FX.co ★ Traders economic calendar. Period: Current week

The HPI is based on transactions involving conventional and conforming mortgages - only on single-family properties.It is a weighted, repeat-sales index, which means that it measures average price changes in repeat sales or refinancings on the same properties. Percent change from a year earlier, 70 medium and large cities. It is a weighted average calculated by Thomson Reuters. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.

Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Exports free on board (f.o.b.) and imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics.

A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.

Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.

A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.

Chinese Fixed Asset Investment measures the change in the total spending on non-rural capital investments such as factories, roads, power grids, and property.

A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.

The Chinese unemployment rate measures the percentage of the total urban work force that is unemployed and actively seeking employment during the reported month. A higher than expected reading should be taken as negative/bearish for the CNY, while a lower than expected reading should be taken as positive/bullish for the CNY.

The National Bureau of Statistics of China (NBS) press conference publishes statistics related to the economy, population and society of the People's Republic of China at the national and local levels.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed bask of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. From 1995 the weight structure is based on the European National Accounting System Classification of Individual Consumtion by Purpose (COICOP).The consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It is a leading indicator of consumer price inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.

The consumer price index is used as a measurement of and is a key economic figure. Likely impact:

1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise.

2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates.

3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.

The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.

The consumer price index is used as a measurement of and is a key economic figure. Likely impact:

1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise.

2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates.

3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.

Commodity flows between the Norwegian statistical territory and other countries.The Norwegian statistical territory comprises the Norwegian customs territory, the Norwegian part of the continental shelf, Svalbard, Björnöya and Jan Mayen. Imports comprise goods that are declared directly at the border crossing or via a customs' warehouse. Imports of ships and oil platforms are transactions where a vessel is transferred from a foreign to a Norwegian company as registered owner of the vessel. Exports comprise goods declared for exports directly from free circulation and from customs warehouses. Exports of ships and oil platforms are transactions where a vessel is transferred from a Norwegian to a foreign company as registered owner of the vessel. In the external trade statistics the term ""traditional goods"" means goods exclusive of ships and oil platforms and exports also exclusive of crude oil and natural gas. A higher than expected reading should be taken as positive/bullish for the NOK , while a lower than expected reading should be taken as negative/bearish for the NOK.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The industrial production index is calculated by using the selective method comprising a representative sample of products and services. The evolution of industrial production is established based on the physical volume index, which is calculated from the series of representative products at the level of each industrial branch, and also on the basis of the weight of these products, calculated according to value added, using the Laspeyres-type formula. The industrial production index (IPI) is a volume index of Laspeyres type and measures the evolution results of industrial activities from one period to another.

The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Usually a rise in PPI will lead in a short time to a rise in CPI and therefore to a rising interest rates and rising currency. during recession, the producers are not able to roll over the rising cost of material to the consumer, so a rise in PPI will not be rolled over to the consumer but will lower the profitablility of the producer and will deepen the recession, that will lead to a fall in local currency.

The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.

A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.

The WPI index that measures and tracks the changes in price of all food related goods in the stages before the retail level.

The WPI index that measures and tracks the changes in price of all fuel related goods in the stages before the retail level.

The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers.

The higher this number is the stronger the affect on consumer inflation.

A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.

The WPI index that measures and tracks the changes in price of all manufacturing related goods in the stages before the retail level.

The Italian Trade Balance measures the difference in value between imported and exported goods during the reported month.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Trade Balance measures the difference in value between imported and exported goods sand services, from and to Eu countries, over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the PLN, while a lower than expected reading should be taken as negative/bearish for the PLN.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

Turkish Budget Balance is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.

The Trade Balance measures the difference in value between imported and exported goods sand services, from and to Non-Eu countries, over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Corporate Goods Price Index (CGPI) measures the change in the selling prices of goods purchased by Japanese corporations. The CGPI measures the change in the rate of inflation in Japan from the perspective of the manufacturer and is correlated with consumer price inflation.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

 The exports figure provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis.. A higher than expected number should be taken as positive to the INR, while a lower than expected number as negative

The Imports number measures any good or service brought into India from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. A lower than expected number should be taken as positive to the INR, while a higher than expected number as negative

The figures displayed in the calendar represent the average yield on the Bubill auctioned.

German Bubills have a maturity of up to 2 years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the Bubill represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The official reserve assets are assets denominated in foreign currency, readily available to and controlled by monetary authorities for meeting balance of payments financing needs, intervening in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). They present a very comprehensive picture on a monthly basis of stocks at market price, transactions, foreign exchange and market revaluations and other changes in volume.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment. A higher than expected reading should be taken as negative/bearish for the ILS , while a lower than expected reading should be taken as positive/bullish for the ILS.

The Bundesbank Monthly Report handles economic issues, including in particular monetary policy, and financial and economic policy issues.

The Focus Market Report provides weekly mean market expectations for inflation over following month, 12 months, and following year as well as expectations for Selic target rate, real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance, collected from over 130 banks, brokers, and funds managers.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.

Isabel Schnabel, member of the Executive Board of the European Central Bank, is set to speak. Her speeches often contain indications on the future possible direction of monetary policy.

The IBC-Br is widely considered to reflect gross domestic product data. It is the Index of Economic Activity of the Central Bank in BrazilA higher than expected reading should be taken as positive/bullish for the BRL , while a lower than expected reading should be taken as negative/bearish for the BRL.

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.

The Empire State Manufacturing Index rates the relative level of general business conditions New York state. A level above 0.0 indicates improving conditions, below indicates worsening conditions. The reading is compiled from a survey of about 200 manufacturers in New York state.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Manufacturing Sales measures the change in the overall value of sales made at the manufacturing level.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Wholesale Sales measures the change in the total value of sales at the wholesale level. It is a leading indicator of consumer spending.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

New Motor Vehicle Sales measures the change in the number of new cars and trucks sold domestically. It is an important indicator of consumer spending is closely correlated to consumer confidence.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.

The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.

French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.

French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.

French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

A higher than expected reading should be taken as positive/bullish for the PEN, while a lower than expected reading should be taken as negative/bearish for the PEN.

CPI based on the prices of a union market basket of commodities purchased and consumed by a representatives set of households in selected centers from all over the country, especially since the indices from one centre to another made comparability difficult. consumer price index to measure average change in the price of goods and services purchased by the specified groups of consumers.

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.

A higher than expected reading should be taken as negative/bearish for the PEN, while a lower than expected reading should be taken as positive/bullish for the PEN.

The CPI indicator measures the change in prices which consumers must pay for a fixed basket of consumption goods and services in urban areas. All goods and services intended for consumption including applicable taxes and fees on the product at the time of sales are included in the survey. A higher than expected reading should be taken as positive/bullish for the ILS , while a lower than expected reading should be taken as negative/bearish for the ILS.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

All goods and services intended for consumption including applicable taxes and fees on the product at the time of sales are included in the survey. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.

U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.

U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation) it is the closest single number we have got to such a measure. It is the sum of Final expenditures, Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad. The data are seasonally and calender adjusted.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation) it is the closest single number we have got to such a measure. It is the sum of Final expenditures, Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad. The data are seasonally and calender adjusted.

European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. As head of the ECB, which sets short term interest rates, she has a major influence over the value of the euro. Traders watch her speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. Her comments may determine a short-term positive or negative trend.

The export prices number tracks price changes of goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the KRW, while a lower than expected number as negative.

The Import Price Index measures the change in the price of imported goods purchased domestically.

A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.

The Food Price Index (FPI) measures the change in the cost of food and food services purchased by households.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

M3 Money Supply measures the change in the total quantity of domestic currency in circulation and deposited in banks. An increasing supply of money leads to additional spending, which in turn leads to inflation.

Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Depending on the degree of liquidity chosen to define an asset as money, various monetary aggregates are distinguished: M0, M1, M2, M3, M4, etc. Not all of them are used by every country. Note that methodology of calculating money supply varies between countries. M2 is a monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits and small certificates of deposit. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prices. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).

Data is an estimate of New Zealand Government securities held on behalf of non-residents. Government bonds include the total of all Government bonds and inflation indexed bonds. Treasury bills include the total of all Treasury bills.The proportion held for non-residents is calculated from the amount of bonds in the market. The bonds in the market do not include bonds held by Reserve Bank of New Zealand or by the Earthquake Commission. The survey seeks to identify the nominal amount of New Zealand Government securities held on behalf of non-residents. Since March 1994 this includes any securities held under repurchase agreement (repos). Repurchase agreements (repos): Arrangements under which one institution sells securities at a specified price to another, together with an agreement that they, or similar securities, will be purchased back at a fixed price on a specified future date. When a New Zealand institution acquires securities through repos, or transactions that replicate repos, they should be reported.

The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.

The FX reserve is an extremely pivotal indicator of Angola's economic stability. The Foreign Exchange Reserves are assets, commonly in a foreign currency, retained by Angola's central bank (the National Bank of Angola). They come from balance of payments surpluses, official aid, and borrowings on foreign markets.

The reserves are used to back liabilities and influence monetary policy. They include foreign banknotes, deposits, bonds, treasury bills, and other foreign government securities. Establishing whether these reserves are increasing or decreasing can be a valuable measurement of economic health, assisting in assessing the nation's ability to manage economic downturns.

The Average Earnings Index is an indicator of inflationary pressures emanating from the labour market. The effect of a higher or lower figure than expected can be both bullish or bearish.

The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average Earnings figure gives us a good indication of personal income growth during the given month.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.

A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.

Change in the number of employed people. Data represents the 3-month moving average compared to the same period a year earlier.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous three months.

A higher than expected reading should be taken as negative/bearish for the GBP, while a lower than expected reading should be taken as positive/bullish for the GBP.

Wages and salaries are defined as "the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in returnfor work done during the accounting period" regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.Y/Y - percentage change over corresponding period of the previous year. Gross monthly average earnings of full-time employees in the national economy.

Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production oras they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated.

Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production oras they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated. Inflation at this producer level often gets passed through to the Consumer Price Index (CPI). By tracking price pressures in the pipeline, inflationary consequences in coming months can be anticipated.

Core quantifies growth rate of price level on incomplete consumer basket. From the consumer basket there are excluded the items with regulated prices and items with prices influenced by other administrative measurements. The items that will be changed due to tax amendments (e.g. changes in VAT, excise taxes) remain in the consumer basket, but the influence of tax amendmentsis eliminated.

Core quantifies growth rate of price level on incomplete consumer basket. From the consumer basket there are excluded the items with regulated prices and items with prices influenced by other administrative measurements. The items that will be changed due to tax amendments (e.g. changes in VAT, excise taxes) remain in the consumer basket, but the influence of tax amendmentsis eliminated.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

The Italian Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Italian Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Italian Consumer Price Index (CPI) Ex Tobacco is a key economic indicator that measures the change in the price of goods and services purchased by households in Italy, excluding tobacco products. The data is released monthly by the Italian National Institute of Statistics (ISTAT) and is used to analyze inflation trends within the country.

As tobacco prices can be influenced by various external factors, excluding them from the CPI provides a clearer picture of the overall inflation rate. The index captures price changes for a diverse range of goods and services, allowing economists and market participants to gauge the purchasing power of the Italian consumers.

A higher than expected reading signals an increase in inflation, which could potentially lead to an increase in interest rates and a strengthening of the Italian currency. Conversely, a lower than expected reading could signal weaker inflation, prompting the possibility of lower interest rates or other easing measures by the central bank to stimulate economic growth.

Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the reported month. A higher than expected reading should be taken as negitive/bearish for the HKD , while a lower than expected reading should be taken as positive/bullish for the HKD.

This survey summarizes the net percentage of positive and negative responses regarding the expectations for economic growth in the next 6 months, as given by financial analysts from banks, insurance companies and large industrial enterprises. For example, if 50% believe that the economic situation will improve and 20% believe it will get worse, the result will be +30.

The survey deals with the markets of Germany, the USA, Japan, Great Britain, France, Italy and other EU countries.

A reading that is stronger than forecast is generally supportive (bullish) for the Euro, while a weaker than forecast reading is generally negative (bearish) for the Euro.

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Breakdown of total nominal hourly labour costs, whole economy: wages.% change from previous year, not seasonally adjusted. In addition to employees gross earnings, total labour costs include indirect costs such as employers social contributions and taxes connected to the employment. Gross earnings or wages arethose paid directly and regularly by the employer at the time of each wage payment. They include the value of any social contributions, income taxes, etc. payable by the employee, even if actually withheld by the employer and paid directly to social insurance schemes, tax authorities, etc. on behalf of the employee. Hourly labour cost indices show the short-term development of the total cost for employers of employing the labour force. These indices are calculated by Member States using jointly-agreed definitions. When calculating these indices, all enterprises, whatever their size, and all employees should be taken into account. Labour costs include gross wages and salaries, employers social contributions and taxes net of subsidies connected to employment. Labour costs here do not include costs for occupational training or other costs such as those for canteens or recruitment. Hourly labour costs are obtained by dividing the total of these costs for all employees in a defined country by all hours worked by these employees. Here, instead of hours worked, hours paid/number of employees might have been used as a measure of volume of labour.""

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance.. A higher than expected number should be taken as positive to the EUR, while a lower than expected number as negative.

The Labor Cost Index measures the change in the price businesses pay for labor, excluding overtime. It is a leading indicator of consumer inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment Index rates the relative six-month economic outlook for the euro zone. On the index, a level above zero indicates optimism, below indicates pessimism. It is a leading indicator of economic health. The reading is compiled from survey of about 350 German institutional investors and analysts.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The figures displayed in the calendar represent the average yield on the Bobls note auctioned.

German Bobls notes have maturities of five years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the Bobls represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation). It is the closest single number we have got to such a measure. It is the sum of final expenditures; Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocksA higher than expected reading should be taken as positive/bullish for the ILS, while a lower than expected reading should be taken as negative/bearish for the ILS.

CPI based on the prices of a union market basket of commodities purchased and consumed by a representatives set of households in selected centers from all over the country, especially since the indices from one centre to another made comparability difficult. consumer price index to measure average change in the price of goods and services purchased by the specified groups of consumers.

The Cbank CoD Rate is an economic calendar event in Denmark that refers to the interest rate on short-term debt instruments issued by the country's central bank, also known as the certificate of deposit rate. This rate can affect borrowing costs for businesses and consumers, and influence investment decisions, as it plays a significant role in determining the overall direction of interest rates in the Danish economy.

A change in the Cbank CoD Rate may signal a change in monetary policy, reflecting the central bank's stance on inflation and economic growth. When the central bank increases the CoD rate, borrowing becomes more expensive, which could potentially slow down economic growth and inflation. Conversely, a decrease in the rate may stimulate economic activity and might lead to higher inflation.

Investors, analysts, and businesses closely monitor changes in the Cbank CoD Rate, as it can provide critical insight into the central bank's future policy decisions, as well as the general health and direction of the Danish economy. As a time-sensitive economic event, market participants should keep a close eye on announcements and decisions related to the Cbank CoD Rate.

The Current Account Rate is one of Denmark's key economic indicators that measures the difference between the country's total imports and exports of goods and services, as well as transfers and net income from investments across national borders.

A positive Current Account Rate indicates that Denmark has a trade surplus, which means that the value of its exported goods and services exceeds the value of its imports. On the other hand, a negative Current Account Rate implies that Denmark has a trade deficit, with higher import values than its exports.

This economic calendar event is important for financial market participants, since it provides insights into the country's trade balance, as well as its overall economic health and growth prospects. Investors, businesses, and policymakers closely monitor the Current Account Rate to make informed decisions about their investments and economic policies.

The discount rate is a key economic event for Denmark, as it affects the nation's borrowing costs, investments, and overall financial markets. This significant monetary policy tool, set by Danmarks Nationalbank, represents the interest rate charged to commercial banks for short-term loans.

In addition to influencing the cost of borrowing for businesses and households, the discount rate also impacts the money supply, inflation, and employment. A higher rate typically restricts the money supply, while a lower rate encourages economic growth and lending activity. The bank's adjustments to the rate stem from its aims to ensure price stability and maintain the stability of the Danish krone.

Investors and financial analysts keep a close watch on changes to the discount rate, as it has important implications for the trajectory of economic growth and future policy decisions. As a result, fluctuations in the rate can lead to shifts in market sentiment and market performance. To stay informed about the economy and make educated financial decisions, it is crucial to monitor the discount rate's development.

The Denmark Lending Rate is a key economic calendar event that highlights the interest rate set by the Danmarks Nationalbank, which is the country's central bank. This rate affects the cost of borrowing for financial institutions, and in turn, influences various facets of the Danish economy.

When the central bank adjusts the lending rate, it can either boost economic growth by encouraging borrowing and investment or curb inflation by making borrowing more expensive. As a result, changes in the lending rate can cause significant shifts in various financial markets, including stocks, bonds, and currency exchange rates.

Investors, traders, and businesses closely monitor this event as it provides valuable insight into the stance of Denmark's monetary policy and the overall economic health of the country.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.

A higher than expected reading should be taken as negative/bearish for the BRL, while a lower than expected reading should be taken as positive/bullish for the BRL.

German Buba Vice President Buch Speaks is an economic event where the Vice President of the Deutsche Bundesbank, Claudia Buch, delivers speeches or remarks on the current economic situation and prospects of Germany. This event holds significance for investors and market participants, as it may provide insights into the country's economic outlook and potential policy changes by the central bank. Commentary and signals from key officials like Buch can influence market sentiment and volatility in the short-term, making this an event worth watching for those tracking the German economy and its impact on the financial markets.

The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period. The consumer price index is used as a measurement of and is a key economic figure. Likely impact: 1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise. 2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates. 3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.

Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The Import Price Index measures the change in the price of imported goods and services purchased domestically.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Retail Control is an important economic calendar event for the United States that measures the overall health of the retail sector. The data for this event is generally released on a monthly basis and provides insights into consumer spending behavior, as well as retail sales trends.

This event highlights the total value of sales at the retail level, excluding sales from automobiles and fuel stations. By monitoring the activity of the retail sector, analysts and investors can gauge the strength of consumer spending, which is a critical component of the economy.

Strong retail control figures indicate robust consumer spending and a growing economy, while weaker retail control results suggest that consumers may be cutting back on spending, which could signal a slowdown in economic growth. As a result, the Retail Control event is keenly watched by market participants to assess the potential impact on financial markets and the overall economy.

Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices andfood prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if theincrease is larger than forecast, it may be inflationary.

Change in the price of goods and services, purchased by consumers, which have similar price variations over time.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer excluding foos and energy, wom prices tend to be very volatile. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Change in the median price of goods and services purchased by consumers.

Change in the price of goods and services purchased by consumers, excluding the most volatile 40% of items.

Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The Import Price Index measures the change in the price of imported goods and services purchased domestically. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The Capacity Utilization Rate is the percentage of production capacity being utilized in the U.S.(available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Business Inventories measures the change in the worth of unsold goods held by manufacturers, wholesalers, and retailers. A high reading can indicate a lack of consumer demand.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

The National Association of Home Builders (NAHB) Housing Market Index (HMI) rates the relative level of current and future single-family home sales. The data is compiled from a survey of around 900 home builders. A reading above 50 indicates a favorable outlook on home sales; below indicates a negative outlook.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Retail Inventories Ex Auto is an economic indicator that measures the changes in the value of retail inventories. This metric provides insight into the health of the retail sector by analyzing the value of unsold goods held by retailers, excluding automobile and auto parts dealers. A growing inventory can signal that consumer demand is weak, leading retailers to hold onto a surplus of products. On the other hand, a decline in retail inventories can indicate increased consumer spending, stronger business confidence, and positive economic growth.

Investors, market participants, and policymakers pay close attention to this data, as it serves as a valuable tool for gauging the overall health of the retail sales industry and the broader economy. Additionally, changes in retail inventories can also have a direct impact on GDP calculations, making it a significant factor in assessing economic growth. Monitoring the Retail Inventories Ex Auto can help market participants make informed decisions about potential shifts in consumer behavior and the economic landscape.

The Interest Rate Decision is a crucial economic event on the calendar for Angola. This announcement is made by the National Bank of Angola, which sets the interest rates for the country. The decision on whether to increase, decrease, or maintain the current interest rate levels is primarily based on the nation's economic health.

When the economy is overheating, with inflation rising, the bank may decide to raise interest rates to cool down economic activity by making borrowing more expensive. Conversely, if the economy is in a downturn with low inflation, the bank may decide to lower interest rates to stimulate economic activity by making borrowing cheaper.

Investors and analysts closely monitor this event, as it directly affects the cost of borrowing within the country and impacts the value of the Angolan Kwanza. This, in turn, can influence the investment climate and the balance of trade, significantly affecting the overall economic scenario of Angola.

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the COP, while a lower than expected reading should be taken as negative/bearish for the COP.

Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices andfood prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if theincrease is larger than forecast, it may be inflationary.

Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.

Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.

The figures displayed in the calendar represent the yield on the Treasury Bond auctioned. U.S. Treasury Bonds have maturities from ten up to 30 years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bond represents the return an investor will receive by holding the bond for its entire duration. All bidders receive the same rate at the highest accepted bid. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.

If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

The Westpac Consumer Sentiment Index measures the change in the level of consumer confidence in economic activity. On the index, a level above 100.0 indicates optimism, below indicates pessimism. The data is compiled from a survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the folling: - trade balance - exports and imports of goods and services - income payments and expenditure interest, dividends, salaries - unilateral transfers aid, taxes, one-way gifts. It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies. It is also important to investors of domestic companies that depend on exports.

 This Exports number provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis.. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative

An import is any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. A lower than expected number should be taken as positive to the JPY while a higher than expected number as negative

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the JPY , while a lower than expected reading should be taken as negative/bearish for the JPY Anyways.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

The Westpac/Melbourne Institute (MI) Leading Index is a composite index based on nine economic indicators, which is designed to predict the direction of the economy.The data is compiled from economic indicators related to consumer confidence, housing, stock market prices, money supply, and interest rate spreads. The report tends to have a muted impact because most of the indicators used in the calculation are released previously.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.

Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.

The RBA Assistant Governor Jones Speaks event is an important economic calendar event for Australia. During this event, the Assistant Governor of the Reserve Bank of Australia (RBA) delivers a speech covering various topics related to the nation's economic and financial landscape.

Market participants, investors, and analysts closely monitor these speeches to gain insights into the RBA's outlook on the economy, monetary policy decisions, and potential changes in interest rates. The remarks made by the Assistant Governor can have significant implications for the Australian Dollar and financial markets, as they may provide hints about future policy adjustments and the overall economic trajectory of the country.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.

A higher than expected reading should be taken as negative/bearish for the SGD, while a lower than expected reading should be taken as positive/bullish for the SGD.

The Core Consumer Price Index (CPI) is a key measure of the inflation trend in the UK economy, and it's released by the Office for National Statistics. Unlike the standard CPI measure, the Core CPI excludes more volatile items, such as food, energy, alcohol and tobacco, in order to provide a more accurate picture of the underlying inflationary trend. This data is of high importance to market participants, because the CPI and its components influence many areas of economic policy, including interest rate decisions by the Bank of England. If the Core CPI increases at a faster rate than expected, it could signal higher inflationary pressures, potentially leading to policy rate increases and subsequently impacting the value of the pound and UK assets.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Retail Price Index was first calculated for June 1947 and was the principal official measure of inflation in the UK before the start of the CPI figure.The core RPI excludes mortgage payments, therefore its difference from CPI is minor, but exists. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Retail Price Index was first calculated for June 1947 and was the principal official measure of inflation in the UK before the start of the CPI figure.The core RPI excludes mortgage payments, therefore its difference from CPI is minor, but exists. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Consumer Price Index (CPI, n.s.a) is an essential economic calendar event for the United Kingdom, providing critical information about the country's inflation status. The CPI measures the change in the prices of a specific basket of goods and services purchased by households over a particular time period. This economic indicator is a vital tool for evaluating the cost of living and purchasing power of consumers across the nation.

As a non-seasonally adjusted (n.s.a) figure, the CPI does not account for seasonal fluctuations in prices, such as holiday periods or seasonal changes in product demand. This allows for a more accurate reflection of current price trends, aiding policymakers and investors in making well-informed financial decisions. A higher-than-expected CPI reading may indicate increasing inflation, potentially leading to higher interest rates and a strengthening currency. Conversely, a lower-than-expected reading may point to a weakening currency and lower interest rates, as policymakers address the potential threat of deflation.

The Retail Price Index (RPI) measures the change in the price of goods and services purchased by consumers for the purpose of consumption. RPI differs from Consumer Price Inflation (CPI) in that it only measures goods and services bought for the purpose of consumption by the vast majority of households and includes housing costs, which are excluded from CPI.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Retail Price Index was first calculated for June 1947 and was the principal official measure of inflation in the UK before the start of the CPI figure. The main difference is that RPI includes mortgage interest payments as opposed to CPI which doesn't. . The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The definition for an unemployed person is: Persons (16-65 years) who were available for work (except for temporary illness) but did not work during the survey week, and who made specific efforts to find a job within the previous 4 weeks by going to an employment agency, by applying directly to an employer, by answering a job ad, or being on a union or professional register. The percentage number is calculated unemployed / (employed + unemployed). A higher than expected reading should be taken as negative/bearish for the SEK , while a lower than expected reading should be taken as positive/bullish for the SEK.

Consumer Prices Index, including owner occupiers’ housing costs (CPIH) is a lead inflation index; it is the most comprehensive measure of UK as it includes owner occupiers’ housing costs and Council Tax, which are excluded from the CPI.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

The HICP are designed expressly for international comparisons of consumer price across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose). As a result a number of CPI series are excluded from the HICP, most particularly owner occupiers housing and council tax. However, the HICP includes series for personal computers, new cars and air fairs.

The HICP are designed expressly for international comparisons of consumer price across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose). As a result a number of CPI series are excluded from the HICP, most particularly owner occupiers housing and council tax. However, the HICP includes series for personal computers, new cars and air fairs.

The SECO Economic Forecasts is an important event on the economic calendar for Switzerland, as it provides crucial insights into the state of the country's economy. Released quarterly by the State Secretariat for Economic Affairs (SECO), this report presents an in-depth analysis of current economic conditions and offers projections for future growth, inflation rates, and unemployment.

Investors, policymakers, and businesses pay close attention to the SECO Economic Forecasts as it helps them make informed decisions regarding investments, policy-making, and overall economic strategies in Switzerland. The data provided in this report can potentially lead to a notable impact on the Swiss Franc and other financial markets closely related to the Swiss economy.

The terms of a standardized loan are formally presented (usually in writing) to each party in the transaction before any money or property changes hands. If a lender requires any collateral, this will be stipulated in the loan documents as well. Most loans also have legal stipulations regarding the maximum amount of interest that can be charged, as well as other covenants such as the length of time before repayment is required. Loans can come from individuals, corporations, financial institutions and governments. They are a way to grow the overall money supply in an economy as well as open up competition, introduce new products and expand business operations. Loans are a primary source of revenue for many financial institutions such as banks, as well as some retailers through the use of credit facilities.

The Deposit Facility Rate is a key monetary policy tool used by the central bank of Indonesia, Bank Indonesia, to control the money supply in the economy. This economic calendar event involves the announcement of the interest rate paid by the central bank to commercial banks for their overnight deposits.

Commercial banks deposit their excess reserves with Bank Indonesia, and they are compensated with an interest known as the Deposit Facility Rate. When the rate is adjusted higher, it incentivizes banks to place more of their excess reserves with the central bank, thus reducing the amount of money available in the economy. Conversely, when the rate is lowered, it discourages banks from depositing excess funds and encourages them to lend more, which stimulates economic activity.

Market participants closely monitor changes in the Deposit Facility Rate since the interest rate decisions can significantly impact the Indonesian Rupiah's exchange rate, inflation, and overall economic growth. Changes in the deposit facility rate can also influence the direction of other short-term interest rates in the country, which then impacts borrowing costs for both businesses and consumers.

The Lending Facility Rate event is an important economic calendar indicator in Indonesia that reflects the central bank's policy rate. The rate is set by the Bank of Indonesia and effectively represents the interest rate charged to commercial banks for borrowing funds from the central bank.

Decisions on the lending facility rate are determined after a careful analysis of various factors, including inflation, overall economic growth, and global market conditions. Financial institutions, investors, and businesses closely monitor this rate, as changes can significantly impact the economy.

A higher lending facility rate can lead to increased borrowing costs for commercial banks, which, in turn, can reduce the availability of credit for businesses and consumers, slowing down economic growth. Conversely, a lower rate can stimulate economic activity by making borrowing less expensive, thereby encouraging investment and spending.

The Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected reading should be taken as positive/bullish for the IDR, while a lower than expected reading should be taken as negative/bearish for the IDR.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the ZAR, while a lower than expected reading should be taken as negative/bearish for the ZAR.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the ZAR, while a lower than expected reading should be taken as negative/bearish for the ZAR.

The Consumers Price Index (CPI) measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. In other words, prices indicator of what is happening to prices, consumers are paying for items purchased. With a given starting point or base period which is usually taken as 100, the CPI can be used to compare current period consumer prices with those in the base period. Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.

The Consumers Price Index (CPI) measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. In other words, prices indicator of what is happening to prices, consumers are paying for items purchased. With a given starting point or base period which is usually taken as 100, the CPI can be used to compare current period consumer prices with those in the base period. Consumer Price index is the most frequently used indicator of and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys. A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.

The Office for National Statistics House Price Index measures the change in the selling price of homes. This data tends to have a relatively mild impact because there are several earlier indicators related to house prices.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. The data has a relatively mild impact because overall CPI is the European Central Bank's mandated target.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Consumer Price Index (CPI) measures the change in the price of goods and services excluding tobacco from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Consumer Price Index (CPI) measures the change in the price of goods and services excluding tobacco from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The harmonised indices of consumer prices (HICPs) are calculated according to harmonised definitions and therefore provide the best statistical basis for international comparisons of consumer price inflation from the European Union perspective.The HICP for the euro area is the key indicator of price stability recognised by the European Central Bank and the European System of Central Banks.

The harmonised indices of consumer prices (HICPs) are calculated according to harmonised definitions and therefore provide the best statistical basis for international comparisons of consumer price inflation from the European Union perspective.The HICP for the euro area is the key indicator of price stability recognised by the European Central Bank and the European System of Central Banks.

The Consumer Price Index (CPI), non-seasonally adjusted, is a measure that assesses changes in the price of goods and services purchased by households in the Euro Zone. As a widely followed indicator, the CPI helps in understanding the inflation rate and the purchasing power of consumers in relation to changes in prices.

For this particular event, the CPI data presented is not seasonally adjusted, which means it doesn't account for fluctuations in prices related to seasonal factors. These factors may include, for example, changes in prices due to holiday seasons or seasonal production cycles. As a result, the non-seasonally adjusted CPI gives a less smoothed estimate of inflation, one that more directly reflects the actual variation in prices experienced by consumers.

Analysts, traders, and policymakers pay close attention to the CPI as it can influence monetary policies, business decisions, and investments. A rising CPI signals increasing inflation, which may lead to changes in interest rates or other policy adjustments aimed at controlling price levels, as well as impacting the value of the Euro and financial market expectations.

The figures displayed in the calendar represent the average yield on the Buxl bond auctioned.

Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the 30 year Bund represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The Residential Property Prices event tracks the changes in the sale prices of residential properties in Ireland. This important economic indicator serves as a gauge for the health and direction of the housing market in the country.

Accurate and up-to-date information on property prices can assist potential homebuyers, sellers, investors, and policymakers in making informed decisions. Factors such as supply and demand, interest rates, and economic conditions can impact property prices. An increase in residential property prices indicates a growing housing market and strong demand, while a decrease may suggest a weakening market with lowered demand.

Keep an eye on Ireland's Residential Property Prices event to better understand the current housing market trends and make well-informed decisions related to property investments and transactions.

The Residential Property Prices event is an important indicator for the real estate sector in Ireland. It provides insight into the selling prices of residential properties, including new and used homes, apartments, and townhouses. This event is closely monitored by economists, investors, and policymakers as it affects both the housing market and the overall economy.

Higher residential property prices may indicate a growing economy with increased demand for housing, while lower prices may signify a slowdown or recession. The data is also helpful for first-time homebuyers, property investors, and real estate professionals in making informed decisions.

It's worth mentioning that this event is subject to fluctuations based on factors such as supply and demand, interest rates, and government policies. Thus, it's crucial to analyze the data in context with other economic indicators for a comprehensive understanding of the Irish economy.

Producer Price Inflation (PPI) is a significant economic event for Ghana that measures the average changes in prices received by domestic producers for their output on the wholesale level. It serves as a key indicator of inflationary trends in the manufacturing sector, influencing monetary policy decisions.

The Ghana Statistical Service releases the index monthly, tracking the changes in PPI among three main industry groups: mining and quarrying, manufacturing, and utilities. An increase in PPI often signifies inflationary pressures, which could lead to increased costs for consumers, while a decrease may indicate deflation and declining economic activity. Thus, this data is keenly observed by market analysts, investors, and policymakers.

The IGP-10 Inflation Rate measures the change in the price of goods and services from last month's 11th day to the current month's 10th. A higher than expected reading should be taken as negative/bearish for the BRL, while a lower than expected reading should be taken as positive/bullish for the BRL.

Retail trade refers to establishments that retail merchandise goods without processing to consumers for personal or domestic use. Statistics South Africa conducts a monthly survey of the retail trade industry, covering retail enterprises. This survey is based on a sample drawn from the 2004 Business Sample Frame (BSF) that contains businesses registered for value-added tax (VAT) and income tax. Retail trade sales include value added tax (VAT). A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.

Fixed 30-year mortgage lending rates for 80% loan-to-value mortgage (source by MBA).

Mortgage Bankers Association (MBA) Mortgage Applications measures the change in the number of new applications for mortgages backed by the MBA during the reported week.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

MBA - Mortgage Bankers Association of America. The Purchase Index includes all mortgages applications for the purchase of a single-family home. It covers the entire market, both conventional and government loans, and all products. The Purchase Index has proven to be a reliable indicator of impending home sales.

MBA - Mortgage Bankers Association of America. The Market Index covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.

MBA - Mortgage Bankers Association of America. The Refinance Index covers all mortgage applications to refinance an existing mortgage. It is the best overall gauge of mortgage refinancing activity. The Refinance Index includes conventional and government refinances, regardless of product (FRM or ARM) or coupon rate refinanced into or out of. Seasonal factors are less significant in refinances than in home sales, however holiday effects are considerable.

Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. M3 is a broad monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits, certificates of deposit, all other deposits and repurchase agreements. A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.

Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Building Permits is a report closely watched by economists and investors alike. Since all related factors associated with the construction of a building are important economic activities (for example, financing and employment), the building permit report can give a major hint as to the state of the economy in the near future. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

Housing Starts measures the change in the number of new constructions underway. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative

Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Foreign Securities Purchases measures the overall value of domestic stocks, bonds, and money-market assets purchased by foreign investors.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Foreign Securities Purchases by Canadians is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time. A high number indicates currency outflow (residents buy foreign securities, therefore change their CADs to the foreign currecny), therefor a higher than expected number would be dovish for the CAD, while a lower than expected number would be bullish.

Bank of Canada (BOC) governing council members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD.

The Bank of Canada Rate Statement is the primary tool the Bank of Canada uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.

The Bank of Canada (BOC) press conference looks at the factors that affected the most recent interest rate decision, the overall economic outlook, inflation and offers insights into future monetary policy decisions.

The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.

If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

The EIA Refinery Crude Runs is an economic calendar event that focuses on the weekly report provided by the United States Energy Information Administration (EIA). This report features data on the total volume of crude oil processed within American refineries, also known as crude runs.

An increase in refinery crude runs could indicate higher demand for crude oil, which in turn corresponds to strong economic growth. On the other hand, a decrease in refinery crude runs may signal a possible decline in demand for crude oil or refining capacity, reflecting weakening economic activity. As a result, industry participants and market analysts pay close attention to this data, as it can significantly impact the crude oil market and provide insights into the overall health of the US economy.

Crude Oil Imports is an economic calendar event that highlights the change in the volume of imported crude oil into the United States. This information provides valuable insights into the overall health of the US energy sector and the nation's reliance on foreign oil supplies.

A positive change in the volume of crude oil imports indicates an increasing demand for oil, which could be driven by factors such as economic growth and rising industrial activity. Conversely, a decrease in crude oil imports may suggest a decline in demand or an increase in domestic oil production. This data can have a significant impact on the oil market and the value of the US dollar, as well as influencing the decisions of policymakers and investors.

Crude Oil Imports is typically monitored by energy market participants, economists, and policymakers, as it can provide useful insights into the dynamics of the energy market and potential shifts in global market trends. The data is released by the US Energy Information Administration (EIA) on a weekly basis, and it is widely regarded as a key indicator of the US energy market's performance.

Change in the number of barrels of crude oil held in storage at the Cushing, Oklahoma during the past week. Storage levels at Cushing are important because it serves as the delivery point for the U.S. crude oil benchmark, West Texas Intermediate.

Distillate Fuel Production is an important economic indicator that provides insight into the overall energy production and demand in the United States. Distillate fuels, such as diesel and heating oil, are commonly used for a variety of purposes, including transportation, heating, and industrial processes. This data is closely monitored by both investors and policymakers as a measure of the health of the energy sector and the overall economy.

Increased distillate fuel production can result from rising demand due to economic growth, seasonal factors, or changes in energy policies. Conversely, decreased production can reflect weakening demand or supply disruptions. This indicator's fluctuations may impact the prices of distillate fuels, which in turn can affect consumer spending, inflation, and trade balances.

Distillate Fuel Production figures are typically released on a weekly basis by the U.S. Energy Information Administration (EIA), providing updated and relevant data for traders, investors, and businesses alike. Understanding the trends and patterns in this data can help inform decision-making processes and investment strategies.

The Energy Information Administration reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage. The indicator gives an overview of US petroleum demand.

Gasoline Production is a significant economic calendar event that pertains to the United States. It indicates the volume of gasoline manufactured domestically on a weekly basis. The data is collected and published by the Energy Information Administration (EIA).

As gasoline is a key component in fueling the transportation sector, its production levels have a notable impact on energy prices, supply chains, and consequently, the overall economy. When gasoline production increases, it reflects positively on the industrial sector's performance and serves as an indicator of economic growth.

However, high gasoline production levels may also lead to an oversupply in the market, causing prices to drop. Investors and analysts track the Gasoline Production report to make informed decisions regarding the energy and transportation sectors' performance and predict the potential implications on the general economy.

Heating Oil Stockpiles is an economic calendar event that provides insights into the United States' current inventory levels of distillate fuel oil, which is primarily used for home heating purposes. These stockpiles are essentially reserves of heating oil that are stored, produced, and supplied to meet the country's demand during cold months and fluctuating market conditions.

Tracking heating oil stockpile trends can help investors gauge the overall health of the energy market and anticipate potential price fluctuations in heating oil. Significant changes in the stockpile levels may indicate disparities between supply and demand for the commodity, thus affecting its market price. These data can also provide valuable information about the performance and stability of refining companies, distributors, and other businesses within the oil and gas industry.

This economic calendar event is typically released by the United States Energy Information Administration (EIA) on a weekly basis. Investors, traders, and analysts closely monitor these data to formulate strategies and make informed decisions in the energy markets.

The EIA Weekly Refinery Utilization Rates is an important economic calendar event that provides valuable insights into the weekly performance of refineries in the United States. The Energy Information Administration (EIA) releases this report to measure the percentage of available refining capacity that is being utilized by refineries during the specified period.

These utilization rates are critical for market participants, policymakers, and analysts as they offer a clear picture of the state of the refinery sector. Changes in refinery utilization rates may indicate shifts in the overall energy market, including the demand and supply dynamics for crude oil, gasoline, and other petroleum products. Should the rates rise, it may signal increasing demand for fuel or strong economic activity, while declining rates can be a sign of weakening demand or economic slowdown.

Investors, traders and businesses typically use this information to help them make decisions and predictions about the energy market, oil prices, and the overall performance of the economy. Hence, the EIA Weekly Refinery Utilization Rates constitutes a highly significant economic calendar event for the United States.

Gasoline Inventories measures the change in the number of barrels of commercial gasoline held in inventory by commercial firms during the reported week. The data influences the price of gasoline products which affects inflation.

The data has no consistent effect, there are both inflationary and growth implications.

The Atlanta Fed GDPNow is an economic event that provides a real-time estimate of the United States' gross domestic product (GDP) growth for the current quarter. It serves as a valuable indicator for analysts, policymakers, and economists looking to gauge the health of the American economy.

Created and maintained by the Federal Reserve Bank of Atlanta, the GDPNow model utilizes a sophisticated algorithm that processes incoming data from official government sources. These sources include reports on manufacturing, trade, retail sales, housing, and other sectors, which allows the Atlanta Fed to update their GDP growth projections on a frequent basis.

As an essential benchmark for economic performance, the GDPNow forecast can significantly impact financial markets and influence investment decisions. Market participants often use the GDPNow forecast to adjust their expectations regarding monetary policies and various economic outcomes.

The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Usually a rise in PPI will lead in a short time to a rise in CPI and therefore to a rising interest rates and rising currency. during recession, the producers are not able to roll over the rising cost of material to the consumer, so a rise in PPI will not be rolled over to the consumer but will lower the profitablility of the producer and will deepen the recession, that will lead to a fall in local currency.

The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Usually a rise in PPI will lead in a short time to a rise in CPI and therefore to a rising interest rates and rising currency. during recession, the producers are not able to roll over the rising cost of material to the consumer, so a rise in PPI will not be rolled over to the consumer but will lower the profitablility of the producer and will deepen the recession, that will lead to a fall in local currency.

The Prime interest rate event refers to when the Central Bank of Ghana announces its monetary policy stance pertaining to the base interest rate. This rate is the minimum rate at which commercial banks can borrow funds from the Central Bank. It serves as a benchmark for determining interest rates for different forms of lending and investment across the country.

Changes in the prime interest rate can significantly influence Ghana's economic conditions, influencing borrowing costs, investment appetites, and overall economic growth. Increasing rates usually mean that borrowing is more expensive, which could slow down economic activity. Conversely, lower rates might encourage more borrowing and investment, potentially stimulating the economy.

This economic event is crucial for market participants, such as investors, financial institutions, and businesses, as it aids in anticipating market trends and making informed financial decisions.

Deutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council. ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

Interest Rate Projection for the 1st year is an economic calendar event in the United States that forecasts the interest rates for the upcoming year. It provides valuable insights into the future trends of the interest rates, which can impact various aspects of the economy, such as borrowing costs, investment decisions, and currency valuations.

This projection is closely monitored by investors, businesses, and policymakers to make well-informed financial decisions and assess the overall health of the economy. By considering various factors like inflation, economic growth, unemployment rates, and other economic indicators, the projection sets expectations for future interest rates and helps in anticipating how the Federal Reserve might adjust its monetary policy in response to these factors.

The Interest Rate Projection - 2nd Yr event is an economic indicator that provides insights into the expected direction of interest rates within the United States for the second year. This projection is a valuable tool for investors, businesses, and policymakers to make informed decisions based on the anticipated movement of interest rates.

The Federal Reserve plays a crucial role in determining the interest rates and managing monetary policy. Interest Rate Projections are essential for assessing the overall health of the economy, inflation, and unemployment rates. These projections aid decision-makers in planning their investments and strategies according to future economic conditions. A higher interest rate typically signals a stronger economy, while a lower rate may indicate economic weakness or uncertainty.

The Interest Rate Projection - Current is an economic calendar event for the United States that reflects the market's expectations for future central bank interest rate decisions. Economists, analysts, and market participants use these projections to assess the likely short-term direction of interest rates, which can impact borrowing costs, investment decisions, and financial market activity.

These projections are based on various factors, such as economic growth, inflation, and employment data, as well as global economic developments and geopolitical risks. The Interest Rate Projection - Current is an essential tool for understanding the potential monetary policy direction and its implications for businesses, investors, and consumers.

The Interest Rate Projection - Longer is an economic calendar event for the United States that represents the long-term forecasts for interest rates. This projection, made by central banking authorities like the Federal Reserve, helps market participants and analysts better anticipate future economic developments and monetary policy decisions. The longer-term interest rate forecasts typically cover a period of several years.

These projections can have significant implications for the economy, as interest rates impact borrowing costs, investment decisions, and the value of assets. For instance, higher long-term interest rates can result in increased costs for borrowers, while lower rates can stimulate economic growth through more accessible credit. As such, the Interest Rate Projection - Longer is an essential event to keep an eye on in order to understand both the overall economic outlook and the potential implications for various sectors and financial instruments.

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.

This report includes the Federal Open Market Committee's (FOMC) projection for inflation and economic growth over the next 2 years. An important part of the report is the breakdown of individual FOMC members' interest rate forecasts.

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes.

A more dovish than expected statement could be taken as negative/bearish for the USD, while a more hawkish than expected statement could be taken as positive/bullish for the USD.

The Interest Rate Projection for the 3rd year is a forward-looking economic indicator that provides an estimate of where interest rates could be in three years. It is a critical tool for central banks, economists, and financial market participants to gauge the future trajectory of monetary policy and the overall economic outlook in the United States.

This economic calendar event is based on various factors, such as inflation expectations, global economic developments, and the current stance of monetary policy. By analyzing these factors, the interest rate projection aims to provide a valuable insight into the anticipated interest rate environment, which can influence investment decisions, borrowing costs, and financial market stability.

It is essential to note that these projections are subject to revision, as economic conditions change and new information becomes available. As such, market participants closely monitor the release of these forecasts to assess the potential impact on interest rates, currency valuation, and other financial instruments.

The FOMC Press Conference is a crucial event on the economic calendar for the United States. It is held by the Federal Open Market Committee (FOMC) and serves as a platform for the Chairman of the Federal Reserve to communicate their views on the current state of the economy, monetary policy, interest rates, and future expectations.

Different subjects discussed during the conference range from inflation, growth outlook, labor market conditions to global economic developments. These insights are vital for financial market participants, as they offer valuable information from the central bank, which in turn influences investment decisions and market reactions.

Analyzing the FOMC Press Conference is essential for traders and investors alike, as the information revealed during the conference can cause significant market movements and create opportunities for profit or potential risk. Keeping a close eye on the conference can provide valuable insights into the direction of monetary policy and its subsequent effects on the economy and financial markets.

The Interest Rate Decision is a highly anticipated economic event in Kuwait, where the Central Bank of Kuwait announces whether it will raise, lower, or maintain its benchmark interest rate. This crucial monetary policy decision has a significant impact on the economic outlook and the financial markets in the country.

Central banks use interest rates as a tool to manage inflation, economic growth, and employment. A higher interest rate often leads to a stronger currency, as it attracts foreign investment and encourages saving, while a lower interest rate stimulates economic growth by making borrowing cheaper and encouraging consumer spending.

The Interest Rate Decision is closely monitored by investors, businesses, and policymakers, as it provides insights into the Central Bank's views on the current and future state of the economy, and guides their expectations and decisions accordingly.

The Central Bank of United Arab Emirates (CBUAE) Monetary Policy Committee's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the AED, while a lower than expected rate is negative/bearish for the AED.

The Interest Rate Decision is a significant economic calendar event for Bahrain, as it represents the Central Bank of Bahrain's (CBB) decision on the country's key policy interest rate. As Bahrain's central bank, the CBB is responsible for implementing monetary policy and maintaining the stability of the country's financial system in order to promote sustainable economic growth.

This event often attracts the attention of investors, businesses, and policymakers, as the interest rate decision can have direct and indirect effects on various sectors of the economy, including inflation, consumer spending, credit availability, and overall economic growth. Higher interest rates typically lead to a stronger currency, increased savings, and slowed economic activity, while lower interest rates can stimulate spending, boost employment, and encourage economic expansion.

By carefully monitoring the interest rate decision event, investors, businesses and policymakers can make informed decisions based on the CBB's assessment of the current and future state of the Bahraini economy. Additionally, the accompanying statement from the central bank often provides helpful insights into the rationale behind the decision and the bank's outlook on the country's economic trajectory.

The Interest Rate Decision is a key economic event where Qatar's central bank announces adjustments to the country's benchmark interest rate. This decision directly influences the cost of borrowing money and the return on savings, impacting consumer spending, investment, and overall economic activity. Changes in interest rates can also affect inflation, currency value, and financial markets. Typically undertaken to control inflation and stabilize the economy, the interest rate decision is closely monitored by investors, businesses, and policymakers, as it provides insights into the central bank's economic outlook and monetary policy stance. The decision is based on current economic conditions, including growth rates, inflation trends, and external economic factors.

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

A higher than expected reading should be taken as positive/bullish for the ARS, while a lower than expected reading should be taken as negative/bearish for the ARS.

The Central Bank of Brazil's (BCB) Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the BRL, while a lower than expected rate is negative/bearish for the BRL.

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

Total business activity comprises primary industries + goods producing industries + service industries. Includes unallocated taxes on production and imports, bank service charge and balancing items. Conceptually, both the production and expenditure-based GDP series are the same. However, as each series uses independent data and estimation techniques, some differences between the alternative measures arise. The expenditure-based series has historically shown more quarterly volatility and is more likely to be subject to timing and valuation problems. For these reasons, the production-based measure is the preferred measure for quarter-on-quarter and annual changes.

GDP measures summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Production approach - The sum of the value added created through the production of goods and services within the economy. Calculation: GDP using the production approach is derived as the sum of gross value added for each industry plus taxes less subsidies on products.

GDP measures summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Expenditure approach - Total expenditures on all finished goods and services produced within the economy. Calculation: GDP using the expenditure approach is derived as the sum of all final expenditures, changes in inventories and exports of goods and services less imports of goods and services.

Core Machinery Orders measures the change in the total value of new orders placed with machine manufacturers, excluding ships and utilities. It is a key indicator of investment and a leading indicator of manufacturing production.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

New orders measure the value of orders received in a given period of time. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.

The official reserve assets are assets denominated in foreign currency, readily available to and controlled by monetary authorities for meeting balance of payments financing needs, intervening in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). They present a very comprehensive picture on a monthly basis of stocks at market price, transactions, foreign exchange and market revaluations and other changes in volume.

Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

Full employment describes a situation in which all available labor resources are being used in the most economically efficient way. Economists usually define it as the acceptable level of unemployment above 0%. This means that the unemployment rate is frictional and results from workers who are in between jobs and are still part of the labor force.

A reading that is stronger than forecast is generally supportive (bullish) for the AUD, while a weaker than forecast reading is generally negative (bearish) for the AUD.

The participation rate is an important indicator of the supply of labour. It measures the share of the working-age population either working or looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate.

A reading that is stronger than forecast is generally supportive (bullish) for the AUD, while a weaker than forecast reading is generally negative (bearish) for the AUD.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

A higher than expected reading should be taken as negative/bearish for the AUD, while a lower than expected reading should be taken as positive/bullish for the AUD.

The consumer confidence index is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. The performance of the economy of a country is reflected in macro-economic variables, such as the gross national product, external debt, interest rates, foreign exchange rates, imports, exports, stock market prices, inflation rates, real wages, unemployment rate, and so on. The state of the economy is also reflected in the micro-behavior of the consumers. The attitudes and behaviors of individual consumers affect the performance of the economy. For example, if they believe that the economy is heading in a certain direction, then they would make their savings or spending plans according.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the IDR , while a lower than expected reading should be taken as negative/bearish for the IDR.

The definition for an unemployed person is: Persons (16-65 years) who were available for work (except for temporary illness) but did not work during the survey week, and who made specific efforts to find a job within the previous 4 weeks by going to an employment agency, by applying directly to an employer, by answering a job ad, or being on a union or professional register. Centered 3-month moving average.The unemployed labour force is greater than the registered unemployed. This is because the figure includes people who are looking for work but who are not registered at the labour exchange (Centrum voor Werk en Inkomen). One major category among them is formed by the women re-entering the labour force. A higher than expected reading should be taken as negative/bearish for the EUR , while a lower than expected reading should be taken as positive/bullish for the EUR.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.

Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the following: - trade balance exports and imports of goods and services - income payments and expenditure interest, dividends, salaries - unilateral transfers aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strenghts and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies. It is also important to investors of domestic companies that depend on exports. Positive current account balance is when inflows from its components into the country exceed outflows of the capital leaving the country. Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.

European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. As head of the ECB, which sets short term interest rates, she has a major influence over the value of the euro. Traders watch her speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. Her comments may determine a short-term positive or negative trend.

The Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected reading should be taken as positive/bullish for the TWD, while a lower than expected reading should be taken as negative/bearish for the TWD.

The Corporate Sector Wages released by the Central Statistical Office is an indicator of labor cost inflation and of the tightness of labor markets. This figure can provide insight on the Polish employment situation. A higher than expected number should be taken as positive to the PLN, while a lower than expected number as negative

The number of persons employed in national economy, employment status, selected categories of employed persons, foreigners, disabled persons, retired persons, elements of employment movement by recruitment sources and reasons for dismissals.

This is a useful indicator of the economy because it is more current compared to the GNP and reported every month. Total Industrial Production includes Mining,Manufacturing, and Energy but it excludes transportation, services, and agriculture which is included in GNP. Industrial Production is generally more volatile than GNP. Production in enterprises in which the number of employees exceeds 5 persons in real time (constant prices). A higher than expected reading should be taken as positive/bullish for the PLN , while a lower than expected reading should be taken as negative/bearish for the PLN.

The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. The PPI shows the same general pattern of inflation as does Consumer price index, but is more volatile. This is because it is weighted more heavily towards goods that are traded in highly competitive markets and somewhat less sensitive to changes in the cost of labour. In principle, the PPI should include service industries, but in practice it is limited to the domestic agricultural and industrial sector. The prices should be farm-gate prices for the agricultural sector and ex-factory prices for the industrial sector. A higher than expected reading should be taken as positive/bullish for the PLN , while a lower than expected reading should be taken as negative/bearish for the PLN.

The Norges Bank Monetary Policy Committee's decision on where to set the overnight deposit rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the NOK, while a lower than expected rate is negative/bearish for the NOK.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the EUR.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the Euro.

A higher than expected reading should be taken as positive/bullish for the Euro, while a lower than expected reading should be taken as negative/bearish for the Euro.

Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Depending on the degree of liquidity chosen to define an asset as money, various monetary aggregates are distinguished: M0, M1, M2, M3, M4, etc. Not all of them are used by every country. Note that methodology of calculating money supply varies between countries. M2 is a monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits and small certificates of deposit. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prices. M2 = Currency in circulation + demand deposits (private sector) + time and savings deposits (private sector).

The German Buba Mauderer Speaks event refers to a public speech given by a representative from the Bundesbank (Germany's Central Bank), discussing the country's economic outlook, monetary policies, and financial stability. These speeches often provide valuable insights into the Bundesbank's perspectives on the German economy and can have a direct impact on the financial markets, particularly the EUR currency.

As part of their role, Bundesbank representatives are responsible for communicating their views on interest rates, inflation, and overall economic prospects. The market closely watches these speeches as they may provide hints regarding future monetary policy decisions. Consequently, any changes in tone or statements about potential actions can lead to shifts in market sentiment and affect the value of the EUR.

Luis de Guindos, Vice-President of the European Central Bank, is set to speak. His speeches often contain indications on the future possible direction of monetary policy.

German Buba Vice President Buch Speaks is an economic event where the Vice President of the Deutsche Bundesbank, Claudia Buch, delivers speeches or remarks on the current economic situation and prospects of Germany. This event holds significance for investors and market participants, as it may provide insights into the country's economic outlook and potential policy changes by the central bank. Commentary and signals from key officials like Buch can influence market sentiment and volatility in the short-term, making this an event worth watching for those tracking the German economy and its impact on the financial markets.

M3 Money Supply measures the change in the total quantity of domestic currency in circulation and deposited in banks. An increasing supply of money leads to additional spending, which in turn leads to inflation.

The figures displayed in the calendar represent the average yield on the Obligaciones del Estado or ODE auctioned.

Spanish ODE bonds have maturities of above then five years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the ODE represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the average yield on the Bonos del Estado or BDE auctioned.

Spanish BDE bonds have maturities of between two to five years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the BDE represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the average yield on the Obligaciones del Estado or ODE auctioned.

Spanish ODE bonds have maturities of above then five years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the ODE represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

Construction output includes construction work done by enterprises with prevailing construction activity. Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market.The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figureA higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR. Anyways, the impact of Pourtugal on the EUR is small.

Isabel Schnabel, member of the Executive Board of the European Central Bank, is set to speak. Her speeches often contain indications on the future possible direction of monetary policy.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The Bundesbank Monthly Report handles economic issues, including in particular monetary policy, and financial and economic policy issues.

The number of MPC members who voted for a cut in the previous rate decision meeting. A higher than expected number of member who voted for a cut may signal a possible rate cut next meeting and therefore be bearish for the GBP

The number of MPC members who voted for a rate hike at the previous rate decision meeting. A higher than expected number of member who voted for a hike may signal a possible rate hike next meeting and therefore be bullish for the GBP

The number of MPC members who voted for unchange in the previous rate decision meeting.

Bank of England (BOE) monetary policy committee members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the GBP, while a lower than expected rate is negative/bearish for the GBP.

The Monetary Policy Meeting Minutes are a detailed record of the Bank of England's policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes.

The summary of the Monetary Policy Meeting is a detailed record of the Turkish central bank's (CBRT) policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes.

FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.