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stringdate 2007-01-01 04:30:00+0330
2025-04-07 21:30:00+0330
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2007-02-07T17:00:00+03:30 | USD | Medium Impact Expected | Prelim Nonfarm Productivity q/q | 3.0% | 2.0% | 0.2% | Source: Bureau of Labor Statistics (latest release) | Measures: Annualized change in labor efficiency when producing goods and services, excluding the farming industry; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released quarterly, about 35 days after the quarter ends; | Next Release: May 3, 2007 | FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). Due to the double revision schedule the 'History' data will appear unconnected. There are 2 versions of this report released a month apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; | Why Traders Care: Productivity and labor-related inflation are directly linked - a drop in a worker's productivity is equivalent to a rise in their wage. When businesses pay more for labor the higher costs are usually passed on to the consumer; |
2007-02-07T19:00:00+03:30 | USD | Low Impact Expected | Crude Oil Inventories | -0.4M | 2.0M | 2.7M | Source: Energy Information Administration (latest release) | Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 4 days after the week ends; | Next Release: Feb 14, 2007 | FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; | Why Traders Care: It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility; | Also Called: Crude Stocks, Crude Levels; | Acro Expand: Energy Information Administration (EIA); |
2007-02-07T21:30:00+03:30 | USD | Medium Impact Expected | 10-y Bond Auction | 4.74|2.4 | null | 4.58|2.5 | Source: Treasury Direct (latest release) | Measures: Highest yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction; | Usual Effect: No consistent effect - there are both risk and growth implications; | Frequency: Conducted monthly; | Next Release: Mar 13, 2007 | FF Notes: Auction results are reported in an 'X.XX|X.X' format - the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted); | Why Traders Care: Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence; | Also Called: Treasury Auction, Note Auction; |
2007-02-07T23:30:00+03:30 | USD | Low Impact Expected | Consumer Credit m/m | 6.0B | 7.0B | 13.7B | Source: Federal Reserve (latest release) | Measures: Change in the total value of outstanding consumer credit that requires installment payments; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Mar 7, 2007 | Why Traders Care: It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money; |
2007-02-08T00:00:00+03:30 | AUD | Medium Impact Expected | Unemployment Rate | 4.5% | 4.6% | 4.6% | Source: Australian Bureau of Statistics (latest release) | Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 15 days after the month ends; | Next Release: Mar 15, 2007 | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; | Also Called: Jobless Rate; |
2007-02-08T00:00:00+03:30 | CHF | Medium Impact Expected | SECO Consumer Climate | 17 | 14 | 13 | Source: SECO (latest release) | Measures: Level of a composite index based on surveyed households; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, excluding January, about 10 days after the month ends; | Next Release: May 10, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism. Source changed series calculation formula as of Nov 09. Source changed release frequency from quarterly to monthly as of Feb 2024; | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 2,800 households which asks respondents to rate the relative level of past and future economic conditions; | Acro Expand: State Secretariat for Economic Affairs (SECO); |
2007-02-08T00:00:00+03:30 | JPY | Low Impact Expected | M2 Money Stock y/y | 1.0% | 0.8% | 0.8% | Source: Bank of Japan (latest release) | Measures: Change in the total quantity of domestic currency in circulation and deposited in banks; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 11 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: Much of this data is released in the Monetary Base report about a week earlier; | Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation; |
2007-02-08T00:00:00+03:30 | USD | Low Impact Expected | Unemployment Claims | 311K | 310K | 308K | Source: Department of Labor (latest release) | Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, usually on the first Thursday after the week ends; | Next Release: Feb 15, 2007 | FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Initial Claims; |
2007-02-08T00:00:00+03:30 | EUR | High Impact Expected | ECB Press Conference | null | null | null | Source: European Central Bank (latest release) | Speaker: ECB President and Vice President; | Usual Effect: More hawkish than expected is good for currency; | Frequency: Scheduled 8 times per year, about 45 minutes after the Minimum Bid Rate is announced; | Next Release: Mar 8, 2007 | FF Notes: The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time. Source changed release frequency from monthly to eight times per year as of Jan 2015; | Why Traders Care: It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy; | Also Called: Interest Rate Statement, ECB News Conference; | Acro Expand: European Central Bank (ECB); |
2007-02-08T00:00:00+03:30 | NZD | High Impact Expected | Unemployment Rate | 3.7% | 3.8% | 3.8% | Source: Statistics New Zealand (latest release) | Measures: Percentage of total work force that is unemployed and actively seeking employment during the previous quarter; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released quarterly, about 35 days after the quarter ends; | Next Release: May 10, 2007 | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; | Also Called: Jobless Rate; |
2007-02-08T00:00:00+03:30 | JPY | Low Impact Expected | Economy Watchers Sentiment | 47.2 | 49.0 | 48.9 | Source: Cabinet Office (latest release) | Measures: Level of a diffusion index based on surveyed workers who directly observe consumer spending by virtue of their job; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 9 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: Above 50.0 indicates optimism, below indicates pessimism; | Derived Via: Survey of about 2,050 workers which asks respondents to rate the relative level of current economic conditions; | Also Called: Eco Watchers Current Index; |
2007-02-08T01:15:00+03:30 | NZD | High Impact Expected | Employment Change q/q | -0.1% | 0.0% | -0.4% | Source: Statistics New Zealand (latest release) | Measures: Change in the number of employed people; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 35 days after the quarter ends; | Next Release: May 10, 2007 | FF Notes: Although this data is released extremely late, it's the earliest indication of the employment situation and tends to create hefty market impacts; | Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
2007-02-08T03:20:00+03:30 | JPY | Low Impact Expected | Bank Lending y/y | 1.7% | null | 1.7% | Source: Bank of Japan (latest release) | Measures: Change in the total value of outstanding bank loans issued to consumers and businesses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 9 days after the month ends; | Next Release: Mar 8, 2007 | 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; |
2007-02-08T03:31:00+03:30 | GBP | Low Impact Expected | NIESR GDP Estimate | 0.8% | null | 0.8% | Source: NIESR (latest release) | Measures: Change in the estimated value of all goods and services produced by the economy during the previous 3 months; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 10 days after the month ends; | Next Release: Mar 10, 2007 | FF Notes: NIESR estimates GDP data on a monthly basis in an effort to predict the quarterly government-released data. Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released; | Acro Expand: National Institute of Economic and Social Research (NIESR), Gross Domestic Product (GDP); |
2007-02-08T04:00:00+03:30 | AUD | High Impact Expected | Employment Change | -3.6K | 3.0K | 46.0K | Source: Australian Bureau of Statistics (latest release) | Measures: Change in the number of employed people during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 15 days after the month ends; | Next Release: Mar 15, 2007 | FF Notes: This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; | Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
2007-02-08T09:30:00+03:30 | JPY | Low Impact Expected | Prelim Machine Tool Orders y/y | 5.7% | null | -1.9% | Source: JMTBA (latest release) | Measures: Change in the total value of new orders placed with machine tool manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 10 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: There are 2 versions of this report released about a week apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance; | Acro Expand: Japan Machine Tool Builders Association (JMTBA); |
2007-02-08T10:15:00+03:30 | CHF | High Impact Expected | CPI m/m | -0.7% | -0.3% | 0.0% | Source: Federal Statistical Office (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 3 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: This is the earliest major inflation data released by any country, coming just days after the month ends; | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; | Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling; | Acro Expand: Consumer Price Index (CPI); |
2007-02-08T10:30:00+03:30 | EUR | Low Impact Expected | German Trade Balance | 14.4B | 17.0B | 19.1B | Source: Destatis (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. A positive number indicates that more goods were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: Foreign Trade; |
2007-02-08T11:30:00+03:30 | GBP | High Impact Expected | Halifax HPI m/m | 1.3% | 0.4% | -0.9% | Source: Halifax Bank of Scotland (latest release) | Measures: Change in the price of homes financed by HBOS; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 5 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: The exact release date is usually not announced by HBOS until shortly before it's released. There are 2 earlier reports on housing inflation, but this data is broad and based on HBOS's internal mortgage approval figures, which can lead sale-completion indicators by more than a month; | Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; | Also Called: HBOS HPI; | Acro Expand: House Price Index (HPI), Halifax Bank of Scotland (HBOS); |
2007-02-08T15:30:00+03:30 | GBP | High Impact Expected | Official Bank Rate | 5.25% | 5.25% | 5.25% | Source: Bank of England (latest release) | Measures: Interest rate at which the BOE lends to financial institutions overnight; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Scheduled monthly; | Next Release: Mar 8, 2007 | FF Notes: The rate decision is usually priced in the market, so it tends to be overshadowed by the Monetary Policy Summary, which is focused on the future; | Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; | Derived Via: MPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes; | Also Called: Interest Rates; | Acro Expand: Bank of England (BOE), Monetary Policy Committee (MPC); |
2007-02-08T16:15:00+03:30 | EUR | Medium Impact Expected | Main Refinancing Rate | 3.50% | 3.50% | 3.50% | Source: European Central Bank (latest release) | Measures: Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Scheduled 8 times per year; | Next Release: Mar 8, 2007 | FF Notes: The rate decision is usually priced into the market, so it tends to be overshadowed by the ECB Press Conference, held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015; | Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; | Derived Via: The 6 members of the ECB Executive Board and 15 of the 20 governors of the Euro area central banks vote on where to set the rate, via rotation. The split of votes is not publicly revealed; | Also Called: Interest Rates, Refi Rate, Repo Rate, Minimum Bid Rate; | Acro Expand: European Central Bank (ECB); |
2007-02-08T16:45:00+03:30 | CAD | High Impact Expected | Housing Starts | 249K | 216K | 213K | Source: CMHC (latest release) | Measures: Annualized number of new residential buildings that began construction during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 8, 2007 | FF Notes: While this is monthly data, it's reported in an annualized format (monthly figure x12); | Why Traders Care: It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder; | Acro Expand: Canada Mortgage and Housing Corporation (CMHC); |
2007-02-08T17:00:00+03:30 | CAD | Low Impact Expected | NHPI m/m | 0.0% | 0.5% | 0.5% | Source: Statistics Canada (latest release) | Measures: Change in the selling price of new homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 20 days after the month ends; | Next Release: Mar 8, 2007 | Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; | Acro Expand: New Housing Price Index (NHPI); |
2007-02-08T18:30:00+03:30 | USD | Low Impact Expected | Final Wholesale Inventories m/m | -0.5% | 0.6% | 1.1% | Source: Census Bureau (latest release) | Measures: Change in the total value of goods held in inventory by wholesalers; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this indicator released about a week apart - Preliminary and Final. The Preliminary release, which the source first reported in Aug 2016, is the earliest and thus tends to have the most impact; | Why Traders Care: It's a signal of future business spending because companies are more likely to purchase goods once they have depleted inventories; |
2007-02-08T19:00:00+03:30 | USD | Low Impact Expected | Natural Gas Storage | -224B | -219B | -186B | Source: Energy Information Administration (latest release) | Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 5 days after the week ends; | Next Release: Feb 15, 2007 | FF Notes: Inventories are used to maintain price stability during supply shortages and periods of increasing demand; | Also Called: Nat Gas Stocks, Nat Gas Inventories, Working Gas; | Acro Expand: Energy Information Administration (EIA); |
2007-02-08T21:30:00+03:30 | USD | Low Impact Expected | 30-y Bond Auction | 4.81|2.5 | null | 5.08|1.8 | Source: Treasury Direct (latest release) | Measures: Highest yield on a 30-year bond the government sold at auction, and the bid-to-cover ratio of the auction; | Usual Effect: No consistent effect - there are both risk and growth implications; | Frequency: Conducted monthly; | Next Release: May 10, 2007 | FF Notes: Auction results are reported in an 'X.XX|X.X' format - the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted); | Why Traders Care: Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence; | Also Called: Treasury Auction; |
2007-02-09T00:00:00+03:30 | EUR | Low Impact Expected | French Trade Balance | -2.9B | -2.9B | -2.7B | Source: Ministry for the Economy and Finance (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: A positive number indicates that more goods were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: Foreign Trade; |
2007-02-09T00:00:00+03:30 | CAD | High Impact Expected | Unemployment Rate | 6.2% | 6.1% | 6.1% | Source: Statistics Canada (latest release) | Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 8 days after the month ends; | Next Release: Mar 9, 2007 | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; | Also Called: Jobless Rate; |
2007-02-09T03:20:00+03:30 | JPY | Medium Impact Expected | Core Machinery Orders m/m | -0.7% | -0.5% | 3.8% | Source: Cabinet Office (latest release) | Measures: Change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 9, 2007 | Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders; | Also Called: Machine Orders; |
2007-02-09T04:00:00+03:30 | AUD | Medium Impact Expected | Home Loans m/m | 0.1% | 0.3% | -0.4% | Source: Australian Bureau of Statistics (latest release) | Measures: Change in the number of new loans granted for owner-occupied homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Source discontinued this data in Nov 2019; | Why Traders Care: It's a leading indicator of demand in the housing market - most homes are financed, so it provides an excellent gauge of how many qualified buyers are entering the market; | Also Called: Dwelling Finance Commitments; |
2007-02-09T10:30:00+03:30 | EUR | Low Impact Expected | German WPI m/m | 0.0% | -0.2% | 0.0% | Source: Destatis (latest release) | Measures: Change in the price of goods sold by wholesalers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 12 days after the month ends; | Next Release: Mar 9, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when wholesalers charge more for goods and services the higher costs are usually passed on to the consumer; | Acro Expand: Wholesale Price Index (WPI); |
2007-02-09T11:15:00+03:30 | EUR | Medium Impact Expected | French Industrial Production m/m | 1.1% | 0.2% | -0.4% | Source: INSEE (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 9, 2007 | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; | Also Called: Industrial Output; |
2007-02-09T12:30:00+03:30 | EUR | Low Impact Expected | Italian Industrial Production m/m | 2.0% | 0.7% | 0.5% | Source: Istat (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; | Also Called: Industrial Output; |
2007-02-09T13:00:00+03:30 | GBP | High Impact Expected | Goods Trade Balance | -7.1B | -7.0B | -6.9B | Source: Office for National Statistics (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: A positive number indicates that more goods were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: Visible Trade Balance; |
2007-02-09T15:30:00+03:30 | CAD | High Impact Expected | Employment Change | 89.0K | 25.0K | 62.0K | Source: Statistics Canada (latest release) | Measures: Change in the number of employed people during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 8 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; | Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
2007-02-09T23:59:59+03:30 | All | Medium Impact Expected | G7 Meetings | null | null | null | Description: Due to meet about a range of global economic issues, in Essen; | Next Release: Feb 10, 2007 | FF Notes: G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded. Both the comments and statement can create significant market volatility; | Why Traders Care: While it's not an institution, the G7 is an influential global policy-making body operating at the highest level, and their initiatives and policies can have a substantial impact on currency markets; | Acro Expand: Group of Seven (G7); |
2007-02-10T23:59:59+03:30 | All | High Impact Expected | G7 Meetings | null | null | null | Description: Due to meet about a range of global economic issues, in Essen; | Next Release: Apr 13, 2007 | FF Notes: G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded. Both the comments and statement can create significant market volatility; | Why Traders Care: While it's not an institution, the G7 is an influential global policy-making body operating at the highest level, and their initiatives and policies can have a substantial impact on currency markets; | Acro Expand: Group of Seven (G7); |
2007-02-12T00:00:00+03:30 | GBP | Low Impact Expected | PPI Output m/m | 0.3% | 0.2% | 0.2% | Source: Office for National Statistics (latest release) | Measures: Change in the price of goods sold by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 15 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Only includes goods produced domestically; | Also Called: Factory Gate Prices; | Acro Expand: Producer Price Index (PPI); |
2007-02-12T00:00:00+03:30 | GBP | Low Impact Expected | ONS HPI y/y | 9.9% | 9.4% | 8.8% | Source: Office for National Statistics (latest release) | Measures: Change in the selling price of homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Source discontinued this data in May 2016; | Acro Expand: House Price Index (HPI), Office for National Statistics (ONS); |
2007-02-12T04:00:00+03:30 | AUD | High Impact Expected | RBA Monetary Policy Statement | null | null | null | Source: Reserve Bank of Australia (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released quarterly; | Next Release: May 4, 2007 | Why Traders Care: It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions; | Also Called: Statement on Monetary Policy; | Acro Expand: Reserve Bank of Australia (RBA); |
2007-02-12T06:40:00+03:30 | CNY | High Impact Expected | USD-Denominated Trade Balance | 15.9B | 15.5B | 21.0B | Source: CGAC | Measures: Trade Balance in US Dollars terms; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, excluding Feb, about 10 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released. Tends to have a muted impact because similar insights are included with the Yuan-denominated Trade Balance, released about an hour earlier; | Acro Expand: Customs General Administration of China (CGAC); |
2007-02-12T13:00:00+03:30 | GBP | High Impact Expected | PPI Input m/m | -2.0% | -0.8% | 0.1% | Source: Office for National Statistics (latest release) | Measures: Change in the price of goods and raw materials purchased by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 15 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; | Acro Expand: Producer Price Index (PPI), Consumer Price Index (CPI); |
2007-02-12T19:00:00+03:30 | GBP | Low Impact Expected | CB Leading Index m/m | 0.1% | null | 0.1% | Source: The Conference Board Inc. (latest release) | Measures: Change in the level of a composite index based on 7 economic indicators; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously; | Derived Via: Combined reading of 7 economic indicators related to production, new orders, consumer confidence, stock prices, and interest rate spreads; | Also Called: Leading Indicators; | Acro Expand: The Conference Board (CB); |
2007-02-12T22:30:00+03:30 | USD | Medium Impact Expected | Federal Budget Balance | 38.2B | 40.0B | 44.5B | Source: US Department of the Treasury (latest release) | Measures: Difference in value between the federal government's income and spending during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the eighth business day after the month ends; | Next Release: Mar 12, 2007 | FF Notes: A positive number indicates a budget surplus, a negative number indicates a deficit; | Also Called: Monthly Treasury Statement, Treasury Budget; |
2007-02-12T23:59:59+03:30 | JPY | Non-Economic | Bank Holiday | null | null | null | Description: Japanese banks will be closed in observance of National Foundation Day; | Usual Effect: Low liquidity and irregular volatility; | Next Release: Mar 21, 2007 | FF Notes: Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules; | Why Traders Care: Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility; |
2007-02-13T00:00:00+03:30 | EUR | Medium Impact Expected | German ZEW Economic Sentiment | 2.9 | 5.2 | -3.6 | Source: ZEW (latest release) | Measures: Level of a diffusion index based on surveyed German institutional investors and analysts; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the second or third Tuesday of the current month; | Next Release: Mar 13, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism; | Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; | Derived Via: Survey of about 160 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany; | Acro Expand: Zentrum fur Europaische Wirtschaftsforschung (ZEW); |
2007-02-13T00:00:00+03:30 | GBP | Medium Impact Expected | RPI y/y | 4.2% | 4.5% | 4.4% | Source: Office for National Statistics (latest release) | Measures: Change in the price of goods and services purchased by consumers for the purpose of consumption; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 20, 2007 | FF Notes: RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households, and it includes housing costs which are excluded from CPI; | Acro Expand: Retail Price Index (RPI), Consumer Price Index (CPI); |
2007-02-13T00:00:00+03:30 | EUR | Low Impact Expected | ZEW Economic Sentiment | 6.8 | 3.0 | -1.8 | Source: ZEW (latest release) | Measures: Level of a diffusion index based on surveyed German institutional investors and analysts; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the second or third Tuesday of the current month; | Next Release: Mar 13, 2007 | FF Notes: Above 0.0 indicates optimism, below indicates pessimism. The ZEW survey is historically focused on the German economy, and Germany tends to lead the Eurozone economy, so this overall Eurozone outlook tends to be overshadowed by the German data released at the same time; | Why Traders Care: It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; | Derived Via: Survey of about 160 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone; | Acro Expand: Zentrum fur Europaische Wirtschaftsforschung (ZEW); |
2007-02-13T00:00:00+03:30 | GBP | Medium Impact Expected | Core CPI y/y | 1.6% | 1.8% | 1.8% | Source: Office for National Statistics (latest release) | Measures: Change in the price of goods and services purchased by consumers, excluding the volatile food, energy, alcohol, and tobacco items; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 20, 2007 | FF Notes: The Core data has a mild impact relative to other countries because overall CPI is the central bank's mandated inflation target; | Acro Expand: Consumer Price Index (CPI); |
2007-02-13T00:00:00+03:30 | USD | High Impact Expected | Trade Balance | -61.2B | -59.5B | -58.1B | Source: Bureau of Economic Analysis (latest release) | Measures: Difference in value between imported and exported goods and services during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: The goods portion has a muted impact because it's a duplicate of the Goods Trade Balance data released about 5 days earlier. A positive number indicates that more goods and services were exported than imported; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: International Trade in Goods and Services; |
2007-02-13T00:00:00+03:30 | EUR | Medium Impact Expected | Industrial Production m/m | 1.0% | 0.4% | 0.3% | Source: Eurostat (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: Tends to have a relatively mild impact because Germany and France, which account for about half of the Eurozone's economy, release earlier production data; | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; | Also Called: Industrial Output; |
2007-02-13T00:00:00+03:30 | NZD | Low Impact Expected | PPI Output q/q | -0.5% | -0.4% | 0.7% | Source: Statistics New Zealand (latest release) | Measures: Change in the price of goods sold by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 50 days after the quarter ends; | Next Release: May 16, 2007 | FF Notes: Only includes goods produced domestically; | Also Called: Factory Gate Prices; | Acro Expand: Producer Price Index (PPI); |
2007-02-13T01:15:00+03:30 | NZD | High Impact Expected | PPI Input q/q | -0.3% | 0.0% | 2.0% | Source: Statistics New Zealand (latest release) | Measures: Change in the price of goods and raw materials purchased by manufacturers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 50 days after the quarter ends; | Next Release: May 16, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer; | Acro Expand: Producer Price Index (PPI); |
2007-02-13T03:20:00+03:30 | JPY | Low Impact Expected | PPI y/y | 2.2% | 2.4% | 2.5% | Source: Bank of Japan (latest release) | Measures: Change in the price of goods sold by corporations; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 12 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when corporations raise the price of their goods the higher costs are usually passed on to the consumer; | Also Called: CGPI; | Acro Expand: Producer Price Index (PPI), Corporate Goods Price Index (CGPI); |
2007-02-13T04:00:00+03:30 | AUD | Low Impact Expected | NAB Business Confidence | 6 | null | 4 | Source: National Australia Bank Limited (latest release) | Measures: Level of a diffusion index based on surveyed businesses, excluding the farming industry; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 11 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely and tends to have greater impact, the quarterly version has a larger sample size and additional questions regarding expectations; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; | Derived Via: Survey of about 350 businesses which asks respondents to rate the relative level of current business conditions; | Acro Expand: National Australia Bank (NAB); |
2007-02-13T05:30:00+03:30 | CNY | Medium Impact Expected | PPI y/y | 3.3% | 2.9% | 3.1% | Source: National Bureau of Statistics of China (latest release) | Measures: Change in the price of goods purchased and sold by producers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually about 10 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: It's a leading indicator of consumer inflation - when producers pay and charge more for goods the higher costs are usually passed on to the consumer; | Acro Expand: Producer Price Index (PPI); |
2007-02-13T08:30:00+03:30 | JPY | Low Impact Expected | Consumer Confidence | 48.1 | 48.8 | 45.9 | Source: Cabinet Office (latest release) | Measures: Level of a composite index based on surveyed households, excluding single-person homes; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 3 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 8,400 households which asks respondents to rate the relative level of economic conditions including overall livelihood, income growth, employment, and climate for major purchases; | Also Called: Consumer Mood, Household Confidence; |
2007-02-13T10:30:00+03:30 | EUR | High Impact Expected | German Prelim GDP q/q | 0.9% | 0.6% | 0.8% | Source: Destatis (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: May 15, 2007 | FF Notes: There are 2 versions of GDP released about 10 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: First Release GDP, Preliminary GDP; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-13T11:15:00+03:30 | EUR | Low Impact Expected | French Prelim GDP q/q | 0.6% | 0.5% | 0.0% | Source: INSEE (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 60 days after the quarter ends; | Next Release: May 15, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released about 30 days apart Flash, Prelim, and Final. The Flash release is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: GDP Second Estimate; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-13T11:30:00+03:30 | EUR | Low Impact Expected | Spanish Flash GDP q/q | 1.1% | 1.1% | 0.9% | Source: National Statistics Institute (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 30 days after the quarter ends; | Next Release: May 14, 2007 | FF Notes: There are 2 versions of GDP released about 20 days apart - Flash and Final. The Flash release is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-13T12:30:00+03:30 | EUR | Low Impact Expected | Italian Prelim GDP q/q | 1.1% | 0.4% | 0.3% | Source: Istat (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 30 days after the quarter ends; | Next Release: May 15, 2007 | FF Notes: Data is prone to early leaks by news agencies. Leaks will be reported on the calendar but will be retracted if deemed incorrect. There are 2 versions of GDP released about 25 days apart - Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance; | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: Preliminary GDP Estimate; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-13T13:00:00+03:30 | GBP | High Impact Expected | CPI y/y | 2.7% | 2.9% | 3.0% | Source: Office for National Statistics (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 20, 2007 | FF Notes: This is considered the UK's most important inflation data because it's used as the central bank's inflation target; | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; | Derived Via: The average price of various goods and services are sampled and then compared to the sampling done a year earlier; | Acro Expand: Consumer Price Index (CPI); |
2007-02-13T13:30:00+03:30 | EUR | Medium Impact Expected | Flash GDP q/q | 0.9% | 0.6% | 0.2% | Source: Eurostat (latest release) | Measures: Change in the inflation-adjusted value of all goods and services produced by the economy; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: May 15, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary Flash release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released about 20 days apart Preliminary Flash, Flash, and Revised. The Preliminary Flash release is the earliest and thus tends to have the most impact. | Why Traders Care: It's the broadest measure of economic activity and the primary gauge of the economy's health; | Also Called: GDP Second Estimate; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-13T16:00:00+03:30 | USD | Low Impact Expected | NFIB Small Business Index | 98.9 | null | 96.5 | Source: NFIB (latest release) | Measures: Level of a composite index based on surveyed small businesses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, on the second Tuesday after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Small Businesses are defined as an independent for-profit enterprise that employ between 1 and 250 people, not including the owners; | Derived Via: Survey of small businesses which asks respondents to rate the relative level of economic conditions including labor markets, inventories and sales, capital spending, inflation, earnings and wages, and credit markets; | Acro Expand: National Federation of Independent Business (NFIB); |
2007-02-13T17:00:00+03:30 | CAD | Medium Impact Expected | Trade Balance | 5.0B | 4.7B | 4.7B | Source: Statistics Canada (latest release) | Measures: Difference in value between imported and exported goods during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 35 days after the month ends; | Next Release: Mar 9, 2007 | FF Notes: A positive number indicates that more goods were exported than imported. About 75% of Canadian exports are purchased by the US; | Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | Also Called: International Merchandise Trade; |
2007-02-13T18:30:00+03:30 | USD | Low Impact Expected | RCM/TIPP Economic Optimism | 52.7 | 54.0 | 53.7 | Source: RealClearMarkets (latest release) | Measures: Level of a diffusion index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the start of the current month; | Next Release: Mar 13, 2007 | FF Notes: Above 50.0 indicates optimism, below indicates pessimism. Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released; | Derived Via: Survey of about 1,500 consumers which asks respondents to rate the relative level of economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies; | Also Called: RCM/TIPP Consumer Confidence; | Acro Expand: RealClearMarkets (RCM), TechnoMetrica Institute of Policy and Politics (TIPP); |
2007-02-14T00:00:00+03:30 | CNY | Medium Impact Expected | New Loans | 568B | null | 214B | Source: People's Bank of China (latest release) | Measures: Value of new yuan-denominated loans issued to consumers and businesses during the previous month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 11 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released; | 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; | Also Called: New Yuan Loans; |
2007-02-14T00:00:00+03:30 | USD | High Impact Expected | Core Retail Sales m/m | 0.3% | 0.4% | 1.3% | Source: Census Bureau (latest release) | Measures: Change in the total value of sales at the retail level, excluding automobiles; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends; | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | Also Called: Retail Sales Ex Autos; |
2007-02-14T00:00:00+03:30 | USD | Low Impact Expected | Fed Monetary Policy Report | null | null | null | Source: Federal Reserve (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Twice per year; | Next Release: Jul 18, 2007 | FF Notes: Report provides a summary of discussions of the conduct of monetary policy and economic developments and prospects for the future. It is submitted, along with testimony from the Federal Reserve Chair, to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services; | Acro Expand: Federal Reserve (Fed); |
2007-02-14T00:00:00+03:30 | GBP | Medium Impact Expected | Average Earnings Index 3m/y | 4.0% | 4.1% | 4.1% | Source: Office for National Statistics (latest release) | Measures: Change in the price businesses and the government pay for labor, including bonuses; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010; | Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; | Also Called: Average Earnings Including Bonuses; |
2007-02-14T00:00:00+03:30 | CNY | Low Impact Expected | M2 Money Supply y/y | 15.8% | 16.5% | 16.9% | Source: People's Bank of China (latest release) | Measures: Change in the total quantity of domestic currency in circulation and deposited in banks; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 11 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released; | Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation; | Also Called: Broad Money; |
2007-02-14T00:00:00+03:30 | USD | Medium Impact Expected | Business Inventories m/m | 0.0% | 0.2% | 0.2% | Source: Census Bureau (latest release) | Measures: Change in the total value of goods held in inventory by manufacturers, wholesalers, and retailers; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 13, 2007 | Why Traders Care: It's a signal of future business spending because companies are more likely to purchase goods once they have depleted inventories; |
2007-02-14T00:00:00+03:30 | GBP | Low Impact Expected | Unemployment Rate | 5.5% | 5.5% | 5.5% | Source: Office for National Statistics (latest release) | Measures: Percentage of total work force that is unemployed and actively seeking employment during the past 3 months; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 14, 2007 | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: ILO Unemployment Rate, Jobless Rate; |
2007-02-14T00:00:00+03:30 | USD | High Impact Expected | Retail Sales m/m | 0.0% | 0.3% | 1.2% | Source: Census Bureau (latest release) | Measures: Change in the total value of sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: This is the earliest and broadest look at vital consumer spending data; | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | Also Called: Advance Retail Sales; |
2007-02-14T00:00:00+03:30 | GBP | High Impact Expected | BOE Monetary Policy Report | null | null | null | Source: Bank of England (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released quarterly; | Next Release: May 16, 2007 | FF Notes: Report provides the BOE's projection for inflation and economic growth over the next 2 years. The BOE Governor also holds a press conference to discuss the report's contents after release. In Nov 2019 source changed report name from Inflation Report to Monetary Policy Report; | Why Traders Care: It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions; | Acro Expand: Bank of England (BOE); |
2007-02-14T01:15:00+03:30 | NZD | Low Impact Expected | FPI m/m | 1.4% | null | -0.5% | Source: Statistics New Zealand (latest release) | Measures: Change in the price of food and food services purchased by households; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 13 days after the month ends; | Next Release: Mar 12, 2007 | Why Traders Care: Although food is among the most volatile consumer price components, this indicator garners some attention because New Zealand's major inflation data is released on a quarterly basis; | Acro Expand: Food Price Index (FPI); |
2007-02-14T03:00:00+03:30 | AUD | Low Impact Expected | Westpac Consumer Sentiment | 1.7% | null | 7.3% | Source: Westpac Banking Corporation (latest release) | Measures: Change in the level of a diffusion index based on surveyed consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually on the second Tuesday of the current month; | Next Release: Mar 14, 2007 | FF Notes: The impact tends to be mild but varies from month to month due to volatility in the data set; | Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; | Derived Via: Survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases; | Also Called: Westpac-Melbourne Institute Consumer Sentiment; |
2007-02-14T03:20:00+03:30 | JPY | Low Impact Expected | Current Account | 1.87T | 2.01T | 1.95T | Source: Ministry of Finance (latest release) | Measures: Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 40 days after the month ends; | Next Release: Mar 12, 2007 | FF Notes: The goods portion has no impact because it's a duplicate of the Trade Balance data released about 20 days earlier; | Why Traders Care: It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country; | Also Called: Adjusted Current Account; |
2007-02-14T05:30:00+03:30 | CNY | Medium Impact Expected | CPI y/y | 2.2% | 2.7% | 2.8% | Source: National Bureau of Statistics of China (latest release) | Measures: Change in the price of goods and services purchased by consumers; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually about 10 days after the month ends; | Next Release: Mar 13, 2007 | Why Traders Care: Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates; | Derived Via: The average price of various goods and services are sampled and then compared to the sampling done a year earlier; | Acro Expand: Consumer Price Index (CPI); |
2007-02-14T08:00:00+03:30 | JPY | Low Impact Expected | Revised Industrial Production m/m | 0.9% | 0.7% | 0.7% | Source: METI (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this indicator released about 15 days apart - Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; |
2007-02-14T09:55:00+03:30 | CNY | Low Impact Expected | Foreign Direct Investment ytd/y | 13.8% | null | 4.2% | Source: National Bureau of Statistics of China (latest release) | Measures: Change in the total spending on domestic capital investments by foreign companies; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 13 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released. Data represents the year-to-date investment compared to the same period a year earlier; | Also Called: Yuan FDI YTD; | Acro Expand: Foreign Direct Investment (FDI), Year to Date (YTD); |
2007-02-14T13:00:00+03:30 | GBP | High Impact Expected | Claimant Count Change | -13.5K | -5.0K | -5.5K | Source: Office for National Statistics (latest release) | Measures: Change in the number of people claiming unemployment-related benefits during the previous month; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: It's the first indication of the employment situation, released a month earlier than the Unemployment Rate. Source changed series calculation formula as of Jun 2015; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Unemployment Change; |
2007-02-14T13:40:00+03:30 | EUR | Low Impact Expected | German 10-y Bond Auction | 4.11|1.8 | null | 3.94|1.8 | Source: Bundesbank (latest release) | Measures: Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction; | Usual Effect: No consistent effect - there are both risk and growth implications; | Frequency: Variable, about 11 times per year; | Next Release: May 23, 2007 | FF Notes: Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released; | Why Traders Care: Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence; | Also Called: Bund Auction; |
2007-02-14T14:00:00+03:30 | GBP | High Impact Expected | BOE Gov King Speaks | null | null | null | Description: Due to hold a press conference, along with other MPC members, about the Inflation Report, in London; | Source: Bank of England (latest release) | Speaker: BOE Governor Mervyn King; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Mar 27, 2007 | FF Notes: BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues; | Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Bank of England (BOE); |
2007-02-14T17:00:00+03:30 | CAD | Low Impact Expected | New Motor Vehicle Sales m/m | 5.6% | 5.0% | 3.4% | Source: Statistics Canada (latest release) | Measures: Change in the number of new cars and trucks sold domestically; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: Source discontinued this data in Apr 2012; | Why Traders Care: It's a sign of consumer confidence - rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money; |
2007-02-14T18:30:00+03:30 | USD | High Impact Expected | Fed Chairman Bernanke Testifies | null | null | null | Description: Due to testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC; | Source: Federal Reserve (latest release) | Speaker: Federal Reserve Chairman Ben Bernanke; | Usual Effect: More hawkish than expected is good for currency; | Next Release: Feb 15, 2007 | FF Notes: The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility; | Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; | Acro Expand: Federal Reserve (Fed); |
2007-02-14T19:00:00+03:30 | USD | Low Impact Expected | Crude Oil Inventories | -0.6M | 1.0M | -0.4M | Source: Energy Information Administration (latest release) | Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 4 days after the week ends; | Next Release: Feb 22, 2007 | FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; | Why Traders Care: It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility; | Also Called: Crude Stocks, Crude Levels; | Acro Expand: Energy Information Administration (EIA); |
2007-02-15T00:00:00+03:30 | USD | Medium Impact Expected | Import Prices m/m | -1.2% | -0.2% | 1.1% | Source: Bureau of Labor Statistics (latest release) | Measures: Change in the price of imported goods and services purchased domestically; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 13 days after the month ends; | Next Release: Mar 14, 2007 | FF Notes: This is the earliest government-released inflation data; | Why Traders Care: It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods and services; | Also Called: Import Price Index; |
2007-02-15T00:00:00+03:30 | JPY | Medium Impact Expected | Prelim GDP Price Index y/y | -0.5% | -0.5% | -0.7% | Source: Cabinet Office (latest release) | Measures: Change in the price of all goods and services included in GDP; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released quarterly, about 45 days after the quarter ends; | Next Release: May 17, 2007 | Why Traders Care: It's the broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation; | Also Called: GDP Deflator; | Acro Expand: Gross Domestic Product (GDP); |
2007-02-15T00:00:00+03:30 | NZD | Low Impact Expected | Core Retail Sales q/q | 1.5% | null | 1.4% | Source: Statistics New Zealand (latest release) | Measures: Change in the total volume of inflation-adjusted sales at the retail level, excluding automobiles and gas stations; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released Quarterly, about 55 days after the quarter ends; | Next Release: May 14, 2007 | FF Notes: Automobile and gas station sales account for about 20% of Retail Sales, but they tend to be volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends; | Also Called: Retail Sales Ex Autos; |
2007-02-15T00:00:00+03:30 | USD | Low Impact Expected | Natural Gas Storage | -259B | -254B | -224B | Source: Energy Information Administration (latest release) | Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, 5 days after the week ends; | Next Release: Feb 22, 2007 | FF Notes: Inventories are used to maintain price stability during supply shortages and periods of increasing demand; | Also Called: Nat Gas Stocks, Nat Gas Inventories, Working Gas; | Acro Expand: Energy Information Administration (EIA); |
2007-02-15T00:00:00+03:30 | NZD | Low Impact Expected | Retail Sales q/q | 1.8% | 1.2% | 1.3% | Source: Statistics New Zealand (latest release) | Measures: Change in the total value of inflation-adjusted sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released Quarterly, about 55 days after the quarter ends; | Next Release: May 14, 2007 | FF Notes: Although this data is extremely late relative to retail data from other countries, it's the primary gauge of consumer spending and tends to create hefty market impacts; | Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; |
2007-02-15T00:00:00+03:30 | AUD | Low Impact Expected | RBA Bulletin | null | null | null | Source: Reserve Bank of Australia (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released Quarterly; | Next Release: Mar 15, 2007 | FF Notes: Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010; | Why Traders Care: It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Acro Expand: Reserve Bank of Australia (RBA); |
2007-02-15T00:00:00+03:30 | EUR | Medium Impact Expected | ECB Monthly Bulletin | null | null | null | Source: European Central Bank (latest release) | Usual Effect: More hawkish than expected is good for currency; | Frequency: Released monthly, 7 days after the Minimum Bid Rate is announced; | Next Release: Mar 15, 2007 | FF Notes: Source discontinued this data in Dec 2014; | Why Traders Care: It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint; | Acro Expand: European Central Bank (ECB); |
2007-02-15T00:00:00+03:30 | USD | Medium Impact Expected | Empire State Manufacturing Index | 24.4 | 10.5 | 9.1 | Source: Federal Reserve Bank of New York (latest release) | Measures: Level of a diffusion index based on surveyed manufacturers in New York state; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, around the middle of the current month; | Next Release: Mar 15, 2007 | FF Notes: Above 0.0 indicates improving conditions, below indicates worsening conditions; | Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; | Derived Via: Survey of about 200 manufacturers in New York state which asks respondents to rate the relative level of general business conditions; | Also Called: New York Manufacturing Index; |
2007-02-15T00:00:00+03:30 | USD | Low Impact Expected | Unemployment Claims | 357K | 314K | 313K | Source: Department of Labor (latest release) | Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; | Usual Effect: 'Actual' less than 'Forecast' is good for currency; | Frequency: Released weekly, usually on the first Thursday after the week ends; | Next Release: Feb 22, 2007 | FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; | Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy; | Also Called: Jobless Claims, Initial Claims; |
2007-02-15T00:00:00+03:30 | NZD | High Impact Expected | Retail Sales m/m | 0.7% | 0.7% | -0.2% | Source: Statistics New Zealand (latest release) | Measures: Change in the total value of sales at the retail level; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Source discontinued this data in Feb 2011; |
2007-02-15T00:00:00+03:30 | USD | Medium Impact Expected | Industrial Production m/m | -0.5% | 0.0% | 0.5% | Source: Federal Reserve (latest release) | Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 16 days after the month ends; | Next Release: Mar 16, 2007 | Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; | Also Called: Factory Output; |
2007-02-15T01:00:00+03:30 | AUD | Low Impact Expected | MI Inflation Expectations | 3.2% | null | 3.5% | Source: Melbourne Institute (latest release) | Measures: Percentage that consumers expect the price of goods and services to change during the next 12 months; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, usually the second Thursday after the month ends; | Next Release: Mar 15, 2007 | FF Notes: Full reports are only available to Melbourne Institute subscribers. Source changed series calculation formula as of May 2014; | Why Traders Care: Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise; | Also Called: Consumer Inflation Expectations; | Acro Expand: Melbourne Institute (MI); |
2007-02-15T01:15:00+03:30 | NZD | High Impact Expected | Core Retail Sales m/m | 0.2% | 0.2% | -0.1% | Source: Statistics New Zealand (latest release) | Measures: Change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations; | Usual Effect: 'Actual' greater than 'Forecast' is good for currency; | Frequency: Released monthly, about 45 days after the month ends; | Next Release: Mar 13, 2007 | FF Notes: Source discontinued this data in Feb 2011; | Also Called: Retail Sales Ex Autos; |
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