Claws and Horns
News of the day. 23.06.2016
Japan
The Leading Economic Index and Coincident Index for April are due in Japan at 7:00 am (GMT+2). The Leading Economic Index, based on 13 indicators, is used to assess short- and medium-term economic conditions. A result above 50 is a positive factor for the JPY. A result below 50 is a negative factor for the JPY. The Coincident Index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the JPY. A result below 50 indicates a slowdown of the economy that, in its turn, has a negative impact on the JPY.
Germany
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to decline from 52.1 to 51.9 points in June. The index represents the state of the manufacturing sector and its growth perspectives. It is one of the key indicators of the state of the German economy. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
The Markit Services PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to grow from 53.3 to 53.4 points in June. The index represents the state of the services sector and its growth perspectives. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50, on the contrary, is perceived as negative and weakens the EUR.
Australia
Guy Debelle, Assistant Governor at the Reserve Bank of Australia, is giving his speech at 10:15 am (GMT+2). He has oversight of the Bank's operations in the domestic and global financial markets.
USA
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The number of claims is expected to decline from 277 to 271 thousands in the week ended 17 June. The indicator represents the number of new unemployment claims. The data is published weekly on Thursdays and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
The Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 50.7 to 50.8 points in June. The index is based on survey responses from executives of American companies operating in the manufacturing sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
Data on the New Home Sales for May is due in the US at 4:00 pm (GMT+2). It is an important indicator of the US property market. A growth in the index represents favourable economic conditions. A high reading strengthens the USD. A low reading weakens the USD.
The CB Leading Indicator is due in the US at 4:00 pm (GMT+2). The indicator is expected to fall from 0.6% to 0.2% in May. The index is based on 10 economic indicators, amongst which are the Initial Jobless Claims, Building Permits and Average Weekly Hours. A growth in the indicator strengthens the USD.
Japan
The Leading Economic Index and Coincident Index for April are due in Japan at 7:00 am (GMT+2). The Leading Economic Index, based on 13 indicators, is used to assess short- and medium-term economic conditions. A result above 50 is a positive factor for the JPY. A result below 50 is a negative factor for the JPY. The Coincident Index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the JPY. A result below 50 indicates a slowdown of the economy that, in its turn, has a negative impact on the JPY.
Germany
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to decline from 52.1 to 51.9 points in June. The index represents the state of the manufacturing sector and its growth perspectives. It is one of the key indicators of the state of the German economy. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
The Markit Services PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to grow from 53.3 to 53.4 points in June. The index represents the state of the services sector and its growth perspectives. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50, on the contrary, is perceived as negative and weakens the EUR.
Australia
Guy Debelle, Assistant Governor at the Reserve Bank of Australia, is giving his speech at 10:15 am (GMT+2). He has oversight of the Bank's operations in the domestic and global financial markets.
USA
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The number of claims is expected to decline from 277 to 271 thousands in the week ended 17 June. The indicator represents the number of new unemployment claims. The data is published weekly on Thursdays and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
The Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 50.7 to 50.8 points in June. The index is based on survey responses from executives of American companies operating in the manufacturing sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
Data on the New Home Sales for May is due in the US at 4:00 pm (GMT+2). It is an important indicator of the US property market. A growth in the index represents favourable economic conditions. A high reading strengthens the USD. A low reading weakens the USD.
The CB Leading Indicator is due in the US at 4:00 pm (GMT+2). The indicator is expected to fall from 0.6% to 0.2% in May. The index is based on 10 economic indicators, amongst which are the Initial Jobless Claims, Building Permits and Average Weekly Hours. A growth in the indicator strengthens the USD.
Claws and Horns
News of the day. 21.06.2016
Japan
The Bank of Japan releases its Monetary Policy Meeting Minutes at 1:50 am (GMT+2). The Regulator provides an overview of current economic conditions in the country and assesses economic prospects. Positive assessments strengthen the JPY. Negative assessments weaken the JPY.
Data on the All Industry Activity Index for April is due in Japan at 06:30 am (GMT+2). The index represents expenditures of large manufacturers in all sectors excluding the financial one. The data is considered as a leading indicator of productivity growth. Generally, an increase in the index strengthens the JPY, while a fall weakens the JPY.
Australia
The publication of the Reserve Bank of Australia Meeting's Minutes is due at 3:30 am (GMT+2). The Minutes of the RBA monetary policy meeting are released two weeks after the interest rate decision is announced. The publication contains commentaries regarding results of the meeting as well as information about the votes of each individual member of the Board.
The House Price Index is due in Australia at 3:30 am (GMT+2). The index represents changes in property prices. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
Data on the Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). The indicator represents the government debt. Positive values denote a budget deficit and weaken the GBP. Negative values imply the budget is in surplus and strengthen the GBP.
EU
Data on the Economic Sentiment is due in the EU at 11:00 am (GMT+2). The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from 350 leading financial experts in Europe regarding their opinion on current economic conditions in Europe, the US and Japan. Positive values represent an optimistic view on the economy and strengthen the Euro. Values below forecasts represent pessimism and weaken the EUR.
Germany
Data on the Current Situation is due in Germany at 11:00 am (GMT+2). The index is published by the Centre for European Economic Research (ZEW) and is based on survey responses from leading financial experts who assess current economic conditions in Europe. Positive values represent their optimistic view on the economy and strengthen the EUR. Values below forecasts represent pessimism and weaken the EUR.
Data on the Economic Sentiment is due in Germany at 11:00 am (GMT+2). The indicator is expected to fall from 6.4 to 3.0 points in June. The index is published by the Centre for European Economic Research (ZEW) and is based on survey responses from leading financial experts who assess current economic conditions in Europe. Positive values represent their optimistic view on the economy and strengthen the EUR. Values below forecasts represent pessimism and weaken the EUR.
Japan
The Bank of Japan releases its Monetary Policy Meeting Minutes at 1:50 am (GMT+2). The Regulator provides an overview of current economic conditions in the country and assesses economic prospects. Positive assessments strengthen the JPY. Negative assessments weaken the JPY.
Data on the All Industry Activity Index for April is due in Japan at 06:30 am (GMT+2). The index represents expenditures of large manufacturers in all sectors excluding the financial one. The data is considered as a leading indicator of productivity growth. Generally, an increase in the index strengthens the JPY, while a fall weakens the JPY.
Australia
The publication of the Reserve Bank of Australia Meeting's Minutes is due at 3:30 am (GMT+2). The Minutes of the RBA monetary policy meeting are released two weeks after the interest rate decision is announced. The publication contains commentaries regarding results of the meeting as well as information about the votes of each individual member of the Board.
The House Price Index is due in Australia at 3:30 am (GMT+2). The index represents changes in property prices. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
Data on the Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). The indicator represents the government debt. Positive values denote a budget deficit and weaken the GBP. Negative values imply the budget is in surplus and strengthen the GBP.
EU
Data on the Economic Sentiment is due in the EU at 11:00 am (GMT+2). The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from 350 leading financial experts in Europe regarding their opinion on current economic conditions in Europe, the US and Japan. Positive values represent an optimistic view on the economy and strengthen the Euro. Values below forecasts represent pessimism and weaken the EUR.
Germany
Data on the Current Situation is due in Germany at 11:00 am (GMT+2). The index is published by the Centre for European Economic Research (ZEW) and is based on survey responses from leading financial experts who assess current economic conditions in Europe. Positive values represent their optimistic view on the economy and strengthen the EUR. Values below forecasts represent pessimism and weaken the EUR.
Data on the Economic Sentiment is due in Germany at 11:00 am (GMT+2). The indicator is expected to fall from 6.4 to 3.0 points in June. The index is published by the Centre for European Economic Research (ZEW) and is based on survey responses from leading financial experts who assess current economic conditions in Europe. Positive values represent their optimistic view on the economy and strengthen the EUR. Values below forecasts represent pessimism and weaken the EUR.
Claws and Horns
News of the day. 20.06.2016
Germany
Data on the Producer Price Index for May is due in Germany at 8:00 am (GMT+2). The index represents the whole sale prices change from producers. A growth in the indicator generally strengthens the EUR. A fall in the indicator weakens the EUR.
Canada
Data on the Wholesale Sales for April is due in Canada at 2:30 (GMT+2). The indicator represents the volume of sales in the wholesale sector. A growth in wholesale sales suggests an increase in retail sales and, therefore, consumption volumes. A high reading strengthens the CAD. A low reading weakens the CAD.
Germany
Data on the Producer Price Index for May is due in Germany at 8:00 am (GMT+2). The index represents the whole sale prices change from producers. A growth in the indicator generally strengthens the EUR. A fall in the indicator weakens the EUR.
Canada
Data on the Wholesale Sales for April is due in Canada at 2:30 (GMT+2). The indicator represents the volume of sales in the wholesale sector. A growth in wholesale sales suggests an increase in retail sales and, therefore, consumption volumes. A high reading strengthens the CAD. A low reading weakens the CAD.
Claws and Horns
News of the day. 17.06.2016
EU
Data on the Labour Cost for the first quarter is due in the EU at 11:00 am (GMT+2). The indicator represents the change in the cost of labour. A growth in the cost of labour might be a signal of a future increase in prices of goods and services. A growth in the indicator strengthens the EUR. A fall in the indicator weakens the EUR.
At 5:00 pm (GMT+2), ECB President Mario Draghi is giving commentaries regarding current economic conditions in the eurozone. His speech, depending on the tone, might either support or weaken the EUR.
Canada
Data on the Consumer Price Index for May is due in Canada at 2:30 pm (GMT+2). The indicator is expected to be down from 1.7% to 1.6% on a year-over-year basis and to be up from 0.3% to 0.5% in monthly terms. The CPI represents the change in the price of the basket of goods and services. High values indicate the possibility of an increase in interest rates. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
US
Data on the Housing Starts is due in the US at 2:30 pm (GMT+2). The indicator represents the number of new building starts which is expected to decrease from 1.172 to 1.150 billion in May. A high reading strengthens the USD. A low reading weakens the USD.
EU
Data on the Labour Cost for the first quarter is due in the EU at 11:00 am (GMT+2). The indicator represents the change in the cost of labour. A growth in the cost of labour might be a signal of a future increase in prices of goods and services. A growth in the indicator strengthens the EUR. A fall in the indicator weakens the EUR.
At 5:00 pm (GMT+2), ECB President Mario Draghi is giving commentaries regarding current economic conditions in the eurozone. His speech, depending on the tone, might either support or weaken the EUR.
Canada
Data on the Consumer Price Index for May is due in Canada at 2:30 pm (GMT+2). The indicator is expected to be down from 1.7% to 1.6% on a year-over-year basis and to be up from 0.3% to 0.5% in monthly terms. The CPI represents the change in the price of the basket of goods and services. High values indicate the possibility of an increase in interest rates. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
US
Data on the Housing Starts is due in the US at 2:30 pm (GMT+2). The indicator represents the number of new building starts which is expected to decrease from 1.172 to 1.150 billion in May. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 16.06.2016
Australia
Data on the Consumer Inflation Expectation for June is due in Australia at 3:00 am (GMT+2). The indicator is released by Melbourne Institute and represents how consumers expect inflation to change over the next 12 months. A high reading strengthens the AUD. A low reading weakens the AUD.
The Reserve Bank of Australia releases its quarterly Bulletin at 3:30 am (GMT+2). It contains information about economic and financial changes as well as about RBA’s operations.
Data on the Unemployment Rate for May is due in Australia at 3:30 am (GMT+2). The indicator is expected to remain unchanged at 5.7%. The Unemployment Rate represents a percentage of the total labour force that is currently unemployed. A growth in the indicator is considered a negative factor for the country’s economy and weakens the AUD. A fall in the indicator strengthens the AUD.
Data on the Employment Change for May is due in Australia at 3:30 am (GMT+2). The indicator is expected to grow from 10 800 to 15 000. The indicator measures the change in the number of employed people in Australia. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Japan
The Bank of Japan releases its Monetary Policy Statement at 5:00 am (GMT+2). During a press conference, BOJ Governor is giving commentaries regarding monetary policy in the country.
The Bank of Japan announces its interest rate decision at 5:00 am (GMT+2). The indicator is expected to remain unchanged at -0.1%. A rate increase strengthens the JPY, while a decrease weakens the JPY.
Switzerland
The Swiss National Bank releases its Financial Stability Report at 6:30 am (GMT+2). The publication provides an assessment of the stability of the financial system and the potential for systemic risks.
The Swiss National Bank Press Conference is due at 9:30 am (GMT+2) after the interest rate decision is announced. The press conference is broken up in two parts. At the beginning, the prepared statement of the Swiss National Bank is read, and then SNB representatives give their commentaries which might have a strong impact on the market.
The Swiss National Bank announces its interest rate decision at 9:30 am (GMT+2). The indicator is expected to remain unchanged at -0.75%. A rate increase strengthens the CHF, while a decrease weakens the CHF.
UK
Data on the Retail Sales for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline both in monthly and annual terms, from 1.3% to 0.3% and from 4.3% to 4.0% respectively. The indicator represents the change in the total value of all receipts from retail shops in the country and characterizes the level of consumer expenditure and demand. A growth in retail sales is an important factor for the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
The Bank of England announces its interest rate decision at 1:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. Depending on current economic conditions and the level of inflation, the Bank of England makes its decision on interest rates. A rate increase strengthens the GBP. If interest rates remain unchanged or get cut, the GBP weakens.
EU
The Consumer Price Index for May is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at -0.1% on a year-over-year basis and to grow from 0.0% to 0.2% in monthly terms. It is one of the key indicators of inflation which represents the change in the value of the basket of goods and services. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
The Consumer Price Index for May is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 0.4% to 0.3% in monthly terms and to remain unchanged at 1.1% on a year-over-year basis. It is one of the key indicators of inflation which represents the change in the value of the basket of goods and services. A growth in the index strengthens the USD. A fall in the index weakens the USD.
The NAHB Housing Market Index for June is due in the US at 4:00 pm (GMT+2). The indicator is expected to be up from 58 to 59 points. The index is based on surveys of homeowners aimed at assessing the current value of property and price dynamics for the next 6 months. A reading above 50 represents favorable situation in the property market as participants find prices acceptable.
Australia
Data on the Consumer Inflation Expectation for June is due in Australia at 3:00 am (GMT+2). The indicator is released by Melbourne Institute and represents how consumers expect inflation to change over the next 12 months. A high reading strengthens the AUD. A low reading weakens the AUD.
The Reserve Bank of Australia releases its quarterly Bulletin at 3:30 am (GMT+2). It contains information about economic and financial changes as well as about RBA’s operations.
Data on the Unemployment Rate for May is due in Australia at 3:30 am (GMT+2). The indicator is expected to remain unchanged at 5.7%. The Unemployment Rate represents a percentage of the total labour force that is currently unemployed. A growth in the indicator is considered a negative factor for the country’s economy and weakens the AUD. A fall in the indicator strengthens the AUD.
Data on the Employment Change for May is due in Australia at 3:30 am (GMT+2). The indicator is expected to grow from 10 800 to 15 000. The indicator measures the change in the number of employed people in Australia. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Japan
The Bank of Japan releases its Monetary Policy Statement at 5:00 am (GMT+2). During a press conference, BOJ Governor is giving commentaries regarding monetary policy in the country.
The Bank of Japan announces its interest rate decision at 5:00 am (GMT+2). The indicator is expected to remain unchanged at -0.1%. A rate increase strengthens the JPY, while a decrease weakens the JPY.
Switzerland
The Swiss National Bank releases its Financial Stability Report at 6:30 am (GMT+2). The publication provides an assessment of the stability of the financial system and the potential for systemic risks.
The Swiss National Bank Press Conference is due at 9:30 am (GMT+2) after the interest rate decision is announced. The press conference is broken up in two parts. At the beginning, the prepared statement of the Swiss National Bank is read, and then SNB representatives give their commentaries which might have a strong impact on the market.
The Swiss National Bank announces its interest rate decision at 9:30 am (GMT+2). The indicator is expected to remain unchanged at -0.75%. A rate increase strengthens the CHF, while a decrease weakens the CHF.
UK
Data on the Retail Sales for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline both in monthly and annual terms, from 1.3% to 0.3% and from 4.3% to 4.0% respectively. The indicator represents the change in the total value of all receipts from retail shops in the country and characterizes the level of consumer expenditure and demand. A growth in retail sales is an important factor for the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
The Bank of England announces its interest rate decision at 1:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. Depending on current economic conditions and the level of inflation, the Bank of England makes its decision on interest rates. A rate increase strengthens the GBP. If interest rates remain unchanged or get cut, the GBP weakens.
EU
The Consumer Price Index for May is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at -0.1% on a year-over-year basis and to grow from 0.0% to 0.2% in monthly terms. It is one of the key indicators of inflation which represents the change in the value of the basket of goods and services. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
The Consumer Price Index for May is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 0.4% to 0.3% in monthly terms and to remain unchanged at 1.1% on a year-over-year basis. It is one of the key indicators of inflation which represents the change in the value of the basket of goods and services. A growth in the index strengthens the USD. A fall in the index weakens the USD.
The NAHB Housing Market Index for June is due in the US at 4:00 pm (GMT+2). The indicator is expected to be up from 58 to 59 points. The index is based on surveys of homeowners aimed at assessing the current value of property and price dynamics for the next 6 months. A reading above 50 represents favorable situation in the property market as participants find prices acceptable.
Claws and Horns
News of the day. 15.06.2016
Australia
The Westpac Consumer Confidence for June is due Australia at 02:30 am (GMT+2). The index is based on a survey aimed to assess how confident Australians feel about a short-term outlook for the economy and whether they are ready to spend money in current economic conditions. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
EU
Data on the Trade Balance for April is due in the EU at 11:00 (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values indicate the balance deficit and weaken the EUR.
US
Data on the Capacity Utilization for May is due in the US at 3:15 pm (GMT+2). The indicator is expected to fall from 75.4% to 75.3%. It is the percentage expression of the production capacity utilization in the economy of the country. The data is followed as an indicator of economic growth and the level of demand. The value of 85% is considered optimal and represents a good balance between economic growth and inflation. Values above 85% indicate inflation acceleration. A growth in the indicator generally strengthens the USD.
Data on the Industrial Production for May is due in the US at 3:15 pm (GMT+2). In monthly terms, the indicator is expected to fall from 0.7% to -0.1%. The data represents changes in industrial output in the US. It is one of the major indicators of the state of the national economy. A growth in the indicator supports the USD. A fall in the indicator pressures the USD.
The Federal Reserve announces its decision on interest rates at 8:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. The Interest Rate is an important economic indicator which has an impact on commercial banks’ interest rates and the USD exchange rate. A rate increase strengthens the USD. If interest rate remains unchanged or gets cut, the USD weakens.
After the interest rate decision, the Federal Reserve releases its Monetary Policy Statement at 8:30 pm (GMT+2). Positive commentaries strengthen the USD. Negative commentaries weaken the USD.
Germany
German Buba President Jens Weidmann is giving his speech at 4:00 pm (GMT+2).
Australia
The Westpac Consumer Confidence for June is due Australia at 02:30 am (GMT+2). The index is based on a survey aimed to assess how confident Australians feel about a short-term outlook for the economy and whether they are ready to spend money in current economic conditions. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
EU
Data on the Trade Balance for April is due in the EU at 11:00 (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values indicate the balance deficit and weaken the EUR.
US
Data on the Capacity Utilization for May is due in the US at 3:15 pm (GMT+2). The indicator is expected to fall from 75.4% to 75.3%. It is the percentage expression of the production capacity utilization in the economy of the country. The data is followed as an indicator of economic growth and the level of demand. The value of 85% is considered optimal and represents a good balance between economic growth and inflation. Values above 85% indicate inflation acceleration. A growth in the indicator generally strengthens the USD.
Data on the Industrial Production for May is due in the US at 3:15 pm (GMT+2). In monthly terms, the indicator is expected to fall from 0.7% to -0.1%. The data represents changes in industrial output in the US. It is one of the major indicators of the state of the national economy. A growth in the indicator supports the USD. A fall in the indicator pressures the USD.
The Federal Reserve announces its decision on interest rates at 8:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. The Interest Rate is an important economic indicator which has an impact on commercial banks’ interest rates and the USD exchange rate. A rate increase strengthens the USD. If interest rate remains unchanged or gets cut, the USD weakens.
After the interest rate decision, the Federal Reserve releases its Monetary Policy Statement at 8:30 pm (GMT+2). Positive commentaries strengthen the USD. Negative commentaries weaken the USD.
Germany
German Buba President Jens Weidmann is giving his speech at 4:00 pm (GMT+2).
Claws and Horns
News of the day. 14.06.2016
Japan
Data on the Industrial Production is due in Japan at 6:30 am (GMT+2). The index represents a change in the volume of industrial production and utilities in the country and is one of the most important indicators of the state of the economy. In April, the index is expected to grow by 0.4%. The increase is not as significant as in March but represents positive dynamics in the economy and could support the Yen.
UK
Data on the Consumer Price Index and Core Consumer Price Index for May is due in the UK at 10:30 am (GMT+2). The CPI represents a change in retail prices for the basket of goods and services and is one of main indicators of consumer demand and inflation in the country. The Core index excludes volatile component – energy and food prices. The CPI is expected to increase from 0.3% to 0.4% and the Core CPI – from 1.2% to 1.3%. In case of forecasts realisation the index will remain far from its optimal level of 2.0% but could still support the Pound.
EU
Data on the Industrial Production for April is die in the EU at 11:00 am (GMT+2). On a month-to-month basis, the index is expected to increase from -0.8% to 0.7%, and on a year-to-year basis – from 0.2% to 1.3%, which could significantly support the Euro.
US
Data on Retail Sales for May is due in the US at 2:30 pm (GMT+2). The index represents a change in the volume of sales in the retail sector and characterises consumer spending and demand. Retail Sales make up a significant part of the GDP. In May, the index is expected to decline from 1.3% to 0.3%, and Retail Sales ex Autos to fall from 0.8% to 0.4% that could pressure the Dollar.
Japan
Data on the Industrial Production is due in Japan at 6:30 am (GMT+2). The index represents a change in the volume of industrial production and utilities in the country and is one of the most important indicators of the state of the economy. In April, the index is expected to grow by 0.4%. The increase is not as significant as in March but represents positive dynamics in the economy and could support the Yen.
UK
Data on the Consumer Price Index and Core Consumer Price Index for May is due in the UK at 10:30 am (GMT+2). The CPI represents a change in retail prices for the basket of goods and services and is one of main indicators of consumer demand and inflation in the country. The Core index excludes volatile component – energy and food prices. The CPI is expected to increase from 0.3% to 0.4% and the Core CPI – from 1.2% to 1.3%. In case of forecasts realisation the index will remain far from its optimal level of 2.0% but could still support the Pound.
EU
Data on the Industrial Production for April is die in the EU at 11:00 am (GMT+2). On a month-to-month basis, the index is expected to increase from -0.8% to 0.7%, and on a year-to-year basis – from 0.2% to 1.3%, which could significantly support the Euro.
US
Data on Retail Sales for May is due in the US at 2:30 pm (GMT+2). The index represents a change in the volume of sales in the retail sector and characterises consumer spending and demand. Retail Sales make up a significant part of the GDP. In May, the index is expected to decline from 1.3% to 0.3%, and Retail Sales ex Autos to fall from 0.8% to 0.4% that could pressure the Dollar.
Claws and Horns
News of the day. 10.06.2016
Germany
The Consumer Price Index for May is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged both in annual and monthly terms, at 0.1% and 0.3% respectively. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
The Wholesale Price Index for May is due in Germany at 8:00 am (GMT+2). The index measures volumes of whole sales. A growth in the index represents an increase in consumption and retail sales and strengthens the EUR. A fall in the index weakens the EUR.
German Buba President Jens Weidmann is giving his speech at 9:00 am (GMT+2).
Canada
Data on the Unemployment Rate for May is due in Canada at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 7.1%. The data is published by Statistics Canada and represents the number of unemployed as a percentage of the total labour force. A growth in unemployment suggests a slowdown of the economy and weakens the CAD. A fall in the indicator supports the national economy growth and strengthens the CAD.
USA
Data on the Monthly Budget Statement for May is due in the US at 8:00 pm (GMT+2). The US government is expected to post a budget deficit of $60 billion. In the previous month, the country’s budget showed a surplus of $106 billion. The indicator represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When the opposite happens, the budget is said to be in surplus. Positive values strengthen the USD, and negative values weaken the USD.
Germany
The Consumer Price Index for May is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged both in annual and monthly terms, at 0.1% and 0.3% respectively. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
The Wholesale Price Index for May is due in Germany at 8:00 am (GMT+2). The index measures volumes of whole sales. A growth in the index represents an increase in consumption and retail sales and strengthens the EUR. A fall in the index weakens the EUR.
German Buba President Jens Weidmann is giving his speech at 9:00 am (GMT+2).
Canada
Data on the Unemployment Rate for May is due in Canada at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 7.1%. The data is published by Statistics Canada and represents the number of unemployed as a percentage of the total labour force. A growth in unemployment suggests a slowdown of the economy and weakens the CAD. A fall in the indicator supports the national economy growth and strengthens the CAD.
USA
Data on the Monthly Budget Statement for May is due in the US at 8:00 pm (GMT+2). The US government is expected to post a budget deficit of $60 billion. In the previous month, the country’s budget showed a surplus of $106 billion. The indicator represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When the opposite happens, the budget is said to be in surplus. Positive values strengthen the USD, and negative values weaken the USD.
Claws and Horns
News of the day. 09.06.2016
Switzerland
Data on the Unemployment Rate for May is due in Switzerland at 7:45 am (GMT+2). The indicator is expected to remain unchanged at 3.5%. The indicator represents the percentage of the total labour force of Switzerland that is currently unemployed. A growth in unemployment suggests a slowdown of the economy and weakens the CHF. An indicator fall strengthens the CHF.
Germany
Data on the Exports and Imports for April is due in Germany at 8:00 am (GMT+2). On a monthly basis, the indicator of imports is expected to grow from -2.3% to 1.2%. Germany’s exports are expected to fall from 1.9% to -0.6%. Data is published by the Federal Statistical Office of Germany. The indicators represent the change in the volumes of all import and export related operations (sales, grants, endowment).
Data on the Trade Balance for April is due in Germany at 8:00 am (GMT+2). Germany’s trade balance surplus is expected to decrease from €23.6 billion to €23.0 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus, the situation when the country’s exports exceed imports. Negative values represent the balance deficit, the situation when the country’s imports exceed exports. A high reading strengthens the EUR. A low reading weakens the EUR.
UK
Data on the Trade Balance with non-EU countries is due in UK at 8:00 am (GMT+2). The UK’s trade deficit with non-EU countries is expected to narrow from £-3.11 billion to £-3.10 billion in April. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the GBP. Negative values represent the balance deficit and weaken the GBP.
USA
Data on the Initial Jobless Claims for the week ended 9 June is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 267 000 to 270 000. The data is published every Thursday. The indicator represents the number of new unemployment claims and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Switzerland
Data on the Unemployment Rate for May is due in Switzerland at 7:45 am (GMT+2). The indicator is expected to remain unchanged at 3.5%. The indicator represents the percentage of the total labour force of Switzerland that is currently unemployed. A growth in unemployment suggests a slowdown of the economy and weakens the CHF. An indicator fall strengthens the CHF.
Germany
Data on the Exports and Imports for April is due in Germany at 8:00 am (GMT+2). On a monthly basis, the indicator of imports is expected to grow from -2.3% to 1.2%. Germany’s exports are expected to fall from 1.9% to -0.6%. Data is published by the Federal Statistical Office of Germany. The indicators represent the change in the volumes of all import and export related operations (sales, grants, endowment).
Data on the Trade Balance for April is due in Germany at 8:00 am (GMT+2). Germany’s trade balance surplus is expected to decrease from €23.6 billion to €23.0 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus, the situation when the country’s exports exceed imports. Negative values represent the balance deficit, the situation when the country’s imports exceed exports. A high reading strengthens the EUR. A low reading weakens the EUR.
UK
Data on the Trade Balance with non-EU countries is due in UK at 8:00 am (GMT+2). The UK’s trade deficit with non-EU countries is expected to narrow from £-3.11 billion to £-3.10 billion in April. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the GBP. Negative values represent the balance deficit and weaken the GBP.
USA
Data on the Initial Jobless Claims for the week ended 9 June is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 267 000 to 270 000. The data is published every Thursday. The indicator represents the number of new unemployment claims and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Claws and Horns
News of the day. 08.06.2016
Australia
Data on the Investment Lending for Homes for April is due in Australia at 3:30 am (GMT+2). The indicator represents the number of long-term home construction loans. A growth in the indicator strengthens the AUD. A fall in the indicator, on the contrary, weakens the AUD.
Data on the Home Loans for April is due in Australia at 3:30 am (GMT+2). The indicator represents the number of recently extended home loans. It is one of the key indicators of the property market. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Japan
The Eco Watchers Survey is due in Japan at 7:00 am (GMT+2). The index is based on survey responses from employees of the largest companies regarding their opinion on current and future economic trends. A result above 50 represents a positive economic outlook and strengthens the JPY. A result below 50, on the contrary, weakens the JPY suggesting that experts are generally pessimistic about short-term economic prospects.
Switzerland
The Consumer Price Index for May is due in Switzerland at 9:15 am (GMT+2). The index represents changes in prices of goods and services for household consumption. The index is considered the key indicator of inflation. A growth in the index strengthens the CHF, while a fall weakens the CHF.
UK
Data on the Industrial Production for April is due in the UK at 10:30 am (GMT+2). The index represents changes in industrial output and is considered as one of the major indicators of the state of the national economy. The index includes data on production output for the mining, manufacturing and energy supply industries. A growth in the indicator supports the GBP. A fall in the indicator pressures the GBP.
The NIESR GDP Estimate for May is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research (NIESR) and tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A high reading strengthens the GBP. A low reading weakens the GBP.
Canada
Data on the Housing Starts for May is due in Canada at 2:15 pm (GMT+2). The index, published by Canada Mortgage and Housing Corporation, represents the number of housing starts for single-family homes. Construction volumes are closely linked to the population income. Thus, a growth in the index suggests favourable economic conditions. A high reading strengthens the CAD. A low reading weakens the CAD.
New Zealand
The Reserve Bank of New Zealand releases its Monetary Policy Statement at 11:00 pm (GMT+2). The Statement provides information on how the Reserve Bank proposes to achieve its targets, how it proposes to formulate and implement monetary policy during the next five years and how monetary policy has been implemented since the previous Monetary Policy Statement was released.
The Reserve Bank of New Zealand announces its decision on interest rates at 11:00 pm (GMT+2). A rate increase strengthens the NZD. A rate decrease weakens the NZD.
Australia
Data on the Investment Lending for Homes for April is due in Australia at 3:30 am (GMT+2). The indicator represents the number of long-term home construction loans. A growth in the indicator strengthens the AUD. A fall in the indicator, on the contrary, weakens the AUD.
Data on the Home Loans for April is due in Australia at 3:30 am (GMT+2). The indicator represents the number of recently extended home loans. It is one of the key indicators of the property market. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Japan
The Eco Watchers Survey is due in Japan at 7:00 am (GMT+2). The index is based on survey responses from employees of the largest companies regarding their opinion on current and future economic trends. A result above 50 represents a positive economic outlook and strengthens the JPY. A result below 50, on the contrary, weakens the JPY suggesting that experts are generally pessimistic about short-term economic prospects.
Switzerland
The Consumer Price Index for May is due in Switzerland at 9:15 am (GMT+2). The index represents changes in prices of goods and services for household consumption. The index is considered the key indicator of inflation. A growth in the index strengthens the CHF, while a fall weakens the CHF.
UK
Data on the Industrial Production for April is due in the UK at 10:30 am (GMT+2). The index represents changes in industrial output and is considered as one of the major indicators of the state of the national economy. The index includes data on production output for the mining, manufacturing and energy supply industries. A growth in the indicator supports the GBP. A fall in the indicator pressures the GBP.
The NIESR GDP Estimate for May is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research (NIESR) and tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A high reading strengthens the GBP. A low reading weakens the GBP.
Canada
Data on the Housing Starts for May is due in Canada at 2:15 pm (GMT+2). The index, published by Canada Mortgage and Housing Corporation, represents the number of housing starts for single-family homes. Construction volumes are closely linked to the population income. Thus, a growth in the index suggests favourable economic conditions. A high reading strengthens the CAD. A low reading weakens the CAD.
New Zealand
The Reserve Bank of New Zealand releases its Monetary Policy Statement at 11:00 pm (GMT+2). The Statement provides information on how the Reserve Bank proposes to achieve its targets, how it proposes to formulate and implement monetary policy during the next five years and how monetary policy has been implemented since the previous Monetary Policy Statement was released.
The Reserve Bank of New Zealand announces its decision on interest rates at 11:00 pm (GMT+2). A rate increase strengthens the NZD. A rate decrease weakens the NZD.
Claws and Horns
News of the day. 07.06.2016
Australia
The RBA Rate Statement is due at 6:30 am (GMT+2). The Statement contains commentaries regarding the most recent decision on interest rates.
The RBA Interest Rate Decision is due at 6:30 am (GMT+2). An increase in interest rates strengthens the AUD. If interest rates remain unchanged or get cut, the AUD weakens.
Japan
Data on the Coincident Index for April is due at 7:00 am (GMT+2). The index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the JPY. A result below 50 indicates a slowdown in the economy, which pressures the JPY.
Data on the Leading Economic Index for April is due at 7:00 am (GMT+2). The index, based on 13 indicators, is used to assess economic conditions in the short- and medium-terms. A result above 50 is a positive factor for the JPY. A result below 50 is a negative factor for the JPY.
EU
Data on the GDP is due in the EU at 11:00 am (GMT+2). The indicator represents the value of all goods and services created in the eurozone during a period. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
Data on the Unit Labor Cost is due in the US at 2:30 pm (GMT+2). Represents changes in the cost of hiring and keeping employees (the cost of labour per unit of a product). A high reading strengthens the USD.
Data on the Nonfarm Productivity is due in the US at 2:30 pm (GMT+2). The index evaluates hourly productivity of labour. Influences GDP forecasts. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Consumer Credit Change for April is due at 9:00 pm (GMT+2) in the US. Represents the change in the volume of outstanding consumer credit in the US. A high reading strengthens the USD. A low reading weakens the USD. Sometimes, a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
Canada
Data on the Ivey Purchasing Managers Index for May is due at 4:00 pm (GMT+2). The index is published by the Richard Ivey School of Business. Assesses current economic conditions in the country. Values above 50 represent business activity growth and strengthen the CAD. Values below 50 represent a contraction in business activity and weaken the CAD.
Australia
The RBA Rate Statement is due at 6:30 am (GMT+2). The Statement contains commentaries regarding the most recent decision on interest rates.
The RBA Interest Rate Decision is due at 6:30 am (GMT+2). An increase in interest rates strengthens the AUD. If interest rates remain unchanged or get cut, the AUD weakens.
Japan
Data on the Coincident Index for April is due at 7:00 am (GMT+2). The index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the JPY. A result below 50 indicates a slowdown in the economy, which pressures the JPY.
Data on the Leading Economic Index for April is due at 7:00 am (GMT+2). The index, based on 13 indicators, is used to assess economic conditions in the short- and medium-terms. A result above 50 is a positive factor for the JPY. A result below 50 is a negative factor for the JPY.
EU
Data on the GDP is due in the EU at 11:00 am (GMT+2). The indicator represents the value of all goods and services created in the eurozone during a period. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
Data on the Unit Labor Cost is due in the US at 2:30 pm (GMT+2). Represents changes in the cost of hiring and keeping employees (the cost of labour per unit of a product). A high reading strengthens the USD.
Data on the Nonfarm Productivity is due in the US at 2:30 pm (GMT+2). The index evaluates hourly productivity of labour. Influences GDP forecasts. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Consumer Credit Change for April is due at 9:00 pm (GMT+2) in the US. Represents the change in the volume of outstanding consumer credit in the US. A high reading strengthens the USD. A low reading weakens the USD. Sometimes, a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
Canada
Data on the Ivey Purchasing Managers Index for May is due at 4:00 pm (GMT+2). The index is published by the Richard Ivey School of Business. Assesses current economic conditions in the country. Values above 50 represent business activity growth and strengthen the CAD. Values below 50 represent a contraction in business activity and weaken the CAD.
Claws and Horns
News of the day. 06.06.2016
Australia
Data on the TD Securities Inflation for May is due in Australia at 4:00 am (GMT+2). The indicator, released by Melbourne Institute, measures changes in inflation. A growth in inflation might result in RBA’s decision to introduce higher interest rates. A growth in the indicator strengthens the AUD. A fall in the indicator, on the contrary, weakens the AUD.
USA
The Labour Market Conditions Index for May is due in the US at 5:00 pm (GMT+2). The index is calculated by Fed economists and is made up of 19 different indicators describing the labour market. It is one of the major indicators of the US economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Australia
Data on the TD Securities Inflation for May is due in Australia at 4:00 am (GMT+2). The indicator, released by Melbourne Institute, measures changes in inflation. A growth in inflation might result in RBA’s decision to introduce higher interest rates. A growth in the indicator strengthens the AUD. A fall in the indicator, on the contrary, weakens the AUD.
USA
The Labour Market Conditions Index for May is due in the US at 5:00 pm (GMT+2). The index is calculated by Fed economists and is made up of 19 different indicators describing the labour market. It is one of the major indicators of the US economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 03.06.2016
Germany
Data on the Markit Services PMI is due in Germany at 9:55 am (GMT+2). In May, the index is expected to remain unchanged at 55.2 points. The index evaluates the state of the services sector. Is based on surveys of executives of German companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
Data on the Markit Services PMI is due in the eurozone at 10:00 am (GMT+2). The index is expected to remain unchanged at 53.1 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50, on the contrary, is perceived as negative and weakens the EUR.
USA
Data on the Trade Balance is due at 2:30 pm (GMT+2). In April, the balance deficit is expected to increase from 40.4 billion to 41.3 billion Dollars. The index represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the USD. Negative values represent the balance deficit and weaken the USD.
Data on the Nonfarm Payrolls is due at 2:30 pm (GMT+2) in the US. In May, the index is expected to grow from 160 thousands to 161 thousands. One of the main indicators of employment in the US. Represents the number of employed in non-agricultural sectors. Has a high impact on the market. A high reading represents employment growth and strengthens the USD. A low reading weakens the USD.
Data on the Unemployment Rate is due at 2:30 pm (GMT+2) in the US. In May, the index is expected to fall from 5.0% to 4.9%. One of the key macroeconomic indicators. Represents the share of unemployed in the total labour force. A growth in the index strengthens the USD. A fall in the index weakens the USD.
Data on the Markit Services PMI is due in the US at 3:45 pm (GMT+2). In March, the index is expected to remain unchanged at 51.2 points. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
Data on the ISM Non-Manufacturing PMI is due in the US at 4:00 pm (GMT+2). In May, the index is expected to fall from 55.7 to 55.5 points. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 45-50 represents sector growth. A reading below 45-50 represents sector slowdown. A growth in the index strengthens the USD.
Germany
Data on the Markit Services PMI is due in Germany at 9:55 am (GMT+2). In May, the index is expected to remain unchanged at 55.2 points. The index evaluates the state of the services sector. Is based on surveys of executives of German companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
Data on the Markit Services PMI is due in the eurozone at 10:00 am (GMT+2). The index is expected to remain unchanged at 53.1 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50, on the contrary, is perceived as negative and weakens the EUR.
USA
Data on the Trade Balance is due at 2:30 pm (GMT+2). In April, the balance deficit is expected to increase from 40.4 billion to 41.3 billion Dollars. The index represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the USD. Negative values represent the balance deficit and weaken the USD.
Data on the Nonfarm Payrolls is due at 2:30 pm (GMT+2) in the US. In May, the index is expected to grow from 160 thousands to 161 thousands. One of the main indicators of employment in the US. Represents the number of employed in non-agricultural sectors. Has a high impact on the market. A high reading represents employment growth and strengthens the USD. A low reading weakens the USD.
Data on the Unemployment Rate is due at 2:30 pm (GMT+2) in the US. In May, the index is expected to fall from 5.0% to 4.9%. One of the key macroeconomic indicators. Represents the share of unemployed in the total labour force. A growth in the index strengthens the USD. A fall in the index weakens the USD.
Data on the Markit Services PMI is due in the US at 3:45 pm (GMT+2). In March, the index is expected to remain unchanged at 51.2 points. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
Data on the ISM Non-Manufacturing PMI is due in the US at 4:00 pm (GMT+2). In May, the index is expected to fall from 55.7 to 55.5 points. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 45-50 represents sector growth. A reading below 45-50 represents sector slowdown. A growth in the index strengthens the USD.
Claws and Horns
News of the day. 02.06.2016
Australia
Data on the Imports and Exports for April are due in Australia at 3:30 am (GMT+2). The indicators represent information about purchases, barter, or receipts of gifts, or grants of goods and services between residents and non-residents.
Data on the Trade Balance for April is due in Australia at 3:30 am (GMT+2). Australia’s trade deficit is expected to decrease from 2.163 billion to 2.000 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the AUD. Negative values indicate the balance deficit and weaken the AUD.
Data on the Retail Sales for April is due in Australia at 3:30 am (GMT+2). The indicator is expected to decline from 0.4% to 0.3% in monthly terms. The Retail Sales measures the volume of sales in the retail sector and is considered an indicator of consumer spending and economic growth. An increase in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
The PMI Construction for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline from 52.0 to 51.9 points. The index evaluates the state of the construction sector. The data is based on survey responses from executives of the biggest construction companies in the UK regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
In his speech, due at 3:00 pm (GMT+2), Mark Carney, Governor of the Bank of England, is giving commentaries regarding current economic conditions in the country.
EU
The Producer Price Index for April is due in the EU at 11:00 am (GMT+2). The indicator is expected to be up from -4.2% to -4.1%. The index represents a price change on goods, produced in the eurozone. A growth in the index, generally, supports the EUR. A decline in the index weakens the EUR.
The ECB releases its decision on the deposit rate at 1:45 pm (GMT+2). The Regulator is expected to keep its deposit rate unchanged at -0.4%. The deposit rate is the rate paid on the liquidity that commercial banks may deposit in an account with the central bank.
The ECB releases its decision on the interest rate at 1:45 pm (GMT+2). The Regulator is expected to keep its interest rate unchanged at 0%. A rate increase strengthens the EUR, while a decrease weakens the EUR.
At 2:30 pm (GMT+2), after the interest rate decision is made, the ECB Head comments on the recent monetary policy decisions and answers questions about current economic conditions in the eurozone.
USA
Data on the Employment Change, released by the ADP, is due on the US at 2:15 pm (GMT+2). The indicator is expected to grow from 156K to 178K in May. The indicator represents employment change in non-agricultural sectors. The statistics is based on data from about 500 thousand companies in the US. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Australia
Data on the Imports and Exports for April are due in Australia at 3:30 am (GMT+2). The indicators represent information about purchases, barter, or receipts of gifts, or grants of goods and services between residents and non-residents.
Data on the Trade Balance for April is due in Australia at 3:30 am (GMT+2). Australia’s trade deficit is expected to decrease from 2.163 billion to 2.000 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the AUD. Negative values indicate the balance deficit and weaken the AUD.
Data on the Retail Sales for April is due in Australia at 3:30 am (GMT+2). The indicator is expected to decline from 0.4% to 0.3% in monthly terms. The Retail Sales measures the volume of sales in the retail sector and is considered an indicator of consumer spending and economic growth. An increase in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
The PMI Construction for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline from 52.0 to 51.9 points. The index evaluates the state of the construction sector. The data is based on survey responses from executives of the biggest construction companies in the UK regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
In his speech, due at 3:00 pm (GMT+2), Mark Carney, Governor of the Bank of England, is giving commentaries regarding current economic conditions in the country.
EU
The Producer Price Index for April is due in the EU at 11:00 am (GMT+2). The indicator is expected to be up from -4.2% to -4.1%. The index represents a price change on goods, produced in the eurozone. A growth in the index, generally, supports the EUR. A decline in the index weakens the EUR.
The ECB releases its decision on the deposit rate at 1:45 pm (GMT+2). The Regulator is expected to keep its deposit rate unchanged at -0.4%. The deposit rate is the rate paid on the liquidity that commercial banks may deposit in an account with the central bank.
The ECB releases its decision on the interest rate at 1:45 pm (GMT+2). The Regulator is expected to keep its interest rate unchanged at 0%. A rate increase strengthens the EUR, while a decrease weakens the EUR.
At 2:30 pm (GMT+2), after the interest rate decision is made, the ECB Head comments on the recent monetary policy decisions and answers questions about current economic conditions in the eurozone.
USA
Data on the Employment Change, released by the ADP, is due on the US at 2:15 pm (GMT+2). The indicator is expected to grow from 156K to 178K in May. The indicator represents employment change in non-agricultural sectors. The statistics is based on data from about 500 thousand companies in the US. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Claws and Horns
News of the day. 1.06.2016
Australia
Data on the Gross Domestic Product for the first quarter is due in Australia at 3:30 am (GMT+2). The indicator is expected to grow from 0.6% to 0.8% in quarterly terms and to decline from 3.0% to 2.8% in annual terms. GDP data represents the total value of goods and services produced in Australia in a time period. It is also considered an indicator of the pace of economic growth or slowdown. A high reading strengthens the AUD. A low reading weakens the AUD.
Switzerland
Data on the Gross Domestic Product for the first quarter is due in Switzerland at 7:45 am (GMT+2). The indicator is expected to decline from 0.4% to 0.2% in quarterly terms and to grow from 0.4% to 0.8% in annual terms. GDP data represents the total value of goods and services produced in Switzerland in a time period. A high reading strengthens the CHF. A low reading weakens the CHF.
Data on the Real Retail Sales for May is due in Switzerland at 9:15 am (GMT+2). It represents changes in the volume of retail sales and is considered an indicator of consumer spending. A growth in retail sales suggests a growth in consumption and has a positive impact on the economy. A fall in retail sales is considered a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
The Markit Manufacturing PMI for May is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 52.4 points. The index represents the state of the manufacturing sector and its growth perspectives. It is one of the key indicators of the state of the German economy. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
UK
Data on the Mortgage Approvals for April is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from 71.36K to 67.90K. The data represents the number of new approved mortgages. A growth in the indicator supports the GBP. A fall in the indicator weakens the GBP.
Data on the Consumer Credit for April is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from £1.883 billion to £1.600 billion. The data represents the change in the volume of consumer credits. Generally, an indicator increase shows readiness of consumers to spend money thus showing confidence in the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
Fact: a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
The Markit Manufacturing PMI for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow from 49.2 to 49.6 points. The index evaluates the state of the manufacturing sector. The data is based on survey responses from executives of the biggest manufacturing companies. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
Canada
The RBC Manufacturing PM for May is due in Canada at 3:30 pm (GMT+2). The index is based on survey responses from executives of 400 large companies regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 represents a predominance of positive reviews and strengthens the CAD. A reading below 50 represents a predominance of negative reviews and weakens the CAD.
USA
Data on the Construction Spending for April is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 0.3% to 0.6%. The data shows expenditures by construction companies on all types of construction activities in the US. An indicator increase represents economic growth and strengthens the USD.
Data on the ISM Prices Paid for May is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 59.0 to 59.6 points. The index, based on surveys of executives of manufacturing companies, evaluates current economic conditions in the manufacturing sector.
The ISM Manufacturing PMI for May is due in the US at 4:00 pm (GMT+2). The index is expected to fall from 50.8 to 50.5 points. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the USD. Values below 50 indicate a slowdown of the economy and weaken the USD.
Fed's Beige Book is due in the US at 8:00 pm (GMT+2). The report, prepared by the 12 Federal Reserve Banks, evaluates current economic conditions in the US. Optimistic commentaries strengthen the USD. Pessimistic commentaries weaken the USD.
Australia
Data on the Gross Domestic Product for the first quarter is due in Australia at 3:30 am (GMT+2). The indicator is expected to grow from 0.6% to 0.8% in quarterly terms and to decline from 3.0% to 2.8% in annual terms. GDP data represents the total value of goods and services produced in Australia in a time period. It is also considered an indicator of the pace of economic growth or slowdown. A high reading strengthens the AUD. A low reading weakens the AUD.
Switzerland
Data on the Gross Domestic Product for the first quarter is due in Switzerland at 7:45 am (GMT+2). The indicator is expected to decline from 0.4% to 0.2% in quarterly terms and to grow from 0.4% to 0.8% in annual terms. GDP data represents the total value of goods and services produced in Switzerland in a time period. A high reading strengthens the CHF. A low reading weakens the CHF.
Data on the Real Retail Sales for May is due in Switzerland at 9:15 am (GMT+2). It represents changes in the volume of retail sales and is considered an indicator of consumer spending. A growth in retail sales suggests a growth in consumption and has a positive impact on the economy. A fall in retail sales is considered a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
The Markit Manufacturing PMI for May is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 52.4 points. The index represents the state of the manufacturing sector and its growth perspectives. It is one of the key indicators of the state of the German economy. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
UK
Data on the Mortgage Approvals for April is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from 71.36K to 67.90K. The data represents the number of new approved mortgages. A growth in the indicator supports the GBP. A fall in the indicator weakens the GBP.
Data on the Consumer Credit for April is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from £1.883 billion to £1.600 billion. The data represents the change in the volume of consumer credits. Generally, an indicator increase shows readiness of consumers to spend money thus showing confidence in the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
Fact: a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
The Markit Manufacturing PMI for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow from 49.2 to 49.6 points. The index evaluates the state of the manufacturing sector. The data is based on survey responses from executives of the biggest manufacturing companies. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
Canada
The RBC Manufacturing PM for May is due in Canada at 3:30 pm (GMT+2). The index is based on survey responses from executives of 400 large companies regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 represents a predominance of positive reviews and strengthens the CAD. A reading below 50 represents a predominance of negative reviews and weakens the CAD.
USA
Data on the Construction Spending for April is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 0.3% to 0.6%. The data shows expenditures by construction companies on all types of construction activities in the US. An indicator increase represents economic growth and strengthens the USD.
Data on the ISM Prices Paid for May is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 59.0 to 59.6 points. The index, based on surveys of executives of manufacturing companies, evaluates current economic conditions in the manufacturing sector.
The ISM Manufacturing PMI for May is due in the US at 4:00 pm (GMT+2). The index is expected to fall from 50.8 to 50.5 points. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the USD. Values below 50 indicate a slowdown of the economy and weaken the USD.
Fed's Beige Book is due in the US at 8:00 pm (GMT+2). The report, prepared by the 12 Federal Reserve Banks, evaluates current economic conditions in the US. Optimistic commentaries strengthen the USD. Pessimistic commentaries weaken the USD.
Claws and Horns
News of the day. 31.05.2016
Germany
Data on the Unemployment Rate is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2% in May. The Unemployment Rate represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the EUR. A fall in the indicator supports the national economy growth and strengthens the EUR.
EU
The Consumer Price Index for May is due in the EU at 11:00 am (GMT+2). On a year-over year basis, the indicator is expected to be up from -0.2% to -0.1%. The key indicator of inflation in the eurozone. Represents the change in the value of the basket of goods and services during a certain period. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Data on the Unemployment Rate is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at 10.2%. The Unemployment Rate measures the percentage of the total labour force that is unemployed. A growth in the indicator represents a slowdown of economic growth and weakens the EUR. A fall in the indicator, on the contrary, strengthens the EUR.
Canada
Data on the Gross Domestic Product Annualized for the first quarter is due in Canada at 2:30 pm (GMT+2). The indicator represents the value of all goods and services created in the country during a certain period. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
USA
Data on the Personal Income for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 0.4%. The index represents an income of individuals from different sources. A high reading strengthens the USD. A low reading weakens the USD. A growth in the index suggests consumer readiness to spend money in current economic conditions.
Data on the Personal Spending for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.1% to 0.6%. The index consists of spending on services, durable goods and nondurable goods.
The S&P/CaseShiller Home Price Indices for March is due in the US at 3:00 pm (GMT+2). On a year-over year basis, the indicator is expected to be down from 5.4% to 5.1%. The index represents the change in property prices in 20 major areas in the US. A high reading strengthens the USD. A low reading weakens the USD.
The Chicago Purchasing Managers' Index is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 50.4 to 50.6 points. The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the USD. A reading below 50 weakens the USD.
Data on the Consumer Confidence for May is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 94.2 to 96.0 points. The indicator represents consumer confidence in current economic conditions. A high reading strengthens the USD. A reading below forecasts weakens the USD.
Germany
Data on the Unemployment Rate is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2% in May. The Unemployment Rate represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the EUR. A fall in the indicator supports the national economy growth and strengthens the EUR.
EU
The Consumer Price Index for May is due in the EU at 11:00 am (GMT+2). On a year-over year basis, the indicator is expected to be up from -0.2% to -0.1%. The key indicator of inflation in the eurozone. Represents the change in the value of the basket of goods and services during a certain period. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Data on the Unemployment Rate is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at 10.2%. The Unemployment Rate measures the percentage of the total labour force that is unemployed. A growth in the indicator represents a slowdown of economic growth and weakens the EUR. A fall in the indicator, on the contrary, strengthens the EUR.
Canada
Data on the Gross Domestic Product Annualized for the first quarter is due in Canada at 2:30 pm (GMT+2). The indicator represents the value of all goods and services created in the country during a certain period. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
USA
Data on the Personal Income for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 0.4%. The index represents an income of individuals from different sources. A high reading strengthens the USD. A low reading weakens the USD. A growth in the index suggests consumer readiness to spend money in current economic conditions.
Data on the Personal Spending for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.1% to 0.6%. The index consists of spending on services, durable goods and nondurable goods.
The S&P/CaseShiller Home Price Indices for March is due in the US at 3:00 pm (GMT+2). On a year-over year basis, the indicator is expected to be down from 5.4% to 5.1%. The index represents the change in property prices in 20 major areas in the US. A high reading strengthens the USD. A low reading weakens the USD.
The Chicago Purchasing Managers' Index is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 50.4 to 50.6 points. The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the USD. A reading below 50 weakens the USD.
Data on the Consumer Confidence for May is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 94.2 to 96.0 points. The indicator represents consumer confidence in current economic conditions. A high reading strengthens the USD. A reading below forecasts weakens the USD.
Claws and Horns
News of the day. 30.05.2016
Australia
Data on the HIA New Home Sales is due in Australia at 3:00 am (GMT+2). Released by the Housing Industry Association (HIA). It represents the change in a number of new home sales. A growth in the indicator suggests economic growth and strengthens the AUD. A fall in the indicator weakens the AUD.
Switzerland
Data on the KOF Leading Indicator for May is due in Switzerland at 9:00 am (GMT+2). The data is based on the 12 main economic indicators and is used to assess economic conditions in Switzerland. A high reading is considered positive for the economy and strengthens the CHF. A low reading, on the contrary, is perceived as negative and weakens the CHF.
Germany
Data on the Consumer Price Index for May is due in Germany at 2:00 pm (GMT+2). According to forecasts, on a year-to-year basis the index will grow from -0.1% to 0.1% and on a month-to-month basis – from -0.4% to 0.3%. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Canada
The Raw Material Price Index for April is due in Canada at 2:30 pm (GMT+2). It represents price dynamics for major commodities supplied by the Canadian producers. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
Data on the Current Account for the first quarter of the year is due in Canada at 2:30 pm (GMT+2). Represents the difference between the amount of payments flowing into the country and the amount of payments leaving the country. The balance of payments is in surplus when payments into the country exceed payments out. Otherwise, the balance of payments is in deficit. A high reading strengthens the CAD. A low reading weakens the CAD.
Australia
Data on the HIA New Home Sales is due in Australia at 3:00 am (GMT+2). Released by the Housing Industry Association (HIA). It represents the change in a number of new home sales. A growth in the indicator suggests economic growth and strengthens the AUD. A fall in the indicator weakens the AUD.
Switzerland
Data on the KOF Leading Indicator for May is due in Switzerland at 9:00 am (GMT+2). The data is based on the 12 main economic indicators and is used to assess economic conditions in Switzerland. A high reading is considered positive for the economy and strengthens the CHF. A low reading, on the contrary, is perceived as negative and weakens the CHF.
Germany
Data on the Consumer Price Index for May is due in Germany at 2:00 pm (GMT+2). According to forecasts, on a year-to-year basis the index will grow from -0.1% to 0.1% and on a month-to-month basis – from -0.4% to 0.3%. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Canada
The Raw Material Price Index for April is due in Canada at 2:30 pm (GMT+2). It represents price dynamics for major commodities supplied by the Canadian producers. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
Data on the Current Account for the first quarter of the year is due in Canada at 2:30 pm (GMT+2). Represents the difference between the amount of payments flowing into the country and the amount of payments leaving the country. The balance of payments is in surplus when payments into the country exceed payments out. Otherwise, the balance of payments is in deficit. A high reading strengthens the CAD. A low reading weakens the CAD.
Claws and Horns
News of the day. 27.05.2016
Switzerland
Data on the Employment Level for the first quarter of the year is due in Switzerland at 9:15 am (GMT+2). The indicator shows the percentage of employed citizens. A growth in the indicator represents economic growth and strengthens the CHF. A fall in the indicator, on the contrary, suggests a slowdown of the economy and weakens the CHF.
USA
The Personal Consumption Expenditures Prices for the first quarter of the year is due in the US at 2:30 pm (GMT+2). On a quarter-to-quarter basis, the index is expected to remain unchanged at 0.3%. Represents changes in prices for goods and services from the consumer point of view. Is considered an indicator of a change in consumption patterns and in inflation. A reading above expectations strengthens the USD. A reading below expectations weakens the USD.
Data on the Gross Domestic Product Annualized is due in the US at 2:30 pm (GMT+2). According to forecasts, in the first quarter the index will increase from 0.5% to 0.9%. The index represents the total value of goods and services created in the country during the year. Indicates the pace of a growth/decline of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Fed’s Yellen Speech is due at 4:30 pm (GMT+2). Janet Yellen is the Chair of the Fed since 2014.
The Reuters/Michigan Consumer Sentiment Index is due in the US at 4:30 pm (GMT+2). In May, the index is expected to fall from 95.8 to 95.4 points. The index is calculated by the experts from Reuters and the University of Michigan. Represents readiness of consumers to spend money in current economic conditions. A high reading strengthens the USD. A low reading weakens the USD.
Switzerland
Data on the Employment Level for the first quarter of the year is due in Switzerland at 9:15 am (GMT+2). The indicator shows the percentage of employed citizens. A growth in the indicator represents economic growth and strengthens the CHF. A fall in the indicator, on the contrary, suggests a slowdown of the economy and weakens the CHF.
USA
The Personal Consumption Expenditures Prices for the first quarter of the year is due in the US at 2:30 pm (GMT+2). On a quarter-to-quarter basis, the index is expected to remain unchanged at 0.3%. Represents changes in prices for goods and services from the consumer point of view. Is considered an indicator of a change in consumption patterns and in inflation. A reading above expectations strengthens the USD. A reading below expectations weakens the USD.
Data on the Gross Domestic Product Annualized is due in the US at 2:30 pm (GMT+2). According to forecasts, in the first quarter the index will increase from 0.5% to 0.9%. The index represents the total value of goods and services created in the country during the year. Indicates the pace of a growth/decline of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Fed’s Yellen Speech is due at 4:30 pm (GMT+2). Janet Yellen is the Chair of the Fed since 2014.
The Reuters/Michigan Consumer Sentiment Index is due in the US at 4:30 pm (GMT+2). In May, the index is expected to fall from 95.8 to 95.4 points. The index is calculated by the experts from Reuters and the University of Michigan. Represents readiness of consumers to spend money in current economic conditions. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 26.05.2016
Switzerland
Data on Industrial Production is due in Switzerland at 9:15 am (GMT+2). The index tracks production volumes in the industrial sector. A growth in the index is a positive factor for the Swiss economy and strengthens the CHF.
UK
Data on the GDP for the first quarter of the year is due in the UK at 10:30 am (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at 2.1%. The index represents the value of all goods and services created in the country during the period. A high reading strengthens the GBP. A low reading weakens the GBP.
USA
Data on the Durable Goods Orders is due in the US at 2:30 pm (GMT+2). In April, the index is expected to fall from 0.8% to 0.4%. The index represents the change in the value of orders for durable goods (including transportation) that last more than 3 years. A growth in the number of orders is a positive sign for the economy. A fall in the number of orders signals economic slowdown. A high reading strengthens the USD.
Data on the Initial Jobless Claims is due at 2:30 pm (GMT+2) in the US. For the week ending 20 May the index is expected to fall from 278 to 275 thousands. The index is published weekly on Thursdays. Gives an approximation of what the next Nonfarm payrolls. A fall in the number of claims strengthens the USD. A growth in the index weakens the USD.
Data on Pending Home Sales for April is due in the US at 4:00 pm (GMT+2). On a month-to-month basis, the index is expected to fall from 1.4% to 0.6%. It is one of the main indicators of the property market. Is also considered an indicator of the general state of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Australia
RBA Assistant Governor Debelle Speech is due at 3:00 pm (GMT+2). Guy Debelle is also the Chairman of the Australian Foreign Exchange Committee and has an oversight of the Bank’s operations in the domestic and global financial markets.
Switzerland
Data on Industrial Production is due in Switzerland at 9:15 am (GMT+2). The index tracks production volumes in the industrial sector. A growth in the index is a positive factor for the Swiss economy and strengthens the CHF.
UK
Data on the GDP for the first quarter of the year is due in the UK at 10:30 am (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at 2.1%. The index represents the value of all goods and services created in the country during the period. A high reading strengthens the GBP. A low reading weakens the GBP.
USA
Data on the Durable Goods Orders is due in the US at 2:30 pm (GMT+2). In April, the index is expected to fall from 0.8% to 0.4%. The index represents the change in the value of orders for durable goods (including transportation) that last more than 3 years. A growth in the number of orders is a positive sign for the economy. A fall in the number of orders signals economic slowdown. A high reading strengthens the USD.
Data on the Initial Jobless Claims is due at 2:30 pm (GMT+2) in the US. For the week ending 20 May the index is expected to fall from 278 to 275 thousands. The index is published weekly on Thursdays. Gives an approximation of what the next Nonfarm payrolls. A fall in the number of claims strengthens the USD. A growth in the index weakens the USD.
Data on Pending Home Sales for April is due in the US at 4:00 pm (GMT+2). On a month-to-month basis, the index is expected to fall from 1.4% to 0.6%. It is one of the main indicators of the property market. Is also considered an indicator of the general state of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Australia
RBA Assistant Governor Debelle Speech is due at 3:00 pm (GMT+2). Guy Debelle is also the Chairman of the Australian Foreign Exchange Committee and has an oversight of the Bank’s operations in the domestic and global financial markets.
Claws and Horns
News of the day. 25.05.2016
Switzerland
Data on the UBS Consumption Indicator is due in Switzerland at 8:00 am (GMT+2). The index is based on 5 major consumption indicators. These include car sales, consumer confidence, retails sales, number of booked hotel rooms and the volume of credit card transactions.
Data on the ZEW Survey – Expectations for May is due in Switzerland at 11:00 am (GMT+2). The index is published by the Centre for the European Economic Research. It gives the evaluation of current economic conditions in Switzerland judging by the criteria, such as the business climate, employment level etc. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on the Gfk Consumer Confidence Survey is due in Germany at 8:00 am (GMT+2). In June, the index is expected to remain unchanged at 9.7 points. The index is published by the marketing company Gfk and is based on a survey of consumers aimed at evaluating their level of confidence in the economy of the country. Readings above 0 indicate consumer optimism and strengthen the EUR. Readings below 0 signal consumer pessimism and weaken the EUR.
Data on the IFO – Business Climate is due in Germany at 10:00 am (GMT+2). In May, the index is expected to grow from 106.6 to 106.8 points. The index is based on a survey of more than 7000 companies in order to find out their opinion on current business conditions. A growth in the index is considered positive and strengthens the EUR. A fall in the index pressures the EUR.
USA
Data on the Housing Price Index for March is due in the US at 3:00 pm (GMT+2). The index represents dynamics in the house prices. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Markit Services PMI for May is due in the US at 3:45 pm (GMT+2). The index is based on a survey of executives of companies operating in the service sector in order to find out their opinion on current conditions in the sector. A reading above 50 points is considered positive and strengthens the USD. A reading below 50 points weakens the USD.
Canada
After making it Interest Rate Decision, the Bank of Canada is publishing its Rate Statement, which contains commentaries regarding the decision and monetary policy.
The BoC Interest Rate Decision is due at 4:00 pm (GMT+2). The rate is expected to remain unchanged at 0.5%. The rate change is influencing interest rates of commercial banks and the CAD exchange rate. Rate growth strengthens the CAD. A rate cut weakens the CAD.
Switzerland
Data on the UBS Consumption Indicator is due in Switzerland at 8:00 am (GMT+2). The index is based on 5 major consumption indicators. These include car sales, consumer confidence, retails sales, number of booked hotel rooms and the volume of credit card transactions.
Data on the ZEW Survey – Expectations for May is due in Switzerland at 11:00 am (GMT+2). The index is published by the Centre for the European Economic Research. It gives the evaluation of current economic conditions in Switzerland judging by the criteria, such as the business climate, employment level etc. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on the Gfk Consumer Confidence Survey is due in Germany at 8:00 am (GMT+2). In June, the index is expected to remain unchanged at 9.7 points. The index is published by the marketing company Gfk and is based on a survey of consumers aimed at evaluating their level of confidence in the economy of the country. Readings above 0 indicate consumer optimism and strengthen the EUR. Readings below 0 signal consumer pessimism and weaken the EUR.
Data on the IFO – Business Climate is due in Germany at 10:00 am (GMT+2). In May, the index is expected to grow from 106.6 to 106.8 points. The index is based on a survey of more than 7000 companies in order to find out their opinion on current business conditions. A growth in the index is considered positive and strengthens the EUR. A fall in the index pressures the EUR.
USA
Data on the Housing Price Index for March is due in the US at 3:00 pm (GMT+2). The index represents dynamics in the house prices. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Markit Services PMI for May is due in the US at 3:45 pm (GMT+2). The index is based on a survey of executives of companies operating in the service sector in order to find out their opinion on current conditions in the sector. A reading above 50 points is considered positive and strengthens the USD. A reading below 50 points weakens the USD.
Canada
After making it Interest Rate Decision, the Bank of Canada is publishing its Rate Statement, which contains commentaries regarding the decision and monetary policy.
The BoC Interest Rate Decision is due at 4:00 pm (GMT+2). The rate is expected to remain unchanged at 0.5%. The rate change is influencing interest rates of commercial banks and the CAD exchange rate. Rate growth strengthens the CAD. A rate cut weakens the CAD.