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Economic calendar

23 August 2010, Monday

	Currency	Value	Event	Prev.	Forecast	Real
06:30	EUR	average	Purchasing Manager Index Manufacturing	61.2	61.3	58.2
The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany. Normally, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
06:30	EUR	average	Purchasing Manager Index Services	56.5	56.3	58.5
The Services PMI released by the Markit Economics interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
07:00	EUR	average	Purchasing Manager Index Manufacturing	56.7	56.4	55
The Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone. A result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
07:00	EUR	average	Purchasing Manager Index Services	55.8	55.8	55.6
The PMI service released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the European service sector does not influence, either positively or negatively, the GDP as much as the PMI manufacturing does. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
13:00	EUR	low	Consumer Confidence	-14	-13	-12
The Consumer Confidence released by the European Commision is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

24 August 2010, Tuesday

	Currency	Value	Event	Prev.	Forecast	Real
02:00	NZD	average	RBNZ Inflation Expectations q/q	2.8		2.6
The Inflation Expectations released by the Reserve Bank of New Zealand measures the expectations of future outcomes of a range of key macroeconomic data among business managers. It is considered as an indicator for inflation in New Zealand. Up trend is regarded as inflationary which may anticipate interest rates to rise. A high reading is positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).
05:00	EUR	average	Gross Domestic Product w.d.a (YoY)	2%	3.7%	3.7%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
05:00	EUR	average	Gross Domestic Product s.a (QoQ)	0.5%	2.2%	2.2%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
05:00	EUR	average	Gross Domestic Product n.s.a (YoY)	2.1%	4.1%	4.1%
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
08:00	EUR	low	Industrial New Orders s.a. (MoM)	4.1%	1.6%	2.5%
The Industrial new orders released by the Eurostat captures the value of new contracts for goods in the manufacturing sector. An increasing number of Industrial New Orders predicts enhanced production and a growth in the GDP. Normally, a high reading is seen as positive, or bullish, for the EUR, while a low reading is seen as negative, or bearish.
08:00	EUR	low	Industrial New Orders (YoY)	23%	24.2%	22.6%
The Industrial new orders released by the Eurostat captures the value of new contracts for goods in the manufacturing sector. An increasing number of Industrial New Orders predicts enhanced production and a growth in the GDP. Normally, a high reading is seen as positive, or bullish, for the EUR, while a low reading is seen as negative, or bearish.
11:30	CAD	average	Retail Sales (MoM)	-0.4%	0.4%	0.1%
The Retail Sales released by the Statistics Canada is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD.
11:30	CAD	average	Retail Sales ex Autos (MoM)	-0.3%	0.1%	-0.5%
The Retail Sales ex Auto released by the Statistics Canada is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD.
13:00	USD	average	Existing Home Sales (MoM)	-7.1%		-27.2%
The Existing Home Sales, released by the National Association of Realtors, provide an estimated value of housing market conditions. 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 positive for the Dollar, while a low reading is negative.
13:00	USD	average	Existing Home Sales	5.26M	4.63M	3.83M
The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. 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 positive for the Dollar, while a low reading is negative.
13:00	USD	average	Richmond Fed Manufacturing Index	16	12	11
The survey including information on shipments, new orders, order backlogs, and inventories conducted by Federal Reserve Bank of Richmond provides information on current activity in the manufacturing sector (mailing 220 business organizations). The industry inflation can been seen from the survey. Generally speaking, a high reading appreciates (or is bullish for) the USD, whereas a low reading is seen as negative (or bearish for) the USD.
20:00	USD	low	ABC/Washington Post Consumer Confidence	-45		-44
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).
22:50	JPY	average	Merchandise Trade Balance Total	¥686.9	¥466.3	¥804.2
The Merchandise Trade Balance Total released by the Ministry of Finance 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. Japan is so much dependant on exports that the Japanese economy heavily relies on a trade surplus. Therefore, any variation in the figures influences the domestic economy. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive. Review Alex Nekritin's Article - Trading the Yen with Japan Trade Balance
22:50	JPY	average	Adjusted Merchandise Trade Balance	¥514.5		¥610.4
The Adjusted Merchandise Trade Balance is released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish). Review Alex Nekritin's Article - Trading the Yen with Japan Trade Balance
22:50	JPY	low	Corporate Service Price (YoY)	-1%	-0.9%	-1.2%
The Corporate Service Price Index (CSPI) released by the Bank of Japan measures the prices of services traded among companies. It presents price developments that reflect most sensitively the supply and demand conditions in the services market. It is also considered as an indicator for inflationary pressures. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

25 August 2010, Wednesday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	AUD	average	Conference Board Australia Leading Index	0.3%		0.1%
The Conference Board Australia leading Index 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 forecasts short to mid-term growth in the Australian economy. Generally, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
00:30	AUD	low	Construction Work Done	1.9%	3%	3.5%
The Construction Work Done released by the Australian Bureau of Statistics measures the number of construction work done in the last month. It is a key indicator of the Australian construction sector. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
07:00	EUR	average	IFO - Current Assessment	106.8	107.2	108.2
The IFO Current Assessment released by the CESifo Group is closely watched as an indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish). Review Alex Nekritin's Article - Trading Euro with IFO Report
07:00	EUR	average	IFO - Business Climate	106.2	105.5	106.7
This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish). Review Alex Nekritin's Article - Trading Euro with IFO Report
07:00	EUR	average	IFO - Expectations	105.5	104.3	105.2
The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers 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 Euro with IFO Report
10:00	USD	low	MBA Mortgage Applications	13%		4.9%
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).
11:30	USD	average	Durable Goods Orders	-0.1%	3%	0.3%
The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. Generally speaking, a high reading is bullish for the USD.
11:30	USD	average	Durable Goods Orders ex Transportation	-0.6%	0.5%	-3.8%
The Durable Goods Orders measures, released by the US Census Bureau, the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, excluding the transport sector. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.
13:00	USD	average	New Home Sales	315K	330K	276K
The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
13:00	USD	average	New Home Sales (MoM)	12.1%		-12.4%
The number of New Home sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
13:30	USD	low	EIA Crude Oil Stocks change	-0.8M		4.1M
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.

26 August 2010, Thursday

	Currency	Value	Event	Prev.	Forecast	Real
06:15	CHF	low	Employment Level (QoQ)	3.96M	3.965M	3.968M
The Employment Level released by the Swiss Statistics shows the number of employed workers. If the level is up, it indicates economic expansion within the Swiss lobar market, while a declining level suggests a lack of economic expansion. Generally speaking, a high reading is seen as positive (or bullish) for the CHF, while a low reading is seen as negative (bearish).
06:15	CHF	low	Employment Level (YoY)	0.1%	0.5%	0.6%
The Employment Level released by the Swiss Statistics shows the number of employed workers. If the level is up, it indicates economic expansion within the Swiss lobar market, while a declining level suggests a lack of economic expansion. Generally speaking, a high reading is seen as positive (or bullish) for the CHF, while a low reading is seen as negative (bearish).
07:00	EUR	low	Gfk Consumer Confidence Survey	3.9	4.1	4.1
The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
07:00	EUR	average	M3 (YoY)	0.2%	0.4%	0.2%
M3 is a measure of money supply that is released by the European Central Bank. It calculates all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. An acceleration of the M3 money is considered as positive, or bullish for the EUR, whereas a decline
07:00	EUR	average	M3 Money Supply (QoQ)		0.2%	0.1%
M3 is a measure of money supply that is released by the European Central Bank. It calculates all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. An acceleration of the M3 money is considered as positive, or bullish for the EUR, whereas a decline
11:30	USD	average	Initial Jobless Claims	504K	485K	473K
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.
11:30	USD	low	Continuing Jobless Claims	4518K	4500K	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.
22:30	JPY	average	Tokyo CPI ex Fresh Food (YoY)	-1.3%	-1.2%	-1.1%
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
22:30	JPY	average	Tokyo CPI ex Food, Energy (YoY)	-1.4%	-1.4%	-1.5%
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
22:30	JPY	low	National CPI Ex Food, Energy (YoY)	-1.5%	-1.5%	-1.4%
The National Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
22:30	JPY	common/calendar/impacts/	Jobless Rate	5.3%	5.3%	5.2%
The Jobless Rates data which comes from the Ministry of Health, Labour and welfare and it's published by the Japan Statistics Bureau, is a measure of the percentage of unemployed in Japan. A high percentage indicates weakness in the labor market which influences the strength and direction of the Japanese economy. Therefore, a low percentage should be taken as positive or bullish for the JPY.
22:30	JPY	average	Tokyo Consumer Price Index (YoY)	-1.2%	-1.1%	-1%
The Tokyo Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. The index captures inflation in Tokyo. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive.
22:30	JPY	low	Overall Household Spending (YoY)	0.5%	1.6%	1.1%
The Overall Household Spending released by the Ministry of Internal Affairs and Communications is an indicator that measures the total expenditure by households. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth. A high reading is positive (or Bullish) for the JPY, while a low reading is negative (or bearish).
22:30	JPY	low	National CPI Ex-Fresh Food (YoY)	-1%	-1.1%	-1.1%
The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services excluding fresh food. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
22:30	JPY	low	Job-To-Applicant Ratio	0.52	0.53	0.53
Job-To-Applicant Ratio
22:30	JPY	low	National Consumer Price Index (YoY)	-0.7%	-0.9%	-0.9%
The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

27 August 2010, Friday

	Currency	Value	Event	Prev.	Forecast	Real
23:00	EUR	average	Consumer Price Index (YoY)	1.2%	1.1%	1%
The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).
23:00	EUR	average	Consumer Price Index (MoM)	0.3%	0.2%
The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).
07:30	GBP	low	Index of Services (3M/3M)	0.8%	0.7%	0.7%
The Index of Services released by the National Statistics measures the monthly movements in gross value added for the service industries. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does. Traders want the highest possible reading as that will be taken as positive for the GBP, while a low reading is negative.
07:30	GBP	average	Gross Domestic Product (YoY)	-0.2%	1.6%	1.7%
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity and health. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
07:30	GBP	average	Gross Domestic Product (QoQ)	1.1%	1.1%	1.2%
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity and health. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
08:30	CHF	average	KOF Leading Indicator	2.22	2.25	2.18
The KOF Swiss Leading Indicator is released by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research and it's a joint survey with leading indicator which measures future trends of the overall economic activity. It captures the movement of GDP growth and the economic trend in Switzerland. An optimistic view is considered as bullish for the CHF, whereas a pessimistic view is considered as bearish.
11:30	USD	average	Gross Domestic Purchases Price Index	0.1%	1.8%	0.1%
The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.
11:30	USD	average	Real Personal Consumption Expenditures (QoQ)	1.9%	1.7%	2%
The Real Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. Generally speaking, a high reading is bullish for the USD, while a low reading is bearish.
11:30	USD	average	Gross Domestic Product Annualized	2.4%	1.4%	1.6%
The Gross Domestic Product annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
12:55	USD	average	Reuters/Michigan Consumer Sentiment Index	67.8	70	68.9
The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
13:00	USD	average	Fed's Bernanke Speech
The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. He gives a press conference as to how the Fed observes the current US economy and the value of USD. His comments may determine a short-term positive or negative trend.

29 August 2010, Sunday

	Currency	Value	Event	Prev.	Forecast	Real
21:45	NZD	average	Trade Balance	276M	-40M	-186M
The Trade Balance released by the Statistics New Zealand 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. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD. Review Alex Nekritin's Article - Trading New Zealand Dollar with New Zealand Trade Balance
22:01	GBP	low	Hometrack Housing Prices s.a	-0.1		-0.3
The Hometrack Housing Prices s.a. released by the Hometrack shows changes in housing prices across the UK. The housing prices show insight into key housing trends and are considered as a key indicator for inflationary pressures. A high reading is seen as positive or (bullish) for the GBP, while a low reading is seen as negative (or bearish).

Economic calendar

23 August 2010, Monday

24 August 2010, Tuesday

25 August 2010, Wednesday

26 August 2010, Thursday

27 August 2010, Friday

29 August 2010, Sunday

30 August 2010, Monday

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	Currency	Value	Event
23:00	JPY	high	BoJ Monetary Policy Meeting
The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).
23:00	GBP	common/calendar/impacts/	Summer Bank Holiday
Late Summer Holiday is a Bank Holiday in England and Wales, but not in Scotland.

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