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GDP measures the 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. Market influence of GDP: Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. As far as the stock market is concerned, higher than expected growth leads to higher profits and that's good for the stock market.
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 BHD, while a lower than expected reading should be taken as negative/bearish for the BHD.
The Chicago Purchasing Managers' Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI.
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 Michigan 1-Year Inflation Expectations is an economic indicator derived from the monthly Survey of Consumers conducted by the University of Michigan. This particular metric focuses on the respondents' expectations for the inflation rate in the United States over the next 12 months.
Participants are asked to provide their personal views on the anticipated percentage change in prices for goods and services in the coming year. The resulting figure is considered an important gauge of consumer sentiment regarding the overall health of the US economy, with higher expectations of inflation often pointing to concerns about economic growth.
As a forward-looking indicator, the Michigan 1-Year Inflation Expectations can provide valuable insights for economists, policymakers, and market participants, helping to inform decisions related to interest rates, monetary policy, and investment strategies.
The University of Michigan Inflation Expectations survey of consumers presents the median expected price changes for the next 5 years.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
The Michigan sentiment index includes two major components, a "current conditions" component and an "expectations" component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions. This number is the expectations part of the overall index. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. This is the final number.
The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.
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 Michigan sentiment index includes two major components, a "current conditions" component and an "expectations" component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions. All five questions have equal weight in determining the overall index. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. This is the final number. This is the preliminary number.
The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.
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 National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The M3 Money Supply event is an important economic indicator for Saudi Arabia that provides insights into the nation's monetary policy and overall economic health. It measures the total amount of money available within the economy, including all forms of currency, deposits, and other financial assets that can be easily converted into cash.
This event is closely monitored by investors, policymakers, and economists to understand the trends in the nation's money supply, which can directly impact inflation rates, exchange rates, and overall economic stability. An increasing M3 Money Supply may lead to higher inflation and economic growth, while a decreasing M3 Money Supply may signal an economic slowdown or contraction.
By regularly tracking the M3 Money Supply event, stakeholders and market participants can gain valuable insights into Saudi Arabia's economic outlook and make informed decisions in their investment and policy-making strategies.
Private Sector Loans is an economic calendar event in Saudi Arabia that reflects the financial activity and lending conditions between local banks and private businesses within the kingdom. This event provides valuable insights into the overall health of the Saudi Arabian economy and the level of confidence that businesses have in the financial system.
The data signifies the volume of loans provided to companies, businesses, and individuals in the Saudi private sector, which has a direct impact on consumption, investments, and growth initiatives that shape the nation's economy. By monitoring this event, investors, stakeholders, and policymakers can evaluate the health of the credit market and business activity in Saudi Arabia, which is crucial for understanding how the monetary policy and credit conditions affect market trends and the overall economic performance of the country.
The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.
While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable energy sector.
If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.
If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.
The Federal Reserve Bank of Kansas City quarterly Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The accumulated results also help trace longer term trends. The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. Survey results reveal changes in several indicators of manufacturing activity, including production and shipments, and identify changes in prices of raw materials and finished products.The survey is conducted during the first month of each quarter. 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 Federal Reserve Bank of Kansas City quarterly Survey of Manufacturers provides information on current manufacturing activity in the Tenth District. The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. Survey results reveal changes in several indicators of manufacturing activity, including production and shipments, and identify changes in prices of raw materials and finished products. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative
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.
The indicator shows the amount of capital flows that is directed to the country by foreign investors. Capital flows are essential for developing and emerging markets. They contribute to enhancing investments and financing current account deficits. A 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.
Employment is the total number of persons above a specified age, who in a short reference period (e.g. a week or a day), were in paid employment or self-employment. Paid employment includes persons who worked in the reference period or who had a job but were temporarily absent from work. Self-employment includes persons who either worked in the reference period or were temporarily absent from work. Series data show evolution of formal employment in Brazil. It is measured by the movements declared in CAGED - Cadastro Geral de Empregados e Desempregados (General Register of Employment and Unemployment) of the Ministry of Labour. There are separate series for thousands of admitted and dismissed employees per month (registered in CAGED), as well as for net, i.e. admitted less dismissed. Totals of admitted, dismissed and net are also broken down to eight main sectors of economic activity according to the IBGE.
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
The U.S. Baker Hughes Total Rig Count is an important economic event that tracks the number of active drilling rigs operating in the United States. This data is published weekly by the oilfield services company Baker Hughes and serves as a valuable tool for monitoring the health of the energy sector.
The report is a primary indicator of drilling activity in the U.S., including rigs engaged in the exploration and extraction of oil and natural gas. The rig count can provide hints about future production levels, as a higher total rig count usually indicates increased exploration and production of oil and natural gas, while lower counts often signal cutbacks.
Market participants, policymakers, and analysts closely watch the Baker Hughes Rig Count, as it can provide vital information on trends in the energy industry and have an impact on oil prices. Sudden changes in the rig count might result in price fluctuations in the energy markets, making it a crucial event for trading purposes.
Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, rediscount rates, reference rates etc. Changing them influences economic growth, inflation, exchange rates and unemployment.
Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, rediscount rates, reference rates etc. Changing them influences economic growth, inflation, exchange rates and unemployment.
The Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed's balance sheet are disclosed by the Fed in a weekly report called "Factors Affecting Reserve Balances."
Reserve Balances with Federal Reserve Banks is the amount of money that depository institutions maintain in their accounts at their regional Federal Reserve Banks.
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 KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
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 KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
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 KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
The Service Sector Output shows the volume of production of South Korean service industries. A higher output is considered inflationary, which may indicate a possible interest rates hike.
A reading that is stronger than forecast is generally supportive (bullish) for the KRW, while a weaker than forecast reading is generally negative (bearish) for the KRW.
Consumer price index only in Tokyo excluding fresh food and energy prices. The Consumer Price Index (CPI) issued by the Ministry of Internal Affairs and Communications is divided into two categories: Nationwide and Tokyo. The Tokyo figures are usually released before the national ones. A higher than expected result would be positive news for the yen, whilst a lower than expected result would be negative news for the yen.
The jobs/applications ratio measures the ratio between job applications and actual jobs. This is an indicator of the health of employment in the economy. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.
The Tokyo Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food.
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 Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer at the metropolitan area of Tokyo. 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.
Consumer price index only in Tokyo excluding fresh food and energy prices. The Consumer Price Index (CPI) issued by the Ministry of Internal Affairs and Communications is divided into two categories: Nationwide and Tokyo. The Tokyo figures are usually released before the national ones. A higher than expected result would be positive news for the yen, whilst a lower than expected result would be negative news for the yen.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact relative to employment data from other countries because the Japanese economy is more reliant on the industrial sector than personal spending.
A higher than expected reading should be taken as negative/bearish for the JPY, while a lower than expected reading should be taken as positive/bullish for the JPY.
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 JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, 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 JPY, while a lower than expected number as negative.
Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, 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 JPY, while a lower than expected number as negative.
In Japan, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
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 JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
Large Retailers' Sales measures the total value of goods sold in large department stores, chain convenience stores and supermarkets. It is a leading indicator of consumer confidence.
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.
Housing credit includes housing loans outstanding to persons by banks, permanentbuilding societies, credit unions, money market corporations and finance companies. Lending and credit to the private non-finance sector (including public trading enterprises) or, where stated, the government sector, by those financial intermediaries whose liabilities are included in broad money.
Private Sector Credit measures the change in the total value of new credit issued to consumers and businesses.
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.
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 VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The Vietnamese Foreign Direct Investment (FDI) event, measured in US dollars, represents the inflow of investment from foreign entities into the Vietnamese economy. FDI is an essential factor for the development of infrastructure, technology, and overall economic growth in Vietnam.
A higher FDI amount in the economic calendar symbolizes a positive outlook on the nation's economic prospects and business environment, indicating growing confidence from foreign investors. An increase in FDI often leads to job creation and economic expansion in Vietnam.
On the other hand, a decrease in FDI can be a sign of concern for the country's economic health, as it may be indicative of reduced foreign investor confidence and potential stagnation in the country's development. As a result, tracking changes in Vietnam's FDI is crucial for investors and policymakers to gauge the overall economic performance and investment climate of the nation.
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 VND, while a lower than expected reading should be taken as negative/bearish for the VND.
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 VND, while a lower than expected reading should be taken as negative/bearish for the VND.
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 VND, while a lower than expected reading should be taken as negative/bearish for the VND.
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 VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The figures displayed in the calendar represent the yield on the JGB auctioned.
JGB's have maturities of up to 50 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 JGB represents the return an investor will receive by holding the note 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.