| Time |
Currency |
Economic impact |
Event |
Prev. |
Forecast |
Fact |
| 01:30 |
AUD |
low |
RBA Foreign Exchange Transaction |
295M |
|
424M |
| The Foreign Exchange Transactionreleased by the Reserve Bank of Australia shows the movements of the exchange of the AUD for others, likewise others for the AUD. It indicates the climate of foreign investors into the AUD itself. This event causes volatility in the AUD. An increasing number of investments is seen as positive prospect of the Australian economy (or bullish sentiment for the AUD). |
| 05:00 |
JPY |
medium |
Bank of Japan Monthly Economic Survey |
|
|
|
| The BoJ Monthly Economic Survey released by the Bank of Japan presents a study of economic movements in Japan. It reviews 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. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish). |
| 05:00 |
JPY |
low |
Coincident Index |
97.4 |
|
100.1 |
| 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. Thus, 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).
|
| 05:00 |
JPY |
low |
Leading Economic Index |
94.7 |
|
96.7 |
| 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. A result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish. |
| 07:15 |
CHF |
medium |
Trade Balance |
2.42B |
2.2B |
1.29B |
| The Trade Balance released by the Swiss Federal Customs Administration 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 Swiss exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CHF.
|
| 08:00 |
JPY |
medium |
Bank of Japan Monthly Economic Survey |
|
|
|
Measures the percentage of available resources being utilized by factories, mines and utilities.
A rising trend has a positive effect on the nation's currency because companies tend to raise their prices when nearing maximum capacity. This price increase (i.e., inflation) will eventually trickle down to the consumer, so capacity levels can act as a leading indicator of CPI and other consumer inflation gauges. Traders pay special attention to the Capacity Utilization Rate because it's one of the only inflation indicators that is produced directly by the Federal Reserve. |
| 08:00 |
JPY |
low |
Leading Economic Index |
94.3 |
|
|
|
| 08:15 |
CHF |
medium |
Industrial Production (QoQ) |
3.5% |
5.1% |
6.4% |
| The Industrial Production is released by the Swiss Statistics. It shows the volume of production of 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 CHF, while low industrial production is seen as a negative sentiment (or bearish).
|
| 08:15 |
CHF |
medium |
Industrial Production (YoY) |
-6.6% |
-3.5% |
-1.1% |
| The Industrial Production is released by the Swiss Statistics. It shows the volume of production of 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 CHF, while low industrial production is seen as a negative sentiment (or bearish).
|
| 09:00 |
EUR |
low |
Current Account n.s.a |
€9.8B |
|
-€16. |
| The Current Account released by the European Central Bank is a net flow of current transactions, including goods, services, and interest payments into and out of the Euro-Zone. A current account surplus indicates that the flow of capital into the Euro-Zone exceeds the capital reduction. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).
|
| 09:00 |
EUR |
low |
Current Account s.a |
€2.3B |
€2.9B |
-€8.1 |
| The Current Account released by European Central Bank is a net flow of current transactions, including goods, services, and interest payments into and out of the Euro-Zone. A current account surplus indicates that the flow of capital into the Euro-Zone exceeds the capital reduction. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).
|
| 09:30 |
GBP |
low |
M4 Money Supply (MoM) |
0.2% |
0.8% |
0.2% |
| 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. An acceleration of the M4 money is considered as positive for the GBP, whereas a decline is negative. |
| 09:30 |
GBP |
medium |
Mortgage Approvals |
48K |
54K |
48K |
| The Mortgage Approvals released by the Bank of England presents the number of various Mortgage Approvals. It is considered as a leading indicator of the UK Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall UK economy. Thus, 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 |
medium |
Public Sector Net Borrowing |
£0.4 |
£14. |
£12. |
| 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). 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. |
| 09:30 |
GBP |
low |
M4 Money Supply (YoY) |
4.7% |
4.3% |
3.6% |
| 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.
|
| 10:00 |
EUR |
medium |
Trade Balance n.s.a. |
€4.1B |
€5.1B |
-€8.9 |
| The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. 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 EUR. |
| 10:00 |
EUR |
medium |
Trade Balance s.a. |
€5.2B |
-€4B |
-€7.4 |
| The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. 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 EUR. |
| 10:00 |
CHF |
medium |
ZEW Survey - Expectations |
52.5 |
|
53.8 |
| 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. A high reading is seen as positive (or bullish) for the CHF, whereas a low reading is seen as negative (or bearish). |
| 11:00 |
CAD |
high |
Bank of Canada Consumer Price Index Core (MoM) |
0.1% |
0.3% |
|
| 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. A high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. |
| 11:00 |
CAD |
high |
Bank of Canada Consumer Price Index Core (YoY) |
2% |
1.7% |
|
| 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. A high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. |
| 11:00 |
GBP |
low |
CBI Industrial Trends - Business Sentiment (QoQ) |
-39 |
-33 |
-37 |
| The CBI Business Sentiment released by the Confederation of British Industry shows the business outlook in the UK. The Business Sentiment allows analyses of economic situation in the short term. An optimistic view of the UK firms is considered as positive, or bullish for the GBP, whereas a pessimistic view is considered as negative, or bearish for the Pound. |
| 11:00 |
CAD |
high |
Consumer Price Index (MoM) |
0.3% |
0.4% |
|
| 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%). A high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD. |
| 11:00 |
CAD |
high |
Consumer Price Index (YoY) |
1.9% |
1.4% |
|
| 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%). A high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD. |
| 11:15 |
CHF |
medium |
Industrial Production (QoQ) |
3.4% |
|
|
|
| 11:15 |
CHF |
medium |
Industrial Production (YoY) |
-6.7% |
|
|
|
| 12:00 |
EUR |
low |
Current Account n.s.a |
€9.4B |
|
|
Measures: Change in the total value of new credit issued to consumers and businesses;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, on the last business day of the following month;
Next Release: Aug 31, 2009
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;
|
| 12:00 |
EUR |
low |
Current Account s.a |
€1.9B |
|
|
|
| 12:30 |
GBP |
medium |
Public Sector Net Borrowing |
£4.3 |
|
|
Next Release: Jun 27, 2008
Measures: Consumer views regarding current and future economic conditions;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released monthly, around the end of the current month;
FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are two versions of this report released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;
Also Called: University of Michigan Consumer Sentiment, Reuters/Michigan Sentiment;
Why Traders Care: Released since 1976, it has a track record of predicting consumers' spending habits via their economic attitudes and outlook;
Derived Via: 500-person telephone survey conducted by the University of Michigan;
|
| 12:30 |
CAD |
low |
Canadian Investment in Foreign Securities |
-$0.66B |
|
-$5.8B |
| 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. An increasing number of investments is seen as positive prospect of the Canadian economy (or bullish sentiment for the CAD).
|
| 12:30 |
USD |
high |
Consumer Price Index (MoM) |
0.2% |
0.1% |
|
| The Consumer Price Index released by the US Department of Labor 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 USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
|
| 12:30 |
USD |
high |
Consumer Price Index (YoY) |
2.6% |
2.3% |
2.1% |
| The Consumer Price Index released by the US Department of Labor 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 USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
|
| 12:30 |
USD |
medium |
Consumer Price Index Ex Food & Energy (MoM) |
-0.1% |
0.1% |
0.1% |
| The Consumer Price Index Ex Food & Energy released by the US Department of Labor is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
|
| 12:30 |
USD |
medium |
Consumer Price Index Ex Food & Energy (YoY) |
1.6% |
1.4% |
1.3% |
| The Consumer Price Index Ex Food & Energy released by the US Department of Labor is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
|
| 12:30 |
USD |
low |
Continuing Jobless Claims |
4558K |
4500K |
4579K |
| 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. Therefore, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish. |
| 12:30 |
USD |
low |
Current Account |
-$102.3B |
-$120B |
-$115.6B |
| The Current Account released by the Bureau of Economic Analysis is a net flow of current transactions, including goods, services, and interest payments into and out of the US. A current account surplus indicates that the flow of capital into the US exceeds the capital reduction. A high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative (or Bearish). |
| 12:30 |
CAD |
low |
Foreign investment in Canadian securities |
$11.11B |
$7.75B |
$11.8B |
| 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. An increasing number of investments is seen as positive prospect of the Canadian economy (or bullish sentiment for the CAD). |
| 12:30 |
USD |
medium |
Initial Jobless Claims |
462K |
456K |
457K |
| 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. Therefore, a decreasing number should be taken as positive or bullish for the USD.
|
| 13:00 |
EUR |
medium |
Trade Balance s.a. |
€4.4B |
|
|
Measures the total value of output produced by factories, mines, and utilities.
A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income. |
| 14:00 |
CAD |
high |
Bank of Canada Consumer Price Index Core (YoY) |
2% |
|
|
|
| 14:00 |
GBP |
low |
CBI Industrial Trends - Business Sentiment (QoQ) |
-39 |
|
|
|
| 14:00 |
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. A high reading is seen as positive (or bullish).
|
| 14:00 |
USD |
medium |
Philadelphia Fed Manufacturing Survey |
17.6 |
18 |
18.9 |
| 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. An above-the-expectaitons reading is seen as positive. |
| 15:30 |
USD |
high |
Consumer Price Index (MoM) |
0.2% |
|
|
Derivative of the Tokyo Consumer Price Index (CPI) that excludes the Fresh Food items.
Fresh Food purchases can be volatile from month to month and can distort the overall picture, so CPI with the exclusion of this volatile component is thought to be a better indicator of the underlying inflation trend. |
| 15:30 |
USD |
high |
Consumer Price Index (YoY) |
2.6% |
|
|
Next Release: Jun 3, 2008
Speaker: ECB President Jean-Claude Trichet;
Description: Due to speak at the ECB's 10th Anniversary conference;
FF Notes: Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Acronyms: European Central Bank (ECB);
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 speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts;
|
| 15:30 |
USD |
medium |
Consumer Price Index Ex Food & Energy (YoY) |
1.6% |
|
|
Measures the change in spending for services.
A rising trend has a positive effect on the nation's currency because about half of the nation's workers are employed in the service industry. Strong spending in the services sector not only signals higher employment rates, but can also be a sign of strong consumer spending in the future. |
| 15:30 |
CAD |
low |
Foreign investment in Canadian securities |
$11.23B |
|
|
Next Release: Sep 3, 2008
Measures: Change in the value of all goods and services produced by the economy;
Usual Effect: Actual > Forecast = Good for currency;
Frequency: Released quarterly, about 60 days after the quarter ends;
FF Notes: The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are three versions of GDP released about 15 apart - Flash, Revised, and Final. The Flash release is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Acronyms: Gross Domestic Product (GDP);
|
| 17:00 |
USD |
low |
Leading Indicators (MoM) |
0.3% |
|
|
The Services Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion.
A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. |
| 17:00 |
USD |
medium |
Philadelphia Fed Manufacturing Survey |
17.6 |
|
|
Measures the value of sales at the retail level.
A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises. |
| 21:45 |
NZD |
low |
Visitor Arrivals |
-2.4% |
|
|
| 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. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish). |
