Everything about Forex

Wirtschaftskalender
Der Wirtschaftskalender ist präsentiert in Zusammenarbeit mit Dukascopy

Datum (GMT+1) Land Ereignis Für Einheit Wicht. Tage. Vorsch. Vorher.
Sep 03 – 01:00 EU  EU EU Economic and Monetary Affairs Commisioner Rehn gives speech in Helsinki
Sep 03 – 01:45 GB  GB BoE Deputy Governor Tucker speaks at the Korea-FSB Financial Reform Conference
Sep 03 – 08:00 NO  NO NAV Unemployment (nsa) Aug % rate 2.9 3 3
Sep 03 – 08:00 NO  NO Norges Bank Deputy Governor Qvigstad to take part in a discussion on “Money, Macro and Finance” in Cyprus
Sep 03 – 09:00 GB  GB Halifax House Prices (3rd-10th) Aug %m/m -0.1 0.6
Sep 03 – 09:00 GB  GB Halifax House Prices (3rd-10th) Aug % 3mth y/y 4.5 4.9
Sep 03 – 09:00 EU  EU ECB Council Member Nowotny participates in a panel discussion at the European Forum Alpbach
Sep 03 – 10:00 IS  IS GDP Q2 % q/q -3.1 0.6
Sep 03 – 10:00 IS  IS GDP Q2 % y/y -8.6 -6.9
Sep 03 – 13:30 US  US Hourly EarningsAn indicator of how the average level of pay is changing. The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee’s additional potential to spend. The figure is either measured in hourly or weekly averages or as a percent change from the previous month. Aug % m/m 0.3 0.1 0.2
Sep 03 – 13:30 US  US Non-farm PayrollsMonthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely. Aug k -54 -100 -54
Sep 03 – 13:30 US  US Unemployment RateThe percentage of people registered as unemployed in the United States. The figure is calculated by dividing the number of unemployed individuals in the labor force by the total labor force. Where the headline figure Change in Non-Farm Payrolls generally moves the market upon release, the Unemployment Rate serves as the most popular snap-shot figure for current labor conditions in the US.

The unemployment figure can give insight into the economy’s production, consumption, earnings, and consumer sentiment. A lower unemployment rate equates to increased expenditure, as more people have jobs and wages to spend. Increased expenditure encourages economic growth, which can spark inflation pressures. Conversely, high levels of unemployment signal economic instability and weakened demand.

Persons are considered unemployed if they are able and willing to work but without a job and have actively sought employment within the last four weeks. The labor force includes all employed and unemployed individuals 16 years and older. 		Aug % 9.6 9.6 9.5
Sep 03 – 15:00 US  US ISM Non-ManISM Non-Manufacturing gauge of business conditions in non-manufacturing industries, based on measures of employment trends, prices and new orders. Though non-manufacturing sectors make up the majority of the economy, the ISM Non-Manufacturing has less market impact because non-manufacturing data tends to be more cyclical and predictable. However, these sectors do account for a considerable portion of CPI. As a result, the figure gives insight into conditions which can impact output growth and inflationary pressures.

The ISM Non-Manufacturing Index is based on a sample survey of purchasing and supply executives, weighted according to industry contribution to GDP. The Index is calculated using 50% as the centerline between positive and negative expectations; the figure is reported in headlines as the percent change.

Note: There are 10 separate indexes reported, but Business Activity is considered the most important. The other nine indexes are: New Orders, Supplier Deliveries, Employment, Inventories, Prices, Backlog of Orders, New Export Orders, Imports, and Inventory Sentiment.		 Aug index 53.2 54.3
Sep 03 – 15:00 US  US Federal Reserve Bank of Atlanta President Lockhart speaks in Tennessee on the economy
Sep 04 – 00:30 AU  AU AIG Performance of ManufacturingLevel of a diffusion index based on surveyed manufacturers. The survey of about 200 manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. Aug index 54.4
Sep 04 – 00:30 AU  AU AIG Performance of ServicesTracks monthly developments in the Australian services sector, condensing data into an overall boom or bust index. The composite index is based on the surveys for sales, new orders, employment, inventories and deliveries, compiled by American International Group. The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia’s service sector that accounts for a majority of Aussie GDP. The headline number uses a 50 baseline, where above 50 signifies growth, while a number below 50 shows a contraction in the services sector. Aug index 46.6
Sep 04 – 01:00 EU  EU ECB President Trichet attends a forum on “Intellegence in the World, Europe and Italy”
Sep 06 – 00:30 AU  AU AIG Performance of Construction Aug index 43.3
Sep 06 – 01:00 JP  JP BoJ MPC meeting (6th-7th)
Sep 06 – 01:00 US  US Market Holiday- Labor Day
Sep 06 – 01:00 EU  EU EU President Van Rompuy meets with Finance Ministers to discuss reforms to Euro-region Management
Sep 06 – 01:00 CA  CA Market Holiday- Labour Day
Sep 06 – 01:00 NO  NO Norges Bank Governor Gjedrem gives a speech
Sep 06 – 01:30 AU  AU TD-MI Inflation GaugeA monthly estimate of inflation in the Australian economy. The report replicates the methodology used by the Australian Bureau of Statistics to calculate quarterly CPI, striving to correspond closely with official government numbers. The figure is important because it acts as a timelier indicator of inflation, coming out monthly instead of the quarterly CPI figures. Released one day before interest rate decisions are made, the figure may influence RBA considerations for rate hikes or reductions.

As with any gauge of inflation in Australia , a high value in the figure is bullish for the Australian dollar, since real inflationary pressures are usually met by the Reserve Bank of Australia with bullish rate hikes. The headline figure is the month-over-month or annualized inflation rate.		 Aug % m/m 0.1
Sep 06 – 10:00 EU  EU Trade balance (nsa)The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany ’s Balance of Payment. As Germany is Europe’s largest economy and given Germany’s export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Euro-zone do impact the overall Euro-zone trade balance. Given Germany’s large share of Euro-zone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

This is the the non-seasonally adjusted (nsa) data. 		Jul EUR bn 2.4 2.4
Sep 06 – 10:00 EU  EU Trade balance (sa)The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany’s Balance of Payment. As Germany is Europe’s largest economy and given Germany’s export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Euro-zone do impact the overall Euro-zone trade balance. Given Germany’s large share of Euro-zone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

This is the seasonally adjusted (sa) data, not to be confused with the non-seasonally adjusted (nsa) number.		 Jul EUR bn -1.6
Sep 06 – 10:00 EU  EU ECB Executive Board Member Stark participates in a conference on the stability of the Euro (6th-7th Sept)
Sep 07 – 00:01 GB  GB BRC Retail Sales Monitor Aug % y/y 2.6
Sep 07 – 01:00 JP  JP BoJ MPC interest rate decision (Followed by press conference with BoJ Governor Shirakawa)
Sep 07 – 01:00 EU  EU EU FinMins hold meeting
Sep 07 – 05:30 AU  AU RBA Interest Rate announcement
Sep 07 – 05:30 AU  AU RBA Board Meeting outcome announced
Sep 07 – 06:00 JP  JP Leading indicator (Prelim) Jul index 98.2 99
Sep 07 – 06:45 CH  CH Unemployment Rate (sa) Aug % 3.8
Sep 07 – 06:45 CH  CH Unemployment Rate Aug % 3.6 3.6
Sep 07 – 07:00 EU  EU ECB Executive Board Member Smaghi speaks on “From Crisis to Opportunities” in Beijing
Sep 07 – 07:30 NO  NO Consumer Confidence Q3 index 15.8
Sep 07 – 08:00 EU  EU EU President Barroso speaks on policy priorities to the European Parliament
Sep 07 – 08:30 SE  SE Budget Balance Aug SEK bn 12.5
Sep 07 – 20:00 US  US Consumer Credit Jul $ bn -5.4 -1.34
Sep 08 – 00:01 GB  GB BRC Shop price indexA monthly indicator of price changes at the most popular retail outlets in the United Kingdom. The index takes into account five hundred of the most commonly purchased goods and gives insight into consumer-price inflation. Shop Prices differentiate themselves from British CPI by coming out days before the headline inflation figure. Increases in the BRC Shop Price Index are bullish for the Pound, given that the Bank of England usually raises interest rates to control inflation reflected in the BRC. Conversely, a falling BRC Shop Price Index suggests falling price pressures.

BRC appear in the headlines as the monthly percentage change for the BRC Shop Price Index.		 Aug % y/y 1.5
Sep 08 – 00:01 GB  GB KPMG/REC Report on Jobs (Permanent placements) Aug Index 60.2
Sep 08 – 00:50 JP  JP M2 Money Supply Aug % y/y 2.6 2.7
Sep 08 – 00:50 JP  JP Bank Lending DataThe value of all outstanding loans with Japanese banks. Bank lending is important because lending increases with increased business confidence and investment. It is particularly insightful for the Japanese economy because of the weakness that has plagued the Japanese banking sector. The headline number is for total loans and discounts and is a percentage change from the previous year. Aug % y/y -1.8
Sep 08 – 01:00 EU  EU ECB Governing Council Member Weber speaks at the Handelsblatt Jahrestagung
Sep 08 – 07:00 DE  DE Current Account (nsa)The German Current Account acts as a gauge for how Germany’s economy interacts with the rest of the world. Current account is one of the three components (Financial Account, Capital Account and Current Account) that make up a country’s Balance of Payments, the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts, deals mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a routine, non-investment basis.

The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way.pngts). A positive value (current account surplus) records that the flow of capital from these components into Germany exceeds the capital leaving the country. A negative value (current account deficit) means that there is a net capital outflow from these sources. Since the German economy is by far the largest in the EU, German Current Account has significant weight on the Euro. Persistent Current Account surpluses may lead to a natural appreciation of a currency, as trade, income and transfer payments usually reflect Euros coming into the country (just as underlying deficit act as depreciating weight).

There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released monthly about two weeks after the reporting period. In addition, many of the components that lead to the final Current Account, such as production and trade figures, are known well in advance. Lastly, since the report reflect data for a specific reporting month, any significant developments in the Current Account should plausibly have been already felt during that month and not during the release of data. But due to the significance of German Current Account in tracking foreign exchange developments, the report has a history of moving markets upon release.

The headline number is the Current Account balance and the percentage change in the Current Account from the previous month.		 Jul EUR bn 11.8 12.9
Sep 08 – 07:00 DE  DE Trade BalanceThe difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany ’s Balance of Payment. As Germany is Europe’s largest economy and given Germany’s export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Euro-zone do impact the overall Euro-zone trade balance. Given Germany’s large share of Euro-zone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.		 Jul EUR bn 13 14.1
Sep 08 – 07:30 FR  FR BoF Business Sentiment Aug Index 101 101
Sep 08 – 07:45 FR  FR Trade BalanceThe French Current Account is the sum of the trade balance on goods and services, net income payments, and net current transfers. The trade balance on goods and services is the value of exports minus the value of imports. Net income payments is the amount of income generated for French nationals from foreign assets, like stocks and bonds, minus the amount paid to foreign nationals who own French assets. Lastly, transfer payments represent unilateral payments to and from the country, such as foreign aid donations and foreign worker salaries being sent home. Current account is one of the three components (Financial Account, Capital Account and Current Account) that make up a country’s Balance of Payments.

The flow of goods and services (trade balance) usually makes up most of the Current Account. Hence, a trade surplus is likely to contribute to a Current Account surplus while a trade deficit will likely cause a Current Account deficit. Generally the French current account is a useful measure of international trade flows that directly affect the value of Euro. A French current account surplus means that more Euros are flowing into France and this puts upward pressure on the value of the Euro. On the contrary a current account deficit reflects Euros leaking out of France; this can exert downward pressure on value of the Euro.		 Jul EUR bn -4.2 -3.8
Sep 08 – 07:45 FR  FR Central Govt. Balance Jul EUR bn -61.7
Sep 08 – 08:00 ES  ES Industrial production (wda) Jul % y/y 3
Sep 08 – 08:30 SE  SE GDP (sa) (Final) Q2 % q/q 1.2 1.2
Sep 08 – 08:30 SE  SE GDP (wda) (Final) Q2 % y/y 3.7 3.7
Sep 08 – 14:00 CA  CA BoC announce key policy interest rate
Sep 08 – 14:00 BE  BE GDP (Final) Q2 % q/q 0.7
Sep 08 – 14:00 BE  BE GDP (Final) Q2 % y/y 2.2
Sep 08 – 17:00 LU  LU Prime Minister Juncker, ECB Council Member Mersch and European Investment Bank President Maystsdt speak at the Economic and Monetary Union
Sep 08 – 19:00 US  US Fed release Beige Book
Sep 08 – 19:30 US  US Federal Reserve Bank of Minneapolis President Kocherlakota gives speech on “Inside the FOMC” at a business leader’s luncheon
Sep 09 – 01:00 GB  GB BoE MPC interest rate announcement
Sep 09 – 04:00 AU  AU RBA Assistant Governor Debelle gives a speech
Sep 09 – 07:00 DE  DE CPI (Final) Aug % m/m
Sep 09 – 07:00 DE  DE CPI (Final) Aug % y/y 1 1
Sep 09 – 08:30 NL  NL CPI Aug % y/y 1.7 1.6
Sep 09 – 08:30 NL  NL CPI Aug % m/m 0.3 -0.3
Sep 09 – 08:30 NL  NL Industrial Production Jul % y/y 6.4 7
Sep 09 – 08:30 NL  NL Industrial Production Jul % m/m 0.5 -1.2
Sep 09 – 09:00 EU  EU ECB release Monthly Bulletin
Sep 09 – 13:30 US  US Initial ClaimsThe number of individuals who filed for unemployment insurance for the first time during the past week. This is the nation’s earliest economic data. The market impact fluctuates from week to week – there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes. 04-Sep k 472
Sep 09 – 13:30 US  US Trade BalanceThe US Trade Balance refers to the difference between exports of goods and services out of the US, and imports to America. The trade balance is one of the biggest components of the US’s Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar.

A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows (US Net Foreign Security Purchases, or TICs data reports on such capital flows). At a bare minimum, deficits fundamentally weigh down the value of the currency.

There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figure’s components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US.		 Jul $ bn -48.1 -49.9
Sep 09 – 13:30 CA  CA House Price IndexA component of the Consumer Price Index (CPI) that measures changes in prices for new homes. Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index.

Note: The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased (e.g. added swimming pool and better construction materials), then the price for new homes is considered to have fallen. 		Jul % m/m 0.1 0.1
Sep 09 – 13:30 CA  CA Merchandise tradeThe difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada ’s GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates.

Negative International Merchandise Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods. Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows (Canadian International Securities Transactions tracks such capital flows). At a bare minimum, surpluses will buoy the value of the currency.

There are a number of factors that work to diminish the market impact of Canadian Merchandise Trade on markets. The report is not very timely, released about three months after the reporting quarter. Developments in many of the components that comprise the figure are also usually well anticipated. Lastly, since the report reflect data for a specific reporting quarter, any significant changes in the Merchandise Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of Canada .		 Jul CA $ bn -1 -1.1
Sep 10 – 00:50 JP  JP CGPI Aug % y/y -0.1
Tags

Ahead Amp Banks Barack Obama Bern China Currencies Dollar Dow Dow Jones Earnings Economic Data Economic Recovery Economy Euro Europe European Shares Fears Federal Reserve Fourth Quarter General Motors Greece Hong Kong Investors Jobs Losses Mit Nasdaq Oil Prices Optimism Rally Recession Reuters Rose Schweizer Shares Signs Snap Stock Stock Futures Stock Index Futures Stocks Wall Street Wall Street Journal Worries

Kontakt | Anzeigen
Precio del dolar Dolar Cambio

© 2009 Forexinvestor ApS - "Everything about forex". All rights reserved.