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Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indexes measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation based.
Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings.
Views on future political policy taxes, politicians, government and economic conditions wages, inflation, unemployment are also surveyed. Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month. The Merchandise Trade Balance is a measure of "visible" trade, which is trade in goods like cars and electronics.
Specifically it is the difference between Japan 's imports of goods and exports of goods, excluding services. A positive value indicates a trade surplus exports exceed imports while a negative value indicates a trade deficit imports exceed exports. Movements in the Merchandise Trade Balance reflect altered demand for Japanese Yen, which can move the value of the currency. Positive growth in the trade balance may lead to a future appreciation of the Yen due to steady demand in exchange for Japanese exports.
The Merchandise Trade report itself gives insight into changing trends regarding Japanese trade. Such developments are especially important for Japan , which is an export-oriented economy that has historically experienced large trade surpluses, any affect on this could have dramatic affect on the domestic economy.
The headline figure is expressed as a percentage change from the last equivalent period, and a positive percentage change can indicate that export growth has exceeded import growth. Tracks automobile sales in Australia. Though motor vehicle sales are a small component of the overall economy, expenditures of such "big-ticket" items give good insight into consumer's spending ability. Additionally, the figure gauges consumer confidence; consumers and businesses are only likely to make the outlays needed for motor vehicles if they are optimistic about their current and future economic well being.
The figure is reported both as number of new automobile sales and as monthly percentage change. A measure of construction output and activity in the Euro Zone. Increased construction suggests a growing economy as expensive construction outlays reflect consumer and business optimism.
The index is commonly used as a business cycle indicator, as the housing market is closely tied to changes in economic growth. There are two headline figures. The current month's figure adjusted for economic fluctuations that occur throughout the year.
And the annualized figured including the full year's data. Tracks changes in housing prices in Australia 's eight provincial capital cities: Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra. The headline number is the weighted average percentage change from the previous quarter. Like any price index, the housing price indexes measure inflationary pressures, in this case specifically from the housing sector. The headline number is the quarterly percentage change in the index.
The total value of goods sold by major department store outlets. As the first non-auto consumption indicator released each month, the Department Store Sales figure can be used to forecast overall household spending.
An increase in Department Store Sales signals consumer confidence and growth in the economy. The headline figures are for nationwide sales and Tokyo area sales. The figure does not include auto sales, which are counted separately by the Japan Automobile Dealers Association, and is not seasonally adjusted. Measures the change in the prices paid by domestic producers.
Producer prices, also known as factory gate prices, are those charged by producers usually before retail, consumer markets.
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Increases in German Producer Prices act as an early indicator of inflation, as higher producer prices may be passed to consumers in the form of higher retail prices. Rising inflation is significant, especially coming from the largest economy in the Euro-zone. German inflation will contribute to Euro-zone figures, and may be checked by increasing interest rates.
The headline is expressed as percentage change in the Producer Price Index. German PPI excludes volatile items, such as energy components and seasonal food, in order to provide a more accurate picture of price developments. The value of items sold at small convenience stores, based on a monthly industry survey. Japanese consumers spend a significant portion of their income at the more than forty thousand convenience stores in the country.
In fact Japan has one of the highest convenience store per capita rates in the industrialized world. Even though a significant portion of Japan 's economy depends on global demand for exports, domestic consumption is still very important. Convenience Store Sales give good insight into developments in overall Japanese consumer spending because of the Japanese consumer's reliance on convenience stores to supply everyday necessities. As with most indicators of consumer spending, rapid growth in Convenience Store Sales signals mounting inflationary pressures.
The headline value is the percentage change in store sales from the previous year's sales. Summarizes the flow of goods, services, income and transfer payments in and out of the Euro-zone nations to other countries.
The report gauges how the Euro-zone nations' interact with the rest of the world. Current Account is one of the three components that make up a country's Balance of Payments Financial Account, Capital Account and Current Account.
Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country interacts with rest of the global economy on a non-investment basis. The Current Account tracks the trade balance exports and imports for goods and services , income payments such as interest, dividends and salaries and unilateral transfers aid, taxes, and one-way gifts.
A positive value current account surplus indicates that the flow of capital from these components into the Euro-zone exceeds the capital leaving the Euro-zone.
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A negative value current account deficit means that there is a net capital outflow from the Euro-zone. Persistent Current Account deficits may lead to a depreciation of a currency, as trade, income and transfer payments usually reflect that Euros are leaving the Euro Area to make payments abroad.
Conversely, underlying surpluses act as an appreciating weight on the Euro. The Euro-zone has a historically had an export oriented economy and has relied on exports as the engine for economic expansion.
To this day, trade surpluses form the foundation of Euro-zone current account surpluses. There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely; released monthly at least a month after the reporting period.
In addition, many of the components that lead to the final Current Account, such as production and trade figures, are known well in advance.
Lastly, since the report reflects data for a specific reporting month, any significant developments in the Current Account should theoretically have been already felt during that quarter.
But just like GDP and Trade Balance, Current Account is central to forecasting long term developments in foreign exchange rates. It gives a detailed picture of how the Euro-zone's aggregate economy interacts internationally, breaking down these exchanges into separate components that can be tracked and often anticipated. Thus the weight of the Current Account has led it historically to be one of the more important reports out of the Euro-zone.
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The headline figure is expressed in billions of Euros. The value of sales made by Canadian wholesalers. Wholesalers sell to industries and retailers in quantities far larger than most consumers are willing to purchase.
Given that growth in Wholesale Trade usually precedes increases in retail trade and consumption, changes in Wholesale Sales can be used as an early indicator for the overall direction of the retail sector, consumption, and the economy. The headline figure reports the monthly percentage change for Wholesale Sales, seasonally adjusted to account for variations in demand due to seasonal cycles.
These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment, and other products. The Current Account Balance Summarizes the flow of goods, services, income and transfer payments into and out of the US. The report acts as a line-item record of how the US economy interacts with the world economy.
The Current Account is one of the three components that make up a country's Balance of Payments Financial Account, Capital Account and Current Account , the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services.
The headline figure is expressed in billions of dollars. Evaluates the monthly change in overall production by all sectors of the Japanese economy.
The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion. The All Industry Activity Index is posted monthly as a percentage change from the previous month's figure.
Tracks trends in machine tool orders placed by major manufacturers in Japan. Machine Tool Orders is considered a leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better future outlook.
Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run and maintain new machinery.
The Machine Tool Orders figure tracks closely with the Machine Orders figure put out by the Economic and Social Research Institute, but tend to affect the market more since it is released nearly a month earlier.
The amount of money financed to the UK government. A higher value indicates a worsening fiscal condition for the British Government as the public sector is unable to maintain its spending patterns without further financing. As with any economy, budget deficits are unfavorable and viewed as bearish for the Pound. The amount of new debt held by the UK governments. In the long run, the public sector account must be in balance in order for the economy to be sustainable.
If the UK spends more than what it earns, it must finance this budget deficit with an increase in Net Borrowing. Because budget deficits are generally unfavorable for the economy, growth in Net Borrowing is considered bearish for the Pound.
Likewise, if Net Borrowing is negative, it means the UK is running a budget surplus and, rather than borrowing money, is a net lender. The headline number is the net borrowing for the previous month in billions of Pounds. Gauges demand for mortgage application in the US.
Tracking new home mortgages and refinances, MBA Mortgage Applications Survey serves at a current indicator for the US housing market.
Growth in mortgages suggests a healthy housing market. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion.
The headline figure is the weekly percentage change in the MBA Mortgage Applications figure. Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed.
The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications.
Records sales of previously owned homes in the United States. This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.
While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy. The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits.
By the time the Existing Home Sales are recorded, market conditions may have changed. The headline is the total value of properties sold. Need to ask questions to an analyst? Join the RBNZ rate decision live broadcast. NZD Reserve Bank of New Zealand Rate Decision.
The decision to change or maintain New Zealand 's Official Cash Rate. The RBNZ is known for its clarity regarding monetary policy intentions, thus the result is usually foreseen in advance. The decision aligns with the Reserve Bank of New Zealand 's monetary policy to spur or slow economic growth or affect the exchange rate.
The RBNZ maintains an inflationary target of percent and will change rates to keep it within such a range, making rate decisions fairly predictable. Rate changes are significant nonetheless, affecting interest rates in consumer loans, mortgages, and bond rates. Increases, or even expectations for rate increases tend to cause the New Zealand Dollar to appreciate, while rate decreases cause the currency to depreciate. The difference between the total value of Swiss exports and imports.
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Due to its small population and limited resources, foreign trade is very important for the Swiss economy and trade statistics can have a significant impact on markets. Switzerland's major trading partners include Germany, France, Italy and the United States. While Switzerland still exports large amounts of traditional products like chocolate and watches, today more than half of Swiss exports are in mechanical and electrical engineering and chemicals.
A positive Trade Balance indicates a trade surplus, and a negative balance represents a trade deficit. Trade surpluses indicate that foreigners are buying Swiss goods, which are typically paid for in Swiss Francs.
This translates into greater demand for the currency and upward pressure on the value of the Franc. Conversely, during a trade deficit, Swiss consumers have a higher demand for foreign currencies and this places downward pressure on the value of the Franc. Gauges sales at Canadian retail outlets. The report serves as a direct gauge of consumption and consumer confidence. Retail Trade is one an important leading indicator for Canada and part of the Index of Leading Indicator used to forecast economic developments.
An increasing number of sales can signal consumer confidence and growth to come, but higher consumption can also lead to inflationary pressures. The report considers sales for nine categories of retailers: Measures consumer sentiment in the Euro-zone nations. The figure is the result of Euro-zone consumer surveys personal finance, the job market, the likelihood of saving and expectations on the economy.
High levels of consumer confidence bode well for the economy, indicating consumers are more likely to increase consumption spurring growth and potentially sparking inflation. Conversely, low consumer confidence levels suggest decreased spending. The figure is determined by the difference between positive and negative answers. Therefore a headline above zero indicates positive consumer confidence, while a negative number shows more negative answers.
US Leading Indicators is a composite index designed to forecast trends in the overall economy. The index is based on ten key indicators known to precede changes in the economy. Though the index has a less than perfect historical record, it still is a worthwhile forecasting tool. Given the high volume of economic data, the Leading Indicators Index is useful by condensing ten indicators into one value headline figure.
Headline numbers will be a percentage annual growth of the overall composite. As high values are indicative of economic growth, such figures bode well for the overall US Economy. Uncontrolled growth lead by this figure however may raise concerns about inflation and economic stability.
The Gross Domestic Product is a comprehensive measure of a France's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets. Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency.
At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish. Join the Eurozone PMI live broadcast. The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services.
CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items. As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth.
Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.
Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release.
In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.
Generally the housing market is tracked by a number of reports that mark different stages of the construction and home sale process.
The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control for some of the volatility of other data.
For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending. New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income.
Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.
Consequently, g rowth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them. Measures the change in prices for goods imported by Germany. The Import Price Index is important in distinguishing changes in trade volume versus changes in trade prices. Whereas growth in import volume suggests stronger consumer demand and economic expansion, growth in import prices suggests higher production costs and inflationary pressures.
Only when growth in import volume is also complemented by stable import prices can it be indicative of real economic growth. The headlines are the monthly and annual percentage change in the index. Data sourced by Thomson Reuters DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements. Keep track of significant events that traders care about. As soon as event data is released, the DailyFX calendar automatically updates to provide traders with instantaneous information that they can use to formulate their trading decisions.
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EDUCATION Forex Trading University Trading Guide. DAILYFX PLUS RATES CHARTS RSS. DailyFX is the news and education website of IG Group. Wed Jun 21 Today. Sunday, June 18, The headline figure is percentage change in the index value from that of the previous month Discuss. JPY Merchandise Trade Balance Total Yen The Merchandise Trade Balance is a measure of "visible" trade, which is trade in goods like cars and electronics.
JPY Adjusted Merchandise Trade Balance Yen The Merchandise Trade Balance is a measure of "visible" trade, which is trade in goods like cars and electronics. Monday, June 19, GBP Formal Brexit Negotiations Will Begin. The figure is reported both as number of new automobile sales and as monthly percentage change Discuss. Tuesday, June 20, The headline number is the quarterly percentage change in the index Discuss. JPY Nationwide Department Store Sales YoY The total value of goods sold by major department store outlets.
JPY Tokyo Department Store Sales YoY The total value of goods sold by major department store outlets. German PPI excludes volatile items, such as energy components and seasonal food, in order to provide a more accurate picture of price developments Discuss. The headline value is the percentage change in store sales from the previous year's sales Discuss. The headline figure is expressed in billions of Euros Discuss. These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment, and other products Discuss.
The headline figure is expressed in billions of dollars Discuss. Winning Price MT 20 Jun. Wednesday, June 21, JPY All Industry Activity Index MoM Evaluates the monthly change in overall production by all sectors of the Japanese economy.
JPY Machine Tool Orders YoY Tracks trends in machine tool orders placed by major manufacturers in Japan. As with any economy, budget deficits are unfavorable and viewed as bearish for the Pound Discuss. The headline number is the net borrowing for the previous month in billions of Pounds Discuss. USD MBA Mortgage Applications Gauges demand for mortgage application in the US. The headline is the total value of properties sold Discuss.
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Therefore a headline above zero indicates positive consumer confidence, while a negative number shows more negative answers Discuss. USD Leading Indicators US Leading Indicators is a composite index designed to forecast trends in the overall economy.
Friday, June 23, Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish Discuss. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar Discuss. USD New Home Sales Records sales of newly constructed residences in the United States.
USD New Home Sales MoM Records sales of newly constructed residences in the United States. Rig Count 23 Jun. Saturday, June 24, EUR German Import Price Index MoM May. The headlines are the monthly and annual percentage change in the index Discuss. EUR German Import Price Index YoY May.