Claws and Horns
News of the day. 27.04.2016
Australia
The Consumer Price Index for the first quarter is due in Australia at 3:30 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from 1.7% to 1.8%. The index represents the change in the value of the basket of goods and services. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Japan
The All Industry Activity Index for February is due in Japan at 6:30 (GMT+2). On a monthly basis, a fall from -0.9% to -1.3% is expected. The index represents expenditures of large manufacturers in all sectors of the economy excluding the financial one. The data is considered as a leading indicator of productivity growth. Generally, an increase in the index strengthens the Yen, while a fall weakens the Yen.
Switzerland
The UBS Consumption Indicator is due in Switzerland at 8:00 am (GMT+2). The data is based on 5 consumer-related indicators: car sales, consumer confidence, retail sales, the number of domestic overnight hotel stays and credit card transactions volumes.
Germany
The Consumer Confidence Survey is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged at 9.4 points. The data, released by GfK, is based on survey responses of consumers regarding how confident they fell about the country’s economy. A positive reading suggests a generally optimistic assessment and strengthens the Euro. A negative reading indicates consumers are mainly pessimistic about Germany’s economy that weakens the Euro.
UK
The Gross Domestic Product for the first quarter is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline both in annual and quarterly terms, from 2.1% to 2.0% and from 0.6% to 0.4% respectively. The data measures the value of all goods and services created in the UK and represents the pace of economic growth. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
USA
Data on Pending Home Sales is due in the US at 4:00 pm (GMT+2). On a monthly basis, the indicator is expected to decline from 3.5% to 0.5% in March. It is one of the key indicators of the US property market that represents the general state of the national economy. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Federal Reserve releases its decision on interest rates at 8:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. It is an important economic indicator which has an impact on commercial banks’ interest rates and the USD exchange rate. A rate increase strengthens the US Dollar. A rate decrease weakens the US Dollar.
The Federal Reserve releases its Monetary Policy Statement at 8:30 pm (GMT+2). The publication has a significant impact on the market and can either strengthen or weaken the US Dollar.
New Zealand
The Reserve Bank of New Zealand releases its Monetary Policy Statement at 11:00 pm (GMT+2). The publication has a significant impact on the market and can either strengthen or weaken the NZ Dollar.
The Reserve Bank of New Zealand releases its decision on interest rates at 11:00 pm (GMT+2). The indicator is expected to remain unchanged at 2.25%. A rate increase strengthens the NZ Dollar. A rate decrease weakens the NZ Dollar.
Australia
The Consumer Price Index for the first quarter is due in Australia at 3:30 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from 1.7% to 1.8%. The index represents the change in the value of the basket of goods and services. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Japan
The All Industry Activity Index for February is due in Japan at 6:30 (GMT+2). On a monthly basis, a fall from -0.9% to -1.3% is expected. The index represents expenditures of large manufacturers in all sectors of the economy excluding the financial one. The data is considered as a leading indicator of productivity growth. Generally, an increase in the index strengthens the Yen, while a fall weakens the Yen.
Switzerland
The UBS Consumption Indicator is due in Switzerland at 8:00 am (GMT+2). The data is based on 5 consumer-related indicators: car sales, consumer confidence, retail sales, the number of domestic overnight hotel stays and credit card transactions volumes.
Germany
The Consumer Confidence Survey is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged at 9.4 points. The data, released by GfK, is based on survey responses of consumers regarding how confident they fell about the country’s economy. A positive reading suggests a generally optimistic assessment and strengthens the Euro. A negative reading indicates consumers are mainly pessimistic about Germany’s economy that weakens the Euro.
UK
The Gross Domestic Product for the first quarter is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline both in annual and quarterly terms, from 2.1% to 2.0% and from 0.6% to 0.4% respectively. The data measures the value of all goods and services created in the UK and represents the pace of economic growth. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
USA
Data on Pending Home Sales is due in the US at 4:00 pm (GMT+2). On a monthly basis, the indicator is expected to decline from 3.5% to 0.5% in March. It is one of the key indicators of the US property market that represents the general state of the national economy. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Federal Reserve releases its decision on interest rates at 8:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. It is an important economic indicator which has an impact on commercial banks’ interest rates and the USD exchange rate. A rate increase strengthens the US Dollar. A rate decrease weakens the US Dollar.
The Federal Reserve releases its Monetary Policy Statement at 8:30 pm (GMT+2). The publication has a significant impact on the market and can either strengthen or weaken the US Dollar.
New Zealand
The Reserve Bank of New Zealand releases its Monetary Policy Statement at 11:00 pm (GMT+2). The publication has a significant impact on the market and can either strengthen or weaken the NZ Dollar.
The Reserve Bank of New Zealand releases its decision on interest rates at 11:00 pm (GMT+2). The indicator is expected to remain unchanged at 2.25%. A rate increase strengthens the NZ Dollar. A rate decrease weakens the NZ Dollar.
Claws and Horns
News of the day. 26.04.2016
USA
Data on Durable Goods Orders is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -3.0% to 1.8% in March. The data represents the value change for durable goods 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 US Dollar.
Data on Durable Goods Orders ex Transportation is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -1.5% to 0.5% in March. The data represents the value change for durable goods (excluding transportation) 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 US Dollar.
Data on the S&P/Case-Shiller Home Price Indices for February is due in the US at 3:00 pm (GMT+2). The index represents the property prices change in 20 of the biggest US states. A growth in the indicator strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
The Markit Services PMI is due in the US at 3:45 pm (GMT+2). The index is based on survey responses from executives of the 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 positive and strengthens the US Dollar. A reading below 50, on the contrary, weakens the US Dollar.
Data on Consumer Confidence for April is due in the US at 4:00 pm (GMT+2). The indicator represents how confident consumers feel about current economic conditions. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
Canada
Stephen Poloz, Governor of the Bank of Canada, is giving his speech at 2:40 pm (GMT+2). Stephen Poloz was appointed Governor of the Bank of Canada in June 2013. He is also Chairman of the Board of Directors of the Bank. In his speech, he gives commentaries regarding current economic conditions and monetary policy. His commentaries can either support or weaken the Canadian Dollar.
USA
Data on Durable Goods Orders is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -3.0% to 1.8% in March. The data represents the value change for durable goods 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 US Dollar.
Data on Durable Goods Orders ex Transportation is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -1.5% to 0.5% in March. The data represents the value change for durable goods (excluding transportation) 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 US Dollar.
Data on the S&P/Case-Shiller Home Price Indices for February is due in the US at 3:00 pm (GMT+2). The index represents the property prices change in 20 of the biggest US states. A growth in the indicator strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
The Markit Services PMI is due in the US at 3:45 pm (GMT+2). The index is based on survey responses from executives of the 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 positive and strengthens the US Dollar. A reading below 50, on the contrary, weakens the US Dollar.
Data on Consumer Confidence for April is due in the US at 4:00 pm (GMT+2). The indicator represents how confident consumers feel about current economic conditions. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
Canada
Stephen Poloz, Governor of the Bank of Canada, is giving his speech at 2:40 pm (GMT+2). Stephen Poloz was appointed Governor of the Bank of Canada in June 2013. He is also Chairman of the Board of Directors of the Bank. In his speech, he gives commentaries regarding current economic conditions and monetary policy. His commentaries can either support or weaken the Canadian Dollar.
Claws and Horns
News of the day. 25.04.2016
Japan
The Coincident Index for February is due Japan at 7:00 am (GMT+2). The index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the Yen. A result below 50 indicates a slowdown of the economy that, in its turn, has a negative impact on the Yen.
The Leading Economic Index for February is due Japan at 7:00 am (GMT+2). The index, based on 13 indicators, is used to assess short- and medium-term economic conditions. A result above 50 is a positive factor for the Yen. A result below 50 is a negative factor for the Yen.
Germany
The IFO Business Expectations is due in Germany at 10:00 am (GMT+2). The indicator is expected to grow from 100.0 to 100.9 points in April. The index is based on survey responses from executives of more than 7000 firms regarding their assessment of current business situation as well as business outlook for the coming six months. The outlook is rated as better, same, or worse. A generally favorable assessment supports the Euro, whereas a pessimistic view of respondents is considered negative for the Euro.
The IFO Business Climate Index is due in Germany at 10:00 am (GMT+2). The indicator is expected to grow from 106.7 to 107.1 points in April. The index is based on survey responses from executives of more than 7000 firms regarding their assessment of current business situation. A growth in the indicator strengthens the Euro. A fall in the indicator is a negative factor for the Euro.
USA
Data on New Home Sales is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 0.512 million to 0.527 million in March. It is an important indicator of the US property market. An increase in the number of new single-family houses sold and for sale suggests economic growth. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Dallas Fed Manufacturing Business Index for April is due US at 4:30 pm (GMT+2). The index is released by the FRB of Dallas and is based on a monthly survey of manufacturing companies in Texas. The survey provides an assessment of such factors as output volume, number of orders and prices.
Japan
The Coincident Index for February is due Japan at 7:00 am (GMT+2). The index is based on 11 indicators and shows the current state of the economy. A result above 50 represents economic growth and strengthens the Yen. A result below 50 indicates a slowdown of the economy that, in its turn, has a negative impact on the Yen.
The Leading Economic Index for February is due Japan at 7:00 am (GMT+2). The index, based on 13 indicators, is used to assess short- and medium-term economic conditions. A result above 50 is a positive factor for the Yen. A result below 50 is a negative factor for the Yen.
Germany
The IFO Business Expectations is due in Germany at 10:00 am (GMT+2). The indicator is expected to grow from 100.0 to 100.9 points in April. The index is based on survey responses from executives of more than 7000 firms regarding their assessment of current business situation as well as business outlook for the coming six months. The outlook is rated as better, same, or worse. A generally favorable assessment supports the Euro, whereas a pessimistic view of respondents is considered negative for the Euro.
The IFO Business Climate Index is due in Germany at 10:00 am (GMT+2). The indicator is expected to grow from 106.7 to 107.1 points in April. The index is based on survey responses from executives of more than 7000 firms regarding their assessment of current business situation. A growth in the indicator strengthens the Euro. A fall in the indicator is a negative factor for the Euro.
USA
Data on New Home Sales is due in the US at 4:00 pm (GMT+2). The indicator is expected to grow from 0.512 million to 0.527 million in March. It is an important indicator of the US property market. An increase in the number of new single-family houses sold and for sale suggests economic growth. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Dallas Fed Manufacturing Business Index for April is due US at 4:30 pm (GMT+2). The index is released by the FRB of Dallas and is based on a monthly survey of manufacturing companies in Texas. The survey provides an assessment of such factors as output volume, number of orders and prices.
Claws and Horns
News of the day. 22.04.2016
Germany
The Markit Services PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to grow from 55.1 to 55.2 points in April. The index represents economic conditions in the services sector. The data is based on survey responses from executives of German companies operating in the services sector regarding their assessment of current economic conditions in the sector. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is perceived negative and weakens the Euro.
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to grow from 50.7 to 51.0 points in April. The index represents economic conditions in the manufacturing sector and its prospects. The data is one of the key indicators of the state of Germany’s economy. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is perceived negative and weakens the Euro.
EU
The Markit Manufacturing PMI is due in the eurozone at 10:00 am (GMT+2). The indicator is expected to grow from 51.6 to 51.8 points in April. The index is based on survey responses from executives of manufacturing companies regarding their assessment of current economic conditions in the sector. A reading above 50 strengthens the Euro. A reading below 50 weakens the Euro.
The Markit Services PMI is due in the eurozone at 10:00 am (GMT+2). The indicator is expected to grow from 53.1 to 53.3 points in April. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the Euro. A reading below 50, on the contrary, is perceived negative and weakens the Euro.
Canada
The Consumer Price Index for March is due in Canada at 3:30 pm (GMT+2). On a year-over-year basis, the indicator is expected to fall from 1.4% to 1.2%. In monthly terms, a growth from 0.2% to 0.6% is projected. The index represents the change in the value of the basket of goods and services. A high reading can suggest an interest rate increase. A growth in the indicator strengthens the Canadian Dollar. A fall in the indicator weakens the Canadian Dollar.
USA
The Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 51.5 to 52.0 points in April. The index is based on survey responses from top-managers of manufacturing companies. A reading above 50 is perceived positive and strengthens the US Dollar. A reading below 50, on the contrary, is perceived negative and weakens the US Dollar.
Germany
The Markit Services PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to grow from 55.1 to 55.2 points in April. The index represents economic conditions in the services sector. The data is based on survey responses from executives of German companies operating in the services sector regarding their assessment of current economic conditions in the sector. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is perceived negative and weakens the Euro.
The Markit Manufacturing PMI is due in Germany at 9:30 am (GMT+2). The indicator is expected to grow from 50.7 to 51.0 points in April. The index represents economic conditions in the manufacturing sector and its prospects. The data is one of the key indicators of the state of Germany’s economy. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is perceived negative and weakens the Euro.
EU
The Markit Manufacturing PMI is due in the eurozone at 10:00 am (GMT+2). The indicator is expected to grow from 51.6 to 51.8 points in April. The index is based on survey responses from executives of manufacturing companies regarding their assessment of current economic conditions in the sector. A reading above 50 strengthens the Euro. A reading below 50 weakens the Euro.
The Markit Services PMI is due in the eurozone at 10:00 am (GMT+2). The indicator is expected to grow from 53.1 to 53.3 points in April. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the Euro. A reading below 50, on the contrary, is perceived negative and weakens the Euro.
Canada
The Consumer Price Index for March is due in Canada at 3:30 pm (GMT+2). On a year-over-year basis, the indicator is expected to fall from 1.4% to 1.2%. In monthly terms, a growth from 0.2% to 0.6% is projected. The index represents the change in the value of the basket of goods and services. A high reading can suggest an interest rate increase. A growth in the indicator strengthens the Canadian Dollar. A fall in the indicator weakens the Canadian Dollar.
USA
The Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 51.5 to 52.0 points in April. The index is based on survey responses from top-managers of manufacturing companies. A reading above 50 is perceived positive and strengthens the US Dollar. A reading below 50, on the contrary, is perceived negative and weakens the US Dollar.
Claws and Horns
News of the day. 21.04.2016
Australia
Data on Business Confidence is released by the National Australia Bank at 3:30 am (GMT+2). The index is based on an assessment of current business conditions in Australia and is considered an indicator of economic growth in the short run. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
UK
Data on Retail Sales for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to be up both in monthly and annual terms, from -0.4% to -0.1% and from 3.8% to 4.4% respectively. The index represents the total value of all receipts from retail shops in the country. The data characterises the level of consumer expenditure and demand. A growth in retail sales is an important factor for the economy. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
Data on Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from 6.485 billion to 5.500 billion in March. The data represents the government debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote a budget surplus and strengthen the GBP.
Data on Retail Sales excluding fuel for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down both in monthly and annual terms, from -0.2% to -0.4% and from 4.1% to 3.7% respectively. The data represents the retail prices change and is considered a significant indicator of consumer spending. For more precise calculation petrol prices are excluded. A growth in retail sales is an important factor for the economy. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
EU
The ECB releases its decision on interest rates at 1:45 pm (GMT+2). The indicator is expected to remain unchanged at 0%. A rate increase strengthens the Euro, while a decrease weakens the Euro.
At 2:30 pm (GMT+2), after an interest rate decision is announced, the ECB Head comments on this decision and answers questions about current economic conditions in the eurozone.
USA
Data on the Philadelphia Fed Manufacturing Survey is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 12.4 to 8.9 points. The index is based on surveys of executives of the biggest manufacturing companies in Philadelphia regarding their opinion on current economic conditions and prospects of the economy for the next 6 months. Negative values weaken the US Dollar. Values above expectations strengthen the US Dollar.
Data on Initial Jobless Claims for the week ended 15 April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 253K to 263K.The data is published weekly on Thursdays and represents the number of new unemployment claims. The indicator allows approximating what nonfarm payrolls will be. A fall in the number of unemployment claims strengthens the US Dollar. A growth in the indicator is considered a negative factor.
The Housing Price Index is released in the US at 3:00 pm (GMT+2). The index represents property prices dynamics. A growth in the index strengthens the US Dollar. A fall in the index weakens the US Dollar.
The Conference Board releases data on leading indicators at 4:00 pm (GMT+2). The index is expected to grow from 0.1% to 0.4% in March.
Australia
Data on Business Confidence is released by the National Australia Bank at 3:30 am (GMT+2). The index is based on an assessment of current business conditions in Australia and is considered an indicator of economic growth in the short run. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
UK
Data on Retail Sales for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to be up both in monthly and annual terms, from -0.4% to -0.1% and from 3.8% to 4.4% respectively. The index represents the total value of all receipts from retail shops in the country. The data characterises the level of consumer expenditure and demand. A growth in retail sales is an important factor for the economy. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
Data on Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). The indicator is expected to fall from 6.485 billion to 5.500 billion in March. The data represents the government debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote a budget surplus and strengthen the GBP.
Data on Retail Sales excluding fuel for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down both in monthly and annual terms, from -0.2% to -0.4% and from 4.1% to 3.7% respectively. The data represents the retail prices change and is considered a significant indicator of consumer spending. For more precise calculation petrol prices are excluded. A growth in retail sales is an important factor for the economy. A growth in the indicator strengthens the Pound. A fall in the indicator weakens the Pound.
EU
The ECB releases its decision on interest rates at 1:45 pm (GMT+2). The indicator is expected to remain unchanged at 0%. A rate increase strengthens the Euro, while a decrease weakens the Euro.
At 2:30 pm (GMT+2), after an interest rate decision is announced, the ECB Head comments on this decision and answers questions about current economic conditions in the eurozone.
USA
Data on the Philadelphia Fed Manufacturing Survey is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 12.4 to 8.9 points. The index is based on surveys of executives of the biggest manufacturing companies in Philadelphia regarding their opinion on current economic conditions and prospects of the economy for the next 6 months. Negative values weaken the US Dollar. Values above expectations strengthen the US Dollar.
Data on Initial Jobless Claims for the week ended 15 April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 253K to 263K.The data is published weekly on Thursdays and represents the number of new unemployment claims. The indicator allows approximating what nonfarm payrolls will be. A fall in the number of unemployment claims strengthens the US Dollar. A growth in the indicator is considered a negative factor.
The Housing Price Index is released in the US at 3:00 pm (GMT+2). The index represents property prices dynamics. A growth in the index strengthens the US Dollar. A fall in the index weakens the US Dollar.
The Conference Board releases data on leading indicators at 4:00 pm (GMT+2). The index is expected to grow from 0.1% to 0.4% in March.
Claws and Horns
News of the day. 20.04.2016
Germany
The Producer Price Index for March is due in Germany at 8:00 am (GMT+2). The indicator is expected to grow both in annual and monthly terms, from -3.0% to -2.9% and from -0.5% to 0.2% respectively. The index tracks changes in wholesale prices on commodity markets. A growth in the indicator strengthens the Euro; a fall in the indicator weakens the Euro.
Switzerland
The ZEW Indicator of Expectations for April is released in Switzerland at 11:00 am (GMT+2). The data is released by the Centre for European Economic Research (ZEW) and represents an assessment of current economic conditions based on such criteria as business climate, employment situation and others. A high reading strengthens the Franc, while a low reading weakens the Franc.
Germany
The Producer Price Index for March is due in Germany at 8:00 am (GMT+2). The indicator is expected to grow both in annual and monthly terms, from -3.0% to -2.9% and from -0.5% to 0.2% respectively. The index tracks changes in wholesale prices on commodity markets. A growth in the indicator strengthens the Euro; a fall in the indicator weakens the Euro.
Switzerland
The ZEW Indicator of Expectations for April is released in Switzerland at 11:00 am (GMT+2). The data is released by the Centre for European Economic Research (ZEW) and represents an assessment of current economic conditions based on such criteria as business climate, employment situation and others. A high reading strengthens the Franc, while a low reading weakens the Franc.
Claws and Horns
News of the day. 19.04.2016
Australia
The Minutes of the Reserve Bank of Australia meeting are released at 3:30 am (GMT+2). The data is published two weeks after the Regulator announces its decision on interest rates. The minutes contain comments and detailed information regarding the recent decision.
The Governor of the Reserve Bank of Australia gives a speech at 3:30 pm (GMT+2). Glenn Stevens comments on current economic conditions in the country. His commentaries can lead to increased volatility in the Australian Dollar.
EU
The Economic Sentiment for April is due in the EU at 11:00 am (GMT+2). The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from 350 leading financial experts in Europe regarding their opinion on current economic conditions in Europe, the US and Japan. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
Germany
Data on the Current Situation is due in Germany at 11:00 am (GMT+2). The indicator is expected to grow from 50.7 to 51.0 points in April. The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from leading financial experts in Europe regarding their opinion on current economic conditions. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
The Economic Sentiment is due in Germany at 11:00 am (GMT+2). The indicator is expected to grow from 4.3 to 8.0 points in April. The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from leading financial experts in Europe regarding their opinion on current economic conditions. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
USA
Data on Housing Starts for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 1.178 million to 1.188 million. The data represents the number of new building starts. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
UK
The Governor of the Bank of England gives a speech at 4:35 pm (GMT+2). Mark Carney comments on current economic conditions in the country. His commentaries can lead to increased volatility in the Pound.
Canada
The Governor of the Bank of Canada gives a speech at 5:00 pm (GMT+2). Stephen Poloz was appointed Governor of the Bank of Canada in July 2013. In his speech, he comments on current economic conditions and monetary policy in the country. His commentaries can either strengthen or weaken the Canadian Dollar.
Australia
The Minutes of the Reserve Bank of Australia meeting are released at 3:30 am (GMT+2). The data is published two weeks after the Regulator announces its decision on interest rates. The minutes contain comments and detailed information regarding the recent decision.
The Governor of the Reserve Bank of Australia gives a speech at 3:30 pm (GMT+2). Glenn Stevens comments on current economic conditions in the country. His commentaries can lead to increased volatility in the Australian Dollar.
EU
The Economic Sentiment for April is due in the EU at 11:00 am (GMT+2). The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from 350 leading financial experts in Europe regarding their opinion on current economic conditions in Europe, the US and Japan. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
Germany
Data on the Current Situation is due in Germany at 11:00 am (GMT+2). The indicator is expected to grow from 50.7 to 51.0 points in April. The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from leading financial experts in Europe regarding their opinion on current economic conditions. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
The Economic Sentiment is due in Germany at 11:00 am (GMT+2). The indicator is expected to grow from 4.3 to 8.0 points in April. The index, released by the Centre for European Economic Research (ZEW), is based on survey responses from leading financial experts in Europe regarding their opinion on current economic conditions. A growth in the index represents a favourable assessment and strengthens the Euro. A reading below the forecast represents a negative assessment and weakens the Euro.
USA
Data on Housing Starts for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 1.178 million to 1.188 million. The data represents the number of new building starts. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
UK
The Governor of the Bank of England gives a speech at 4:35 pm (GMT+2). Mark Carney comments on current economic conditions in the country. His commentaries can lead to increased volatility in the Pound.
Canada
The Governor of the Bank of Canada gives a speech at 5:00 pm (GMT+2). Stephen Poloz was appointed Governor of the Bank of Canada in July 2013. In his speech, he comments on current economic conditions and monetary policy in the country. His commentaries can either strengthen or weaken the Canadian Dollar.
Claws and Horns
News of the day. 15.04.2016
EU
Data on Trade Balance 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 Euro. Negative values indicate the balance deficit and weaken the Euro.
USA
Data on Capacity Utilization for March is due in the US at 3:15 pm (GMT+2). The data represents the percentage expression of the production capacity utilisation in the economy of the country. It is considered as an indicator of economic growth and the level of demand. Values close to 85% are seen as optimal and represent a good balance between economic growth and inflation. Values above 85% represent inflation acceleration. A growth in the indicator generally strengthens the US Dollar.
Data on Industrial Production for March is due in the US at 3:15 pm (GMT+2). The data represents industrial output in the US and is considered as one of the major indicators of the state of the national economy. The publication has a high impact on the market. A growth in the indicator supports the US Dollar. A fall in the indicator pressures the US Dollar.
EU
Data on Trade Balance 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 Euro. Negative values indicate the balance deficit and weaken the Euro.
USA
Data on Capacity Utilization for March is due in the US at 3:15 pm (GMT+2). The data represents the percentage expression of the production capacity utilisation in the economy of the country. It is considered as an indicator of economic growth and the level of demand. Values close to 85% are seen as optimal and represent a good balance between economic growth and inflation. Values above 85% represent inflation acceleration. A growth in the indicator generally strengthens the US Dollar.
Data on Industrial Production for March is due in the US at 3:15 pm (GMT+2). The data represents industrial output in the US and is considered as one of the major indicators of the state of the national economy. The publication has a high impact on the market. A growth in the indicator supports the US Dollar. A fall in the indicator pressures the US Dollar.
Claws and Horns
News of the day. 14.04.2016
Australia
Data on the Unemployment Rate for March is due at 3:30 am (GMT+2) in Australia. On a month-to-month basis, the index is expected to grow from 5.8% to 5.9%. The index represents the percentage of unemployed in the total labour force. A growth in the index is negative for the economy and weakens the AUD. A fall in the index represents economic growth and strengthens the AUD.
EU
Data on the Consumer Price Index for March is due at 11:00 am (GMT+2) in the EU. The index is expected to remain unchanged at 1.2% on a month-to-month basis and at -0.1% on a year-to-year basis. It is one of the key indicators of inflation in the eurozone representing the change in the value of the basket of goods and services for a certain period. A growth in the index strengthen the EUR. A fall in the index weakens the EUR.
UK
The Bank of England Minutes are due at 1:00 pm (GMT+2). The Minutes are published after the interest rate decision is made and contain commentaries about the decision.
The BoE Interest Rate Decision is due at 1:00 pm (GMT+2) in the UK. The rate is expected to remain unchanged at 0.5%. Depending on current economic conditions and the level of inflation, the Bank of England makes its decision on the interest rate. The rate increase strengthens the GBP. The rate decrease weakens the GBP.
USA
Data on Initial Jobless Claims is due at 2:30 pm (GMT+2) in the US. For the week ending 8 April, the index is expected to grow from 267 to 270 thousands. It represents the number of new unemployment benefit claims and is published weekly on Thursdays. Gives an approximation of the upcoming Nonfarm Payrolls. A fall in the index strengthens the USD. A growth in the index weakens the USD.
Data on the Consumer Price Index ex Food & Energy for March is due at 2:30 pm (GMT+2) in the US. The index is expected to grow by 0.2%. It represents the change in the value of the basket of goods and services excluding food and energy prices and is considered a more precise indicator. A positive reading strengthens the USD. A negative reading weakens the USD.
The Consumer Price Index for March is due at 2:30 pm (GMT+2) in the US. The index is expected to grow by 0.2% on a month-to-month basis and by 1.2% on a year-to-year basis. It is one of the key indicators of inflation in the country, which represents the change in the value of the basket of goods and services. A positive reading strengthens the USD. A negative reading weakens the USD.
Australia
Data on the Unemployment Rate for March is due at 3:30 am (GMT+2) in Australia. On a month-to-month basis, the index is expected to grow from 5.8% to 5.9%. The index represents the percentage of unemployed in the total labour force. A growth in the index is negative for the economy and weakens the AUD. A fall in the index represents economic growth and strengthens the AUD.
EU
Data on the Consumer Price Index for March is due at 11:00 am (GMT+2) in the EU. The index is expected to remain unchanged at 1.2% on a month-to-month basis and at -0.1% on a year-to-year basis. It is one of the key indicators of inflation in the eurozone representing the change in the value of the basket of goods and services for a certain period. A growth in the index strengthen the EUR. A fall in the index weakens the EUR.
UK
The Bank of England Minutes are due at 1:00 pm (GMT+2). The Minutes are published after the interest rate decision is made and contain commentaries about the decision.
The BoE Interest Rate Decision is due at 1:00 pm (GMT+2) in the UK. The rate is expected to remain unchanged at 0.5%. Depending on current economic conditions and the level of inflation, the Bank of England makes its decision on the interest rate. The rate increase strengthens the GBP. The rate decrease weakens the GBP.
USA
Data on Initial Jobless Claims is due at 2:30 pm (GMT+2) in the US. For the week ending 8 April, the index is expected to grow from 267 to 270 thousands. It represents the number of new unemployment benefit claims and is published weekly on Thursdays. Gives an approximation of the upcoming Nonfarm Payrolls. A fall in the index strengthens the USD. A growth in the index weakens the USD.
Data on the Consumer Price Index ex Food & Energy for March is due at 2:30 pm (GMT+2) in the US. The index is expected to grow by 0.2%. It represents the change in the value of the basket of goods and services excluding food and energy prices and is considered a more precise indicator. A positive reading strengthens the USD. A negative reading weakens the USD.
The Consumer Price Index for March is due at 2:30 pm (GMT+2) in the US. The index is expected to grow by 0.2% on a month-to-month basis and by 1.2% on a year-to-year basis. It is one of the key indicators of inflation in the country, which represents the change in the value of the basket of goods and services. A positive reading strengthens the USD. A negative reading weakens the USD.
Claws and Horns
News of the day. 13.04.2016
EU
Data on Industrial Production for February is due in the EU at 11:00 am (GMT+2). The indicator is expected to decline both in annual and monthly terms, from 2.8% to 1.2% and from 2.1% to -0.5% respectively. Data on industrial production represents changes in industrial output and is considered as one of the major indicators of the state of the economy. A growth in the indicator strengthens the Euro. A fall in the indicator weakens the Euro.
USA
Data on Retail Sales for March is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from -0.1% to 0.4%. It is an indicator of consumer expenditures that represents the change in the volume of retail sales. A growth in the indicator is a positive factor for the economy and strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
Data on Retail Sales ex Autos for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.1% to 0.5%. The data represents the change in the volume of retail sales and is considered as the most precise indicator of consumer expenditures. A growth in the indicator is a positive factor for the economy and strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
The Fed's Beige Book is released 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 US Dollar. Pessimistic commentaries, on the contrary, weaken the US Dollar.
Canada
The Bank of Canada releases its Monetary Policy Report at 4:00 pm (GMT+2). The publication provides information about changes in monetary policy.
The Bank of Canada Rate Statement is released at 4:00 pm (GMT+2). The statement contains commentaries regarding the most recent interest rate decision.
The Bank of Canada announces its interest rate decision at 4:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. It is an important economic indicator which has an impact on commercial banks’ interest rates and the CAD exchange rate. A rate increase strengthens the Canadian Dollar. If the interest rate decreases or remains unchanged, the Canadian Dollar comes under pressure.
EU
Data on Industrial Production for February is due in the EU at 11:00 am (GMT+2). The indicator is expected to decline both in annual and monthly terms, from 2.8% to 1.2% and from 2.1% to -0.5% respectively. Data on industrial production represents changes in industrial output and is considered as one of the major indicators of the state of the economy. A growth in the indicator strengthens the Euro. A fall in the indicator weakens the Euro.
USA
Data on Retail Sales for March is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from -0.1% to 0.4%. It is an indicator of consumer expenditures that represents the change in the volume of retail sales. A growth in the indicator is a positive factor for the economy and strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
Data on Retail Sales ex Autos for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.1% to 0.5%. The data represents the change in the volume of retail sales and is considered as the most precise indicator of consumer expenditures. A growth in the indicator is a positive factor for the economy and strengthens the US Dollar. A fall in the indicator weakens the US Dollar.
The Fed's Beige Book is released 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 US Dollar. Pessimistic commentaries, on the contrary, weaken the US Dollar.
Canada
The Bank of Canada releases its Monetary Policy Report at 4:00 pm (GMT+2). The publication provides information about changes in monetary policy.
The Bank of Canada Rate Statement is released at 4:00 pm (GMT+2). The statement contains commentaries regarding the most recent interest rate decision.
The Bank of Canada announces its interest rate decision at 4:00 pm (GMT+2). The indicator is expected to remain unchanged at 0.5%. It is an important economic indicator which has an impact on commercial banks’ interest rates and the CAD exchange rate. A rate increase strengthens the Canadian Dollar. If the interest rate decreases or remains unchanged, the Canadian Dollar comes under pressure.
Claws and Horns
News of the day. 12.04.2016
Germany
The Consumer Price Index for March is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged both in monthly and annual terms, at 0.8% and 0.3% respectively. The index represents the change in prices for goods and services and is considered as the key indicator of inflation in the country. A growth in the index strengthens the Euro. A fall in the index weakens the Euro.
UK
The Consumer Price Index for March is due in the UK at 10:30 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from 0.3% to 0.4%. The index is the key indicator of inflation which represents the change in prices for goods and services. A growth in the index strengthens the Pound. A fall in the index weakens the Pound.
USA
Data on Export Price Index for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to be up to -0.2% from -0.4%. The index represents the price change for goods and services exported from the US. The data has a high impact on the market as long as the US share in the world trade is about 20%. A permanent growth in the index pressures the US Dollar as demand for the US goods and services can reduce due to high prices.
Data on Import Price Index for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.3% to 1.0%. The index represents the price change for goods and services imported in the US. The data is considered as an indicator of inflation. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Monthly Budget Statement is due in the US at 9:00 pm (GMT+2). The data 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. Positive values strengthen the US Dollar; negative values weaken the US Dollar.
Germany
The Consumer Price Index for March is due in Germany at 8:00 am (GMT+2). The indicator is expected to remain unchanged both in monthly and annual terms, at 0.8% and 0.3% respectively. The index represents the change in prices for goods and services and is considered as the key indicator of inflation in the country. A growth in the index strengthens the Euro. A fall in the index weakens the Euro.
UK
The Consumer Price Index for March is due in the UK at 10:30 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from 0.3% to 0.4%. The index is the key indicator of inflation which represents the change in prices for goods and services. A growth in the index strengthens the Pound. A fall in the index weakens the Pound.
USA
Data on Export Price Index for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to be up to -0.2% from -0.4%. The index represents the price change for goods and services exported from the US. The data has a high impact on the market as long as the US share in the world trade is about 20%. A permanent growth in the index pressures the US Dollar as demand for the US goods and services can reduce due to high prices.
Data on Import Price Index for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.3% to 1.0%. The index represents the price change for goods and services imported in the US. The data is considered as an indicator of inflation. A high reading strengthens the US Dollar. A low reading weakens the US Dollar.
The Monthly Budget Statement is due in the US at 9:00 pm (GMT+2). The data 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. Positive values strengthen the US Dollar; negative values weaken the US Dollar.
Claws and Horns
News of the day. 11.04.2016
Australia
Data on Home Loans for February is due in Australia at 3:30 am (GMT+2). The indicator represents the number of new home loans. The data is considered as one of the key indicators of the property market. A growth in the number of home loans strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Australia
Data on Home Loans for February is due in Australia at 3:30 am (GMT+2). The indicator represents the number of new home loans. The data is considered as one of the key indicators of the property market. A growth in the number of home loans strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
· 1
Claws and Horns
News of the day. 8.04.2016
Switzerland
Data on Unemployment Rate for March is due in Switzerland at 7:45 am (GMT+2). The indicator represents the percentage of the total labour force of Switzerland that is currently unemployed. A growth in unemployment suggests a slowdown of the economy. A high reading weakens the Franc, while a low reading strengthens the Franc.
Data on Consumer Price Index for March is due in Switzerland at 9:15 am (GMT+2). The indicator is expected to be down from -0.8% to -0.9%. The index represents changes in prices of goods and services for household consumption. The data is considered as the key indicator of inflation. A growth in the index strengthens the Franc, while a fall weakens the Franc.
Japan
Eco Watchers Survey is due in Japan at 8:00 am (GMT+2). The index is based on survey responses from employees of the largest companies regarding their opinion on current and future economic trends. A result above 50 represents a positive economic outlook and strengthens the Yen. A result below 50, on the contrary, weakens the Yen suggesting that experts are generally pessimistic about short-term economic prospects.
Germany
Data on Imports and Exports for February is due in Germany at 8:00 am (GMT+2). Exports are expected to be up from -0.5% to 0.5% while Imports to be down from 1.2% to -0.3%. Imports indicator represents the total amount of imported goods and services. Exports indicator represents the total amount of exported goods and services. The data is released by the Federal Statistical Office of Germany.
Data on Trade Balance for February is due in Germany at 8:00 am (GMT+2). The indicator represents the difference between the value of exports and imports of goods and services. Positive values indicate exports exceed imports implying the balance is in surplus. Negative values indicate imports exceed exports implying the balance is in deficit. A growth in exports has a positive impact on the economy. A high reading strengthens the Euro. A low reading weakens the Euro.
UK
Data on Industrial Production for February is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down both in monthly and annual terms, from 0.3% to 0.1% and from 0.2% to 0.0% respectively. The data represents industrial output in the UK and is considered as one of the major indicators of the state of the national economy. A growth in the indicator supports the Pound. A fall in the indicator pressures the Pound.
GDP Estimate for March is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research (NIESR). The indicator tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A growth in the indicator strengthens the Pound. A fall growth in the indicator weakens the GBP.
Canada
Data on Unemployment Rate for March is due in Canada at 2:30 pm (GMT+2). The indicator, released by the Statistics Canada, represents the percentage of the total labour force that is currently unemployed. A growth in unemployment suggests a slowdown of the economy and weakens the Canadian Dollar. A fall in the indicator, on the contrary, is a positive signal and strengthens the national currency.
Data on Housing Starts for March is due in Canada at 2:15 pm (GMT+2). On a year-over-year basis, the indicator is expected to fall from 212.6K to 187.5K.
Switzerland
Data on Unemployment Rate for March is due in Switzerland at 7:45 am (GMT+2). The indicator represents the percentage of the total labour force of Switzerland that is currently unemployed. A growth in unemployment suggests a slowdown of the economy. A high reading weakens the Franc, while a low reading strengthens the Franc.
Data on Consumer Price Index for March is due in Switzerland at 9:15 am (GMT+2). The indicator is expected to be down from -0.8% to -0.9%. The index represents changes in prices of goods and services for household consumption. The data is considered as the key indicator of inflation. A growth in the index strengthens the Franc, while a fall weakens the Franc.
Japan
Eco Watchers Survey is due in Japan at 8:00 am (GMT+2). The index is based on survey responses from employees of the largest companies regarding their opinion on current and future economic trends. A result above 50 represents a positive economic outlook and strengthens the Yen. A result below 50, on the contrary, weakens the Yen suggesting that experts are generally pessimistic about short-term economic prospects.
Germany
Data on Imports and Exports for February is due in Germany at 8:00 am (GMT+2). Exports are expected to be up from -0.5% to 0.5% while Imports to be down from 1.2% to -0.3%. Imports indicator represents the total amount of imported goods and services. Exports indicator represents the total amount of exported goods and services. The data is released by the Federal Statistical Office of Germany.
Data on Trade Balance for February is due in Germany at 8:00 am (GMT+2). The indicator represents the difference between the value of exports and imports of goods and services. Positive values indicate exports exceed imports implying the balance is in surplus. Negative values indicate imports exceed exports implying the balance is in deficit. A growth in exports has a positive impact on the economy. A high reading strengthens the Euro. A low reading weakens the Euro.
UK
Data on Industrial Production for February is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down both in monthly and annual terms, from 0.3% to 0.1% and from 0.2% to 0.0% respectively. The data represents industrial output in the UK and is considered as one of the major indicators of the state of the national economy. A growth in the indicator supports the Pound. A fall in the indicator pressures the Pound.
GDP Estimate for March is due in the UK at 4:00 pm (GMT+2). The report is published by the National Institute for Economic and Social Research (NIESR). The indicator tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A growth in the indicator strengthens the Pound. A fall growth in the indicator weakens the GBP.
Canada
Data on Unemployment Rate for March is due in Canada at 2:30 pm (GMT+2). The indicator, released by the Statistics Canada, represents the percentage of the total labour force that is currently unemployed. A growth in unemployment suggests a slowdown of the economy and weakens the Canadian Dollar. A fall in the indicator, on the contrary, is a positive signal and strengthens the national currency.
Data on Housing Starts for March is due in Canada at 2:15 pm (GMT+2). On a year-over-year basis, the indicator is expected to fall from 212.6K to 187.5K.
Claws and Horns
News of the day. 7.04.2016
EU
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). They contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on Continuing Jobless Claims for the week ended March 25 is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 2.173 million to 2.189 million. The data represents the number of unemployed receiving unemployment benefits and is seen as an indicator of current labour market conditions. A growth in the number of continuing jobless claims weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Initial Jobless Claims for the week ended April 1 is due in the US at 2:30 pm (GMT+2). The indicator is expected to be down to 270K from 276K. The data is published every Thursday and represents the number of new unemployment claims. The indicator allows approximating what Nonfarm Payrolls will be. A fall in the indicator strengthens the US Dollar. A growth in the indicator weakens the US Dollar.
Data on Consumer Credit Change for February is due in the US at 9:00 pm (GMT+2). The indicator is expected to grow from $10.54 billion to $14.00 billion. The data represents the change in the volume of outstanding consumer credit in the US. A high reading strengthens the US Dollar. A low reading weakens the US Dollar. Sometimes, a too high reading could indicate credit overconsumption, when consumers borrow more than they actually need.
Fed's Yellen Speech is due at 11:30 pm (GMT+2). Janet Yellen has been the Chair of the Federal Reserve since 2014.
EU
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). They contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
USA
Data on Continuing Jobless Claims for the week ended March 25 is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 2.173 million to 2.189 million. The data represents the number of unemployed receiving unemployment benefits and is seen as an indicator of current labour market conditions. A growth in the number of continuing jobless claims weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Initial Jobless Claims for the week ended April 1 is due in the US at 2:30 pm (GMT+2). The indicator is expected to be down to 270K from 276K. The data is published every Thursday and represents the number of new unemployment claims. The indicator allows approximating what Nonfarm Payrolls will be. A fall in the indicator strengthens the US Dollar. A growth in the indicator weakens the US Dollar.
Data on Consumer Credit Change for February is due in the US at 9:00 pm (GMT+2). The indicator is expected to grow from $10.54 billion to $14.00 billion. The data represents the change in the volume of outstanding consumer credit in the US. A high reading strengthens the US Dollar. A low reading weakens the US Dollar. Sometimes, a too high reading could indicate credit overconsumption, when consumers borrow more than they actually need.
Fed's Yellen Speech is due at 11:30 pm (GMT+2). Janet Yellen has been the Chair of the Federal Reserve since 2014.
· 1
Claws and Horns
News of the day. 6.04.2016
Japan
The Coincident Index for February is due at 07:00 am (GMT+2) in Japan. The index is derived from 11 other indicators and is used for the evaluation of current economic conditions. A reading above 50 indicates economic growth and strengthens the JPY. A reading below 50 signals economy slowdown and pressures the JPY.
The Leading Economic Index for February is due at 07:00 am (GMT+2) in Japan. The index is derived from 13 other indicators and is used for the evaluation of economic conditions for the short- and medium-terms. A reading above 50 is considered positive and strengthens the JPY. Are reading below 50 is considered negative and weakens the JPY.
Australia
RBA Assistant Governor Kent Speech is due at 09:00 am (GMT+2) in Australia. Christopher Kent is the Assistant Governor on economic matters and is the head economic advisor to the Board.
EU
The Non-monetary Policy’s ECB Meeting where questions regarding current economic conditions and monetary policy are considered, is due at 09:00 am (GMT+2). The meeting outcome could lead to an increase in volatility on the market. Note that monetary policy meetings’ frequency shortened to 6 weeks. Other meetings are scheduled once a month.
Canada
The Ivey Purchasing Managers Index for March is due at 04:00 pm (GMT+2) in Canada. The index is published by the Richard Ivey School of Business and evaluates current economic conditions in the country. A reading above 50 indicates growth in economic activity and strengthen the CAD. A reading below 50 signals economic activity contraction and weakens the CAD.
USA
The FOMC Minutes are due at 08:00 pm (GMT+2) in the US. The Committee gives its view on current economic conditions in the US and sets further monetary policy.
Japan
The Coincident Index for February is due at 07:00 am (GMT+2) in Japan. The index is derived from 11 other indicators and is used for the evaluation of current economic conditions. A reading above 50 indicates economic growth and strengthens the JPY. A reading below 50 signals economy slowdown and pressures the JPY.
The Leading Economic Index for February is due at 07:00 am (GMT+2) in Japan. The index is derived from 13 other indicators and is used for the evaluation of economic conditions for the short- and medium-terms. A reading above 50 is considered positive and strengthens the JPY. Are reading below 50 is considered negative and weakens the JPY.
Australia
RBA Assistant Governor Kent Speech is due at 09:00 am (GMT+2) in Australia. Christopher Kent is the Assistant Governor on economic matters and is the head economic advisor to the Board.
EU
The Non-monetary Policy’s ECB Meeting where questions regarding current economic conditions and monetary policy are considered, is due at 09:00 am (GMT+2). The meeting outcome could lead to an increase in volatility on the market. Note that monetary policy meetings’ frequency shortened to 6 weeks. Other meetings are scheduled once a month.
Canada
The Ivey Purchasing Managers Index for March is due at 04:00 pm (GMT+2) in Canada. The index is published by the Richard Ivey School of Business and evaluates current economic conditions in the country. A reading above 50 indicates growth in economic activity and strengthen the CAD. A reading below 50 signals economic activity contraction and weakens the CAD.
USA
The FOMC Minutes are due at 08:00 pm (GMT+2) in the US. The Committee gives its view on current economic conditions in the US and sets further monetary policy.
Claws and Horns
News of the day. 5.04.2016
Australia
Statistics on Imports and Exports for February is due in Australia at 2:30 am (GMT+2). The indicator of imports represents data on goods and services transactions (purchases, barter, gifts or grants) from non-residents to residents. The indicator of exports represents data on goods and services transactions (purchases, barter, gifts or grants) from residents to non-residents.
Data on Trade Balance for February is due in Australia at 2:30 am (GMT+2). Australia’s trade deficit is expected to narrow from AUD2600 million to AUD2937 million. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus. Negative values imply the balance is in deficit.
The Reserve Bank of Australia announces its decision on interest rates at 6:30 am (GMT+2). The interest rate is expected to remain unchanged at 2%. A rate increase strengthens the Australian Dollar. If the RBA decides to keep its interest rate unchanged or to decrease it, the Australian Dollar comes under pressure.
EU
Markit Services PMI for March is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at the level of 54 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the Euro. A reading below 50, on the contrary, is perceived negative and weakens the Euro.
USA
Data on Trade Balance for February is due in the US at 2:30 pm (GMT+2). The US trade deficit is expected to narrow from $46.68 billion to $46.20 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus. Negative values imply the balance is in deficit.
ISM Non-Manufacturing PMI for March is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 53.4 to 54.0 points. The index is based on survey responses. The survey is conducted among executives of the US companies operating in the service sector and represents their opinion on current economic conditions in the sector. A reading above 45-50 indicates economic growth. A reading below 45-50 suggests the economy is experiencing a slowdown .A growth in the index strengthens the US Dollar. A fall in the index weakens the US Dollar.
Markit Services PMI for March is due in the US at 3:45 pm (GMT+2). The index is based on survey responses from executives of the US companies operating in the service sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the US Dollar. A reading below 50 is perceived negative and weakens the US Dollar.
Australia
Statistics on Imports and Exports for February is due in Australia at 2:30 am (GMT+2). The indicator of imports represents data on goods and services transactions (purchases, barter, gifts or grants) from non-residents to residents. The indicator of exports represents data on goods and services transactions (purchases, barter, gifts or grants) from residents to non-residents.
Data on Trade Balance for February is due in Australia at 2:30 am (GMT+2). Australia’s trade deficit is expected to narrow from AUD2600 million to AUD2937 million. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus. Negative values imply the balance is in deficit.
The Reserve Bank of Australia announces its decision on interest rates at 6:30 am (GMT+2). The interest rate is expected to remain unchanged at 2%. A rate increase strengthens the Australian Dollar. If the RBA decides to keep its interest rate unchanged or to decrease it, the Australian Dollar comes under pressure.
EU
Markit Services PMI for March is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at the level of 54 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the Euro. A reading below 50, on the contrary, is perceived negative and weakens the Euro.
USA
Data on Trade Balance for February is due in the US at 2:30 pm (GMT+2). The US trade deficit is expected to narrow from $46.68 billion to $46.20 billion. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus. Negative values imply the balance is in deficit.
ISM Non-Manufacturing PMI for March is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 53.4 to 54.0 points. The index is based on survey responses. The survey is conducted among executives of the US companies operating in the service sector and represents their opinion on current economic conditions in the sector. A reading above 45-50 indicates economic growth. A reading below 45-50 suggests the economy is experiencing a slowdown .A growth in the index strengthens the US Dollar. A fall in the index weakens the US Dollar.
Markit Services PMI for March is due in the US at 3:45 pm (GMT+2). The index is based on survey responses from executives of the US companies operating in the service sector regarding their opinion on current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the US Dollar. A reading below 50 is perceived negative and weakens the US Dollar.
Claws and Horns
News of the day. 4.04.2016
Australia
The University of Melbourne releases data on inflation for March at 2:00 am (GMT+2). A growth in inflation can lead to an increase in interest rates. A high reading strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Data on Retail Sales for February is due in Australia at 3:30 am (GMT+2). The indicator represents changes in the volume of retail sales and is considered as an indicator of consumer spending and economic growth. A high reading strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
UK
The PMI Construction for March is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. It is based on survey responses from executives of the biggest construction companies in the UK regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 is perceived positive and strengthens the Pound. A reading below 50 is perceived negative and weakens the Pound.
EU
The Producer Price Index is due in the EU at 11:00 am (GMT+2). The index represents a price change on goods, produced in the eurozone. A growth in the index, generally, supports the Euro. A decline in the index weakens the Euro.
USA
Data on Factory Orders is due in the US at 4:00 pm (GMT+2). The indicator represents the change in the volume of factory orders that allows estimating the pace of the growth of the industrial sector. A growth in the indicator supports the US Dollar. A fall in the indicator, on the contrary, weakens the US Dollar.
Australia
The University of Melbourne releases data on inflation for March at 2:00 am (GMT+2). A growth in inflation can lead to an increase in interest rates. A high reading strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Data on Retail Sales for February is due in Australia at 3:30 am (GMT+2). The indicator represents changes in the volume of retail sales and is considered as an indicator of consumer spending and economic growth. A high reading strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
UK
The PMI Construction for March is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the construction sector. It is based on survey responses from executives of the biggest construction companies in the UK regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 is perceived positive and strengthens the Pound. A reading below 50 is perceived negative and weakens the Pound.
EU
The Producer Price Index is due in the EU at 11:00 am (GMT+2). The index represents a price change on goods, produced in the eurozone. A growth in the index, generally, supports the Euro. A decline in the index weakens the Euro.
USA
Data on Factory Orders is due in the US at 4:00 pm (GMT+2). The indicator represents the change in the volume of factory orders that allows estimating the pace of the growth of the industrial sector. A growth in the indicator supports the US Dollar. A fall in the indicator, on the contrary, weakens the US Dollar.
Claws and Horns
News of the day. 1.04.2016
Switzerland
Data on Real Retail Sales for March is due in Switzerland at 9:15 am (GMT+2). The indicator is expected to grow from 0.2% to 0.5%. Data on retail sales represents changes in the volume of retail sales and is considered as an indicator of consumer spending. 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 as a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on Markit Manufacturing PMI for March is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 50.4 points. The index as one of the key indicators of the country’s economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Euro.
EU
Data on Markit Manufacturing PMI for March is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 51.4 points. The index as one of the key indicators of the EU economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Euro.
UK
Data on Markit Manufacturing PMI for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow from 50.8 to 51.2 points. The index as one of the key indicators of the country’s economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Pound. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Pound.
USA
Data on Nonfarm Payrolls for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 242K to 205K. It is one of the main indicators of employment in the US which represents the number of employed in non-agricultural sectors. The publication has a strong impact on the market. A high reading represents employment growth and strengthens the US Dollar. A low reading weakens the US Dollar.
Data on Markit Manufacturing PMI for March is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 51.4 to 51.5 points. The data reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the US Dollar. A result below 50 points, on the contrary, is seen as a negative signal and weakens the US Dollar.
Data on ISM Manufacturing PMI for March is due in the US at 4:00 pm (GMT+2). The index is expected to grow from 49.5 to 50.7 points. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the US Dollar. Values below 50 indicate a slowdown of the economy and weaken the US Dollar.
Data on ISM Prices Paid is due in the US at 4:00 pm (GMT+2). The index is based on survey responses from executives of manufacturing companies and evaluates current economic conditions in the manufacturing sector.
Canada
Data on RBC Manufacturing PMI is due in Canada at 3:30 pm (GMT+2). The index is based on survey responses from executives of 400 large companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 represents optimism and strengthens the Canadian Dollar. A reading below 50 represents pessimism and weakens the Canadian Dollar.
Switzerland
Data on Real Retail Sales for March is due in Switzerland at 9:15 am (GMT+2). The indicator is expected to grow from 0.2% to 0.5%. Data on retail sales represents changes in the volume of retail sales and is considered as an indicator of consumer spending. 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 as a negative factor for the economy. A high reading strengthens the CHF. A low reading weakens the CHF.
Germany
Data on Markit Manufacturing PMI for March is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 50.4 points. The index as one of the key indicators of the country’s economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Euro.
EU
Data on Markit Manufacturing PMI for March is due in the EU at 10:00 am (GMT+2). The indicator is expected to remain unchanged at 51.4 points. The index as one of the key indicators of the EU economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Euro. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Euro.
UK
Data on Markit Manufacturing PMI for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to grow from 50.8 to 51.2 points. The index as one of the key indicators of the country’s economy reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the Pound. A result below 50 points, on the contrary, is seen as a negative signal and weakens the Pound.
USA
Data on Nonfarm Payrolls for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 242K to 205K. It is one of the main indicators of employment in the US which represents the number of employed in non-agricultural sectors. The publication has a strong impact on the market. A high reading represents employment growth and strengthens the US Dollar. A low reading weakens the US Dollar.
Data on Markit Manufacturing PMI for March is due in the US at 3:45 pm (GMT+2). The indicator is expected to grow from 51.4 to 51.5 points. The data reflects economic conditions in the manufacturing sector and its prospects. A result above 50 points is perceived positive and strengthens the US Dollar. A result below 50 points, on the contrary, is seen as a negative signal and weakens the US Dollar.
Data on ISM Manufacturing PMI for March is due in the US at 4:00 pm (GMT+2). The index is expected to grow from 49.5 to 50.7 points. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the US Dollar. Values below 50 indicate a slowdown of the economy and weaken the US Dollar.
Data on ISM Prices Paid is due in the US at 4:00 pm (GMT+2). The index is based on survey responses from executives of manufacturing companies and evaluates current economic conditions in the manufacturing sector.
Canada
Data on RBC Manufacturing PMI is due in Canada at 3:30 pm (GMT+2). The index is based on survey responses from executives of 400 large companies regarding their opinion on current economic conditions in the sector and its prospects. A reading above 50 represents optimism and strengthens the Canadian Dollar. A reading below 50 represents pessimism and weakens the Canadian Dollar.
· 1
Claws and Horns
News of the day. 31.03.2016
Australia
The data on New Home Sales in Australia is released by the Housing Industry Association at 3:00 am (GMT+2). The data represents the change in the number of new home sales. A growth in the indicator suggests favorable economic conditions and strengthens the Australian Dollar. A fall in the indicator weakens the US Dollar.
Japan
Data on Housing Starts for February is due in Japan at 7:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -2.4% from 0.2%. The data shows how many new single-family homes or buildings were constructed. Construction volumes are closely connected with personal income. Thus, a growth in the indicator represents overall economic growth and strengthens the Yen. A fall in the indicator weakens the Yen.
Germany
Data on Retail Sales for February is due in Germany at 8:00 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from -0.8% to 2.4%. The data represents the change in the volume of retail sales. A growth in the indicator is a positive factor for the economy and strengthens the Euro.
Data on Unemployment Rate for March is due in Germany at 09:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2%. The data represents the percentage of the total labour force that is unemployed. A growth in the indicator suggests economic slowdown and weakens the Euro. A fall in the indicator is a positive factor which strengthens the Euro.
UK
Data on Mortgage Approvals for February is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down to 74.000K from 74.581K. The data represents the number of new approved mortgages. A growth in the indicator suggests favourable property market conditions and supports the Pound. A fall in the indicator weakens the Pound.
Data on Gross Domestic Product for the fourth quarter is due in the UK at 10:30 am (GMT+2). Both in annual and quarterly terms, the indicator is expected to remain unchanged, at 1.9% and 0.5% respectively.
The Governor of the Bank of England Mark Carney is giving his speech at 9:00 pm (GMT+2). He is expected to give commentaries on current economic conditions in the country.
EU
Data on Consumer Price Index for March is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the index is expected to be up to -0.1% from -0.2%. 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 indicator strengthens the Euro. A fall in the indicator weakens the Euro.
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). The publication contains an overview of current economic conditions, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
Canada
Data on Gross Domestic Product for January is due in Canada at 2:30 pm (GMT+2). The indicator is expected to grow from 0.2% to 0.3%. The indicator represents the change in the value of all goods and services produced by Canada in a time period. A growth in GDP strengthens the Canadian Dollar. A fall in GDP weakens the Canadian Dollar.
USA
Data on Initial Jobless Claims for the week ended 25 March is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 265K.
Australia
The data on New Home Sales in Australia is released by the Housing Industry Association at 3:00 am (GMT+2). The data represents the change in the number of new home sales. A growth in the indicator suggests favorable economic conditions and strengthens the Australian Dollar. A fall in the indicator weakens the US Dollar.
Japan
Data on Housing Starts for February is due in Japan at 7:00 am (GMT+2). On a year-over-year basis, the indicator is expected to fall to -2.4% from 0.2%. The data shows how many new single-family homes or buildings were constructed. Construction volumes are closely connected with personal income. Thus, a growth in the indicator represents overall economic growth and strengthens the Yen. A fall in the indicator weakens the Yen.
Germany
Data on Retail Sales for February is due in Germany at 8:00 am (GMT+2). On a year-over-year basis, the indicator is expected to grow from -0.8% to 2.4%. The data represents the change in the volume of retail sales. A growth in the indicator is a positive factor for the economy and strengthens the Euro.
Data on Unemployment Rate for March is due in Germany at 09:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2%. The data represents the percentage of the total labour force that is unemployed. A growth in the indicator suggests economic slowdown and weakens the Euro. A fall in the indicator is a positive factor which strengthens the Euro.
UK
Data on Mortgage Approvals for February is due in the UK at 10:30 am (GMT+2). The indicator is expected to be down to 74.000K from 74.581K. The data represents the number of new approved mortgages. A growth in the indicator suggests favourable property market conditions and supports the Pound. A fall in the indicator weakens the Pound.
Data on Gross Domestic Product for the fourth quarter is due in the UK at 10:30 am (GMT+2). Both in annual and quarterly terms, the indicator is expected to remain unchanged, at 1.9% and 0.5% respectively.
The Governor of the Bank of England Mark Carney is giving his speech at 9:00 pm (GMT+2). He is expected to give commentaries on current economic conditions in the country.
EU
Data on Consumer Price Index for March is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the index is expected to be up to -0.1% from -0.2%. 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 indicator strengthens the Euro. A fall in the indicator weakens the Euro.
ECB Monetary Policy Meeting Accounts are released at 1:30 pm (GMT+2). The publication contains an overview of current economic conditions, commentaries on the recent monetary policy decisions and macroeconomic forecasts.
Canada
Data on Gross Domestic Product for January is due in Canada at 2:30 pm (GMT+2). The indicator is expected to grow from 0.2% to 0.3%. The indicator represents the change in the value of all goods and services produced by Canada in a time period. A growth in GDP strengthens the Canadian Dollar. A fall in GDP weakens the Canadian Dollar.
USA
Data on Initial Jobless Claims for the week ended 25 March is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 265K.
Claws and Horns
News of the day. 30.03.2016
Switzerland
The KOF Leading Indicator for March is due in Switzerland at 9:00 am (GMT+2). The indicator is expected to be down to 101.8 from 102.4 points. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading is considered as a positive factor for the economy and strengthens the Franc. A low reading, on the contrary, is perceived negative and weakens the Franc.
Germany
The Consumer Price Index for March is due in Germany at 2:00 pm (GMT+2). On a year-over-year basis, an increase from 0.0% to 0.2% is expected. CPI is the key indicator of inflation in the country which represents the change in the value of the basket of goods and services. A positive reading strengthens the Euro. A negative reading weakens the Euro.
USA
Data on Employment Change for March is due in the US at 2:15 pm (GMT+2). Analysts forecast a decline from 214 K to 194 K. The indicator represents employment change in non-agricultural sectors basing on data from about 500 thousands companies in the US. A high reading strengthens the US Dollar. A low reading and values below expectations weaken the US Dollar.
Switzerland
The KOF Leading Indicator for March is due in Switzerland at 9:00 am (GMT+2). The indicator is expected to be down to 101.8 from 102.4 points. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading is considered as a positive factor for the economy and strengthens the Franc. A low reading, on the contrary, is perceived negative and weakens the Franc.
Germany
The Consumer Price Index for March is due in Germany at 2:00 pm (GMT+2). On a year-over-year basis, an increase from 0.0% to 0.2% is expected. CPI is the key indicator of inflation in the country which represents the change in the value of the basket of goods and services. A positive reading strengthens the Euro. A negative reading weakens the Euro.
USA
Data on Employment Change for March is due in the US at 2:15 pm (GMT+2). Analysts forecast a decline from 214 K to 194 K. The indicator represents employment change in non-agricultural sectors basing on data from about 500 thousands companies in the US. A high reading strengthens the US Dollar. A low reading and values below expectations weaken the US Dollar.