Economic Calendar from InstaForex |
|||
---|---|---|---|
Time | Country | Indices | Actual |
15:00 |
![]() |
ISM Manufacturing | |
Period: Jun Previous Reading: 56.1 Forecast: 55.0 Actual Reading: A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100. Values over 50 generally indicate an expansion, while values below 50 indicate contraction. hide |
|||
13:30 |
![]() |
Gross Domestic Product | |
Period: Apr Previous Reading: 0.7%; 3.5% Forecast: 0.3% Actual Reading: A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health. Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish. Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure. Technically, Gross Domestic Product is calculated in the following way: GDP = C + I + G + (EX - IM) where The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices. hide |
|||
02:30 |
![]() |
PMI Manufacturing | |
Period: Jun Previous Reading: 49.6 Forecast: 48.6 Actual Reading: A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole. The PMI is presented as an index with a value between 1-100. hide |
|||
14:00 |
![]() |
Federal Reserve Chairman Jerome Powell Speaks | |
Period: Previous Reading: Forecast: Actual Reading: Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. hide |
|||
15:00 |
![]() |
Consumer Confidence | 98.7 |
Period: Jun Previous Reading: 103.2 Forecast: 100.0 Actual Reading: 98.7 Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand. Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence. Survey results are printed in the headlines where 100 reflects a recent base year. hide |
|||
12:30 |
![]() |
RBA Governor Philip Lowe Speaks | |
Period: Previous Reading: Forecast: Actual Reading: RBA Governor Oct 2016 - Sep 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. hide |
|||
15:00 |
![]() |
Federal Reserve Chairman Jerome Powell Speaks | |
Period: Previous Reading: Forecast: Actual Reading: Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. hide |
|||
14:30 |
![]() |
Federal Reserve Chairman Jerome Powell Speaks | |
Period: Previous Reading: Forecast: Actual Reading: Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. hide |
|||
14:00 |
![]() |
SNB Chairman Thomas Jordan Speaks | |
Period: Previous Reading: Forecast: Actual Reading: Thomas Jordan is the Chairman of the Governing Board of the Swiss National Bank since April 2012. Traders and investors scrutinize his speeches and comments on the country’s economic situation in order to suppose further actions of the SNB. What is more, the SNB monitors bank sector, thus changes in regulation may influence the currency’s price. hide |
|||
13:30 |
![]() |
Consumer Price Index | |
Period: May Previous Reading: 0.6%; 6.8% Forecast: 1.0%; 7.5% Actual Reading: The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items. |