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March 2006
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| Jump to month < click calendar to navigate by day, week, or month. | Calendar Options » Display Current Week » Display All Analysis » Send to Friend » Bookmark Calendar » Calendar Time Zone* | Legend
| high impact
| medium impact
| low impact
Green | better than expected
Red | worse than expected
m/m | month over month
y/y | year over year
(p) | preliminary release
(f) | final release
Forex Calendar
Date | Time* | Currency | Data Released |  | Actual | Forecast | Previous | Info.
Mon. 02/27 | 8:00am | E-12 | M3 Money Supply y/y |  | 7.6% | 7.6% | 7.3% | [read]
Definition M3 Money Supply measures the Eurozone's outstanding currency. The indicator is developed by comparing year over year currency levels. M1 = currency in circulation + overnight deposits M2 = M1 + deposits with agreed maturity up to 2 years + deposits redeemable up to 3 months' notice M3 = M2 + repurchase agreements + money market fund shares/units and money market paper + debt securities issued up to 2 years
| 12:00pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition ECB President Jean-Claude Trichet will deliver keynote speech “Looking at EU and euro area enlargement from a central banker’s angle: the views of the ECB” at an event organised by the Bulgarian Diplomatic Institute in Sofia, Bulgaria.
| 12:30pm | CAN | Current Account |  | 13.3B | 12.5B | 9.3B | [read]
Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
| 2:00pm | USA | New Home Sales |  | 1.23M | 1.26M | 1.28M | [read]
Investica Analysis Seasonal distortions are liable to continue. Definition Measures the number of newly constructed homes sold in the previous month.
| 10:50pm | JPN | Industrial Production m/m |  | 0.3% | 0.5% | 1.3% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 10:50pm | JPN | Retail Sales y/y |  | -0.2% | 0.0% | 1.3% | [read]
Definition Measures the annual change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 10:50pm | JPN | Large Retailers' Sales y/y |  | -2.5% | -0.9% | 0.6% | [read]
Definition Measures the annual sales activity of Japan's largest retailers.
| 11:30pm | AUS | Current Account |  | -14.4 | -13.0B | -13.5B | [read]
Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
Tue. 02/28 | 4:00am | JPN | Housing Starts y/y |  | -2.2% | -2.6% | -0.9% | [read]
Definition Measures the annual change in the number of new single-family homes or buildings constructed.
| 6:00am | UK | Nationwide House Prices m/m |  | -0.2% | 0.4% | 1.4% | [read]
Definition Measures the monthly change in the average price for a house in the UK. It serves as an inflation indicator for the housing market.
| 7:55am | GER | Unemployment Rate |  | 11.3% | 11.3% | 11.3% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 9:00am | E-12 | Consumer Price Index m/m (f) |  | -0.4% | -0.4% | 0.3% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 9:00am | E-12 | Industrial Confidence |  | -2 | -3 | -4 | [read]
Definition Measures the mood of manufacturers 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 indicator readings point to higher manufacturer optimism. When manufacturers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.
| 9:00am | E-12 | Consumer Confidence |  | -10 | -11 | -11 | [read]
Definition 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 and strengthens the country's currency.
| 9:30am | UK | GfK Consumer Confidence |  | -4 | -4 | -3 | [read]
Definition 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 and strengthens the country's currency. GfK, a leading German market research company, publishes this indicator monthly.
| 12:30pm | CAN | Gross Domestic Product m/m |  | 0.4% | 0.3% | 0.2% | [read]
Investica Analysis The data is not likely to have a major impact on the Bank of Canada. Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the monthly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 12:30pm | USA | Gross Domestic Product q/q |  | 1.6% | 1.6% | 1.1% | [read]
Investica Analysis A significant upward revision is likely. Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 12:30pm | USA | GDP Deflator q/q |  | 3.3% | 3.0% | 3.0% | [read]
Definition The Gross Domestic Product (GDP) Deflator measures the implicit rate of inflation for all economic activity. The deflator is used to calculate the difference between nominal and real GDP, thereby acting as the economy's broadest measure of inflation.
| 1:30pm | USA | New York Fed Pres. Geithner Speaks |  |  |  |  | [read]
Definition New York Federal Reserve President Timothy Geither speaks at Risk Management Conference in New York.
| 2:00pm | USA | Consumer Confidence |  | 101.7 | 104.5 | 106.3 | [read]
Definition 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 and strengthens the country's currency.
| 2:00pm | USA | Chicago PMI |  | 54.9 | 58.1 | 58.5 | [read]
Investica Analysis The data is prone to monthly volatility Definition The National Association of Purchasing Managers (NAPM) Chicago Purchasing Manager's Index (PMI) measures the health of the Chicago business environment. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 2:00pm | USA | Existing Home Sales |  | 6.56M | 6.75M | 6.60M | [read]
Definition Measures the number of previously constructed homes that were sold last month. Existing Home Sales make up a larger portion of the housing market than New Home Sales, and therefore are an important indicator of trends in the housing market. This indicator is published monthly by the National Association of Realtors.
| 2:00pm | USA | Chicago Fed President Moskow Speaks |  |  |  |  | [read]
Definition Chicago Federal Reserve President Michael Moskow speaks about Pensions.
| 11:30pm | AUS | Gross Domestic Product q/q |  | 0.5% | 0.8% | 0.2% | [read]
Investica Analysis Markets are looking for a firm figure which could lead to AUD vulnerability. Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
Wed. 03/01 | 7:55am | GER | Manufacturing PMI |  | 55.8 | 55.6 | 53.6 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:00am | E-12 | Manufacturing PMI |  | 54.5 | 54.1 | 53.5 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:30am | UK | Manufacturing PMI |  | 51.7 | 52.1 | 51.1 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance. The Chartered Institute of Purchasing and Supply (CIPS) publishes this indicator monthly.
| 9:00am | E-12 | Unemployment Rate |  | 8.3% | 8.4% | 8.4% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 9:00am | E-12 | Consumer Price Index y/y (p) |  | 2.3% | 2.3% | 2.4% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the annual change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 12:30pm | CAN | Industrial Product Price Index m/m |  | 0.5% | 0.1% | -0.3% | [read]
Definition The Industrial Product Price Index (IPPI) measures the prices that manufacturers are paid as goods leave the plant gate. Unlike the CPI, the IPPI excludes indirect taxes and all the costs that occur between the time a good leaves the plant and the time the final user takes possession of it, including the transportation, wholesale, and retail costs.
| 12:30pm | CAN | Raw Materials Price Index m/m |  | 5.0% | 3.8% | -1.2% | [read]
Definition The Raw Materials Price Index (RMPI) measures price changes for raw materials purchased by industries in Canada for further processing.
| 12:30pm | USA | Personal Income |  | 0.7% | 0.6% | 0.4% | [read]
Definition Measures the monthly change in average personal income received from all sources.
| 12:30pm | USA | Personal Spending |  | 0.9% | 1.0% | 0.9% | [read]
Definition Measures the total value of consumer purchases of goods and services over the past month. Consumer spending makes up a third of GDP and therefore a rising trend generally strengthens a country's currency.
| 2:00pm | USA | ISM Manufacturing Index |  | 56.7 | 56.0 | 54.8 | [read]
Investica Analysis A weak Chicago report means increased importance for the national figure. Definition The Institute of Supply Management (ISM) Manufacturing Index measures growth in the manufacturing sector. To produce the index, the ISM surveys 400 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories. A reading above 50 indicates an expanding manufacturing sector.
| 2:00pm | USA | Construction Spending m/m |  | 0.2% | 1.0% | 1.0% | [read]
Definition Measures the monthly change in value of new construction projects.
| 2:00pm | USA | Fed Governor Kohn Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Donald L. Kohn Testifies before the Senate about Regulatory Relief.
| 2:30pm | USA | EIA Crude Oil Inventories |  | 1.6M |  | 1.1M | [read]
Definition The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
| 8:00pm | USA | Domestic Vehicle Sales |  | 13.1M | 13.2M | 14.1M | [read]
Definition Measures the number of cars, light trucks, sport utility vehicles, and vans sold in the previous month. Motor vehicle sales are a good indicator of trends in consumer spending.
| 10:45pm | JPN | Monetary Base y/y |  | 1.9% | 1.6% | 1.4% | [read]
Definition Measures the annual change in Japan's outstanding currency in circulation, including banknotes, coins, and current account balances. It uncovers the level of additional currency being supplied by the Bank of Japan. An increasing monetary base generally results in higher inflation.
| 11:30pm | AUS | Retail Sales m/m |  | 0.8% | 0.3% | 0.4% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
Thu. 03/02 | 6:00am | GER | Retail Sales m/m |  | 2.7% | 1.0% | -1.4% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 8:30am | UK | Construction PMI |  | 51.9 | 51.3 | 50.7 | [read]
Definition The Construction Purchasing Manager's Index (PMI) measures the health of the construction sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance. The Chartered Institute of Purchasing and Supply (CIPS) publishes this indicator monthly.
| 9:00am | E-12 | Producer Price Index m/m |  | 1.2% | 0.7% | 0.2% | [read]
Definition The Producer Price Index (PPI) measures the rate of inflation experienced by manufacturers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by manufacturers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 11:45am | E-12 | ECB Interest Rate Statement |  | 2.50% | 2.50% | 2.25% | [read]
Definition The European Central Bank (ECB) Governing Council Interest Rate Statement is released shortly after a meeting in which the ECB, headed by Jean-Claude Trichet, makes a decision on where to set short-term interest rates (refinancing rate). The ECB focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 12:30pm | USA | Unemployment Claims |  | 294K | 285K | 278K | [read]
Definition Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.
| 12:30pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Investica Analysis Trichet's comments will be important and a firm stance is likely. Definition ECB President Jean-Claude Trichet to speak at press conference following the Governing Council meeting of the ECB in Frankfurt
| 2:00pm | USA | Fed Governor Olson Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Mark Olson speaks at Banking Forum in New Orleans.
| 10:30pm | JPN | Unemployment Rate |  | 4.5% | 4.4% | 4.4% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 10:30pm | JPN | Consumer Price Index m/m |  | 0.5% | 0.4% | 0.1% | [read]
Investica Analysis The CPI report will be very important for the Bnak of Japan policy shift timing. Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 11:30pm | AUS | Trade Balance |  | -2.7B | -1.3B | -1.2B | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
Fri. 03/03 | 7:55am | GER | Services PMI |  | 57.8 | 58.3 | 58.1 | [read]
Definition The Services Purchasing Manager's Index (PMI) measures the health of the services sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:00am | E-12 | Services PMI |  | 58.2 | 57.3 | 57.0 | [read]
Definition The Services Purchasing Manager's Index (PMI) measures the health of the services sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:30am | UK | Services PMI |  | 58.9 | 57.1 | 57.0 | [read]
Definition The Services Purchasing Manager's Index (PMI) measures the health of the services sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance. The Chartered Institute of Purchasing and Supply (CIPS) publishes this indicator monthly.
| 9:00am | E-12 | Gross Domestic Product q/q (f) |  | 0.3% | 0.3% | 0.3% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 2:00pm | USA | Consumer Sentiment (f) |  | 86.7 | 87.5 | 87.4 | [read]
Definition Measures consumer attitudes concerning both the present situation and future expectations. It's derived from a monthly 500-person survey conducted by the University of Michigan. Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for a third of the economy.
| 2:00pm | USA | ISM Non-Manufacturing Index |  | 60.1 | 58.0 | 56.8 | [read]
Investica Analysis The price component could be significant in the data. Definition The Institute of Supply Management (ISM) Non-Manufacturing Index measures growth in various industries, including agriculture, mining, construction, transportation, communications, wholesale and retail trade. To produce the index, the ISM surveys 400 firms on employment, production, new orders, supplier deliveries, and inventories. A reading above 50 indicates an expanding services sector.
| 4:30pm | USA | Fed Vice Chairman Ferguson Speaks |  |  |  |  | [read]
Definition Federal Reserve Vice Chairman Roger W. Ferguson, Jr. speaks at the Economic Outlook Howard University Economics Forum, in Washington.
Mon. 03/06 | 8:00am | GER | Retail PMI |  | 50.2 | 50.7 | 50.4 | [read]
Definition The Retail Purchasing Manager's Index (PMI) measures the health of the retail sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:00am | E-12 | Retail PMI |  | 49.6 | 50.2 | 49.7 | [read]
Definition The Retail Purchasing Manager's Index (PMI) measures the health of the retail sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 9:00am | E-12 | Retail Sales m/m |  | 0.8% | 0.7% | 0.1% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 12:30pm | CAN | Building Permits m/m |  | -19.3 | -17.5% | 27.4% | [read]
Definition Measures the monthly change in total value of construction intentions. This data is a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process.
| 2:00pm | USA | Factory Orders m/m |  | -4.5% | -5.4% | 1.1% | [read]
Definition Measures the monthly change in the value of manufacturer's new orders for goods. A rising trend indicates a growing economy. This report gives more in-depth information than the durable goods report released about two weeks earlier.
| 2:00pm | CAN | Ivey PMI |  | 59.5 | 58.1 | 54.1 | [read]
Definition The Ivey Purchasing Manager's Index (PMI) measures the value of purchases made by Canadian companies. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's purchases were higher than, the same as, or lower than the previous month. The 175 survey participants are carefully selected geographically and by sector of activity to match the Canadian economy as a whole. An index reading above 50 indicates expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
Tue. 03/07 | 5:00am | JPN | Machinery Tool Orders y/y |  | 5.3% | 2.1% | 5.4% | [read]
Definition Measures the annual change in the value of new orders place for machine tools, which includes capital goods that are used in the production of many such products as motor vehicles and their parts, electrical products, aircrafts and their parts, and dyes and moulds.
| 10:00am | GER | Factory Orders m/m |  | 1.4% | 1.4% | -0.3% | [read]
Definition Measures the monthly change in the value of manufacturer's new orders for goods. A rising trend indicates a growing economy.
| 12:30pm | USA | Nonfarm Productivity q/q (f) |  | -0.5% | -0.1% | -0.6% | [read]
Definition Measures the quarterly growth in labor efficiency for producing goods and services outside the farming sector. A rising trend indicates future inflationary pressures as manufacturers raise prices in response to an at-capacity factory environment.
| 1:00pm | CAN | BOC Interest Rate Statement |  | 3.75% | 3.75% | 3.50% | [read]
Investica Analysis The Bnak of Canada statement following the decision will need to be watched closely. Definition The Bank of Canada (BOC) Interest Rate Statement is released shortly after a meeting in which the BOC, headed by David Dodge, makes a decision on where to set short-term interest rates (overnight rate). The BOC focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 7:00pm | USA | Consumer Credit m/m |  | 3.9B | 5.0B | 3.3B | [read]
Definition Consumer Credit measures the monthly growth in outstanding consumer installment credit. It gives insight into the state of consumer finances and can act as a leading indicator of consumer spending.
| 9:30pm | AUS | RBA Interest Rate Statement |  | 5.5% | 5.5% | 5.5% | [read]
Investica Analysis An unchanged policy is likely. Definition The Reserve Bank of Australia (RBA) Interest Rate Statement is released shortly after a meeting in which the RBA makes a decision on where to set short-term interest rates (interest rate on overnight loans in the money market). The RBA focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 10:30pm | USA | Chicago Fed President Moskow Speaks |  |  |  |  | [read]
Definition Chicago Federal Reserve President Michael Moskow will speak at the University of Chicago Business School.
| 10:50pm | JPN | M2+CD Money Supply y/y |  | 1.7% | 2.0% | 1.9% | [read]
Definition Measures the annual change in Japan's outstanding currency. M2+CD is calculated as follows: M1 = currency in circulation + overnight deposits M2+CD = M1 + Quasi-Money (Time Deposits etc.) + CDs
| 11:00pm | UK | Nationwide Consumer Confidence Index |  | 94 | 95 | 98 | [read]
Definition The Nationwide Consumer Confidence Index (NCCI) 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.
Wed. 03/08 | 4:00am | JPN | Leading Economic Index |  | 85.0% | 85.0% | 81.8% | [read]
Definition Measures overall economic activity by combining ten indicators including factory workweek, new orders for consumer goods, new orders for nondefense capital goods, stock prices, initial jobless claims, vendor performance, building permits, money supply and consumer expectations.
| 4:00am | JPN | Coincident Index |  | 100% | 100% | 90.9% | [read]
Definition Measures the current state of the economy. A rising Coincident Index signals an expansion phase while a falling reading is a sign of a contraction phase.
| 12:15pm | CAN | Housing Starts |  | 241K | 235K | 248K | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous month.
| 1:30pm | USA | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Federal Reserve President William Poole will speak to the Economic Development Group in St. Louis, Missouri.
| 2:30pm | USA | EIA Crude Oil Inventories |  | 6.8M | 1.7M | 1.6M | [read]
Definition The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
| 4:00pm | USA | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Definition Federal Reserve Chairman Ben Bernanke will address general session of the Independent Community Bankers of America, in Las Vegas, Nevada.
| 4:00pm | E-12 | ECB Council Member Mersch Speaks |  |  |  |  | [read]
Definition Eurpean Central Bank Governing Council member Yves Mersch will speak in Luxembourg.
| 11:30pm | AUS | Employment Change |  | 25.9K | 9.8K | 1.8K | [read]
Definition Measures the number of new jobs created in the previous month. Employment growth will generally strengthen a country's currency, as it is one of the most important indicators of economy health.
| 11:30pm | AUS | Unemployment Rate |  | 5.2% | 5.4% | 5.3% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
Thu. 03/09 | 4:00am | JPN | BOJ Interest Rate Statement |  | 0.0% | 0.0% | 0.0% | [read]
Investica Analysis Some form of policy change is likely. Merlin Says There is a chance that the BOJ raises rates during this meeting. This would end a five year zero-interest-rate policy and would have a huge impact on the currency markets. Most analysts, however, expect the policy shift to come in April. The time listed for this event is tentative so watch for changes. Definition The Bank of Japan (BOJ) Interest Rate Statement is released shortly after a meeting in which the BOJ Monetary Policy Committee, headed by Toshihiko Fukui, makes a decision on where to set short-term interest rates. The BOJ focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 5:00am | JPN | BOJ Monetary Policy Report |  |  |  |  | [read]
Definition The Bank of Japan (BOJ) monthly Monetary Policy Report covers recent economic and financial developments that may effect the Bank's open market operations.
| 8:30am | UK | Industrial Production m/m |  | 0.4% | 0.2% | 0.2% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 8:30am | UK | Manufacturing Production m/m |  | 0.2% | 0.3% | 0.3% | [read]
Definition Manufacturing Production, like Industrial Production, measures the total output of factories, mines, and utilities. The difference is that it only measures the 13 sub-sectors of Industrial Production that relate directly to manufacturing. Manufacturing industries make up about 80% of total Industrial Production.
| 8:30am | UK | Trade Balance |  | -5.7B | -5.8B | -6.1B | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 10:00am | GER | Industrial Production m/m |  | -0.1% | 0.9% | 0.7% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 11:00am | UK | BOE Interest Rate Statement |  | 4.5% | 4.5% | 4.5% | [read]
Investica Analysis No change in interest rates is likely. Definition The Bank of England (BOE) Monetary Policy Committee Interest Rate Decision is released shortly after a meeting in which the BOE makes a decision on where to set the short-term interest rate (base rate). The BOC focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 12:00pm | CAN | New House Price Index m/m |  | 0.9% | 0.5% | 0.6% | [read]
Definition 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.
| 12:30pm | CAN | Trade Balance |  | 6.3B | 7.5B | 7.7B | [read]
Investica Analysis A firm figure is likely. Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 12:30pm | USA | Trade Balance |  | -68.5 | -66.5B | -65.7B | [read]
Investica Analysis Volatile imports could result in an erratic trade figure. Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 12:30pm | USA | Unemployment Claims |  | 303K | 295K | 294K | [read]
Investica Analysis A low figure would boost confidence in the payroll report. Definition Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.
| 1:30pm | USA | Fed Governor Kohn Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Donald Kohn will speak at the new Detroit Federal Reserve Branch.
| 5:00pm | USA | New York Fed Pres. Geithner Speaks |  |  |  |  | [read]
Definition New York Federal Reserve Bank President Timothy Geithner will speak about the U.S. economy, at the Japan Society in New York.
| 10:50pm | JPN | Corporate Goods Price Index m/m |  | 0.4% | 0.2% | 0.2% | [read]
Definition The Corporate Goods Price Index (CGPI) measures the rate of inflation experienced by corporations. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by corporations.
Fri. 03/10 | 4:00am | JPN | Household Spending y/y |  | -3.5% | -2.7% | 0.8% | [read]
Definition Measures the annual change in the level of expenditure per household. Higher readings are a positive sign for the economy, as consumer spending accounts for half of Japan's GDP.
| 4:00am | JPN | Machine Orders m/m |  | -6.2% | -4.8% | 6.8% | [read]
Definition Measures the monthly change in value of new orders placed with machine manufacturers.
| 6:00am | GER | Trade Balance |  | 12.5B | 12.5B | 9.2B | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 6:00am | GER | Consumer Price Index m/m (f) |  | 0.4% | 0.4% | 0.4% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 9:00am | E-12 | Current Account |  | -15.1 |  | -3.8B | [read]
Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
| 11:00am | CAN | Unemployment Rate |  | 6.4% | 6.6% | 6.6% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 11:00am | CAN | Employment Change |  | 25K | 25K | 26K | [read]
Definition Measures the number of new jobs created in the previous month. Employment growth will generally strengthen a country's currency, as it is one of the most important indicators of economy health.
| 12:30pm | USA | Nonfarm Employment Change |  | 243K | 220K | 193K | [read]
Investica Analysis Jobless claims data suggest a firm figure is likely. Definition Measures the number of new jobs created in the previous month. Employment growth will generally strengthen a country's currency, as it is one of the most important indicators of economy health.
| 12:30pm | USA | Unemployment Rate |  | 4.8% | 4.7% | 4.7% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 12:30pm | USA | Average Hourly Earnings m/m |  | 0.3% | 0.3% | 0.4% | [read]
Investica Analysis The Fed will be looking at the earnings data. Definition Measures the monthly change in the hourly rate paid to the jobholders indicated in nonfarm payrolls.
Sun. 03/12 | 10:50pm | JPN | Gross Domestic Product q/q (f) |  | 1.3% | 1.3% | 1.4% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 10:50pm | JPN | GDP Deflator q/q (f) |  | -1.6% | -1.6% | -1.6% | [read]
Definition The Gross Domestic Product (GDP) Deflator measures the implicit rate of inflation for all economic activity. The deflator is used to calculate the difference between nominal and real GDP, thereby acting as the economy's broadest measure of inflation.
| 10:50pm | JPN | Trade Balance |  | 0.72T | -0.20T | 1.06T | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
Mon. 03/13 | 4:00am | JPN | Consumer Confidence |  | 49.8 | 49.8 | 49.5 | [read]
Definition 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 and strengthens the country's currency.
| 8:30am | UK | Producer Price Index Input m/m |  | -0.2% | 0.3% | 1.8% | [read]
Definition The Producer Price Index (PPI) Input measures the rate of inflation experienced by manufacturers when buying goods and services. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by manufacturers.
| 8:30am | UK | Producer Price Index Output m/m |  | 0.3% | 0.2% | 0.4% | [read]
Definition The Producer Price Index (PPI) Output measures the rate of inflation experienced by manufacturers when selling goods and services. The reading represents the monthly change in the average price of a fixed basket of goods and services sold by manufacturers.
| 4:00pm | USA | San Fran Fed President Yellen Speaks |  |  |  |  | [read]
Definition San Francisco Federal Reserve Bank President Janet Yellen will speak about enhancing Fed credibility, in Crystal City, Virginia.
| 6:00pm | USA | Fed Governor Olson Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Mark Olson will speak on Banking in Washington DC.
Tue. 03/14 | 4:00am | JPN | BOJ Meeting Minutes |  |  |  |  | [read]
Merlin Says The minutes should give insight into the BOJ's plans for rate hikes. Definition The Bank of Japan (BOJ) Meeting Minutes are a verbatim record of the bank's meeting held about one month earlier.
| 9:00am | GER | ZEW Economic Sentiment |  | 63.4 | 71.4 | 69.8 | [read]
Investica Analysis A firm reading is likely, but big gains will be difficult. Definition Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment measures institutional investor sentiment. The monthly indicator reflects the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. For example, if 30% of participants expect the economic situation to improve within the next six months, 30% expect no change and 40% expect the economic situation to deteriorate, the ZEW Indicator of Economic Sentiment would take a value of -10. Thus, a positive number means that the share of optimists outweighs the share of pessimists.
| 12:30pm | USA | Current Account |  | -225B | -220B | -196B | [read]
Investica Analysis The income account will need to be watched closely. Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
| 12:30pm | USA | Retail Sales m/m |  | -1.3% | -0.9% | 2.3% | [read]
Investica Analysis There will be a payback from January strength. Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 12:30pm | USA | Retail Sales excl. Autos m/m |  | -0.4% | -0.5% | 2.2% | [read]
Definition This indicator is a derivative of Retail Sales that excludes the volatile Automobile Sales component.
| 2:00pm | USA | Business Inventories |  | 0.4% | 0.3% | 0.7% | [read]
Definition Measures the monthly change in the value of inventories held by manufacturers, wholesalers, and retailers. When compared to sales, the level of inventories can be a leading indicator of near term production activity.
Wed. 03/15 | 8:30am | UK | Claimant Count Change |  | 14.6K | 3K | -2K | [read]
Definition Measures the change in number of people claiming unemployment related benefits over the previous month. A rising trend indicates a deteriorating labor market, which can weight on the economy.
| 8:30am | UK | Average Earnings Index +Bonus q/y |  | 3.5% | 3.8% | 3.6% | [read]
Definition The Average Earnings Index (AEI) measures the average wage, including bonuses, paid to employees. The indicator reading represents the change in the current quarter when compared to the same quarter in the previous year.
| 8:30am | UK | ILO Unemployment Rate |  | 5.0% | 5.1% | 5.1% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 12:30pm | CAN | Manufacturing Shipments |  | -0.7% | 0.4% | 1.8% | [read]
Definition Measures the value of all filled manufacturing orders over the previous month. The reading is derived from the Monthly Survey of Manufacturing (MSM).
| 12:30pm | USA | Empire Manufacturing Index |  | 31.2 | 18.0 | 20.3 | [read]
Definition Measures the mood of manufacturers in New York State. The New York Fed conducts this monthly survey that asks roughly 175 manufacturing executives to rate their business on an assortment of indicators, concerning both the present situation and future expectations.
| 12:30pm | USA | Import Prices m/m |  | -0.5% | -0.5% | 1.3% | [read]
Definition Measures the monthly rate of inflation for imported goods.
| 12:30pm | USA | Export Prices m/m |  | 0.0% | -0.2% | 0.7% | [read]
Definition Measures the monthly rate of inflation for exported goods.
| 1:00pm | USA | TIC Report |  | 66.0B | 60.0B | 53.8B | [read]
Investica Analysis The monthly data will remain volatile and bond inflows will need to be watched closely. Definition The Treasury International Capital (TIC) Report measures foreign demand for US debt and assets. Strong demand tends to strengthen the dollar as foreigners convert their money in order to purchase US securities.
| 2:30pm | USA | EIA Crude Oil Inventories |  | 4.8M |  | 6.8M | [read]
Definition The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
| 11:30pm | USA | Atlanta Fed President Guynn Speaks |  |  |  |  | [read]
Definition Atlanta Federal Reserve Bank President Jack Guynn will speak on the economic outlook and the evolution of the global economy in Atlanta. Audience questions expected.
Thu. 03/16 | 1:00am | USA | San Fran Fed President Yellen Speaks |  |  |  |  | [read]
Definition San Francisco Federal Reserve President Janet Yellen will speak to Australian Business Economists.
| 8:30am | UK | Retail Sales m/m |  | 0.5% | 0.4% | -1.3% | [read]
Investica Analysis The weak unemployemnt report will increase the importance of retail sales. Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 9:00am | E-12 | Consumer Price Index m/m |  | 0.3% | 0.3% | -0.4% | [read]
Investica Analysis A high figure would reinforce ECB inflation concerns. Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 11:00am | CAN | Consumer Price Index m/m |  | -0.2% | 0.1% | 0.5% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 11:00am | CAN | CPI excl. Volatile Items m/m |  | 0.3% | 0.3% | 0.0% | [read]
Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the eight most volatile items.
| 12:30pm | USA | Consumer Price Index m/m |  | 0.1% | 0.1% | 0.7% | [read]
Investica Analysis The headline increase should be low after last month's jump. Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 12:30pm | USA | CPI excl. Food and Energy m/m |  | 0.1% | 0.2% | 0.2% | [read]
Investica Analysis A figure outside a 0.1 - 0.3% range would have a big impact. Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile food and energy items.
| 12:30pm | USA | Housing Starts |  | 2.1M | 2.0M | 2.3M | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous month.
| 12:30pm | USA | Unemployment Claims |  | 309K | 298K | 303K | [read]
Definition Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.
| 1:00pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition European Central Bank President Jean-Claude Trichet will speak at the ECB colloquium in honour of Otmar Issing entitled “Monetary Policy: a journey from theory to practice” held in Frankfurt. Audience questions expected.
| 2:00pm | USA | Fed Governor Kohn Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Donald Kohn will speak on monetary policy and asset prices at a colloquium honoring ECB's Otmar Issing, in Frankfurt, Germany. Audience questions expected.
| 4:00pm | USA | Philadelphia Fed Index |  | 12.3 | 14.0 | 15.4 | [read]
Investica Analysis The price component will be watched closely. Definition Measures the mood of manufacturers in the Philadelphia Federal Reserve District. The Philadelphia Fed conducts a monthly survey that asks respondents to rate their business on an assortment of indicators, concerning both the present situation and future expectations. The survey results are converted into a general index of business and manufacturing conditions within the Philadelphia Federal Reserve district.
Fri. 03/17 | 9:00am | E-12 | Industrial Production m/m |  | 0.0% | 0.4% | 0.1% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 12:30pm | CAN | Wholesale Sales m/m |  | 1.8% | 0.3% | 0.4% | [read]
Definition Measures the monthly change in total value of sales at the wholesale level.
| 1:15pm | USA | Industrial Production m/m |  | 0.7% | 0.9% | -0.2% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 1:15pm | USA | Capacity Utilization Rate |  | 81.2% | 81.5% | 80.9% | [read]
Investica Analysis Capacity use rates will be important for the Fed. Definition Measures the percentage of available resources being utilized among factories, mines and utilities. A rising rate signals that resources are being utilized to their fullest capacity, which is a leading indicator of inflationary pressures.
| 1:45pm | USA | Consumer Sentiment (p) |  | 86.7 | 88.0 | 86.7 | [read]
Definition Measures consumer attitudes concerning both the present situation and future expectations. It's derived from a monthly 500-person survey conducted by the University of Michigan. Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for a third of the economy.
| 4:00pm | E-12 | ECB González-Páramo Speaks |  |  |  |  | [read]
Definition European Central Bank Board Member José Manuel González-Páramo will speak at the University Pablo de Olavide in Sevilla, Spain.
Mon. 03/20 | 6:00am | GER | Producer Price Index m/m |  | 0.7% | 0.1% | 1.2% | [read]
Definition The Producer Price Index (PPI) measures the rate of inflation experienced by manufacturers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by manufacturers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 12:30pm | CAN | International Securities Transactions |  | 3.0B | 3.2B | 4.2B | [read]
Definition Measures foreign demand for Canadian debt and assets. Strong demand tends to strengthen the Canadian dollar as foreigners convert their money in order to purchase Canadian securities.
| 2:00pm | USA | Leading Indicators |  | -0.2% | 0.6% | 1.1% | [read]
Definition Measures overall economic activity by combining ten indicators including factory workweek, new orders for consumer goods, new orders for nondefense capital goods, stock prices, initial jobless claims, vendor performance, building permits, money supply, consumer expectations and the spread between the 10-year note and the federal funds rate. Many of the components were previously reported which minimizes the indicator's market impact. The Conference Board publishes this indicator monthly.
| 3:00pm | USA | Boston Fed President Minehan Speaks |  |  |  |  | [read]
Definition Boston Federal Reserve Bank President Cathy Minehan will speak at the Massachusetts Association of Realtors, in Boston.
| 4:00pm | USA | San Fran Fed President Yellen Speaks |  |  |  |  | [read]
Definition San Francisco Federal Reserve Bank President Janet Yellen will speak at the Community Reinvestment Conference, in Las Vegas, Nevada.
| 11:00pm | USA | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Investica Analysis Bernanke will be reluctant to make major comments. Definition Federal Reserve Chairman Ben Bernanke will speak at the Economic Club of New York luncheon.
Tue. 03/21 | 8:30am | UK | Consumer Price Index m/m |  | 0.3% | 0.3% | -0.5% | [read]
Investica Analysis A low figure would reinforce speculation over a cut in interest rates. Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 8:30am | UK | Retail Price Index m/m |  | 0.4% | 0.4% | -0.4% | [read]
Definition The Retail Price Index (RPI) measures the rate of inflation experienced by retailers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by retailers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 12:30pm | USA | Producer Price Index m/m |  | -1.4% | 0.3% | 0.3% | [read]
Investica Analysis Energy prices will continue to cause headline volatility. Definition The Producer Price Index (PPI) measures the rate of inflation experienced by manufacturers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by manufacturers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 12:30pm | USA | PPI excl. Food and Energy m/m |  | 0.3% | 0.2% | 0.4% | [read]
Investica Analysis A low figure would further curb US interest rate expectations. Definition Derivative of the Producer Price Index (PPI) that excludes the volatile Food and Energy items.
| 12:30pm | CAN | Retail Sales m/m |  | 1.4% | 1.0% | 0.3% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 12:30pm | CAN | Retail Sales excl. Autos m/m |  | 1.4% | 1.1% | 0.4% | [read]
Definition Derivative of Retail Sales that excludes the volatile Automobile Sales component.
| 12:30pm | CAN | Leading Indicators m/m |  | 0.2% | 0.5% | 0.3% | [read]
Definition Measures overall economic activity by combining ten indicators that lead cyclical activity in the economy and together represent all major categories of Gross Domestic Product (GDP).
Wed. 03/22 | 8:30am | UK | BOE Meeting Minutes |  |  |  |  | [read]
Investica Analysis Sterling will be damged if more than one member voted for a cut. Definition The Bank of England (BOE) Meeting Minutes are a verbatim record of the bank's meeting held about two weeks earlier. The minutes give traders insight into the latest interest rate decision and policy shifts.
| 9:00am | E-12 | Trade Balance |  | -10.8 | -1.3B | -0.9B | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 9:00am | E-12 | Industrial New Orders m/m |  | -5.9% | 0.9% | 2.5% | [read]
Definition Measures the monthly change in value of future deliveries to be provided by a producer to a third party. This leading indicator points to how busy producers will be in following months as they work to fill the orders.
| 2:30pm | USA | EIA Crude Oil Inventories |  | -1.3M |  | 4.8M | [read]
Definition The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
| 10:50pm | JPN | Trade Balance |  | 0.96T | 0.99T | -0.35T | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
Thu. 03/23 | 8:00am | E-12 | Current Account |  | -3.3B | -4.8B | -4.4B | [read]
Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
| 10:00am | UK | CBI Industrial Trends Indicator |  | -16% | -14% | -18% | [read]
Definition The Confederation of British Industry (CBI) Industrial Trends Indicator measures the level of optimism within manufacturing firms. It's derived from a monthly survey conducted by CBI where the balance of responses from firms saying they are 'more' or 'less' optimistic about the future than in the previous month. The indicator reading tends to correlate with annual GDP growth.
| 12:30pm | USA | Unemployment Claims |  | 302K | 298K | 309K | [read]
Definition Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.
| 2:00pm | USA | Existing Home Sales |  | 6.91M | 6.75M | 6.56M | [read]
Investica Analysis Markets will remain sensitive to housing-sector developments. Definition Measures the number of previously constructed homes that were sold last month. Existing Home Sales make up a larger portion of the housing market than New Home Sales, and therefore are an important indicator of trends in the housing market. This indicator is published monthly by the National Association of Realtors.
| 6:30pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition European Central Bank President Jean-Claude Trichet will speak at the Grandes Conférences Catholiques in Brussels, Belgium.
| 10:50pm | JPN | Tertiary Industry Index m/m |  | 2.2% | 1.3% | 0.2% | [read]
Investica Analysis The index should show sustainable Japanese growth. Definition Measures the monthly change in production activity in Japan's service industries. Traders watch this indicator closely, as a rising trend generally leads to higher overall economic growth.
| 10:50pm | JPN | All Industries Index m/m |  | 1.4% | 1.0% | 0.4% | [read]
Definition Adds data from the primary sector (including fishing, farming, forestry, mining, and manufacturing) to the Tertiary Industry Index.
Fri. 03/24 | 12:30pm | USA | Durable Goods Orders |  | 2.6% | 1.2% | -9.9% | [read]
Investica Analysis Monthly volatility remains a big threat on the report. Definition Measures the monthly increase in new purchase orders placed with domestic manufacturers for hard goods. The reading points to how busy manufacturers will be in the months to come as they work to fill the orders.
| 2:00pm | USA | New Home Sales |  | 1.08M | 1.28M | 1.23M | [read]
Definition Measures the number of newly constructed homes sold in the previous month.
Mon. 03/27 | 7:00pm | USA | FOMC Meeting Begins |  |  |  |  | [read]
Definition The Federal Open Market Committee (FOMC), headed by Ben Bernanke, begins a two day meeting, held eight times per year, where they will make a decision on where to set the federal funds target rate.
Tue. 03/28 | 8:00am | GER | Ifo Business Climate Index |  | 105.4 | 102.2 | 103.4 | [read]
Investica Analysis A monthly increase in the index would support the Euro. Definition The Information and Forschung (Ifo) Business Climate Index measures the mood of firms in manufacturing, construction, wholesale and retail. The index is derived from a monthly survey of over 7,000 firms where respondents are asked to give their assessments of the current business situation and their expectations for the next six months. The indicator reading is a transformed mean of the balances of the business situations and the expectations, and can fluctuate between extreme values of -100 (i.e., all responding firms appraise their situation as poor or expect business to become worse) and +100 (i.e., all responding firms assessed their situation as good or expect an improvement in their business).
| 8:00am | GER | Ifo Business Expectations Index |  | 105.7 | 104.0 | 104.9 | [read]
Definition The Information and Forschung (Ifo) Business Expectations Index measures the mood of firms in regard to future expectations for the economy.
| 2:00pm | USA | Consumer Confidence |  | 107.2 | 102.0 | 101.7 | [read]
Definition 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 and strengthens the country's currency.
| 6:15pm | USA | FOMC Interest Rate Statement |  | 4.75% | 4.75% | 4.50% | [read]
Investica Analysis A 0.25% increase is likely. The Fed statement will be crucial. Merlin Says This is Bernanke's first meeting as Chairman, the market volatility should be sky high both before and after the statement. Definition The Federal Open Market Committee (FOMC) Interest Rate Statement is released shortly after a meeting in which the FOMC, headed by Ben Bernanke, makes a decision on where to set the federal funds target rate. The statement is released eight times per year and contains the latest rate decision, along with commentary on the state of the economy and how the FOMC intends to shift monetary policy in the future. The FOMC focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.
| 10:50pm | JPN | Large Retailers' Sales y/y |  | -1.9% | -0.2% | -2.8% | [read]
Definition Measures the annual change in sales activity of Japan's largest retailers.
| 10:50pm | JPN | Retail Sales y/y |  | 1.0% | 0.7% | -0.4% | [read]
Definition Measures the annual change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
Wed. 03/29 | 7:30am | UK | Gross Domestic Product q/q (f) |  | 0.6% | 0.6% | 0.5% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 7:30am | UK | Current Account |  | -11.0 | -6.4B | -10.2B | [read]
Investica Analysis A deficit above GBP10bn would unsettle Sterling. Definition Measures the difference in value between total imports and total exports of goods, services, income, and current transfers. It's essentially a statement of the country's trade with other nations over a period of time.
| 9:00am | UK | CBI Distributive Trades Survey |  | -16 | -12 | -18 | [read]
Definition The Confederation of British Industry (CBI) Distributive Trades Survey measures short-term trends in the UK retail and wholesale distribution sectors. The survey reading is a respected barometer of trade as it tracks optimism, employment, prices, investment and stocks.
| 12:45pm | USA | New York Fed Pres. Geithner Speaks |  |  |  |  | [read]
Definition New York Federal Reserve President Timothy Geithner will speak at the New York Fed Conference.
| 1:00pm | USA | Treasury Secretary Adams Testifies |  |  |  |  | [read]
Definition Treasury Under Secretary for International Affairs Timothy Adams will testify before the Senate Finance Committee, on economic relations with China.
| 2:30pm | USA | EIA Crude Oil Inventories |  | 2.1M |  | -1.3M | [read]
Definition The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
| 10:50pm | JPN | Industrial Production m/m |  | -1.7% | -0.1% | 0.4% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
Thu. 03/30 | 7:55am | GER | Unemployment Rate |  | 11.4% | 11.3% | 11.3% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 12:30pm | USA | Gross Domestic Product q/q (f) |  | 1.7% | 1.7% | 1.6% | [read]
Investica Analysis Principal interest will surround the inflation data. Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 12:30pm | USA | Unemployment Claims |  | 302K | 305K | 302K | [read]
Definition Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A rising trend indicates a deteriorating labor market, which can weigh on the economy.
| 12:30pm | CAN | Industrial Product Price Index m/m |  | -0.4% | -0.4% | 0.5% | [read]
Definition The Industrial Product Price Index (IPPI) measures the prices that manufacturers are paid as goods leave the plant gate. Unlike the CPI, the IPPI excludes indirect taxes and all the costs that occur between the time a good leaves the plant and the time the final user takes possession of it, including the transportation, wholesale, and retail costs.
| 4:30pm | USA | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Federal Reserve President William Poole will speak in Dayton Ohio.
| 5:30pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition European Central Bank President Jean-Claude Trichet will speak at the 2006 Spring Membership Meeting organised by the Institute of International Finance in Zurich, Switzerland.
| 10:30pm | JPN | Unemployment Rate |  | 4.1% | 4.4% | 4.5% | [read]
Definition Measures the percentage of the total work force that is unemployed and actively seeking employment. Rising unemployment is a sign of a slowing economy.
| 10:30pm | JPN | Household Spending y/y |  | -1.5% | -2.4% | -3.0% | [read]
Definition Measures the annual change in the level of expenditure per household. Higher readings are a positive sign for the economy, as consumer spending accounts for half of Japan's GDP.
| 10:30pm | JPN | Consumer Price Index m/m |  | -0.3% | 0.1% | 0.4% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 10:30pm | JPN | CPI excl. Fresh Food m/m |  | -0.1% | 0.1% | 0.3% | [read]
Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile fresh food items.
| 10:30pm | JPN | Tokyo Consumer Price Index m/m |  | 0.2% | 0.1% | -0.1% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers living in Tokyo, the nation's most populated city. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency. Tokyo CPI tends to have a greater market impact than National CPI because it's the most recent reading on inflation. Tokyo is relatively small population to survey and therefore results are reported about a month before national results.
| 10:30pm | JPN | Tokyo CPI excl. Fresh Food m/m |  | 0.4% | 0.1% | 0.0% | [read]
Investica Analysis A strong figure would push the Bank of Japan towards an early interest rate increase. Definition This indicator is a derivative of the Tokyo Consumer Price Index (CPI) that excludes the volatile fresh food items. It tends to have a greater market impact because it's the most recent reading on inflation. Tokyo is relatively small population to survey and therefore results are reported about a month before national results.
| 11:30pm | AUS | Retail Sales m/m |  | 0.5% | 0.4% | 0.8% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
Fri. 03/31 | 4:00am | JPN | Housing Starts y/y |  | 13.7% | 3.8% | -2.2% | [read]
Definition Measures the annual change in the number of new single-family homes or buildings constructed.
| 6:00am | GER | Retail Sales m/m |  | -0.6% | -0.2% | 1.9% | [read]
Definition Measures the monthly change in total value of sales at the retail level. A rising trend indicates higher consumer spending, which is an important driver of the economy.
| 8:30am | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition European Central Bank President Jean-Claude Trichet will speak at the 15th European Regional Conference of the Board of Governors organised by the French friends of the Tel Aviv University in Paris, France.
| 9:00am | E-12 | Industrial Confidence |  | -1 | -2 | -2 | [read]
Definition Measures the mood of manufacturers 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 indicator readings point to higher manufacturer optimism. When manufacturers are optimistic they tend to purchase more goods and services, which stimulates the economy and strengthens the country's currency.
| 9:00am | E-12 | Consumer Confidence |  | -11 | -10 | -10 | [read]
Definition 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 and strengthens the country's currency.
| 9:00am | E-12 | Consumer Price Index y/y (p) |  | 2.2% | 2.2% | 2.3% | [read]
Investica Analysis A rate above 2.32% would maintain pressure for another ECB interest rate increase. Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the annual change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 9:30am | UK | GfK Consumer Confidence |  | -7 | -4 | -4 | [read]
Investica Analysis Sterling will be vulnerable if confidence deteriorates significantly. Definition 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 and strengthens the country's currency. GfK, a leading German market research company, publishes this indicator monthly.
| 12:30pm | USA | Kansas City Fed Pres. Hoeing Speaks |  |  |  |  | [read]
Definition Kansas City Federal Reserve President Thomas Hoeing will speak about 2006 outlook in Missouri.
| 12:30pm | USA | Personal Income |  | 0.3% | 0.4% | 0.7% | [read]
Definition Measures the monthly change in average personal income received from all sources.
| 12:30pm | USA | Personal Spending |  | 0.1% | 0.0% | 0.9% | [read]
Investica Analysis The inflation figures in the spending data will be important. Definition Measures the total value of consumer purchases of goods and services over the past month. Consumer spending makes up a third of GDP and therefore a rising trend generally strengthens a country's currency.
| 12:30pm | CAN | Gross Domestic Product q/q |  | 0.2% | 0.4% | 0.4% | [read]
Investica Analysis Firm data would rerinforce expectations of at least one more BOC rate increase. Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the quarterly change in value. GDP is the broadest measure of economic activity and the primary gauge of an economy's health. It therefore can have a significant impact on the value of a country's currency.
| 2:00pm | USA | Chicago PMI |  | 60.4 | 56.5 | 54.9 | [read]
Definition The National Association of Purchasing Managers (NAPM) Chicago Purchasing Manager's Index (PMI) measures the health of the Chicago business environment. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 2:00pm | USA | Factory Orders m/m |  | 0.2% | 1.4% | 1.6% | [read]
Definition Measures the monthly change in the value of manufacturer's new orders for goods. A rising trend indicates a growing economy. This report gives more in-depth information than the durable goods report released about two weeks earlier.
Sun. 04/02 | 11:50pm | JPN | Tankan Large Manufacturers Index |  | 20 | 23 | 21 | [read]
Definition Measures the condition of large manufacturers in Japan. The Bank of Japan (BOJ) releases this indicator four times per year to provide an accurate picture of business trends. The Tankan Survey, which asks respondents about issues such as business conditions, supply and demand conditions for products and inventories, prices, sales, corporate profits, fixed investments and production capacity, and employment conditions, is one of the country's most respected gauges of economic welfare.
| 11:50pm | JPN | Tankan Non-Manufacturers Index |  | 18 | 18 | 17 | [read]
Definition Measures the condition of large service-based firms in Japan. The Bank of Japan (BOJ) releases this indicator four times per year to provide an accurate picture of business trends in the services sector.
Mon. 04/03 | 1:30am | AUS | Trade Balance |  | -0.6B | -1.9B | -2.7B | [read]
Definition Measures the difference in value between total imports and total exports of goods. A positive reading means that more goods were exported than imported over the previous month. The Trade Balance has a sizable impact on GDP and at extremes can directly influence the country's currency value.
| 7:55am | GER | Manufacturing PMI |  | 58.1 | 56.2 | 55.8 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:00am | E-12 | Manufacturing PMI |  | 56.1 | 54.9 | 54.5 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 8:30am | UK | Manufacturing PMI |  | 50.8 | 51.9 | 51.7 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) measures the health of the manufacturing sector. It's derived from a monthly survey of purchasing managers where respondents indicate whether their organization's activity is higher than, the same as, or lower than the previous month for output, purchases, employment, inventories, orders, and prices. An index reading above 50 indicates sector expansion. PMI is believed to be a leading indicator because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance.
| 11:00am | USA | Fed Governor Kroszner Speaks |  |  |  |  | [read]
Merlin Says Krozner is the newest member of the Fed, he took office on March 1st. Definition Federal Reserve Govorner Randall S. Kroszner will speak at a European Conference in Frankfurt.
| 2:00pm | USA | Construction Spending m/m |  | 0.8% | 0.5% | 0.2% | [read]
Definition Measures the monthly change in value of new construction projects.
| 2:00pm | USA | ISM Manufacturing Index |  | 55.2 | 57.5 | 56.7 | [read]
Investica Analysis The price component will be important for interest rate expectations. Definition The Institute of Supply Management (ISM) Manufacturing Index measures growth in the manufacturing sector. To produce the index, the ISM surveys 400 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories. A reading above 50 indicates an expanding manufacturing sector.
| 8:00pm | USA | Domestic Vehicle Sales |  | 13.1M | 13.4M | 13.3M | [read]
Definition Measures the number of cars, light trucks, sport utility vehicles, and vans sold in the previous month. Motor vehicle sales are a good indicator of trends in consumer spending.
| 11:50pm | JPN | Monetary Base y/y |  | -1.0% | 2.0% | 1.9% | [read]
Definition Measures the annual change in Japan's outstanding currency in circulation, including banknotes, coins, and current account balances. It uncovers the level of additional currency being supplied by the Bank of Japan. An increasing monetary base generally results in higher inflation.
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