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
β | Forecast
stringlengths 1
8
β | Previous
stringlengths 1
9
β | Detail
stringlengths 106
1.37k
β |
---|---|---|---|---|---|---|---|
2007-09-21T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Flash Services PMI
|
54.0
|
57.6
|
58.0
|
Source: S&P Global (latest release) | Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Oct 24, 2007 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart β Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; | Derived Via: Survey of about 5,000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; | Acro Expand: Purchasing Managers' Index (PMI);
|
2007-09-21T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Current Account
|
1.7B
|
3.7B
|
7.3B
|
Source: European Central Bank (latest release) | Measures: Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Oct 24, 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. The goods portion has no impact because it's a duplicate of the Trade Balance data released about a week earlier; | Why Traders Care: It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the region;
|
2007-09-21T00:00:00+03:30
|
CAD
|
Medium Impact Expected
|
Retail Sales m/m
|
-0.8%
|
0.0%
|
-1.1%
|
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: Oct 23, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2007-09-21T02:15:00+03:30
|
NZD
|
Low Impact Expected
|
Visitor Arrivals m/m
|
3.8%
| null |
-1.7%
|
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: Oct 19, 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;
|
2007-09-21T03:20:00+03:30
|
JPY
|
Low Impact Expected
|
All Industries Activity m/m
|
-0.4%
|
-0.3%
|
0.2%
|
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: Oct 19, 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;
|
2007-09-21T05:00:00+03:30
|
AUD
|
Low Impact Expected
|
New Motor Vehicle Sales m/m
|
-1.9%
| null |
0.5%
|
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: Oct 19, 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;
|
2007-09-21T06:30:00+03:30
|
NZD
|
Low Impact Expected
|
Credit Card Spending y/y
|
8.4%
| null |
7.8%
|
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: Oct 19, 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;
|
2007-09-21T11:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Flash Manufacturing PMI
|
53.2
|
54.0
|
54.3
|
Source: S&P Global (latest release) | Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Oct 24, 2007 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart β Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; | Derived Via: Survey of about 5,000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; | Acro Expand: Purchasing Managers' Index (PMI);
|
2007-09-21T12:30:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Mishkin Speaks
| null | null | null |
Description: Due to speak about monetary policy at the Deutsche Bundesbank conference, in Frankfurt. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Frederic Mishkin; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Sep 28, 2007 | FF Notes: FOMC voting member Sep 2006 - Aug 2008; | 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;
|
2007-09-21T15:30:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Kohn Speaks
| null | null | null |
Description: Due to speak about the history of monetary policy at the Deutsche Bundesbank conference, in Frankfurt. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Donald Kohn; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 5, 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;
|
2007-09-21T16:00:00+03:30
|
CAD
|
High Impact Expected
|
Core Retail Sales m/m
|
-0.3%
|
0.4%
|
-0.2%
|
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: Oct 23, 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;
|
2007-09-21T18:30:00+03:30
|
CHF
|
Low Impact Expected
|
SNB Chairman Roth Speaks
| null | null | null |
Description: Due to deliver a speech titled "Allocution introductive" at the Fondation Jean Monnet pour l'Europe, in Lausanne; | Source: Swiss National Bank (latest release) | Speaker: SNB Governing Board Chairman Jean-Pierre Roth; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 31, 2007 | FF Notes: SNB Chairman Jan 2001 - Dec 2009. Volatility is sometimes 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: Swiss National Bank (SNB);
|
2007-09-21T20:30:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Warsh Speaks
| null | null | null |
Description: Due to speak about financial markets, in Albany. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Kevin Warsh; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 6, 2007 | FF Notes: FOMC voting member Feb 2006 - Mar 2011; | 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;
|
2007-09-24T02:31:00+03:30
|
GBP
|
Low Impact Expected
|
BOE Quarterly Bulletin
| null | null | null |
Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released quarterly; | Next Release: Dec 17, 2007 | FF Notes: Tends to have a muted impact because some parts of the bulletin are released early; | Why Traders Care: This release includes commentary on market developments and monetary policy operations, along with reports on a range of domestic and international economic issues, market research, and market analysis; | Acro Expand: Bank of England (BOE);
|
2007-09-24T12:00:00+03:30
|
GBP
|
Low Impact Expected
|
Public Sector Net Borrowing
|
9.1B
|
6.5B
|
-6.3B
|
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: Oct 18, 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;
|
2007-09-24T12:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Industrial New Orders m/m
|
-4.0%
|
-2.8%
|
4.5%
|
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: Oct 23, 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;
|
2007-09-24T16:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Belgian NBB Business Climate
|
1.5
|
2.5
|
3.3
|
Source: National Bank of Belgium (latest release) | Measures: Level of a composite index based on surveyed manufacturers, builders, services, and trade-related firms; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 3 weeks into the current month; | Next Release: Oct 24, 2007 | FF Notes: Above 0.0 indicates improving conditions, below indicates worsening conditions. This survey is highly respected due to its source and large sample size. Source changed series calculation formula as of April 2009; | 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 3,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 3 months; | Also Called: Business Confidence Gross Synthetic Curve; | Acro Expand: National Bank of Belgium (NBB);
|
2007-09-24T19:30:00+03:30
|
CHF
|
Medium Impact Expected
|
Gov Board Member Hildebrand Speaks
| null | null | null |
Description: Due to deliver a speech titled "The Productivity Imperative," in Zurich; | Source: Swiss National Bank (latest release) | Speaker: SNB Governing Board Vice-Chairman Philip Hildebrand; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 1, 2007 | FF Notes: Governing Board member Jul 2003 - Jul 2015. He will be promoted to the Chairman position in Jan 2010; | Why Traders Care: SNB Governing Board members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Swiss National Bank (SNB);
|
2007-09-24T20:00:00+03:30
|
GBP
|
Medium Impact Expected
|
MPC Member Sentance Speaks
| null | null | null |
Description: Due to deliver a speech titled "The Global Economy and UK Inflation" at the Leeds Financial Services Seminar, in Leeds; | Source: Bank of England (latest release) | Speaker: External BOE MPC Member Andrew Sentance; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Nov 27, 2007 | FF Notes: MPC voting member Oct 2006 - May 2011; | Why Traders Care: BOE MPC 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;
|
2007-09-24T20:30:00+03:30
|
USD
|
High Impact Expected
|
Fed Chairman Bernanke Speaks
| null | null | null |
Description: Due to deliver a speech titled "Education and Economic Competitiveness" at the US Chamber of Commerce Education and Workforce Summit, 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: Oct 12, 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);
|
2007-09-24T23:59:59+03:30
|
JPY
|
Non-Economic
|
Bank Holiday
| null | null | null |
Description: Japanese banks will be closed in observance of Autumnal Equinox Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: Oct 8, 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;
|
2007-09-25T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Italian Retail Sales m/m
|
-0.1%
|
0.1%
|
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: Oct 23, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2007-09-25T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
SPPI y/y
|
1.0%
|
1.6%
|
1.4%
|
Source: Bank of Japan (latest release) | Measures: Change in the price of services purchased by corporations; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 25 days after the month ends; | Next Release: Oct 25, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer; | Also Called: CSPI; | Acro Expand: Services Producer Price Index (SPPI), Corporate Services Price Index (CSPI);
|
2007-09-25T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Richmond Manufacturing Index
|
14
|
5
|
7
|
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: Oct 23, 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;
|
2007-09-25T00:00:00+03:30
|
USD
|
High Impact Expected
|
Existing Home Sales
|
5.50M
|
5.50M
|
5.75M
|
Source: National Association of Realtors (latest release) | Measures: Annualized number of residential buildings that were sold during the previous month, excluding new construction; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Oct 24, 2007 | FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12); | Why Traders Care: It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; | Also Called: Home Resales;
|
2007-09-25T00:00:00+03:30
|
EUR
|
High Impact Expected
|
German ifo Business Climate
|
104.2
|
105.0
|
105.8
|
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: Oct 25, 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);
|
2007-09-25T00:00:00+03:30
|
USD
|
Low Impact Expected
|
S&P/CS Composite-20 HPI y/y
|
-3.9%
|
-4.0%
|
-3.4%
|
Source: Standard & Poor's (latest release) | Measures: Change in the selling price of single-family homes in 20 metropolitan areas; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 60 days after the month ends; | Next Release: Oct 30, 2007 | FF Notes: This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator; | Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; | Also Called: S&P Corelogic CS Indices; | Acro Expand: Standard & Poor's (S&P), Case-Shiller (CS), House Price Index (HPI);
|
2007-09-25T00:00:01+03:30
|
EUR
|
Low Impact Expected
|
French Consumer Spending m/m
|
1.0%
|
0.3%
|
0.9%
|
FF Notice: There will be 2 simultaneous releases as the source skipped the data release last month. This data pertains to the month of July; | Source: INSEE (latest release) | Measures: Change in the inflation-adjusted value of all goods expenditures by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 27 days after the month ends; | Next Release: Sep 25, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2007-09-25T03:20:00+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: Nov 5, 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);
|
2007-09-25T04:30:00+03:30
|
AUD
|
Medium Impact Expected
|
RBA Deputy Gov Battellino Speaks
| null | null | null |
Description: Due to speak about financial trends at the 12th Banking and Finance Conference, in Melbourne; | Source: Reserve Bank of Australia (latest release) | Speaker: RBA Deputy Governor Ric Battellino; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Dec 12, 2007 | FF Notes: Reserve Bank Board member Feb 2007 - Feb 2012; | Why Traders Care: RBA Board members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Reserve Bank of Australia (RBA);
|
2007-09-25T09:30:00+03:30
|
EUR
|
Low Impact Expected
|
German Import Prices m/m
|
-0.7%
|
0.0%
|
0.3%
|
Source: Destatis (latest release) | Measures: Change in the price of imported goods purchased domestically; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 26 days after the month ends; | Next Release: Oct 25, 2007 | Why Traders Care: It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods; | Also Called: Import Price Index;
|
2007-09-25T10:15:00+03:30
|
EUR
|
Low Impact Expected
|
French Consumer Spending m/m
|
0.9%
|
0.2%
|
1.6%
|
FF Notice: There will be 2 simultaneous releases as the source skipped the data release last month. This data pertains to the month of August; | Source: INSEE (latest release) | Measures: Change in the inflation-adjusted value of all goods expenditures by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 27 days after the month ends; | Next Release: Oct 23, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2007-09-25T11:30:00+03:30
|
CHF
|
Medium Impact Expected
|
UBS Consumption Indicator
|
1.93
| null |
2.26
|
Source: UBS AG (latest release) | Measures: Level of a composite index based on 5 consumer-based economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 27 days after the month ends; | Next Release: Oct 30, 2007 | FF Notes: Source discontinued this data in Jan 2018; | Derived Via: Combined reading of 5 economic indicators including consumer confidence, consumer spending, tourism, new car sales, and retail activity;
|
2007-09-25T12:00:00+03:30
|
GBP
|
Low Impact Expected
|
Revised Business Investment q/q
|
0.4%
|
0.8%
|
0.8%
|
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 90 days after the quarter ends; | Next Release: Dec 18, 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 report released about a month apart β 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 - 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;
|
2007-09-25T12:30:00+03:30
|
EUR
|
Low Impact Expected
|
Italian Trade Balance
|
1.81B
|
1.42B
|
0.40B
|
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: Oct 19, 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;
|
2007-09-25T16:30:00+03:30
|
NZD
|
Low Impact Expected
|
Westpac Consumer Sentiment
|
113.5
| null |
111.4
|
Source: Westpac Banking Corporation (latest release) | Measures: Level of a diffusion index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 80 days into the current quarter; | Next Release: Dec 19, 2007 | FF Notes: Above 100.0 indicates optimism, below indicates pessimism; | 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 1,500 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation; | Also Called: Westpac/McDermott Miller Consumer Confidence;
|
2007-09-25T17:30:00+03:30
|
USD
|
High Impact Expected
|
CB Consumer Confidence
|
99.8
|
104.5
|
105.6
|
Source: The Conference Board Inc. (latest release) | Measures: Level of a composite index based on surveyed households; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the last Tuesday of the current month; | Next Release: Oct 30, 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 3,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation; | Acro Expand: The Conference Board (CB);
|
2007-09-25T23:59:59+03:30
|
CNY
|
Non-Economic
|
Bank Holiday
| null | null | null |
Description: Chinese banks will be closed in observance of Mid-Autumn Festival; | Usual Effect: Low liquidity and irregular volatility; | Next Release: Oct 1, 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;
|
2007-09-26T00:00:00+03:30
|
GBP
|
Medium Impact Expected
|
BOE Credit Conditions Survey
| null | null | null |
Source: Bank of England (latest release) | Frequency: Released quarterly, around 15 days after the quarter ends; | Next Release: Jan 3, 2008 | FF Notes: This report includes detailed data on secured and unsecured lending to households, small businesses, non-financial corporations, and non-bank financial firms. Source first released in Sep 2007; | Why Traders Care: It's correlated with spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers and businesses are confident in their financial position and eager to spend money; | Derived Via: Survey of bank and non-bank lenders which asks respondents to rate the relative level of credit conditions in the past 3 months and next 3 months; | Acro Expand: Bank of England (BOE);
|
2007-09-26T00:00:00+03:30
|
GBP
|
Low Impact Expected
|
Final GDP q/q
|
0.8%
|
0.8%
|
0.8%
|
Source: Office for National Statistics (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 85 days after the quarter ends; | Next Release: Dec 20, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Prelim release and therefore the 'History' data will appear unconnected. There are 2 versions of quarterly GDP released about 45 days apart β Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: GDP Second Estimate, National Accounts; | Acro Expand: Gross Domestic Product (GDP);
|
2007-09-26T00:00:00+03:30
|
USD
|
Medium Impact Expected
|
Durable Goods Orders m/m
|
-4.9%
|
-3.8%
|
6.1%
|
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: Oct 25, 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;
|
2007-09-26T02:15:00+03:30
|
NZD
|
High Impact Expected
|
Trade Balance
|
-945M
|
-903M
|
-813M
|
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: Oct 29, 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;
|
2007-09-26T03:20:00+03:30
|
JPY
|
Low Impact Expected
|
Trade Balance
|
1.14T
|
0.74T
|
0.88T
|
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: Oct 24, 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;
|
2007-09-26T03:30:00+03:30
|
AUD
|
Low Impact Expected
|
CB Leading Index m/m
|
0.3%
| null |
0.4%
|
Source: The Conference Board Inc. (latest release) | Measures: Change in the level of a composite index based on 7 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 50 days after the month ends; | Next Release: Oct 26, 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; | Derived Via: Combined reading of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads; | Also Called: Leading Indicators; | Acro Expand: The Conference Board (CB);
|
2007-09-26T09:30:00+03:30
|
EUR
|
Low Impact Expected
|
German GfK Consumer Climate
|
6.8
|
7.0
|
7.4
|
Source: NIQ (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 end of the current month; | Next Release: Oct 26, 2007 | FF Notes: Above 0 indicates optimism, below indicates pessimism; | 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 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation; | Also Called: Consumer Sentiment;
|
2007-09-26T12:00:00+03:30
|
GBP
|
High Impact Expected
|
Current Account
|
-9.1B
|
-11.5B
|
-10.6B
|
Source: Office for National Statistics (latest release) | Measures: Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 85 days after the quarter ends; | Next Release: Dec 20, 2007 | FF Notes: The goods portion has no impact because it's a duplicate of the monthly Trade Balance data; | Why Traders Care: It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
|
2007-09-26T13:00:00+03:30
|
CHF
|
Medium Impact Expected
|
KOF Economic Barometer
|
2.14
|
2.00
|
2.12
|
Source: KOF Economic Research Agency (latest release) | Measures: Level of a composite index based on 219 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the end of the current month; | Next Release: Oct 31, 2007 | FF Notes: This index is designed to predict the direction of the economy over the next 6 months. Source changed series calculation formula as of April 2006 and April 2014; | Derived Via: Combined reading of 219 economic indicators related to banking confidence, production, new orders, consumer confidence, exchange rate, money supply, interest rate spreads, stock market prices, and housing; | Also Called: KOF Leading Indicators, Konjunkturbarometer;
|
2007-09-26T16:00:00+03:30
|
USD
|
High Impact Expected
|
Core Durable Goods Orders m/m
|
-1.8%
|
-1.0%
|
3.4%
|
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: Oct 25, 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;
|
2007-09-26T18:00:00+03:30
|
USD
|
Medium Impact Expected
|
Crude Oil Inventories
|
1.8M
|
-2.1M
|
-3.9M
|
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: Oct 3, 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);
|
2007-09-27T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Final GDP Price Index q/q
|
2.6%
|
2.7%
|
2.7%
|
Source: Bureau of Economic Analysis (latest release) | Measures: Annualized 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 85 days after the quarter ends; | Next Release: Dec 20, 2007 | FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected; | Also Called: GDP Deflator; | Acro Expand: Gross Domestic Product (GDP);
|
2007-09-27T00:00:00+03:30
|
GBP
|
Low Impact Expected
|
Index of Services 3m/3m
|
1.0%
|
0.8%
|
0.9%
|
Source: Office for National Statistics (latest release) | Measures: Change in the total GVA of the private and government services sectors; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Oct 19, 2007 | FF Notes: GVA is the difference between the value of a service provided and the value of the goods and services used to provide the service; | Acro Expand: Gross Value Added (GVA);
|
2007-09-27T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Private Loans y/y
|
11.2%
|
11.2%
|
11.0%
|
Source: European Central Bank (latest release) | Measures: Change in the total value of new loans issued to consumers and businesses in the private sector; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 28 days after the month ends; | Next Release: Oct 26, 2007 | Why Traders Care: Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money;
|
2007-09-27T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Retail PMI
|
50.5
| null |
51.0
|
Source: S&P Global (latest release) | Measures: Level of a diffusion index based on surveyed purchasing managers in the retail industry; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 5 days after the month ends; | Next Release: Oct 30, 2007 | FF Notes: Source discontinued this data in Jul 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 around 1,000 purchasing managers in Germany, France, and Italy, which asks respondents to rate the relative level of business conditions including sales, revenue, employment, prices, and inventories; | Acro Expand: Raw Materials Price Index (RMPI);
|
2007-09-27T00:00:00+03:30
|
USD
|
Medium Impact Expected
|
Unemployment Claims
|
298K
|
315K
|
313K
|
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: Oct 4, 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;
|
2007-09-27T02:15:00+03:30
|
NZD
|
Medium Impact Expected
|
Building Consents m/m
|
5.8%
| null |
-15.5%
|
Source: Statistics New Zealand (latest release) | Measures: Change in the number of new building approvals issued; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 30, 2007 | Why Traders Care: It's a leading gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it 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; | Also Called: Building Permits;
|
2007-09-27T06:30:00+03:30
|
NZD
|
Medium Impact Expected
|
ANZ Business Confidence
|
-26.5
| null |
-33.8
|
Source: ANZ (latest release) | Measures: Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly around the end of the current month; | Next Release: Oct 31, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism. There were 2 versions of this report between Apr 2020 - Jun 2021 and Sep 2021 - Nov 2021, Prelim and Final. The 'Previous' listed between that period is the 'Actual' from the Prelim release and therefore the 'History' data appears unconnected; | 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 2,000 businesses which asks respondents to rate the relative 12-month economic outlook;
|
2007-09-27T09:30:00+03:30
|
GBP
|
Medium Impact Expected
|
Nationwide HPI m/m
|
0.7%
|
0.3%
|
0.6%
|
Source: Nationwide Building Society (latest release) | Measures: Change in the selling price of homes with mortgages backed by Nationwide; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the end of the current month; | Next Release: Oct 31, 2007 | FF Notes: This is the UK's second earliest report on housing inflation; | Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; | Also Called: Nationwide House Prices; | Acro Expand: House Price Index (HPI);
|
2007-09-27T11:25:00+03:30
|
EUR
|
Medium Impact Expected
|
German Unemployment Change
|
-59K
|
-55K
|
-26K
|
Source: Federal Employment Agency (latest release) | Measures: Change in the number of unemployed people during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 30, 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; | Also Called: Unemployment;
|
2007-09-27T11:30:00+03:30
|
EUR
|
Low Impact Expected
|
M3 Money Supply y/y
|
11.6%
|
11.7%
|
11.7%
|
Source: European Central Bank (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, about 28 days after the month ends; | Next Release: Oct 26, 2007 | FF Notes: Source changed series calculation formula as of May 2001; | 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;
|
2007-09-27T12:00:00+03:30
|
GBP
|
Medium Impact Expected
|
High Street Lending
|
61.1K
| null |
67.0K
|
Source: UK Finance (latest release) | Measures: Number of new mortgages approved for home purchase by High Street banks during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 24 days after the month ends; | Next Release: Oct 25, 2007 | FF Notes: Source discontinued this data in Jan 2020; | Why Traders Care: It's a leading indicator of housing market demand β most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market; | Also Called: Gross Mortgage Approvals;
|
2007-09-27T12:30:00+03:30
|
CHF
|
Low Impact Expected
|
SNB Quarterly Bulletin
| null | null | null |
Source: Swiss National Bank (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released quarterly; | Next Release: Dec 28, 2007 | FF Notes: Tends to have a mild impact because much of the information is released 2 weeks earlier in the Monetary Policy Assessment; | Acro Expand: Swiss National Bank (SNB);
|
2007-09-27T13:01:00+03:30
|
EUR
|
Low Impact Expected
|
Italian 10-y Bond Auction
|
4.66|1.4
| null |
4.55|1.3
|
Source: Department of Treasury (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 14 times per year; | Next Release: Oct 30, 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: BTP Auction; | Acro Expand: Buoni del Tesoro Poliennali (BTP);
|
2007-09-27T13:30:00+03:30
|
GBP
|
Medium Impact Expected
|
CBI Realized Sales
|
12
|
11
|
15
|
Source: Confederation of British Industry (latest release) | Measures: Level of a diffusion index based on surveyed retailers and wholesalers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the end of the current month; | Next Release: Nov 1, 2007 | FF Notes: Above 0 indicates higher sales volume, below indicates lower. Source changed series calculation formula as of July 2009; | Why Traders Care: It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels; | Derived Via: Survey of about 125 retail and wholesale companies which asks respondents to rate the relative level of current sales volume; | Also Called: Distributive Trades Survey; | Acro Expand: Confederation of British Industry (CBI);
|
2007-09-27T16:00:00+03:30
|
USD
|
Medium Impact Expected
|
Final GDP q/q
|
3.8%
|
3.9%
|
4.0%
|
Source: Bureau of Economic Analysis (latest release) | Measures: Annualized 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 85 days after the quarter ends; | Next Release: Dec 20, 2007 | FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Acro Expand: Gross Domestic Product (GDP);
|
2007-09-27T17:30:00+03:30
|
USD
|
High Impact Expected
|
New Home Sales
|
795K
|
825K
|
867K
|
Source: Census Bureau (latest release) | Measures: Annualized number of new single-family homes that were sold during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the 17th business day after the month ends; | Next Release: Oct 25, 2007 | FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12); | Why Traders Care: It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; | Also Called: New Residential Sales;
|
2007-09-27T18:00:00+03:30
|
USD
|
Low Impact Expected
|
Natural Gas Storage
|
74B
|
73B
|
63B
|
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: Oct 4, 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);
|
2007-09-27T18:25:00+03:30
|
GBP
|
Medium Impact Expected
|
MPC Member Blanchflower Speaks
| null | null | null |
Description: Due to deliver a speech titled "Trends in European Labour Markets" at the Dresdner Kleinwort seminar, in Frankfurt; | Source: Bank of England (latest release) | Speaker: External BOE MPC Member David Blanchflower; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 30, 2007 | FF Notes: MPC voting member Jun 2006 - May 2009; | Why Traders Care: BOE MPC 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;
|
2007-09-27T19:00:00+03:30
|
AUD
|
Medium Impact Expected
|
RBA Deputy Gov Lowe Speaks
| null | null | null |
Description: Due to deliver a speech titled "Financial Globalisation in the Asian Region" at the International Monetary Fund Conference on "Globalisation and Systemic Risk," in Chicago; | Source: Reserve Bank of Australia (latest release) | Speaker: RBA Deputy Governor Philip Lowe; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Jun 4, 2008 | FF Notes: In Feb 2012 his title changed from Assistant Governor (Economic) to Deputy Governor; | Why Traders Care: He's responsible for advising Reserve Bank Board members - who decide where to set the nation's key interest rates - on matters relating to the financial system, and his public engagements are often used to drop subtle clues regarding future policy shifts; | Acro Expand: Reserve Bank of Australia (RBA);
|
2007-09-27T23:59:59+03:30
|
EUR
|
Medium Impact Expected
|
German Prelim CPI m/m
|
0.2%
|
0.0%
|
-0.1%
|
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, around the end of the current month; | Next Release: Oct 30, 2007 | FF Notes: Listed as an 'All Day' event because the 'Actual' is comprised of data from 6 German states which report their CPI throughout the day. There are 2 versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release is the Eurozone's earliest major consumer inflation; | 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);
|
2007-09-28T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
Household Spending y/y
|
1.6%
|
1.1%
|
-0.1%
|
Source: Statistics Bureau (latest release) | Measures: Change in the inflation-adjusted value of all expenditures by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Oct 30, 2007 | Why Traders Care: Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy;
|
2007-09-28T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Personal Income m/m
|
0.3%
|
0.4%
|
0.5%
|
Source: Bureau of Economic Analysis (latest release) | Measures: Change in the total value of income received from all sources by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Nov 1, 2007 | Why Traders Care: Income is correlated with spending - the more disposable income consumers have, the more likely they are to increase spending; | Also Called: Disposable Personal Income;
|
2007-09-28T00:00:00+03:30
|
USD
|
Medium Impact Expected
|
Personal Spending m/m
|
0.6%
|
0.4%
|
0.4%
|
Source: Bureau of Economic Analysis (latest release) | Measures: Change in the inflation-adjusted value of all expenditures by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Nov 1, 2007 | FF Notes: This is significant data, though it tends to have a relatively mild impact because Retail Sales, which also covers consumer spending, is released about 2 weeks earlier; | Why Traders Care: Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy; | Also Called: Consumer Spending, Personal Consumption Expenditures;
|
2007-09-28T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
Unemployment Rate
|
3.6%
|
3.6%
|
3.6%
|
Source: Statistics Bureau (latest release) | Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 30, 2007 | FF Notes: Tends to have a muted impact relative to employment data from other countries because the Japanese economy is more reliant on the industrial sector than personal spending; | Also Called: Jobless Rate;
|
2007-09-28T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
Final Manufacturing PMI
|
49.8
| null |
49.6
|
Source: S&P Global (latest release) | Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the first business day after the month ends; | Next Release: Oct 31, 2007 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart β Flash and Final. The Flash release, which the source first reported in May 2014, is the earliest and thus tends to have the most impact; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; | Derived Via: Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; | Also Called: Jibun Bank Manufacturing PMI; | Acro Expand: Purchasing Managers' Index (PMI);
|
2007-09-28T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Revised UoM Inflation Expectations
|
3.1%
| null |
3.1%
|
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, usually on the last Friday of the current month; | Next Release: Oct 26, 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 data released about 15 days apart β Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more 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 800 consumers which asks respondents where they expect prices to be 12 months in the future; | Acro Expand: University of Michigan (UoM);
|
2007-09-28T00:00:00+03:30
|
JPY
|
Medium Impact Expected
|
Retail Sales y/y
|
0.5%
|
-0.5%
|
-2.3%
|
Source: METI (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 27 days after the month ends; | Next Release: Oct 29, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | Also Called: Retail Trade;
|
2007-09-28T00:00:00+03:30
|
USD
|
High Impact Expected
|
Core PCE Price Index m/m
|
0.1%
|
0.1%
|
0.1%
|
Source: Bureau of Economic Analysis (latest release) | Measures: Change in the price of goods and services purchased by consumers, excluding food and energy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Nov 1, 2007 | FF Notes: Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. CPI is released about 10 days earlier and tends to garner most of the attention; | Why Traders Care: It's the Federal Reserve's primary inflation measure. 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: Personal Consumption Expenditures (PCE), Consumer Price Index (CPI);
|
2007-09-28T00:00:00+03:30
|
CAD
|
Low Impact Expected
|
IPPI m/m
|
-1.0%
|
-0.5%
|
-0.7%
|
Source: Statistics Canada (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 19 days after the month ends; | Next Release: Oct 30, 2007 | FF Notes: Only includes goods produced domestically; | Also Called: Factory Gate Prices, Producer Prices; | Acro Expand: Industrial Product Price Index (IPPI);
|
2007-09-28T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Consumer Confidence
|
-5
|
-4
|
-4
|
Source: Eurostat (latest release) | Measures: Level of a diffusion index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around 22 days into the current month; | Next Release: Oct 31, 2007 | FF Notes: Above 0 indicates optimism, below indicates pessimism. There are 2 versions of this report released about a week apart β Flash and Final. The Flash release, which the source first reported in Jan 2010, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance; | 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 17,500 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, employment, inflation, and climate for major purchases;
|
2007-09-28T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Italian Prelim CPI m/m
|
0.0%
|
0.1%
|
0.2%
|
Source: Istat (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, around the end of the current month; | Next Release: Oct 31, 2007 | FF Notes: There are 2 versions of CPI released about 25 days apart - Preliminary and Final. The Preliminary release is extremely early but has a muted impact due to Italy's relatively small impact on the Eurozone. The Final is not included for lack of significance; | Acro Expand: Consumer Price Index (CPI);
|
2007-09-28T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Construction Spending m/m
|
0.2%
|
-0.2%
|
-0.5%
|
Source: Census Bureau (latest release) | Measures: Change in the total amount builders spent on construction projects; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 31, 2007
|
2007-09-28T00:00:00+03:30
|
CAD
|
Medium Impact Expected
|
RMPI m/m
|
-2.8%
|
-0.9%
|
4.0%
|
Source: Statistics Canada (latest release) | Measures: Change in the price of raw materials purchased by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 19 days after the month ends; | Next Release: Oct 30, 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: Raw Materials Price Index (RMPI);
|
2007-09-28T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
National Core CPI y/y
|
-0.1%
|
-0.1%
|
-0.1%
|
Source: Statistics Bureau (latest release) | Measures: Change in the price of goods and services purchased by consumers, excluding fresh food; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the third Friday of the following month; | Next Release: Oct 26, 2007 | Also Called: Core CPI, National CPI Ex Fresh Food; | Acro Expand: Consumer Price Index (CPI);
|
2007-09-28T02:15:00+03:30
|
NZD
|
High Impact Expected
|
GDP q/q
|
0.7%
|
0.5%
|
1.2%
|
Source: Statistics New Zealand (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 75 days after the quarter ends; | Next Release: Dec 21, 2007 | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Acro Expand: Gross Domestic Product (GDP);
|
2007-09-28T02:30:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Mishkin Speaks
| null | null | null |
Description: Due to deliver a speech titled "Globalization, Macroeconomic Performance and Monetary Policy" at the Domestic Prices in an Integrated World Economy Conference, in Washington DC. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Frederic Mishkin; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Sep 28, 2007 | FF Notes: FOMC voting member Sep 2006 - Aug 2008; | 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;
|
2007-09-28T03:00:00+03:30
|
JPY
|
Medium Impact Expected
|
Tokyo Core CPI y/y
|
-0.1%
|
0.0%
|
0.0%
|
Source: Statistics Bureau (latest release) | Measures: Change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the last Friday of the current month; | Next Release: Oct 26, 2007 | FF Notes: Tokyo is Japan's most populated city and releases CPI data a month ahead of National CPI. This early data is thought to be the most important consumer inflation release. The impact tends to be mild but varies from month to month; | 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 tighten monetary policy out of respect for their inflation containment mandate; | Also Called: Tokyo CPI Ex Fresh Food; | Acro Expand: Consumer Price Index (CPI);
|
2007-09-28T03:20:00+03:30
|
JPY
|
Medium Impact Expected
|
Prelim Industrial Production m/m
|
3.4%
|
3.0%
|
-0.4%
|
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 30 days after the month ends; | Next Release: Oct 26, 2007 | FF Notes: 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;
|
2007-09-28T03:30:00+03:30
|
AUD
|
Low Impact Expected
|
MI Inflation Gauge m/m
|
0.2%
| null |
0.5%
|
Source: Melbourne Institute (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 the first Monday after the month ends; | Next Release: Nov 5, 2007 | FF Notes: This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data. Full reports are only available to Melbourne Institute subscribers; | Acro Expand: Melbourne Institute (MI), Consumer Price Index (CPI);
|
2007-09-28T05:00:00+03:30
|
AUD
|
Medium Impact Expected
|
Private Sector Credit m/m
|
1.5%
|
1.0%
|
1.1%
|
Source: Reserve Bank of Australia (latest release) | Measures: Change in the total value of new credit issued to consumers and businesses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the last business day of the following month; | Next Release: Oct 31, 2007 | Why Traders Care: Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money;
|
2007-09-28T08:30:00+03:30
|
JPY
|
Low Impact Expected
|
Housing Starts y/y
|
-43.3%
|
-16.0%
|
-23.4%
|
Source: MLIT (latest release) | Measures: Change in the number of new residential buildings that began construction; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 31, 2007 | 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; | Acro Expand: Ministry of Land, Infrastructure, Transport, and Tourism (MILT);
|
2007-09-28T09:30:00+03:30
|
EUR
|
Medium Impact Expected
|
German Retail Sales m/m
|
-1.4%
|
0.4%
|
0.6%
|
Source: Destatis (latest release) | Measures: Change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 30 days after the month ends; | Next Release: Oct 31, 2007 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | Also Called: Real Retail Sales;
|
2007-09-28T12:30:00+03:30
|
EUR
|
Medium Impact Expected
|
CPI Flash Estimate y/y
|
2.1%
|
2.0%
|
1.7%
|
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, on the last business day of the current month; | Next Release: Oct 31, 2007 | FF Notes: Eurostat bases this estimate on energy prices and 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart β Flash and Final. The report is extremely early and tends to have a significant impact; | 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);
|
2007-09-28T13:00:00+03:30
|
GBP
|
Low Impact Expected
|
GfK Consumer Confidence
|
-7
|
-5
|
-4
|
Source: NIQ (latest release) | Measures: 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 third Friday of the current month; | Next Release: Oct 31, 2007 | FF Notes: Above 0 indicates optimism, below indicates pessimism; | 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 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation;
|
2007-09-28T16:00:00+03:30
|
CAD
|
High Impact Expected
|
GDP m/m
|
0.2%
|
0.4%
|
0.2%
|
Source: Statistics Canada (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 monthly, about 60 days after the month ends; | Next Release: Oct 31, 2007 | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Acro Expand: Gross Domestic Product (GDP);
|
2007-09-28T17:15:00+03:30
|
USD
|
Medium Impact Expected
|
Chicago PMI
|
54.2
|
53.5
|
53.8
|
Source: ISM-Chicago, Inc (latest release) | Measures: Level of a diffusion index based on surveyed purchasing managers in the Chicago area; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the last business day of the current month; | Next Release: Oct 31, 2007 | FF Notes: Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; | Derived Via: Survey of around 200 purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; | Also Called: Chicago Business Barometer; | Acro Expand: Purchasing Managers' Index (PMI);
|
2007-09-28T17:30:00+03:30
|
USD
|
Medium Impact Expected
|
Revised UoM Consumer Sentiment
|
83.4
|
83.9
|
83.8
|
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, usually on the last Friday of the current month; | Next Release: Oct 26, 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 data released about 15 days apart β Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more 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 800 consumers which asks respondents to rate the relative level of current and future economic conditions; | Acro Expand: University of Michigan (UoM);
|
2007-09-28T20:45:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Mishkin Speaks
| null | null | null |
Description: Due to deliver a speech titled "Globalization and Systemic Risk" at the Chicago Fed's Annual International Banking Conference, in Chicago. Audience questions expected; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Frederic Mishkin; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 4, 2007 | FF Notes: FOMC voting member Sep 2006 - Aug 2008; | 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;
|
2007-09-29T17:30:00+03:30
|
NZD
|
Non-Economic
|
Daylight Saving Time Shift
| null | null | null |
Description: New Zealand enters DST and clocks are moved forward by 1 hour; | Frequency: Twice per year; | Next Release: Apr 5, 2008 | Acro Expand: Daylight Saving Time (DST);
|
2007-09-29T21:30:00+03:30
|
EUR
|
Medium Impact Expected
|
ECB President Trichet Speaks
| null | null | null |
Description: Due to deliver a speech titled "Challenges to the International Monetary System: Rebalancing Currencies, Institutions and Rules" at the Salzburg Seminar, in Austria; | Source: European Central Bank (latest release) | Speaker: ECB President Jean-Claude Trichet; | Next Release: Sep 30, 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);
|
2007-09-30T18:00:00+03:30
|
EUR
|
Medium Impact Expected
|
ECB President Trichet Speaks
| null | null | null |
Description: Due to speak at the Central Bank of Malta seminar, in Malta; | Source: European Central Bank (latest release) | Speaker: ECB President Jean-Claude Trichet; | Next Release: Oct 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);
|
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