the Vice President of the Deutsche Bundesbank, Claudia Buch, delivers speeches or remarks on the current economic situation and prospects of Germany. This event holds significance for investors and market participants, as it may provide insights into the country's economic outlook and potential policy changes by the central bank. Commentary and signals from key officials like Buch can influence market sentiment and volatility in the short-term, making this an event worth watching for those tracking the German economy and its impact on the financial markets.
The International Energy Agency Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.
The figures displayed in the calendar represent the average yield on the Buxl bond auctioned.
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 30 year Bund 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.
Confidence indicator is a measure of the mood of consumers or businesses. It is usually based on a survey during which respondents rate their opinion on different isues concerning current and future conditons. Consumers opinion are typically expressed with answers like: better, same, worse or positive, negative and unchanged. Results of such surveys are calculated by subtracting the negative replies from the positive ones. Business confidence indicator is closely linked to corporate spending and correlated with employment, consumption and investment. Therefore it is carefully watched as an indication of possible changes in the overall economic growth.
The figures displayed in the calendar represent the yield on the Treasury Gilt auctioned.
U.K. Treasury Gilts have maturities 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 Treasury Gilt 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.
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.
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
The Euro Summit is an integral event on the economic calendar for the Euro Zone, bringing together the heads of state or government of the Eurozone member countries, alongside the President of the European Council and European Commission. This high-level forum serves as a platform for crucial discussions and decision-making processes related to the overall economic governance, stability, and growth of the Euro area.
Key topics at the Euro Summit often include the Eurozone's economic outlook, fiscal policies, banking reforms, financial integration, and various economic challenges facing the region. The summit is designed to help foster collaboration among member nations, shape the future trajectory of the single currency, and ensure the long-term viability of the Eurozone.
Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, rediscount rates, reference rates etc. Changing them influences economic growth, inflation, exchange rates and unemployment.
Fixed 30-year mortgage lending rates for 80% loan-to-value mortgage (source by MBA).
Mortgage Bankers Association (MBA) Mortgage Applications measures the change in the number of new applications for mortgages backed by the MBA during the reported week.
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.
MBA - Mortgage Bankers Association of America. The Purchase Index includes all mortgages applications for the purchase of a single-family home. It covers the entire market, both conventional and government loans, and all products. The Purchase Index has proven to be a reliable indicator of impending home sales.
MBA - Mortgage Bankers Association of America. The Market Index covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.
MBA - Mortgage Bankers Association of America. The Refinance Index covers all mortgage applications to refinance an existing mortgage. It is the best overall gauge of mortgage refinancing activity. The Refinance Index includes conventional and government refinances, regardless of product (FRM or ARM) or coupon rate refinanced into or out of. Seasonal factors are less significant in refinances than in home sales, however holiday effects are considerable.
GDP measures the summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Expenditure approach - Total expenditures on all finished goods and services produced within the economy. Calculation: GDP using the expenditure approach is derived as the sum of all final expenditures, changes in inventories and exports of goods and services less imports of goods and services. Market influence of GDP: Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. Where the stock market is concerned, higher than expected growth leads to higher profits and that's good for the stock market.
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figureA higher than expected reading should be taken as positive/bullish for the PLN , while a lower than expected reading should be taken as negative/bearish for the PLN.
The Brazilian Service Sector Growth is an important economic calendar event that showcases the recent performance and trends in Brazil's vibrant service industry. This growth indicator signifies the expansion or contraction in the service sector compared to the previous period.
As a major component of Brazil's economy, the service sector plays a key role in contributing to the nation's overall Gross Domestic Product (GDP). A strong and growing service sector represents job creation, increased business activity, and an improved economic outlook for the country. Thus, investors, policymakers, and various market participants closely monitor the Brazilian Service Sector Growth data release as it holds valuable information on the current state and future prospects of the country's economy.
The Brazilian Service Sector Growth event is an economic indicator that tracks the recent performance of the service sector within Brazil's economy. This metric encompasses a wide range of professional areas, including hospitality, healthcare, finance, and education. It is based on the indices of production, the level of new orders, employment, and supplier deliveries, offering valuable insight into the health of the service sector and its contribution to Brazil's overall economic growth.
When analyzing this key event, investors and policymakers look for changes in the trends and dynamics of the sector, as it can have significant implications for Brazil's GDP, labor market performance, and inflationary pressures. An upward trend in service sector growth often signals a thriving economy, increased consumer spending, and a positive business environment, which can lead to the appreciation of Brazil's currency. On the other hand, a slowdown in this growth might indicate economic headwinds and can negatively impact the country's financial markets.
Regular monitoring of the Brazilian Service Sector Growth event is crucial for market participants, as it helps to form a better understanding of Brazil's economic trajectory and make informed decisions accordingly.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The consumer price index (CPI) is a measure of the average change in the prices paid by urban consumers for a fixed market basket of goods and services. The CPI is based on prices of food, clothing, shelter, fuel, drugs, transportation fares, doctors' and dentists' fees, and other goods and services that people buy for day-to-day living. The quantity and quality of these items are kept essentially unchanged between major revisions so that only price changes will be measured. All taxes directly associated with the purchase and use of items are included in the index.
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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The consumer price index (CPI) is a measure of the average change in the prices paid by urban consumers for a fixed market basket of goods and services. The CPIis based on prices of food, clothing, shelter, fuel, drugs, transportation fares, doctors and dentists fees, and other goods and services that people buy for day-to-day living. The quantity and quality of these items are kept essentially unchanged between major revisions so that only price changes will bemeasured. All taxes directly associated with the purchase and use of items are included in the index."
The CPI Index, s.a, also known as the Consumer Price Index for All Urban Consumers, is an economic event that measures the average change in the prices that urban consumers pay for a basket of goods and services over time. It is a key indicator of inflation and serves as a guide for making decisions related to monetary policy, wage agreements, and economic forecasts.
This event compares the cost of a fixed basket of goods and services purchased by consumers, such as food, housing, transportation, and medical care, to the cost of the same basket in a previous reference period. The CPI Index, s.a, adjusts the data for seasonal variations, making it easier to compare changes in the prices of goods and services throughout the year.
An increase in the CPI Index, s.a, indicates that the average price level for the basket of goods and services has increased, thereby pointing to inflationary pressures. Conversely, a decrease signifies deflationary pressures. Central banks, policymakers, businesses, and individuals closely monitor this economic event to make informed decisions related to investments, consumption, and financial planning.
The Consumer Price Index (CPI) not seasonally adjusted (n.s.a) is an economic calendar event for the United States that measures the changes in the prices paid by urban consumers for a representative basket of goods and services, without any adjustments made for seasonal variations.
While the seasonally adjusted CPI takes into account predictable fluctuations at different times of the year, such as increased energy costs in winter or more expensive food in summer, the not seasonally adjusted CPI provides a more straightforward look at price changes, presenting the raw data without any adjustments.
Analyzer of CPI n.s.a is important for policymakers, investors, and businesses as it helps in understanding inflation trends and making well-informed decisions.
Real Earnings measures Wages, salaries, and other earnings, corrected for inflation over time so as to produce a measure of actual changes in purchasing power. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
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 Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
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 in the metropolitan area of Cleaveland. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
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
Isabel Schnabel, member of the Executive Board of the European Central Bank, is set to speak. Her speeches often contain indications on the future possible direction of 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 American Petroleum Institute 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.
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.
Core Machinery Orders measures the change in the total value of new orders placed with machine manufacturers, excluding ships and utilities. It is a key indicator of investment and a leading indicator of manufacturing production.
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.
New orders measure the value of orders received in a given period of time. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.
Thursday, 15 October
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.
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.
Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.
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.
Full employment describes a situation in which all available labor resources are being used in the most economically efficient way. Economists usually define it as the acceptable level of unemployment above 0%. This means that the unemployment rate is frictional and results from workers who are in between jobs and are still part of the labor force.
A reading that is stronger than forecast is generally supportive (bullish) for the AUD, while a weaker than forecast reading is generally negative (bearish) for the AUD.
The participation rate is an important indicator of the supply of labour. It measures the share of the working-age population either working or looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate.
A reading that is stronger than forecast is generally supportive (bullish) for the AUD, while a weaker than forecast reading is generally negative (bearish) for the AUD.
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 Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
A higher than expected reading should be taken as negative/bearish for the AUD, while a lower than expected reading should be taken as positive/bullish for the AUD.
German Buba Vice President Buch Speaks is an economic event where the Vice President of the Deutsche Bundesbank, Claudia Buch, delivers speeches or remarks on the current economic situation and prospects of Germany. This event holds significance for investors and market participants, as it may provide insights into the country's economic outlook and potential policy changes by the central bank. Commentary and signals from key officials like Buch can influence market sentiment and volatility in the short-term, making this an event worth watching for those tracking the German economy and its impact on the financial markets.
M3 Money Supply measures the change in the total quantity of domestic currency in circulation and deposited in banks. An increasing supply of money leads to additional spending, which in turn leads to inflation.
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. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).
Bank of England(BOE) Senior Deputy Governor (July 2016 - June 2021) Sam Woods is to speak. BOE Monetary Policy Committee (MPC) members are responsible for setting the benchmark interest rate and their speeches often contain indications on the future possible direction of monetary policy. His comments may determine a short-term positive or negative trend.
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.
Capacity utilization is a concept in economics and managerial accounting which refers to the extent to which an enterprise or a nation actually uses its installed productive capacity. Thus, it refers to the relationship between actual output that 'is' actually produced with the installed equipment, and the potential output which 'could' be produced with it, if capacity was fully used. A rull of thumb is, when capacity utilization is stable above 80%, in most cases rates will start going up. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative
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 JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
This event refers to a public speech or remarks by the Chairman of the Swiss National Bank (SNB), currently the central bank’s top policymaker. Markets closely monitor these appearances for insights into the future direction of Swiss monetary policy, including interest rates, inflation assessments, exchange rate considerations, and views on financial stability.
Comments from the Chairman can influence expectations for SNB policy moves and therefore affect the Swiss franc, bond yields, and equity markets. Even if no specific policy changes are announced, shifts in tone or emphasis regarding economic risks, inflation pressures, or global developments can have a notable impact on investor sentiment.
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.
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.
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 Index of Services measures the change in the total Gross Added Value (GAV) of the private and government services sector. GVA is the difference between the value of a service provided and the value of the goods and services used to provide the service.
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 Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Usually a rise in PPI will lead in a short time to a rise in CPI and therefore to a rising interest rates and rising currency. during recession, the producers are not able to roll over the rising cost of material to the consumer, so a rise in PPI will not be rolled over to the consumer but will lower the profitablility of the producer and will deepen the recession, that will lead to a fall in local currency.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
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.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
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 IDR , while a lower than expected reading should be taken as negative/bearish for the IDR.
The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers. 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.
Core quantifies growth rate of price level on incomplete consumer basket. From the consumer basket there are excluded the items with regulated prices and items with prices influenced by other administrative measurements. The items that will be changed due to tax amendments (e.g. changes in VAT, excise taxes) remain in the consumer basket, but the influence of tax amendmentsis eliminated.
Core quantifies growth rate of price level on incomplete consumer basket. From the consumer basket there are excluded the items with regulated prices and items with prices influenced by other administrative measurements. The items that will be changed due to tax amendments (e.g. changes in VAT, excise taxes) remain in the consumer basket, but the influence of tax amendmentsis eliminated.
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 EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
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 EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
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.
The industrial production index is calculated by using the selective method comprising a representative sample of products and services. The evolution of industrial production is established based on the physical volume index, which is calculated from the series of representative products at the level of each industrial branch, and also on the basis of the weight of these products, calculated according to value added, using the Laspeyres-type formula. The industrial production index (IPI) is a volume index of Laspeyres type and measures the evolution results of industrial activities from one period to another.
Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may spark a short-term positive or negative trend.
Turkish Budget Balance is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.
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.
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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance.. A higher than expected number should be taken as positive to the EUR, while a lower than expected number as negative.
The exports figure 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 INR, while a lower than expected number as negative
The Imports number measures any good or service brought into India 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 INR, 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 INR, while a lower than expected reading should be taken as negative/bearish for the INR.
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. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).
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.
This release measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence.
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.
Outstanding Loan Growth measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence.
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.
Chinese Total Social Financing is an economic calendar event that offers valuable insight into China's credit conditions and overall capital flow. This data reflects the total amount of funds provided by all financing channels, including banks, non-banking financial institutions, and corporation financing through equity issuance and bonds, to support the country's real economic activities.
Tracking and analyzing this metric allows investors, economists, and policymakers to better understand the financial landscape in China, particularly capital availability and access to credit for businesses and households. Higher total social financing numbers may indicate an improving Chinese economy, which can lead to higher investment and consumption activities. On the other hand, lower figures can reflect tighter credit conditions and reduced willingness to lend, which may signal a slowing economy or increasing uncertainty.
Closely monitoring changes in the Chinese Total Social Financing figures is crucial, as it can influence domestic consumption, investment decisions, and the financial market, in turn affecting the global economy. Also, as one of the largest global trade partners, the health of China's economy can have significant impacts on the international market and other economies as well.
Market volatility is sometimes experienced during speeches as traders attempt to decipher interest rate clues. As Senior Deputy Governor, Ms. Rogers will oversee the Bank’s strategic planning and operations, and provide leadership for the Bank’s role in promoting a stable and efficient financial system. As a member of the Bank’s Governing Council, she will share responsibility for the conduct of monetary policy. She will also be a member of the Bank’s Board of Directors.
The Thomson Reuters IPSOS PCSI (Primary Consumer Sentiment Index) is an important economic calendar event for the United Kingdom that provides valuable insights into consumer confidence within the country. This index offers a snapshot of the overall consumer sentiment by gauging their levels of optimism or pessimism regarding the economy, personal finance, job security, and other relevant criteria.
As a monthly survey, the Thomson Reuters IPSOS PCSI serves as a leading economic indicator and has a notable impact on the direction of consumer spending and economic growth. An increase in the index suggests a rise in consumer confidence, which can lead to increased spending and investment, contributing positively to economic activities. Conversely, a decrease in the index indicates declining consumer confidence, which may result in reduced spending and a subsequent slowdown in economic growth.
For investors, traders, and policymakers, the Thomson Reuters IPSOS PCSI serves as a vital tool to gauge the overall health of the United Kingdom's economy and to make informed decisions for the future course of action.
The Thomson Reuters IPSOS PCSI (Primary Consumer Sentiment Index) is an economic calendar event in Sweden that measures the overall sentiment of the Swedish consumers. Gaining insights into consumer sentiment is important as it reflects the confidence and optimism of the population towards the nation's economy.
The PCSI is based on a survey, conducted monthly by global market research company Ipsos, on various aspects of the population, such as personal finances, job security, national economic conditions, and investment intentions. The index is calculated using an aggregation of these survey results, providing an overview of consumer confidence in Sweden.
Higher index numbers indicate a higher level of consumer optimism, while lower numbers suggest growing pessimism. Financial markets and policymakers monitor the PCSI to analyze trends and make informed decisions, as the index can be an early indicator of potential economic growth or decline, and offers insight on consumer spending patterns.
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 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 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 Export number, is the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. A higher than expected number should be taken as positive to the ILS, while a lower than expected number as negative
The Imports number provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. A lower than expected number should be taken as positive to the ILS, 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 ILS , while a lower than expected reading should be taken as negative/bearish for the ILS.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is an important monthly economic indicator that measures the level of consumer confidence in Israel. It reflects the financial expectations and overall sentiment of Israeli households regarding the national economy, job prospects, personal finances, and investment opportunities.
This economic calendar event is closely monitored by market participants, as it can provide valuable insights into the current state of the consumer sector, which is a major component of the Israeli economy. A higher PCSI score suggests that consumers are feeling more optimistic and are likely to increase their spending, thereby boosting the economy, while a lower score indicates weaker consumer sentiment and a potential slowdown in economic growth.
The index is calculated using survey data collected by Ipsos, a global market research company, in partnership with Thomson Reuters, a leading multinational information provider. Investors, analysts, and policymakers use the PCSI results to make informed decisions and to evaluate the overall health of Israel's economic landscape.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a highly regarded economic indicator released on a monthly basis. The index measures the level of consumer confidence in various countries, including Spain. It captures consumers' attitudes towards the current and future economic circumstances, which can have a significant impact on consumers' spending patterns.
A higher level of the PCSI suggests that consumers are optimistic about the economy, which may lead to increased spending and support economic growth. Conversely, a lower level indicates consumers are more cautious and may reduce their spending, potentially hindering economic growth. Investors, policymakers, and businesses closely follow the PCSI as it provides valuable insights into the overall health of the country's economy and consumer behavior.
The Thomson Reuters IPSOS PCSI, also known as the Primary Consumer Sentiment Index, is a significant economic calendar event for Belgium. This index is designed to measure the overall consumer confidence and sentiment in Belgium's economy.
Being a monthly indicator, the data is collected through surveys conducted by IPSOS, a global market research firm, in collaboration with Thomson Reuters, a multinational information company. The survey targets a diverse range of Belgian consumers to gauge their perceptions on current and future economic conditions, personal financial situation, major purchases, and their job security.
A higher score on this index indicates increased consumer optimism, which in turn can influence spending and investments, ultimately boosting economic growth. Conversely, a lower score signals weakened consumer confidence, possibly leading to reduced spending and slower economic growth. Therefore, investors, policymakers, and businesses closely monitor the Thomson Reuters IPSOS PCSI to make informed decisions based on evolving financial market trends and sentiments.
The Thomson Reuters IPSOS PCSI, or Primary Consumer Sentiment Index, is an economic calendar event for Saudi Arabia. This index is a monthly measure of consumer confidence and economic optimism in the country. The data is collected through a survey conducted by the market research firm, Ipsos, in partnership with Thomson Reuters, a multinational media conglomerate.
The index assesses the public's perception of the current economic situation, outlook for the future, personal financial situation, and spending habits. It serves as a vital indicator for understanding consumer behavior, preferences, and expectations, which can impact the overall economic growth and development of the country.
A higher index value indicates a positive sentiment among consumers, suggesting increased economic optimism, while a lower value signifies a more negative outlook. As a result, policymakers, businesses, and investors closely monitor and analyze the Thomson Reuters IPSOS PCSI event for making informed decisions.
The Thomson Reuters IPSOS PCSI (Primary Consumer Sentiment Index) is an important event on Poland's economic calendar. It serves as an indicator of consumer confidence within the country, making it an essential economic measure for investors, businesses, and policymakers.
As a collaborative effort between Thomson Reuters and IPSOS, this monthly survey measures the overall sentiment and spending intentions of Polish consumers. It covers various aspects such as personal finances, unemployment, and national economic outlook, thereby providing an extensive understanding of the country's consumer market.
A high PCSI reading indicates increased consumer confidence, potentially leading to increased spending and investment, while a low reading signals decreasing confidence and possible economic setbacks. As such, the Thomson Reuters IPSOS PCSI plays a vital role in shaping Poland's economic growth and financial stability.
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 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 Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is an important economic calendar event that measures the overall consumer confidence and economic outlook in Hungary. It provides a snapshot of consumers' perceptions regarding the national economy, personal finance, job security, and willingness to make significant purchases.
This index is based on a monthly survey conducted by Thomson Reuters in collaboration with IPSOS, a leading global market research firm. The survey participants are chosen to be representative of the population and are asked a series of questions related to various aspects of the economy. The responses are then consolidated into an overall index, which can range from 0 to 100.
A higher PCSI value indicates a greater level of confidence among consumers towards the economy, which can lead to increased consumer spending, investments, and overall economic growth. Conversely, a lower value signifies a less favorable outlook, potentially resulting in lower consumer spending and cautious behavior. As such, the Thomson Reuters IPSOS PCSI is closely watched by investors, businesses, and policymakers to gauge the health of the economy and make informed decisions.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is an economic calendar event for South Africa, reflecting the nation's overall consumer sentiment. A survey conducted by leading market research firm IPSOS, in partnership with Thomson Reuters, measures consumer confidence in the country's economy through a number of key aspects.
The data gathered through this survey helps gauge the overall outlook of consumers, including their attitudes toward current and future economic conditions, personal financial situations, and willingness to make significant purchases. As a leading indicator, the PCSI offers valuable insights into consumer behavior, investment trends, and the potential direction of the country's economy.
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
NIESR’s short-term predictions of monthly GDP growth will be based on bottom-up analysis of recent trends in the monthly sub-components of GDP. These predictions will be constructed by aggregating statistical model forecasts of ten sub-components of GDP. The statistical models that have been developed make use of past trends in the data as well as survey evidence to build short-term predictions of the sub-components of monthly GDP. These will provide a statistically-based guide to current trends based on the latest available data.
FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
CPI based on the prices of a union market basket of commodities purchased and consumed by a representatives set of households in selected centers from all over the country, especially since the indices from one centre to another made comparability difficult. consumer price index to measure average change in the price of goods and services purchased by the specified groups of consumers.
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
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.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
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 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.
Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
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.
The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
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.
Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.
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.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week.
As the week to week numbers might be very volatile, the four week moving average smooths the weekly data and used for the initial jobless claims metric A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
The Empire State Manufacturing Index rates the relative level of general business conditions New York state. A level above 0.0 indicates improving conditions, below indicates worsening conditions. The reading is compiled from a survey of about 200 manufacturers in New York state.
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.
The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.
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.
The Philadelphia Fed Index, also known as the Business Outlook Survey, is a survey produced by the Federal Reserve Bank of Philadelphia which questions manufacturers on general business conditions. The index covers the Philadelphia, New Jersey, and Delaware region. Higher survey figures suggest higher production, which contribute to economic growth. Results are calculated as the difference between percentage scores with zero acting as the centerline point. As such, values greater than zero indicate growth, while values less than zero indicate contraction. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The Philadelphia Fed Regional Index is an indicator that measures the current conditions in the manufacturing sector in the district of Philadelphia, which is the third largest in the United States. Arises from a survey conducted by the Philadelphia Fed on the general health of the economy and businesses. Participants must indicate in the interview, according to its assessment, the changes from the previous month and the forecast for the next six months. The general index indicates growth when it is above zero and contraction when is below zero. Then there are various components, such as the prices paid, prices received, employment, hours worked, new orders and backlog of those, the delivery time and shipment orders.
The Philly Fed Employment number is the employment component out of the Philly fed index, probably the most important component of the Index. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The Philadelphia Fed Regional Index is an indicator that measures the current conditions in the manufacturing sector in the district of Philadelphia, which is the third largest in the United States. Arises from a survey conducted by the Philadelphia Fed on the general health of the economy and businesses. Participants must indicate in the interview, according to its assessment, the changes from the previous month and the forecast for the next six months. The general index indicates growth when it is above zero and contraction when is below zero. Then there are various components, such as the prices paid, prices received, employment, hours worked, new orders and backlog of those, the delivery time and shipment orders.
The Philadelphia Fed Regional Index is an indicator that measures the current conditions in the manufacturing sector in the district of Philadelphia, which is the third largest in the United States. Arises from a survey conducted by the Philadelphia Fed on the general health of the economy and businesses. Participants must indicate in the interview, according to its assessment, the changes from the previous month and the forecast for the next six months. The general index indicates growth when it is above zero and contraction when is below zero. Then there are various components, such as the prices paid, prices received, employment, hours worked, new orders and backlog of those, the delivery time and shipment orders.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
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.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
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.
The Producer Price Index (PPI) ex. Food/Energy/Transport is an important economic indicator that measures inflation in the United States. It specifically tracks the average change in the selling prices received by domestic producers for their goods and services, excluding the highly volatile food, energy, and transportation sectors.
This index is closely monitored by economists, businesses, and policymakers because it provides valuable insights into the health of the economy and the potential for future inflation. By removing the three most volatile sectors, the PPI ex. Food/Energy/Transport provides a clearer understanding of underlying inflation trends and helps paint a more accurate picture of overall economic conditions.
The Producer Price Index (PPI) ex. Food/Energy/Transport is an economic event that reports the change in the prices of goods and services produced by domestic companies, excluding crucial sectors such as food, energy, and transportation. The event is significant as it gives insights into inflation and cost pressures that affect producers and, ultimately, consumers.
By focusing on goods and services outside of the volatile food, energy, and transportation sectors, the PPI ex. Food/Energy/Transport provides a more stable measure of core inflation. A higher-than-expected value may indicate increasing inflationary pressures, while a lower-than-expected value could signal that inflation is subdued or even decelerating.
Investors, government authorities, and market participants closely monitor this economic event since it can influence monetary policy decisions and impact the financial markets, particularly the equity and bond markets.
Retail Control is an important economic calendar event for the United States that measures the overall health of the retail sector. The data for this event is generally released on a monthly basis and provides insights into consumer spending behavior, as well as retail sales trends.
This event highlights the total value of sales at the retail level, excluding sales from automobiles and fuel stations. By monitoring the activity of the retail sector, analysts and investors can gauge the strength of consumer spending, which is a critical component of the economy.
Strong retail control figures indicate robust consumer spending and a growing economy, while weaker retail control results suggest that consumers may be cutting back on spending, which could signal a slowdown in economic growth. As a result, the Retail Control event is keenly watched by market participants to assess the potential impact on financial markets and the overall economy.
Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
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.
Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 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.
Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices andfood prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if theincrease is larger than forecast, it may be inflationary.
Manufacturing Sales measures the change in the overall value of sales made at the manufacturing level.
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.
Wholesale Sales measures the change in the total value of sales at the wholesale level. It is a leading indicator of consumer spending.
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 Capacity Utilization Rate is the percentage of production capacity being utilized in Canada (available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation.
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.
New Motor Vehicle Sales measures the change in the number of new cars and trucks sold domestically. It is an important indicator of consumer spending is closely correlated to consumer confidence.
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.
Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. A higher than expected number should be taken as positive to the RUB, while a lower than expected number as negative
Business Inventories measures the change in the worth of unsold goods held by manufacturers, wholesalers, and retailers. A high reading can indicate a lack of consumer demand.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Retail Inventories Ex Auto is an economic indicator that measures the changes in the value of retail inventories. This metric provides insight into the health of the retail sector by analyzing the value of unsold goods held by retailers, excluding automobile and auto parts dealers. A growing inventory can signal that consumer demand is weak, leading retailers to hold onto a surplus of products. On the other hand, a decline in retail inventories can indicate increased consumer spending, stronger business confidence, and positive economic growth.
Investors, market participants, and policymakers pay close attention to this data, as it serves as a valuable tool for gauging the overall health of the retail sales industry and the broader economy. Additionally, changes in retail inventories can also have a direct impact on GDP calculations, making it a significant factor in assessing economic growth. Monitoring the Retail Inventories Ex Auto can help market participants make informed decisions about potential shifts in consumer behavior and the economic landscape.
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.
The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.
While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable energy sector.
If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.
If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.
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 PEN, while a lower than expected reading should be taken as negative/bearish for the PEN.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.
A higher than expected reading should be taken as negative/bearish for the PEN, while a lower than expected reading should be taken as positive/bullish for the PEN.
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
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 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.
The CPI indicator measures the change in prices which consumers must pay for a fixed basket of consumption goods and services in urban areas. All goods and services intended for consumption including applicable taxes and fees on the product at the time of sales are included in the survey. A higher than expected reading should be taken as positive/bullish for the ILS , while a lower than expected reading should be taken as negative/bearish for the ILS.
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.
All goods and services intended for consumption including applicable taxes and fees on the product at the time of sales are included in the survey. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
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.
The Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed's balance sheet are disclosed by the Fed in a weekly report called "Factors Affecting Reserve Balances."
Reserve Balances with Federal Reserve Banks is the amount of money that depository institutions maintain in their accounts at their regional Federal Reserve Banks.
The export prices number tracks price changes of goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.
The Import Price Index measures the change in the price of imported goods purchased domestically.
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 Business NZ Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion; a reading below 50 indicates contraction. It gives an indication about the health of the manufacturing section and production growth in New Zealand.
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.
This release provide information on the number and value of electronic card transactions with New Zealand-based merchants. Data include transactions using debit (eftpos), credit, and charge cards. Transactions by overseas cardholders in New Zealand are included; transactions by New Zealand cardholders overseas are excluded. The figure gives hint of strength in the retail sector and influences interest rate decisions.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.
This release provide information on the number and value of electronic card transactions with New Zealand-based merchants. Data include transactions using debit (eftpos), credit, and charge cards. Transactions by overseas cardholders in New Zealand are included; transactions by New Zealand cardholders overseas are excluded. The figure gives hint of strength in the retail sector and influences interest rate decisions.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.
The Food Price Index (FPI) measures the change in the cost of food and food services purchased by households.
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 Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.
A higher than expected reading should be taken as negative/bearish for the KRW, while a lower than expected reading should be taken as positive/bullish for the KRW.
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 PEN , while a lower than expected reading should be taken as negative/bearish for the PEN.
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.
Friday, 16 OctoberExports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.
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 SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a key economic calendar event for South Korea that gauges the overall confidence and financial outlook of consumers in the country. The index is based on a comprehensive survey conducted by the global research firm Ipsos and data provider Thomson Reuters, which polls thousands of individuals on various aspects of personal financial situations and general economic conditions.
A higher PCSI score indicates increased consumer optimism, which often translates into stronger spending habits and healthier economic growth. Conversely, a lower score suggests more pessimism among consumers, potentially leading to reduced spending and slower economic growth. Investors and policymakers keep a close eye on the PCSI, as changes in consumer sentiment can have significant impacts on the performance of the national economy.
As a forward-looking indicator, the Thomson Reuters IPSOS PCSI offers valuable insights into the future trajectory of the South Korean economy, providing valuable information for traders, businesses, and policymakers to make informed decisions.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a monthly economic indicator that measures the overall confidence and sentiment of Indian consumers. The index is based on a survey conducted by research firm IPSOS in collaboration with Thomson Reuters, one of the world's leading providers of economic data and insights.
The PCSI is calculated using a sample of Indian consumers, who are asked about their perceptions and expectations concerning the economy, jobs, personal finances, and their willingness to make major purchases. The survey results are used to calculate the index value, with a higher score indicating stronger consumer confidence and a more optimistic outlook for the economy.
Investors, economists, and policymakers closely monitor the PCSI as it provides valuable insights into India's consumer market, predicting consumer behavior, and its potential impact on the country's economic growth. Changes in the PCSI can affect financial markets, currency exchange rates, and impact decisions on monetary and fiscal policies.
The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) is a monthly economic calendar event that provides valuable insight into consumer confidence and sentiment in Australia. This important indicator is closely monitored by market analysts, economists, and policymakers, as it has the potential to significantly impact the nation's economy.
Consisting of a comprehensive survey conducted by global research firm IPSOS in partnership with Thomson Reuters, the PCSI measures consumers' current and future outlooks on various economic factors. These include personal finances, employment prospects, investment climate, and overall economic conditions. A higher-than-expected result implies consumer optimism and increased spending, which can positively affect the growth of the Australian economy. Conversely, a lower-than-expected result signifies consumer pessimism, potentially leading to reduced spending and slower economic growth.
As a valuable tool for both short-term traders and long-term investors, the Thomson Reuters IPSOS PCSI is released in the middle of each month, and its results can significantly impact the Australian stock market, currency pair values (such as AUD/USD), and other local financial instruments. Therefore, keeping a close eye on this economic calendar event is crucial for those seeking to assess the health of the Australian economy and adjust their trading strategies accordingly.
The Thomson Reuters IPSOS PCSI, also known as the Primary Consumer Sentiment Index, is a monthly economic calendar event for Japan that measures the overall consumer sentiment in the country. It is an important and widely-watched indicator of consumer confidence, as it offers insights into the Japanese public's perception of the economy and their financial situation.
This index is calculated using a combination of data collected from numerous sources, including surveys and questionnaires conducted by Thomson Reuters and the global research firm IPSOS. These surveys ask a representative sample of the Japanese population about their views on various aspects of the economy, such as personal finance, job security, government policy, and overall economic conditions.
A higher than expected reading of the Thomson Reuters IPSOS PCSI generally indicates increased optimism among consumers, potentially signaling increased spending and a stronger economy. Conversely, a lower than expected reading may be a sign of decreased consumer confidence and potential economic slowdown.
Investors and analysts closely monitor the Thomson Reuters IPSOS PCSI, as it provides valuable information about the country's economic health and can influence government policy as well as financial markets, including currency values and the stock market. Positive consumer sentiment can lead to increased consumer spending, which boosts overall economic growth, while negative sentiment can dampen spending and slow the economy.
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
Data is an estimate of New Zealand Government securities held on behalf of non-residents. Government bonds include the total of all Government bonds and inflation indexed bonds. Treasury bills include the total of all Treasury bills.The proportion held for non-residents is calculated from the amount of bonds in the market. The bonds in the market do not include bonds held by Reserve Bank of New Zealand or by the Earthquake Commission. The survey seeks to identify the nominal amount of New Zealand Government securities held on behalf of non-residents. Since March 1994 this includes any securities held under repurchase agreement (repos). Repurchase agreements (repos): Arrangements under which one institution sells securities at a specified price to another, together with an agreement that they, or similar securities, will be purchased back at a fixed price on a specified future date. When a New Zealand institution acquires securities through repos, or transactions that replicate repos, they should be reported.
Deutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council. ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
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 MYR, while a lower than expected reading should be taken as negative/bearish for the MYR.
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.
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. The percentage number is calculated unemployed / (employed + unemployed). A higher than expected reading should be taken as negative/bearish for the SEK , while a lower than expected reading should be taken as positive/bullish for the SEK.
Wages and salaries are defined as "the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in returnfor work done during the accounting period" regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.Y/Y - percentage change over corresponding period of the previous year. Gross monthly average earnings of full-time employees in the national economy.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
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 GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.
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 oras 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. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated.
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 oras 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. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated.
The End Year Consumer Price Index (CPI) Forecast is an important economic indicator for Turkey. It provides an estimation of the inflation rate by the end of a given year. The inflation rate is an essential component of a country's economy, representing the overall change in the price level of goods and services over a specific period, typically a year.
Investors, policymakers, and businesses pay close attention to the End Year CPI Forecast as it helps them make informed decisions regarding their investment strategies, monetary policies, and pricing adjustments to better cope with potential changes in the inflation rate. Higher inflation rates may lead to increased interest rates and reduced consumer spending, affecting the overall economic growth. Conversely, lower inflation rates can stimulate economic growth through lower interest rates and increased consumption.
Overall, the End Year CPI Forecast serves as a crucial economic tool for Turkey, allowing various stakeholders to anticipate and react to changes in the inflation rate and make necessary adjustments for a stable and growing economy.
The HICP are designed expressly for international comparisons of consumer price across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose). As a result a number of CPI series are excluded from the HICP, most particularly owner occupiers housing and council tax. However, the HICP includes series for personal computers, new cars and air fairs.
The HICP are designed expressly for international comparisons of consumer price across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose). As a result a number of CPI series are excluded from the HICP, most particularly owner occupiers housing and council tax. However, the HICP includes series for personal computers, new cars and air fairs.
Net Forward Position= Bank of Thailand s forward obligations to buy (+) or sell;(-) foreign currency against Thai Baht A swap that involves the exchange of principal and interest in one currency for the same in another currency. It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet.
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. International reserves = Gold Foreign exchange Special Drawing Rights Reserve position in the IMF.
The FX reserve is an extremely pivotal indicator of Angola's economic stability. The Foreign Exchange Reserves are assets, commonly in a foreign currency, retained by Angola's central bank (the National Bank of Angola). They come from balance of payments surpluses, official aid, and borrowings on foreign markets.
The reserves are used to back liabilities and influence monetary policy. They include foreign banknotes, deposits, bonds, treasury bills, and other foreign government securities. Establishing whether these reserves are increasing or decreasing can be a valuable measurement of economic health, assisting in assessing the nation's ability to manage economic downturns.
The Italian 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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Italian 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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Italian Consumer Price Index (CPI) Ex Tobacco is a key economic indicator that measures the change in the price of goods and services purchased by households in Italy, excluding tobacco products. The data is released monthly by the Italian National Institute of Statistics (ISTAT) and is used to analyze inflation trends within the country.
As tobacco prices can be influenced by various external factors, excluding them from the CPI provides a clearer picture of the overall inflation rate. The index captures price changes for a diverse range of goods and services, allowing economists and market participants to gauge the purchasing power of the Italian consumers.
A higher than expected reading signals an increase in inflation, which could potentially lead to an increase in interest rates and a strengthening of the Italian currency. Conversely, a lower than expected reading could signal weaker inflation, prompting the possibility of lower interest rates or other easing measures by the central bank to stimulate economic growth.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. The data has a relatively mild impact because overall CPI is the European Central Bank's mandated target.
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 Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change 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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
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.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Consumer Price Index (CPI) measures the change in the price of goods and services excluding tobacco from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Consumer Price Index (CPI) measures the change in the price of goods and services excluding tobacco from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Consumer Price Index (CPI), non-seasonally adjusted, is a measure that assesses changes in the price of goods and services purchased by households in the Euro Zone. As a widely followed indicator, the CPI helps in understanding the inflation rate and the purchasing power of consumers in relation to changes in prices.
For this particular event, the CPI data presented is not seasonally adjusted, which means it doesn't account for fluctuations in prices related to seasonal factors. These factors may include, for example, changes in prices due to holiday seasons or seasonal production cycles. As a result, the non-seasonally adjusted CPI gives a less smoothed estimate of inflation, one that more directly reflects the actual variation in prices experienced by consumers.
Analysts, traders, and policymakers pay close attention to the CPI as it can influence monetary policies, business decisions, and investments. A rising CPI signals increasing inflation, which may lead to changes in interest rates or other policy adjustments aimed at controlling price levels, as well as impacting the value of the Euro and financial market expectations.
The harmonised indices of consumer prices (HICPs) are calculated according to harmonised definitions and therefore provide the best statistical basis for international comparisons of consumer price inflation from the European Union perspective.The HICP for the euro area is the key indicator of price stability recognised by the European Central Bank and the European System of Central Banks.
The harmonised indices of consumer prices (HICPs) are calculated according to harmonised definitions and therefore provide the best statistical basis for international comparisons of consumer price inflation from the European Union perspective.The HICP for the euro area is the key indicator of price stability recognised by the European Central Bank and the European System of Central Banks.
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 EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Italian Trade Balance measures the difference in value between imported and exported goods during the reported month.
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 Trade Balance measures the difference in value between imported and exported goods sand services, from and to 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 EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation). It is the closest single number we have got to such a measure. It is the sum of final expenditures; Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocksA higher than expected reading should be taken as positive/bullish for the ILS, while a lower than expected reading should be taken as negative/bearish for the ILS.
Bank Loan Growth measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence. 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.
Deposit Growth is an important economic calendar event in India that reflects the percentage change in the total value of deposits held by various institutions, such as commercial banks, credit unions, and thrifts over a specific period. The growth in deposits indicates an increase in investment, potential savings, and liquidity in the market, which are crucial factors for a stable and growing economy.
Higher deposit growth often signals increased consumer confidence and a positive outlook on the economy, while slower growth may point towards a weaker economic environment or uncertainties. Policymakers, investors, and financial institutions closely monitor deposit growth rates to make informed decisions related to monetary policies and investment strategies.
International reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF. 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. 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 IBC-Br is widely considered to reflect gross domestic product data. It is the Index of Economic Activity of the Central Bank in BrazilA 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.
Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.
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.
Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The Import Price Index measures the change in the price of imported goods and services purchased domestically.
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.
The Import Price Index measures the change in the price of imported goods and services purchased domestically. 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.
Foreign Securities Purchases measures the overall value of domestic stocks, bonds, and money-market assets purchased by foreign investors.
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.
Foreign Securities Purchases by Canadians 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. A high number indicates currency outflow (residents buy foreign securities, therefore change their CADs to the foreign currecny), therefor a higher than expected number would be dovish for the CAD, while a lower than expected number would be bullish.
The Capacity Utilization Rate is the percentage of production capacity being utilized in the U.S.(available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation.
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.
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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers.
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.
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 COP, while a lower than expected reading should be taken as negative/bearish for the COP.
Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices andfood prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if theincrease is larger than forecast, it may be inflationary.
Non-financial public sector (National administration, state-owned companies and former provincial pension funds). Cash basis.
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
The U.S. Baker Hughes Total Rig Count is an important economic event that tracks the number of active drilling rigs operating in the United States. This data is published weekly by the oilfield services company Baker Hughes and serves as a valuable tool for monitoring the health of the energy sector.
The report is a primary indicator of drilling activity in the U.S., including rigs engaged in the exploration and extraction of oil and natural gas. The rig count can provide hints about future production levels, as a higher total rig count usually indicates increased exploration and production of oil and natural gas, while lower counts often signal cutbacks.
Market participants, policymakers, and analysts closely watch the Baker Hughes Rig Count, as it can provide vital information on trends in the energy industry and have an impact on oil prices. Sudden changes in the rig count might result in price fluctuations in the energy markets, making it a crucial event for trading purposes.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Corn Speculative Net Positions report is an economic calendar event for the United States that provides insights into the positions held by various market participants in the corn futures market. The data is gathered and released by the Commodity Futures Trading Commission (CFTC). The report gives an indication of the level of bullishness or bearishness among traders, as well as their sentiments towards the corn market.
The CFTC releases its Commitments of Traders (COT) report on a weekly basis, outlining the net long and short positions taken by speculators, such as hedge funds and individual traders, as well as commercial hedgers, in various commodity markets. The CFTC Corn Speculative Net Positions specifically focuses on the corn market, providing valuable information about the overall market sentiment and potential future price movements.
Investors and traders often monitor the CFTC Corn Speculative Net Positions to identify trends and potential shifts in market sentiment, as changes in net positions can signal potential price movements in corn futures. A significant increase in net long positions can indicate bullish sentiment, while a substantial increase in net short positions can signal bearish sentiment.
The CFTC Crude Oil Speculative Net Positions report is a weekly publication by the Commodity Futures Trading Commission (CFTC) in the United States. The report provides insights into the positions held by various market participants, including commercial traders, non-commercial traders, and non-reportable traders. The data is derived from the Commitment of Traders (COT) reports and serves as an essential tool for traders to gauge market sentiment in crude oil futures.
This economic calendar event is important for traders and investors as it reveals the overall market positioning and sheds light on the potential changes in supply or demand. Changes in speculative net positions may influence the crude oil prices, either directly or indirectly, by affecting the market sentiment and the perception of future price trends.
Traders and investors typically monitor the CFTC Crude Oil Speculative Net Positions report to identify trends and potential turning points in the crude oil market. By analyzing the shifts in speculative positioning, market participants can make informed trading decisions and adjust their strategies accordingly.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Nasdaq 100 Speculative Net Positions event is an economic indicator released weekly by the Commodity Futures Trading Commission (CFTC). The data provides insight into the sentiment of institutional investors and speculators in the U.S. stock market, specifically focusing on the Nasdaq 100 Index.
Speculative positions, both long (buy) and short (sell), are reported based on the trading activities of hedge funds, money managers, and other speculative investors. The net position equals the difference between the long and short positions reported by the CFTC. A positive net position indicates that speculative investors are bullish and expect market prices to rise, while a negative net position signifies that they are bearish and anticipate a market decline.
Market participants use this information to gauge investor sentiment, which can help in making informed decisions in the stock market. It is important to note that the data is mainly intended to provide a snapshot of market sentiment and may not necessarily reflect future price movements of the Nasdaq 100 Index.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Soybeans Speculative Net Positions is an economic calendar event that represents the weekly data of the net positions held by speculative traders in the soybean futures market. This report, published by the U.S. Commodity Futures Trading Commission (CFTC), is used by market participants to gain insights into market sentiment and potential future price movements of soybeans.
Net positions are the difference between long (buy) and short (sell) positions held by speculative traders. A higher net position indicates a bullish sentiment, suggesting that traders anticipate higher prices for soybeans in the future, while a lower net position implies a bearish sentiment, signaling an expectation of falling prices. Monitoring changes in the CFTC Soybeans Speculative Net Positions can provide valuable insights into the market dynamics and potential trends for soybean prices, which are essential for businesses, investors, and traders alike.
The CFTC Wheat Speculative Net Positions report is a weekly publication by the Commodity Futures Trading Commission (CFTC). It provides insights into the net positions held by speculative traders, including hedge funds and large individual investors, in the wheat futures market. This data serves as a valuable indicator of the overall sentiment and potential future price movements in the wheat market.
Speculative net positions are calculated by subtracting the total number of short positions (bets on falling prices) from the total number of long positions (bets on rising prices) held by speculative traders. A positive net position reflects a bullish sentiment, while a negative net position indicates a bearish sentiment in the market.
Traders and investors use this report to gauge potential trends and price movements in the wheat futures market. Significant changes in speculative net positions can signal shifts in market sentiment and prompt corresponding reactions in wheat prices. However, it is crucial to consider other fundamental factors and technical indicators when utilizing this data to make informed trading decisions.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
Net purchases of U.S treasury bonds & notes by major foreign sector. (Negative figures indicate net sales by foreigners to U.S residents or a net outflow of capital from the United States.) 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.
This indicator shows the Sum of [(U.S. securities + Foreign stocks and bonds (Negative figures indicate net sales by foreigners to U.S residents or a net outflow of capital from the United States.) Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + estimated foreign acquisitions of U.S. equities through stock swaps - estimated U.S. acquisitions of foreign equities through stock swaps + increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries)+(monthly changes in banks' and broker/dealers' custody liabilities.)+(TIC, Change in Banks' Own Net Dollar- Denominated Liabilities)] TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected and published by the Department of Commerce's Bureau of Economic Analysis. 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.
Treasury International Capital (TIC) Net Long-Term Transactions measures the difference in value between foreign long-term securities purchased by U.S. citizens and U.S. long-term securities purchased by foreign investors. Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities.
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.
TIC Net Long-Term Transactions number is the sum of gross purchases by foreigners from US residents minus gross sales by foreigners to US residents. The components used to calculate long term flows are US Treasury bonds and notes, US government agency bonds, US corporate bonds, US corporate stocks, foreign bonds and foreign stocks. (TIC signifies: Treasury International Capital Flows). A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
Saturday, 17 OctoberDeutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council. ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may spark a short-term positive or negative trend.
The Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) and the bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.
Sunday, 18 OctoberGross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation). It is the closest single number we have got to such a measure. It is the sum of final expenditures; Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocksA higher than expected reading should be taken as positive/bullish for the ILS, while a lower than expected reading should be taken as negative/bearish for the ILS.
The Rightmove House Price Index (HPI) measures the change in the asking price of homes for sale. This is the U.K.'s earliest report on house price inflation, but tends to have a mild impact because asking prices do not always reflect selling prices.
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.
BNZ-BusinessNZ PSI is a monthly survey of the services sector providing an early indicator of activity levels. A PSI reading above 50 points indicates services activity is expanding; below 50 indicates it is contracting. The main PMI and sub-index results are seasonally adjusted.
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 exports number provides the total NZ dollar amount of merchandise exports.
A higher than expected number should be taken as positive to the NZD, 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 NZD, 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 NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
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 NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
The Rightmove House Price Index (HPI) measures the change in the asking price of homes for sale. This is the U.K.'s earliest report on house price inflation, but tends to have a mild impact because asking prices do not always reflect selling prices.
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.
