Date
GMT+01:00
Event
May, 20 05:30
Industrial Production
Industrial Production
Country:
Date: May, 20 05:30
Importance: Low
Previous: -0.9% m/m; -4.6% y/y
Forecast: -0.9% m/m; -4.6% y/y
Actual: -
Period: Mar

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

May, 20 07:00
PPI
PPI
Country:
Date: May, 20 07:00
Importance: Low
Previous: -0.1% m/m; 2.4% y/y
Forecast: 0.4% m/m
Actual: -
Period: Apr

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

May, 20 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: May, 20 09:00
Importance: Low
Previous: 26.8bln; 15.5bln
Forecast: 24.2bln
Actual: -
Period: Mar

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. 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.

May, 20 11:00
Bundesbank Monthly Report
Bundesbank Monthly Report
Country:
Date: May, 20 11:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance. It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.

May, 20 14:30
Leading Indicators
Leading Indicators
Country:
Date: May, 20 14:30
Importance: Low
Previous: 93.8; -0.4%
Forecast: -
Actual: -
Period: Mar

Leading Indicators is a composite index designed to forecast trends in the overall economy.

May, 21 02:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: May, 21 02:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
May, 21 03:15
★★★
RBA Governor Philip Lowe Speaks
RBA Governor Philip Lowe Speaks
Country:
Date: May, 21 03:15
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
RBA Governor Oct 2016 - Sep 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. 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.
May, 21 04:00
Credit Card Spending
Credit Card Spending
Country:
Date: May, 21 04:00
Importance: Low
Previous: -0.1% m/m; 5.1% y/y
Forecast: -
Actual: -
Period: Apr

Shows a change in the total expenditure made via credit cards.

May, 21 07:00
Trade Balance
Trade Balance
Country:
Date: May, 21 07:00
Importance: Low
Previous: 3.18bln
Forecast: -
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, 21 11:00
CBI industrial order books balance
CBI industrial order books balance
Country:
Date: May, 21 11:00
Importance: Low
Previous: -5
Forecast: -6
Actual: -
Period: May

This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.

May, 21 15:00
Existing Home Sales
Existing Home Sales
Country:
Date: May, 21 15:00
Importance: Low
Previous: 5.21M; -4.9%
Forecast: 5.35M; 2.0%
Actual: -
Period: Apr

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.

May, 21 15:00
Consumer Confidence
Consumer Confidence
Country:
Date: May, 21 15:00
Importance: Low
Previous: -7.9
Forecast: -
Actual: -
Period: May

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

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