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August 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.
Sun. 07/30 | 11:50pm | JPN | Industrial Production m/m |  | 1.9% | 1.3% | -1.3% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
Mon. 07/31 | 5:00am | JPN | Housing Starts y/y |  | 4.7% | 6.5% | 6.7% | [read]
Definition Measures the annual change in the number of new single-family homes or buildings constructed.
| 6:00am | GER | Retail Sales m/m |  | 1.9% | 0.8% | -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.
| 8:30am | UK | Consumer Credit |  | 0.8B | 1.0B | 1.2B | [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.
| 9:00am | E-12 | Industrial Confidence |  | 4 | 2 | 3 | [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 |  | -9 | -10 | -9 | [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.
| 9:30am | UK | GfK Consumer Confidence |  | -4 | -4 | -4 | [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. GfK, a leading German market research company, publishes this indicator monthly.
| 12:00pm | USA | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Federal Reserve President William Poole will speak at a legislative conference, in Louisville, Kentucky.
| 12:30pm | CAN | Gross Domestic Product m/m |  | 0.0% | 0.2% | 0.1% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the monthly change in real 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, but most of the information has already been reported which can somewhat mute the market impact.
| 2:00pm | USA | Chicago PMI |  | 57.9 | 55.5 | 56.5 | [read]
Investica Analysis The prices component will be important. 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 | President Bush Speaks |  |  |  |  | [read]
Definition President George Bush will speak about the economy, in Miami, Florida.
| 3:45pm | USA | San Fran Fed President Yellen Speaks |  |  |  |  | [read]
Definition San Francisco Federal Reserve President Janet Yellen will speak about the economy, in San Francisco, California. Audience questions expected.
Tue. 08/01 | 1:30am | AUS | Building Permits m/m |  | 1.6% | 0.2% | 3.3% | [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.
| 5:00am | JPN | Vehicle Sales y/y |  | -9.1% | -4.0% | -6.5% | [read]
Definition Measures the annual change in the number of cars, light trucks, sport utility vehicles, and vans sold. Motor vehicle sales are a good indicator of trends in consumer spending.
| 6:00am | UK | Nationwide House Prices m/m |  | 0.8% | 0.4% | 0.3% | [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 | Manufacturing PMI |  | 58.9 | 59.0 | 59.5 | [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.
| 7:55am | GER | Employment Change |  | -84K | -20K | -49K | [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 timely and important indicators of economic health.
| 7:55am | GER | Unemployment Rate |  | 10.6% | 10.9% | 10.9% | [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.
| 8:00am | E-12 | Manufacturing PMI |  | 57.4 | 57.5 | 57.5 | [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 |  | 53.8 | 54.2 | 55.1 | [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.
| 9:00am | E-12 | Unemployment Rate |  | 7.8% | 7.9% | 7.9% | [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 | Personal Income |  | 0.6% | 0.6% | 0.4% | [read]
Definition Measures the monthly change in average personal income received from all sources.
| 12:30pm | USA | Personal Spending |  | 0.4% | 0.4% | 0.4% | [read]
Definition Measures the total value of consumer purchases of goods and services over the past month. Consumer spending makes up two thirds of GDP and therefore a rising trend generally strengthens a country's currency.
| 12:30pm | USA | PCE Deflator y/y |  | 3.5% | 3.3% | 3.3% | [read]
Investica Analysis The PCE deflator will be important for interest rate expectations. Definition Personal Consumption Expenditures (PCE) Deflator measures the rate of inflation experienced by consumers. Like CPI, it reflects the monthly price change in consumer goods and services. PCE differs from CPI in that it only measures goods and services targeted towards and consumed by individuals. PCE is one of the Federal Reserve's favorite inflation indicators and is watched closely by traders.
| 2:00pm | USA | Construction Spending m/m |  | 0.3% | 0.2% | -0.4% | [read]
Definition Measures the monthly change in value of new construction projects.
| 2:00pm | USA | ISM Manufacturing Index |  | 54.7 | 53.8 | 53.8 | [read]
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. This report is important because it is the first economic data to be released for the previous month.
| 8:00pm | USA | Domestic Vehicle Sales |  | 13.0M | 13.0M | 12.6M | [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.
| 11:30pm | AUS | RBA Interest Rate Statement |  | 6.00% | 6.00% | 5.75% | [read]
Investica Analysis There is an 80% chance of a rate increase. 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.
| 11:50pm | JPN | Monetary Base y/y |  | -17.8 | -17.0% | -16.2% | [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.
Wed. 08/02 | 1:30am | AUS | Retail Sales m/m |  | 1.0% | 0.5% | -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.
| 8:30am | UK | CIPS Construction PMI |  | 53.2 | 51.5 | 50.8 | [read]
Definition he Chartered Institute of Purchasing and Supply (CIPS) 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.
| 9:00am | E-12 | Producer Price Index m/m |  | 0.2% | 0.2% | 0.3% | [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.
| 2:30pm | USA | EIA Crude Oil Inventories |  | -1.8M |  | 0.0M | [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.
Thu. 08/03 | 7:55am | GER | Services PMI |  | 57.5 | 60.3 | 61.0 | [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.
| 8:00am | E-12 | Services PMI |  | 57.9 | 60.3 | 60.7 | [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 |  | 57.9 | 58.4 | 58.7 | [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.
| 9:00am | E-12 | Retail Sales m/m |  | 0.5% | 1.3% | -0.6% | [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.
| 11:00am | UK | BOE Interest Rate Statement |  | 4.75% | 4.50% | 4.50% | [read]
Investica Analysis There is a 20-30% chance of an interest rate increase. Definition The Bank of England (BOE) Monetary Policy Committee Interest Rate Decision is released shortly after a meeting in which the BOE, headed by Mervyn King, 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.
| 11:45am | E-12 | ECB Interest Rate Statement |  | 3.00% | 3.00% | 2.75% | [read]
Investica Analysis The statement will be important for Euro sentiment. 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 |  | 315K | 305K | 298K | [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]
Definition European Central Bank President Jean-Claude Trichet will speak at a press conference following the Governing Council meeting of the ECB in Frankfurt.
| 2:00pm | USA | Factory Orders m/m |  | 1.2% | 1.8% | 0.7% | [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 | USA | ISM Non-Manufacturing Index |  | 54.8 | 56.5 | 57.0 | [read]
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.
Fri. 08/04 | 10:00am | GER | Factory Orders m/m |  | -0.5% | 1.1% | -1.2% | [read]
Definition Measures the monthly change in the value of manufacturer's new orders for goods. A rising trend indicates a growing economy.
| 11:00am | CAN | Unemployment Rate |  | 6.4% | 6.1% | 6.1% | [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.
| 11:00am | CAN | Employment Change |  | -5.5K | 25K | -4.6K | [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 timely and important indicators of economic health.
| 12:30pm | USA | Nonfarm Employment Change |  | 113K | 150K | 121K | [read]
Investica Analysis A figure above 200K would jolt interest rate expectations. Definition Measures the number of new jobs created in the previous month,excluding the farming industry. Employment growth will generally strengthen a country's currency, as it is one of the most timely and important indicators of economic health.
| 12:30pm | USA | Unemployment Rate |  | 4.8% | 4.6% | 4.6% | [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.
| 12:30pm | USA | Average Hourly Earnings m/m |  | 0.4% | 0.3% | 0.5% | [read]
Investica Analysis Earnings data will be important for the Fed. Definition Measures the monthly change in the hourly rate paid to the jobholders indicated in nonfarm payrolls.
| 1:45pm | USA | Minneapolis Fed President Stern Speaks |  |  |  |  | [read]
Definition Minneapolis Federal Reserve President Gary Stern will speak about banking issues in Alexandria, Minneapolis.
| 2:00pm | CAN | Ivey PMI |  | 60.1 | 53.0 | 62.2 | [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.
Mon. 08/07 | 5:00am | JPN | Leading Economic Index |  | 50.0% | 50.0% | 77.3% | [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.
| 5:00am | JPN | Coincident Index |  | 88.9% | 89.0% | 80.0% | [read]
Definition Measures present relative economic activity. A rising Coincident Index signals an expansion phase while a falling reading is a sign of a contraction phase.
| 8:30am | UK | Industrial Production m/m |  | -0.1% | 0.2% | 0.3% | [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 |  | 0.1% | 0.3% | 0.5% | [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.
| 7:00pm | USA | Consumer Credit m/m |  | 10.3B | 4.0B | 4.4B | [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.
| 11:50pm | JPN | M2+CD Money Supply y/y |  | 0.5% | 1.3% | 1.2% | [read]
Definition Measures the annual change in currency outstanding. Higher levels of currency are viewed as deflationary and can have a devaluing effect on the currency . M2+CD is calculated as follows: M1 = currency in circulation + overnight deposits M2+CD = M1 + Quasi-Money (Time Deposits etc.) + CDs
Tue. 08/08 | 5:00am | JPN | Eco Watchers Survey |  | 48.4 | 52.0 | 49.1 | [read]
Definition Measures the mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. A reading above 50 signals an improvement in sentiment.
| 6:00am | JPN | Machinery Tool Orders y/y (p) |  | 1.5% | 5.0% | 11.0% | [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.
| 6:00am | GER | Trade Balance |  | 13.3B | 13.1B | 12.9B | [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.
| 6:00am | GER | Current Account |  | 10.1B | 8.0B | 3.9B | [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 | GER | Industrial Production m/m |  | 0.3% | 0.2% | 1.5% | [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 | Building Permits m/m |  | -1.4% | -2.0% | 6.9% | [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.
| 12:30pm | USA | Nonfarm Productivity 2Q |  | 1.1% | 0.9% | 3.7% | [read]
Definition Measures the annualized 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.
| 12:30pm | USA | Unit Labor Costs 2Q |  | 4.2% | 3.6% | 1.6% | [read]
Definition Measures the annualized quarterly growth in the labor cost of producing output. A rising trend indicates future inflationary pressures as the labor cost of producing goods rises.
| 6:15pm | USA | FOMC Interest Rate Statement |  | 5.25% | 5.25% | 5.25% | [read]
Investica Analysis The statement and decison will need to be watched very closely. A firm statement is likely. 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.
Wed. 08/09 | 8:30am | UK | Trade Balance |  | -6.5B | -6.4B | -7.0B | [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.
| 9:30am | UK | BOE Quarterly Inflation Report |  |  |  |  | [read]
Investica Analysis The revised inflation forecasts will be important for interest rate expectations. Definition The Bank of England (BOE) Quarterly Inflation Report sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years.
| 12:15pm | CAN | Housing Starts |  | 237K | 225K | 236K | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous month.
| 2:30pm | USA | EIA Crude Oil Inventories |  | -1.1M |  | -1.8M | [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.
| 11:50pm | JPN | Corporate Goods Price Index m/m |  | 0.7% | 0.4% | 0.0% | [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. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
| 11:50pm | JPN | Current Account |  | 1.02T | 1.18T | 1.61T | [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.
| 11:50pm | JPN | Trade Balance |  | 857B | 890B | 467B | [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. 08/10 | 1:30am | AUS | Employment Change |  | 51K | 11K | 52K | [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 timely and important indicators of economic health.
| 1:30am | AUS | Unemployment Rate |  | 4.8% | 4.9% | 4.9% | [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.
| 5:00am | JPN | Consumer Confidence |  | 48.6 | 49.0 | 47.3 | [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.
| 12:30pm | CAN | New House Price Index m/m |  | 1.4% | 0.9% | 1.3% | [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 |  | 4.8B | 4.3B | 4.1B | [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.
| 12:30pm | USA | Trade Balance |  | -64.8 | -64.5B | -63.8B | [read]
Investica Analysis The last four releases have been better than expected. 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 |  | 319K | 315K | 315K | [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.
| 11:50pm | JPN | Gross Domestic Product 2Q |  | 0.8% | 1.8% | 3.1% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The reading represents the annualized quarterly change in real 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, but most of the information has already been reported which can somewhat mute the market impact.
| 11:50pm | JPN | GDP Deflator q/y |  | -0.8% | -0.8% | -1.2% | [read]
Investica Analysis An easing of deflation would increase the potential for another rate hike. Definition The Gross Domestic Product (GDP) Deflator measures the implied rate of inflation for all economic activity. The deflator is used to calculate the difference between nominal and real GDP.
Fri. 08/11 | 1:30am | AUS | Trade Balance |  | -0.8B | -1.6B | -2.3B | [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.
| 3:00am | JPN | BOJ Interest Rate Statement |  | 0.25% | 0.25% | 0.25% | [read]
Merlin Says The time listed is tentative, the BOJ does not specify an exact time of the statement. It is usually around the listed time but can vary. 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.
| 4:30am | JPN | Industrial Production m/m (f) |  | 2.1% | 1.9% | 1.9% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 6:00am | 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 interest rate posture and open market operations.
| 6:00am | GER | Consumer Price Index m/m (f) |  | 0.4% | 0.5% | 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.
| 12:30pm | USA | Import Prices m/m |  | 0.9% | 0.8% | 0.1% | [read]
Definition Measures the monthly rate of inflation for imported goods.
| 12:30pm | USA | Retail Sales m/m |  | 1.4% | 0.8% | -0.1% | [read]
Investica Analysis Gasoline sales will push up the headline figure. 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 |  | 1.0% | 0.5% | 0.3% | [read]
Definition Derivative of Retail Sales that excludes the volatile Automobile Sales component.
| 2:00pm | USA | Business Inventories |  | 0.8% | 0.6% | 0.8% | [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.
Sun. 08/13 | 10:45pm | NZ | Retail Sales m/m |  | 0.1% | -0.3% | 1.5% | [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.
Mon. 08/14 | 6:00am | GER | GDP q/q |  | 0.9% | 0.8% | 0.4% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The indicator represents the annualized quarterly change in real value. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 8:30am | UK | Producer Price Index Input m/m |  | 1.1% | 1.0% | -0.2% | [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 |  | 0.2% | 0.3% | 0.1% | [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.
| 9:00am | E-12 | GDP q/q |  | 0.9% | 0.8% | 0.6% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The indicator represents the annualized quarterly change in real value. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 10:45pm | NZ | Producer Price Index Input q/q |  | 2.7% | 0.6% | 0.9% | [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 quarterly change in the average price of a fixed basket of goods and services purchased by manufacturers.
| 10:45pm | NZ | Producer Price Index Output q/q |  | 2.7% | 0.7% | 0.7% | [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 quarterly change in the average price of a fixed basket of goods and services sold by manufacturers.
| 11:50pm | JPN | Tertiary Industry Index m/m |  | -0.6% | 0.2% | 0.5% | [read]
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.
Tue. 08/15 | 8:30am | UK | Consumer Price Index m/m |  | -0.1% | 0.1% | 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.
| 8:30am | UK | CPI excl. Volatile Items m/m |  | -0.2% | 0.0% | 0.2% | [read]
Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile Food, Energy, Alcoholic and Tobacco items.
| 8:30am | UK | Retail Price Index m/m |  | 0.1% | 0.0% | 0.4% | [read]
Definition Like CPI, the RPI reflects the monthly price change in consumer goods and services. RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households.
| 12:30pm | CAN | New Motor Vehicle Sales |  | -0.6% | -0.2% | -1.0% | [read]
Definition Measures monthly sales of new motor vehicles by unit of sales and value, by type (passenger cars, commercial vehicles) and country of origin. Data is released for Canada and the ten provinces.
| 12:30pm | USA | Producer Price Index m/m |  | 0.1% | 0.4% | 0.5% | [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 | USA | PPI excl. Food and Energy m/m |  | -0.3% | 0.2% | 0.2% | [read]
Investica Analysis The Fed will be watching the passing on of energy price increases. Definition Derivative of the Producer Price Index (PPI) that excludes the volatile Food and Energy items.
| 12:30pm | USA | Empire Manufacturing Index |  | 10.3 | 14.0 | 15.6 | [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.
| 1:00pm | USA | TIC Report |  | 75.1B | 62.8B | 69.6B | [read]
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.
Wed. 08/16 | 1:30am | AUS | Wage Price Index q/q |  | 1.1% | 1.1% | 0.9% | [read]
Definition The Wage Price Index (WPI) measures the quarterly rate of inflation found in the hourly rate paid to workers.
| 5:00am | JPN | Leading Economic Index |  | 54.0% | 54.5% | 50.0% | [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.
| 5:00am | JPN | Coincident Index |  | 90.0% | 90.0% | 88.9% | [read]
Definition Measures present relative economic activity. A rising Coincident Index signals an expansion phase while a falling reading is a sign of a contraction phase.
| 5:00am | JPN | BOJ Meeting Minutes |  |  |  |  | [read]
Definition The Bank of Japan (BOJ) Meeting Minutes are a verbatim record of the bank's meeting held about one month earlier. The minutes give traders insight into the latest interest rate decision and policy shifts.
| 8:30am | UK | BOE Meeting Minutes |  | 6-1 |  | 7-0 | [read]
Investica Analysis A narrow vote in favour would undermine Sterling. Merlin Says Traders are anxious to know what sparked the surprise rate hike earlier this month, and these minutes may tell the story. 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.
| 8:30am | UK | Claimant Count Change |  | 2.0K | 5.1K | 5.9K | [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 |  | 4.3% | 4.1% | 4.1% | [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 |  | 5.5% | 5.4% | 5.4% | [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.
| 12:30pm | USA | Consumer Price Index m/m |  | 0.4% | 0.4% | 0.2% | [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.
| 12:30pm | USA | CPI excl. Food and Energy m/m |  | 0.2% | 0.3% | 0.3% | [read]
Investica Analysis A 0.2% monthly increase would offer relief for the Fed. 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 |  | 1.8M | 1.8M | 1.9M | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous month.
| 12:30pm | USA | Building Permits m/m |  | 1.8M | 1.8M | 1.9M | [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.
| 1:15pm | USA | Industrial Production m/m |  | 0.4% | 0.6% | 0.8% | [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 |  | 82.4% | 82.7% | 82.4% | [read]
Investica Analysis The Fed will be watched capacity rates closely. 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.
| 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.
| 5:30pm | USA | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve President Richard Fisher will speak to a real estate group, in Dallas Texas. Audience quesitons expected.
Thu. 08/17 | 1:30am | AUS | RBA Bulletin |  |  |  |  | [read]
Definition The Reserve Bank of Australia (RBA) Bulletin is a monthly publication that contains economic commentary, feature articles, speeches and a set of statistical tables.
| 1:30am | AUS | Average Weekly Earnings q/q |  | 0.6% | 1.0% | 0.9% | [read]
Definition Measures the change in average weekly earnings for all wage and salary earners over the last quarter.
| 8:30am | UK | Retail Sales m/m |  | -0.3% | 0.2% | 0.9% | [read]
Investica Analysis Annual growth should be firm. 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 |  | -0.1% | 0.0% | 0.1% | [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 | CPI excl. Volatile Items m/m |  | -0.3% | 0.0% | 0.1% | [read]
Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile Food, Energy, Alcohol and Tobacco items.
| 9:00am | E-12 | Industrial Production m/m |  | -0.1% | 0.0% | 1.6% | [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 | International Securities Transactions |  | 0.3B | 3.0B | 5.7B | [read]
Definition Measures the value of domestic securities, debt and assets purchased by foreigners in the previous month. Strong demand tends to strengthen the Canadian dollar as foreigners convert their money in order to purchase Canadian securities.
| 12:30pm | USA | Unemployment Claims |  | 312K | 315K | 319K | [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 | Leading Indicators |  | -0.1% | 0.1% | 0.1% | [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.
| 4:00pm | USA | Philadelphia Fed Index |  | 18.5 | 8.0 | 6.0 | [read]
Investica Analysis A figure close to zero would hurt the dollar. 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.
| 5:30pm | USA | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve President Richard Fisher will speak at a luncheon, in Shreveport Louisiana. Audience questions expected.
Fri. 08/18 | 12:00am | AUS | RBA Governor Macfarlane Speaks |  |  |  |  | [read]
Definition Reserve Bank of Australia (RBA) Governor Macfarlane appears before the House of Representatives Standing Committee on Economics, Finance and Public Administration, in Sydney.
| 6:00am | GER | Producer Price Index m/m |  | 0.5% | 0.4% | 0.3% | [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.
| 8:30am | UK | Public Sector Net Borrowing |  | -6.2B | -0.9B | 7.3B | [read]
Definition Measures the amount by which public sector expenditure exceeds income for both current and capital transactions. The "public sector" is the part of the economy that includes central government, local government and public corporations.
| 12:30pm | CAN | Wholesale Sales m/m |  | -0.6% | 0.4% | 0.9% | [read]
Definition Measures the monthly change in total value of sales at the wholesale level.
| 1:45pm | USA | Consumer Sentiment (p) |  | 78.7 | 83.8 | 84.7 | [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.
Sun. 08/20 | 11:00pm | GBP | House Price Index m/m |  | -1.6% | 0.8% | 2.9% | [read]
Definition Measures the monthly change in the average asking price of residential properties. Rightmove, the UK's leading property website, publishes this indicator in the same month the data is collected, making it a leading indicator of inflation in the housing sector.
Mon. 08/21 | 9:00am | EUR | EU Trade Balance |  | 2.0B | -1.0B | -3.2B | [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.
| 12:30pm | CAD | Retail Sales m/m |  | -0.2% | 0.2% | -0.6% | [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.
| 11:10pm | AUS | RBA Assist. Governor Battellino Speaks |  |  |  |  | [read]
Definition Reserve Bank of Australia (RBA) Assistant Governor Ric Battellino will speak to the Retail Financial Services Forum, in Sydney.
| 11:50pm | JPY | All Industries Index m/m |  | 0.1% | 0.1% | -0.2% | [read]
Definition Adds data from the primary sector (including fishing, farming, forestry, mining, and manufacturing) to the Tertiary Industry Index.
Tue. 08/22 | 1:30am | AUD | New Vehicle Sales m/m |  | 2.6% | -2.2% | -1.7% | [read]
Definition Measures the number of new vehicles sold in the previous month. New vehicle sales are a good indicator of trends in consumer spending.
| 6:15am | CHF | Trade Balance |  | 1.4B | 1.0B | 0.94B | [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.
| 8:00am | EUR | EU Current Account |  | 4.0B | -4.5B | -8.2B | [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.
| 9:00am | EUR | German ZEW Economic Sentiment |  | -5.6 | 11.5 | 15.1 | [read]
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.
| 9:00am | EUR | EU ZEW Economic Sentiment |  | 1.3 | 15.0 | 18.1 | [read]
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.
| 9:00am | EUR | EU Industrial New Orders m/m |  | -2.5% | -0.5% | 2.3% | [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.
| 11:00am | CAD | Consumer Price Index m/m |  | 0.1% | -0.2% | -0.2% | [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 | CAD | CPI excl. Volatile Items m/m |  | -0.2% | -0.1% | -0.2% | [read]
Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the eight most volatile items.
| 5:00pm | USD | Atlanta Fed President Guynn Speaks |  |  |  |  | [read]
Definition Atlanta Federal Reserve President Jack Guynn will speak about the economy at the Kiwanis Club, in Atlanta Georgia. Audience questions expected.
| 5:00pm | USD | Chicago Fed President Moskow Speaks |  |  |  |  | [read]
Definition Chicago Federal Reserve President Michael Moskow will speak at an economics luncheon sponsored by the Illinois chamber of commerce.
| 11:50pm | JPY | Trade Balance |  | 860B | 940B | 807B | [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.
Wed. 08/23 | 6:00am | JPY | Machinery Tool Orders y/y (f) |  | 2.2% | 1.5% | 1.5% | [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 molds.
| 10:00am | GBP | CBI Industrial Trends Indicator |  | -8 | -11 | -11 | [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 | CAD | Leading Indicators m/m |  | 0.2% | 0.2% | 0.2% | [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).
| 2:00pm | USD | Existing Home Sales |  | 6.3M | 6.6M | 6.6M | [read]
Investica Analysis A further sharp drop would reinforce expectations of a slower US economy. Definition Measures the number of existing 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.
| 2:30pm | USD | EIA Crude Oil Inventories |  | -0.6M |  | -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.
| 10:45pm | NZD | Trade Balance |  | -745M | -455M | -214M | [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. 08/24 | 1:30am | AUD | House Price Index q/q |  | 3.1% | 1.2% | 1.0% | [read]
Definition Measures the quarterly change in the average price of residential properties.
| 6:00am | EUR | German Import Prices m/m |  | 1.2% | 0.3% | -0.2% | [read]
Definition Measures the monthly rate of inflation for imported goods.
| 8:00am | EUR | German Ifo Business Climate Index |  | 105.0 | 105.0 | 105.6 | [read]
Investica Analysis This figure will be important following the weak ZEW data on Tuesday. 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 | EUR | German Ifo Business Expectations Index |  | 101.5 | 101.5 | 102.6 | [read]
Definition The Information and Forschung (Ifo) Business Expectations Index measures the mood of firms in regard to future expectations for the economy.
| 12:30pm | USD | Durable Goods Orders m/m |  | -2.4% | -0.2% | 2.9% | [read]
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.
| 12:30pm | USD | Unemployment Claims |  | 313K | 315K | 312K | [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 | USD | New Home Sales |  | -4.3% | -2.8% | -3.0% | [read]
Definition Measures the monthly change in the number of newly constructed homes sold in the previous month.
| 11:30pm | JPY | Consumer Price Index m/m |  | -0.3% | -0.1% | 0.0% | [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.
| 11:30pm | JPY | Tokyo Consumer Price Index m/m |  | 0.7% | 0.4% | 0.0% | [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.
| 11:30pm | JPY | Tokyo CPI excl. Fresh Food m/m |  | 0.2% | 0.1% | 0.1% | [read]
Investica Analysis Only a very strong figure would convince the BOJ to tighten in September. 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.
Fri. 08/25 | 8:00am | EUR | German Consumer Price Index m/m (p) |  | -0.1% | 0.0% | 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.
| 8:30am | GBP | GDP q/q (f) |  | 0.8% | 0.8% | 0.7% | [read]
Definition Gross Domestic Product (GDP) measures the value of all goods and services produced by the economy. The indicator represents the annualized quarterly change in real value. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 2:00pm | USD | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Investica Analysis Optimism over inflation trends would undermine the dollar. Definition Federal Reserve Chairman Ben Bernanke will speak about the economy at the annual Economic Symposium, in Jackson Hole Wyoming.
Mon. 08/28 | 8:00am | EUR | M3 Money Supply y/y |  | 7.8% | 8.5% | 8.5% | [read]
Definition Measures the annual change in currency outstanding. Higher levels of currency are viewed as deflationary and can have a devaluing effect on the currency . M3 Money Supply is calculated as follows: 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
| 11:30pm | JPY | Unemployment Rate |  | 4.1% | 4.2% | 4.2% | [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.
| 11:30pm | JPY | Household Spending y/y |  | -1.3% | -0.9% | -2.2% | [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.
Tue. 08/29 | 12:00am | AUD | Leading Indicators m/m |  | 0.4% | 0.0% | -0.1% | [read]
Definition Measures overall economic activity by combining eight indicators including money supply, building approvals, rural goods exports, sales to inventory ratios, gross operating surplus, and two bond yield calculations. The Conference Board publishes this indicator monthly.
| 6:10am | EUR | German Consumer Confidence |  | 8.6% | 8.6% | 8.6% | [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. GfK, a leading German market research company, publishes this indicator monthly.
| 7:00am | CHF | Consumption Indicator |  | 1.88 |  | 2.11 | [read]
Definition Measures private consumption trends by considering new car sales, business conditions in the retail sector, the number of overnight hotel stays, the consumer sentiment index, and certain credit card transactions. UBS publishes this indicator monthly, leading official statistics by up to three months.
| 1:00pm | NZD | Business Confidence |  | -33.9 | -28.0 | -31.1 | [read]
Definition Measures the mood of businesses in regard to economic expectations. It's derived from a monthly survey of 1,500 businesses conducted by the National Bank of New Zealand (NBNZ).
| 2:00pm | USD | Consumer Confidence |  | 99.6 | 103.0 | 106.5 | [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.
| 5:00pm | USD | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve President Richard Fisher will speak at a community luncheon in San Antonio, Texas. Audience questions expected.
| 6:00pm | USD | FOMC Meeting Minutes |  |  |  |  | [read]
Investica Analysis The Fed minutes should be firm, but markets will be forward looking on data. Definition The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier. The minutes give traders insight into the latest interest rate decision and policy shifts.
| 10:45pm | NZD | Building Permits m/m |  | 15% |  | -14% | [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.
| 11:50pm | JPY | Large Retailers' Sales y/y |  | -1.7% | -1.4% | -1.2% | [read]
Definition Measures the annual change in sales value and volume of Japan's largest retailers.
| 11:50pm | JPY | Retail Sales y/y |  | -0.2% | 0.2% | 0.2% | [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.
Wed. 08/30 | 1:30am | AUD | Retail Sales m/m |  | 0.6% | 0.6% | 1.0% | [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.
| 1:30am | AUD | Construction Work Done q/q |  | 3.6% | 1.2% | 0.2% | [read]
Definition Measures the quarterly change in building and engineering construction work done. The reading is derived from the quarterly Building Activity Survey.
| 3:00am | NZD | M3 Money Supply y/y |  | 12.4% |  | 10.3% | [read]
Definition Measures the annual change in currency outstanding. Higher levels of currency are viewed as deflationary and can have a devaluing effect on the currency.
| 8:30am | GBP | Consumer Credit m/m |  | 1.1B | 1.0B | 0.8B | [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.
| 9:30am | CHF | Leading Indicators |  | 2.42 | 2.64 | 2.61 | [read]
Definition Measures overall economic activity through a qualitative business survey about developments in the recent past, the current situation and expectations for the next three to six months. Survey questions relate to production, orders and stocks of finished goods. The Swiss Institute for Business Cycle Research (KOF) publishes this indicator monthly.
| 10:00am | GBP | CBI Distributive Trades Survey |  | 12 | 12 | 11 | [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.
| 12:15pm | USD | ADP Nonfarm Employment Change |  | 107K | 120K | 99K | [read]
Definition Estimates the number of new jobs created in the previous month. ADP, a leading provider of employment solutions for businesses, releases this indicator two days before the highly anticipated official Nonfarm Employment Change. ADP claims that this indicator has predictive value in regard to official statistics.
| 12:30pm | CAD | Current Account 2Q |  | 4.2B | 7.0B | 10.7B | [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.
| 12:30pm | CAD | Raw Materials Price Index m/m |  | 5.2% | 1.9% | -2.5% | [read]
Definition The Raw Materials Price Index (RMPI) measures price changes for raw materials purchased by industries in Canada for further processing.
| 12:30pm | CAD | Industrial Product Price Index m/m |  | 1.7% | 0.5% | -0.4% | [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 | USD | GDP Annualized q/q (f) |  | 2.9% | 3.0% | 2.5% | [read]
Investica Analysis Housing weakness will limit the upward revision. Definition Gross Domestic Product (GDP) measures the annualized quarterly change in the value of all goods and services produced by the economy. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 12:30pm | USD | GDP Deflator Annualized q/q (f) |  | 3.3% | 3.3% | 3.3% | [read]
Investica Analysis The Fed will be watching core inflation closely. Definition The Gross Domestic Product (GDP) Deflator measures the annualized quarterly implied rate of inflation for all economic activity. The deflator is used to calculate the difference between nominal and real GDP. The Federal Reserve takes special note of this indicator because it is the economy's broadest measure of inflation.
| 1:00pm | USD | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve President Richard Fisher will speak at the North Dallas Chamber of Commerce in Dallas, Texas. Audience questions expected.
| 2:30pm | USD | EIA Crude Oil Inventories |  | 2.4M |  | -0.6M | [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.
| 11:30pm | JPY | Manufacturing PMI |  | 54.6 | 52.5 | 55.7 | [read]
Definition The Manufacturing Purchasing Manager's Index (PMI) is a measure of purchasing manager sentiment throughout Japan. The report is released monthly by NTC Research on behalf of Nomura. The PMI has earned a reputation for accurately reflecting the true health of the Japanese manufacturing economy well ahead of official data. A rise in PMI indicates that business conditions in the manufacturing sector have improved.
| 11:50pm | JPY | Industrial Production m/m |  | -0.9% | 0.7% | 2.1% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
Thu. 08/31 | 5:00am | JPY | Housing Starts y/y |  | -7.5% | 0.1% | 4.7% | [read]
Definition Measures the annual change in the number of new single-family homes or buildings constructed.
| 6:00am | GBP | Nationwide House Prices m/m |  | 0.8% | 0.3% | 0.8% | [read]
Definition Measures the monthly change in the average price for a house in the UK. It serves as a leading inflation indicator for the housing market.
| 6:00am | EUR | German Retail Sales m/m |  | -1.5% | -0.4% | 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.
| 7:55am | EUR | German Unemployment Rate |  | 10.6% | 10.6% | 10.6% | [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.
| 8:00am | EUR | Consumer Price Index y/y (p) |  | 2.3% | 2.4% | 2.4% | [read]
Definition The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the annual estimated 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 | EUR | Industrial Confidence |  | 2 | 4 | 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 | EUR | Consumer Confidence |  | -8 | -8 | -8 | [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.
| 9:30am | GBP | Consumer Confidence |  | -8 | -5 | -4 | [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. GfK, a leading German market research company, publishes this indicator monthly.
| 11:45am | EUR | ECB Interest Rate Statement |  | 3.0% | 3.0% | 3.0% | [read]
Investica Analysis Rates should be unchanged 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 | EUR | ECB President Trichet Speaks |  |  |  |  | [read]
Investica Analysis The ECB 's stance will be important for near-term interest rate expectations. Definition European Central Bank President Jean-Claude Trichet will speak at a press conference following the Governing Council meeting of the ECB in Frankfurt.
| 12:30pm | CAD | GDP m/m |  | 0.0% | 0.2% | 0.1% | [read]
Definition Gross Domestic Product (GDP) measures the monthly change in the value of all goods and services produced by the economy. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 12:30pm | USD | Personal Income m/m |  | 0.5% | 0.5% | 0.6% | [read]
Definition Measures the monthly change in average personal income received from all sources.
| 12:30pm | USD | Personal Spending m/m |  | 0.8% | 0.2% | 0.4% | [read]
Definition Measures the total value of consumer purchases of goods and services over the past month. Consumer spending makes up two thirds of GDP and therefore a rising trend generally strengthens a country's currency.
| 12:30pm | USD | Unemployment Claims |  | 316K | 315K | 313K | [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 | USD | PCE Deflator y/y |  | 3.4% | 3.5% | 3.5% | [read]
Definition Personal Consumption Expenditures (PCE) Deflator measures the rate of inflation experienced by consumers. Like CPI, it reflects price change in consumer goods and services. PCE differs from CPI in that it only measures goods and services targeted towards and consumed by individuals. PCE is one of the Federal Reserve's favorite inflation indicators and is watched closely by traders.
| 2:00pm | USD | Chicago PMI |  | 57.1 | 56.1 | 57.9 | [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 | USD | Factory Orders m/m |  | -0.6% | -1.0% | 1.2% | [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.
| 4:30pm | USD | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Investica Analysis Interest rate comments are likely to be limited at this stage. Definition Federal Reserve Chairman Ben Bernanke will speak about productivity at the Clemson Institute for Economic and Community Development, in Greenville, South Carolina. No audience questions expected.
| 5:00pm | USD | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Federal Reserve President William Poole will speak to the Chamber of Commerce in Dyersburg, Tennessee.
Fri. 09/01 | 1:30am | AUD | Current Account 2Q |  | -13.2 | -14.0B | -14.0B | [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.
| 7:30am | CHF | SVME PMI |  | 68.2 | 64.5 | 65.1 | [read]
Definition The Schweizerischer Verband für Materialwirtschaft und Einkauf (SVME) Purchasing Manager's Index (PMI) measures the health of the economy. 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.
| 7:55am | EUR | German Manufacturing PMI |  | 58.2 | 58.5 | 58.9 | [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 | EUR | Manufacturing PMI |  | 56.5 | 57.0 | 57.4 | [read]
Investica Analysis A further gradual slowdown is realistic 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 | GBP | Manufacturing PMI |  | 53.1 | 53.5 | 53.8 | [read]
Investica Analysis Price indices will be watched closely. 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.
| 9:00am | EUR | Unemployment Rate |  | 7.8% | 7.8% | 7.8% | [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 | EUR | GDP q/q (f) |  | 0.9% | 0.9% | 0.9% | [read]
Definition Gross Domestic Product (GDP) measures the quarterly change in the value of all goods and services produced by the economy. GDP is the broadest measure of economic activity and considered to be the primary gauge of an economy's health. However, the indicator rarely causes large reactions because most of the information it contains has already been reported via indicators such as CPI, personal spending, and housing.
| 12:30pm | USD | Nonfarm Employment Change |  | 128K | 130K | 113K | [read]
Investica Analysis The past three reports have been lower than expected. Definition Measures the number of new jobs created in the previous month, excluding the farming industry. Employment growth will generally strengthen a country's currency, as it is one of the most timely and important indicators of economic health.
| 12:30pm | USD | Unemployment Rate |  | 4.7% | 4.7% | 4.8% | [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 | USD | Average Hourly Earnings m/m |  | 0.1% | 0.3% | 0.4% | [read]
Investica Analysis The Fed will be watching earnings trends closely. Definition Measures the monthly change in the hourly rate paid to the jobholders indicated in nonfarm payrolls.
| 1:45pm | USD | Consumer Sentiment (f) |  | 82.0 | 79.0 | 78.7 | [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.
| 2:00pm | USD | Construction Spending m/m |  | -1.2% | 0.0% | 0.3% | [read]
Definition Measures the monthly change in value of new construction projects.
| 2:00pm | USD | ISM Manufacturing Index |  | 54.5 | 54.5 | 54.7 | [read]
Investica Analysis The prices component will be important. Definition The Institute of Supply Management (ISM) Manufacturing Index measures growth in the manufacturing industry. 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.
| 8:00pm | USD | Domestic Vehicle Sales |  | 12.4M | 12.7M | 13.2M | [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.
Sun. 09/03 | 11:50pm | JPY | Monetary Base y/y |  | -20.2 | -18.8% | -17.8% | [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.
Mon. 09/04 | 12:00am | AUD | TDMI Inflation Gauge m/m |  | 0.6% | 0.2% | 0.2% | [read]
Definition The TD Secuties Melbourn Institute (TDMI) Inflation Gauge measures the rate of inflation experienced by consumers. Like CPI, it reflects the monthly price change in consumer goods and services. The Melbourne Institute, in conjunction with TD Securities, releases this indicator just days after the month has ended, and it's timeliness has caught the attention of traders.
| 1:30am | AUD | Building Approvals m/m |  | 8.3% | 0.7% | 1.6% | [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.
| 8:30am | GBP | Construction PMI |  | 54.5 | 54.0 | 53.2 | [read]
Definition The Chartered Institute of Purchasing and Supply (CIPS) 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 | EUR | Producer Price Index m/m |  | 0.6% | 0.5% | 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.
| 12:00pm | USD | Holiday: Labor Day |  |  |  |  | [read]
Merlin Says The Forex market as a whole will be open, but your broker may close for a period, especially if they are US based. This creates a situation where you could have an open position in the market but not have access to close your position or place orders. Make sure you check the schedule of your specific broker and plan accordingly. Definition US financial markets closed in observance of Labor Day.
| 1:00pm | EUR | ECB President Trichet Speaks |  |  |  |  | [read]
Definition European Central Bank President Jean-Claude Trichet will speak at a ceremony to receive the “Deutsch-Französischen Kulturpreis” organised by “Pro Europa”, European Foundation for Culture, in Berlin Germany.
Tue. 09/05 | 5:45am | CHF | Consumer Price Index m/m |  | 0.2% | 0.1% | -0.7% | [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.
| 7:55am | EUR | German Services PMI |  | 54.3 | 56.4 | 56.1 | [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 | EUR | Services PMI |  | 57.1 | 58.0 | 57.9 | [read]
Investica Analysis Some slowdown in the index is realistic. 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 | GBP | Services PMI |  | 56.7 | 57.5 | 57.9 | [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.
| 9:00am | EUR | Retail Sales m/m |  | 0.6% | -0.3% | 0.5% | [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.
| 11:00pm | GBP | Consumer Confidence Index |  | 83 | 94 | 94 | [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. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy.
| 11:30pm | AUD | RBA Interest Rate Statement |  | 6.0% | 6.0% | 6.0% | [read]
Investica Analysis A change in rates would be a big surprise. 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 raise rates to fight inflation, and lower rates in the face of deflation or economic slowdown.
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