FX.co ★ Traders economic calendar. International economic events

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.

Interest Rate Projection for the 1st year is an economic calendar event in the United States that forecasts the interest rates for the upcoming year. It provides valuable insights into the future trends of the interest rates, which can impact various aspects of the economy, such as borrowing costs, investment decisions, and currency valuations.

This projection is closely monitored by investors, businesses, and policymakers to make well-informed financial decisions and assess the overall health of the economy. By considering various factors like inflation, economic growth, unemployment rates, and other economic indicators, the projection sets expectations for future interest rates and helps in anticipating how the Federal Reserve might adjust its monetary policy in response to these factors.

The Interest Rate Projection - 2nd Yr event is an economic indicator that provides insights into the expected direction of interest rates within the United States for the second year. This projection is a valuable tool for investors, businesses, and policymakers to make informed decisions based on the anticipated movement of interest rates.

The Federal Reserve plays a crucial role in determining the interest rates and managing monetary policy. Interest Rate Projections are essential for assessing the overall health of the economy, inflation, and unemployment rates. These projections aid decision-makers in planning their investments and strategies according to future economic conditions. A higher interest rate typically signals a stronger economy, while a lower rate may indicate economic weakness or uncertainty.

The Interest Rate Projection for the 3rd year is a forward-looking economic indicator that provides an estimate of where interest rates could be in three years. It is a critical tool for central banks, economists, and financial market participants to gauge the future trajectory of monetary policy and the overall economic outlook in the United States.

This economic calendar event is based on various factors, such as inflation expectations, global economic developments, and the current stance of monetary policy. By analyzing these factors, the interest rate projection aims to provide a valuable insight into the anticipated interest rate environment, which can influence investment decisions, borrowing costs, and financial market stability.

It is essential to note that these projections are subject to revision, as economic conditions change and new information becomes available. As such, market participants closely monitor the release of these forecasts to assess the potential impact on interest rates, currency valuation, and other financial instruments.

The Interest Rate Projection - Current is an economic calendar event for the United States that reflects the market's expectations for future central bank interest rate decisions. Economists, analysts, and market participants use these projections to assess the likely short-term direction of interest rates, which can impact borrowing costs, investment decisions, and financial market activity.

These projections are based on various factors, such as economic growth, inflation, and employment data, as well as global economic developments and geopolitical risks. The Interest Rate Projection - Current is an essential tool for understanding the potential monetary policy direction and its implications for businesses, investors, and consumers.

The Interest Rate Projection - Longer is an economic calendar event for the United States that represents the long-term forecasts for interest rates. This projection, made by central banking authorities like the Federal Reserve, helps market participants and analysts better anticipate future economic developments and monetary policy decisions. The longer-term interest rate forecasts typically cover a period of several years.

These projections can have significant implications for the economy, as interest rates impact borrowing costs, investment decisions, and the value of assets. For instance, higher long-term interest rates can result in increased costs for borrowers, while lower rates can stimulate economic growth through more accessible credit. As such, the Interest Rate Projection - Longer is an essential event to keep an eye on in order to understand both the overall economic outlook and the potential implications for various sectors and financial instruments.

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

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

This report includes the Federal Open Market Committee's (FOMC) projection for inflation and economic growth over the next 2 years. An important part of the report is the breakdown of individual FOMC members' interest rate forecasts.

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes.

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

The FOMC Press Conference is a crucial event on the economic calendar for the United States. It is held by the Federal Open Market Committee (FOMC) and serves as a platform for the Chairman of the Federal Reserve to communicate their views on the current state of the economy, monetary policy, interest rates, and future expectations.

Different subjects discussed during the conference range from inflation, growth outlook, labor market conditions to global economic developments. These insights are vital for financial market participants, as they offer valuable information from the central bank, which in turn influences investment decisions and market reactions.

Analyzing the FOMC Press Conference is essential for traders and investors alike, as the information revealed during the conference can cause significant market movements and create opportunities for profit or potential risk. Keeping a close eye on the conference can provide valuable insights into the direction of monetary policy and its subsequent effects on the economy and financial markets.

The Interest Rate Decision is an important economic calendar event for Saudi Arabia, as it reflects the decision made by the Saudi Arabian Monetary Authority (SAMA) on the country's benchmark interest rate. The benchmark interest rate is a crucial factor in determining the cost of borrowing for businesses and households, as well as influencing investment flows and overall economic activity.

A change in the interest rate can have a significant impact on various sectors of the economy, including consumption, investment, and international trade. This decision is typically based on an assessment of domestic and global economic conditions, including factors such as inflation, economic growth, and financial market stability.

Investors, traders, and businesses closely monitor the Interest Rate Decision, as it can provide insight into the monetary policy stance of the central bank and potential future developments in the economy. An increase in the interest rate may signal a tightening of monetary policy, while a decrease may indicate an expansionary stance.

The Interest Rate Decision is a highly anticipated economic event in Kuwait, where the Central Bank of Kuwait announces whether it will raise, lower, or maintain its benchmark interest rate. This crucial monetary policy decision has a significant impact on the economic outlook and the financial markets in the country.

Central banks use interest rates as a tool to manage inflation, economic growth, and employment. A higher interest rate often leads to a stronger currency, as it attracts foreign investment and encourages saving, while a lower interest rate stimulates economic growth by making borrowing cheaper and encouraging consumer spending.

The Interest Rate Decision is closely monitored by investors, businesses, and policymakers, as it provides insights into the Central Bank's views on the current and future state of the economy, and guides their expectations and decisions accordingly.

The Central Bank of United Arab Emirates (CBUAE) 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 AED, while a lower than expected rate is negative/bearish for the AED.

The Interest Rate Decision is a significant economic calendar event for Bahrain, as it represents the Central Bank of Bahrain's (CBB) decision on the country's key policy interest rate. As Bahrain's central bank, the CBB is responsible for implementing monetary policy and maintaining the stability of the country's financial system in order to promote sustainable economic growth.

This event often attracts the attention of investors, businesses, and policymakers, as the interest rate decision can have direct and indirect effects on various sectors of the economy, including inflation, consumer spending, credit availability, and overall economic growth. Higher interest rates typically lead to a stronger currency, increased savings, and slowed economic activity, while lower interest rates can stimulate spending, boost employment, and encourage economic expansion.

By carefully monitoring the interest rate decision event, investors, businesses and policymakers can make informed decisions based on the CBB's assessment of the current and future state of the Bahraini economy. Additionally, the accompanying statement from the central bank often provides helpful insights into the rationale behind the decision and the bank's outlook on the country's economic trajectory.

The Interest Rate Decision is a key economic event where Qatar's central bank announces adjustments to the country's benchmark interest rate. This decision directly influences the cost of borrowing money and the return on savings, impacting consumer spending, investment, and overall economic activity. Changes in interest rates can also affect inflation, currency value, and financial markets. Typically undertaken to control inflation and stabilize the economy, the interest rate decision is closely monitored by investors, businesses, and policymakers, as it provides insights into the central bank's economic outlook and monetary policy stance. The decision is based on current economic conditions, including growth rates, inflation trends, and external economic factors.

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 Central Bank of Brazil's (BCB) Monetary Policy Committee votes on where to set the overnight 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 BRL, while a lower than expected rate is negative/bearish for the BRL.

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.

Manufacturing Sales measures the change in the overall value of sales made by manufacturers.

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 Business Sentiment Index (BSI) Large Manufacturing Conditions Index measures business sentiment in manufacturing. The data is derived from a survey of large Japanese manufacturers. It is a key indicator of the strength of the Japanese economy, which relies heavily on the manufacturing industry. A level above zero indicates improving conditions; a level below indicates worsening conditions. This survey may help to predict the Bank of Japan's Tankan Large Manufacturing Index which is generally released about a week later.

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.

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.

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.

The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall. The report is a leading indicator of house price inflation as surveyors have access to the latest price data.

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

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 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.

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

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 most popular index for evaluating Swedish inflation is the Consumer Price Index (CPI). The CPI is a time-series measure of fluctuations in prices for goods and services purchased by households nationwide. Another inflation related index is the Consumer Price Index with Fixed Interest Rate (CPIF) m/m. CPIF is calculated monthly based on the same data that is used for the main CPI calculation. However, the direct impact of changes in the monetary policy is excluded from the calculation. It is believed that the Riksbank's monetary policy affects the CPI through changes in mortgage rates. The index shows the change in the current month compared to the previous one.

The most popular index for evaluating Swedish inflation is the Consumer Price Index (CPI). The CPI is a time-series measure of fluctuations in prices for goods and services purchased by households nationwide. Another inflation related index is the Consumer Price Index with Fixed Interest Rate (CPIF) y/y. CPIF is calculated monthly based on the same data that is used for the main CPI calculation. However, the direct impact of changes in the monetary policy is excluded from the calculation. It is believed that the Riksbank's monetary policy affects the CPI through changes in mortgage rates. However, these changes are not connected with the underlying inflationary pressure. The index shows the change in the current month compared to the same month of the previous year.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

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

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

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

Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).

Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).

The Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. 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.

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.

Swiss National Bank (SNB) governing board members come to a consensus on where to set the target range for the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

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

The SNB Monetary Policy Assessment is an important economic event in Switzerland. Conducted by the Swiss National Bank (SNB), this quarterly assessment provides crucial insights and opinions on the country's current monetary policies, as well as potential updates or changes in the policy framework.

During this assessment, the SNB's Governing Board reviews key economic indicators, including GDP growth, inflation rates, and employment, and considers the performance of these indicators from both a domestic and global perspective. The purpose of this analysis is to determine the suitability of current monetary policy measures and ensure their effectiveness in promoting and maintaining financial stability.

Market participants and investors carefully analyze the SNB Monetary Policy Assessment, as it can provide valuable information about the future direction of Swiss monetary policy. Changes to the policy framework, such as adjustments to interest rates or the exchange rate peg, can have a significant impact on the Swiss economy, financial markets, and the Swiss Franc's value relative to other currencies.

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 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 SNB Press Conference is an economic calendar event for Switzerland, where the Swiss National Bank (SNB) communicates its monetary policy decisions to the public. This conference typically occurs quarterly, following the release of the SNB's interest rate decision and monetary policy assessment.

During the press conference, the central bank provides insights into its economic outlook, inflation forecasts, and the factors influencing its policy decisions. Financial market participants closely follow the press conference as it can provide clues about future changes in monetary policy, interest rates, or potential interventions in the foreign exchange market.

Significant policy announcements or shifts in economic projections by the SNB can lead to fluctuations in the Swiss franc's exchange rate or affect the country's financial markets, making this event important for traders and investors focused on Swiss assets.

The Italian Quarterly Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous quarter.

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.

Federal Reserve Governor (March 2006 - January 2009) and Federal Open Market Committee (FOMC) voting member Randall Kroszner is to speak. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy.

His comments may determine a short-term positive or negative trend.

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.