DateTime
stringdate
2007-01-01 04:30:00+0330
2025-04-07 21:30:00+0330
Currency
stringclasses
10 values
Impact
stringclasses
4 values
Event
stringclasses
593 values
Actual
stringlengths
1
9
Forecast
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1
8
Previous
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1
9
Detail
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106
1.37k
2007-05-15T16:00:00+03:30
CAD
Medium Impact Expected
Manufacturing Sales m/m
2.8%
0.8%
0.4%
Source: Statistics Canada (latest release) | Measures: Change in the total value of sales made by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 13, 2007 | Why Traders Care: It's a leading indicator of economic health - manufacturers are quickly affected by market conditions, and changes in their sales can be an early signal of future activity such as spending, hiring, and investment; | Also Called: Manufacturing Shipments, Factory Sales;
2007-05-15T16:30:00+03:30
USD
High Impact Expected
TIC Long-Term Purchases
67.6B
72.0B
58.1B
Source: US Department of the Treasury (latest release) | Measures: Difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 15, 2007 | FF Notes: This data represents the balance of domestic and foreign investment - for example, if foreigners purchased $100 billion in US stocks and bonds, and the US purchased $30 billion in foreign stocks and bonds, the net reading would be 70.0B; | Why Traders Care: Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities; | Also Called: Net Long-term Securities Transactions; | Acro Expand: Treasury International Capital (TIC);
2007-05-15T17:30:00+03:30
USD
Medium Impact Expected
FOMC Member Kroszner Speaks
null
null
null
Description: Due to speak about regulation and financial innovation at the Federal Reserve Bank of Atlanta's 2007 Financial Markets Conference, via satellite; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Randall Kroszner; | Usual Effect: More hawkish than expected is good for currency; | Next Release: May 16, 2007 | FF Notes: FOMC voting member Mar 2006 - Jan 2009; | Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
2007-05-15T20:30:00+03:30
USD
Low Impact Expected
NAHB Housing Market Index
30
33
33
Source: NAHB (latest release) | Measures: Level of a diffusion index based on surveyed home builders; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the middle of the current month; | Next Release: Jun 18, 2007 | FF Notes: Above 50 indicates a favorable outlook on home sales, below indicates a negative outlook; | Derived Via: Survey of about 900 home builders which asks respondents to rate the relative level of current and future single-family home sales; | Also Called: NAHB/Wells Fargo Housing Market Index; | Acro Expand: National Association of Home Builders (NAHB);
2007-05-16T00:00:00+03:30
AUD
Low Impact Expected
Wage Price Index q/q
1.0%
1.2%
1.1%
Source: Australian Bureau of Statistics (latest release) | Measures: Change in the price businesses and the government pay for labor, excluding bonuses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: Aug 15, 2007 | FF Notes: Source changed series calculation formula as of November 2003; | Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; | Also Called: Wage Cost Index, Labour Price Index;
2007-05-16T00:00:00+03:30
CNY
Low Impact Expected
Foreign Direct Investment ytd/y
10.2%
null
11.6%
Source: National Bureau of Statistics of China (latest release) | Measures: Change in the total spending on domestic capital investments by foreign companies; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 13 days after the month ends; | Next Release: Jun 13, 2007 | FF Notes: Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released. Data represents the year-to-date investment compared to the same period a year earlier; | Also Called: Yuan FDI YTD; | Acro Expand: Foreign Direct Investment (FDI), Year to Date (YTD);
2007-05-16T00:00:00+03:30
GBP
Low Impact Expected
Unemployment Rate
5.5%
5.5%
5.5%
Source: Office for National Statistics (latest release) | Measures: Percentage of total work force that is unemployed and actively seeking employment during the past 3 months; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 13, 2007 | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: ILO Unemployment Rate, Jobless Rate;
2007-05-16T00:00:00+03:30
USD
Medium Impact Expected
Building Permits
1.43M
1.52M
1.57M
Source: Census Bureau (latest release) | Measures: Annualized number of new residential building permits issued during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the 12th business day after the month ends; | Next Release: Jun 19, 2007 | FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12); | Why Traders Care: It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building; | Also Called: Residential Building Permits;
2007-05-16T00:00:00+03:30
GBP
Medium Impact Expected
Claimant Count Change
-15.7K
-5.5K
-14.3K
Source: Office for National Statistics (latest release) | Measures: Change in the number of people claiming unemployment-related benefits during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 13, 2007 | FF Notes: It's the first indication of the employment situation, released a month earlier than the Unemployment Rate. Source changed series calculation formula as of Jun 2015; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Unemployment Change;
2007-05-16T00:00:00+03:30
NZD
Low Impact Expected
PPI Output q/q
-0.2%
-0.2%
-0.5%
Source: Statistics New Zealand (latest release) | Measures: Change in the price of goods sold by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 50 days after the quarter ends; | Next Release: Sep 10, 2007 | FF Notes: Only includes goods produced domestically; | Also Called: Factory Gate Prices; | Acro Expand: Producer Price Index (PPI);
2007-05-16T00:00:00+03:30
GBP
High Impact Expected
BOE Monetary Policy Report
null
null
null
Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released quarterly; | Next Release: Aug 8, 2007 | FF Notes: Report provides the BOE's projection for inflation and economic growth over the next 2 years. The BOE Governor also holds a press conference to discuss the report's contents after release. In Nov 2019 source changed report name from Inflation Report to Monetary Policy Report; | Why Traders Care: It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions; | Acro Expand: Bank of England (BOE);
2007-05-16T00:00:00+03:30
USD
Medium Impact Expected
Housing Starts
1.53M
1.49M
1.49M
Source: Census Bureau (latest release) | Measures: Annualized number of new residential buildings that began construction during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the 12th business day after the month ends; | Next Release: Jun 19, 2007 | FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12). This data is slightly overshadowed by Building Permits because they are tightly correlated and a permit must be issued before a house can begin construction; | Why Traders Care: It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;
2007-05-16T00:00:00+03:30
EUR
Low Impact Expected
Final CPI y/y
1.9%
1.8%
1.8%
Source: Eurostat (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 14, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the CPI Flash Estimate and therefore the 'History' data will appear unconnected. This is considered the Eurozone's most important inflation data because it's used as the central bank's inflation target, but it tends to have a relatively mild impact as the CPI Flash Estimate and German Prelim CPI are released about 15 days earlier; | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; | Acro Expand: Consumer Price Index (CPI);
2007-05-16T00:00:00+03:30
USD
Medium Impact Expected
Industrial Production m/m
0.7%
0.3%
-0.3%
Source: Federal Reserve (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 15, 2007 | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; | Also Called: Factory Output;
2007-05-16T02:15:00+03:30
NZD
High Impact Expected
PPI Input q/q
-1.6%
-0.9%
-0.3%
Source: Statistics New Zealand (latest release) | Measures: Change in the price of goods and raw materials purchased by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 50 days after the quarter ends; | Next Release: Sep 10, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; | Acro Expand: Producer Price Index (PPI);
2007-05-16T05:00:00+03:30
AUD
Medium Impact Expected
Westpac Consumer Sentiment
7.5%
null
-0.2%
Source: Westpac Banking Corporation (latest release) | Measures: Change in the level of a diffusion index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the second Tuesday of the current month; | Next Release: Jun 13, 2007 | FF Notes: The impact tends to be mild but varies from month to month due to volatility in the data set; | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases; | Also Called: Westpac-Melbourne Institute Consumer Sentiment;
2007-05-16T05:30:00+03:30
CNY
High Impact Expected
Industrial Production y/y
17.4%
17.5%
17.6%
Source: National Bureau of Statistics of China (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, excluding Feb, about 15 days after the month ends; | Next Release: Jun 14, 2007 | FF Notes: Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment; | Why Traders Care: It's a leading indicator of economic health - production is the dominant driver of the economy and reacts quickly to ups and downs in the business cycle; | Also Called: Industrial Output;
2007-05-16T08:00:00+03:30
JPY
Low Impact Expected
Revised Industrial Production m/m
-0.3%
-0.6%
-0.6%
Source: METI (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 13, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this indicator released about 15 days apart - Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;
2007-05-16T08:30:00+03:30
JPY
Low Impact Expected
Consumer Confidence
47.4
48.5
46.8
Source: Cabinet Office (latest release) | Measures: Level of a composite index based on surveyed households, excluding single-person homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 3 days after the month ends; | Next Release: Jun 12, 2007 | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 8,400 households which asks respondents to rate the relative level of economic conditions including overall livelihood, income growth, employment, and climate for major purchases; | Also Called: Consumer Mood, Household Confidence;
2007-05-16T09:30:00+03:30
EUR
Low Impact Expected
German Final CPI m/m
0.4%
0.4%
0.4%
Source: Destatis (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 11 days after the month ends; | Next Release: Jun 14, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact; | Acro Expand: Consumer Price Index (CPI);
2007-05-16T10:15:00+03:30
EUR
Medium Impact Expected
French Prelim Private Payrolls q/q
0.6%
0.3%
0.2%
Source: INSEE (latest release) | Measures: Change in the number of employed people, excluding the farming industry and government; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: Aug 17, 2007 | FF Notes: There are 2 versions of this indicator released about a month apart - Preliminary and Final. Both tend to have a muted impact because there are several earlier indicators related to Eurozone labor conditions; | Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Also Called: Non-Farm Employment, Provisional Employment;
2007-05-16T12:00:00+03:30
GBP
High Impact Expected
Average Earnings Index 3m/y
4.5%
4.8%
4.6%
Source: Office for National Statistics (latest release) | Measures: Change in the price businesses and the government pay for labor, including bonuses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 13, 2007 | FF Notes: Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010; | Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; | Also Called: Average Earnings Including Bonuses;
2007-05-16T12:30:00+03:30
EUR
Low Impact Expected
Final Core CPI y/y
1.9%
1.9%
1.9%
Source: Eurostat (latest release) | Measures: Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 14, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Flash Core CPI Estimate and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact; | Acro Expand: Consumer Price Index (CPI);
2007-05-16T13:00:00+03:30
GBP
High Impact Expected
BOE Gov King Speaks
null
null
null
Description: Due to hold a press conference, along with other MPC members, about the Inflation Report, in London; | Source: Bank of England (latest release) | Speaker: BOE Governor Mervyn King; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Jun 11, 2007 | FF Notes: BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; | Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Bank of England (BOE);
2007-05-16T16:00:00+03:30
CAD
Medium Impact Expected
Foreign Securities Purchases
4.66B
3.23B
4.81B
Source: Statistics Canada (latest release) | Measures: Total value of domestic stocks, bonds, and money-market assets purchased by foreigners during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Jun 18, 2007 | Why Traders Care: Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities; | Also Called: International Transactions in Securities;
2007-05-16T16:45:00+03:30
USD
Medium Impact Expected
Capacity Utilization Rate
81.6%
81.4%
81.2%
Source: Federal Reserve (latest release) | Measures: Percentage of available resources being utilized by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 15, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when producers are nearing full capacity they respond by raising prices, and the higher costs are usually passed on to the consumer;
2007-05-16T17:30:00+03:30
USD
Medium Impact Expected
FOMC Member Kroszner Speaks
null
null
null
Description: Due to deliver a speech titled "Globalization and Capital Markets: Implications for Inflation and the Yield Curve" at the Center for Financial Stability, in Buenos Aires; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Randall Kroszner; | Usual Effect: More hawkish than expected is good for currency; | Next Release: May 23, 2007 | FF Notes: FOMC voting member Mar 2006 - Jan 2009; | Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
2007-05-16T18:00:00+03:30
USD
Low Impact Expected
Crude Oil Inventories
1.1M
0.0M
5.5M
Source: Energy Information Administration (latest release) | Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 4 days after the week ends; | Next Release: May 23, 2007 | FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; | Why Traders Care: It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility; | Also Called: Crude Stocks, Crude Levels; | Acro Expand: Energy Information Administration (EIA);
2007-05-16T18:30:00+03:30
USD
Medium Impact Expected
FOMC Member Kohn Speaks
null
null
null
Description: Due to speak about financial stability and policy issues at the Atlanta Fed Financial Markets Conference, in Georgia; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Donald Kohn; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Sep 21, 2007 | FF Notes: FOMC voting member Aug 2002 - Sep 2010; | Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
2007-05-17T00:00:00+03:30
NZD
High Impact Expected
Annual Budget Release
null
null
null
Source: Treasury New Zealand (latest release) | Frequency: Released annually; | Next Release: May 22, 2008 | FF Notes: This document outlines the government's budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments; | Why Traders Care: Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
2007-05-17T00:00:00+03:30
JPY
Medium Impact Expected
Prelim GDP Price Index y/y
-0.2%
-0.4%
-0.5%
Source: Cabinet Office (latest release) | Measures: Change in the price of all goods and services included in GDP; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: Aug 13, 2007 | Why Traders Care: It's the broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation; | Also Called: GDP Deflator; | Acro Expand: Gross Domestic Product (GDP);
2007-05-17T00:00:00+03:30
USD
Low Impact Expected
Natural Gas Storage
95B
97B
96B
Source: Energy Information Administration (latest release) | Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 5 days after the week ends; | Next Release: May 24, 2007 | FF Notes: Inventories are used to maintain price stability during supply shortages and periods of increasing demand; | Also Called: Nat Gas Stocks, Nat Gas Inventories, Working Gas; | Acro Expand: Energy Information Administration (EIA);
2007-05-17T00:00:00+03:30
CAD
Medium Impact Expected
CPI m/m
0.4%
0.3%
0.8%
Source: Statistics Canada (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the third Tuesday after the month ends; | Next Release: Jun 19, 2007 | FF Notes: This is the most important inflation-related release due to its earliness and broad scope. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported; | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; | Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling; | Also Called: All Items CPI; | Acro Expand: Consumer Price Index (CPI);
2007-05-17T00:00:00+03:30
USD
Low Impact Expected
Unemployment Claims
293K
312K
298K
Source: Department of Labor (latest release) | Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, usually on the first Thursday after the week ends; | Next Release: May 24, 2007 | FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Initial Claims;
2007-05-17T03:20:00+03:30
JPY
High Impact Expected
Prelim GDP q/q
0.6%
0.7%
1.3%
Source: Cabinet Office (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: Aug 13, 2007 | FF Notes: There are 2 versions of GDP released about a month apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. Source changed series calculation formula as of Dec 2004, Aug 2002, and Dec 2000; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: Real GDP; | Acro Expand: Gross Domestic Product (GDP);
2007-05-17T04:00:00+03:30
AUD
Low Impact Expected
MI Inflation Expectations
4.4%
null
3.8%
Source: Melbourne Institute (latest release) | Measures: Percentage that consumers expect the price of goods and services to change during the next 12 months; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually the second Thursday after the month ends; | Next Release: Jun 14, 2007 | FF Notes: Full reports are only available to Melbourne Institute subscribers. Source changed series calculation formula as of May 2014; | Why Traders Care: Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise; | Also Called: Consumer Inflation Expectations; | Acro Expand: Melbourne Institute (MI);
2007-05-17T05:00:00+03:30
AUD
Low Impact Expected
RBA Bulletin
null
null
null
Source: Reserve Bank of Australia (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released Quarterly; | Next Release: Jun 21, 2007 | FF Notes: Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010; | Why Traders Care: It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Acro Expand: Reserve Bank of Australia (RBA);
2007-05-17T05:30:00+03:30
CNY
Medium Impact Expected
Fixed Asset Investment ytd/y
25.5%
25.3%
25.3%
Source: National Bureau of Statistics of China (latest release) | Measures: Change in the total spending on non-rural capital investments such as factories, roads, power grids, and property; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, excluding Feb, about 15 days after the month ends; | Next Release: Jun 18, 2007 | FF Notes: Data represents the year-to-date investment compared to the same period a year earlier; | Why Traders Care: It's a leading indicator of economic health - changes in private and public investment levels can be an early signal of future economic activity such as hiring, spending, and earnings;
2007-05-17T07:00:00+03:30
JPY
Medium Impact Expected
Overnight Call Rate
0.50%
0.50%
0.50%
Source: Bank of Japan (latest release) | Measures: Interest rate at which the BOJ rediscounts bills and extends loans to financial institutions; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Variable, about 14 times per year; | Next Release: Jun 15, 2007 | FF Notes: This rate was the BOJ's main operating target from Mar 2006 until it was discontinued in Apr 2013; | Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; | Derived Via: BOJ Policy Board members come to a consensus on where to set the rate; | Also Called: Interest Rates; | Acro Expand: Bank of Japan (BOJ);
2007-05-17T09:30:00+03:30
JPY
Low Impact Expected
BOJ Monthly Report
null
null
null
Source: Bank of Japan (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly; | Next Release: Jun 15, 2007 | FF Notes: Source discontinued this report in Dec 2015; | Why Traders Care: It contains the statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Also Called: Monthly Report of Recent Economic and Financial Developments; | Acro Expand: Bank of Japan (BOJ);
2007-05-17T11:00:00+03:30
JPY
High Impact Expected
BOJ Press Conference
null
null
null
Source: Bank of Japan | Speaker: BOJ Governor; | Usual Effect: More hawkish than expected is good for currency; | Frequency: Scheduled 8 times per year; | Next Release: Jun 15, 2007 | FF Notes: Source does not give an exact start time - this event will be listed as 'Tentative' until the press conference starts. Source changed release frequency from about 14 times per year to eight times per year as of Jan 2016; | Why Traders Care: It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy; | Also Called: Interest Rate Press Conference; | Acro Expand: Bank of Japan (BOJ);
2007-05-17T12:30:00+03:30
EUR
Medium Impact Expected
ECB Monthly Bulletin
null
null
null
Source: European Central Bank (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly, 7 days after the Minimum Bid Rate is announced; | Next Release: Jun 14, 2007 | FF Notes: Source discontinued this data in Dec 2014; | Why Traders Care: It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Acro Expand: European Central Bank (ECB);
2007-05-17T14:30:00+03:30
CAD
High Impact Expected
Core CPI m/m
0.2%
0.1%
0.3%
Source: Statistics Canada (latest release) | Measures: Change in the price of goods and services purchased by consumers, excluding the 8 most volatile items; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the third Tuesday after the month ends; | Next Release: Jun 19, 2007 | FF Notes: Volatile items account for about a quarter of CPI but they tend to be very volatile and distort the underlying trend. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported; | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; | Also Called: CPI Ex Volatile Items; | Acro Expand: Consumer Price Index (CPI);
2007-05-17T16:00:00+03:30
CAD
Medium Impact Expected
Wholesale Sales m/m
1.9%
0.4%
1.0%
Source: Statistics Canada (latest release) | Measures: Change in the total value of sales at the wholesale level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 20, 2007 | Why Traders Care: It's a leading indicator of consumer spending - retailers generally order more goods from wholesalers when they expect consumer sales to increase; | Also Called: Wholesale Trade;
2007-05-17T17:00:00+03:30
USD
High Impact Expected
Fed Chairman Bernanke Speaks
null
null
null
Description: Due to deliver a speech titled "The Subprime Mortgage Market" at the Chicago Fed Conference, in Chicago. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Chairman Ben Bernanke; | Usual Effect: More hawkish than expected is good for currency; | Next Release: May 23, 2007 | FF Notes: Fed Chairman Feb 2006 - Jan 2014. Fed Governor Feb 2002 - Jan 2014. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; | Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Federal Reserve (Fed);
2007-05-17T17:30:00+03:30
USD
Low Impact Expected
CB Leading Index m/m
-0.5%
-0.1%
0.6%
Source: The Conference Board Inc. (latest release) | Measures: Change in the level of a composite index based on 10 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Jun 21, 2007 | FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Source changed series calculation formula as of Jan 2012; | Derived Via: Combined reading of 10 economic indicators related to employment, new orders, consumer confidence, housing, stock market prices, credit trends, and interest rate spreads; | Also Called: Leading Indicators; | Acro Expand: The Conference Board (CB);
2007-05-17T18:00:00+03:30
CAD
Low Impact Expected
BOC Review
null
null
null
Source: Bank of Canada (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Twice per year; | Next Release: Aug 16, 2007 | FF Notes: Source discontinued this report in Nov 2017; | Acro Expand: Bank of Canada (BOC);
2007-05-17T19:30:00+03:30
USD
Medium Impact Expected
Philly Fed Manufacturing Index
4.2
3.0
0.2
Source: Federal Reserve Bank of Philadelphia (latest release) | Measures: Level of a diffusion index based on surveyed manufacturers in Philadelphia; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the third Thursday of the current month; | Next Release: Jun 21, 2007 | FF Notes: Above 0.0 indicates improving conditions, below indicates worsening conditions; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; | Derived Via: Survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions; | Also Called: Philadelphia Fed Business Outlook Survey;
2007-05-17T23:59:59+03:30
EUR
Non-Economic
German Bank Holiday
null
null
null
Description: German banks will be closed in observance of Ascension Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: May 28, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
2007-05-17T23:59:59+03:30
CHF
Non-Economic
Bank Holiday
null
null
null
Description: Swiss banks will be closed in observance of Ascension Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: May 28, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
2007-05-17T23:59:59+03:30
EUR
Non-Economic
French Bank Holiday
null
null
null
Description: French banks will be closed in observance of Ascension Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: May 28, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
2007-05-18T00:00:00+03:30
CAD
Medium Impact Expected
Retail Sales m/m
1.9%
0.7%
0.2%
Source: Statistics Canada (latest release) | Measures: Change in the total value of sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Jun 21, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
2007-05-18T00:00:00+03:30
USD
Low Impact Expected
Prelim UoM Inflation Expectations
3.3%
null
3.3%
Source: University of Michigan (latest release) | Measures: Percentage that consumers expect the price of goods and services to change during the next 12 months; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the middle of the current month; | Next Release: Jun 15, 2007 | FF Notes: There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact; | Why Traders Care: Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise; | Derived Via: Survey of about 420 consumers which asks respondents where they expect prices to be 12 months in the future; | Acro Expand: University of Michigan (UoM);
2007-05-18T02:15:00+03:30
NZD
Low Impact Expected
Visitor Arrivals m/m
-2.2%
null
-1.1%
Source: Statistics New Zealand (latest release) | Measures: Change in the number of short-term overseas visitors who arrived in the country; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 20, 2007 | Why Traders Care: Tourism plays an important role in the economy - about 7% of the population is employed by the tourism industry, and a sizable portion of the nation's GDP is indirectly related to tourism; | Also Called: International Travel and Migration;
2007-05-18T03:20:00+03:30
JPY
Medium Impact Expected
Tertiary Industry Activity m/m
-2.2%
-0.7%
1.0%
Source: METI (latest release) | Measures: Change in the total value of services purchased by businesses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Jun 15, 2007 | Why Traders Care: It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment;
2007-05-18T09:30:00+03:30
EUR
Low Impact Expected
German PPI m/m
0.1%
0.3%
0.3%
Source: Destatis (latest release) | Measures: Change in the price of goods sold by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Jun 20, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers charge more for goods the higher costs are usually passed on to the consumer; | Acro Expand: Producer Price Index (PPI);
2007-05-18T12:00:00+03:30
GBP
High Impact Expected
Retail Sales m/m
-0.1%
0.6%
0.5%
Source: Office for National Statistics (latest release) | Measures: Change in the total value of inflation-adjusted sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Jun 14, 2007 | FF Notes: Source changed series calculation formula as of Feb 2010; | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | Also Called: Sales Volume, All Retailers sales;
2007-05-18T12:30:00+03:30
EUR
Low Impact Expected
Italian Trade Balance
-0.20B
-1.18B
-1.87B
Source: Istat (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 15, 2007 | FF Notes: A positive number indicates that more goods were exported than imported. This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator;
2007-05-18T16:00:00+03:30
CAD
High Impact Expected
Core Retail Sales m/m
1.1%
1.1%
1.1%
Source: Statistics Canada (latest release) | Measures: Change in the total value of sales at the retail level, excluding automobiles; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Jun 21, 2007 | FF Notes: Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends; | Also Called: Retail Sales Ex Autos;
2007-05-18T17:30:00+03:30
USD
High Impact Expected
Prelim UoM Consumer Sentiment
88.7
86.4
87.1
Source: University of Michigan (latest release) | Measures: Level of a composite index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the middle of the current month; | Next Release: Jun 15, 2007 | FF Notes: There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact; | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 420 consumers which asks respondents to rate the relative level of current and future economic conditions; | Acro Expand: University of Michigan (UoM);
2007-05-18T23:59:59+03:30
All
Medium Impact Expected
G8 Meetings
null
null
null
Description: Due to meet about a range of global economic issues, including hedge fund regulation and the upcoming G8 Annual Summit, in Washington DC; | Next Release: Jun 6, 2007 | FF Notes: G8 meetings are usually attended by finance ministers and central bankers from the G7 nations - Canada, Italy, France, Germany, Japan, the UK, and the US - with the addition of Russia. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded; | Why Traders Care: While it's not an institution, the G8 is an influential global policy-making body operating at the highest level, and their initiatives and policies can impact the currency markets; | Acro Expand: Group of Eight (G8);
2007-05-21T00:00:00+03:30
GBP
Low Impact Expected
Public Sector Net Borrowing
1.1B
1.4B
8.4B
Source: Office for National Statistics (latest release) | Measures: Difference in value between spending and income for public corporations, the central government, and local governments during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, around 23 days after the month ends; | Next Release: Jun 20, 2007 | FF Notes: A positive number indicates a budget deficit, a negative number indicates a surplus. This figure includes "financial interventions" - there is also a figure released at the same time which excludes them;
2007-05-21T02:31:00+03:30
GBP
Low Impact Expected
Rightmove HPI m/m
0.4%
null
3.6%
Source: Rightmove (latest release) | Measures: Change in the asking price of homes for sale; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Jun 18, 2007 | FF Notes: This is the UK's earliest report on housing inflation, but tends to produce a relatively mild impact because asking prices and selling prices are not always correlated; | Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; | Acro Expand: House Price Index (HPI);
2007-05-21T06:30:00+03:30
NZD
Low Impact Expected
Credit Card Spending y/y
7.8%
null
7.4%
Source: Reserve Bank of New Zealand (latest release) | Measures: Change in total spending facilitated with a credit card; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 21 days after the month ends; | Next Release: Jun 22, 2007 | Why Traders Care: It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money;
2007-05-21T10:45:00+03:30
CHF
Medium Impact Expected
PPI m/m
0.9%
0.4%
0.3%
Source: Federal Statistical Office (latest release) | Measures: Change in the price of goods and raw materials purchased by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 14 days after the month ends; | Next Release: Jun 20, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; | Also Called: Producer and Import Prices, Producer Input Prices; | Acro Expand: Producer Price Index (PPI);
2007-05-21T12:00:00+03:30
GBP
Low Impact Expected
M4 Money Supply m/m
1.4%
1.0%
1.1%
Source: Bank of England (latest release) | Measures: Change in the total quantity of domestic currency in circulation and deposited in banks; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 30 days after the month ends; | Next Release: Jun 20, 2007 | FF Notes: Source changed series from preliminary/final format to a single release, as of Nov 2010; | Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation;
2007-05-21T13:30:00+03:30
EUR
Medium Impact Expected
German Buba Monthly Report
null
null
null
Source: Bundesbank (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly; | Next Release: Jun 18, 2007 | FF Notes: Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance; | Why Traders Care: It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Acro Expand: Deutsche Bundesbank (Buba);
2007-05-21T23:59:59+03:30
CAD
Non-Economic
Bank Holiday
null
null
null
Description: Canadian banks will be closed in observance of Victoria Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: Jul 2, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
2007-05-22T00:00:00+03:30
EUR
Low Impact Expected
ZEW Economic Sentiment
22.3
14.5
10.7
Source: ZEW (latest release) | Measures: Level of a diffusion index based on surveyed German institutional investors and analysts; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the second or third Tuesday of the current month; | Next Release: Jun 19, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism. The ZEW survey is historically focused on the German economy, and Germany tends to lead the Eurozone economy, so this overall Eurozone outlook tends to be overshadowed by the German data released at the same time; | Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; | Derived Via: Survey of about 160 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone; | Acro Expand: Zentrum fur Europaische Wirtschaftsforschung (ZEW);
2007-05-22T00:00:00+03:30
EUR
Low Impact Expected
Trade Balance
5.1B
0.5B
0.5B
Source: Eurostat (latest release) | Measures: Difference in value between imported and exported goods and services during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Jun 15, 2007 | FF Notes: This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier trade data. A positive Trade Balance indicates that more goods and services were exported than imported;
2007-05-22T03:20:00+03:30
JPY
Medium Impact Expected
Monetary Policy Meeting Minutes
null
null
null
Source: Bank of Japan (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Scheduled 8 times per year, around 45 days after the Monetary Policy Statement is released; | Next Release: Jun 20, 2007 | FF Notes: Source changed release frequency from about 14 times per year to eight times per year as of Jan 2016; | Why Traders Care: It's a detailed record of the BOJ Policy Board's meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates; | Acro Expand: Bank of Japan (BOJ);
2007-05-22T05:00:00+03:30
AUD
Low Impact Expected
New Motor Vehicle Sales m/m
-1.1%
null
0.7%
Source: Australian Bureau of Statistics (latest release) | Measures: Change in the number of new cars and trucks sold domestically; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Jun 20, 2007 | FF Notes: Source discontinued this data in Jan 2018; | Why Traders Care: It's a sign of consumer confidence - rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money;
2007-05-22T12:30:00+03:30
EUR
Medium Impact Expected
German ZEW Economic Sentiment
24.0
22.5
16.5
Source: ZEW (latest release) | Measures: Level of a diffusion index based on surveyed German institutional investors and analysts; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the second or third Tuesday of the current month; | Next Release: Jun 19, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism; | Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; | Derived Via: Survey of about 160 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany; | Acro Expand: Zentrum fur Europaische Wirtschaftsforschung (ZEW);
2007-05-22T13:30:00+03:30
EUR
Low Impact Expected
ECB President Trichet Speaks
null
null
null
Description: Due to speak at the Bernácer Prize ceremony, in Madrid; | Source: European Central Bank (latest release) | Speaker: ECB President Jean-Claude Trichet; | Next Release: Jun 1, 2007 | FF Notes: ECB President Nov 2003 - Oct 2011. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; | Why Traders Care: As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: European Central Bank (ECB);
2007-05-22T16:45:00+03:30
USD
Low Impact Expected
Treasury Sec Paulson Speaks
null
null
null
Description: Due to give opening statements and introductions at the second meeting of the Strategic Economic Dialogue, in Washington DC; | Source: US Department of the Treasury (latest release) | Speaker: US Treasury Secretary Henry Paulson; | Next Release: May 23, 2007 | FF Notes: US Treasury Secretary Jul 2006 - Jan 2009. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar; | Why Traders Care: It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | Also Called: Hank Paulson;
2007-05-22T17:30:00+03:30
USD
Low Impact Expected
Richmond Manufacturing Index
-10
-6
-11
Source: Federal Reserve Bank of Richmond (latest release) | Measures: Level of a composite index based on surveyed manufacturers in Richmond; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the fourth Tuesday of the current month; | Next Release: Jun 26, 2007 | FF Notes: Above 0 indicates improving conditions, below indicates worsening conditions. Tends to have a muted impact because there are earlier regional indicators related to manufacturing conditions; | Derived Via: Survey of about 75 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment; | Also Called: Richmond Fed Index, Manufacturing Activity Index, Composite Manufacturing Index;
2007-05-22T23:59:59+03:30
CNY
Non-Economic
Bank Holiday
null
null
null
Description: Chinese banks will be closed in observance of the Dragon Boat Festival; | Usual Effect: Low liquidity and irregular volatility; | Next Release: Sep 25, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
2007-05-23T01:30:00+03:30
USD
Medium Impact Expected
Fed Chairman Bernanke Speaks
null
null
null
Description: Due to speak about recognizing leadership at the Princeton Prize in Race Relations Awards Program, in Washington DC; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Chairman Ben Bernanke; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Jun 5, 2007 | FF Notes: Fed Chairman Feb 2006 - Jan 2014. Fed Governor Feb 2002 - Jan 2014. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; | Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Federal Reserve (Fed);
2007-05-23T03:20:00+03:30
JPY
Low Impact Expected
All Industries Activity m/m
-1.4%
-0.2%
0.9%
Source: METI (latest release) | Measures: Change in the total value of goods and services purchased by businesses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Jun 20, 2007 | FF Notes: Source discontinued this data in Sep 2020; | Why Traders Care: It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment;
2007-05-23T04:00:00+03:30
AUD
Low Impact Expected
MI Leading Index m/m
0.2%
null
0.7%
Source: Melbourne Institute (latest release) | Measures: Change in the level of a composite index based on 9 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually the third Wednesday after the month ends; | Next Release: Jun 20, 2007 | FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Full reports are only available to Melbourne Institute subscribers; | Derived Via: Combined reading of 9 economic indicators related to consumer confidence, housing, stock market prices, unemployment expectations, hours worked, commodity prices, and interest rate spreads; | Also Called: Westpac/MI Indexes of Economic Activity, Westpac Leading Index; | Acro Expand: Melbourne Institute (MI);
2007-05-23T11:30:00+03:30
EUR
Low Impact Expected
Italian Retail Sales m/m
0.5%
0.2%
0.2%
Source: Istat (latest release) | Measures: Change in the total value of sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Jun 21, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
2007-05-23T12:00:00+03:30
GBP
High Impact Expected
MPC Official Bank Rate Votes
9-0-0
8-0-1
2-0-7
Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly; | Next Release: Jun 20, 2007 | FF Notes: The vote is reported in an 'X-X-X' format - the first number is how many MPC members voted to increase interest rates, the second number is how many voted to decrease rates, and the third is how many voted to hold rates; | Why Traders Care: The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future; | Acro Expand: Monetary Policy Committee (MPC);
2007-05-23T12:30:00+03:30
EUR
Medium Impact Expected
Industrial New Orders m/m
2.7%
1.0%
-0.6%
Source: Eurostat (latest release) | Measures: Change in the total value of new purchase orders placed with manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 55 days after the month ends; | Next Release: Jun 22, 2007 | FF Notes: Source discontinued this data in May 2012; | Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
2007-05-23T12:37:00+03:30
EUR
Low Impact Expected
German 10-y Bond Auction
4.36|1.7
null
4.11|1.8
Source: Bundesbank (latest release) | Measures: Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction; | Usual Effect: No consistent effect - there are both risk and growth implications; | Frequency: Variable, about 11 times per year; | Next Release: Jul 4, 2007 | FF Notes: Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released; | Why Traders Care: Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence; | Also Called: Bund Auction;
2007-05-23T16:00:00+03:30
CAD
Low Impact Expected
Leading Index m/m
0.4%
0.4%
0.4%
Source: Statistics Canada (latest release) | Measures: Change in the level of a composite index based on 10 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 19 days after the month ends; | Next Release: Jun 20, 2007 | FF Notes: Source discontinued this data in May 2012; | Derived Via: Combined reading of 10 economic indicators related to employment, production, new orders, consumer confidence, housing, stock market prices, money supply, and interest rate spreads; | Also Called: Leading Indicators;
2007-05-23T18:00:00+03:30
USD
Low Impact Expected
Crude Oil Inventories
2.0M
0.6M
1.1M
Source: Energy Information Administration (latest release) | Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 4 days after the week ends; | Next Release: May 31, 2007 | FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; | Why Traders Care: It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility; | Also Called: Crude Stocks, Crude Levels; | Acro Expand: Energy Information Administration (EIA);
2007-05-23T19:15:00+03:30
USD
Medium Impact Expected
Treasury Sec Paulson Speaks
null
null
null
Description: Due to hold a press conference at the conclusion of the Strategic Economic Dialogue meeting with Chinese officials, in Washington DC; | Source: US Department of the Treasury (latest release) | Speaker: US Treasury Secretary Henry Paulson; | Next Release: Jun 5, 2007 | FF Notes: US Treasury Secretary Jul 2006 - Jan 2009. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar; | Why Traders Care: It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | Also Called: Hank Paulson;
2007-05-23T20:30:00+03:30
USD
Low Impact Expected
FOMC Member Kroszner Speaks
null
null
null
Description: Due to deliver a speech titled "Truth and Lending Open-End Rules Review" at the George Washington University School of Business Mortgage Policy Forum, in Washington DC; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Randall Kroszner; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Jun 1, 2007 | FF Notes: FOMC voting member Mar 2006 - Jan 2009; | Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
2007-05-24T00:00:00+03:30
USD
Medium Impact Expected
Unemployment Claims
311K
305K
296K
Source: Department of Labor (latest release) | Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, usually on the first Thursday after the week ends; | Next Release: May 31, 2007 | FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Initial Claims;
2007-05-24T00:00:00+03:30
USD
High Impact Expected
Core Durable Goods Orders m/m
1.5%
0.5%
0.3%
Source: Census Bureau (latest release) | Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 26 days after the month ends; | Next Release: Jun 27, 2007 | FF Notes: This data is usually revised via the Factory Orders report released about a week later. Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends; | Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders; | Also Called: Durable Goods Orders Ex Transportation;
2007-05-24T00:00:00+03:30
USD
Medium Impact Expected
Durable Goods Orders m/m
0.6%
0.9%
5.0%
Source: Census Bureau (latest release) | Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 26 days after the month ends; | Next Release: Jun 27, 2007 | FF Notes: This data is usually revised via the Factory Orders report released about a week later. Durable goods are defined as hard products having a life expectancy of more than 3 years, such as automobiles, computers, appliances, and airplanes; | Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
2007-05-24T02:15:00+03:30
NZD
High Impact Expected
Trade Balance
-212M
-100M
62M
Source: Statistics New Zealand (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 22 days after the month ends; | Next Release: Jun 27, 2007 | FF Notes: A positive number indicates that more goods were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: Overseas Merchandise Trade;
2007-05-24T03:20:00+03:30
JPY
Low Impact Expected
Trade Balance
1.03T
0.85T
1.12T
Source: Ministry of Finance (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Jun 21, 2007 | FF Notes: This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. A positive number indicates that more goods were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: Adjusted Merchandise Trade Balance;
2007-05-24T09:30:00+03:30
EUR
Low Impact Expected
German Final GDP q/q
0.5%
0.5%
0.5%
Source: Destatis (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 55 days after the quarter ends; | Next Release: Aug 23, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. As of May 2003 there are 2 versions of this report released about 10 days apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact; | Acro Expand: Gross Domestic Product (GDP);
2007-05-24T10:45:00+03:30
CHF
Medium Impact Expected
Employment Level
3.71M
3.71M
3.70M
Source: Federal Statistical Office (latest release) | Measures: Number of employed people during the previous quarter; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 55 days after the quarter ends; | Next Release: Aug 23, 2007 | FF Notes: Source discontinued this data in Aug 2015; | Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
2007-05-24T11:30:00+03:30
EUR
High Impact Expected
German ifo Business Climate
108.6
108.9
108.6
Source: ifo Institute (latest release) | Measures: Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Jun 22, 2007 | FF Notes: This survey is highly respected due to its large sample size and historic correlation with German and wider Eurozone economic conditions. It tends to create a hefty market impact upon release. Source changed series from a base year of 2000 to a base year of 2005, as of May 2011, and changed series to include services, as of Apr 2018; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; | Derived Via: Survey of about 9,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months; | Acro Expand: Information and Forschung (ifo);
2007-05-24T12:00:00+03:30
GBP
Medium Impact Expected
Prelim Business Investment q/q
-1.3%
2.1%
4.5%
Source: Office for National Statistics (latest release) | Measures: Change in the total inflation-adjusted value of capital investments made by businesses and the government; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 40 days after the quarter ends; | Next Release: Aug 23, 2007 | FF Notes: Source changed series calculation formula as of Nov 2014; | Why Traders Care: It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings; | Also Called: Total Business Investment;
2007-05-24T12:30:00+03:30
CHF
Medium Impact Expected
UBS Economic Expectations
0.0
null
-3.5
Source: UBS AG (latest release) | Measures: Level of a diffusion index based on surveyed institutional investors and analysts; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around about 26 days after the month ends; | Next Release: Jun 21, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism; | Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; | Derived Via: Survey of about 30 institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Switzerland; | Also Called: CFA/UBS Economic Expectations; | Acro Expand: Union Bank of Switzerland (UBS), Chartered Financial Analysts (CFA);
2007-05-24T13:22:00+03:30
GBP
Low Impact Expected
10-y Bond Auction
5.16|2.2
null
4.90|2.2
Source: Debt Management Office (latest release) | Measures: Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction; | Usual Effect: No consistent effect - there are both risk and growth implications; | Frequency: Variable, about 11 times per year; | Next Release: Aug 9, 2007 | FF Notes: Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released; | Why Traders Care: Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence; | Also Called: Gilt Auction, Treasury Auction;
2007-05-24T13:30:00+03:30
GBP
Medium Impact Expected
CBI Industrial Order Expectations
5
3
2
Source: Confederation of British Industry (latest release) | Measures: Level of a diffusion index based on surveyed manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Jun 21, 2007 | FF Notes: Above 0 indicates increasing order volume is expected, below indicates expectations are for lower volume; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their expectations can be an early signal of future economic activity such as spending, hiring, and investment; | Derived Via: Survey of about 250 manufacturers which asks respondents to rate the relative level of order volume expected during the next 3 months; | Also Called: Industrial Trends Survey; | Acro Expand: Confederation of British Industry (CBI);