Economic Calendar from www.mt5.com |
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Time | Country | Indices | Actual |
20:30 | 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 |
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02:30 | Unemployment Rate | 4.1% | |
Period: Apr Previous Reading: 3.9% Forecast: 3.9% Actual Reading: 4.1% 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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02:30 | Employment Change | 38.5K | |
Period: Apr Previous Reading: -5.9K Forecast: 25.3K Actual Reading: 38.5K 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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00:50 | Gross Domestic Product | -0.5%; -2.0% | |
Period: 1 quarter Previous Reading: 0.1%; 0.4% Forecast: -0.3%; -1.2% Actual Reading: -0.5%; -2.0% A comprehensive measure of Japan'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 Yen, while negative readings are generally bearish. Most production reports that lead to Japanese 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 |
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13:30 | Retail Sales | 0.0%; 0.2% | |
Period: Apr Previous Reading: 0.6%; 0.9% Forecast: 0.4%; 0.2% Actual Reading: 0.0%; 0.2% An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce. The report covers the previous month, and is released about two weeks after the month-end. Comparisons are made against historical data; year-over-year comparisons are the most-reported metric because they account for the seasonality of consumer-based retail. hide |
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13:30 | Consumer Price Index Core | 0.3%; 3.6% | |
Period: Apr Previous Reading: 0.4%; 3.8% Forecast: 0.3%; 3.6% Actual Reading: 0.3%; 3.6% CPI Excluding Food and Energy - United States The CPI is also reported excluding food and energy; two of its most volatile components. These components are particularly sensitive to temporary economic factors like oil prices, natural disasters and seasonal affects. Consequently, CPI excluding Food and Energy provides a more stable figure, but at the cost of overlooking two significant sectors in the economy (together food and energy comprise nearly a quarter of the goods included in the CPI). The figure is the monthly percent change in the index. hide |
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13:30 | Consumer Price Index | 0.3%; 3.4% | |
Period: Apr Previous Reading: 0.4%; 3.5% Forecast: 0.4%; 3.4% Actual Reading: 0.3%; 3.4% CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the 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 a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers. The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns. On A Technical Note: The CPI includes over 200 categories of goods and services included, divided into 8 main groups, each with a different weight: Housing, Transportation, Food, Medical Care, Education and Communication, Recreation, Apparel, and Other Goods and Services. hide |
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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 |
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17:45 | 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 |
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02:30 | CPI | 0.3% | |
Period: Apr Previous Reading: 0.1% Forecast: 0.2% Actual Reading: 0.3% Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. hide |
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13:30 | Employment Change | 90.4K | |
Period: Apr Previous Reading: -2.2K Forecast: 20.9K Actual Reading: 90.4K Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures. hide |
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13:30 | Unemployment Rate | 6.1% | |
Period: Apr Previous Reading: 6.1% Forecast: 6.2% Actual Reading: 6.1% 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 | GDP | 0.6%; 0.2% | |
Period: 1 quarter Previous Reading: -0.3%; -0.2% Forecast: 0.4%; 0.0% Actual Reading: 0.6%; 0.2% The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets. |
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07:00 | GDP | 0.4%; 0.6% | |
Period: Mar Previous Reading: 0.2%; 0.2% Forecast: 0.1%; 0.4% Actual Reading: 0.4%; 0.6% The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets. |
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12:00 | Monetary Policy Summary | ||
Period: Previous Reading: Forecast: Actual Reading: It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes. hide |
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12:00 | MPC Official Bank Rate Votes | 0-2-7 | |
Period: May Previous Reading: 0-1-8 Forecast: 0-0-9 Actual Reading: 0-2-7 This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced hide |
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12:00 | BoE Interest Rate Decision | 5.25% | |
Period: May Previous Reading: 5.25% Forecast: 5.25% Actual Reading: 5.25% The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment. The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate. hide |
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05:30 | RBA Monetary Policy Statement | ||
Period: Previous Reading: Forecast: Actual Reading: The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish). hide |
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05:30 | RBA Interest Rate Decision | 4.35% | |
Period: May Previous Reading: 4.35% Forecast: 4.35% Actual Reading: 4.35% The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting. hide |
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15:00 | ISM Services PMI | 49.4 | |
Period: Apr Previous Reading: 51.4 Forecast: 52.0 Actual Reading: 49.4 ISM index for the non-manufacturing sector, a value below 50 indicates a decrease in activity compared to the previous month, above - about growth. hide |