News

News and Events

Date

TIME

CURRENCY

IMPACT

NEWS TITLE

FORECAST

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Philly Fed Manufacturing Index

7.4

10.3

FORECAST

7.4

10.3

Source

Federal Reserve Bank of Philadelphia

Measures

Level of a diffusion index based on surveyed manufacturers in Philadelphia;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the third Thursday of the current month;

Frequencee's Notes

Above 0.0 indicates improving conditions, below indicates worsening conditions;

Why Traders care

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;

Also Called

Philadelphia Fed Business Outlook Survey;

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Unemployment Claims

220K

217K

FORECAST

220K

217K

Source

Department of Labor

Measures

The number of individuals who filed for unemployment insurance for the first time during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, usually on the first Thursday after the week ends;

Frequencee's Notes

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;

Why Traders care

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;

Also Called

Jobless Claims, Initial Claims;

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Hammack Speaks

FORECAST

Source

Federal Reserve Bank of Cleveland

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2024;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 21, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Consumer Confidence

-13

FORECAST

-13

Source

Eurostat

Measures

Level of a diffusion index based on surveyed consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around 22 days into the current month;

Frequencee's Notes

Above 0 indicates optimism, below indicates pessimism. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jan 2010, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance;

Why Traders care

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Also Called

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

CB Leading Index m/m

-0.30%

-0.50%

FORECAST

-0.30%

-0.50%

Source

The Conference Board Inc.

Measures

Change in the level of a composite index based on 10 economic indicators;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 20 days after the month ends;

Frequencee's Notes

This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Source changed series calculation formula as of Jan 2012;

Why Traders care

Also Called

Leading Indicators;

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Natural Gas Storage

34B

42B

FORECAST

34B

42B

Source

Energy Information Administration

Measures

Change in the number of cubic feet of natural gas held in underground storage during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, 5 days after the week ends;

Frequencee's Notes

Inventories are used to maintain price stability during supply shortages and periods of increasing demand;

Why Traders care

Also Called

Nat Gas Stocks, Nat Gas Inventories, Working Gas;

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Existing Home Sales

3.95M

3.84M

FORECAST

3.95M

3.84M

Source

National Association of Realtors

Measures

Annualized number of residential buildings that were sold during the previous month, excluding new construction;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 20 days after the month ends;

Frequencee's Notes

While this is monthly data, it's reported in an annualized format (monthly figure x12);

Why Traders care

It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;

Also Called

Home Resales;

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Goolsbee Speaks

FORECAST

Source

Federal Reserve Bank of Chicago

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 21, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Barr Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Jul 2022 - Jan 2032;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 20, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German PPI m/m

0.20%

-0.50%

FORECAST

0.20%

-0.50%

Source

Destatis

Measures

Change in the price of goods sold by manufacturers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 20 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of consumer inflation - when manufacturers charge more for goods the higher costs are usually passed on to the consumer;

Also Called

Producer Price Index (PPI);

Nov 20, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB Financial Stability Review

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Twice per year;

Frequencee's Notes

Why Traders care

It's an assessment of conditions in the financial system and potential risks to financial stability - the evidence on strains and imbalances can provide insight into the future of monetary policy;

Also Called

Financial Stability Report;

Nov 20, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German 30-y Bond Auction

2.49|3.6

FORECAST

2.49|3.6

Source

Bundesbank

Measures

Average yield on a 30-year bond the government sold at auction, and the bid-to-cover ratio of the auction;

Usual Effect

No consistent effect - there are both risk and growth implications;

Frequency

Variable, about 11 times per year;

Frequencee's Notes

Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released;

Why Traders care

Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;

Also Called

Bund Auction;

Nov 20, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB President Lagarde Speaks

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

ECB President Nov 2019 - Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues;

Why Traders care

As head of the ECB, which controls short term interest rates, she has more influence over the euro's value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy;

Also Called

European Central Bank (ECB);

Nov 20, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Barr Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Jul 2022 - Jan 2032;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 20, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Crude Oil Inventories

0.4M

2.1M

FORECAST

0.4M

2.1M

Source

Energy Information Administration

Measures

Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, 4 days after the week ends;

Frequencee's Notes

While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;

Why Traders care

It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility;

Also Called

Crude Stocks, Crude Levels;

Nov 20, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Cook Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member May 2022 - Jan 2038;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 20, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Bowman Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Nov 2018 - Jan 2034;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 19, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Final CPI y/y

2.00%

FORECAST

2.00%

Source

Eurostat

Measures

Change in the price of goods and services purchased by consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

The 'Previous' listed is the 'Actual' from the CPI Flash Estimate and therefore the 'History' data will appear unconnected. This is considered the Eurozone's most important inflation data because it's used as the central bank's inflation target, but it tends to have a relatively mild impact as the CPI Flash Estimate and German Prelim CPI are released about 15 days earlier;

Why Traders care

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

Also Called

Consumer Price Index (CPI);

Nov 19, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Final Core CPI y/y

2.70%

FORECAST

2.70%

Source

Eurostat

Measures

Change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

The 'Previous' listed is the 'Actual' from the Flash Core CPI Estimate and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact;

Why Traders care

Also Called

Consumer Price Index (CPI);

Nov 19, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German Buba Monthly Report

FORECAST

Source

Bundesbank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Released monthly;

Frequencee's Notes

Market impact tends to be greater when the report reveals a viewpoint that clashes with the ECB's stance;

Why Traders care

It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint;

Also Called

Deutsche Bundesbank (Buba);

Nov 19, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Current Account

27.0B

31.5B

FORECAST

27.0B

31.5B

Source

European Central Bank

Measures

Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 50 days after the month ends;

Frequencee's Notes

This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. The goods portion has no impact because it's a duplicate of the Trade Balance data released about a week earlier;

Why Traders care

It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the region;

Also Called

Nov 19, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Building Permits

1.44M

1.43M

FORECAST

1.44M

1.43M

Source

Census Bureau

Measures

Annualized number of new residential building permits issued during the previous month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the 12th business day after the month ends;

Frequencee's Notes

While this is monthly data, it's reported in an annualized format (monthly figure x12);

Why Traders care

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building;

Also Called

Residential Building Permits;

Nov 19, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Schmid Speaks

FORECAST

Source

Federal Reserve Bank of Kansas City

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 19, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Housing Starts

1.34M

1.35M

FORECAST

1.34M

1.35M

Source

Census Bureau

Measures

Annualized number of new residential buildings that began construction during the previous month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the 12th business day after the month ends;

Frequencee's Notes

While this is monthly data, it's reported in an annualized format (monthly figure x12). This data is slightly overshadowed by Building Permits because they are tightly correlated and a permit must be issued before a house can begin construction;

Why Traders care

It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;

Also Called

Nov 18, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German Buba President Nagel Speaks

FORECAST

Source

Bundesbank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Deutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council;

Why Traders care

ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Deutsche Bundesbank (Buba), European Central Bank (ECB);

Nov 18, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Trade Balance

7.9B

11.0B

FORECAST

7.9B

11.0B

Source

Eurostat

Measures

Difference in value between imported and exported goods and services during the reported month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier trade data. A positive Trade Balance indicates that more goods and services were exported than imported;

Why Traders care

Also Called

Nov 18, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Goolsbee Speaks

FORECAST

Source

Federal Reserve Bank of Chicago

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 18, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

NAHB Housing Market Index

FORECAST

Source

NAHB

Measures

Level of a diffusion index based on surveyed home builders;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

Above 50 indicates a favorable outlook on home sales, below indicates a negative outlook;

Why Traders care

Also Called

NAHB/Wells Fargo Housing Market Index;

Nov 18, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB President Lagarde Speaks

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

ECB President Nov 2019 - Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues;

Why Traders care

Also Called

European Central Bank (ECB);

Nov 18, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

TIC Long-Term Purchases

114.3B

111.4B

FORECAST

114.3B

111.4B

Source

US Department of the Treasury

Measures

Difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

This data represents the balance of domestic and foreign investment - for example, if foreigners purchased $100 billion in US stocks and bonds, and the US purchased $30 billion in foreign stocks and bonds, the net reading would be 70.0B;

Why Traders care

Demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities;

Also Called

Net Long-term Securities Transactions;

Nov 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German WPI m/m

0.10%

-0.30%

FORECAST

0.10%

-0.30%

Source

Destatis

Measures

Change in the price of goods sold by wholesalers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 12 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of consumer inflation - when wholesalers charge more for goods and services the higher costs are usually passed on to the consumer;

Also Called

Wholesale Price Index (WPI);

Nov 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

French Final CPI m/m

0.20%

FORECAST

0.20%

Source

INSEE

Measures

Change in the price of goods and services purchased by consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release, which the source first reported in Jan 2016, is the earliest and thus tends to have the most impact. This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator;

Why Traders care

Also Called

Consumer Price Index (CPI);

Nov 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Italian Trade Balance

2.55B

1.43B

FORECAST

2.55B

1.43B

Source

Istat

Measures

Difference in value between imported and exported goods during the reported month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

A positive number indicates that more goods were exported than imported. This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator;

Why Traders care

Also Called

Nov 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

EU Economic Forecasts

FORECAST

Source

European Commission

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Quarterly;

Frequencee's Notes

This report includes economic forecasts for EU member states over the next 2 years, and covers about 180 variables. Source changed release frequency from twice per year to three times per year as of Feb 2012 and from three times per year to quarterly as of Jul 2018;

Why Traders care

The forecasts serve as the European Commission's basis for evaluating economic performance and trends of EU member states in regard to potential austerity measures and other forced spending cuts;

Also Called

European Union (EU);

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Core Retail Sales m/m

0.30%

0.50%

FORECAST

0.30%

0.50%

Source

Census Bureau

Measures

Change in the total value of sales at the retail level, excluding automobiles;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;

Why Traders care

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Also Called

Retail Sales Ex Autos;

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Retail Sales m/m

0.30%

0.40%

FORECAST

0.30%

0.40%

Source

Census Bureau

Measures

Change in the total value of sales at the retail level;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

This is the earliest and broadest look at vital consumer spending data;

Why Traders care

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Also Called

Advance Retail Sales;

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Empire State Manufacturing Index

-0.3

-11.9

FORECAST

-0.3

-11.9

Source

Federal Reserve Bank of New York

Measures

Level of a diffusion index based on surveyed manufacturers in New York state;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

Above 0.0 indicates improving conditions, below indicates worsening conditions;

Why Traders care

Also Called

New York Manufacturing Index;

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Import Prices m/m

-0.10%

-0.40%

FORECAST

-0.10%

-0.40%

Source

Bureau of Labor Statistics

Measures

Change in the price of imported goods and services purchased domestically;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

This is the earliest government-released inflation data;

Why Traders care

It contributes to inflation for businesses and consumers, especially those who rely heavily on imported goods and services;

Also Called

Import Price Index;

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Collins Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2022;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Capacity Utilization Rate

77.10%

77.50%

FORECAST

77.10%

77.50%

Source

Federal Reserve

Measures

Percentage of available resources being utilized by manufacturers, mines, and utilities;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of consumer inflation - when producers are nearing full capacity they respond by raising prices, and the higher costs are usually passed on to the consumer;

Also Called

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Industrial Production m/m

-0.30%

FORECAST

-0.30%

Source

Federal Reserve

Measures

Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;

Also Called

Factory Output;

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Business Inventories m/m

0.20%

0.30%

FORECAST

0.20%

0.30%

Source

Census Bureau

Measures

Change in the total value of goods held in inventory by manufacturers, wholesalers, and retailers;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

Why Traders care

It's a signal of future business spending because companies are more likely to purchase goods once they have depleted inventories;

Also Called

Nov 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Williams Speaks

FORECAST

Source

Federal Reserve Bank of New York

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2012, 2015, 2018, 2019, 2020, 2021, 2022, 2023, and 2024. In Jun 2018 his title changed from Federal Reserve Bank of San Francisco President to Federal Reserve Bank of New York President;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 14, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Flash Employment Change q/q

0.20%

FORECAST

0.20%

Source

Eurostat

Measures

Change in the number of employed people;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released quarterly, about 45 days after the quarter ends;

Frequencee's Notes

There are 2 versions of this report released about 20 days apart – Flash and Final. Source first released the flash estimate in Nov 2018. Tends to have a muted impact because there are several earlier indicators related to Eurozone labor conditions;

Why Traders care

Also Called

Nov 14, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Flash GDP q/q

0.40%

FORECAST

0.40%

Source

Eurostat

Measures

Change in the inflation-adjusted value of all goods and services produced by the economy;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released quarterly, about 45 days after the quarter ends;

Frequencee's Notes

The 'Previous' listed is the 'Actual' from the Preliminary Flash release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released about 20 days apart Preliminary Flash, Flash, and Revised. The Preliminary Flash release is the earliest and thus tends to have the most impact.

Why Traders care

It's the broadest measure of economic activity and the primary gauge of the economy's health;

Also Called

GDP Second Estimate;

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Kugler Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Sep 2023 - Jan 2026;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 14, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB Monetary Policy Meeting Accounts

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

8 times per year, 4 weeks after the Minimum Bid Rate is announced;

Frequencee's Notes

Source first released in Feb 2015;

Why Traders care

It's a detailed record of the ECB Governing Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates;

Also Called

European Central Bank (ECB);

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Core PPI m/m

0.30%

0.20%

FORECAST

0.30%

0.20%

Source

Bureau of Labor Statistics

Measures

Change in the price of finished goods and services sold by producers, excluding food and energy;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

Source changed series calculation formula as of Feb 2014. Food and energy prices make up about 40% of overall PPI which tends to mute the importance of the Core data;

Why Traders care

Also Called

Core Finished Goods PPI, Core PPI for Final Demand;

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

PPI m/m

0.20%

0.00%

FORECAST

0.20%

0.00%

Source

Bureau of Labor Statistics

Measures

Change in the price of finished goods and services sold by producers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

Source changed series calculation formula as of Feb 2014;

Why Traders care

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer;

Also Called

Finished Goods PPI, Wholesale Prices, PPI for Final Demand;

Nov 14, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Industrial Production m/m

-1.30%

1.80%

FORECAST

-1.30%

1.80%

Source

Eurostat

Measures

Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

Tends to have a relatively mild impact because Germany and France, which account for about half of the Eurozone's economy, release earlier production data;

Why Traders care

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;

Also Called

Industrial Output;

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Unemployment Claims

224K

221K

FORECAST

224K

221K

Source

Department of Labor

Measures

The number of individuals who filed for unemployment insurance for the first time during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, usually on the first Thursday after the week ends;

Frequencee's Notes

Why Traders care

Also Called

Jobless Claims, Initial Claims;

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Barkin Speaks

FORECAST

Source

Federal Reserve Bank of Richmond

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2018, 2021, and 2024;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Natural Gas Storage

67B

69B

FORECAST

67B

69B

Source

Energy Information Administration

Measures

Change in the number of cubic feet of natural gas held in underground storage during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, 5 days after the week ends;

Frequencee's Notes

Inventories are used to maintain price stability during supply shortages and periods of increasing demand;

Why Traders care

Also Called

Nat Gas Stocks, Nat Gas Inventories, Working Gas;

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Crude Oil Inventories

0.3M

2.1M

FORECAST

0.3M

2.1M

Source

Energy Information Administration

Measures

Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, 4 days after the week ends;

Frequencee's Notes

While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;

Why Traders care

It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility;

Also Called

Crude Stocks, Crude Levels;

Nov 14, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB President Lagarde Speaks

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

ECB President Nov 2019 - Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues;

Why Traders care

Also Called

European Central Bank (ECB);

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Fed Chair Powell Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Fed Chair Feb 2018 - Feb 2026. Fed Governor May 2012 - Jan 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;

Why Traders care

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;

Also Called

Federal Reserve (Fed);

Nov 14, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Williams Speaks

FORECAST

Source

Federal Reserve Bank of New York

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German 10-y Bond Auction

2.31|2.3

FORECAST

2.31|2.3

Source

Bundesbank

Measures

Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction;

Usual Effect

No consistent effect - there are both risk and growth implications;

Frequency

Variable, about 11 times per year;

Frequencee's Notes

Why Traders care

Also Called

Bund Auction;

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Core CPI m/m

0.30%

FORECAST

0.30%

Source

Bureau of Labor Statistics

Measures

Change in the price of goods and services purchased by consumers, excluding food and energy;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The Federal Open Market Committee usually pays more attention to the Core data - so do traders;

Why Traders care

Also Called

CPI Ex Food and Energy, Underlying CPI;

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

CPI m/m

0.20%

FORECAST

0.20%

Source

Bureau of Labor Statistics

Measures

Change in the price of goods and services purchased by consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

Why Traders care

Also Called

Consumer Price Index (CPI);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

CPI y/y

2.60%

2.40%

FORECAST

2.60%

2.40%

Source

Bureau of Labor Statistics

Measures

Change in the price of goods and services purchased by consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

This is among the few non-seasonally adjusted numbers reported on the calendar;

Why Traders care

Also Called

Consumer Price Index (CPI);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Kashkari Speaks

FORECAST

Source

Federal Reserve Bank of Minneapolis

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2017, 2020, and 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Williams Speaks

FORECAST

Source

Federal Reserve Bank of New York

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Logan Speaks

FORECAST

Source

Federal Reserve Bank of Dallas

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Musalem Speaks

FORECAST

Source

Federal Reserve Bank of St. Louis

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Schmid Speaks

FORECAST

Source

Federal Reserve Bank of Kansas City

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 13, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Federal Budget Balance

-226.4B

64.3B

FORECAST

-226.4B

64.3B

Source

US Department of the Treasury

Measures

Difference in value between the federal government's income and spending during the previous month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, usually on the eighth business day after the month ends;

Frequencee's Notes

A positive number indicates a budget surplus, a negative number indicates a deficit;

Why Traders care

Also Called

Monthly Treasury Statement, Treasury Budget;

Nov 12, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German ZEW Economic Sentiment

13.2

13.1

FORECAST

13.2

13.1

Source

ZEW

Measures

Level of a diffusion index based on surveyed German institutional investors and analysts;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the second or third Tuesday of the current month;

Frequencee's Notes

Above 0.0 indicates optimism, below indicates pessimism;

Why Traders care

It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity;

Also Called

Zentrum fur Europaische Wirtschaftsforschung (ZEW);

Nov 12, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ZEW Economic Sentiment

20.5

20.1

FORECAST

20.5

20.1

Source

ZEW

Measures

Level of a diffusion index based on surveyed German institutional investors and analysts;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the second or third Tuesday of the current month;

Frequencee's Notes

Above 0.0 indicates optimism, below indicates pessimism. The ZEW survey is historically focused on the German economy, and Germany tends to lead the Eurozone economy, so this overall Eurozone outlook tends to be overshadowed by the German data released at the same time;

Why Traders care

It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity;

Also Called

Zentrum fur Europaische Wirtschaftsforschung (ZEW);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Harker Speaks

FORECAST

Source

Federal Reserve Bank of Philadelphia

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2017, 2020, and 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Cleveland Fed Inflation Expectations

3.40%

FORECAST

3.40%

Source

Federal Reserve Bank of Cleveland

Measures

Percentage that business managers expect the price of goods and services to change during the next 12 months;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released Quarterly;

Frequencee's Notes

Why Traders care

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise;

Also Called

Survey of Firms' Inflation Expectations;

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

RCM/TIPP Economic Optimism

47.3

46.9

FORECAST

47.3

46.9

Source

RealClearMarkets

Measures

Level of a diffusion index based on surveyed consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around the start of the current month;

Frequencee's Notes

Above 50.0 indicates optimism, below indicates pessimism. Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released;

Why Traders care

Also Called

RCM/TIPP Consumer Confidence;

Nov 12, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German Final CPI m/m

0.40%

FORECAST

0.40%

Source

Destatis

Measures

Change in the price of goods and services purchased by consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 11 days after the month ends;

Frequencee's Notes

Why Traders care

Also Called

Consumer Price Index (CPI);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

NFIB Small Business Index

91.9

91.5

FORECAST

91.9

91.5

Source

NFIB

Measures

Level of a composite index based on surveyed small businesses;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, on the second Tuesday after the month ends;

Frequencee's Notes

Small Businesses are defined as an independent for-profit enterprise that employ between 1 and 250 people, not including the owners;

Why Traders care

Also Called

National Federation of Independent Business (NFIB);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Barkin Speaks

FORECAST

Source

Federal Reserve Bank of Richmond

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2018, 2021, and 2024;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Waller Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Dec 2020 - Jan 2030;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Kashkari Speaks

FORECAST

Source

Federal Reserve Bank of Minneapolis

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2017, 2020, and 2023;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Loan Officer Survey

FORECAST

Source

Federal Reserve

Measures

Usual Effect

Frequency

Released quarterly;

Frequencee's Notes

Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released;

Why Traders care

It's correlated with spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers and businesses are confident in their financial position and eager to spend money;

Also Called

Nov 11, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German 30-y Bond Auction

2.44|2.7

FORECAST

2.44|2.7

Source

Bundesbank

Measures

Average yield on a 30-year bond the government sold at auction, and the bid-to-cover ratio of the auction;

Usual Effect

No consistent effect - there are both risk and growth implications;

Frequency

Variable, about 11 times per year;

Frequencee's Notes

Why Traders care

Also Called

Bund Auction;

Nov 9, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECB President Lagarde Speaks

FORECAST

Source

European Central Bank

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

ECB President Nov 2019 - Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues;

Why Traders care

Also Called

European Central Bank (ECB);

Nov 8, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

French Trade Balance

-7.0B

-7.4B

FORECAST

-7.0B

-7.4B

Source

Ministry for the Economy and Finance

Measures

Difference in value between imported and exported goods during the reported month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 35 days after the month ends;

Frequencee's Notes

A positive number indicates that more goods were exported than imported;

Why Traders care

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;

Also Called

Foreign Trade;

Nov 8, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Italian Retail Sales m/m

0.20%

-0.50%

FORECAST

0.20%

-0.50%

Source

Istat

Measures

Change in the total value of sales at the retail level;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 35 days after the month ends;

Frequencee's Notes

Why Traders care

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Also Called

Nov 8, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Italian Industrial Production m/m

-0.40%

0.10%

FORECAST

-0.40%

0.10%

Source

Istat

Measures

Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 40 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;

Also Called

Industrial Output;

Nov 8, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim UoM Inflation Expectations

2.70%

FORECAST

2.70%

Source

University of Michigan

Measures

Percentage that consumers expect the price of goods and services to change during the next 12 months;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact;

Why Traders care

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise;

Also Called

University of Michigan (UoM);

Nov 8, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim UoM Consumer Sentiment

FORECAST

Source

University of Michigan

Measures

Level of a composite index based on surveyed consumers;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact;

Why Traders care

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Also Called

University of Michigan (UoM);

Nov 8, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Musalem Speaks

FORECAST

Source

Federal Reserve Bank of St. Louis

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 8, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Bowman Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Nov 2018 - Jan 2034;

Why Traders care

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;

Also Called

Federal Open Market Committee (FOMC);

Nov 7, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German Trade Balance

20.8B

22.5B

FORECAST

20.8B

22.5B

Source

Destatis

Measures

Difference in value between imported and exported goods during the reported month;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 40 days after the month ends;

Frequencee's Notes

This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. A positive number indicates that more goods were exported than imported;

Why Traders care

Also Called

Foreign Trade;

Nov 7, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German Industrial Production m/m

-1.10%

2.90%

FORECAST

-1.10%

2.90%

Source

Destatis

Measures

Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 40 days after the month ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;

Also Called

Industrial Output;

Nov 7, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

French Prelim Private Payrolls q/q

0.00%

0.10%

FORECAST

0.00%

0.10%

Source

INSEE

Measures

Change in the number of employed people, excluding the farming industry and government;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released quarterly, about 45 days after the quarter ends;

Frequencee's Notes

There are 2 versions of this indicator released about a month apart - Preliminary and Final. Both tend to have a muted impact because there are several earlier indicators related to Eurozone labor conditions;

Why Traders care

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Also Called

Non-Farm Employment, Provisional Employment;

Nov 7, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Retail Sales m/m

0.40%

0.20%

FORECAST

0.40%

0.20%

Source

Eurostat

Measures

Change in the total value of inflation-adjusted sales at the retail level;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released monthly, about 35 days after the month ends;

Frequencee's Notes

Tends to have a relatively muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier consumer spending data;

Why Traders care

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;

Also Called

Nov 7, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

French 10-y Bond Auction

2.92|2.1

FORECAST

2.92|2.1

Source

French Treasury Agency

Measures

Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction;

Usual Effect

No consistent effect - there are both risk and growth implications;

Frequency

Variable, about 11 times per year;

Frequencee's Notes

Why Traders care

Also Called

OATs Auction;

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim Nonfarm Productivity q/q

2.60%

FORECAST

2.60%

Source

Bureau of Labor Statistics

Measures

Annualized change in labor efficiency when producing goods and services, excluding the farming industry;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released quarterly, about 35 days after the quarter ends;

Frequencee's Notes

While this is q/q data, it's reported in an annualized format (quarterly change x4). Due to the double revision schedule the 'History' data will appear unconnected. There are 2 versions of this report released a month apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;

Why Traders care

Productivity and labor-related inflation are directly linked - a drop in a worker's productivity is equivalent to a rise in their wage. When businesses pay more for labor the higher costs are usually passed on to the consumer;

Also Called

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Unemployment Claims

223K

216K

FORECAST

223K

216K

Source

Department of Labor

Measures

The number of individuals who filed for unemployment insurance for the first time during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, usually on the first Thursday after the week ends;

Frequencee's Notes

Why Traders care

Also Called

Jobless Claims, Initial Claims;

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim Unit Labor Costs q/q

1.10%

FORECAST

1.10%

Source

Bureau of Labor Statistics

Measures

Annualized change in the price businesses pay for labor, excluding the farming industry;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Released quarterly, about 35 days after the quarter ends;

Frequencee's Notes

Why Traders care

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;

Also Called

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Final Wholesale Inventories m/m

-0.10%

FORECAST

-0.10%

Source

Census Bureau

Measures

Change in the total value of goods held in inventory by wholesalers;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released monthly, about 40 days after the month ends;

Frequencee's Notes

The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this indicator released about a week apart - Preliminary and Final. The Preliminary release, which the source first reported in Aug 2016, is the earliest and thus tends to have the most impact;

Why Traders care

It's a signal of future business spending because companies are more likely to purchase goods once they have depleted inventories;

Also Called

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Mortgage Delinquencies

3.97%

FORECAST

3.97%

Source

MBA

Measures

Percentage of MBA-represented mortgages which were at least one payment late during the previous quarter;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released quarterly, about 45 days after the quarter ends;

Frequencee's Notes

MBA represents about 80% of all outstanding mortgages. Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released;

Why Traders care

Although it's generally viewed as a lagging indicator, the number of delinquencies can be an important signal of the housing market's health because it's correlated with home inventories. Lower inventories will spur homebuilders to start new construction;

Also Called

Mortgage Bankers Association (MBA);

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Natural Gas Storage

67B

78B

FORECAST

67B

78B

Source

Energy Information Administration

Measures

Change in the number of cubic feet of natural gas held in underground storage during the past week;

Usual Effect

Actual' less than 'Forecast' is good for currency;

Frequency

Released weekly, 5 days after the week ends;

Frequencee's Notes

Inventories are used to maintain price stability during supply shortages and periods of increasing demand;

Why Traders care

Also Called

Nat Gas Stocks, Nat Gas Inventories, Working Gas;

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Federal Funds Rate

4.75%

5.00%

FORECAST

4.75%

5.00%

Source

Federal Reserve

Measures

Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;

Usual Effect

Actual' greater than 'Forecast' is good for currency;

Frequency

Scheduled 8 times per year;

Frequencee's Notes

The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;

Why Traders care

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;

Also Called

Interest Rates, Fed Funds Rate;

Nov 7, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Statement

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Scheduled 8 times per year;

Frequencee's Notes

The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on;

Why Traders care

It's the primary tool the FOMC 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;

Also Called

Interest Rate Statement, Fed Statement, Monetary Policy Statement;

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