Claws and Horns
News of the day. 22.07.2016
Germany
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to fall to 53.5 points in July from 54.5 points in the previous month.
The Markit Services PMI is due in Germany at 9:30 am (GMT+2).
The indicator is expected to fall to 53.2 points in July from 53.7 points in the previous month. The index evaluates the state of the services sector. The data is based on surveys of executives of German companies operating in the service sector regarding their opinion on current economic conditions in the sector. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
The Markit Manufacturing PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to fall to 52.0 points in July from 52.8 points in the previous month. The index reflects economic situation in the manufacturing sector and its prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
UK
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall to 50.0 points in July from 52.1 points in the previous month. The index evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
Canada
Data on the Consumer Price Index is due in Canada at 2:30 pm (GMT+2). The indicator is expected to fall both in annual and monthly terms, from 1.5% to 1.4% and from 0.4% to 0.1% respectively. The index represents the change in the price for the basket of goods and services. High values can lead to an increase in interest rates. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
Data on the Retail Sales is due in Canada at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.0% in May from 0.9% in the previous month. The indicator represents the change in the volume of retail sales. A growth in the indicator strengthens the CAD. A fall in the indicator weakens the CAD.
Germany
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to fall to 53.5 points in July from 54.5 points in the previous month.
The Markit Services PMI is due in Germany at 9:30 am (GMT+2).
The indicator is expected to fall to 53.2 points in July from 53.7 points in the previous month. The index evaluates the state of the services sector. The data is based on surveys of executives of German companies operating in the service sector regarding their opinion on current economic conditions in the sector. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
EU
The Markit Manufacturing PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to fall to 52.0 points in July from 52.8 points in the previous month. The index reflects economic situation in the manufacturing sector and its prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
UK
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall to 50.0 points in July from 52.1 points in the previous month. The index evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 is perceived as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
Canada
Data on the Consumer Price Index is due in Canada at 2:30 pm (GMT+2). The indicator is expected to fall both in annual and monthly terms, from 1.5% to 1.4% and from 0.4% to 0.1% respectively. The index represents the change in the price for the basket of goods and services. High values can lead to an increase in interest rates. A growth in the index strengthens the CAD. A fall in the index weakens the CAD.
Data on the Retail Sales is due in Canada at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.0% in May from 0.9% in the previous month. The indicator represents the change in the volume of retail sales. A growth in the indicator strengthens the CAD. A fall in the indicator weakens the CAD.
Claws and Horns
News of the day. 21.07.2016
Australia
Data on the National Australia’s Bank Business Confidence for the second quarter of the year is due at 3:30 am (GMT+2). The indicator is based on assessment of business climate in Australia. It is a short-term indicator of economy’s prospects. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
Japan
The All Industry Activity Index is due at 6:30 am (GMT+2). In May, the index is expected to fall from 1.3% to -1.0%. The index represents expenditures of large manufacturers in all sectors excluding the financial one. It is considered a leading indicator of productivity growth. Generally, an increase in the index strengthens the JPY, while a fall weakens the JPY.
UK
Data on Retail Sales for June is due at 10:30 am (GMT+2). According to forecasts, on a month-to-month basis the index will fall from 0.9% to -0.6% and on a year-to-year basis – from 6.0% to 4.9%. The index represents the total value of all receipts from retail shops in the country. Characterises the level of consumer expenditure and demand. Growth in retail sales is an important factor for the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The ECB Interest Rate Decision is due at 1:45 pm (GMT+2). According to forecasts, the rate will remain unchanged at 0%. A rate increase strengthens the EUR, while a decrease weakens the EUR.
USA
Data on Initial Jobless Claims is due at 2:30 pm (GMT+2). For the week, the index is expected to grow from 254 thousands to 261 thousands. The index represents the number of new unemployment claims. Published weekly on Thursdays. It allows estimating the upcoming nonfarm payrolls figure. A fall in the index strengthens the USD. A growth in the index weakens the USD.
Australia
Data on the National Australia’s Bank Business Confidence for the second quarter of the year is due at 3:30 am (GMT+2). The indicator is based on assessment of business climate in Australia. It is a short-term indicator of economy’s prospects. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
Japan
The All Industry Activity Index is due at 6:30 am (GMT+2). In May, the index is expected to fall from 1.3% to -1.0%. The index represents expenditures of large manufacturers in all sectors excluding the financial one. It is considered a leading indicator of productivity growth. Generally, an increase in the index strengthens the JPY, while a fall weakens the JPY.
UK
Data on Retail Sales for June is due at 10:30 am (GMT+2). According to forecasts, on a month-to-month basis the index will fall from 0.9% to -0.6% and on a year-to-year basis – from 6.0% to 4.9%. The index represents the total value of all receipts from retail shops in the country. Characterises the level of consumer expenditure and demand. Growth in retail sales is an important factor for the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The ECB Interest Rate Decision is due at 1:45 pm (GMT+2). According to forecasts, the rate will remain unchanged at 0%. A rate increase strengthens the EUR, while a decrease weakens the EUR.
USA
Data on Initial Jobless Claims is due at 2:30 pm (GMT+2). For the week, the index is expected to grow from 254 thousands to 261 thousands. The index represents the number of new unemployment claims. Published weekly on Thursdays. It allows estimating the upcoming nonfarm payrolls figure. A fall in the index strengthens the USD. A growth in the index weakens the USD.
Claws and Horns
News of the day. 20.07.2016
Germany
The Producer Price Index for May is due at 8:00 am (GMT+2). On a month-to-month basis, the index is expected to decline from 0.4% to 0.2% while on a year-to-year basis, to grow from -2.7% to -2.4%. The index tracks dynamics in wholesale prices on commodities’ markets. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Switzerland
The ZEW Survey – Expectations for June is due at 11:00 am (GMT+2). The indicator is released by the Centre for European Economic Research (ZEW) and represents an assessment of current economic conditions based on criteria, such as business climate, employment level etc. A high reading strengthens the CHF, while a low reading weakens the CHF.
Germany
The Producer Price Index for May is due at 8:00 am (GMT+2). On a month-to-month basis, the index is expected to decline from 0.4% to 0.2% while on a year-to-year basis, to grow from -2.7% to -2.4%. The index tracks dynamics in wholesale prices on commodities’ markets. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
Switzerland
The ZEW Survey – Expectations for June is due at 11:00 am (GMT+2). The indicator is released by the Centre for European Economic Research (ZEW) and represents an assessment of current economic conditions based on criteria, such as business climate, employment level etc. A high reading strengthens the CHF, while a low reading weakens the CHF.
Claws and Horns
News of the day. 19.07.2016
Australia
The Reserve Bank of Australia releases minutes of its monetary policy meeting at 3:30 am (GMT+2). They are released two weeks after each meeting and contain commentaries regarding the most recent decisions as well as information about the votes of each individual member of the Board.
UK
The Consumer Price Index for June is due in the UK at 10:30 am (GMT+2). On a year-on-year basis, the indicator is projected to grow to 0.4% from 0.3% in May. In monthly terms, a decline to 0.1% from 0.2% is expected. It is one of the key indicators of inflation in the country which represents the change in prices for goods and services. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
Data on the euro area July ZEW economic sentiment index is due at 11:00 am (GMT+2). The indicator is expected to fall to 12.3 points from 20.2 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of 350 leading financial experts who assess current economic conditions in Europe, US and Japan. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
Germany
Data on Germany’s July ZEW economic sentiment index is due at 11:00 am (GMT+2). The indicator is expected to fall to 9.1 points from 19.2 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of the leading financial experts who assess current economic conditions in Europe. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
Data on Germany’s July ZEW current situation index is due at 11:00 am (GMT+2). The indicator is expected to fall to 52.0 points from 54.5 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of the leading financial experts who assess current economic conditions in Europe. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
USA
Data on the Building Permits for June is due in the US, 2:30 pm (GMT+2). The indicator is expected to grow to 1.155 million from 1.138 million in the previous month. The indicator shows the number of approved permits for building of new houses. Building volumes have close connections with consumer income. Thus, a growth in the indicator suggests favourable economic conditions. A high reading strengthens the USD.
Australia
The Reserve Bank of Australia releases minutes of its monetary policy meeting at 3:30 am (GMT+2). They are released two weeks after each meeting and contain commentaries regarding the most recent decisions as well as information about the votes of each individual member of the Board.
UK
The Consumer Price Index for June is due in the UK at 10:30 am (GMT+2). On a year-on-year basis, the indicator is projected to grow to 0.4% from 0.3% in May. In monthly terms, a decline to 0.1% from 0.2% is expected. It is one of the key indicators of inflation in the country which represents the change in prices for goods and services. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
Data on the euro area July ZEW economic sentiment index is due at 11:00 am (GMT+2). The indicator is expected to fall to 12.3 points from 20.2 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of 350 leading financial experts who assess current economic conditions in Europe, US and Japan. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
Germany
Data on Germany’s July ZEW economic sentiment index is due at 11:00 am (GMT+2). The indicator is expected to fall to 9.1 points from 19.2 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of the leading financial experts who assess current economic conditions in Europe. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
Data on Germany’s July ZEW current situation index is due at 11:00 am (GMT+2). The indicator is expected to fall to 52.0 points from 54.5 points in the previous month. The index is published by the Centre for European Economic Research (ZEW) and is based on surveys of the leading financial experts who assess current economic conditions in Europe. A growth in the index represents their optimistic view on the economy and strengthens the EUR. A fall in the index weakens the EUR.
USA
Data on the Building Permits for June is due in the US, 2:30 pm (GMT+2). The indicator is expected to grow to 1.155 million from 1.138 million in the previous month. The indicator shows the number of approved permits for building of new houses. Building volumes have close connections with consumer income. Thus, a growth in the indicator suggests favourable economic conditions. A high reading strengthens the USD.
Claws and Horns
News of the day. 15.07.2016
China
Data on the Gross Domestic Product is due in China at 4:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to 6.6% in the second quarter from 6.7% in the first quarter. The indicator represents the value of all goods and services created in the country during a period. It is one of the major macroeconomic indicators. A growth in the index strengthens the CNY. A fall in the index weakens the CNY.
Data on the Industrial Production is due in China at 4:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to 5.9% in June from 6.0% in the previous month. The indicator represents the change in industrial output in China. It is one of the major indicators of the state of the national economy. A moderate growth in the index supports the CNY. A low reading pressures the CNY.
EU
Data on the Trade Balance for May is due in the EU at 11:00 am (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values indicate the balance deficit and weaken the EUR.
The Consumer Price Index is released in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 0.1% in June. It is the key indicator of inflation in the eurozone which represents the change in the value of the basket of goods and services during a period. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
UK
At 2:00 pm (GMT+2), the Governor of the Bank of England Mark Carney will give his commentaries regarding current economic conditions in the country.
USA
The Consumer Price Index for June is released in the US at 2:30 pm (GMT+2). The indicator is expected to grow both in monthly and in annual terms, from 0.2% to 0.3% and from 1.0% to 1.1% respectively.
Data on the Retail Sales is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.1% in June from 0.5% in the previous month. It is the indicator of consumer spending which represents the change in the volume of retail sales. A growth in the index is a positive factor for the economy and strengthens the USD. A fall in the index weakens the USD.
Data on the Capacity Utilization for June is due in the US at 3:15 pm (GMT+2).It is the percentage expression of the production capacity utilization in the economy of the country. The indicator also represents the level of demand and economic growth. The value of 85% is considered optimal and represents a good balance between economic growth and inflation. A value above 85% represents inflation acceleration. A growth in the index generally strengthens the USD.
Data on the Industrial Production for June is due in the US at 3:15 pm (GMT+2). The indicator represents industrial output in the US. It is one of the major indicators of the state of the national economy. A growth in the index supports the USD. A fall in the index pressures the USD.
China
Data on the Gross Domestic Product is due in China at 4:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to 6.6% in the second quarter from 6.7% in the first quarter. The indicator represents the value of all goods and services created in the country during a period. It is one of the major macroeconomic indicators. A growth in the index strengthens the CNY. A fall in the index weakens the CNY.
Data on the Industrial Production is due in China at 4:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to 5.9% in June from 6.0% in the previous month. The indicator represents the change in industrial output in China. It is one of the major indicators of the state of the national economy. A moderate growth in the index supports the CNY. A low reading pressures the CNY.
EU
Data on the Trade Balance for May is due in the EU at 11:00 am (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values indicate the balance deficit and weaken the EUR.
The Consumer Price Index is released in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 0.1% in June. It is the key indicator of inflation in the eurozone which represents the change in the value of the basket of goods and services during a period. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
UK
At 2:00 pm (GMT+2), the Governor of the Bank of England Mark Carney will give his commentaries regarding current economic conditions in the country.
USA
The Consumer Price Index for June is released in the US at 2:30 pm (GMT+2). The indicator is expected to grow both in monthly and in annual terms, from 0.2% to 0.3% and from 1.0% to 1.1% respectively.
Data on the Retail Sales is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.1% in June from 0.5% in the previous month. It is the indicator of consumer spending which represents the change in the volume of retail sales. A growth in the index is a positive factor for the economy and strengthens the USD. A fall in the index weakens the USD.
Data on the Capacity Utilization for June is due in the US at 3:15 pm (GMT+2).It is the percentage expression of the production capacity utilization in the economy of the country. The indicator also represents the level of demand and economic growth. The value of 85% is considered optimal and represents a good balance between economic growth and inflation. A value above 85% represents inflation acceleration. A growth in the index generally strengthens the USD.
Data on the Industrial Production for June is due in the US at 3:15 pm (GMT+2). The indicator represents industrial output in the US. It is one of the major indicators of the state of the national economy. A growth in the index supports the USD. A fall in the index pressures the USD.
Claws and Horns
News of the day. 14.07.2016
New Zealand
Data on the Business NZ PMI for June is due in New Zealand at 0:30 am (GMT+2). The index is based on survey responses from purchasing managers regarding their assessment of current economic conditions and economic growth prospects. A reading above 50 represents a generally optimistic assessment and strengthens the NZD. A reading below 50, on the contrary, represents a generally negative assessment and weakens the NZD.
UK
Data on the Bank of England Asset Purchase Facility is due at 1:00 pm (GMT+2). It is the amount of money the Bank of England is planning to inject in the economy via bond purchases on the open market. Also called Quantitative Easing.
At 1:00 pm (GMT+2), along with the interest rate decision, the Bank of England releases Minutes of the Monetary Policy Committee meeting which contain commentaries about this decision.
The Bank of England announces its decision on interest rates at 1:00 pm (GMT+2). The indicator is expected to be kept unchanged at 0.5%. Depending on the current economic situation, the Bank of England makes its decision on interest rates. An increase in interest rates strengthens the GBP. If interest rates remain unchanged or get cut, the GBP weakens.
USA
Data on the Initial Jobless Claims for the week ended 8 July is due in the US at 2:30 pm (GMT+2). The indicator is expected to be up to 265,000 from 254,000.
New Zealand
Data on the Business NZ PMI for June is due in New Zealand at 0:30 am (GMT+2). The index is based on survey responses from purchasing managers regarding their assessment of current economic conditions and economic growth prospects. A reading above 50 represents a generally optimistic assessment and strengthens the NZD. A reading below 50, on the contrary, represents a generally negative assessment and weakens the NZD.
UK
Data on the Bank of England Asset Purchase Facility is due at 1:00 pm (GMT+2). It is the amount of money the Bank of England is planning to inject in the economy via bond purchases on the open market. Also called Quantitative Easing.
At 1:00 pm (GMT+2), along with the interest rate decision, the Bank of England releases Minutes of the Monetary Policy Committee meeting which contain commentaries about this decision.
The Bank of England announces its decision on interest rates at 1:00 pm (GMT+2). The indicator is expected to be kept unchanged at 0.5%. Depending on the current economic situation, the Bank of England makes its decision on interest rates. An increase in interest rates strengthens the GBP. If interest rates remain unchanged or get cut, the GBP weakens.
USA
Data on the Initial Jobless Claims for the week ended 8 July is due in the US at 2:30 pm (GMT+2). The indicator is expected to be up to 265,000 from 254,000.
Claws and Horns
News of the day. 13.07.2016
Japan
Data on the Industrial Production is due in Japan at 6:30 am (GMT+2). The indicator represents changes in industrial output in Japan. It is one of the major indicators of the state of the national economy. A growth in the indicator strengthens the JPY. A fall in the indicator weakens the JPY.
China
Data on China’s Trade Balance is due 9:00 am (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values indicate the balance is in surplus, i.e. exports exceed imports. Negative values indicate the balance is in deficit, i.e. imports exceed exports. A growth in exports has a positive impact on the economy. A high reading strengthens the CNY. A low reading weakens the CNY.
EU
Data on the Industrial Production for May is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall both in monthly and annual terms, to -0.7% from 1.1% and to 1.4% from 2.0% respectively.
USA
Data on the Export Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.3% in June from 1.1% earlier. The index represents the price change for goods and services exported from the US. The US share in the world trade is about 20%. The index has a high impact on the market. A permanent growth in the indicator might pressure the USD as high prices reduce demand.
Data on the Import Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.5% in June from 1.4% earlier. The index represents the price change for goods and services imported in the US. It is one of the indicators of inflation. A high reading strengthens the USD. A low reading weakens the USD.
The Monthly Budget Statement is released in the US at 8:00 pm (GMT+2). The indicator represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When the opposite happens, the budget is said to be in surplus. A growth in the indicator strengthens the USD. A fall in the indicator weakens the USD.
The Federal Reserve releases its Beige Book at 8:00 pm (GMT+2). The report is prepared by the 12 Federal Reserve Banks and evaluates current economic conditions in the US. Optimistic commentaries strengthen the USD. Pessimistic commentaries weaken the USD.
Canada
The Bank of Canada announces its decision on interest rates at 4:00 pm (GMT+2). The Regulator is expected to keep interest rates unchanged at 0.5%. The indicator influences interest rates of commercial banks and the CAD exchange rate. An interest rate increase strengthens the CAD. If interest rates remain unchanged or get cut, the CAD comes under pressure.
Japan
Data on the Industrial Production is due in Japan at 6:30 am (GMT+2). The indicator represents changes in industrial output in Japan. It is one of the major indicators of the state of the national economy. A growth in the indicator strengthens the JPY. A fall in the indicator weakens the JPY.
China
Data on China’s Trade Balance is due 9:00 am (GMT+2). The indicator represents the difference between the value of exports and imports. Positive values indicate the balance is in surplus, i.e. exports exceed imports. Negative values indicate the balance is in deficit, i.e. imports exceed exports. A growth in exports has a positive impact on the economy. A high reading strengthens the CNY. A low reading weakens the CNY.
EU
Data on the Industrial Production for May is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall both in monthly and annual terms, to -0.7% from 1.1% and to 1.4% from 2.0% respectively.
USA
Data on the Export Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.3% in June from 1.1% earlier. The index represents the price change for goods and services exported from the US. The US share in the world trade is about 20%. The index has a high impact on the market. A permanent growth in the indicator might pressure the USD as high prices reduce demand.
Data on the Import Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to fall to 0.5% in June from 1.4% earlier. The index represents the price change for goods and services imported in the US. It is one of the indicators of inflation. A high reading strengthens the USD. A low reading weakens the USD.
The Monthly Budget Statement is released in the US at 8:00 pm (GMT+2). The indicator represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When the opposite happens, the budget is said to be in surplus. A growth in the indicator strengthens the USD. A fall in the indicator weakens the USD.
The Federal Reserve releases its Beige Book at 8:00 pm (GMT+2). The report is prepared by the 12 Federal Reserve Banks and evaluates current economic conditions in the US. Optimistic commentaries strengthen the USD. Pessimistic commentaries weaken the USD.
Canada
The Bank of Canada announces its decision on interest rates at 4:00 pm (GMT+2). The Regulator is expected to keep interest rates unchanged at 0.5%. The indicator influences interest rates of commercial banks and the CAD exchange rate. An interest rate increase strengthens the CAD. If interest rates remain unchanged or get cut, the CAD comes under pressure.
Claws and Horns
News of the day. 12.07.2016
Japan
The Tertiary Industry Index is due in Japan at 6:30 am (GMT+2). The indicator is expected to fall to -0.7% in May from 1.4% earlier. The index represents current economic conditions in the service sector. A growth in the index is perceived as a positive factor and strengthens the JPY. A low reading is perceived as a negative factor and weakens the JPY.
Germany
The Consumer Price Index for June is due in Germany at 8:00 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 0.3%. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
The Wholesale Price Index for June is due in Germany at 8:00 am (GMT+2). In monthly terms, the indicator is expected to fall to 0.3% from 0.9% earlier. The index measures sales volumes in the wholesale sector. A growth in the index represents an increase in consumption and retail sales and strengthens the EUR. A fall in the index weakens the EUR.
UK
The Inflation Report Hearings are due in the UK at 11:00 am (GMT+2). The Governor of the Bank of England and members of the Monetary Policy Committee speak in the Parliament regarding current economic conditions and future prospects for the economy.
Japan
The Tertiary Industry Index is due in Japan at 6:30 am (GMT+2). The indicator is expected to fall to -0.7% in May from 1.4% earlier. The index represents current economic conditions in the service sector. A growth in the index is perceived as a positive factor and strengthens the JPY. A low reading is perceived as a negative factor and weakens the JPY.
Germany
The Consumer Price Index for June is due in Germany at 8:00 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 0.3%. The index represents the change in prices for goods and services for households. It is the key indicator of inflation. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
The Wholesale Price Index for June is due in Germany at 8:00 am (GMT+2). In monthly terms, the indicator is expected to fall to 0.3% from 0.9% earlier. The index measures sales volumes in the wholesale sector. A growth in the index represents an increase in consumption and retail sales and strengthens the EUR. A fall in the index weakens the EUR.
UK
The Inflation Report Hearings are due in the UK at 11:00 am (GMT+2). The Governor of the Bank of England and members of the Monetary Policy Committee speak in the Parliament regarding current economic conditions and future prospects for the economy.
Claws and Horns
News of the day. 11.07.2016
New Zealand
Data on the Electronic Card Retail Sales for June is due in New Zealand at 00:45 am (GMT+2). The indicator measures purchases made with credit and debit cards. The data is considered as an indicator of the retail sector. A high reading strengthens the NZD. A low reading weakens the NZD.
Australia
Data on the Home Loans for May is due in Australia at 3:30 am (GMT+2). The indicator represents the number of recently extended home loans. It is one of the key indicators of the property market. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Data on the Investment Lending for Homes for May is due in Australia at 3:30 am (GMT+2). The indicator represents the number of long-term home construction loans. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
USA
The Labor Market Conditions Index for June is due in the US at 4:00 pm (GMT+2). The index is calculated by Fed economists. It is made up of 19 different indicators describing the labour market. The index is one of the major indicators of economic growth in the US. A high reading strengthens the USD. A low reading weakens the USD.
New Zealand
Data on the Electronic Card Retail Sales for June is due in New Zealand at 00:45 am (GMT+2). The indicator measures purchases made with credit and debit cards. The data is considered as an indicator of the retail sector. A high reading strengthens the NZD. A low reading weakens the NZD.
Australia
Data on the Home Loans for May is due in Australia at 3:30 am (GMT+2). The indicator represents the number of recently extended home loans. It is one of the key indicators of the property market. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
Data on the Investment Lending for Homes for May is due in Australia at 3:30 am (GMT+2). The indicator represents the number of long-term home construction loans. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
USA
The Labor Market Conditions Index for June is due in the US at 4:00 pm (GMT+2). The index is calculated by Fed economists. It is made up of 19 different indicators describing the labour market. The index is one of the major indicators of economic growth in the US. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 08.07.2016
Japan
Japan Economy Watchers Survey is released at 7:00 am (GMT+2). The current conditions index is based on survey responses from employees of the largest companies regarding their opinion on current economic conditions in the country. A result above 50 represents optimistic moods and strengthens the JPY. A result below 50, on the contrary, indicates pessimism and weakens the JPY.
Germany
Data on Trade Balance is due in Germany at 8:00 am (GMT+2). Germany’s trade surplus is expected to decline to €23.8 billion in May from €24.0 billion earlier. The indicator represents the difference between the value of exports and imports. Positive values indicate the balance is in surplus implying that exports exceed imports. Negative values, on the contrary, represent the balance deficit implying that imports exceed exports. A growth in exports has a positive impact on the country’s economy. A high reading strengthens the EUR. A low reading weakens the EUR.
Data on Exports and Imports is due in Germany at 8:00 am (GMT+2). Exports are expected to grow by 0.25% in May from 0.0% earlier. Imports are expected to grow by 0.4% in May from -0.2% earlier. The indicators represent the change in all export and import related operations.
Data on the Current Account is due in Germany at 8:00 am (GMT+2). The indicator represents the difference between the amount of payments flowing into the country and the amount of payments leaving the country. The current account is in surplus when payments into the country exceed payments out. Otherwise, the account is in deficit. A high reading strengthens the EUR. A low reading weakens the EUR.
US
Data on the Nonfarm Payrolls is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow by 178 thousands from 38 thousands in the previous month. It is one of the main indicators of employment in the US which represents the number of new employees in non-agricultural sectors. A high reading represents employment growth and strengthens the USD. A low reading weakens the USD.
Canada
Data on the Unemployment Rate is due in Canada at 3:30 pm (GTM+2). The indicator is expected to grow to 7.0% in June from 6.9% in the previous month. The data is published by Statistics Canada and represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the CAD. A fall in the indicator is seen as a positive signal and strengthens the CAD.
Japan
Japan Economy Watchers Survey is released at 7:00 am (GMT+2). The current conditions index is based on survey responses from employees of the largest companies regarding their opinion on current economic conditions in the country. A result above 50 represents optimistic moods and strengthens the JPY. A result below 50, on the contrary, indicates pessimism and weakens the JPY.
Germany
Data on Trade Balance is due in Germany at 8:00 am (GMT+2). Germany’s trade surplus is expected to decline to €23.8 billion in May from €24.0 billion earlier. The indicator represents the difference between the value of exports and imports. Positive values indicate the balance is in surplus implying that exports exceed imports. Negative values, on the contrary, represent the balance deficit implying that imports exceed exports. A growth in exports has a positive impact on the country’s economy. A high reading strengthens the EUR. A low reading weakens the EUR.
Data on Exports and Imports is due in Germany at 8:00 am (GMT+2). Exports are expected to grow by 0.25% in May from 0.0% earlier. Imports are expected to grow by 0.4% in May from -0.2% earlier. The indicators represent the change in all export and import related operations.
Data on the Current Account is due in Germany at 8:00 am (GMT+2). The indicator represents the difference between the amount of payments flowing into the country and the amount of payments leaving the country. The current account is in surplus when payments into the country exceed payments out. Otherwise, the account is in deficit. A high reading strengthens the EUR. A low reading weakens the EUR.
US
Data on the Nonfarm Payrolls is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow by 178 thousands from 38 thousands in the previous month. It is one of the main indicators of employment in the US which represents the number of new employees in non-agricultural sectors. A high reading represents employment growth and strengthens the USD. A low reading weakens the USD.
Canada
Data on the Unemployment Rate is due in Canada at 3:30 pm (GTM+2). The indicator is expected to grow to 7.0% in June from 6.9% in the previous month. The data is published by Statistics Canada and represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the CAD. A fall in the indicator is seen as a positive signal and strengthens the CAD.
Claws and Horns
News of the day. 07.07.2016
Australia
AiG Performance of Construction Index for June is due in Australia at 1:30 am (GMT+2). The index is constructed from survey data collected from executives of 120 construction companies regarding their assessment of such criteria as sales, production, new orders, supplier deliveries and employment in the sector. A reading above 50 is perceived as positive and strengthens the AUD. A reading below 50 is perceived as negative and weakens the AUD.
Japan
Governor of the Bank of Japan Haruhiko Kuroda is giving his speech at 2:30 am (GMT+2).
Switzerland
The Consumer Price Index is due in Switzerland at 9:15 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -0.5% in June from -0.4% earlier. The index represents changes in prices of goods and services for household consumption. It is the key indicator of inflation. A growth in the index strengthens the CHF. A fall weakens the CHF.
UK
Data on the Industrial Production for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall both in monthly and in annual terms, from 2.0% to -0.9% and from 1.6% to 0.5% respectively.
NIESR GDP Estimate for June is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research. The indicator represents the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
ECB Monetary Policy Meeting Account is released at 1:30 pm (GMT+2). Account of the monetary policy meeting contains an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on ADP Employment Change is due in the US at 2:15 pm (GMT+2). The indicator is expected to fall to 159 thousands in June from 173 thousands earlier. The index is based on data from about 500 thousands companies in the US and represents employment change in non-agricultural sectors. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow to 270 thousands from 268 thousands. The indicator is published weekly on Thursdays and represents the number of new unemployment claims. The data allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Canada
Ivey Purchasing Managers Index for June is due in Canada at 4:00 pm (GMT+2). The index, published by the Richard Ivey School of Business, assesses current business conditions in the country. Values above 50 represent business activity growth and strengthen the CAD. Values below 50 represent a contraction in business activity and weaken the CAD.
Australia
AiG Performance of Construction Index for June is due in Australia at 1:30 am (GMT+2). The index is constructed from survey data collected from executives of 120 construction companies regarding their assessment of such criteria as sales, production, new orders, supplier deliveries and employment in the sector. A reading above 50 is perceived as positive and strengthens the AUD. A reading below 50 is perceived as negative and weakens the AUD.
Japan
Governor of the Bank of Japan Haruhiko Kuroda is giving his speech at 2:30 am (GMT+2).
Switzerland
The Consumer Price Index is due in Switzerland at 9:15 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -0.5% in June from -0.4% earlier. The index represents changes in prices of goods and services for household consumption. It is the key indicator of inflation. A growth in the index strengthens the CHF. A fall weakens the CHF.
UK
Data on the Industrial Production for May is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall both in monthly and in annual terms, from 2.0% to -0.9% and from 1.6% to 0.5% respectively.
NIESR GDP Estimate for June is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research. The indicator represents the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
ECB Monetary Policy Meeting Account is released at 1:30 pm (GMT+2). Account of the monetary policy meeting contains an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on ADP Employment Change is due in the US at 2:15 pm (GMT+2). The indicator is expected to fall to 159 thousands in June from 173 thousands earlier. The index is based on data from about 500 thousands companies in the US and represents employment change in non-agricultural sectors. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow to 270 thousands from 268 thousands. The indicator is published weekly on Thursdays and represents the number of new unemployment claims. The data allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Canada
Ivey Purchasing Managers Index for June is due in Canada at 4:00 pm (GMT+2). The index, published by the Richard Ivey School of Business, assesses current business conditions in the country. Values above 50 represent business activity growth and strengthen the CAD. Values below 50 represent a contraction in business activity and weaken the CAD.
Claws and Horns
News of the day. 06.07.2016
EU
During a press conference at 9:00 am (GMT+2), ECB President Mario Draghi will give commentaries on current economic conditions in the eurozone. Positive commentaries strengthen the EUR; negative commentaries weaken the EUR.
Australia
Guy Debelle, RBA Assistant Governor, is giving his speech at 9:30 am (GMT+2). He has oversight of the Bank's operations in the domestic and global financial markets.
USA
Data on the Trade Balance is due in the US at 2:30 pm (GMT+2). US trade deficit is expected to widen to $39.3 billion in May from $37.4 billion earlier. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the USD. Negative values represent the balance deficit and weaken the USD.
The ISM Non-Manufacturing PMI is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow to 53.5 points in June from 52.9 points earlier. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 45-50 represents economic growth. A reading below 45-50 represents economy slowdown. A growth in the index strengthens the USD.
EU
During a press conference at 9:00 am (GMT+2), ECB President Mario Draghi will give commentaries on current economic conditions in the eurozone. Positive commentaries strengthen the EUR; negative commentaries weaken the EUR.
Australia
Guy Debelle, RBA Assistant Governor, is giving his speech at 9:30 am (GMT+2). He has oversight of the Bank's operations in the domestic and global financial markets.
USA
Data on the Trade Balance is due in the US at 2:30 pm (GMT+2). US trade deficit is expected to widen to $39.3 billion in May from $37.4 billion earlier. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the USD. Negative values represent the balance deficit and weaken the USD.
The ISM Non-Manufacturing PMI is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow to 53.5 points in June from 52.9 points earlier. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the sector. A reading above 45-50 represents economic growth. A reading below 45-50 represents economy slowdown. A growth in the index strengthens the USD.
Claws and Horns
News of the day. 05.07.2016
Australia
Data on the Imports and Exports for May is due in Australia at 3:30 am (GMT+2). The indicators represent the change in all import or export related operations.
Data on the Trade Balance is due in Australia at 3:30 am (GMT+2). Australia’s trade deficit is expected to be down to 1500 million in May from 1579 million in the previous month. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the AUD. Negative values indicate the balance deficit and weaken the AUD
Data on the Retail Sales is due in Australia at 3:30 am (GMT+2). In monthly terms, the indicator is expected to grow to 0.3% in May from 0.2 earlier. The indicator represents the change in the volume of sales in the retail sector and is considered. It is an indicator of consumer spending and economic growth. An increase in retail sales strengthens the AUD. A fall in retail sales weakens the AUD.
The Reserve Bank of Australia announces its decision on interest rates at 6:30 am (GMT+2). The indicator is expected to remain unchanged at 1.75%. An increase in interest rates strengthens the AUD. If interest rates remain unchanged or get cut, the AUD weakens.
EU
The Markit Services PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 52.4%. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
USA
Data on the Factory Orders is due in the US at 4:00 pm (GMT+2). In monthly terms, the indicator is expected to fall to -0.5% in May from 1.9% earlier. The index represents the change in the volume of factory orders and allows estimating the pace of growth of the industrial sector. An indicator increase strengthens the USD. A decrease weakens the USD.
Australia
Data on the Imports and Exports for May is due in Australia at 3:30 am (GMT+2). The indicators represent the change in all import or export related operations.
Data on the Trade Balance is due in Australia at 3:30 am (GMT+2). Australia’s trade deficit is expected to be down to 1500 million in May from 1579 million in the previous month. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the AUD. Negative values indicate the balance deficit and weaken the AUD
Data on the Retail Sales is due in Australia at 3:30 am (GMT+2). In monthly terms, the indicator is expected to grow to 0.3% in May from 0.2 earlier. The indicator represents the change in the volume of sales in the retail sector and is considered. It is an indicator of consumer spending and economic growth. An increase in retail sales strengthens the AUD. A fall in retail sales weakens the AUD.
The Reserve Bank of Australia announces its decision on interest rates at 6:30 am (GMT+2). The indicator is expected to remain unchanged at 1.75%. An increase in interest rates strengthens the AUD. If interest rates remain unchanged or get cut, the AUD weakens.
EU
The Markit Services PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 52.4%. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
USA
Data on the Factory Orders is due in the US at 4:00 pm (GMT+2). In monthly terms, the indicator is expected to fall to -0.5% in May from 1.9% earlier. The index represents the change in the volume of factory orders and allows estimating the pace of growth of the industrial sector. An indicator increase strengthens the USD. A decrease weakens the USD.
Claws and Horns
News of the day. 04.07.2016
Australia
Data on the TD Securities Inflation for June is due in Australia at 3:00 am (GMT+2). The indicator, released by Melbourne Institute, measures changes in inflation. A growth in inflation might result in RBA’s decision to introduce higher interest rates. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
The PMI Construction for June is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. The data is based on surveys of executives of the biggest UK-based construction companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 strengthens the GBP. A reading below 50 weakens the GBP.
Canada
The PMI Construction for June is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. The data is based on surveys of executives of the biggest UK-based construction companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 strengthens the GBP. A reading below 50 weakens the GBP.
Australia
Data on the TD Securities Inflation for June is due in Australia at 3:00 am (GMT+2). The indicator, released by Melbourne Institute, measures changes in inflation. A growth in inflation might result in RBA’s decision to introduce higher interest rates. A growth in the indicator strengthens the AUD. A fall in the indicator weakens the AUD.
UK
The PMI Construction for June is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. The data is based on surveys of executives of the biggest UK-based construction companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 strengthens the GBP. A reading below 50 weakens the GBP.
Canada
The PMI Construction for June is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. The data is based on surveys of executives of the biggest UK-based construction companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 strengthens the GBP. A reading below 50 weakens the GBP.
Claws and Horns
News of the day. 1.07.2016
Australia
The AiG Performance of Mfg Index for June is due in Australia at 1:30 am (GMT+2). The indicator is released by the Australian Industry Group (AiG). The index is constructed from survey data collected from executives of 200 manufacturing companies regarding their assessment of current business conditions in the sector. The index is based on such indicators as sales, production, new orders, supplier deliveries and employment. A reading above 50 strengthens the AUD. A reading below 50 weakens the AUD.
Japan
Data on the Overall Household Spending is due in Japan at 1:30 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -1.4% in May from -0.4% earlier. The indicator represents household spending dynamics. The data is seen as an indicator of consumer optimism. A high reading strengthens the JPY. A low reading weakens the JPY.
Data on the Unemployment Rate for May is due in Japan at 1:30 am (GMT+2). The indicator is expected to remain unchanged at 3.2%. The Unemployment Rate represents the percentage of the total labour force that is unemployed. A growth in the indicator is a negative factor for the economy and pressures the JPY. A fall in the indicator represents economic growth and strengthens the JPY.
The National Consumer Price Index for May is due in Japan at 1:30 am (GMT+2). The index is the key indicator of inflation in the country that represents changes in the value of the basket of goods and services. A high result strengthens the JPY. A low result weakens the JPY.
The Tankan Large Manufacturing Index is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to 4 points in the second quarter from 6 points earlier. The index assesses conditions in Japan’s manufacturing sector. A high reading strengthens the JPY. A low reading weakens the JPY.
The Tankan Non-Manufacturing Index is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to 19 points in the second quarter from 22 points earlier. The index is based on an assessment of business activity of more than 8000 companies and represents overall conditions in the service sector. A high reading strengthens the JPY. A low reading weakens the JPY.
China
The NBS Manufacturing PMI is due in China at 3:00 am (GMT+2). The indicator is expected to fall to 50.0 points in June from 50.1 points earlier. The index represents business conditions in the manufacturing sector of China. A reading above 50 is perceived as positive. A reading below 50 indicates negative dynamics.
The Caixin Manufacturing PMI is due in China at 3:45 am (GMT+2). The indicator is expected to fall to 49.1 points in June from 49.2 points earlier. The indicator represents current economic conditions in the sector. A reading above 50 is perceived as a positive signal for the economy. A reading below 50 is perceived as a negative signal.
Switzerland
Data on the Real Retail Sales is due in Switzerland at 9:15 am (GMT+2). The indicator represents changes in the volume of retail sales and is considered an indicator of consumer confidence. A growth in retail sales indicates a growth in consumption and has a positive impact on the economy. A fall in retail sales is considered a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
EU
The Markit Manufacturing PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 52.6 points in June. The index represents economic conditions in the manufacturing sector and its prospects. A reading above 50 strengthens the EUR. A reading below 50 weakens the EUR.
Data on the Unemployment Rate is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall to 10.1% in May from 10.2% earlier. The Unemployment Rate measures the percentage of the total labour force that is unemployed. A growth in the indicator represents a slowdown of economic growth. A high reading weakens the EUR. A low reading strengthens the EUR.
UK
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow to 50.2 points from 50.1 points earlier. Theindex evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 indicates a growth in production and strengthens the GBP. A reading below 50 suggests a slowdown in production growth and weakens the GBP.
USA
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow to 50.2 points from 50.1 points earlier. Theindex evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 indicates a growth in production and strengthens the GBP. A reading below 50 suggests a slowdown in production growth and weakens the GBP.
The ISM Manufacturing PMI is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow to 51.5 points in June from 51.3 points earlier. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the USD. Values below 50 indicate a slowdown of the economy and weaken the USD.
Australia
The AiG Performance of Mfg Index for June is due in Australia at 1:30 am (GMT+2). The indicator is released by the Australian Industry Group (AiG). The index is constructed from survey data collected from executives of 200 manufacturing companies regarding their assessment of current business conditions in the sector. The index is based on such indicators as sales, production, new orders, supplier deliveries and employment. A reading above 50 strengthens the AUD. A reading below 50 weakens the AUD.
Japan
Data on the Overall Household Spending is due in Japan at 1:30 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -1.4% in May from -0.4% earlier. The indicator represents household spending dynamics. The data is seen as an indicator of consumer optimism. A high reading strengthens the JPY. A low reading weakens the JPY.
Data on the Unemployment Rate for May is due in Japan at 1:30 am (GMT+2). The indicator is expected to remain unchanged at 3.2%. The Unemployment Rate represents the percentage of the total labour force that is unemployed. A growth in the indicator is a negative factor for the economy and pressures the JPY. A fall in the indicator represents economic growth and strengthens the JPY.
The National Consumer Price Index for May is due in Japan at 1:30 am (GMT+2). The index is the key indicator of inflation in the country that represents changes in the value of the basket of goods and services. A high result strengthens the JPY. A low result weakens the JPY.
The Tankan Large Manufacturing Index is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to 4 points in the second quarter from 6 points earlier. The index assesses conditions in Japan’s manufacturing sector. A high reading strengthens the JPY. A low reading weakens the JPY.
The Tankan Non-Manufacturing Index is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to 19 points in the second quarter from 22 points earlier. The index is based on an assessment of business activity of more than 8000 companies and represents overall conditions in the service sector. A high reading strengthens the JPY. A low reading weakens the JPY.
China
The NBS Manufacturing PMI is due in China at 3:00 am (GMT+2). The indicator is expected to fall to 50.0 points in June from 50.1 points earlier. The index represents business conditions in the manufacturing sector of China. A reading above 50 is perceived as positive. A reading below 50 indicates negative dynamics.
The Caixin Manufacturing PMI is due in China at 3:45 am (GMT+2). The indicator is expected to fall to 49.1 points in June from 49.2 points earlier. The indicator represents current economic conditions in the sector. A reading above 50 is perceived as a positive signal for the economy. A reading below 50 is perceived as a negative signal.
Switzerland
Data on the Real Retail Sales is due in Switzerland at 9:15 am (GMT+2). The indicator represents changes in the volume of retail sales and is considered an indicator of consumer confidence. A growth in retail sales indicates a growth in consumption and has a positive impact on the economy. A fall in retail sales is considered a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
EU
The Markit Manufacturing PMI is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 52.6 points in June. The index represents economic conditions in the manufacturing sector and its prospects. A reading above 50 strengthens the EUR. A reading below 50 weakens the EUR.
Data on the Unemployment Rate is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall to 10.1% in May from 10.2% earlier. The Unemployment Rate measures the percentage of the total labour force that is unemployed. A growth in the indicator represents a slowdown of economic growth. A high reading weakens the EUR. A low reading strengthens the EUR.
UK
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow to 50.2 points from 50.1 points earlier. Theindex evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 indicates a growth in production and strengthens the GBP. A reading below 50 suggests a slowdown in production growth and weakens the GBP.
USA
The Markit Manufacturing PMI is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow to 50.2 points from 50.1 points earlier. Theindex evaluates the state of the manufacturing sector. The data is based on surveys of executives of the biggest manufacturing companies. A reading above 50 indicates a growth in production and strengthens the GBP. A reading below 50 suggests a slowdown in production growth and weakens the GBP.
The ISM Manufacturing PMI is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow to 51.5 points in June from 51.3 points earlier. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the USD. Values below 50 indicate a slowdown of the economy and weaken the USD.
Claws and Horns
News of the day. 30.06.2016
New Zealand
Data on the Building Permits for May is due in New Zealand at 0:45 am (GMT+2). The indicator shows the number of new approved building permits. A growth in the indicator strengthens the NZD. A fall in the indicator weakens the NZD.
Japan
Data on the Foreign Bond Investment for June is due in Japan at 1:50 am (GMT+2). The indicator represents the volume of investments from Japan and indicates how attractive foreign securities and currencies are for Japanese investors. Positive values represent sales of securities by residents (capital inflow); negative values indicate purchases of foreign securities by residents (capital outflow).
Data on the Industrial Production is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to -0.1% in May from 0.5% in the previous month. The indicator represents changes in industrial output in Japan. It is one of the major indicators of the state of the national economy. A growth in the indicator supports the JPY. A fall in the indicator pressures the JPY.
Switzerland
The KOF Leading Indicator is released in Switzerland at 9:00 am (GMT+2). The indicator is expected to grow to 103.0 points in June from 102.9 points in the previous month. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on the Unemployment Rate for June is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.1%. The Unemployment Rate represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the EUR. A fall in the indicator strengthens the EUR.
UK
Data on the Gross Domestic Product for the first quarter is due in the UK at 10:30 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 2%. The indicator represents the total value of all goods and services created in the UK as well as the pace of a growth/decline of the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The Consumer Price Index is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to be up to 0.0% in June from -0.1% in the previous month. It is the key indicator of inflation in the eurozone which represents the change in the value of the basket of goods and services. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). Accounts of the monetary policy meeting contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The indicator represents the number of new unemployment claims. The data is published weekly on Thursdays and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Chicago Purchasing Managers' Index is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow to 50.5 points in June from 49.3 points in the previous month. The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the USD. A reading below 50 weakens the USD.
New Zealand
Data on the Building Permits for May is due in New Zealand at 0:45 am (GMT+2). The indicator shows the number of new approved building permits. A growth in the indicator strengthens the NZD. A fall in the indicator weakens the NZD.
Japan
Data on the Foreign Bond Investment for June is due in Japan at 1:50 am (GMT+2). The indicator represents the volume of investments from Japan and indicates how attractive foreign securities and currencies are for Japanese investors. Positive values represent sales of securities by residents (capital inflow); negative values indicate purchases of foreign securities by residents (capital outflow).
Data on the Industrial Production is due in Japan at 1:50 am (GMT+2). The indicator is expected to fall to -0.1% in May from 0.5% in the previous month. The indicator represents changes in industrial output in Japan. It is one of the major indicators of the state of the national economy. A growth in the indicator supports the JPY. A fall in the indicator pressures the JPY.
Switzerland
The KOF Leading Indicator is released in Switzerland at 9:00 am (GMT+2). The indicator is expected to grow to 103.0 points in June from 102.9 points in the previous month. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on the Unemployment Rate for June is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.1%. The Unemployment Rate represents the number of unemployed as a percentage of the total labour force. A growth in the indicator suggests a slowdown of the economy and weakens the EUR. A fall in the indicator strengthens the EUR.
UK
Data on the Gross Domestic Product for the first quarter is due in the UK at 10:30 am (GMT+2). On a year-over-year basis, the indicator is expected to remain unchanged at 2%. The indicator represents the total value of all goods and services created in the UK as well as the pace of a growth/decline of the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The Consumer Price Index is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to be up to 0.0% in June from -0.1% in the previous month. It is the key indicator of inflation in the eurozone which represents the change in the value of the basket of goods and services. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). Accounts of the monetary policy meeting contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on the Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). The indicator represents the number of new unemployment claims. The data is published weekly on Thursdays and allows approximating what the Nonfarm Payrolls will be. A fall in the indicator strengthens the USD. A growth in the indicator weakens the USD.
Chicago Purchasing Managers' Index is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow to 50.5 points in June from 49.3 points in the previous month. The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the USD. A reading below 50 weakens the USD.
Claws and Horns
News of the day. 29.06.2016
Japan
Data on the Retail Sales for May is due in Japan at 1:50 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -1.6% from -0.8% in the previous month. The indicator shows the change in the volume of sales at large retailers. A growth in the indicator represents a growth in consumption and has a positive impact on the economy. A fall in the indicator represents a decline in consumption and is considered as a negative factor for the economy. A high reading strengthens the JPY. A low reading weakens the JPY.
Australia
The Housing Industry Association (HIA) releases data on the New Home Sales at 3:00 am (GMT+2). The indicator represents the change in the number of new home sales. A growth in the indicator suggests economic growth and strengthens the AUD. A fall in the indicator weakens the AUD.
Switzerland
The UBS Consumption Indicator for May is due in Switzerland at 8:00 am (GMT+2). The indicator is based on 5 economic indicators of consumption: car sales, consumer confidence, retail sales, the number of domestic overnight hotel stays, credit card transactions volumes.
Germany
The marketing company Gfk releases the Consumer Confidence Survey at 8:00 am (GMT+2). The indicator is expected to remain unchanged at 9.8 points in July. The index is based on surveys of consumers regarding their level of confidence in the economy of the country. Values above 0 represent optimistic moods and strengthen the EUR. Values below 0 represent pessimistic moods and weaken the EUR.
UK
Data on the Mortgage Approvals is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall to 64 thousands in May from 66.25 thousands in the previous month. The indicator shows the number of new approved mortgages. A growth in the index supports the GBP. A fall in the index pressures the GBP.
Data on the Consumer Credit is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow by 1.400 billion pounds in May from 1.287 billion pounds in the previous month. The indicator represents the change in the volume of consumer credits. Generally, an indicator increase suggests readiness of consumers to spend money thus showing confidence in the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
Fact: a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
EU
Data on the Industrial Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow to -3.4 points in June from -3.6 points in the previous month. The indicator is based on survey responses from executives of industrial enterprises regarding their assessment of current economic conditions in the sector. A high reading represents optimistic moods and strengthens the EUR. A low reading weakens the EUR.
Data on the Services Sentiment is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall to 11.0 points in June from 11.3 points in the previous month. The indicator is based on survey responses from market participants regarding their assessment of current economic conditions in the service sector. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
Data on the Personal Income is due in the US at 2:30 pm (GMT+2). On a monthly basis, the indicator is expected to fall to 0.3% in May from 0.4% in the previous month. The indicator represents an income of individuals from different sources. A high reading strengthens the USD. A low reading weakens the USD. A growth in the indicator suggests consumer readiness to spend money in current economic conditions.
Data on the Personal Spending is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall to 0.4% in May from 1.0% in the previous month. The indicator consists of spending on services, durable goods and nondurable goods.
Data on the Pending Home Sales is due in the US at 4:00 pm (GMT+2). On a monthly basis, the indicator is expected to fall to -1.1% in May from 5.1% in the previous month. It is one of the main indicators of the property market which also represents the general state of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Japan
Data on the Retail Sales for May is due in Japan at 1:50 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -1.6% from -0.8% in the previous month. The indicator shows the change in the volume of sales at large retailers. A growth in the indicator represents a growth in consumption and has a positive impact on the economy. A fall in the indicator represents a decline in consumption and is considered as a negative factor for the economy. A high reading strengthens the JPY. A low reading weakens the JPY.
Australia
The Housing Industry Association (HIA) releases data on the New Home Sales at 3:00 am (GMT+2). The indicator represents the change in the number of new home sales. A growth in the indicator suggests economic growth and strengthens the AUD. A fall in the indicator weakens the AUD.
Switzerland
The UBS Consumption Indicator for May is due in Switzerland at 8:00 am (GMT+2). The indicator is based on 5 economic indicators of consumption: car sales, consumer confidence, retail sales, the number of domestic overnight hotel stays, credit card transactions volumes.
Germany
The marketing company Gfk releases the Consumer Confidence Survey at 8:00 am (GMT+2). The indicator is expected to remain unchanged at 9.8 points in July. The index is based on surveys of consumers regarding their level of confidence in the economy of the country. Values above 0 represent optimistic moods and strengthen the EUR. Values below 0 represent pessimistic moods and weaken the EUR.
UK
Data on the Mortgage Approvals is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall to 64 thousands in May from 66.25 thousands in the previous month. The indicator shows the number of new approved mortgages. A growth in the index supports the GBP. A fall in the index pressures the GBP.
Data on the Consumer Credit is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow by 1.400 billion pounds in May from 1.287 billion pounds in the previous month. The indicator represents the change in the volume of consumer credits. Generally, an indicator increase suggests readiness of consumers to spend money thus showing confidence in the economy. A high reading strengthens the GBP. A low reading weakens the GBP.
Fact: a too high reading could indicate credit overconsumption, when consumers take more credit than they actually need.
EU
Data on the Industrial Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow to -3.4 points in June from -3.6 points in the previous month. The indicator is based on survey responses from executives of industrial enterprises regarding their assessment of current economic conditions in the sector. A high reading represents optimistic moods and strengthens the EUR. A low reading weakens the EUR.
Data on the Services Sentiment is due in the EU at 11:00 am (GMT+2). The indicator is expected to fall to 11.0 points in June from 11.3 points in the previous month. The indicator is based on survey responses from market participants regarding their assessment of current economic conditions in the service sector. A high reading strengthens the EUR. A low reading weakens the EUR.
USA
Data on the Personal Income is due in the US at 2:30 pm (GMT+2). On a monthly basis, the indicator is expected to fall to 0.3% in May from 0.4% in the previous month. The indicator represents an income of individuals from different sources. A high reading strengthens the USD. A low reading weakens the USD. A growth in the indicator suggests consumer readiness to spend money in current economic conditions.
Data on the Personal Spending is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall to 0.4% in May from 1.0% in the previous month. The indicator consists of spending on services, durable goods and nondurable goods.
Data on the Pending Home Sales is due in the US at 4:00 pm (GMT+2). On a monthly basis, the indicator is expected to fall to -1.1% in May from 5.1% in the previous month. It is one of the main indicators of the property market which also represents the general state of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 28.06.2016
USA
The Personal Consumption Expenditures Prices for the first quarter is due in the US at 2:30 pm (GMT+2). The index represents the price change for goods and services from the consumer point of view; it is considered an indicator of a change in consumption patterns and in inflation. A reading above expectations strengthens the USD. A reading below expectations weakens the USD.
Data on the Gross Domestic Product Annualized is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.8% to 1.0% in the first quarter. The GDP Annualized represents the total value of goods and services created in the country during the year; it also indicates the pace of a growth/slowdown of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Data on the S&P/Case-Shiller Home Price Indices for April is due in the US at 3:00 pm (GMT+2). The indicator represents the property prices change in 20 of the biggest US states. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Consumer Confidence for June is due in the US at 4:00 pm (GMT+2). The indicator represents consumer confidence in current economic conditions. A high reading strengthens the USD. A reading below expectations weakens the USD.
USA
The Personal Consumption Expenditures Prices for the first quarter is due in the US at 2:30 pm (GMT+2). The index represents the price change for goods and services from the consumer point of view; it is considered an indicator of a change in consumption patterns and in inflation. A reading above expectations strengthens the USD. A reading below expectations weakens the USD.
Data on the Gross Domestic Product Annualized is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.8% to 1.0% in the first quarter. The GDP Annualized represents the total value of goods and services created in the country during the year; it also indicates the pace of a growth/slowdown of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Data on the S&P/Case-Shiller Home Price Indices for April is due in the US at 3:00 pm (GMT+2). The indicator represents the property prices change in 20 of the biggest US states. A high reading strengthens the USD. A low reading weakens the USD.
Data on the Consumer Confidence for June is due in the US at 4:00 pm (GMT+2). The indicator represents consumer confidence in current economic conditions. A high reading strengthens the USD. A reading below expectations weakens the USD.
Claws and Horns
News of the day. 27.06.2016
USA
The Markit Services PMI for June is due in the US at 3:45 pm (GMT+2). The index is based on surveys of executives of American companies operating in the services sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
The Dallas Fed Manufacturing Business Index is due at 4:30 pm. The index is based on a monthly survey of manufacturing companies in Texas and includes factors such as output volume, number of orders and prices.
USA
The Markit Services PMI for June is due in the US at 3:45 pm (GMT+2). The index is based on surveys of executives of American companies operating in the services sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD.
The Dallas Fed Manufacturing Business Index is due at 4:30 pm. The index is based on a monthly survey of manufacturing companies in Texas and includes factors such as output volume, number of orders and prices.
Claws and Horns
News of the day. 24.06.2016
Germany
Data on the Ifo Business Expectations for June is due in Germany at 10:00 am (GMT+2). The indicator is expected to decline from 101.6 to 101.2 points. The index is based on surveys of executives of more than 7000 companies regarding their opinion on current economic conditions for businesses and their forecasts for the next 6 months. The forecast can assume that things will improve, stay the same or get worse. Positive forecasts from the majority of participants are perceived as a positive signal and strengthen the EUR. Negative forecasts weaken the EUR.
The Ifo Business Climate Index for June is due in Germany at 10:00 am (GMT+2). The indicator is expected to decline from 107.7 to 107.5 points. The index is based on surveys of executives of more than 7000 companies regarding their opinion on current economic conditions for businesses. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
USA
Data on the Durable Goods Orders for May is due in the US at 2:30 pm (GMT+2). The indicator is expected to be down from 3.4% to -0.5%. The data represents the value change for durable goods (including transportations) that last for more than 3 years. A growth in the number of orders is considered positive for the economy. A fall in the number of orders represents a slowdown of the economy. A high reading strengthens the USD. A low reading weakens the USD.
Germany
Data on the Ifo Business Expectations for June is due in Germany at 10:00 am (GMT+2). The indicator is expected to decline from 101.6 to 101.2 points. The index is based on surveys of executives of more than 7000 companies regarding their opinion on current economic conditions for businesses and their forecasts for the next 6 months. The forecast can assume that things will improve, stay the same or get worse. Positive forecasts from the majority of participants are perceived as a positive signal and strengthen the EUR. Negative forecasts weaken the EUR.
The Ifo Business Climate Index for June is due in Germany at 10:00 am (GMT+2). The indicator is expected to decline from 107.7 to 107.5 points. The index is based on surveys of executives of more than 7000 companies regarding their opinion on current economic conditions for businesses. A growth in the index strengthens the EUR. A fall in the index weakens the EUR.
USA
Data on the Durable Goods Orders for May is due in the US at 2:30 pm (GMT+2). The indicator is expected to be down from 3.4% to -0.5%. The data represents the value change for durable goods (including transportations) that last for more than 3 years. A growth in the number of orders is considered positive for the economy. A fall in the number of orders represents a slowdown of the economy. A high reading strengthens the USD. A low reading weakens the USD.