Economic calendar
16 August 2010, Monday
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Currency | Value | Event | Prev. | Forecast | Real |
|---|---|---|---|---|---|---|
| 23:30 | AUD | low | New Motor Vehicle Sales (MoM) | -1.4% | -2.6% | |
| The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 23:30 | AUD | low | New Motor Vehicle Sales (YoY) | 8.2% | 11.6% | |
| The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 08:00 | EUR | average | Consumer Price Index (MoM) | -0.4% | -0.3% | |
| The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). | ||||||
| 08:00 | EUR | average | Consumer Price Index - Core (YoY) | 0.9% | 1% | 1% |
| The Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food and energy. The CPI Core is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative. | ||||||
| 08:00 | EUR | average | Consumer Price Index (YoY) | 1.4% | 1.7% | 1.7% |
| The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). | ||||||
| 11:30 | USD | low | NY Empire State Manufacturing Index | 5.08 | 8.25 | 7.1 |
| The survey of manufactures in New York conducted by the Federal Reserve Bank of New York. It indicates the overall manufactures in the United Sates. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. | ||||||
| 12:00 | USD | low | Total Net TIC Flows | $17.1B | -$6.7B | |
| The total Net TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish). | ||||||
| 12:00 | USD | low | Net Long-term TIC Flows | $35.3B | $36.3B | $44.4B |
| The total Net TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish). | ||||||
| 16:00 | USD | high | NAHB Housing Market Index | 14 | 15 | 13 |
| NAHB Housing Market Index is released by the National Association of Home Builders. It presents home sales and expected home buildings in the future indicating housing market trend in the United States. The growth rate of the housing market affects the USD volatility. Normally, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
17 August 2010, Tuesday
|
Currency | Value | Event | Prev. | Forecast | Real |
|---|---|---|---|---|---|---|
| 07:30 | GBP | low | Core Consumer Price Index (YoY) | 3.1% | 3% | 2.6% |
| The Core Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). | ||||||
| 07:30 | GBP | high | Consumer Price Index (MoM) | 0.1% | -0.2% | -0.2% |
| The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends.Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). | ||||||
| 07:30 | GBP | average | Retail Price Index (YoY) | 5% | 5% | 4.8% |
| Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. Normally, a high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish). | ||||||
| 07:30 | GBP | average | Retail Price Index (MoM) | 0.2% | -0.2% | |
| Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. Normally, a high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish). | ||||||
| 07:30 | GBP | low | Consumer Price Index (YoY) | 3.2% | 3.1% | 3.1% |
| The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). | ||||||
| 08:00 | EUR | low | ZEW Survey - Current Situation | 14.6 | 24 | 44.3 |
|
The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish). Review Alex Nekritin's Article - Trading the Euro with Germany ZEW Survey |
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| 08:00 | EUR | average | ZEW Survey - Economic Sentiment | 10.7 | 10.6 | 15.8 |
| The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. A positive number means that the share of optimists outweighs the share of pessimists. An optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish). | ||||||
| 08:00 | EUR | low | ZEW Survey - Economic Sentiment | 21.2 | 20.6 | 14 |
|
The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish). Review Alex Nekritin's Article - Trading the Euro with Germany ZEW Survey |
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| 11:30 | USD | average | Producer Price Index (MoM) | -0.5% | 0.2% | 0.2% |
| The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | USD | average | Housing Starts (YoY) | 0.537M | 0.57M | 0.54M |
| The Housing Starts released by the US Census Bureau, at the Department of Commerce is an indicator that tracks how many new single-family homes or buildings were constructed. For the survey each house and each single apartment are counted as one housing start. The figures include all private and publicly owned units. It indicates movements of the US housing market. Generally, a high reading anticipates positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | CAD | low | Canadian Investment in Foreign Securities | $2.93B | -$4B | |
| The Canadian investment in foreign securities released by the Statistics Canada shows the movements of outcoming investments (money market, stocks and bonds) from Canada. It also indicates the climate of Canadian investors into foreign securities. This event causes volatility in the CAD. Normally, an increasing number of investments is seen as positive prospect of the Canadian economy (or bullish sentiment for the CAD). | ||||||
| 11:30 | USD | average | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.2% | 0.3% |
| The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | USD | average | Producer Price Index (YoY) | 2.8% | 4.2% | 4.2% |
| The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | CAD | low | Manufacturing Shipments (MoM) | 0.5% | -0.4% | 0.1% |
| The Manufacturing Shipment released by the Statistic Canada examines overall Shipments of Canada. It can be seen expected market demand. Generally speaking, a growing number of goods including unsold inventories indicates a fall in the market demand,which anticipates bearish for the CAD. Also, a decreasing shipment is seen as negative (or bearish). On the other hand, an increasing shipment is seen as positive (or bullish). | ||||||
| 11:30 | USD | average | Producer Price Index ex Food & Energy (YoY) | 1.1% | 0.2% | 1.5% |
| The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | CAD | low | Foreign investment in Canadian securities | $23.04B | $10.32B | $5.39B |
| The International Securities released by the Statistics Canada shows the movements of incoming and outcoming investments (money market, stocks and bonds) from Canada. It also indicates the climate of foreign investors into Canadian securities and the CAD itself. This event causes volatility in the CAD. Generally, an increasing number of investments is seen as positive prospect of the Canadian economy (or bullish sentiment for the CAD). | ||||||
| 11:30 | USD | low | Building Permits (MoM) | 0.58M | 0.58M | 0.56M |
| The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. Normally, the more growing number of permits, the more positive (or bullish) for the USD. | ||||||
| 12:15 | USD | low | Capacity Utilization | 74.1% | 74.6% | 74.8% |
| The Capacity Utilization released by the Federal Reserve Board is the percentage of the US production capacity which is actually used over the short-time period. It is indicative of overall growth and demand in the U.S. economy. A high capacity utilization stimulates inflationary pressures. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish). | ||||||
| 12:15 | USD | low | Industrial Production (MoM) | -0.1% | 0.5% | 1% |
| The Industrial Production released by the Board of Governors of the Federal Reserve shows the volume of production of US industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. If High industrial production growth comes out, this may generate a positive sentiment (or bullish) for the USD. | ||||||
| 20:00 | USD | low | ABC/Washington Post Consumer Confidence | -47 | -45 | |
| The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish). | ||||||
18 August 2010, Wednesday
|
Currency | Value | Event | Prev. | Forecast | Real |
|---|---|---|---|---|---|---|
| 23:30 | AUD | low | Westpac Leading Index (MoM) | 0.2% | ||
| The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, while a low reading is seen as negative (or bearish) | ||||||
| 23:30 | AUD | low | Wage Price Index (QoQ) | 0.9% | 0.9% | 0.8% |
| The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 23:30 | AUD | low | Wage Price Index (YoY) | 2.9% | 3.1% | 3% |
| The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 04:00 | JPY | low | Coincident Index | 101.2 | 101.3 | |
| The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Generally speaking, a result that values above 50% signals appreciates (or is bullish for) the JPY, whereas a result that values below 50% is seen as negative (or bearish). | ||||||
| 04:00 | JPY | low | Leading Economic Index | 98.6 | 99 | |
| The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. Generally speaking, a result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish. | ||||||
| 07:30 | GBP | average | Bank of England Minutes | |||
| The minutes of the BoE MPC meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the BoE is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the GBP. | ||||||
| 08:00 | EUR | low | Construction Output s.a (MoM) | -0.7% | 2.7% | |
| The report released by the Eurostat is the output of the construction industry, in both the private and public sectors. It shows the strength of the construction industry, which, at the same time, hints at the investments made in this sector of the economy. Normally, a high reading is positive for the EUR, while a low reading is negative. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative. | ||||||
| 08:00 | EUR | low | Construction Output w.d.a (YoY) | -6.2% | 3.1% | |
| The report released by the Eurostat is the output of the construction industry, in both the private and public sectors. It shows the strength of the construction industry, which, at the same time, hints at the investments made in this sector of the economy. Normally, a high reading is positive for the EUR, while a low reading is negative. | ||||||
| 10:00 | USD | low | MBA Mortgage Applications | 0.6% | 13% | |
| The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish). | ||||||
| 13:30 | USD | low | EIA Crude Oil Stocks change | -2.988M | -1M | -0.8M |
| EIA Crude Oil Stock is a measure of change in crude oil storage and it's released by the Energy Information Administration. This report indicates the oil demand and the price volatility. As the oil prices have an impact on worldwide economy, some volatility for the currencies, specially for the CAD is expected. We have to take into account that Canada is the world's fourteenth largest producer of oil so a strong oil demand appreciates, or is bullish for the CAD. | ||||||
| 21:45 | NZD | low | Producer Price Index - Input (QoQ) | 1.3% | 1.4% | |
| The Producer Price Index Input released by the Statistics New Zealand is a measurement of the rate of inflation experienced by producers. It captures changes in the average price of a fixed basket of goods and services purchased by the producers in New Zealand. A high reading is positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish). | ||||||
| 21:45 | NZD | low | Producer Price Index - Output (QoQ) | 1.8% | 1.1% | |
| The Producer Price Index Out released by the Statistics New Zealand is a measurement of the price changes of goods produced by the producers in New Zealand. Generally speaking, a price hike generates higher retail prices for consumers. Thus, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish). | ||||||
19 August 2010, Thursday
|
Currency | Value | Event | Prev. | Forecast | Real |
|---|---|---|---|---|---|---|
| 00:30 | AUD | low | Average Weekly Wages (QoQ) | 1.1% | 1.2% | 0.8% |
| The Average Weekly Wages released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 00:30 | AUD | low | Average Weekly Wages (YoY) | 5.8% | 5.6% | 5.6% |
| The Average Weekly Wages released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). | ||||||
| 03:30 | JPY | low | All Industry Activity Index (MoM) | 0.2% | -0.3% | 0.1% |
| The All Industry Activity Index released by the Ministry of Economy, Trade and Industry captures the monthly change in overall production by all industries of the Japanese economy. The index indicates the Japanese GDP and the overall growth figures, providing insight into current levels of Japanese economic expansion. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish). | ||||||
| 05:00 | EUR | low | Producer Price Index (YoY) | 1.7% | 3.3% | 3.7% |
| The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish). | ||||||
| 05:00 | JPY | low | Machine Tool Orders (YoY) | 143.8% | 144.9% | |
| The Machine Tool Orders released by the Japan Machine Tool Builders'' Association shows movements in tool orders by manufacturers. It indicates business conditions and the overall economic condition in Japan. Generally speaking, if a large number of tool orders come out, this may generate a positive sentiment (or bullish) for the JPY, on the other hand, a small number is seen as negative (or bearish). | ||||||
| 05:00 | EUR | average | Producer Price Index (MoM) | 0.6% | 0.2% | 0.5% |
| The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish). | ||||||
| 05:15 | CHF | low | Trade Balance | 1.771B | 1.86B | 2.886B |
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The Trade Balance released by the Swiss Statistics Office is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. Generally speaking, if a steady demand in exchange for Swiss exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CHF. Review Alex Nekritin's Article - Trading the Swiss Franc with the Swiss Trade Balance |
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| 07:30 | GBP | low | M4 Money Supply (MoM) | 0.1% | 0.3% | 0.4% |
| M4 Money is widely referred as "broad money" or simply "money supply". The M4 Money Supply released by the Bank of England measures all the sterling in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. Normally, an acceleration of the M4 money is considered as positive for the GBP, whereas a decline is negative. | ||||||
| 07:30 | GBP | low | M4 Money Supply (YoY) | 3% | 2% | 2.3% |
| M4 Money is widely referred as "broad money" or simply "money supply". The M4 Money Supply released by the Bank of England measures all the sterling in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. Normally, an acceleration of the M4 money is considered as positive for the GBP, whereas a decline is negative. | ||||||
| 07:30 | GBP | average | Retail Sales (MoM) | 0.7% | 0.4% | 1.1% |
| The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish. | ||||||
| 07:30 | GBP | average | Public Sector Net Borrowing | £13. | £5.1 | £3.1 |
| The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is generally unfavorable for the economy, a growth in the Net Borrowing is considered as negative, or bearish for the GBP. | ||||||
| 07:30 | GBP | average | Retail Sales (YoY) | 1.1% | 1.1% | 1.3% |
| The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish. | ||||||
| 08:00 | CHF | low | ZEW Survey - Expectations | 2.2 | 9.1 | |
| The ZEW Survey Expectations published by the Centre for European Economic Research presents business conditions, employment conditions and other elements affecting the day to day running of a business in Switzerland. Generally speaking, a high reading is seen as positive (or bullish) for the CHF, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | CAD | average | Wholesale Sales (MoM) | -0.1% | 0.4% | -0.3% |
| The Wholesale Sales released by the Statistic Canada shows value of sales made by wholesalers in Canada. Generally, a growing number in wholesales indicates increases in retail trade and consumption, that is seen as positive or bullish for the CAD, while a declining number indicates the weakened retail sectors, consumption, and the economy in Canada, that is seen as negative or bearish for the currency. | ||||||
| 11:30 | CAD | average | Leading Indicators (MoM) | 1% | 0.7% | 0.4% |
| The Leading Indicators released by the Statistics Canada measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in Canada. Generally, a high reading is seen as positive (or bullish) for the CAD, whereas a low reading is seen as negative (or bearish). | ||||||
| 11:30 | USD | low | Continuing Jobless Claims | 4491K | 4465K | 4478K |
| 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. | ||||||
| 11:30 | USD | low | Initial Jobless Claims | 488K | 480K | 500K |
| 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. | ||||||
| 13:00 | USD | low | Leading Indicators (MoM) | -0.3% | 0.1% | 0.1% |
| The Leading Indicators released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in United States. This event generates some volatility for the USD. Normally, a high reading is seen as positive (or bullish). | ||||||
| 13:00 | USD | average | Philadelphia Fed Manufacturing Survey | 5.1 | 7.5 | -7.7 |
| The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia. This survey, served as an indicator of manufacturing sector trends, is interrelated with the ISM manufacturing Index (Institute for Supply Management) and the index of industrial production. It is also used as a forecast of The ISM Index. Generally, an above-the-expectaitons reading is seen as positive for the USD. | ||||||
| 21:45 | NZD | low | Visitor Arrivals | 0.7% | 1.4% | |
| The Visitor Arrivals released by the Statistics New Zealand measures the number of visitors to New Zealand. As the tourism industry dominates a large part of the total GDP, the visitor arrivals is an important indicator of the overall economic condition in New Zealand. Normally, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish). | ||||||
20 August 2010, Friday
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Currency | Value | Event | Prev. | Forecast | Real |
|---|---|---|---|---|---|---|
| 10:00 | CAD | low | Consumer Price Index (YoY) | 1% | 2% | 1.8% |
| The Consumer Price Index released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range (1%-3%). Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD. | ||||||
| 10:00 | CAD | low | Consumer Price Index (MoM) | -0.1% | -0.1% | |
| The Consumer Price Index released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range (1%-3%). Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD. | ||||||
| 10:00 | CAD | average | Bank of Canada Consumer Price Index Core (MoM) | -0.1% | 0.1% | 0.5% |
| The Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. | ||||||
| 10:00 | CAD | average | Bank of Canada Consumer Price Index Core (YoY) | 1.7% | 1.8% | 1.6% |
| Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. | ||||||
