You might want to focus on some type of data and ignore the rest: Nonetheless, the most significant component of the Japanese current account is the trade balance figure. Thank you, the event has been exported to your calendar. But these logistical advances put particular emphasis on growing inventories. Tracks trends in machine tool orders placed by major manufacturers in Japan. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion.
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Gauge for costs of homes in the United Kingdom. The figure is based on surveyors' opinions on the state of the market, calculated as is the percent of surveyors reporting a rise in prices minus those reporting a fall.
A rise in house prices indicates a strong housing market, which generally reflects a strong overall economy. As prices for input materials and the overall cost of manufacturing change, companies adjust retail prices accordingly. The headline numbers are the percentage change in the index month or month and annually. The total value of machinery orders placed at major manufacturers in Japan.
Machine Orders is considered the best leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better forward outlook. Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run new machinery. The headline figure is the seasonally-adjusted month-on-month and annualized percentage change. Tracks the number of employed in Australia.
A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases. The headline figure is the annualized percentage change in employed workers. The percent of unemployed persons in the labor force. The Unemployment Rate serves as a leading indicator of the health of the labor market.
The report is very timely, coming out just a few weeks after the reporting period. Additionally, the figure has a significant impact on the market because of the overall importance of employment for the economy. Higher unemployment leads to less income for Australian workers who, in turn, may reduce consumption.
As consumer spending contributes to a majority of Australia 's GDP, developments in the labor market directly affect prospects for Australian growth. Unemployed persons are those who have no job but are actively seeking work; the labor force is the total of employed and unemployed persons.
The seasonally-adjusted proportion of the entire population that is currently employed or unemployed but actively seeking employment.
The Participation Rate indicates how much of the population is willing and able to work; thus, the figure is a snapshot of the productivity potential and current conditions of Australia 's labor market. Report has little market impact. The annualized change in the value of condominiums sold each month within the capital. Although the Tokyo Condominium Sales report focuses on a narrow portion of Japan's housing sector, the figure is timely, coming out just two weeks after the reporting more, and has served as a leading indicator of the direction of the overall housing market.
The number is sometimes used to gauge strength in consumer spending. As a measure of the real estate market, the figure responds quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. Increasing sales are generally bullish for the economy, as they indicate economic growth to come.
Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase.
An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items. The German CPI is significant as one of the primary gauges of inflation.
As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term. Tracks inflation in producer and import prices in Switzerland.
The headline figure is the percentage change in the index from the previous period. Changes in this index will generally precede changes in the consumer price index, as higher import costs and producer prices tend to eventually be passed to consumers. As with any indicator of inflation, increases in producer and import prices tend to act as an appreciating weight for the Swiss franc because inflationary pressures are almost always met with interest rate increases from the Swiss central bank.
The figure represents changes in the combined producer and import price index, calculated from changes in producer prices and import prices, giving appropriate weight to the proportion of domestic and imported goods. The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds.
Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slows inflation but can stymie growth.
The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governers make policy goals clear and the Bank adheres to a stated inflation target of 2 percent, changing rates accordingly to meet that goal.
Because of this, rate decisions are generally well anticipated, but very important nonetheless. The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.
Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy.
The ECB President's language will be "hawish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely. Higher housing prices suggest stronger consumer demand and growth in the housing market.
At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index. The New Housing Price Index takes into account the quality and features of the new homes sold.
For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased e. CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power.
The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for.
Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers. The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns. On A Technical Note: The CPI includes over categories of goods and services included, divided into 8 main groups, each with a different weight: The volume of items produced in Japan 's mining and manufacturing industries.
All products, whether sold domestically or abroad, are included in the calculation of industrial production. Industrial production is highly sensitive to the business cycle and can often predict future changes in employment, earnings, and personal income. For these reasons industrial production is considered a reliable leading indicator that conveys information about the overall health of the Japanese economy.
Capacity utilization measures the extent to which Japanese manufacturing companies make use of their installed productive capacity factories and machinery. Capacity utilization reflects overall growth and demand in the economy. High capacity utilization usually exerts inflationary pressures as scarce resources are in high demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.
As a technical note, capacity utilization is referred to as Operating Ratio by the Japanese Ministry of Economy, Trade and Industry, and indexed to the year with a base value of The headline figure is the percentage change in the index from the previous month or previous year. The difference between exports and imports of Euro-zone goods and services. The Trade Balance is one of the biggest components of Europe 's Balance of Payment, and thus gives valuable insight into pressures on the value of the Euro.
A negative Trade Balance figure deficit indicates that imports are greater than imports. When exports are greater than imports, the Euro-zone experiences a trade surplus. Trade surpluses indicate that funds are coming into Europe in exchange for exported goods and services. Because such exported goods are usually purchased with Euros, trade surpluses typically indicates that currency is flowing into the Euro-zone.
Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. There are a number of factors that work to diminish the market impact of Euro-zone Balance of Trade. The report is not very timely, released fifty days after the reporting period. In addition, developments in many of the Trade Balance's components are typically well anticipated.
Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have been already felt during that month and not during the release of data.
Despite these considerations, and because of the overall significance of Trade Balance data, the release has historically been one of the more important reports out of Europe. The headline figure for trade balance is expressed in millions of Euros, and usually accompanied by the year-on-year percentage change. Capacity Utilization measures the extent to which U.
Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens.
High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. Unsold goods held by manufacturers, wholesalers and retailers.
Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.
Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times.
When business sales slow, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories. Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower.
Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America. While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks.
The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures. Data sourced by Thomson Reuters DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements.
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Monday, September 10, Tuesday, September 11, Swiss Federal Fast Link. It shows the strength of the UK housing market, which can be considered as the economy as a whole due to property prices' sensitivity to changes in the business cycle. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.
Imports released by Statistics Indonesia is a measure of the total goods and services imported into Indonesia. A steady demand for imports leads to growth in the trade deficit, which should be negative or bullish for the Rupiah. Exports released by Statistics Indonesia is a measure of the total goods and services exported out of Indonesia. A steady demand for Indonesian exports helps to support growth in the trade surplus, which should be positive or bullish for the Rupiah.
The Trade Balance released by Statistics Indonesia is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit.
If a steady demand in exchange for Indonesian exports is seen, the Rupiah will receive a positive or bullish effect, while a low reading is seen as negative or bearish. Generally, a high reading is seen as positive or bullish for the Euro, while a low reading is seen as negative or bearish. The Producer Price Index released by the Czech Statistical Office measures the average changes in prices in primary markets of the Czech Republic by producers of commodities in all states of processing.
Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive or bullish for the Koruna, whereas a low reading is seen as negative or bearish. The 3mth Jobless Average released by TurkStat is the number of unemployed workers in the economy.
If the number rises, it indicates a lack of expansion within the Turkish labor market and thus a weakening in the economy. Normally, a decrease in the figure is seen as positive or bullish for the Lira, while an increase is seen as negative or bearish. Industrial Production YoY Link. The Industrial Production released by TurkStat shows the volume of production of Turkish industries such as factories and manufacturing.
An uptrend is regarded as inflationary which may anticipate interest rates to rise. If there is industrial production growth, this may generate a positive or bullish sentiment for the Lira. Global Trade Balance Link. The Trade Balance released by the National Institute of Statistics is a balance between exports and imports of total goods and services. It is an event that generates some volatility for the Euro. If a steady demand in exchange for Italian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive or bullish for the common currency.
Trade Balance EU Link. If a steady demand in exchange for Italian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive or bullish for the Euro. The Budget Balance released by the Turkish Treasury is the difference between income and expenditure at the end of the budget's period. If the amount is positive then the balance shows a surplus, to the contrary, if it is negative, the balance is in deficit, therefore unveiling borrowing needs.
Generally, a surplus is seen as positive or bullish for the Lira and a deficit is seen as negative or bearish. Generally, a high reading anticipates a hawkish attitude which will be positive or bullish for the EUR, while a low reading is seen as negative or bearish. The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco.
The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative. German Buba Monthly Report Link. German Buba Monthly Report, released by Deutsche Bundesbank , contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.
The Gross Domestic Product released by Central Statistical Office is a measure of the total value of all goods and services produced by Ireland. The GDP is considered as a broad measure of economic activity and health. Generally speaking, a high reading is seen as positive or bullish for the Euro, while a negative trend is seen as negative or bearish.
Corporate Sector Wages Link. The Corporate Sector Wages released by the Central Statistical Office is an indicator of labor cost inflation and of the tightness of labor markets. This figure can provide insight on the Polish employment situation. A high reading is positive for the Zloty, whereas a low reading is negative. Foreign portfolio investment in Canadian securities Link. The International Securities released by the Statistics Canada shows the movements of incoming and outcoming investments money market, stocks and bonds from Canada.
It also indicates the climate of foreign investors into Canadian securities and the CAD itself. This event causes volatility in the CAD.
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