| Time |
Currency |
Economic impact |
Event |
Prev. |
Forecast |
Fact |
| 02:30 |
AUD |
medium |
Trade Balance |
3.5B |
3.1B |
1.89B |
The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.
Review Alex Nekritin's Article - Trading the Aussie with Australia Trade Balance
|
| 06:45 |
CHF |
high |
Gross Domestic Product (YoY) |
2.3% |
2.6% |
3.4% |
| The Gross Domestic Product, released by the State Secretariat for Economic Affairs SECO, is a measure of the total value of all goods and services produced by Switzerland. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the CHF, while a falling trend is seen as negative ( or bearish ) for the CHF. |
| 06:45 |
CHF |
low |
Gross Domestic Product s.a. (QoQ) |
1% |
0.8% |
0.9% |
| The Gross Domestic Product released by the Swiss Statistics is a measure of the total value of all goods and services produced by Switzerland. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the CHF, while a falling trend is seen as negative ( or bearish ) for the CHF. |
| 07:00 |
GBP |
medium |
Nationwide Housing Prices n.s.a (YoY) |
6.6% |
|
3.9% |
| The Nationwide Housing Prices shows the value of the houses prices in UK and indicate current movements in the housing market that is considered as a sensitive factor to the UK's economy. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish). |
| 07:00 |
GBP |
medium |
Nationwide Housing Prices s.a (MoM) |
-0.5% |
|
-0.9% |
| The Nationwide Housing Prices shows the value of the houses prices in UK and indicate current movements in the housing market that is considered as a sensitive factor to the UK's economy. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish). |
| 09:30 |
GBP |
low |
PMI Construction |
54.1 |
53.9 |
52.1 |
| The PMI Construction released by the Chartered Institute of Purchasing & Supply and Markit Economics shows business conditions in the UK construction sector. It is worth noting that the construction sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does A result that values above 50 signals appreciates (or is bullish for) the GBP, whereas a result that values below 50 is seen as negative (or bearish). |
| 10:00 |
EUR |
high |
Gross Domestic Product s.a. (QoQ) |
0.3% |
1% |
1% |
| The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. A rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish ). |
| 10:00 |
EUR |
medium |
Gross Domestic Product s.a. (YoY) |
0.8% |
1.7% |
1.9% |
| The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. A rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). |
| 10:00 |
EUR |
low |
Household Consumption (QoQ) |
-0.1% |
|
0.5% |
| Household Consumption (QoQ) |
| 10:00 |
EUR |
medium |
Producer Price Index (MoM) |
0.3% |
0.3% |
0.2% |
| The Producer Price Index released by the Eurostat is an index that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). A high reading is seen positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). |
| 10:00 |
EUR |
medium |
Producer Price Index (YoY) |
3% |
3.9% |
4% |
| The Producer Price Index released by the Eurostat is an index that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). A high reading is seen positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
|
| 10:00 |
EUR |
low |
Government Expenditure (QoQ) |
|
|
|
| Government Expenditure (QoQ) |
| 12:45 |
EUR |
medium |
ECB Interest Rate Decision |
1% |
1% |
1% |
ECB Interest Rate Decision is announced by the European Central Bank. If the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
Review Alex Nekritin's Article - Trading the Euro with the ECB Rate Decision |
| 13:30 |
USD |
medium |
Continuing Jobless Claims |
4479K |
4400K |
4456K |
| The Counting Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish. |
| 13:30 |
USD |
medium |
Initial Jobless Claims |
478K |
478K |
472K |
| The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.
|
| 13:30 |
USD |
medium |
Nonfarm Productivity |
3.9% |
-2% |
-1.8% |
| The Non-farm Productivity released by the Bureau of Labor Statistics of the US Department of Labor shows the output per Hour of labor worked. Non-farm Productivity indicates the overall business health in the US, which has an influence on GDP. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish). |
| 13:30 |
USD |
low |
Unit Labor Costs |
-3.7% |
1.4% |
1.1% |
| The Unit Labor Cost released by the Bureau of Labor Statistics, Department of Labor shows a total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation. A high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative ,or bearish. |
| 13:30 |
EUR |
medium |
ECB Trichet's Speech |
|
|
|
| The European Central Bank's president Jean Claude Trichet was born in 1942, Paris. He graduated from the University of Paris in the facility of economics. In 2003 he became the president of the European Central Bank. He gives a press conference as to how the ECB observes the current European economy and the value of EUR. His comments may determine a short-term positive or negative trend. Generally speaking, if he shows a hawkish outlook, that is generally seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish). |
| 14:00 |
USD |
medium |
Fed's Bernanke testifies |
|
|
|
| The Fed Governor Ben Shalom Bernanke gives a press conference as to how the Fed observes the current U.S. economy and the value of USD. His comments may influence the volatility of USD and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the USD, whereas his dovish view is considered as negative, or bearish for the Dollar. |
| 15:00 |
USD |
medium |
Factory Orders |
-1.2% |
0.5% |
0.1% |
| The Factory orders released by the US Census Bureau is a measure of the total orders of durable and non durable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish). |
| 15:00 |
USD |
high |
Pending Home Sales (MoM) |
-2.6% |
-1.5% |
5.2% |
| The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
|
| 00:30 |
AUD |
medium |
AiG Performance of Services Index |
46.6 |
|
|
| AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish). |
| 00:50 |
JPY |
low |
Capital Spending |
-11.5% |
|
|
| Capital Spending released by the Ministry of Finance Japan measures change in the total value of capital expenditures by enterprises. It is considered as an early indicator of economic health in Japan. A high reading is seen as positive or bullish for the JPY, while a low reading is seen as negative or bearish. |
