Forex calendar
| Time (GMT +1) | Currency | Economic impact | Event | Prev. | Forecast | Actual |
|---|
| 03:30 | AUD | high | RBA Monetary Policy Statement | | | | The Reserve Bank of Australia (RBA) Statement on Monetary Policy provides a detailed assessment of current economic conditions, prospects for inflation, and output growth.
The report is published quarterly and holds critical insights into the bank's view of inflation and the economic conditions that will effect interest rates. Traders scrutinize this report as it's been known to provide clues about the bank's future monetary policy. Source. | | 08:00 | EUR | low | German WPI m/m | 0.9% | 0.5% | 0.9% | | The Wholesale Price Index (WPI) measures the rate of inflation experienced at the wholesale level. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased at the wholesale level. Source. | | 08:00 | JPY | low | Machine Tool Orders y/y | -2.5% | | -8.9% | Measures the total value of new orders placed with machine tool manufacturers.
A rising trend has a positive effect on the nation's currency. When manufacturers increase their purchasing of machine tools it signals that the manufacturing industry is in an expansion phase. | | 08:45 | EUR | medium | French Industrial Production m/m | -2.6% | 0.5% | -0.4% | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 40 days after the month ends;
Next Release: Sep 10, 2008
Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings;
Source. | | 10:30 | GBP | high | PPI Input m/m | 2.1% | 1.0% | 2.1% | Measures: Change in the price of goods and raw materials purchased by manufacturers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 12 days after the month ends;
Next Release: Sep 8, 2008
FF Notes: This data has added importance because it's released ahead of CPI;
Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer;
Acronyms: Producer Price Index (PPI), Consumer Price Index (CPI);
Source. | | 10:30 | GBP | medium | Trade Balance | -7.5B | -7.4B | -7.5B | Measures: Difference in value between imported and exported goods during the reported month;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 40 days after the month ends;
Next Release: Sep 10, 2008
FF Notes: Creates significant impacts on occasion but generally produces a mild reaction. A positive number indicates that more goods were exported than imported;
Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
Also Called: Visible Trade Balance;
Source. | | 10:30 | GBP | low | PPI Output m/m | 0.9% | 0.5% | 0.9% | Measures: Change in the price of goods sold by manufacturers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 12 days after the month ends;
Next Release: Sep 8, 2008
FF Notes: This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator. Only includes goods produced domestically;
Also Called: Factory Gate Prices;
Acronyms: Producer Price Index (PPI), Consumer Price Index (CPI);
Source. | | 14:15 | CAD | high | Housing Starts | 218K | 210K | 187K | Measures: Annualized number of new residential buildings that began construction during the previous month;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 9 days after the month ends;
Next Release: Sep 9, 2008
FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12). Market impact tends to vary and is occasionally quite hefty;
Why Traders Care: It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;
Acronyms: Canada Mortgage and Housing Corporation (CMHC);
Source. | | 14:30 | CAD | low | New Housing Price Index m/m | 0.0% | 0.1% | 0.0% | | The New Housing Price Index (NHPI) measures monthly changes in the selling prices of new residential houses. The NHPI is used as the inflation measure of new home construction. Source. |
| Time (GMT +1) | Currency | Economic impact | Event | Prev. | Forecast | Actual |
|---|
| 01:01 | GBP | medium | BRC Retail Sales Monitor y/y | -0.4% | | -0.4% | Measures: Change in the value of same-store sales at the retail level;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 8 days after the month ends;
Next Release: Sep 9, 2008
FF Notes: Leads the government-released retail data by about 10 days, but has a narrower focus as it only includes retailers who belong to the BRC;
Also Called: Like-for-like Retail Sales;
Acronyms: British Retail Consortium (BRC);
Source. | | 01:01 | GBP | medium | RICS House Price Balance | -88.0% | -90.0% | -88.0% | | The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the price change of homes in the UK. This leading indicator represents the percentage of chartered surveyors reporting a price rise in their designated area. For instance, a reading of 50% means that 50% more surveyors reported a rise than reported a fall in prices. Source. | | 01:50 | JPY | low | CGPI y/y | 5.6% | 5.8% | 7.1% | Measures: Change in the price of goods sold by corporations;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 11 days after the month ends;
Next Release: Sep 10, 2008
Why Traders Care: It's a leading indicator of consumer inflation - when corporations charge more for goods the higher costs are usually passed on to the consumer;
Also Called: Domestic CGPI;
Acronyms: Corporate Goods Price Index (CGPI);
Source. | | 03:30 | AUD | medium | NAB Business Confidence | -9 | | -9 | | National Australia Bank (NAB) Business Confidence measures the mood of domestic firms in non-farm sectors. The indicator is derived from a survey of around 350 small to large sized companies. Source. | | 06:30 | JPY | low | Revised Industrial Production m/m | -2.0% | -2.0% | -2.0% | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are two versions of this indicator released about 15 days apart - Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;
Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings;
Source. | | 07:00 | JPY | low | Household Confidence | 32.6 | 32.1 | 32.6 | Measures: Level of a composite index based on surveyed households, excluding single-person homes;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 14 days after the month ends;
Next Release: Sep 16, 2008
Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via: Survey of about 5,000 households which asks respondents to rate the relative level of economic conditions including overall livelihood, income growth, employment, and climate for major purchases;
Also Called: Consumer Confidence Households;
Source. | | 08:42 | EUR | low | French CPI m/m | 0.4% | -0.2% | -0.2% | FF Alert: Source released data 3 minutes earlier than scheduled;
Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 17, 2008
FF Notes: Tends to have a muted impact because there are several earlier indicators related to Eurozone consumer inflation;
Acronyms: Consumer Price Index (CPI);
Source. | | 08:45 | EUR | low | French CPI m/m | 0.4% | -0.2% | | Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 17, 2008
FF Notes: Tends to have a muted impact because there are several earlier indicators related to Eurozone consumer inflation;
Acronyms: Consumer Price Index (CPI);
Source. | | 10:29 | GBP | medium | DCLG HPI y/y | 3.7% | 1.5% | 0.6% | Measures: Change in the selling price of homes;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: Tends to have a relatively mild impact because there are several earlier indicators related to house prices;
Also Called: DCLG House Prices;
Acronyms: House Price Index (HPI), Department for Communities and Local Government (DCLG);
Source. | | 10:30 | GBP | high | CPI y/y | 3.8% | 4.1% | 3.8% | Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: This is considered the UK's most important inflation data because it's used as the central bank's inflation target;
Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling;
Acronyms: Consumer Price Index (CPI);
Source. | | 10:30 | GBP | medium | Core CPI y/y | 1.6% | 1.7% | 1.6% | Measures: Change in the price of goods and services purchased by consumers, excluding the volatile food, energy, alcohol, and tobacco items;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: The Core data has a mild impact relative to other countries because overall CPI is the central bank's mandated inflation target;
Acronyms: Consumer Price Index (CPI);
Source. | | 10:30 | GBP | medium | DCLG HPI y/y | 3.7% | 1.5% | | Measures: Change in the selling price of homes;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: Tends to have a relatively mild impact because there are several earlier indicators related to house prices;
Also Called: DCLG House Prices;
Acronyms: House Price Index (HPI), Department for Communities and Local Government (DCLG);
Source. | | 10:30 | GBP | low | RPI y/y | 4.6% | 4.9% | 4.6% | Measures: Change in the price of goods and services purchased by consumers for the purpose of consumption;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households;
Acronyms: Retail Price Index (RPI), Consumer Price Index (CPI);
Source. | | 14:30 | CAD | high | Trade Balance | 5.5B | 5.7B | 5.5B | Measures: Difference in value between imported and exported goods during the reported month;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 40 days after the month ends;
Next Release: Sep 11, 2008
FF Notes: A positive number indicates that more goods were exported than imported. About two-thirds of Canadian exports are purchased by the US;\r\n
Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
Also Called: International Merchandise Trade;
Source. | | 16:00 | USD | low | IBD/TIPP Economic Optimism | 37.4 | 38.5 | 37.4 | Measures: Level of a diffusion index based on surveyed consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, around the second week of the current month;
Next Release: Sep 9, 2008
FF Notes: Above 50.0 indicates optimism, below indicates pessimism;
Derived Via: Survey of about 900 consumers which asks respondents to rate the relative level if economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies;
Also Called: IBD/TIPP Consumer Confidence;
Acronyms: Investor's Business Daily (IBD), TechnoMetrica Institute of Policy and Politics (TIPP);
Source. |
| Time (GMT +1) | Currency | Economic impact | Event | Prev. | Forecast | Actual |
|---|
| 01:15 | AUD | medium | RBA Assist Gov Lowe Speaks | | | | Speaker: RBA Assistant Governor Dr. Philip Lowe;
Description: Due to speak at the Retail Financial Services Forum, in Sydney;
Usual Effect: More hawkish than expected = Good for currency;
Why Traders Care: He's responsible for issues relating to financial stability and payments system, and his public engagements are often used to drop subtle clues regarding future policy shifts;
Acronyms: Reserve Bank of Australia (RBA);
Source. | | 01:50 | JPY | high | Prelim GDP q/q | 1.0% | -0.6% | -0.6% | Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 13, 2008
FF Notes: There are two versions of GDP released one month apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact;
Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health;
Acronyms: Gross Domestic Product (GDP);
Source. | | 01:50 | JPY | medium | Prelim GDP Price Index y/y | -1.5% | -1.5% | -1.6% | Measures: Change in the price of all goods and services implied by GDP;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 13, 2008
Why Traders Care: It's the broadest measure of inflation, encompassing all activities included in GDP, and is one of the primary instruments the central bank uses to assess inflation;
Also Called: GDP Deflator;
Acronyms: Gross Domestic Product (GDP);
Source. | | 01:50 | JPY | low | Current Account | 2.03T | 0.50T | 1.29T | Measures: Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 40 days after the month ends;
Next Release: Sep 10, 2008
FF Notes: The goods portion has no impact because it's a duplicate of the Trade Balance data released about 20 days earlier;
Why Traders Care: It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
Source. | | 02:30 | AUD | medium | WMI Consumer Sentiment m/m | -6.7% | | -6.7% | | The Westpac Melbourne Institute (WMI) Consumer Sentiment measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Source. | | 03:30 | AUD | medium | Wage Price Index q/q | 0.9% | 1.0% | 0.9% | Measures: Change in the price businesses and the government pay for labor, excluding bonuses;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 12, 2008
Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
Also Called: Wage Cost Index, Labour Price Index;
Source. | | 10:30 | GBP | high | Claimant Count Change | 15.5K | 17.5K | 15.5K | Measures: Change in the number of people claiming unemployment related benefits during the previous month;
Usual Effect: Actual < Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 17, 2008
FF Notes: It's the first indication of the employment situation, released a month earlier than the Unemployment Rate;
Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions;
Also Called: Jobless Claims;
Source. | | 10:30 | GBP | medium | Average Earnings Index y/y | 3.8% | 3.6% | 3.8% | Measures: Change in the price businesses and the government pay labor, including bonuses;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 17, 2008
FF Notes: Data represents a 3-month moving average compared to the same period a year ago. A figure that excludes bonuses is also released, but not included for lack of significance;
Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
Also Called: Average Earnings Including Bonuses;
Source. | | 10:30 | GBP | low | Unemployment Rate | 5.2% | 5.3% | 5.2% | Measures: Percentage of total work force that is unemployed and actively seeking employment during the past 3 months;
Usual Effect: Actual < Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 17, 2008
Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions;
Also Called: ILO Unemployment Rate, Jobless Rate;
Source. | | 11:00 | EUR | medium | Industrial Production m/m | -1.9% | 0.3% | -1.9% | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: Tends to have a relatively mild impact because Germany and France, which account for about half of the Eurozone's economy, release earlier production data;
Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings;
Source. | | 11:30 | GBP | high | BOE Inflation Report | | | | The Bank of England (BOE) Inflation Report provides detailed economic analysis and an assessment of inflation over the next two years.
The report is published quarterly and holds critical insights into the bank's view of inflation and the economic conditions that will effect interest rates in the future. Traders scrutinize this report as it's been known to provide clues about the bank's future monetary policy. Source. | | 14:30 | USD | high | Core Retail Sales m/m | 0.8% | 0.5% | 0.8% | Measures: Change in the total value of sales at the retail level, excluding automobiles;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 14 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: Automobile sales account for about a 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;
Also Called: Retail Sales Ex Autos;
Source. | | 14:30 | USD | high | Retail Sales m/m | 0.1% | 0.0% | 0.1% | Measures: Change in the total value of sales at the retail level;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 14 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: This is the earliest and broadest look at vital consumer spending data;
Why Traders Care: It's the primary gauge of consumer spending, which accounts for a majority of overall economic activity;
Also Called: Advance Retail Sales;
Source. | | 14:30 | USD | medium | Import Price Index m/m | 2.6% | 1.0% | 2.6% | | Measures the monthly rate of inflation for imported goods. Source. | | 16:00 | USD | medium | Business Inventories m/m | 0.3% | 0.5% | 0.3% | Measures: Change in the total value of goods held in inventory by manufacturers, wholesalers, and retailers;
Usual Effect: Actual < Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 12, 2008
Why Traders Care: It's a signal of future business spending because companies are more likely to purchase goods when they have depleted inventories;
Source. | | 16:35 | USD | medium | Crude Oil Inventories | 1.7M | | 1.7M | Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;
Usual Effect: No clear effect, there are both inflationary and growth implications;
Frequency: Released weekly, 4 days after the week ends;
Next Release: Aug 20, 2008
FF Notes: While this is a US indicator, it most affects the loonie due to Canada's massive oil sands;
Why Traders Care: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;
Also Called: Crude Stocks, Crude Levels;
Acronyms: Energy Information Administration (EIA);
Source. |
| Time (GMT +1) | Currency | Economic impact | Event | Prev. | Forecast | Actual |
|---|
| 00:33 | NZD | low | Business NZ Manufacturing Index | 45.3 | | 48.8 | FF Alert: Source released data 87 minutes earlier than scheduled;
Measures: Level of a diffusion index based on surveyed manufacturers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 12 days after the month ends;
Next Release: Sep 11, 2008
FF Notes: This report is often released earlier than scheduled. Above 50.0 indicates expansion, below indicates contraction;
Derived Via: Survey of manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, deliveries, and inventories;
Also Called: Performance of Manufacturing Index;
Source. | | 01:50 | JPY | medium | Tertiary Industry Activity Index m/m | -0.2% | -0.3% | -0.8% | Measures the change in spending for services.
A rising trend has a positive effect on the nation's currency because about half of the nation's workers are employed in the service industry. Strong spending in the services sector not only signals higher employment rates, but can also be a sign of strong consumer spending in the future. Source. | | 02:00 | NZD | low | Business NZ Manufacturing Index | 45.7 | | | Measures: Level of a diffusion index based on surveyed manufacturers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 12 days after the month ends;
Next Release: Sep 11, 2008
FF Notes: This report is often released earlier than scheduled. Above 50.0 indicates expansion, below indicates contraction;
Derived Via: Survey of manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, deliveries, and inventories;
Also Called: Performance of Manufacturing Index;
Source. | | 07:45 | CHF | medium | Consumer Climate | 2 | -4 | -17 | Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future.
Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy. | | 08:00 | EUR | high | German Prelim GDP q/q | 1.5% | -0.8% | 1.5% | Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 13, 2008
FF Notes: There are two versions of GDP released about 10 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact;
Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health;
Also Called: First Release GDP, Preliminary GDP;
Acronyms: Gross Domestic Product (GDP);
Source. | | 08:00 | EUR | low | German Final CPI m/m | 0.6% | 0.6% | 0.6% | Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are two versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact;
Acronyms: Consumer Price Index (CPI);
Source. | | 08:41 | EUR | low | French Prelim GDP q/q | 0.4% | 0.1% | -0.3% | FF Alert: Data leaked 4 minutes earlier than the scheduled release;
Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 14, 2008
FF Notes: There are two versions of GDP released about 45 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health;
Acronyms: Gross Domestic Product (GDP);
Source. | | 08:45 | EUR | medium | French Prelim Non-Farm Payrolls q/q | 0.4% | 0.2% | -0.1% | Measures: Change in the number of employed people, excluding the farming industry and government;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 17, 2008
FF Notes: Due to the double revision schedule the 'History' data will appear unconnected. There are two versions of this indicator released one month apart - Preliminary and Final. Both tend to have a muted impact because there are several earlier indicators related to Eurozone labor conditions;
Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Also Called: Non-Farm Employment, Provisional Employment;
Source. | | 08:45 | EUR | low | French Prelim GDP q/q | 0.5% | 0.1% | | Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 14, 2008
FF Notes: There are two versions of GDP released about 45 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health;
Acronyms: Gross Domestic Product (GDP);
Source. | | 10:00 | EUR | medium | ECB Bulletin | | | | Usual Effect: More hawkish than expected = Good for currency;
Frequency: Released monthly, 7 days after the Minimum Bid Rate release;
Next Release: Sep 11, 2008
Why Traders Care: It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision. The report also provides detailed analysis of inflation and current economic conditions;
Also Called: Monthly Bulletin, Monthly Report;
Acronyms: European Central Bank (ECB);
Source. | | 11:00 | EUR | high | CPI y/y | 4.1% | 4.1% | 4.1% | Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: The 'Previous' listed is the 'Actual' from the CPI Flash Estimate and therefore the 'History' data will appear unconnected. This is considered the Eurozone's most important inflation data because it's used as the central bank's inflation target, but it tends to have a relatively mild impact as the CPI Flash Estimate and German Prelim CPI are released about 15 days earlier;
Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Acronyms: Consumer Price Index (CPI);
Source. | | 11:00 | EUR | medium | Core CPI y/y | 1.8% | 1.8% | 1.8% | Measures: Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: The Core data has a mild impact relative to other countries because overall CPI is the central bank's mandated inflation target;
Acronyms: Consumer Price Index (CPI);
Source. | | 11:00 | EUR | medium | Flash GDP q/q | 0.7% | -0.2% | 0.7% | Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 45 days after the quarter ends;
Next Release: Nov 14, 2008
FF Notes: Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release their GDP earlier. There are three versions of GDP released about 15 days apart – Flash, Revised, and Final. The Flash release is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health;
Also Called: GDP First Estimate, Provisional GDP;
Acronyms: Gross Domestic Product (GDP);
Source. | | 14:30 | USD | high | Core CPI m/m | 0.3% | 0.2% | 0.3% | Measures: Change in the price of goods and services purchased by consumers, excluding food and energy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
FF Notes: Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC pays the most attention to the Core data - so do traders;
Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Also Called: CPI Ex Food and Energy, Underlying CPI;
Acronyms: Consumer Price Index (CPI);
Source. | | 14:30 | USD | medium | CPI m/m | 1.1% | 0.4% | 1.1% | Measures: Change in the price of goods and services purchased by consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 15 days after the month ends;
Next Release: Sep 16, 2008
Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling;
Acronyms: Consumer Price Index (CPI);
Source. | | 14:30 | USD | medium | Unemployment Claims | 455K | 433K | 455K | Measures: The number of individuals who filed for unemployment insurance for the first time during the past week;
Usual Effect: Actual < Forecast = Good for currency;
Frequency: Released weekly, 5 days after the week ends;
Next Release: Aug 21, 2008
FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes;
Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions;
Also Called: Jobless Claims, Initial Claims;
Source. | | 16:30 | CAD | high | BOC Summer Review | | | | | The Bank of Canada (BOC) Review is a quartarly publication featuring articles related to the economy and central banking, with summary statistical tables. Source. | | 16:35 | USD | low | Natural Gas Storage | 56B | | 56B | Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week;
Usual Effect: No clear effect, there are both inflationary and growth implications;
Frequency: Released weekly, 5 days after the week ends;
Next Release: Aug 21, 2008
FF Notes: While this is a US indicator, it most affects the loonie due to Canada's massive oil sands;
Why Traders Care: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;
Also Called: Nat Gas Stocks, Nat Gas Inventories;
Acronyms: Energy Information Administration (EIA);
Source. | | 20:30 | USD | medium | FOMC Member Stern Speaks | | | | Speaker: Federal Reserve Bank of Minneapolis President Gary Stern;
Description: Due to deliver a speech titled "Repercussions from the Financial Shock" at the Annual meeting of the Federal Reserve Bank of Minneapolis, in Montana. Audience questions expected;
Usual Effect: More hawkish than expected = Good for currency;
FF Notes: 2008 FOMC voting member;
Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
Acronyms: Federal Open Market Committee (FOMC);
Source. |
| Time (GMT +1) | Currency | Economic impact | Event | Prev. | Forecast | Actual |
|---|
| 00:45 | NZD | high | Core Retail Sales m/m | 0.7% | -0.8% | 0.0% | Measures: Change in the total value of sales at the retail level, excluding automobiles;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: Automobile sales account for about a 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;
Also Called: Retail Sales Ex Autos;
Source. | | 00:45 | NZD | high | Retail Sales m/m | -1.2% | -1.6% | 0.9% | Measures: Change in the total value of sales at the retail level;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 45 days after the month ends;
Next Release: Sep 12, 2008
FF Notes: This is the earliest and broadest look at vital consumer spending data;
Why Traders Care: It's the primary gauge of consumer spending, which accounts for a majority of overall economic activity;
Source. | | 14:30 | CAD | medium | Manufacturing Shipments m/m | 2.7% | 1.0% | 2.7% | | Measure the total value of shipments made by manufacturers. Source. | | 14:30 | CAD | low | New Motor Vehicle Sales m/m | 1.1% | 0.0% | 1.1% | Measures the unit sales for new vehicles.
A rising trend has a positive effect on the nation's currency because demand for vehicles, as with other expensive durable goods, has historically been a leading indicator of trends in overall consumer spending. Vehicle sales accounting for roughly 25% of total retail sales. Source. | | 14:30 | USD | medium | Empire State Manufacturing Index | -4.9 | -4.3 | -4.9 | Measures: Level of a diffusion index based on surveyed manufacturers in New York state;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, around the middle of the current month;
Next Release: Sep 15, 2008
FF Notes: Above 0.0 indicates improving conditions, below indicates worsening conditions;\r\n
Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via: Survey of about 200 manufacturers in New York state which asks respondents to rate the relative level of general business conditions;
Source. | | 15:00 | USD | high | TIC Net Long-Term Transactions | 67.0B | 55.0B | 67.0B | Treasury International Capital (TIC) Net Long-Term Transactions measures the monthly difference in cross-border foreign and domestic purchases of long-term securities (i.e., bonds with an original maturity longer than one year). For example, if foreigners purchased 0 billion in US securities, and the US purchased billion in foreign securities, the net reading would be billion.
A rising trend has a positive effect on the nation's currency because foreigners must first convert their domestic currency before they can purchase the nation's assets. This can dramatically elevate currency demand. Traders watch this indicator closely as it provides several insights into international currency flows. Source. | | 15:15 | USD | medium | Capacity Utilization Rate | 79.9% | 79.8% | 79.9% | Measures: Percentage of available resources being utilized by manufacturers, mines, and utilities;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 16 days after the month ends;
Next Release: Sep 15, 2008
Why Traders Care: It's a leading indicator of consumer inflation - when producers are nearing full capacity they respond by raising prices, and the higher costs are usually passed on to the consumer;
Source. | | 15:15 | USD | medium | Industrial Production m/m | 0.5% | 0.0% | 0.2% | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, about 16 days after the month ends;
Next Release: Sep 15, 2008
Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings;
Source. | | 15:55 | USD | high | Prelim UoM Consumer Sentiment | 61.2 | 62.0 | 61.7 | Measures: Level of a composite index based on surveyed consumers;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, around the middle of the current month;
Next Release: Sep 12, 2008
FF Notes: There are two versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;
Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via: Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions;
Also Called: Reuters/University of Michigan Consumer Sentiment;
Acronyms: University of Michigan (UoM);
Source. | | 15:55 | USD | low | Prelim UoM Inflation Expectations | 5.1% | | 4.8% | Measures: Percentage that consumers expect the price of goods and services to change during the next 12 months;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, around the middle of the current month;
Next Release: Sep 12, 2008
FF Notes: There are two versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;
Why Traders Care: Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise;
Derived Via: Survey of about 500 consumers which asks respondents where they expect prices to be 12 months in the future;
Acronyms: University of Michigan (UoM);
Source. |
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