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February 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. 01/29 | 10:50pm | JPN | Industrial Production m/m |  | 1.4% | 1.4% | 1.5% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
Mon. 01/30 | 12:30pm | CAN | Industrial Product Price Index m/m |  | -0.3% | 0.4% | -0.6% | [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 |  | -1.2% | 1.5% | -1.5% | [read]
Definition The Raw Materials Price Index (RMPI) measures price changes for raw materials purchased by industries in Canada for further processing.
| 12:30pm | USA | Personal Income |  | 0.4% | 0.4% | 0.3% | [read]
Definition Measures the monthly change in average personal income received from all sources.
| 12:30pm | USA | Personal Spending |  | 0.9% | 0.8% | 0.3% | [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.
| 10:30pm | JPN | Unemployment Rate |  | 4.4% | 4.5% | 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.
| 10:30pm | JPN | Workers' Household Spending m/m |  | 0.4% | 0.4% | -0.7% | [read]
Definition Measures the average level of expenditure per household headed by an employed citizen. Rising trends are a positive sign for the economy, as consumer spending accounts for half of Japan's GDP.
Tue. 01/31 | 4:00am | JPN | Housing Starts y/y |  | -0.9% | 7.2% | 12.6% | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous year.
| 7:55am | GER | Unemployment Rate |  | 11.3% | 11.2% | 11.2% | [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.
| 9:00am | E-12 | Consumer Confidence |  | -11 | -10 | -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.
| 9:00am | E-12 | Industrial Confidence |  | -4 | -4 | -5 | [read]
Definition Industrial Confidence 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.
| 9:30am | UK | GfK Consumer Confidence |  | -3 | -7 | -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 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 |  | 0.2% | 0.2% | 0.2% | [read]
Investica Analysis The data should remain firm. 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 | Employment Cost Index q/q |  | 0.8% | 0.9% | 0.8% | [read]
Definition The Employment Cost Index (ECI) measures the monthly change in total employee compensation costs, including wages, salaries, and benefits. The ECI is the broadest measure of labor costs.
| 2:00pm | USA | Consumer Confidence |  | 106.3 | 105.1 | 103.6 | [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 and strengthens the country's currency.
| 2:00pm | USA | Chicago PMI |  | 58.5 | 59.5 | 61.5 | [read]
Investica Analysis The prices index will be watched closely. Definition The National Association of Purchasing Managers (NAPM) Chicago compiles this index to measure business conditions in the Chicago area. Readings above 50 percent indicate an expanding business sector. The index is considered a leading indicator of the ISM manufacturing index.
| 6:15pm | USA | FOMC Interest Rate Statement |  | 4.50% | 4.50% | 4.25% | [read]
Investica Analysis A 0.25% rate increase looks a done deal and the statement will be crucial. Flexibility will be a key issue for the Fed. Definition The Federal Open Market Committee (FOMC) Interest Rate Statement is released shortly after a meeting in which the FOMC, headed by Alan Greenspan, 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. 02/01 | 12:00am | USA | Pres. Bush State of the Union Address |  |  |  |  |
| 4:00am | JPN | Vehicle Sales y/y |  | -0.5% |  | -9.7% | [read]
Definition Measures the annual change in sales volume for cars, light trucks, sport utility vehicles, and vans. Motor vehicle sales are good indicators of trends in consumer spending.
| 7:55am | GER | Manufacturing PMI |  | 55.0 | 54.5 | 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 |  | 53.5 | 54.1 | 53.6 | [read]
Investica Analysis A firm reading is likely. 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 | 51.3 | 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 |  | 8.4% | 8.2% | 8.3% | [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.
| 2:00pm | USA | ISM Manufacturing Index |  | 54.8 | 55.5 | 54.2 | [read]
Investica Analysis Price and employment components will be watched closely. 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 |  | 1.0% | 0.3% | 0.2% | [read]
Definition Measures the monthly change in value of new construction projects.
| 8:00pm | USA | Domestic Vehicle Sales |  | 13.9M | 13.1M | 13.5M | [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.
| 10:50pm | JPN | Monetary Base y/y |  | 1.4% | 1.1% | 1.0% | [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 | Building Permits m/m |  | -3.5% | -0.7% | 3.4% | [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.
Thu. 02/02 | 9:00am | E-12 | Producer Price Index m/m |  | 0.2% | 0.2% | -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 Decision |  | 2.25% | 2.25% | 2.25% | [read]
Investica Analysis The press conference will need to be watched closely. 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 |  | 273K | 295K | 283K | [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 | USA | Nonfarm Productivity q/q |  | -0.6% | 1.7% | 4.7% | [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.
| 12:30pm | USA | Unit Labor Costs q/q |  | 3.5% | 2.8% | -1.0% | [read]
Definition Measures the quarterly growth in the labor cost of producing output. A rising trend indicates future inflationary pressures as the labor cost of producing goods rises.
| 1:00pm | USA | Fed Governor Shmidt Speaks |  |  |  |  | [read]
Definition Federal Reserve Governor Susan Schmidt Bies will speak in Washington, about risk management.
| 11:30pm | AUS | Retail Sales m/m |  | 0.1% | 0.5% | -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.
| 11:30pm | AUS | Trade Balance |  | -1.2B | -1.8B | -2.5B | [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. 02/03 | 7:55am | GER | Services PMI |  | 58.0 | 56.4 | 56.0 | [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 |  | 57.0 | 57.0 | 56.8 | [read]
Investica Analysis A firm reading is likely for the index. 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 |  | 57.0 | 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 | E-12 | Retail Sales m/m |  | 0.1% | -0.2% | -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 | USA | Nonfarm Employment Change |  | 193K | 275K | 108K | [read]
Investica Analysis Seasonal factors should help produce a strong figure. 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 |  | 4.7% | 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.
| 12:30pm | USA | Average Hourly Earnings m/m |  | 0.4% | 0.3% | 0.3% | [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 | Consumer Sentiment (f) |  | 91.2 | 93.4 | 93.4 | [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 | Factory Orders m/m |  | 1.1% | 1.0% | 2.5% | [read]
Definition Measure 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 |  | 56.8 | 59.7 | 59.8 | [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.
Mon. 02/06 | 4:00am | JPN | Leading Economic Index |  | 80.0% | 80.0% | 54.5% | [read]
Definition The Leading Economic Index is a composite of ten indicators that measure overall economic activity by considering 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.
| 4:00am | JPN | Coincident Index |  | 100% | 100% | 70% | [read]
Definition The Coincident Index is a key gauge of overall economic conditions meant to indicate the current state of the economy.
| 8:00am | GER | Retail PMI |  | 50.4 | 50.0 | 51.7 | [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.
| 8:00am | E-12 | Retail PMI |  | 49.7 | 51.0 | 52.2 | [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.
| 10:00am | GER | Factory Orders m/m |  | -1.6% | 0.5% | 1.3% | [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 | BOC Governor Dodge Speaks |  |  |  |  |
| 11:30am | USA | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve Bank President Richard Fisher will speak at the Institute of Economic Affairs conference, in London, about the US economy.
| 12:30pm | CAN | Building Permits m/m |  | 27.4% | 2.0% | -5.7% | [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 | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition Keynote speech delivered by the President on “Monetary policy and economic prospects in the eurozone” at the 23rd conference hosted by iea – The Institute of Economic Affairs on “The State of the Economy – Overcoming key challenges to sustainable economic growth” in London, United Kingdom. The text will be made available on the ECB's website after delivery.
| 2:00pm | CAN | Ivey PMI |  | 54.1 | 53.8 | 48.3 | [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.
| 11:00pm | UK | Retail Sales y/y |  | 0.2% | 2.1% | 2.6% | [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.
Tue. 02/07 | 10:00am | GER | Industrial Production m/m |  | -0.5% | 0.7% | -0.3% | [read]
Definition Measures the monthly change in total output of factories, mines, and utilities. A rising trend generally indicates a strengthening economy.
| 7:00pm | USA | Consumer Credit m/m |  | 3.3B | 5.0B | -0.6B | [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.
| 9:00pm | AUS | RBA Interest Rate Statement |  | 5.5% | 5.5% | 5.5% | [read]
Investica Analysis No change 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.
| 10:50pm | JPN | M2+CD Money Supply y/y |  | 1.9% | 2.0% | 2.0% | [read]
Definition M2+CD Money Supply measures Japan's outstanding currency. The indicator is developed by comparing year over year currency levels. M1 = currency in circulation + overnight deposits M2+CD = M1 + Quasi-Money (Time Deposits etc.) + CDs
| 11:00pm | UK | Nationwide Consumer Confidence Index |  | 99 | 98 | 96 | [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. 02/08 | 6:00am | GER | Trade Balance |  | 9.2B | 13.0B | 13.3B | [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.
| 8:30am | UK | Industrial Production m/m |  | 0.2% | 0.2% | 0.6% | [read]
Investica Analysis The manufacturing sector is likely to remain under pressure. 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 |  | 0.3% | 0.2% | 0.4% | [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.
| 2:30pm | USA | US Treasury Snow Senate Testimony |  |  |  |  |
| 11:30pm | AUS | Unemployment Rate |  | 5.3% | 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.
| 11:30pm | AUS | Employment Change |  | 1.8K | 14.0K | 2.1K | [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.
Thu. 02/09 | 4:00am | JPN | Consumer Confidence |  | 49.5 | 48.0 | 46.7 | [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.
| 5:00am | JPN | BOJ Monetary Policy Report |  |  |  |  | [read]
Definition The Bank of Japan (BOJ) monthly Policy Report gives the bank's view of Japan's economy, reviews major economic indicators, and discusses market operations that determine short term interest rates.
| 8:30am | UK | Trade Balance |  | -6.1B | -5.6B | -5.7B | [read]
Investica Analysis The oil balance will be important. 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.
| 11:00am | UK | BOE Interest Rate Statement |  | 4.5% | 4.5% | 4.5% | [read]
Investica Analysis Unchanged rates are likely on another split vote. 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.
| 12:30pm | USA | Unemployment Claims |  | 277K | 285K | 273K | [read]
Investica Analysis Another figure below 300,000 would benefit the dollar. 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.
| 5:00pm | USA | Chicago Fed President Moskow Speaks |  |  |  |  | [read]
Definition Chicago Federal Reserve Bank President Michael Moskow will speak about the US economy in Chicago. Audience questions expected.
| 10:50pm | JPN | Corporate Goods Price Index m/m |  | 0.2% | 0.1% | 0.2% |
Fri. 02/10 | 4:00am | JPN | Household Spending y/y |  | 0.8% | 2.5% | 0.0% | [read]
Definition Household Spending measures the level of expenditure per household. It's derived by comparing the year over year total spending divided by the number of households. Higher readings are a positive sign for the economy, as consumer spending accounts for half of Japan's GDP.
| 4:00am | JPN | Machinery orders |  | 6.8% | 1.5% | 2.3% |
| 6:00am | GER | Consumer Price Index m/m |  | -0.5% | -0.5% | 0.9% | [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 | Unemployment Rate |  | 6.6% | 6.5% | 6.5% | [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.
| 11:00am | CAN | Employment Change |  | 26.3K | 22.3K | -2.1K | [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 | Trade Balance |  | -65.7 | -65.0B | -64.2B | [read]
Investica Analysis A record defciit would hurt dollar confidence. Import volatility could produce a big surprise in either direction. 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 | CAN | Trade Balance |  | 7.7B | 7.0B | 6.9B | [read]
Investica Analysis Commodity earnings will offer support. 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.
Sun. 02/12 | 10:50pm | JPN | Current Account |  | 1.75T | 1.60T | 1.57T | [read]
Definition Balance of Payments account that 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.
| 10:50pm | JPN | Trade Balance |  | 1.06T | 1.07T | 0.70T | [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.
| 11:30pm | AUS | RBA Quarterly Statement |  |  |  |  | [read]
Definition The Australian Reserve Bank (RBA) Quarterly Statement on Monetary Policy qualitatively and quantitatively assess current economic conditions, prospects for inflation, and output growth.
Mon. 02/13 | 3:30am | JPN | Industrial Production m/m (f) |  | 1.3% | 1.4% | 1.4% | [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 | Producer Price Index Input m/m |  | 1.9% | 1.2% | 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 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 |  | 0.4% | 0.2% | -0.2% | [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 | Cleveland Fed President Pianalto Speaks |  |  |  |  | [read]
Definition Cleveland Federal Reserve Bank President Sandra Pianalto to address the Cleveland Association for Business Economics.
Tue. 02/14 | 6:00am | GER | Gross Domestic Product q/q |  | 0.0% | 0.3% | 0.6% | [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.
| 8:30am | UK | Consumer Price Index m/m |  | -0.5% | -0.4% | 0.3% | [read]
Investica Analysis Seasonal factors tend to cause January volatility. 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% | -0.3% | 0.3% | [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.
| 9:00am | GER | ZEW Economic Sentiment |  | 69.8 | 71.5 | 71.0 | [read]
Investica Analysis A significant drop in the index would hurt Euro sentiment. 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 | E-12 | Gross Domestic Product q/q |  | 0.3% | 0.4% | 0.6% | [read]
Investica Analysis A figure of 0.5% or better would support the Euro. 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 | Retail Sales m/m |  | 2.3% | 0.9% | 0.7% | [read]
Investica Analysis Warm weather should help to support spending. 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 |  | 2.2% | 0.7% | 0.2% | [read]
Definition This indicator is a derivative of Retail Sales that excludes the volatile Automobile Sales component.
| 12:30pm | USA | Business Inventories |  | 0.7% | 0.5% | 0.5% | [read]
Definition Measures the dollar amount of inventories held by manufacturers, wholesalers, and retailers.
| 11:00pm | USA | Richmond Fed President Lacker Speaks |  |  |  |  | [read]
Definition Richmond Federal Reserve Bank President Jeffrey Lacker will speak about transition and continuity at the Federal Reserve.
Wed. 02/15 | 8:30am | UK | Claimant Count Change |  | -2.0K | 7.2K | 7.2K | [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 |  | 3.6% | 3.4% | 3.4% | [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 |  | 5.1% | 5.0% | 5.0% | [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.
| 9:30am | UK | BOE Quarterly Inflation Report |  |  |  |  | [read]
Investica Analysis A soft stance would undermine Sterling. 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.
| 12:30pm | USA | Empire Manufacturing Index |  | 20.3 | 18.0 | 21.0 | [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 |  | 56.6B |  | 89.1B | [read]
Investica Analysis Some decline from recent elevated levels is likely. 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.
| 1:15pm | USA | Industrial Production m/m |  | 0.2% | 0.3% | 0.6% | [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 |  | 80.9% | 80.9% | 80.7% | [read]
Investica Analysis This will be the most important element 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.
| 2:00pm | USA | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Investica Analysis The comments will be very important for UK interest rate expectations. Definition Federal Reserve Chairman Ben Bernanke will give semiannual monetary policy testimony to House Financial Services Committee.
| 11:30pm | UK | RICS House Price Balance |  | 9% | 10% | 8% | [read]
Definition The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the price change of homes in the UK. This leading indicator represents the percentage of chartered surveyors reporting price falls in their designated area.
Thu. 02/16 | 8:30am | UK | Retail Sales m/m |  | -1.3% | -0.2% | -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.
| 12:30pm | CAN | Manufacturing Shipments |  | 1.4% | 1.2% | -1.5% | [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 | Import Prices m/m |  | 1.6% | 1.0% | -0.2% | [read]
Definition Measures the rate of inflation for imported goods. The reading represents the monthly change in the average price of a fixed basket of imported goods and services.
| 12:30pm | USA | Housing Starts |  | 2.3M | 2.0M | 1.9M | [read]
Definition Measures the number of new single-family homes or buildings constructed throughout the previous month.
| 12:30pm | USA | Unemployment Claims |  | 297K | 285K | 277K | [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 | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Investica Analysis The area of focus in the second part of the testimony will be important. A firm stance remains likely. Definition Federal Reserve Chairman Ben Bernanke will give semiannual monetary policy testimony to Senate Banking Committee.
| 4:00pm | USA | Philadelphia Fed Index |  | 15.4 | 10.0 | 3.3 | [read]
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.
| 5:00pm | USA | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Fed President Poole will speak on Inflation Targeting.
| 10:00pm | AUS | RBA Governor Macfarlane Speaks |  |  |  |  |
| 10:50pm | JPN | Gross Domestic Product q/q |  | 1.4% | 1.2% | 0.2% | [read]
Investica Analysis The quarterly data is always volatile. A figure above 5.0% would boost the yen. 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.
Fri. 02/17 | 9:00am | E-12 | Industrial Production m/m |  | 0.1% | 0.0% | 1.3% | [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 |  | 0.4% | 0.5% | -0.2% | [read]
Definition Measures value and volume in the wholesale sector. The indicator is derived by comparing the month over month change in total value of sales.
| 12:30pm | USA | Producer Price Index m/m |  | 0.3% | 0.3% | 0.9% | [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 |  | 0.4% | 0.2% | 0.1% | [read]
Investica Analysis The underlying figure will be important for the Fed. Definition This indicator is a derivative of the PPI that excludes the volatile Food and Energy items.
| 1:45pm | USA | Consumer Confidence |  | 87.4 | 91.0 | 91.2 | [read]
Investica Analysis Confidence should remain firm. 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.
Mon. 02/20 | 6:00am | GER | Producer Price Index m/m |  | 1.2% | 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.
| 12:00pm | USA | Holiday: President's Day |  |  |  |  | [read]
Merlin Says The Forex market as a whole will not be closed, but your broker may close for a period. This creates a situation where you could have a position in the open 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 All US markets will be closed for President's Day.
| 12:30pm | CAN | Leading Indicators m/m |  | 0.5% | 0.5% | 0.5% | [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).
| 3:00pm | E-12 | ECB President Trichet Speaks |  |  |  |  | [read]
Definition Introductory Statement by the ECB President Jean-Claude Trichet at the Quarterly Testimony before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium.
| 11:30pm | AUS | New Vehicle Sales m/m |  | 2.6% | 3.0% | 0.8% | [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.
Tue. 02/21 | 9:00am | E-12 | Trade Balance |  | -0.9% | -2.1B | -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.
| 12:30pm | CAN | Retail Sales m/m |  | 0.3% | 0.1% | 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.
| 12:30pm | CAN | Retail Sales excl. Autos m/m |  | 0.4% | 0.3% | 0.1% | [read]
Definition This indicator is a derivative of Retail Sales that excludes the volatile Automobile Sales component.
| 2:00pm | USA | Leading Indicators |  | 1.1% | 0.6% | 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.
| 6:00pm | USA | FOMC Meeting Minutes |  |  |  |  | [read]
Investica Analysis Any splits within the Fed would be very significant. 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.
| 10:00pm | USA | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve Bank President Richard Fisher will speak at the University of Texas at El Paso about Mexico and global competition.
| 11:30pm | AUS | Wage Price Index q/q |  | 0.9% | 1.0% | 1.0% | [read]
Definition The Wage Price Index (WPI) measures the monthly rate of inflation found in the hourly rate paid to workers.
Wed. 02/22 | 8:00am | E-12 | Current Account |  | -5.3B | -0.8B | -10.1B | [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.
| 8:30am | UK | BOE Meeting Minutes |  |  |  |  | [read]
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.
| 10:00am | UK | CBI Industrial Trends Indicator |  | -18% |  | -28% | [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.
| 11:00am | CAN | Consumer Price Index m/m |  | 0.5% | 0.3% | -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.
| 11:00am | CAN | CPI excl. Volatile Items m/m |  | 0.0% | -0.1% | -0.1% | [read]
Investica Analysis The Bank of Canada will be watching the underlying data closely. 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 |  | 0.7% | 0.5% | -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.
| 12:30pm | USA | CPI excl. Food and Energy m/m |  | 0.2% | 0.2% | 0.2% | [read]
Investica Analysis The underlying figure is key for the Fed. Definition This indicator is a derivative of the Consumer Price Index (CPI) that excludes the volatile food and energy items.
| 10:50pm | JPN | Trade Balance |  | -349B | -90B | 912B | [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.
| 10:50pm | JPN | Tertiary Industry Index m/m |  | 0.2% | 0.3% | 0.1% | [read]
Investica Analysis A further recovery would reinforce the case for tighter monetary policy. 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 |  | 0.4% | 0.5% | 0.3% | [read]
Definition Adds data from the primary sector (including fishing, farming, forestry, mining, and manufacturing) to the Tertiary Industry Index.
Thu. 02/23 | 8:00am | GER | Ifo Business Climate Index |  | 103.3 | 101.5 | 102.0 | [read]
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 |  | 104.8 | 103.0 | 103.6 | [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 | USA | Unemployment Claims |  | 278K | 300K | 297K | [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.
| 2:30pm | USA | EIA Crude Oil Inventories |  | 1.1M |  | 4.9M | [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.
| 4:30pm | USA | Philly Fed President Santomero Speaks |  |  |  |  | [read]
Definition Philadelphia Federal Reserve Bank President Anthony Santomero will speak in Philadelphia Pennsylvania, about the U.S. economic outlook.
| 5:00pm | USA | Dallas Fed President Fisher Speaks |  |  |  |  | [read]
Definition Dallas Federal Reserve Bank President Richard Fisher will address the Greater Dallas Asian American Chamber of Commerce.
Fri. 02/24 | 6:00am | GER | Consumer Price Index m/m |  | 0.4% | 0.4% | -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.
| 8:30am | UK | Gross Domestic Product q/q (f) |  | 0.6% | 0.6% | 0.6% | [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.
| 12:30pm | USA | Durable Goods Orders |  | -10.2 | -1.2% | 1.8% | [read]
Investica Analysis Capital goods spending will be an important element. 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.
| 4:45pm | USA | St. Louis Fed President Poole Speaks |  |  |  |  | [read]
Definition St. Louis Federal Reserve President William Poole will speak in Clayton Missouri.
| 9:30pm | USA | Fed Chairman Bernanke Speaks |  |  |  |  | [read]
Definition Federal Reserve Chairman Ben Bernanke will speak at Princeton University about the evolution of central banking. Audience questions expected.
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.
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