Date
GMT+01:00
Event
May, 26 05:30
All Industry Activity Index
All Industry Activity Index
Country:
Date: May, 26 05:30
Importance: Low
Previous: -0.6%
Forecast: -3.9%
Actual: -
Period: Mar

Evaluates the monthly change in overall production by all sectors of the Japanese economy. The index comprises a variety of industries: service, manufacturing, construction and public sectors are included. 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.

May, 26 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: May, 26 06:00
Importance: Low
Previous: 0.1%
Forecast: 0.0%
Actual: -
Period: Apr
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.
May, 26 07:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: May, 26 07:00
Importance: Low
Previous: -23.4
Forecast: -19.1
Actual: -
Period: Jun

The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

May, 26 07:00
Trade Balance
Trade Balance
Country:
Date: May, 26 07:00
Importance: Low
Previous: 4.02bln
Forecast: 3.89bln
Actual: -
Period: Apr

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

May, 26 10:00
★★
MPC Member Andy Haldane Speaks
MPC Member Andy Haldane Speaks
Country:
Date: May, 26 10:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Andy Haldane is the Chief Economist at the Bank of England and also a voting member of the Bank’s Monetary Policy Committee since June 2014 until May 2017. He was acknowledged as being one amongst the world's 100 most influential people. His speeches are mainly focused on financial stability, monetary issues and market risks. All these topics may provide markets with a direction in the regulator’s situation assessment and its further actions.
May, 26 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: May, 26 11:00
Importance: Low
Previous: -55
Forecast: -65
Actual: -
Period: May

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

May, 26 13:30
Corporate Profits
Corporate Profits
Country:
Date: May, 26 13:30
Importance: Low
Previous: 3.6%
Forecast: -
Actual: -
Period: 1 quarter
Shows the dynamics in the amount of profit by the corresponding period. Growth reflects improvements in the corporate sector, which can support a course on speculation about stronger labor market performance in the future and a higher capital inflow in the country.
May, 26 14:00
House Price Index
House Price Index
Country:
Date: May, 26 14:00
Importance: Low
Previous: 0.7%
Forecast: 0.6%
Actual: -
Period: Mar

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

May, 26 14:00
Case-Shiller 20 City
Case-Shiller 20 City
Country:
Date: May, 26 14:00
Importance: Low
Previous: 3.5%
Forecast: 3.4%
Actual: -
Period: Mar
The S&P Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
May, 26 14:00
ECB Financial Stability Report
ECB Financial Stability Report
Country:
Date: May, 26 14:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Since 2004 the ECB has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area.
May, 26 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: May, 26 15:00
Importance: High
Previous: 86.9
Forecast: 87.1
Actual: -
Period: May

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

May, 26 15:00
★★
New Home Sales
New Home Sales
Country:
Date: May, 26 15:00
Importance: Medium
Previous: 627K; -15.4%
Forecast: 492K; -25.8%
Actual: -
Period: Apr

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 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.

The report headline is the total amount of properties sold.

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