Date
GMT+07:00
Event Value
Dec, 22 20:30
★★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Dec, 22 20:30
Importance: High
Previous: -1.2% m/m; 0.4% m/m
Forecast: -
Actual: -
Period: Nov

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

-1.2% m/m; 0.4% m/m
Dec, 22 20:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Dec, 22 20:30
Importance: High
Previous: 0.2% m/m; 3.3% y/y
Forecast: -
Actual: -
Period: Oct

A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

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 prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish.

Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

0.2% m/m; 3.3% y/y
Dec, 22 16:30
★★★
Current Account
Current Account
Country:
Date: Dec, 22 16:30
Importance: High
Previous: -23.2bln
Forecast: -
Actual: -
Period: 3 quarter

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 goods and services.

-23.2bln
Dec, 21 20:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Dec, 21 20:30
Importance: High
Previous: 0.1% m/m; 1.4% y/y
Forecast: -
Actual: -
Period: Nov

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. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). 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.

0.1% m/m; 1.4% y/y
Dec, 21 13:30
★★★
BOJ Press Conference
BOJ Press Conference
Country:
Date: Dec, 21 13:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Dec
It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.
Dec, 21 04:45
★★★
GDP
GDP
Country:
Date: Dec, 21 04:45
Importance: High
Previous: 0.8% q/q; 2.5% y/y
Forecast: -
Actual: -
Period: 3 quarter

A comprehensive measure of a New Zealand 's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. Economic expansion, indicated by a growing GDP, raises concerns about inflationary pressure.

GDP calculates the total market value of goods and services produced in New Zealand within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only. It is calculated as:

GDP = C + I + G + (EX - IM)

where

C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. These are the preliminary figures, and are usually revised every following month.

0.8% q/q; 2.5% y/y
Dec, 19 22:00
★★★
CB Consumer Confidence
CB Consumer Confidence
Country:
Date: Dec, 19 22:00
Importance: High
Previous: 129.5
Forecast: -
Actual: -
Period: Dec
CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar.
129.5
Dec, 19 20:30
★★★
Building Permits
Building Permits
Country:
Date: Dec, 19 20:30
Importance: High
Previous: 1297K; 5.9% m/m
Forecast: -
Actual: -
Period: Nov

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1297K; 5.9% m/m
Dec, 19 07:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Dec, 19 07:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Dec
The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.
Dec, 15 00:40
★★★
BOC Governor Stephen Poloz Speaks
BOC Governor Stephen Poloz Speaks
Country:
Date: Dec, 15 00:40
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Mr. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank. Mr. Poloz has over 30 years of public and private sector experience in financial markets, forecasting and economic policy. Traders and investors listen to his speeches, as they may contain hints at change the course of monetary policy, or a change in the Bank's assessments of the economic outlook.
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