Date
GMT+00:00
Event
Jan, 27 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Jan, 27 11:00
Importance: Low
Previous: 8
Forecast: 4
Actual: -
Period: Jan

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

Jan, 27 13:30
★★★
GDP
GDP
Country:
Date: Jan, 27 13:30
Importance: High
Previous: 2.3%
Forecast: 5.3%
Actual: -
Period: 4 quarter

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
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

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
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

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.

Jan, 27 13:30
★★
GDP Price Index
GDP Price Index
Country:
Date: Jan, 27 13:30
Importance: Medium
Previous: 6.0%
Forecast: 6.0%
Actual: -
Period: 4 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

Jan, 27 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Jan, 27 13:30
Importance: Medium
Previous: 2.5% m/m; 0.8% m/m
Forecast: -0.5%; 0.4%
Actual: -
Period: Dec

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

Jan, 27 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jan, 27 13:30
Importance: Medium
Previous: 286K
Forecast: 260K
Actual: -
Period: Jan

The indicator shows the number of unemployed people in the USA.

Jan, 27 13:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Jan, 27 13:30
Importance: Medium
Previous: 1635K
Forecast: 1680K
Actual: -
Period: Jan

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

Jan, 27 15:00
★★
Pending Home Sales
Pending Home Sales
Country:
Date: Jan, 27 15:00
Importance: Medium
Previous: -2.2% m/m; -2.7% y/y
Forecast: -0.3%; -3.0%
Actual: -
Period: Dec

Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable income is low, or consumer confidence is low. Conversely, a rebound in the housing market is often a leading indicator of an economic recovery.

The report headline is expressed in percentage change in pending home sales from previous month.

Jan, 27 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Jan, 27 15:30
Importance: Low
Previous: -206
Forecast: -
Actual: -
Period: Jan

Weekly report about natural gas storage change in the USA.

Jan, 27 23:30
National CPI
National CPI
Country:
Date: Jan, 27 23:30
Importance: Low
Previous: 0.8%
Forecast: 0.6%
Actual: -
Period: Jan

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.

Jan, 27 23:30
National CPI ex Fresh Food
National CPI ex Fresh Food
Country:
Date: Jan, 27 23:30
Importance: Low
Previous: 0.5%
Forecast: 0.3%
Actual: -
Period: Jan

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.

Jan, 27 23:30
Tokyo CPI ex Fresh Food & Energy
Tokyo CPI ex Fresh Food & Energy
Country:
Date: Jan, 27 23:30
Importance: Low
Previous: -0.3%
Forecast: -0.3%
Actual: -
Period: Jan

An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.

Jan, 27 23:50
Retail Sales
Retail Sales
Country:
Date: Jan, 27 23:50
Importance: Low
Previous: 1.2% m/m; 1.9% y/y
Forecast: -
Actual: -
Period: Dec

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

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