Claws and Horns
News of the day. 24.05.2016
Australia
RBA’s Governor Glenn Stevens Speech is due in Australia at 5:05 am (GMT+2). He will give his commentaries on current economic conditions in Australia.
Germany
Data on the GDP is due in Germany at 8:00 am (GMT+2). In the first quarter, the index is expected to remain unchanged at 0.7%. Represents the value of all goods and services creased in Germany during the year. A high reading strengthens the EUR. A low reading weakens the EUR.
The ZEW Survey – Economic Sentiment is due in Germany at 11:00 am (GMT+2). In May, the index is expected to grow from 11.2 to 12.0 points. The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of the leading financial experts in Europe who give their opinion on current economic conditions in the eurozone. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
The ZEW Survey – Current Situation is due in Germany at 11:00 am (GMT+2). In May, the index is expected to grow from 47.7 to 47.9 points. The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of the leading financial experts in Europe who give their opinion on current economic conditions in the eurozone. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
UK
Data on the Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). In April, the index is expected to grow from 4.165 to 6.2 billion Pounds. The index represents the government debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote a budget surplus and strengthen the GBP.
EU
The ZEW Survey – Economic Sentiment is due in the EU at 11:00 am (GMT+2). The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of 350 leading economic experts in Europe who give their opinion on current economic conditions in the eurozone, US and Japan. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
USA
Data on New Homes Sales is due in the US at 4:00 pm (GMT+2). In April, the index is expected to grow by 2.0%, against a 1.5% decline in the previous month. It is an important indicator of the US property market. A growth in the index represents economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Australia
RBA’s Governor Glenn Stevens Speech is due in Australia at 5:05 am (GMT+2). He will give his commentaries on current economic conditions in Australia.
Germany
Data on the GDP is due in Germany at 8:00 am (GMT+2). In the first quarter, the index is expected to remain unchanged at 0.7%. Represents the value of all goods and services creased in Germany during the year. A high reading strengthens the EUR. A low reading weakens the EUR.
The ZEW Survey – Economic Sentiment is due in Germany at 11:00 am (GMT+2). In May, the index is expected to grow from 11.2 to 12.0 points. The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of the leading financial experts in Europe who give their opinion on current economic conditions in the eurozone. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
The ZEW Survey – Current Situation is due in Germany at 11:00 am (GMT+2). In May, the index is expected to grow from 47.7 to 47.9 points. The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of the leading financial experts in Europe who give their opinion on current economic conditions in the eurozone. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
UK
Data on the Public Sector Net Borrowing is due in the UK at 10:30 am (GMT+2). In April, the index is expected to grow from 4.165 to 6.2 billion Pounds. The index represents the government debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote a budget surplus and strengthen the GBP.
EU
The ZEW Survey – Economic Sentiment is due in the EU at 11:00 am (GMT+2). The index is published by the Centre for European Economic Research (ZEW) on a basis of a survey of 350 leading economic experts in Europe who give their opinion on current economic conditions in the eurozone, US and Japan. Positive readings indicate their positive view on the economy and strengthen the EUR. Negative readings represents pessimistic views and weaken the EUR.
USA
Data on New Homes Sales is due in the US at 4:00 pm (GMT+2). In April, the index is expected to grow by 2.0%, against a 1.5% decline in the previous month. It is an important indicator of the US property market. A growth in the index represents economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 23.05.2016
Japan
Data on the Merchandise Trade Balance Total is due at 1:50 am (GMT+2) in Japan. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the JPY. Negative values represent the balance deficit and weaken the JPY.
Data on Imports is due at 1:50 am (GMT+2) in Japan. In April, the index is expected to fall from -14.9% to -19.0%. The indicator represents the total amount of imported goods and services.
Data on Exports is due at 1:50 am (GMT+2) in Japan. In April, the index is expected to fall from -6.8% to -10.0%. The indicator represents the total amount of exported goods and services.
Germany
Data on the Markit Manufacturing PMI is due in Germany at 9:55 am (GMT+2). In May, the index is expected to grow from 51.8 to 52.0 points. The index represents the state of the manufacturing sector and its growth perspectives. One of the key indicators of the state of the German economy. 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
Data on the Markit Services PMI is due at 10:00 am (GMT+2) in the EU. In May, the index is expected to increase from 53.1 to 53.2 points. The index represents the state of the services sector and its growth perspectives. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
Data on the Markit Manufacturing PMI is due at 10:00 am (GMT+2) in the EU. In May, the index is expected to grow from 51.7 to 51.9 points. The index represents the state of the manufacturing sector and its growth perspectives. 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 Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The index represents current economic conditions in the manufacturing 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.
Japan
Data on the Merchandise Trade Balance Total is due at 1:50 am (GMT+2) in Japan. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the JPY. Negative values represent the balance deficit and weaken the JPY.
Data on Imports is due at 1:50 am (GMT+2) in Japan. In April, the index is expected to fall from -14.9% to -19.0%. The indicator represents the total amount of imported goods and services.
Data on Exports is due at 1:50 am (GMT+2) in Japan. In April, the index is expected to fall from -6.8% to -10.0%. The indicator represents the total amount of exported goods and services.
Germany
Data on the Markit Manufacturing PMI is due in Germany at 9:55 am (GMT+2). In May, the index is expected to grow from 51.8 to 52.0 points. The index represents the state of the manufacturing sector and its growth perspectives. One of the key indicators of the state of the German economy. 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
Data on the Markit Services PMI is due at 10:00 am (GMT+2) in the EU. In May, the index is expected to increase from 53.1 to 53.2 points. The index represents the state of the services sector and its growth perspectives. A reading above 50 is perceived as positive and strengthens the EUR. A reading below 50 is perceived as negative and weakens the EUR.
Data on the Markit Manufacturing PMI is due at 10:00 am (GMT+2) in the EU. In May, the index is expected to grow from 51.7 to 51.9 points. The index represents the state of the manufacturing sector and its growth perspectives. 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 Markit Manufacturing PMI is due in the US at 3:45 pm (GMT+2). The index represents current economic conditions in the manufacturing 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.
Claws and Horns
News of the day. 20.05.2016
Germany
Data on the Producer Price Index is due in Germany at 8:00 am (GMT+2). The index represents the wholesale prices change and captures an increase in the cost of production that leads to the increase in prices for the final products. In April, on a month-to-month basis the index is expected to come out at 0.1%. On a year-to-year basis the index will grow from -3.1% to -3.0%. The change cannot be seen as significant but if confirmed, the Euro could strengthen.
Canada
April data on the on the Consumer Price Index – Core is due at 2:30 pm (GMT+2) in Canada. Unlike the CPI, the Core index does not include prices for food and energy as the most volatile. According to forecasts, on a month-to-month basis the index will fall from 0.7% to 0.1%, while on a year-to-year basis it will remain unchanged at 2.1%. Forecasts realisation could weaken the CAD.
April data on the Consumer Price Index is due at 2:30 pm (GMT+2) in Canada. The index represent a change in retail prices for goods and services from the consumer basket and is the main inflation indicator. Forecasts are mixed. On a month-to-month basis, the index is expected to fall from 0.6% to 0.3%, while on a year-to-year basis it will grow from 1.3% to 1.7%. It is worth noting that the index remains far from its 2% level and thus could pressure the CAD.
March data on Retail Sales is due at 2:30 pm (GMT+2) in Canada. The index represents the dynamics of consumer spending and demand, while consumption makes up a significant part of the GDP. Forecasts are gloom. Retail Sales and Retail Sales ex Autos are expected to substantially decline, from 0.4% to -0.7% and from 0.2% to -0.5%, respectively, that might pressure the CAD.
Germany
Data on the Producer Price Index is due in Germany at 8:00 am (GMT+2). The index represents the wholesale prices change and captures an increase in the cost of production that leads to the increase in prices for the final products. In April, on a month-to-month basis the index is expected to come out at 0.1%. On a year-to-year basis the index will grow from -3.1% to -3.0%. The change cannot be seen as significant but if confirmed, the Euro could strengthen.
Canada
April data on the on the Consumer Price Index – Core is due at 2:30 pm (GMT+2) in Canada. Unlike the CPI, the Core index does not include prices for food and energy as the most volatile. According to forecasts, on a month-to-month basis the index will fall from 0.7% to 0.1%, while on a year-to-year basis it will remain unchanged at 2.1%. Forecasts realisation could weaken the CAD.
April data on the Consumer Price Index is due at 2:30 pm (GMT+2) in Canada. The index represent a change in retail prices for goods and services from the consumer basket and is the main inflation indicator. Forecasts are mixed. On a month-to-month basis, the index is expected to fall from 0.6% to 0.3%, while on a year-to-year basis it will grow from 1.3% to 1.7%. It is worth noting that the index remains far from its 2% level and thus could pressure the CAD.
March data on Retail Sales is due at 2:30 pm (GMT+2) in Canada. The index represents the dynamics of consumer spending and demand, while consumption makes up a significant part of the GDP. Forecasts are gloom. Retail Sales and Retail Sales ex Autos are expected to substantially decline, from 0.4% to -0.7% and from 0.2% to -0.5%, respectively, that might pressure the CAD.
Claws and Horns
Meet CLAWS&HORNS at the IFX EXPO 2016 in Limassol, Cyprus!
Claws&Horns is excited to announce that we will be attending the iFXEXPO in Limassol for the second year running, at the Palais des Sports - Spyros Kyprianou Stadium, on the 24th-26th of May 2016.
Claws and Horns Analytical portal was successfully launched in 2014. The service enables brokers to provide their Clients with a complete analytical solution, where Clients can access everything in one place, enhancing their overall trading experience and encouraging them to become more and more active.
The analytical services provided include an economic calendar, technical, fundamental, and wave analyses, weekly video reviews, highly accurate signals and live analysts to answers all of your Clients questions. The service is directly integrated into the MT4/5 trading platforms, and can also be used in the personal Clients area. Additionally, we've made the service available on mobile app for your Clients who trade 'on the go', covering all bases and ensuring complete accessibility.
With no limits on the number of users, and exceptionally competitive packages, we are certain that Claws&Horns analytical service is the solution that you’ve been searching for!
We look forward to seeing you at BOOTH 34 for a full presentation. Let us show you how to save your time, money, and effort!
If you would like to pre-book a presentation slot, please write us an email at info@clawshorns.com or phone on + 357 25 722 357
We look forward to seeing you there!
Claws&Horns is excited to announce that we will be attending the iFXEXPO in Limassol for the second year running, at the Palais des Sports - Spyros Kyprianou Stadium, on the 24th-26th of May 2016.
Claws and Horns Analytical portal was successfully launched in 2014. The service enables brokers to provide their Clients with a complete analytical solution, where Clients can access everything in one place, enhancing their overall trading experience and encouraging them to become more and more active.
The analytical services provided include an economic calendar, technical, fundamental, and wave analyses, weekly video reviews, highly accurate signals and live analysts to answers all of your Clients questions. The service is directly integrated into the MT4/5 trading platforms, and can also be used in the personal Clients area. Additionally, we've made the service available on mobile app for your Clients who trade 'on the go', covering all bases and ensuring complete accessibility.
With no limits on the number of users, and exceptionally competitive packages, we are certain that Claws&Horns analytical service is the solution that you’ve been searching for!
We look forward to seeing you at BOOTH 34 for a full presentation. Let us show you how to save your time, money, and effort!
If you would like to pre-book a presentation slot, please write us an email at info@clawshorns.com or phone on + 357 25 722 357
We look forward to seeing you there!
Claws and Horns
News of the day. 19.05.2016
Australia
Data on the Unemployment Rate is due in Australia at 3:30 am (GMT+2). In April, the index is expected to increase from 5.7% to 5.8%. The data represents a percentage of the total labour force that is currently unemployed. A growth in the indicator is considered a negative factor for the country’s economy and weakens the AUD. A fall in the indicator suggests economic growth and strengthens the AUD.
Japan
Data on the All Industry Activity Index for April is due in Japan at 6:30 am (GMT+2). The index represents expenditures of large manufacturers in all sectors excluding the financial one. The data is considered as 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 ex-Fuel for April is due in the UK at 10:30 am (GMT+2). According to forecasts, on a year-to-year basis the index will grow from 1.8% to 1.9% and on a month-to-month basis from -1.6% to 0.5%. The index represents prices’ dynamics in the retails sector. For more precise calculation petrol prices are excluded. Growth in retail sales is an important factor for the economy. Is considered an indicator of consumer spending. A high reading strengthens the GBP. A low reading weakens the GBP.
Data on Retail Sales for April is due in the UK at 10:30 am (GMT+2). On a year-to-year basis, the index is expected to fall from 2.7% to 2.5%, while on a month-to-month basis it will grow from -1.3% to 0.5%. The index represents prices’ dynamics in the retails sector. Growth in retail sales is an important factor for the economy. Is considered an indicator of consumer spending. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The ECB Monetary Policy Meeting Accounts are due at 1:30 pm (GMT+2). The Accounts contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic and inflation forecasts.
USA
Data on the Philadelphia Fed Manufacturing Survey is due in the US at 2:30 pm (GMT+2). In May, the index is expected to grow from -1.6 to 3.5 points. The index is based on a monthly survey of executives of the biggest manufacturing companies in Philadelphia regarding their opinion on current economic conditions and the prospects for the next 6 months. Negative values weaken the USD. Values above expectations strengthen the USD.
Data on Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). Represents the number of new unemployment claims. Published weekly on Thursdays. Allows approximating what Nonfarm Payrolls will be. A fall in the index strengthens the USD. A growth in the index weakens the USD.
The Chicago Fed National Activity Index for April is due in the US at 2:30 pm (GMT+2). The indicator of economic activity in the region. Values above zero are perceived as positive and strengthen the USD. Values below zero pressure the USD.
Data on the CB Leading Indicator is due in the US at 4:00 pm (GMT+2). In April, the index is expected to grow from 0.2% to 0.4%. The index is based on ten macroeconomic indicators characterising the state of the economy, amongst which are initial jobless claims, building permits, average working week. A positive reading strengthens the USD.
Australia
Data on the Unemployment Rate is due in Australia at 3:30 am (GMT+2). In April, the index is expected to increase from 5.7% to 5.8%. The data represents a percentage of the total labour force that is currently unemployed. A growth in the indicator is considered a negative factor for the country’s economy and weakens the AUD. A fall in the indicator suggests economic growth and strengthens the AUD.
Japan
Data on the All Industry Activity Index for April is due in Japan at 6:30 am (GMT+2). The index represents expenditures of large manufacturers in all sectors excluding the financial one. The data is considered as 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 ex-Fuel for April is due in the UK at 10:30 am (GMT+2). According to forecasts, on a year-to-year basis the index will grow from 1.8% to 1.9% and on a month-to-month basis from -1.6% to 0.5%. The index represents prices’ dynamics in the retails sector. For more precise calculation petrol prices are excluded. Growth in retail sales is an important factor for the economy. Is considered an indicator of consumer spending. A high reading strengthens the GBP. A low reading weakens the GBP.
Data on Retail Sales for April is due in the UK at 10:30 am (GMT+2). On a year-to-year basis, the index is expected to fall from 2.7% to 2.5%, while on a month-to-month basis it will grow from -1.3% to 0.5%. The index represents prices’ dynamics in the retails sector. Growth in retail sales is an important factor for the economy. Is considered an indicator of consumer spending. A high reading strengthens the GBP. A low reading weakens the GBP.
EU
The ECB Monetary Policy Meeting Accounts are due at 1:30 pm (GMT+2). The Accounts contain an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic and inflation forecasts.
USA
Data on the Philadelphia Fed Manufacturing Survey is due in the US at 2:30 pm (GMT+2). In May, the index is expected to grow from -1.6 to 3.5 points. The index is based on a monthly survey of executives of the biggest manufacturing companies in Philadelphia regarding their opinion on current economic conditions and the prospects for the next 6 months. Negative values weaken the USD. Values above expectations strengthen the USD.
Data on Initial Jobless Claims is due in the US at 2:30 pm (GMT+2). Represents the number of new unemployment claims. Published weekly on Thursdays. Allows approximating what Nonfarm Payrolls will be. A fall in the index strengthens the USD. A growth in the index weakens the USD.
The Chicago Fed National Activity Index for April is due in the US at 2:30 pm (GMT+2). The indicator of economic activity in the region. Values above zero are perceived as positive and strengthen the USD. Values below zero pressure the USD.
Data on the CB Leading Indicator is due in the US at 4:00 pm (GMT+2). In April, the index is expected to grow from 0.2% to 0.4%. The index is based on ten macroeconomic indicators characterising the state of the economy, amongst which are initial jobless claims, building permits, average working week. A positive reading strengthens the USD.
Claws and Horns
News of the day. 18.05.2016
New Zealand
RBNZ Governor Wheeler Speech is due in New Zealand at 2:00 am (GMT+2). Graeme Wheeler has been the Governor of the Reserve Bank of New Zealand since September 2012. In his speech, he gives commentaries regarding current economic conditions and monetary policy in the country.
Australia
RBA Assist Gov Debelle Speech is due in Australia at 3:00 am (GMT+2). Guy Debelle is the Assistant Governor at the Reserve Bank of Australia. He has oversight over Bank operations in the domestic and global financial markets.
EU
The Non-monetary policy’s ECB meeting is due at 9:00 am (GMT+2). The Governing Council of the ECB holds its meeting regarding current economic conditions. The publication of the results can lead to volatility increase on the market. Note: Monetary policy meetings are held every 6 weeks. Non-monetary policy meetings are held once a month.
Data on the Consumer Price Index for April is due in the EU at 11:00 am (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at -0.2%. The key indicator of inflation in the eurozone. Represents the change in the value of the basket of goods and services for a period. A growth in the indicator strengthens the EUR. A fall in the indicator weakens the EUR.
USA
The Federal Open Market Committee Minutes are due at 8:00 pm (GMT+2) in the US. The committee gives their opinion on current economic conditions in the US and decides on the direction of monetary policy.
New Zealand
RBNZ Governor Wheeler Speech is due in New Zealand at 2:00 am (GMT+2). Graeme Wheeler has been the Governor of the Reserve Bank of New Zealand since September 2012. In his speech, he gives commentaries regarding current economic conditions and monetary policy in the country.
Australia
RBA Assist Gov Debelle Speech is due in Australia at 3:00 am (GMT+2). Guy Debelle is the Assistant Governor at the Reserve Bank of Australia. He has oversight over Bank operations in the domestic and global financial markets.
EU
The Non-monetary policy’s ECB meeting is due at 9:00 am (GMT+2). The Governing Council of the ECB holds its meeting regarding current economic conditions. The publication of the results can lead to volatility increase on the market. Note: Monetary policy meetings are held every 6 weeks. Non-monetary policy meetings are held once a month.
Data on the Consumer Price Index for April is due in the EU at 11:00 am (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at -0.2%. The key indicator of inflation in the eurozone. Represents the change in the value of the basket of goods and services for a period. A growth in the indicator strengthens the EUR. A fall in the indicator weakens the EUR.
USA
The Federal Open Market Committee Minutes are due at 8:00 pm (GMT+2) in the US. The committee gives their opinion on current economic conditions in the US and decides on the direction of monetary policy.
Claws and Horns
News of the day. 17.05.2016
Australia
The RBA Meetings Minutes are due in Australia at 3:30 am (GMT+2). The minutes of the RBA monetary policy meetings are released two weeks after each meeting. The publication contains commentaries regarding the most recent decisions as well as the information about votes of each individual member of the Board.
Japan
Data on the Industrial Production for March is due in Japan at 6:30 am (GMT+2). The indicator represents changes in industrial output in Japan. Data on industrial production 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.
UK
Data on the Consumer Price Index for April is due in the UK at 10:30 am (GMT+2). According to forecasts, on a month-to-month basis, the index will fall from 0.4% to 0.3%, and on a year-to-year basis, it will remain unchanged at 0.5%. One of the key indicators of inflation in the country. Represents the change in prices for goods and services. A high reading strengthens the GBP. A low reading weakens the GBP.
The Producer Price Index – Input is due in the UK at 10:30 am (GMT+2). The index represents the price change for goods acquired by the British companies. A growth in the index supports the GBP. A fall in the index pressures the GBP.
The Producer Price Index – Output is due in the UK at 10:30 am (GMT+2). The index represents the price change for goods produced by the British companies. A growth in the index supports the GBP. A fall in the index pressures the GBP.
EU
Data on the Trade Balance for March 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.
USA
Data on the Consumer Price Index ex Food and Energy for April is due in the US at 2:30 pm (GMT+2). Represents the change in the value of the basket of goods and services excluding food and energy. Is considered more precise without these components. A positive reading strengthens the USD. A negative reading weakens the USD.
Data on the Consumer Price Index for April is due in the US at 2:30 pm (GMT+2). On a month-to-month basis, the index is expected to grow from 0.1% to 0.4%, and on a year-to-year basis – from 0.9% to 1.0%. The key indicator of inflation in the country. 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.
Data on Building Permits is due at 2:30 pm (GMT+2) in the US. In April, the index is expected to grow from 1.086 million to 1.123 million. The index shows the number of approved permits for building of new houses. Building volumes have close connections with consumer income. Thus, a growth in the index represents economic growth. High values strengthen the USD.
Data on the Industrial Production for April is due in the US at 3:15 pm (GMT+2). On a month-to-month basis, the index is expected to increase from -0.6% to 0.2%. Represents industrial output in the US. It is one of the major indicators of the state of the national economy. Has a high impact on the market. A growth in the index supports the USD. A fall in the index pressures the USD.
Data on the Capacity Utilization is due in the US at 3:15 pm (GMT+2). In April, the index is expected to grow from 74.8% to 74.9%. This is the percentage expression of the production capacity utilisation in the economy of the country. Represents economic growth and the level of demand. 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.
Australia
The RBA Meetings Minutes are due in Australia at 3:30 am (GMT+2). The minutes of the RBA monetary policy meetings are released two weeks after each meeting. The publication contains commentaries regarding the most recent decisions as well as the information about votes of each individual member of the Board.
Japan
Data on the Industrial Production for March is due in Japan at 6:30 am (GMT+2). The indicator represents changes in industrial output in Japan. Data on industrial production 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.
UK
Data on the Consumer Price Index for April is due in the UK at 10:30 am (GMT+2). According to forecasts, on a month-to-month basis, the index will fall from 0.4% to 0.3%, and on a year-to-year basis, it will remain unchanged at 0.5%. One of the key indicators of inflation in the country. Represents the change in prices for goods and services. A high reading strengthens the GBP. A low reading weakens the GBP.
The Producer Price Index – Input is due in the UK at 10:30 am (GMT+2). The index represents the price change for goods acquired by the British companies. A growth in the index supports the GBP. A fall in the index pressures the GBP.
The Producer Price Index – Output is due in the UK at 10:30 am (GMT+2). The index represents the price change for goods produced by the British companies. A growth in the index supports the GBP. A fall in the index pressures the GBP.
EU
Data on the Trade Balance for March 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.
USA
Data on the Consumer Price Index ex Food and Energy for April is due in the US at 2:30 pm (GMT+2). Represents the change in the value of the basket of goods and services excluding food and energy. Is considered more precise without these components. A positive reading strengthens the USD. A negative reading weakens the USD.
Data on the Consumer Price Index for April is due in the US at 2:30 pm (GMT+2). On a month-to-month basis, the index is expected to grow from 0.1% to 0.4%, and on a year-to-year basis – from 0.9% to 1.0%. The key indicator of inflation in the country. 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.
Data on Building Permits is due at 2:30 pm (GMT+2) in the US. In April, the index is expected to grow from 1.086 million to 1.123 million. The index shows the number of approved permits for building of new houses. Building volumes have close connections with consumer income. Thus, a growth in the index represents economic growth. High values strengthen the USD.
Data on the Industrial Production for April is due in the US at 3:15 pm (GMT+2). On a month-to-month basis, the index is expected to increase from -0.6% to 0.2%. Represents industrial output in the US. It is one of the major indicators of the state of the national economy. Has a high impact on the market. A growth in the index supports the USD. A fall in the index pressures the USD.
Data on the Capacity Utilization is due in the US at 3:15 pm (GMT+2). In April, the index is expected to grow from 74.8% to 74.9%. This is the percentage expression of the production capacity utilisation in the economy of the country. Represents economic growth and the level of demand. 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.
Claws and Horns
News of the day. 16.05.2016
USA
Data on the NAHB Housing Market Index is due in the US at 4:00 pm (GMT+2). In May, the index is expected to increase from 58 to 59 points. The index is based on a survey of randomly sampled homeowners aiming at estimating a current market value of their property and its dynamics for the next 6 months. A value above 50 represents favourable situation on the property market as participants find house prices acceptable.
Canada
The Bank of Canada Review is due at 4:30 pm (GMT+2). The report contains information on current economic conditions and monetary policy of the central bank.
USA
Data on the NAHB Housing Market Index is due in the US at 4:00 pm (GMT+2). In May, the index is expected to increase from 58 to 59 points. The index is based on a survey of randomly sampled homeowners aiming at estimating a current market value of their property and its dynamics for the next 6 months. A value above 50 represents favourable situation on the property market as participants find house prices acceptable.
Canada
The Bank of Canada Review is due at 4:30 pm (GMT+2). The report contains information on current economic conditions and monetary policy of the central bank.
Claws and Horns
News of the day. 13.05.2016
Japan
At 5:30 am (GMT+2), the Governor of the Bank of Japan Haruhiko Kuroda is holding a press conference regarding monetary policy.
The Tertiary Industry Index for March is due in Japan at 6:30 am (GMT+2). The index represents current economic conditions in the service sector. A growth in the index is considered a positive signal and strengthens the Yen. A low reading is considered a negative factor and weakens the Yen.
Germany
Data on Germany’s gross domestic product for the first quarter is due at 8:00 am (GMT+2). The indicator is expected to grow from 0.3% to 0.6% on a quarterly basis. The data on GDP represents the value of all goods and services created in Germany during a period. A high reading strengthens the Euro. A low reading weakens the Euro.
The Consumer Price Index for April is due in Germany at 8:00 am (GMT+2). The indicator is expected to be down both in annual and monthly terms, from 0.1% to -0.1% and from -0.2% to -0.4% respectively. The index represents the change in prices for goods and services for households and is considered the key indicator of inflation. A growth in the index strengthens the Euro. A fall in the index weakens the Euro.
EU
Data on gross domestic product for the first quarter is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged both in quarterly and annual terms, at 0.6% and 1.6% respectively. The data on GDP represents the value of all goods and services created in the eurozone during a period. A high reading strengthens the Euro. A low reading weakens the Euro.
USA
Data on Retail Sales for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.3% to 0.8% in monthly terms. It is an indicator of consumer expenditures. 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 is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.2% to 0.5% in April. It is the most precise indicator of consumer expenditures. 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.
Japan
At 5:30 am (GMT+2), the Governor of the Bank of Japan Haruhiko Kuroda is holding a press conference regarding monetary policy.
The Tertiary Industry Index for March is due in Japan at 6:30 am (GMT+2). The index represents current economic conditions in the service sector. A growth in the index is considered a positive signal and strengthens the Yen. A low reading is considered a negative factor and weakens the Yen.
Germany
Data on Germany’s gross domestic product for the first quarter is due at 8:00 am (GMT+2). The indicator is expected to grow from 0.3% to 0.6% on a quarterly basis. The data on GDP represents the value of all goods and services created in Germany during a period. A high reading strengthens the Euro. A low reading weakens the Euro.
The Consumer Price Index for April is due in Germany at 8:00 am (GMT+2). The indicator is expected to be down both in annual and monthly terms, from 0.1% to -0.1% and from -0.2% to -0.4% respectively. The index represents the change in prices for goods and services for households and is considered the key indicator of inflation. A growth in the index strengthens the Euro. A fall in the index weakens the Euro.
EU
Data on gross domestic product for the first quarter is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged both in quarterly and annual terms, at 0.6% and 1.6% respectively. The data on GDP represents the value of all goods and services created in the eurozone during a period. A high reading strengthens the Euro. A low reading weakens the Euro.
USA
Data on Retail Sales for April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from -0.3% to 0.8% in monthly terms. It is an indicator of consumer expenditures. 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 is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.2% to 0.5% in April. It is the most precise indicator of consumer expenditures. 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.
Claws and Horns
News of the day. 12.05.2016
Japan
The Eco Watchers Survey for April is released 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.
The Eco Watchers Survey for April is released 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
The Wholesale Price Index for April is due in Germany at 8:00 am (GMT+2). 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 Euro. A fall in the index weakens the Euro.
EU
Data on Industrial Production for March is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow both in monthly and annual terms, from -0.8% to 0.0% and from 0.8% to 1.1% respectively. The indicator represents changes in industrial output and is considered one of the major indicators of the state of the economy. A high reading strengthens the Euro. A low reading weakens the Euro.
UK
The Bank of England announces its interest rate decision at 1:00 pm (GMT+2). The Regulator is expected to keep interest rates unchanged at 0.5%. Depending on the current economic situation and the level of inflation, the Bank of England makes its decision on interest rates. A rate increase strengthens the Pound. If interest rates remain unchanged or get cut, the Pound weakens.
Data on the Bank of England Asset Purchase Facility is due in the UK at 1:00 pm (GMT+2). The indicator is expected to remain unchanged at £375 billion in May. The indicator represents the amount of money the Bank of England is planning to inject in the economy via bond purchases on the open market. The instrument is also called Quantitative Easing.
USA
The Export Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.0% to 0.1% in March. The index represents the price change for goods and services exported from the US.
The Import Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.2% to 0.5% in March. The index represents the price change for goods and services imported in the US. It is considered an indicator of inflation. A high reading strengthens the US Dollar. A low reading, on the contrary, weakens the US Dollar.
Japan
The Eco Watchers Survey for April is released 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.
The Eco Watchers Survey for April is released 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
The Wholesale Price Index for April is due in Germany at 8:00 am (GMT+2). 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 Euro. A fall in the index weakens the Euro.
EU
Data on Industrial Production for March is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow both in monthly and annual terms, from -0.8% to 0.0% and from 0.8% to 1.1% respectively. The indicator represents changes in industrial output and is considered one of the major indicators of the state of the economy. A high reading strengthens the Euro. A low reading weakens the Euro.
UK
The Bank of England announces its interest rate decision at 1:00 pm (GMT+2). The Regulator is expected to keep interest rates unchanged at 0.5%. Depending on the current economic situation and the level of inflation, the Bank of England makes its decision on interest rates. A rate increase strengthens the Pound. If interest rates remain unchanged or get cut, the Pound weakens.
Data on the Bank of England Asset Purchase Facility is due in the UK at 1:00 pm (GMT+2). The indicator is expected to remain unchanged at £375 billion in May. The indicator represents the amount of money the Bank of England is planning to inject in the economy via bond purchases on the open market. The instrument is also called Quantitative Easing.
USA
The Export Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.0% to 0.1% in March. The index represents the price change for goods and services exported from the US.
The Import Price Index is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.2% to 0.5% in March. The index represents the price change for goods and services imported in the US. It is considered an indicator of inflation. A high reading strengthens the US Dollar. A low reading, on the contrary, weakens the US Dollar.
Claws and Horns
News of the day. 11.05.2016
Australia
Data on Home Loans is due at 3:30 am (GMT+2) in Australia. In March, the index is expected to decline from 1.5% to -1.5%. The index represents the number newly issued mortgages. It is one of the key indicators of the property market. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
Data on Investment Lending for Homes for March is due at 3:30 am (GMT+2) in Australia. The indicator represents the number of long-term home construction loans. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
UK
Data on Industrial Production for March is due at 10:30 am (GMT+2) in the UK. On a month-to-month basis, the index is expected to grow from -0.3% to 0.4%, and on a year-to-year basis – from -0.5% to -0.4%. The index represents industrial output in the UK. It is one of the major indicators of the state of the national economy. The index includes manufacturing, mining and utilities. A growth in the index supports the GBP. A fall in the index weakens the GBP.
The NIESR GDP Estimate is due at 4:00 pm (GMT+2) in the UK. The report is published by the National Institute for Economic and Social Research. Tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A positive reading strengthens the GBP. A negative reading weakens the GBP.
USA
The Monthly Budget Statement is due at 8:00 pm (GMT+2) in the US. It represents the difference between 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 USD, and negative values weaken the USD.
Australia
Data on Home Loans is due at 3:30 am (GMT+2) in Australia. In March, the index is expected to decline from 1.5% to -1.5%. The index represents the number newly issued mortgages. It is one of the key indicators of the property market. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
Data on Investment Lending for Homes for March is due at 3:30 am (GMT+2) in Australia. The indicator represents the number of long-term home construction loans. A growth in the index strengthens the AUD. A fall in the index weakens the AUD.
UK
Data on Industrial Production for March is due at 10:30 am (GMT+2) in the UK. On a month-to-month basis, the index is expected to grow from -0.3% to 0.4%, and on a year-to-year basis – from -0.5% to -0.4%. The index represents industrial output in the UK. It is one of the major indicators of the state of the national economy. The index includes manufacturing, mining and utilities. A growth in the index supports the GBP. A fall in the index weakens the GBP.
The NIESR GDP Estimate is due at 4:00 pm (GMT+2) in the UK. The report is published by the National Institute for Economic and Social Research. Tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A positive reading strengthens the GBP. A negative reading weakens the GBP.
USA
The Monthly Budget Statement is due at 8:00 pm (GMT+2) in the US. It represents the difference between 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 USD, and negative values weaken the USD.
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Claws and Horns
News of the day. 10.05.2016
Germany
Data on Imports and Exports for March is due at 8:00 am (GMT+2) in Germany. Imports represent a change in the volumes of imported goods and services. Exports represent a change in the volumes of exported goods and services.
Data on the Trade Balance is due at 8:00 am (GMT+2) in Germany. In March, the balance surplus is expected to grow from 19.8 to 20.4 billion Euro. Represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values represent the balance deficit and weaken the EUR.
New Zealand
RBNZ Governor Wheeler Speech is due at 11:00 pm (GMT+2). Graeme Wheeler is the Governor of the Reserve Bank of New Zealand since September 2012. He will give commentaries on current economic conditions and monetary policy.
Germany
Data on Imports and Exports for March is due at 8:00 am (GMT+2) in Germany. Imports represent a change in the volumes of imported goods and services. Exports represent a change in the volumes of exported goods and services.
Data on the Trade Balance is due at 8:00 am (GMT+2) in Germany. In March, the balance surplus is expected to grow from 19.8 to 20.4 billion Euro. Represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values represent the balance deficit and weaken the EUR.
New Zealand
RBNZ Governor Wheeler Speech is due at 11:00 pm (GMT+2). Graeme Wheeler is the Governor of the Reserve Bank of New Zealand since September 2012. He will give commentaries on current economic conditions and monetary policy.
Claws and Horns
News of the day. 09.05.2016
Switzerland
Data on the Consumer Price Index for April is due in Switzerland at 10:15 am (GMT+2). The index represents changes in prices of goods and services for household consumption and is considered the key indicator of inflation. A growth in the index strengthens the CHF, while a fall weakens the CHF.
Canada
Data on the Housing Starts for April is due in Canada at 3:15 pm (GMT+2). The index is published by Canada Mortgage and Housing Corporation and represents the number of housing starts for single-family homes. Construction volumes are closely linked to the population income, thus a growth in the index indicates economy growth. A high reading strengthens the CAD. A low reading weakens the CAD.
USA
The Labor Market Conditions Index for April is due in the US at 5:00 pm (GMT+2). The index is developed by Fed economists and is made up of 19 different indicators describing the labour market. The index is one of the major indicators of the US economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Switzerland
Data on the Consumer Price Index for April is due in Switzerland at 10:15 am (GMT+2). The index represents changes in prices of goods and services for household consumption and is considered the key indicator of inflation. A growth in the index strengthens the CHF, while a fall weakens the CHF.
Canada
Data on the Housing Starts for April is due in Canada at 3:15 pm (GMT+2). The index is published by Canada Mortgage and Housing Corporation and represents the number of housing starts for single-family homes. Construction volumes are closely linked to the population income, thus a growth in the index indicates economy growth. A high reading strengthens the CAD. A low reading weakens the CAD.
USA
The Labor Market Conditions Index for April is due in the US at 5:00 pm (GMT+2). The index is developed by Fed economists and is made up of 19 different indicators describing the labour market. The index is one of the major indicators of the US economic growth. A high reading strengthens the USD. A low reading weakens the USD.
Claws and Horns
News of the day. 06.05.2016
Australia
The Reserve Bank of Australia releases its Monetary Policy Statement at 2:30 am (GMT+2). The statement on monetary policy contains an overview of current economic conditions as well as of factors which have lead to certain monetary policy stance adopted by the central bank. It has an impact on future interest rate decision.
Canada
Data on Unemployment Rate is due in Canada at 2:30 pm (GMT+2). The indicator is expected to be up from 7.1% to 7.2%. The data is published by Statistics Canada and shows the number of unemployed as a percentage of the total labour force. A growth in the indicator represents a slowdown of the economy and weakens the Canadian Dollar. A fall in the indicator supports the national economy growth and strengthens the Canadian Dollar.
The Ivey Purchasing Managers Index for April is due in Canada at 4:00 pm (GMT+2). The index is published by the Richard Ivey School of Business. Assesses current economic conditions in the country. Values above 50 represent business activity growth and strengthen the Canadian Dollar. Values below 50 represent a contraction in business activity and weaken the Canadian Dollar.
USA
Data on Unemployment Rate is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 5% in April. One of the key macroeconomic indicators. Represents the share of unemployment in the total labour force. A growth in the indicator weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Average Weekly Hours is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 34.4 to 34.5 in April. The data shows the average length of the working week during one month.
Data on Nonfarm Payrolls is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 215K to 200K in April. One of the main indicators of employment in the US. Shows the number of employed in non-agricultural sectors. Has a high impact on the market. A high reading represents employment growth and strengthens the US Dollar. A low reading weakens the US Dollar.
Australia
The Reserve Bank of Australia releases its Monetary Policy Statement at 2:30 am (GMT+2). The statement on monetary policy contains an overview of current economic conditions as well as of factors which have lead to certain monetary policy stance adopted by the central bank. It has an impact on future interest rate decision.
Canada
Data on Unemployment Rate is due in Canada at 2:30 pm (GMT+2). The indicator is expected to be up from 7.1% to 7.2%. The data is published by Statistics Canada and shows the number of unemployed as a percentage of the total labour force. A growth in the indicator represents a slowdown of the economy and weakens the Canadian Dollar. A fall in the indicator supports the national economy growth and strengthens the Canadian Dollar.
The Ivey Purchasing Managers Index for April is due in Canada at 4:00 pm (GMT+2). The index is published by the Richard Ivey School of Business. Assesses current economic conditions in the country. Values above 50 represent business activity growth and strengthen the Canadian Dollar. Values below 50 represent a contraction in business activity and weaken the Canadian Dollar.
USA
Data on Unemployment Rate is due in the US at 2:30 pm (GMT+2). The indicator is expected to remain unchanged at 5% in April. One of the key macroeconomic indicators. Represents the share of unemployment in the total labour force. A growth in the indicator weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Average Weekly Hours is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 34.4 to 34.5 in April. The data shows the average length of the working week during one month.
Data on Nonfarm Payrolls is due in the US at 2:30 pm (GMT+2). The indicator is expected to fall from 215K to 200K in April. One of the main indicators of employment in the US. Shows the number of employed in non-agricultural sectors. Has a high impact on the market. A high reading represents employment growth and strengthens the US Dollar. A low reading weakens the US Dollar.
Claws and Horns
News of the day. 05.05.2016
Australia
Data on New Home Sales from the Housing Industry Association (HIA) for March is due at 3:00 am (GMT+2) in Australia. The index represents the change in the number of new home sales. A growth in the index suggests economic growth and strengthens the AUD. A fall in the index weakens the AUD.
Data on Imports and Exports for March is due at 3:30 am (GMT+2) in Australia. It contains information about purchases, barter, receipts of gifts and grants of goods and services between residents and non-residents.
Data on the Trade Balance is due at 3:30 am (GMT+2) in Australia. In March, the balance deficit is expected to shrink to 2.9 billion, from 3.41 billion a month earlier. The index 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 Retail Sales is due at 3:30 am (GMT+2) in Australia. In March, the index is expected to grow from 0.0% to 0.3%. The index measures the volume of sales in the retail sector. Is considered an indicator of consumer spending and economic growth. An increase in retail sales strengthens the AUD. A fall in retail sales weakens the AUD.
USA
Data on Initial Jobless Claims for the week ended 29 April is due at 2:30 pm (GMT+2) in the US. Represents the number of new unemployment claims. Published weekly on Thursdays. Allows estimating the Nonfarm payrolls figure. A fall in jobless claims strengthens the USD. A growth in the index weakens the USD.
Australia
Data on New Home Sales from the Housing Industry Association (HIA) for March is due at 3:00 am (GMT+2) in Australia. The index represents the change in the number of new home sales. A growth in the index suggests economic growth and strengthens the AUD. A fall in the index weakens the AUD.
Data on Imports and Exports for March is due at 3:30 am (GMT+2) in Australia. It contains information about purchases, barter, receipts of gifts and grants of goods and services between residents and non-residents.
Data on the Trade Balance is due at 3:30 am (GMT+2) in Australia. In March, the balance deficit is expected to shrink to 2.9 billion, from 3.41 billion a month earlier. The index 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 Retail Sales is due at 3:30 am (GMT+2) in Australia. In March, the index is expected to grow from 0.0% to 0.3%. The index measures the volume of sales in the retail sector. Is considered an indicator of consumer spending and economic growth. An increase in retail sales strengthens the AUD. A fall in retail sales weakens the AUD.
USA
Data on Initial Jobless Claims for the week ended 29 April is due at 2:30 pm (GMT+2) in the US. Represents the number of new unemployment claims. Published weekly on Thursdays. Allows estimating the Nonfarm payrolls figure. A fall in jobless claims strengthens the USD. A growth in the index weakens the USD.
Claws and Horns
News of the day. 04.05.2016
EU
The Non-monetary policy’s ECB meeting is due at 9:00 am (GMT+2), at which participants will consider current economic conditions. Meeting results could lead to an increase in volatility on the market. Note: monetary policy meetings frequency decreased to 6 weeks. Other meetings are scheduled on a monthly basis.
The Markit Services PMI is due at 10:00 am (GMT+2) in the EU. The index evaluates 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.
Germany
The Markit Services PMI for April is due at 9:55 am (GMT+2) in Germany. The index is expected to remain unchanged at 54.6 points. The index evaluates the state of the services sector. Is based on surveys of executives of German companies operating in the services 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.
UK
The PMI Construction for April is due at 10:30 am (GMT+2) in the UK. The index is expected to fall from 54.2 to 54.0 points. The index evaluates the state of the construction sector. Is based on surveys of 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 as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
USA
The ADP Employment Change for April is due at 2:15 pm (GMT+2) in the US. The index is expected to decline from 200 to 195 thousands. The index represents employment change in non-agricultural sectors. Is based on data from about 500 thousands companies in the US. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Data on Trade Balance for March is due at 2:30 pm (GMT+2) in the US. According to forecasts, the balance deficit will shrink from 47.06 to 41.50 billion Dollars. The index represents a 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 Markit Services PMI for April is due at 3:45 pm (GMT+2) in the US. The index is expected to remain unchanged at 52.1 points. It is based on surveys of 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 as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD
Data on Factory Orders for March is due at 4:00 pm (GMT+2) in the US. According to forecasts, the index will grow from -1.7% to 0.6%. The index represents the change in the volume of factory orders. Allows estimating the pace of growth of the industrial sector. Growth in the index strengthens the USD. Fall in the index weakens the USD.
EU
The Non-monetary policy’s ECB meeting is due at 9:00 am (GMT+2), at which participants will consider current economic conditions. Meeting results could lead to an increase in volatility on the market. Note: monetary policy meetings frequency decreased to 6 weeks. Other meetings are scheduled on a monthly basis.
The Markit Services PMI is due at 10:00 am (GMT+2) in the EU. The index evaluates 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.
Germany
The Markit Services PMI for April is due at 9:55 am (GMT+2) in Germany. The index is expected to remain unchanged at 54.6 points. The index evaluates the state of the services sector. Is based on surveys of executives of German companies operating in the services 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.
UK
The PMI Construction for April is due at 10:30 am (GMT+2) in the UK. The index is expected to fall from 54.2 to 54.0 points. The index evaluates the state of the construction sector. Is based on surveys of 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 as positive and strengthens the GBP. A reading below 50 is perceived as negative and weakens the GBP.
USA
The ADP Employment Change for April is due at 2:15 pm (GMT+2) in the US. The index is expected to decline from 200 to 195 thousands. The index represents employment change in non-agricultural sectors. Is based on data from about 500 thousands companies in the US. A high reading strengthens the USD. A low reading and values below expectations weaken the USD.
Data on Trade Balance for March is due at 2:30 pm (GMT+2) in the US. According to forecasts, the balance deficit will shrink from 47.06 to 41.50 billion Dollars. The index represents a 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 Markit Services PMI for April is due at 3:45 pm (GMT+2) in the US. The index is expected to remain unchanged at 52.1 points. It is based on surveys of 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 as positive and strengthens the USD. A reading below 50 is perceived as negative and weakens the USD
Data on Factory Orders for March is due at 4:00 pm (GMT+2) in the US. According to forecasts, the index will grow from -1.7% to 0.6%. The index represents the change in the volume of factory orders. Allows estimating the pace of growth of the industrial sector. Growth in the index strengthens the USD. Fall in the index weakens the USD.
Claws and Horns
News of the day. 03.05.2016
Australia
The RBA Rate Statement is due in Australia at 6:30 am (GMT+2). The statement contains commentaries regarding the interest rate decision.
The RBA Interest Rate Decision is due at 6:30 am (GMT+2) in Australia. A rate increase strengthens the AUD. If the rate remains unchanged or is lowered, that would pressure the AUD.
UK
Data on the PMI Construction is due in the UK at 10:30 am (GMT+2). The index is based on surveys of 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 GBP. A reading below 50 is perceived negative and weakens the GBP.
EU
Data on the Producer Price Index for March is due in the eurozone at 11:00 am (GMT+2). The index represent the price change in the wholesale sector. A high reading strengthens the Euro. A low reading weakens the Euro.
Canada
BoC Governor Poloz Speech is due at 6:30 pm (GMT+2) in Canada. Steven Poloz is the Governor of the Bank of Canada and the Chairman of the Board of Directors of the Bank since June 2013. Giving commentaries regarding current economic conditions in the country and monetary policy. Depending on the tone of his speech, his comments can either strengthen or weaken the CAD.
Australia
The RBA Rate Statement is due in Australia at 6:30 am (GMT+2). The statement contains commentaries regarding the interest rate decision.
The RBA Interest Rate Decision is due at 6:30 am (GMT+2) in Australia. A rate increase strengthens the AUD. If the rate remains unchanged or is lowered, that would pressure the AUD.
UK
Data on the PMI Construction is due in the UK at 10:30 am (GMT+2). The index is based on surveys of 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 GBP. A reading below 50 is perceived negative and weakens the GBP.
EU
Data on the Producer Price Index for March is due in the eurozone at 11:00 am (GMT+2). The index represent the price change in the wholesale sector. A high reading strengthens the Euro. A low reading weakens the Euro.
Canada
BoC Governor Poloz Speech is due at 6:30 pm (GMT+2) in Canada. Steven Poloz is the Governor of the Bank of Canada and the Chairman of the Board of Directors of the Bank since June 2013. Giving commentaries regarding current economic conditions in the country and monetary policy. Depending on the tone of his speech, his comments can either strengthen or weaken the CAD.
Claws and Horns
News of the day. 02.05.2016
Australia
The TD Securities Inflation data for April is due in Australia at 3:00 am (GMT+2). The indicator, released by the University of Melbourne, measures inflation in the country. The Reserve Bank of Australia takes this data into consideration when deciding on interest rates. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Germany
The Markit Manufacturing PMI for April is due in the Germany at 09:55 am (GMT+2). The index is one of the key indicators of Germany’s economy that represents economic conditions in the manufacturing sector and its prospects. A reading above 50 is perceived positive and strengthens the Euro. A result below 50, on the contrary, is seen as a negative signal and weakens the Euro.
EU
The Markit Manufacturing PMI for April is due in the EU at 10:00 am (GMT+2). The index represents economic conditions in the manufacturing sector and its prospects. A reading above 50 is perceived positive and strengthens the Euro. A result below 50, on the contrary, is seen as a negative signal and weakens the Euro.
UK
The Markit Manufacturing PMI for April is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the manufacturing sector. The data is based on survey responses from executives of the biggest manufacturing companies. A reading above 50 is perceived positive and strengthens the Pound. A reading below 50 indicates a slowdown of the economy and weakens the Pound.
Canada
The RBC Manufacturing PMI for April is due in Canada at 3:30 pm (GMT+2). The data is based on survey responses from executives of 400 large companies regarding their assessments of current economic conditions in the sector and its prospects. A reading above 50 represents favourable assessments and strengthens the Canadian Dollar. A reading below 50 represents pessimistic assessments and weakens the Canadian Dollar.
USA
Data on Construction Spending for April is due in the US at 4:00 pm (GMT+2). The indicator represents expenditures by construction companies on all types of construction activities. A growth in the indicator suggests economic growth and strengthens the US Dollar.
The ISM Prices Paid data for April is due in the US at 4:00 pm (GMT+2). The indicator is based on survey responses from executives of manufacturing companies and evaluates current economic conditions in the manufacturing sector.
The ISM Manufacturing PMI for April is due in the US at 4:00 pm (GMT+2). The index evaluates the overall economic conditions in the US. A reading above 50 represents economic growth and strengthens the US Dollar. A reading below 50 indicates a slowdown of the economy and weakens the US Dollar.
Australia
The TD Securities Inflation data for April is due in Australia at 3:00 am (GMT+2). The indicator, released by the University of Melbourne, measures inflation in the country. The Reserve Bank of Australia takes this data into consideration when deciding on interest rates. A growth in the indicator strengthens the Australian Dollar. A fall in the indicator weakens the Australian Dollar.
Germany
The Markit Manufacturing PMI for April is due in the Germany at 09:55 am (GMT+2). The index is one of the key indicators of Germany’s economy that represents economic conditions in the manufacturing sector and its prospects. A reading above 50 is perceived positive and strengthens the Euro. A result below 50, on the contrary, is seen as a negative signal and weakens the Euro.
EU
The Markit Manufacturing PMI for April is due in the EU at 10:00 am (GMT+2). The index represents economic conditions in the manufacturing sector and its prospects. A reading above 50 is perceived positive and strengthens the Euro. A result below 50, on the contrary, is seen as a negative signal and weakens the Euro.
UK
The Markit Manufacturing PMI for April is due in the UK at 10:30 am (GMT+2). The index evaluates the state of the manufacturing sector. The data is based on survey responses from executives of the biggest manufacturing companies. A reading above 50 is perceived positive and strengthens the Pound. A reading below 50 indicates a slowdown of the economy and weakens the Pound.
Canada
The RBC Manufacturing PMI for April is due in Canada at 3:30 pm (GMT+2). The data is based on survey responses from executives of 400 large companies regarding their assessments of current economic conditions in the sector and its prospects. A reading above 50 represents favourable assessments and strengthens the Canadian Dollar. A reading below 50 represents pessimistic assessments and weakens the Canadian Dollar.
USA
Data on Construction Spending for April is due in the US at 4:00 pm (GMT+2). The indicator represents expenditures by construction companies on all types of construction activities. A growth in the indicator suggests economic growth and strengthens the US Dollar.
The ISM Prices Paid data for April is due in the US at 4:00 pm (GMT+2). The indicator is based on survey responses from executives of manufacturing companies and evaluates current economic conditions in the manufacturing sector.
The ISM Manufacturing PMI for April is due in the US at 4:00 pm (GMT+2). The index evaluates the overall economic conditions in the US. A reading above 50 represents economic growth and strengthens the US Dollar. A reading below 50 indicates a slowdown of the economy and weakens the US Dollar.
· 1
Claws and Horns
News of the day. 29.04.2016
Australia
Guy Debelle, RBA Assistant Governor, is giving his speech at 5:45 am (GMT+2). Guy Debelle has oversight of the Bank's operations in the domestic and global financial markets
Switzerland
The KOF Leading Indicator for April is due in Switzerland at 9:00 am (GMT+2). The indicator is expected to grow from 102.5 to 102.9 points. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading strengthens the Franc. A low reading, on the contrary, weakens the Franc.
Thomas Jordan, Chairman of the Swiss National Bank, is giving a speech at 10:00 am (GMT+2). In his speech, Thomas Jordan comments on current economic conditions and monetary policy in the country. Depending on the tone, his commentaries can lead to increased volatility in the Franc.
UK
Data on Mortgage Approvals for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline from 73 871 to 72 800. The data represents the number of new approved mortgages. A growth in the indicator supports the Pound. A fall in the indicator weakens the Pound.
EU
The Consumer Price Index for April is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to be down from 0.0% to -0.1%. The CPI is the key indicator of inflation and represents the price change for the fixed basket of goods and services during a period of time. A growth in the indicator strengthens the Euro. A fall in the indicator weakens the Euro.
Data on Unemployment Rate for March is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at 10.3%. The data 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 Euro. A low reading, on the contrary, strengthens the Euro.
Canada
The Gross Domestic Product for February is due in Canada at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to be down from 0.6% to -0.1%. The data represents the price change for goods and services created in the country during a period of time. A growth in the indicator strengthens the Canadian Dollar. A fall in the indicator weakens the Canadian Dollar.
USA
The data on Personal Spending for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.1% to 0.2%. The data measures spending on services, durable goods and non-durable goods.
The data on Personal Income for March is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.2% to 0.3%. The data represents individuals’ income from different sources. A high reading strengthens the US Dollar. A low reading weakens the US Dollar. A growth in the indicator suggests consumer readiness to spend money in current economic conditions.
The Chicago Purchasing Managers' Index for April is due in the US at 3:45 pm (GMT+2). The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the US Dollar. A reading below 50 weakens the US Dollar.
Australia
Guy Debelle, RBA Assistant Governor, is giving his speech at 5:45 am (GMT+2). Guy Debelle has oversight of the Bank's operations in the domestic and global financial markets
Switzerland
The KOF Leading Indicator for April is due in Switzerland at 9:00 am (GMT+2). The indicator is expected to grow from 102.5 to 102.9 points. The data, based on 12 economic indicators, is used to assess economic conditions in Switzerland. A high reading strengthens the Franc. A low reading, on the contrary, weakens the Franc.
Thomas Jordan, Chairman of the Swiss National Bank, is giving a speech at 10:00 am (GMT+2). In his speech, Thomas Jordan comments on current economic conditions and monetary policy in the country. Depending on the tone, his commentaries can lead to increased volatility in the Franc.
UK
Data on Mortgage Approvals for March is due in the UK at 10:30 am (GMT+2). The indicator is expected to decline from 73 871 to 72 800. The data represents the number of new approved mortgages. A growth in the indicator supports the Pound. A fall in the indicator weakens the Pound.
EU
The Consumer Price Index for April is due in the EU at 11:00 am (GMT+2). On a year-over-year basis, the indicator is expected to be down from 0.0% to -0.1%. The CPI is the key indicator of inflation and represents the price change for the fixed basket of goods and services during a period of time. A growth in the indicator strengthens the Euro. A fall in the indicator weakens the Euro.
Data on Unemployment Rate for March is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at 10.3%. The data 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 Euro. A low reading, on the contrary, strengthens the Euro.
Canada
The Gross Domestic Product for February is due in Canada at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to be down from 0.6% to -0.1%. The data represents the price change for goods and services created in the country during a period of time. A growth in the indicator strengthens the Canadian Dollar. A fall in the indicator weakens the Canadian Dollar.
USA
The data on Personal Spending for March is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 0.1% to 0.2%. The data measures spending on services, durable goods and non-durable goods.
The data on Personal Income for March is due in the US at 2:30 pm (GMT+2). In monthly terms, the indicator is expected to grow from 0.2% to 0.3%. The data represents individuals’ income from different sources. A high reading strengthens the US Dollar. A low reading weakens the US Dollar. A growth in the indicator suggests consumer readiness to spend money in current economic conditions.
The Chicago Purchasing Managers' Index for April is due in the US at 3:45 pm (GMT+2). The index evaluates economic conditions in Indiana, Michigan and Illinois. A reading above 50 strengthens the US Dollar. A reading below 50 weakens the US Dollar.
· 1
Claws and Horns
News of the day. 28.04.2016
Japan
The Bank of Japan releases its Monetary Policy Statement at 5:00 am (GMT+2). It provides information about the most recent monetary policy decisions.
The Bank of Japan releases its decision on interest rates at 5:00 am (GMT+2). A rate increase strengthens the Yen. A rate decrease weakens the Yen.
Germany
The Unemployment Rate for April is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2%. The data represents a percentage of the total labour force of the country that are currently unemployed. A growth in the indicator suggests economic slowdown and weakens the Euro. A fall in the indicator, on the contrary, is a favourable factor and strengthens the Euro.
The Consumer Price Index for April is due in Germany at 2:00 pm (GMT+2). The indicator is expected to decline both in monthly and annual terms, from 0.8% to 0.2% and from 0.3% to 0.1% respectively. The index measures the price change for the fixed basket of goods and services for households and is considered the key indicator of inflation. A growth in the indicator strengthens the Euro; a fall in the indicator weakens the Euro.
EU
The Economic Sentiment Indicator is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 103.0 to 103.5 points in April. The data is based on survey responses from consumers regarding how confident they fell about the EU economy. A growth in the indicator strengthens the Euro. A fall in the indicator, on the contrary, weakens the Euro.
Data on Business Climate is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 0.11 to 0.14 points in April. The data is based on monthly survey responses from executives of companies regarding their opinion on current business conditions. A growth in the indicator represents optimistic assessments and strengthens the Euro. A decline, on the contrary, pressures the Euro.
Data on Industrial Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from -4.2 to -4.0 points in April. The data is based on survey responses from executives of industrial enterprises regarding current economic conditions in the sector. A high result represents optimistic assessments and strengthens the Euro. A low result, on the contrary, weakens the Euro.
Data on Consumer Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at -9.3% in April. The data represents how optimistic or pessimistic consumers are regarding current economic activity. A high result is perceived positive and supports the Euro. A result below the forecast pressures the Euro.
Data on Services Sentiment is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 9.6 to 10.0 points in April. The data represents current economic conditions in the service sector. A high result strengthens the Euro, while a low result weakens the Euro.
USA
Data on Personal Consumption Expenditures Prices for the first quarter is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 0.3% to 0.2%. The data represents the price change for goods and services from the consumer point of view and is considered an indicator of changes in consumption patterns and in inflation. A reading above expectations strengthens the US Dollar. A reading below expectations weakens the USD.
The Gross Domestic Product Annualized for the first quarter is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 1.4% to 0.7%. The data measures the value of all goods and services created in the US during the year and represents the pace of economic growth. A high result strengthens the US Dollar. A low result weakens the US Dollar.
Data on Continuing Jobless Claims for the week ending 28 April is due in the US at 2:30 pm (GMT+2). The data represents the number of unemployed receiving unemployment benefits and is considered an indicator of current labour market conditions. A growth in the index weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Initial Jobless Claims for the week ending 28 April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 247K to 260K. The data represents the number of new unemployment claims. The indicator is published every Thursday and allows approximating what nonfarm payrolls will be. A fall in the number of initial jobless claims strengthens the US Dollar. A growth in the indicator, on the contrary, weakens the US Dollar.
Japan
The Bank of Japan releases its Monetary Policy Statement at 5:00 am (GMT+2). It provides information about the most recent monetary policy decisions.
The Bank of Japan releases its decision on interest rates at 5:00 am (GMT+2). A rate increase strengthens the Yen. A rate decrease weakens the Yen.
Germany
The Unemployment Rate for April is due in Germany at 9:55 am (GMT+2). The indicator is expected to remain unchanged at 6.2%. The data represents a percentage of the total labour force of the country that are currently unemployed. A growth in the indicator suggests economic slowdown and weakens the Euro. A fall in the indicator, on the contrary, is a favourable factor and strengthens the Euro.
The Consumer Price Index for April is due in Germany at 2:00 pm (GMT+2). The indicator is expected to decline both in monthly and annual terms, from 0.8% to 0.2% and from 0.3% to 0.1% respectively. The index measures the price change for the fixed basket of goods and services for households and is considered the key indicator of inflation. A growth in the indicator strengthens the Euro; a fall in the indicator weakens the Euro.
EU
The Economic Sentiment Indicator is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 103.0 to 103.5 points in April. The data is based on survey responses from consumers regarding how confident they fell about the EU economy. A growth in the indicator strengthens the Euro. A fall in the indicator, on the contrary, weakens the Euro.
Data on Business Climate is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 0.11 to 0.14 points in April. The data is based on monthly survey responses from executives of companies regarding their opinion on current business conditions. A growth in the indicator represents optimistic assessments and strengthens the Euro. A decline, on the contrary, pressures the Euro.
Data on Industrial Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from -4.2 to -4.0 points in April. The data is based on survey responses from executives of industrial enterprises regarding current economic conditions in the sector. A high result represents optimistic assessments and strengthens the Euro. A low result, on the contrary, weakens the Euro.
Data on Consumer Confidence is due in the EU at 11:00 am (GMT+2). The indicator is expected to remain unchanged at -9.3% in April. The data represents how optimistic or pessimistic consumers are regarding current economic activity. A high result is perceived positive and supports the Euro. A result below the forecast pressures the Euro.
Data on Services Sentiment is due in the EU at 11:00 am (GMT+2). The indicator is expected to grow from 9.6 to 10.0 points in April. The data represents current economic conditions in the service sector. A high result strengthens the Euro, while a low result weakens the Euro.
USA
Data on Personal Consumption Expenditures Prices for the first quarter is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 0.3% to 0.2%. The data represents the price change for goods and services from the consumer point of view and is considered an indicator of changes in consumption patterns and in inflation. A reading above expectations strengthens the US Dollar. A reading below expectations weakens the USD.
The Gross Domestic Product Annualized for the first quarter is due in the US at 2:30 pm (GMT+2). The indicator is expected to decline from 1.4% to 0.7%. The data measures the value of all goods and services created in the US during the year and represents the pace of economic growth. A high result strengthens the US Dollar. A low result weakens the US Dollar.
Data on Continuing Jobless Claims for the week ending 28 April is due in the US at 2:30 pm (GMT+2). The data represents the number of unemployed receiving unemployment benefits and is considered an indicator of current labour market conditions. A growth in the index weakens the US Dollar. A fall in the indicator strengthens the US Dollar.
Data on Initial Jobless Claims for the week ending 28 April is due in the US at 2:30 pm (GMT+2). The indicator is expected to grow from 247K to 260K. The data represents the number of new unemployment claims. The indicator is published every Thursday and allows approximating what nonfarm payrolls will be. A fall in the number of initial jobless claims strengthens the US Dollar. A growth in the indicator, on the contrary, weakens the US Dollar.