Date
GMT+07:00
Event Value
Aug, 22 05:45
★★★
Retail Sales
Retail Sales
Country:
Date: Aug, 22 05:45
Importance: High
Previous: 0.1% q/q; 0.6% q/q
Forecast: 0.4% q/q; 0.8% q/q
Actual: -
Period: 2 quarter
Change in the total value of inflation-adjusted sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
0.1% q/q; 0.6% q/q
Aug, 23 01:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: Aug, 23 01:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

Aug, 23 18:30
★★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: Aug, 23 18:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Jul
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
Aug, 24 06:30
★★★
National CPI
National CPI
Country:
Date: Aug, 24 06:30
Importance: High
Previous: 0.7% y/y
Forecast: -
Actual: -
Period: Jul

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen 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 Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

0.7% y/y
Aug, 24 19:30
★★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Aug, 24 19:30
Importance: High
Previous: 1.0% m/m; 0.4% m/m
Forecast: -0.3% m/m; 0.5% m/m
Actual: -
Period: Jul

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.

1.0% m/m; 0.4% m/m
Aug, 24 21:00
★★★
Federal Reserve Chairman Jerome Powell Speaks
Federal Reserve Chairman Jerome Powell Speaks
Country:
Date: Aug, 24 21:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. 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.
Aug, 25 23:25
★★★
BOC Governor Stephen Poloz Speaks
BOC Governor Stephen Poloz Speaks
Country:
Date: Aug, 25 23:25
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.
Aug, 28 21:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Aug, 28 21:00
Importance: High
Previous: 127.4
Forecast: -
Actual: -
Period: Aug

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.

127.4
Aug, 30 08:30
★★★
Private Capital Expenditure
Private Capital Expenditure
Country:
Date: Aug, 30 08:30
Importance: High
Previous: 0.4% q/q
Forecast: -
Actual: -
Period: 2 quarter

The release is published every quarter, and about 60 days after the quarter ends. It is published by the Australian Bureau of Statistics, and measures the alteration in the overall inflation-amended value (real value) of new capital investments produced by private businesses. The data release is important for traders, as it is a top indicator of Australia’s economic health. Additionally, a change in the investment levels for businesses is usually a sign for future economic movement, including earning, spending and hiring.

0.4% q/q
Aug, 30 19:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Aug, 30 19:30
Importance: High
Previous: 0.5% m/m; 2.6% y/y
Forecast: -
Actual: -
Period: Jun

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.

0.5% m/m; 2.6% y/y
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