FX.co ★ Traders economic calendar. International economic events

The British Retail Consortium (BRC) Shop Price Index measures price changes 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.

The Chinese Industrial Profit YTD (Year To Date) is an economic calendar event that measures the accumulated net income of large enterprises in the industrial sector from the start of the current year up until the event date. This indicator provides valuable insights into the performance of China's industrial sector, which is a key driver of the nation's economy.

This event showcases the growth and expansion of the sector, and can have significant implications for investors and economists alike. A higher level of industrial profit YTD implies strong business growth, which can attract investments, create new job opportunities, and bolster overall economic development.

On the other hand, a falling industrial profit YTD value could signal a downturn in the industry and potential economic headwinds. As a result, market participants closely watch this event to gauge the health of the Chinese economy and make informed decisions based on the reported data.

Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods addsto the producing nation's gross output. If used for trade, exports are exchangedfor other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies.

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents. A good or service brought into one country from another. Along with exports, imports form the backbone of international trade. The higher the value of imports entering a country, compared to the value of exports, the more negative that country's balance of trade becomes.

Trade balance is the net difference between exports and imports collected from the import/export entry forms of the Customs Department, which reveal both volume and value of imports and exports. In order for the trade balance to be consistent with the definition of balance of payments, statistical modifications have been made to exclude some customs items for the transactions carried out among the residents. Such items include: goods granted embassy privilege; goods with no change of ownership, e.g., goods sent for repair, temporary imported goods, sample goods, leased goods. Adjustments are as well made to include goods actually imported and exported but did not undergo customs declaration such as military goods, electrical appliances and commercial aircrafts.

Measures the change in the price of goods and services purchased by consumers, excluding food and energy. The BoJ usually pays more attention to the core inflation data.

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.

Housing loans include loans to households with collateral in the form of single-family dwellings, condominiums and tenant-owned apartments. 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 balance figures are obtained by deducting the weighted proportion of negative answers from that of positive answers. The positive balance figure for unemployment means that unemployment is estimated to go up. The consumer confidence indicator is the average of the balance figures for four questions concerning the next 12 months: own and Finlands economy, households saving possibilities and unemployment (with changed sign). The balance figures and the confidence indicator can range between -100 and 100. 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 issues concerning current and future conditions. There are many kinds of confidence indicators as institutions measuring them use different questions, sizes of samples or frequency of publications.

EK business tendency surveys are part of the EU s harmonised system of business surveys. The surveys are carried out between the 1st and 25th of each month. Industrial confidence indicator is calculated from the responses of manufacturing executives to three questions: production expectations in the next few months, order books as well as (-) finished goods inventories compared to normal.

Trade balance 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 investor's interest in the local currency, appreciating its exchange rateA 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.

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.

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 EUR, while a lower than expected reading should be taken as positive/bullish for the EUR.

This release comprises all persons 15 years of age and over who were not employed (neither worked for profit, payment in kind or family gain at any job even for one hour, who have no job attachment) during the reference period who have used at least one channels for seeking a job during the last three months and were available to start work within 15 days. Persons who have already found a job or established their own job but were waiting to complete necessary documents to start work and who were available to start work within 15 days were also considered to be unemployed. A higher than expected reading should be taken as negative/bearish for the TRY, while a lower than expected reading should be taken as positive/bullish for the TRY.

Changes in the volume of the physical output of the nation's factories, minesand 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. It is often adjusted by season or weather conditions and thus volatile. However, it is used as a leading indicator and helps in forecasting GDP changes. Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.

Changes in the volume of the physical output of the nation's factories, minesand 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. It is often adjusted by season or weather conditions and thus volatile. However, it is used as a leading indicator and helps in forecasting GDP changes. Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.

The Leading Indicators Index is a composite index based on 10 economic indicators, that is designed to predict the future direction of the economy. The report tends to have a limited 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 CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

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 and food 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. Rising retail sales indicate stronger economic growth.

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 and food 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. Rising retail sales indicate stronger economic growth.

French Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.

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.

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.

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.

Private Loans measures the change in the total value of new loans issued to non financial corporations. 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.

Private Loans measures the change in the total value of new loans issued to consumers and businesses in the private sector.

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

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

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

German Schatz notes have maturities of two years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the Schatz represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

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

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 figureBecause foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the BRL. 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.

 Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net outflows of investment from the reporting economy to the rest of the world and is divided by GDP. A higher than expected number should be taken as positive to the BRL, 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 MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.

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 negativeone 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 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.

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

Building Permits is a report closely watched by economists and investors alike. Since all related factors associated with the construction of a building are important economic activities (for example, financing and employment), the building permit report can give a major hint as to the state of the economy in the near future. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

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.

Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing 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.

Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, including transportation items.

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.

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

Manufacturers new orders for nondefense capital goods excluding aircrafts. Nondefense capital goods include among other things: small arms; farm machinery and equipment; construction machinery; turbines, generators and other power transmission equipment; electronic computers; communications equipment; heavy duty trucks; office and institutional furniture; and medical materials and supplies.

The Manufacturers Shipments, Inventories, and Orders survey provides broad- based, monthly statistical data on economic conditions in the domestic manufacturing sector.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

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 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 House Price Index (HPI) is a broad measure of the movement of single-family house prices, with mortgages backed by Fannie Mae or Freddie Mac. This report helps to analyze the strength of the US housing market, which helps to analysis the economy as a whole.

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 HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative

OFHEO's House Price Index (HPI) is a measure designed to capture changes in the value of single-family homes in the U.S. as a whole, in various regions of the country. The HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index. Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit.

House price index is a statistic designed to reflect the average change of house prices across the country or a certain area.It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index. Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit.

The S&P/Case-Shiller House Price Index measures the change in the selling price of single-family homes in 20 metropolitan areas.

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 Case-Shiller index prices are measured monthly and tracks repeat sales of houses using a modified version of the weighted-repeat sales methodology proposed by Karl Case and Robert Shiller and Allan Weiss. This means that, to a large extent, it is able to adjust for the quality of the homes sold, unlike simple averages. As a monthly tracking index, Case-Shiller Index has long lag time. Typically, it takes about 2 months for S&P to publish the results, as opposed to 1 month for most other monthly indices and indicators. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.

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.

New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated.

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.

New Home Sales measures the change in percenatge of the new home sales, A new home sale is considered to be any deposit or contract signing either in the year the house was built or the year after it was built. A strong number would indicate a strong housing activity, and therefore a strong economy. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative

The Richmond Manufacturing Index rates the relative level of business conditions including shipments, new orders, and employment. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 100 manufacturers in the Richmond area.

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 Survey of Fifth District Manufacturing Activity - Business activity index. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and Most of West Virginia. Each index equals the precentage reporting increase minus the percentage reporting decrease.

The Survey of Fifth District Manufacturing Activity - Business activity index. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and Most of West Virginia. Each index equals the precentage reporting increase minus the percentage reporting decrease.

survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease.

Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease.

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 figures displayed in the calendar represent the yield on the Treasury Note auctioned.

U.S. Treasury Notes have maturities of two to ten 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 Note 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.

US M2 Money Stock refers to the measure of money supply that includes financial assets held mainly by households. These include savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid financial assets as defined by the M1 measure of money, such as currency, traveler's checks, demand deposits, and other checkable deposits. The US M2 Money Stock is critical in understanding and forecasting money supply, inflation, and interest rates in the US. Historically, when the money supply dramatically increased in global economies, there would be a following dramatic increase in prices of goods and services, which would then follow monetary policy with the aim to maintain inflation levels low.

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.

The Banco de Chile (Bank of Chile) Monetary Policy Committee's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the CLP, while a lower than expected rate is negative/bearish for the CLP.

A statistical measurement and economic indicator of the overall health of the economy as determined by consumer opinion. Consumer sentiment takes into accountan individual's feelings toward his or her own current financial health, the health of the economy in the short term and the prospects for longer term economic growth.