Economic Calendar from InstaForex |
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Time | Country | Indices | Actual |
11:30 | Key bank rate | ||
Period: Apr Previous Reading: 16.00% Forecast: 16.00% Actual Reading: The Bank Rossii decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the RUB, while a lower than expected rate is negative/bearish for the RUB. hide |
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07:30 | Bank of Japan Press Conference | ||
Period: Previous Reading: Forecast: Actual Reading: Press conference of the BoJ. hide |
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13:30 | GDP | 1.6% | |
Period: 1 quarter Previous Reading: 3.4% Forecast: 2.5% Actual Reading: 1.6% The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy. GDP Influence On Markets Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening. Gross Domestic Product is calculated in the following way The figure is commonly reported in headlines as an annualized percentage, based on quarterly data. On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most. hide |
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02:30 | Consumer Price Index | 1.0%; 3.6% | |
Period: 1 quarter Previous Reading: 0.6%; 4.1% Forecast: 0.8%; 3.4% Actual Reading: 1.0%; 3.6% The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items. Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year. hide |
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02:30 | Consumer Price Index | 3.5% | |
Period: Mar Previous Reading: 3.4% Forecast: 3.4% Actual Reading: 3.5% The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items. Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year. hide |
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00:30 | National CPI | 2.7% | |
Period: Mar Previous Reading: 2.8% Forecast: 2.7% Actual Reading: 2.7% National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items. Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis. As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen. hide |
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02:30 | Employment Change | -6.6K | |
Period: Mar Previous Reading: 117.6K Forecast: 7.2K Actual Reading: -6.6K Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases. The headline figure is the annualized percentage change in employed workers. hide |
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02:30 | Unemployment Rate | 3.8% | |
Period: Mar Previous Reading: 3.7% Forecast: 3.9% Actual Reading: 3.8% The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks. Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems. hide |
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07:00 | Consumer Price Index | 0.6%; 3.2% | |
Period: Mar Previous Reading: 0.6%; 3.4% Forecast: ; 3.1% Actual Reading: 0.6%; 3.2% 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 and inflation. 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. hide |
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23:45 | Consumer Price Index | 0.6%; 4.0% | |
Period: 1 quarter Previous Reading: 0.5%; 4.7% Forecast: 0.6% Actual Reading: 0.6%; 4.0% The headline inflation gauge for New Zealand. hide |