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
stringlengths 1
8
⌀ | Previous
stringlengths 1
9
⌀ | Detail
stringlengths 106
1.37k
⌀ |
|---|---|---|---|---|---|---|---|
2008-09-16T13:07:00+04:30
|
GBP
|
Low Impact Expected
|
ONS HPI y/y
|
-0.3%
|
-2.0%
|
0.6%
|
FF Notice: Source released data 7 minutes later than scheduled; | Source: Office for National Statistics (latest release) | Measures: Change in the selling price of homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Oct 14, 2008 | FF Notes: Source discontinued this data in May 2016; | Acro Expand: House Price Index (HPI), Office for National Statistics (ONS);
|
2008-09-16T13:30:00+04:30
|
EUR
|
High Impact Expected
|
Final CPI y/y
|
3.8%
|
3.8%
|
3.8%
|
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: Oct 15, 2008 | 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);
|
2008-09-16T14:00:00+04:30
|
GBP
|
High Impact Expected
|
BOE Inflation Letter
| null | null | null |
Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Next Release: Dec 16, 2008 | FF Notes: The letter is only issued when the latest CPI y/y is above 3.0% or below 1.0%, but can only be released once every 3 months; | Why Traders Care: It gives insight into the future of monetary policy - when CPI y/y moves more than 1% from the mandated target rate of 2%, the BOE Governor is required to write an open letter to the chancellor of the exchequer explaining what is being done to address the situation; | Acro Expand: Bank of England (BOE), Consumer Price Index (CPI);
|
2008-09-16T15:30:00+04:30
|
EUR
|
Medium Impact Expected
|
German Buba President Weber Speaks
| null | null | null |
Description: Due to speak at the 5th Bundesbank Lecture, in Frankfurt; | Source: Bundesbank (latest release) | Speaker: Deutsche Bundesbank President Axel Weber; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Sep 26, 2008 | FF Notes: Deutsche Bundesbank President and voting member of the ECB Governing Council Apr 2004 - Apr 2011. He's believed to be one of the most influential members of the council; | Why Traders Care: ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Deutsche Bundesbank (Buba), European Central Bank (ECB);
|
2008-09-16T17:00:00+04:30
|
CAD
|
Medium Impact Expected
|
Manufacturing Sales m/m
|
2.7%
|
1.0%
|
1.9%
|
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: Oct 16, 2008 | 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;
|
2008-09-16T17:30:00+04:30
|
USD
|
High Impact Expected
|
TIC Long-Term Purchases
|
6.1B
|
55.0B
|
53.4B
|
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: Oct 16, 2008 | 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);
|
2008-09-16T19:30:00+04:30
|
CHF
|
Medium Impact Expected
|
Gov Board Member Hildebrand Speaks
| null | null | null |
Description: Due to speak about financial stability at the HEC Inaugural Meeting of the Academic Year, in Lausanne; | 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: Nov 5, 2008 | 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);
|
2008-09-16T21:30:00+04:30
|
USD
|
Low Impact Expected
|
NAHB Housing Market Index
|
18
|
17
|
16
|
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: Oct 16, 2008 | 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);
|
2008-09-16T22:44:00+04:30
|
USD
|
High Impact Expected
|
Federal Funds Rate
|
2.00%
|
2.00%
|
2.00%
|
FF Notice: Source released decision 1 minute earlier than scheduled; | Source: Federal Reserve (latest release) | Measures: Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Scheduled 8 times per year; | Next Release: Oct 8, 2008 | FF Notes: The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future; | 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: FOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement; | Also Called: Interest Rates, Fed Funds Rate; | Acro Expand: Federal Open Market Committee (FOMC);
|
2008-09-17T00:00:00+04:30
|
USD
|
Medium Impact Expected
|
Housing Starts
|
0.90M
|
0.95M
|
0.95M
|
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: Oct 17, 2008 | 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;
|
2008-09-17T00:00:00+04:30
|
USD
|
High Impact Expected
|
Building Permits
|
0.85M
|
0.93M
|
0.94M
|
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: Oct 17, 2008 | 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;
|
2008-09-17T00:00:00+04:30
|
EUR
|
Low Impact Expected
|
Trade Balance
|
-6.4B
|
-3.5B
|
-3.5B
|
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: Oct 17, 2008 | 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;
|
2008-09-17T00:00:00+04:30
|
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: Oct 7, 2008 | 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);
|
2008-09-17T00:00:00+04:30
|
GBP
|
Medium Impact Expected
|
Average Earnings Index 3m/y
|
3.5%
|
3.4%
|
3.4%
|
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: Oct 15, 2008 | 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;
|
2008-09-17T00:00:00+04:30
|
GBP
|
Low Impact Expected
|
Unemployment Rate
|
5.5%
|
5.4%
|
5.4%
|
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: Oct 15, 2008 | 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;
|
2008-09-17T00:00:00+04:30
|
USD
|
Medium Impact Expected
|
Current Account
|
-183B
|
-180B
|
-176B
|
Source: Bureau of Economic Analysis (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 75 days after the quarter ends; | Next Release: Dec 17, 2008 | FF Notes: The goods and services 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; | Also Called: International Transactions;
|
2008-09-17T00:00:00+04:30
|
GBP
|
High Impact Expected
|
MPC Official Bank Rate Votes
|
0-1-8
|
1-1-7
|
1-1-7
|
Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly; | Next Release: Oct 22, 2008 | 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);
|
2008-09-17T04:00:00+04:30
|
AUD
|
Low Impact Expected
|
RBA Annual Report
| null | null | null |
Source: Reserve Bank of Australia (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released annually; | Next Release: Sep 17, 2009 | 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. Report provides a summary of the prior year's operations including the bank's open market transactions, financial statements, currency operations, and internal management; | Acro Expand: Reserve Bank of Australia (RBA);
|
2008-09-17T05:00:00+04:30
|
AUD
|
Low Impact Expected
|
MI Leading Index m/m
|
0.2%
| null |
0.1%
|
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: Oct 15, 2008 | 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);
|
2008-09-17T07:50:00+04:30
|
AUD
|
Medium Impact Expected
|
RBA Gov Stevens Speaks
| null | null | null |
Description: Due to speak at the Australian Institute of Company Directors Luncheon, in Sydney; | Source: Reserve Bank of Australia (latest release) | Speaker: RBA Governor Glenn Stevens; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 21, 2008 | FF Notes: RBA Governor Sep 2006 - Sep 2016. 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: Reserve Bank of Australia (RBA);
|
2008-09-17T08:17:00+04:30
|
JPY
|
Medium Impact Expected
|
Monetary Policy Statement
| 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; | Next Release: Oct 7, 2008 | FF Notes: Source does not give an exact release time - the event will be listed as 'Tentative' until the statement is issued. Source first released in Jul 2008. 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 tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes; | Also Called: Interest Rate Statement; | Acro Expand: Bank of Japan (BOJ);
|
2008-09-17T11:49:00+04:30
|
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: Oct 7, 2008 | 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);
|
2008-09-17T13:00:00+04:30
|
GBP
|
High Impact Expected
|
Claimant Count Change
|
32.5K
|
22.2K
|
27.8K
|
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: Oct 15, 2008 | 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;
|
2008-09-17T13:30:00+04:30
|
CHF
|
Medium Impact Expected
|
UBS Economic Expectations
|
-44.4
| null |
-79.6
|
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: Oct 16, 2008 | 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);
|
2008-09-17T14:30:00+04:30
|
GBP
|
Medium Impact Expected
|
CBI Industrial Order Expectations
|
-26
|
-14
|
-13
|
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: Oct 21, 2008 | 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);
|
2008-09-17T17:00:00+04:30
|
CAD
|
Medium Impact Expected
|
Foreign Securities Purchases
|
-5.59B
|
5.43B
|
7.28B
|
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: Oct 20, 2008 | 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;
|
2008-09-17T18:30:00+04:30
|
USD
|
Medium Impact Expected
|
FOMC Member Duke Speaks
| null | null | null |
Description: Due to testify on the implementation of the Hope of Homeowners Program and foreclosure mitigation efforts before the House Financial Services Committee, in Washington DC; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Elizabeth Duke; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 23, 2008 | FF Notes: FOMC voting member Aug 2008 - Aug 2013; | 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;
|
2008-09-17T19:05:00+04:30
|
USD
|
Medium Impact Expected
|
Crude Oil Inventories
|
-6.3M
|
-4.3M
|
-5.9M
|
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: Sep 24, 2008 | 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);
|
2008-09-18T00:00:00+04:30
|
USD
|
Low Impact Expected
|
CB Leading Index m/m
|
-0.5%
|
-0.2%
|
-0.7%
|
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: Oct 20, 2008 | 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);
|
2008-09-18T00:00:00+04:30
|
CHF
|
High Impact Expected
|
SNB Monetary Policy Assessment
| null | null | null |
Source: Swiss National Bank (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Scheduled quarterly; | Next Release: Dec 11, 2008 | Why Traders Care: It's the primary tool the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions; | Also Called: Interest Rate Statement, SNB Statement; | Acro Expand: Swiss National Bank (SNB);
|
2008-09-18T00:00:00+04:30
|
JPY
|
Medium Impact Expected
|
BOJ Gov Shirakawa Speaks
| null | null | null |
Description: Due to hold a press conference, in Tokyo; | Source: Bank of Japan (latest release) | Speaker: BOJ Governor Masaaki Shirakawa; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 8, 2008 | FF Notes: BOJ Governor Apr 2008 - Mar 2013. 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 important influence over the nation's currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts; | Acro Expand: Bank of Japan (BOJ);
|
2008-09-18T00:00:00+04:30
|
GBP
|
Low Impact Expected
|
Public Sector Net Borrowing
|
10.4B
|
8.8B
|
-4.8B
|
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 20, 2008 | 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;
|
2008-09-18T00:00:00+04:30
|
USD
|
Medium Impact Expected
|
Unemployment Claims
|
455K
|
440K
|
445K
|
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: Sep 25, 2008 | 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;
|
2008-09-18T00:00:00+04:30
|
CAD
|
Low Impact Expected
|
Leading Index m/m
|
0.2%
|
0.0%
|
0.0%
|
FF Notice: Source corrected 'Actual' data 150 minutes after release; | 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: Oct 22, 2008 | 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;
|
2008-09-18T04:20:00+04:30
|
JPY
|
Medium Impact Expected
|
Tertiary Industry Activity m/m
|
1.2%
|
0.4%
|
-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: Oct 17, 2008 | 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;
|
2008-09-18T06:00:00+04:30
|
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: Oct 15, 2008 | 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);
|
2008-09-18T09:30:00+04:30
|
JPY
|
Medium 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: Oct 8, 2008 | 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);
|
2008-09-18T10:45:00+04:30
|
CHF
|
Low Impact Expected
|
Trade Balance
|
1.43B
|
1.00B
|
2.29B
|
Source: Federal Statistical Office (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 21, 2008 | FF Notes: A positive number indicates that more goods were exported than imported. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported; | 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;
|
2008-09-18T12:30:00+04:30
|
GBP
|
Medium Impact Expected
|
MPC Member Dale Speaks
| null | null | null |
Description: Due to speak at the Dover Chamber of Commerce, in Dover; | Source: Bank of England (latest release) | Speaker: BOE Chief Economist Spencer Dale; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Mar 27, 2009 | FF Notes: MPC voting member Jul 2008 - May 2014; | 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;
|
2008-09-18T13:00:00+04:30
|
GBP
|
High Impact Expected
|
Retail Sales m/m
|
1.2%
|
-0.4%
|
0.9%
|
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: Oct 23, 2008 | 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;
|
2008-09-18T13:03:00+04:30
|
GBP
|
Low Impact Expected
|
M4 Money Supply m/m
|
1.4%
|
0.7%
|
0.9%
|
FF Notice: Source released data 3 minutes later than scheduled; | 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: Oct 20, 2008 | 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;
|
2008-09-18T14:13:00+04:30
|
EUR
|
Low Impact Expected
|
Spanish 10-y Bond Auction
|
4.58|1.3
| null |
4.74|1.4
|
Source: General Secretariat of the 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 10 times per year; | Next Release: Nov 20, 2008 | FF Notes: This event includes bonds with a maturity that is a few years shorter or longer than 10 years, making the data set appear more volatile than the actual 10-year interest rate. 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: Obligaciones Auction;
|
2008-09-18T16:30:00+04:30
|
CHF
|
High Impact Expected
|
Libor Rate
|
2.75%
|
2.75%
|
2.75%
|
FF Notice: Source maintained a target range of 2.25% to 3.25%; | Source: Swiss National Bank (latest release) | Measures: London interest rate for 3-month Swiss franc deposits; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Scheduled quarterly; | Next Release: Oct 8, 2008 | FF Notes: This rate was the SNB's main operating target until it was discontinued in Jun 2019; | 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: SNB Governing Board members come to a consensus on where to set the target range for the rate; | Also Called: Interest Rates, Libor, 3-month Rate; | Acro Expand: London Interbank Offered Rate (Libor), Swiss National Bank (SNB);
|
2008-09-18T17:00:00+04:30
|
CAD
|
Medium Impact Expected
|
Wholesale Sales m/m
|
2.3%
|
0.6%
|
0.1%
|
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: Oct 20, 2008 | 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;
|
2008-09-18T18:30:00+04:30
|
USD
|
Medium Impact Expected
|
Philly Fed Manufacturing Index
|
3.8
|
-10.0
|
-12.7
|
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: Oct 16, 2008 | 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;
|
2008-09-18T19:05:00+04:30
|
USD
|
Low Impact Expected
|
Natural Gas Storage
|
67B
|
61B
|
58B
|
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: Sep 25, 2008 | 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);
|
2008-09-19T00:00:00+04:30
|
NZD
|
Low Impact Expected
|
Visitor Arrivals m/m
|
-0.5%
| null |
2.2%
|
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 22, 2008 | 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;
|
2008-09-19T03:15:00+04:30
|
NZD
|
High Impact Expected
|
Current Account
|
-3.91B
|
-3.42B
|
-2.11B
|
Source: Statistics New Zealand (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 80 days after the quarter ends; | Next Release: Dec 22, 2008 | FF Notes: This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the data most commonly reported. 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;
|
2008-09-19T04:45:00+04:30
|
CAD
|
Medium Impact Expected
|
Gov Council Member Murray Speaks
| null | null | null |
Description: Due to deliver a speech titled "Measuring Inflation: Methodology and Misconceptions" at the Certified General Accountants of Ontario Conference, in Toronto; | Source: Bank of Canada (latest release) | Speaker: BOC Deputy Governor John Murray; | Usual Effect: More hawkish than expected is good for currency; | Next Release: May 19, 2009 | FF Notes: Governing Council member Jan 2008 - Apr 2014; | Why Traders Care: BOC Governing Council 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: Bank of Canada (BOC);
|
2008-09-19T07:30:00+04:30
|
NZD
|
Low Impact Expected
|
Credit Card Spending y/y
|
2.5%
| null |
4.2%
|
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 21, 2008 | 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;
|
2008-09-19T10:30:00+04:30
|
EUR
|
Medium Impact Expected
|
German PPI m/m
|
-0.6%
|
-0.4%
|
2.0%
|
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: Oct 20, 2008 | 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);
|
2008-09-19T18:30:00+04:30
|
USD
|
High Impact Expected
|
Treasury Sec Paulson Speaks
| null | null | null |
FF Notice: Press conference announcement comes as a surprise from source. Event added to calendar 150 minutes before listed time; | Description: Due to hold a press conference to discuss comprehensive plans for financial markets, in Washington DC; | Source: US Department of the Treasury (latest release) | Speaker: US Treasury Secretary Henry Paulson; | Next Release: Sep 23, 2008 | 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;
|
2008-09-21T17:00:00+03:30
|
USD
|
High Impact Expected
|
Fed Announcement
| null | null | null |
FF Notice: For historical accuracy, this event was added to the calendar after its release time; | Description: Fed announces statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies and also authorizes the Federal Reserve Bank of New York to extend credit to the London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley, and Merrill Lynch; | Source: Federal Reserve (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Random; | Next Release: Sep 29, 2008 | FF Notes: In addition to the scheduled FOMC statements, the Fed releases various unscheduled statements - these statements are grouped under this event; | Why Traders Care: It's a tool the FOMC uses to communicate with investors about monetary policy. It contains policy decisions and commentary about economic conditions that impact their decisions; | Also Called: Fed Statement; | Acro Expand: Federal Reserve (Fed);
|
2008-09-21T17:30:00+03:30
|
EUR
|
Low Impact Expected
|
ECB President Trichet Speaks
| null | null | null |
Description: Due to speak at the Slovakia Euro changeover conference, in Bratislava; | Source: European Central Bank (latest release) | Speaker: ECB President Jean-Claude Trichet; | Next Release: Sep 22, 2008 | 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);
|
2008-09-22T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
All Industries Activity m/m
|
0.8%
|
0.8%
|
-1.0%
|
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 22, 2008 | 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;
|
2008-09-22T00:00:00+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 15, 2008 | 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);
|
2008-09-22T00:00:00+03:30
|
CAD
|
Medium Impact Expected
|
Retail Sales m/m
|
0.1%
|
0.2%
|
0.6%
|
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 22, 2008 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2008-09-22T02:31:00+03:30
|
GBP
|
Medium Impact Expected
|
Rightmove HPI m/m
|
-1.0%
| null |
-2.3%
|
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: Oct 20, 2008 | 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);
|
2008-09-22T03:20:00+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: Oct 10, 2008 | 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);
|
2008-09-22T05:00:00+03:30
|
AUD
|
Low Impact Expected
|
New Motor Vehicle Sales m/m
|
-3.5%
| null |
-4.0%
|
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 21, 2008 | 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;
|
2008-09-22T10:45:00+03:30
|
EUR
|
Low Impact Expected
|
ECB President Trichet Speaks
| null | null | null |
Description: Due to speak a second time at the Slovakia Euro changeover conference, in Bratislava; | Source: European Central Bank (latest release) | Speaker: ECB President Jean-Claude Trichet; | Next Release: Sep 30, 2008 | 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);
|
2008-09-22T13:30:00+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: Oct 20, 2008 | 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);
|
2008-09-22T16:00:00+03:30
|
CAD
|
High Impact Expected
|
Core Retail Sales m/m
|
0.4%
|
0.3%
|
1.5%
|
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 22, 2008 | 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;
|
2008-09-22T17:20:00+03:30
|
GBP
|
Low Impact Expected
|
MPC Member Gieve Speaks
| null | null | null |
FF Notice: Initial speaking time was shifted 6 hours later due to source rescheduling; | Description: Due to speak at the 2nd Annual Family Office Summit, in London; | Source: Bank of England (latest release) | Speaker: BOE Deputy Governor Sir John Gieve; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Oct 28, 2008 | FF Notes: MPC voting member Jan 2006 - Feb 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; | Acro Expand: Bank of England (BOE), Monetary Policy Committee (MPC);
|
2008-09-23T00:00:00+03:30
|
CAD
|
Medium Impact Expected
|
CPI m/m
|
-0.2%
|
-0.1%
|
0.3%
|
FF Notice: 'Actual' data initially misstated, then rectified 15 minutes after release. We apologize for any inconvenience this may have caused; | 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: Oct 24, 2008 | 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);
|
2008-09-23T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
French Flash Services PMI
|
50.4
|
47.7
|
48.0
|
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, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, 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 750 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);
|
2008-09-23T00:00:00+03:30
|
USD
|
Low Impact Expected
|
Richmond Manufacturing Index
|
-18
|
-12
|
-16
|
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 28, 2008 | 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;
|
2008-09-23T00:00:00+03:30
|
EUR
|
Medium Impact Expected
|
German Flash Services PMI
|
49.3
|
50.6
|
51.4
|
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, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, 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 800 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);
|
2008-09-23T00:00:00+03:30
|
USD
|
High Impact Expected
|
Treasury Sec Paulson Speaks
| null | null | null |
FF Notice: Initial release time was shifted 30 minutes earlier due to source rescheduling; | Description: Due to testify on recent actions regarding Fannie Mae and Freddie Mac, investment banks, and other financial institutions before the Senate Committee on Banking, Housing and Urban Affairs, in Washington DC; | Source: US Department of the Treasury (latest release) | Speaker: US Treasury Secretary Henry Paulson; | Next Release: Oct 8, 2008 | 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;
|
2008-09-23T00:00:00+03:30
|
EUR
|
Medium Impact Expected
|
Flash Services PMI
|
48.2
|
48.0
|
48.5
|
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, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – 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);
|
2008-09-23T00:00:01+03:30
|
EUR
|
Low Impact Expected
|
French Consumer Spending m/m
|
0.4%
|
0.0%
|
-0.5%
|
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 23, 2008 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2008-09-23T10:15:00+03:30
|
EUR
|
Medium Impact Expected
|
French Consumer Spending m/m
|
-0.3%
|
0.3%
|
0.4%
|
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, 2008 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2008-09-23T10:30:00+03:30
|
EUR
|
Medium Impact Expected
|
French Flash Manufacturing PMI
|
43.6
|
46.1
|
45.8
|
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, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, 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 750 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);
|
2008-09-23T11:00:00+03:30
|
EUR
|
Medium Impact Expected
|
German Flash Manufacturing PMI
|
48.1
|
49.2
|
49.7
|
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, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, 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 800 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);
|
2008-09-23T11:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Flash Manufacturing PMI
|
45.3
|
47.2
|
47.6
|
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, around 3 weeks into the current month; | Next Release: Oct 24, 2008 | FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – 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);
|
2008-09-23T12:00:00+03:30
|
GBP
|
Medium Impact Expected
|
High Street Lending
|
21.1K
|
20.5K
|
22.2K
|
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 23, 2008 | FF Notes: Source discontinued this data in Jan 2020; | Why Traders Care: It's a leading indicator of housing market demand – 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;
|
2008-09-23T12:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Industrial New Orders m/m
|
1.0%
|
-0.7%
|
-0.5%
|
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, 2008 | 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;
|
2008-09-23T14:30:00+03:30
|
CAD
|
High Impact Expected
|
Core CPI m/m
|
0.3%
|
0.1%
|
0.1%
|
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: Oct 24, 2008 | 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);
|
2008-09-23T16:30:00+03:30
|
EUR
|
Medium Impact Expected
|
Belgian NBB Business Climate
|
-14.4
|
-7.0
|
-5.9
|
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 23, 2008 | 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);
|
2008-09-23T17:00:00+03:30
|
USD
|
High Impact Expected
|
Fed Chairman Bernanke Testifies
| null | null | null |
FF Notice: Initial release time was shifted 30 minutes earlier due to source rescheduling; | Description: Due to testify on US financial markets before the Senate Committee on Banking, Housing and Urban Affairs, 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: Sep 24, 2008 | FF Notes: The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility; | 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);
|
2008-09-23T17:30:00+03:30
|
USD
|
Low Impact Expected
|
HPI m/m
|
-0.6%
|
-0.2%
|
-0.3%
|
Source: FHFA (latest release) | Measures: Change in the purchase price of homes with mortgages backed by Fannie Mae and Freddie Mac; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 60 days after the month ends; | Next Release: Oct 23, 2008 | FF Notes: Source began m/m frequency in Mar 2008; | 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);
|
2008-09-23T23:59:59+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 13, 2008 | 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;
|
2008-09-24T00:00:00+03:30
|
USD
|
High Impact Expected
|
Fed Chairman Bernanke Testifies
| null | null | null |
Description: Due to testify on the US economic outlook before the Congressional Joint Economic Committee, 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: Sep 24, 2008 | FF Notes: The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility; | 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);
|
2008-09-24T00:00:00+03:30
|
EUR
|
Medium Impact Expected
|
Current Account
|
-1.7B
|
-6.2B
|
-6.1B
|
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 23, 2008 | 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;
|
2008-09-24T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Italian Retail Sales m/m
|
0.6%
|
0.1%
|
-0.4%
|
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 22, 2008 | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
|
2008-09-24T03:20:00+03:30
|
JPY
|
Medium Impact Expected
|
BSI Manufacturing Index
|
-10.0
|
-17.0
|
-15.1
|
Source: Ministry of Finance (latest release) | Measures: Level of a diffusion index based on surveyed large manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 70 days into the current quarter; | Next Release: Dec 24, 2008 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism. This survey is used to predict the BOJ's Tankan survey released about a week later; | 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 14,400 large manufacturers which asks respondents to rate the relative level of general business conditions; | Acro Expand: Business Survey Index (BSI), Bank of Japan (BOJ);
|
2008-09-24T05:32:00+03:30
|
NZD
|
Low Impact Expected
|
Westpac Consumer Sentiment
|
104.8
| null |
81.7
|
FF Notice: Initial release time was shifted 24 hours later due to source rescheduling. Subsequently, source released data 2 minutes later than scheduled; | 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 22, 2008 | 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;
|
2008-09-24T11:30:00+03:30
|
EUR
|
High Impact Expected
|
German ifo Business Climate
|
92.9
|
94.2
|
94.8
|
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 27, 2008 | 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);
|
2008-09-24T13:30:00+03:30
|
GBP
|
High Impact Expected
|
CBI Realized Sales
|
-27
|
-40
|
-46
|
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: Oct 28, 2008 | 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);
|
2008-09-24T17:30:00+03:30
|
USD
|
High Impact Expected
|
Existing Home Sales
|
4.91M
|
4.93M
|
5.02M
|
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, 2008 | 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;
|
2008-09-24T18:05:00+03:30
|
USD
|
Medium Impact Expected
|
Crude Oil Inventories
|
-1.5M
|
-2.0M
|
-6.3M
|
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 1, 2008 | 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);
|
2008-09-24T22:00:00+03:30
|
USD
|
High Impact Expected
|
Fed Chairman Bernanke Testifies
| null | null | null |
Description: Due to testify, along with Treasury Secretary Henry Paulson, on the proposed Economic Stabilization bill before the House Financial Services Committee, 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 20, 2008 | FF Notes: The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility; | 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);
|
2008-09-25T00:00:00+03:30
|
USD
|
Medium Impact Expected
|
FOMC Member Warsh Speaks
| null | null | null |
Description: Due to speak at the "Credit Market Turmoil of 2007-08: Implications for Public Policy" conference luncheon, in Chicago; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Governor Kevin Warsh; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Nov 7, 2008 | 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;
|
2008-09-25T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Italian Trade Balance
|
2.07B
|
0.50B
|
-1.03B
|
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 16, 2008 | 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;
|
2008-09-25T00:00:00+03:30
|
USD
|
High Impact Expected
|
Unemployment Claims
|
493K
|
450K
|
461K
|
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 2, 2008 | 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;
|
2008-09-25T00:00:00+03:30
|
USD
|
Medium Impact Expected
|
Durable Goods Orders m/m
|
-4.5%
|
-1.6%
|
0.8%
|
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 29, 2008 | 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;
|
2008-09-25T00:00:00+03:30
|
EUR
|
Low Impact Expected
|
Private Loans y/y
|
8.8%
|
8.9%
|
9.4%
|
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 27, 2008 | 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;
|
2008-09-25T00:00:00+03:30
|
JPY
|
Low Impact Expected
|
Trade Balance
|
-0.11T
|
0.12T
|
0.11T
|
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 23, 2008 | 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;
|
2008-09-25T00:15:00+03:30
|
GBP
|
Medium Impact Expected
|
MPC Member Sentance Speaks
| null | null | null |
Description: Due to speak at the Chamber of Commerce, in Leicester; | 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: Oct 13, 2008 | 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;
|
2008-09-25T03:20:00+03:30
|
JPY
|
Low Impact Expected
|
SPPI y/y
|
1.4%
|
1.2%
|
1.3%
|
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 27, 2008 | 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);
|
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