News

News and Events

Date

TIME

CURRENCY

IMPACT

NEWS TITLE

FORECAST

Jul 16, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Italian Trade Balance

3.55B

4.81B

FORECAST

3.55B

4.81B

Source

Istat

Measures

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

Usual Effect

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

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

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

Why Traders care

Also Called

Jul 16, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Trade Balance

17.1B

19.4B

FORECAST

17.1B

19.4B

Source

Eurostat

Measures

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

Usual Effect

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

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

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

Why Traders care

Also Called

Jul 16, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ZEW Economic Sentiment

48.1

51.3

FORECAST

48.1

51.3

Source

ZEW

Measures

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

Usual Effect

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

Frequency

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

Frequencee's Notes

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

Why Traders care

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

Also Called

Zentrum fur Europaische Wirtschaftsforschung (ZEW);

Jul 16, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German ZEW Economic Sentiment

41.2

47.5

FORECAST

41.2

47.5

Source

ZEW

Measures

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

Usual Effect

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

Frequency

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

Frequencee's Notes

Above 0.0 indicates optimism, below indicates pessimism;

Why Traders care

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

Also Called

Zentrum fur Europaische Wirtschaftsforschung (ZEW);

Jul 16, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

ECOFIN Meetings

FORECAST

Source

European Council

Measures

Usual Effect

Frequency

Frequencee's Notes

ECOFIN meetings are usually held in Brussels and attended by Finance Ministers from EU member states. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded;

Why Traders care

ECOFIN is the Eurozone's broadest financial decision making body. The council coordinates economic policies of the 28 member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health;

Also Called

The Economic and Financial Affairs Council (ECOFIN);

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Retail Sales m/m

-0.20%

0.10%

FORECAST

-0.20%

0.10%

Source

Census Bureau

Measures

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

Usual Effect

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

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

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

Why Traders care

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

Also Called

Advance Retail Sales;

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Core Retail Sales m/m

0.10%

-0.10%

FORECAST

0.10%

-0.10%

Source

Census Bureau

Measures

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

Usual Effect

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

Frequency

Released monthly, about 16 days after the month ends;

Frequencee's Notes

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

Why Traders care

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

Also Called

Retail Sales Ex Autos;

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Import Prices m/m

0.20%

-0.40%

FORECAST

0.20%

-0.40%

Source

Bureau of Labor Statistics

Measures

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

Usual Effect

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

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

This is the earliest government-released inflation data;

Why Traders care

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

Also Called

Import Price Index;

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Business Inventories m/m

0.40%

0.30%

FORECAST

0.40%

0.30%

Source

Census Bureau

Measures

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

Usual Effect

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

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

Why Traders care

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

Also Called

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

NAHB Housing Market Index

FORECAST

Source

NAHB

Measures

Level of a diffusion index based on surveyed home builders;

Usual Effect

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

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

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

Why Traders care

Also Called

NAHB/Wells Fargo Housing Market Index;

Jul 16, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Kugler Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member Sep 2023 - Jan 2026;

Why Traders care

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

Also Called

Federal Open Market Committee (FOMC);

Jul 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Industrial Production m/m

-0.90%

-0.10%

FORECAST

-0.90%

-0.10%

Source

Eurostat

Measures

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

Usual Effect

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

Frequency

Released monthly, about 45 days after the month ends;

Frequencee's Notes

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

Why Traders care

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

Also Called

Industrial Output;

Jul 15, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

Eurogroup Meetings

FORECAST

Source

Eurogroup

Measures

Usual Effect

Frequency

Frequencee's Notes

Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded;

Why Traders care

The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health;

Also Called

Jul 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Empire State Manufacturing Index

-5.5

-6

FORECAST

-5.5

-6

Source

Federal Reserve Bank of New York

Measures

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

Usual Effect

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

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

Above 0.0 indicates improving conditions, below indicates worsening conditions;

Why Traders care

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

Also Called

New York Manufacturing Index;

Jul 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Fed Chair Powell Speaks

FORECAST

Source

Federal Reserve

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

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

Why Traders care

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

Also Called

Federal Reserve (Fed);

Jul 15, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

FOMC Member Daly Speaks

FORECAST

Source

Federal Reserve Bank of San Francisco

Measures

Usual Effect

More hawkish than expected is good for currency;

Frequency

Frequencee's Notes

FOMC voting member 2018, 2021, and 2024;

Why Traders care

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

Also Called

Federal Open Market Committee (FOMC);

Jul 12, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

German WPI m/m

0.20%

0.10%

FORECAST

0.20%

0.10%

Source

Destatis

Measures

Change in the price of goods sold by wholesalers;

Usual Effect

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

Frequency

Released monthly, about 12 days after the month ends;

Frequencee's Notes

Why Traders care

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

Also Called

Wholesale Price Index (WPI);

Jul 12, 2024

Low

Medium

Low

4:45

EUR

Low

Medium

High

French Final CPI m/m

0.10%

FORECAST

0.10%

Source

INSEE

Measures

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

Usual Effect

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

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

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

Why Traders care

Also Called

Consumer Price Index (CPI);

Jul 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Core PPI m/m

0.20%

0.00%

FORECAST

0.20%

0.00%

Source

Bureau of Labor Statistics

Measures

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

Usual Effect

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

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

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

Why Traders care

Also Called

Core Finished Goods PPI, Core PPI for Final Demand;

Jul 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

PPI m/m

0.10%

-0.20%

FORECAST

0.10%

-0.20%

Source

Bureau of Labor Statistics

Measures

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

Usual Effect

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

Frequency

Released monthly, about 13 days after the month ends;

Frequencee's Notes

Source changed series calculation formula as of Feb 2014;

Why Traders care

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

Also Called

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

Jul 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim UoM Consumer Sentiment

68.5

FORECAST

68.5

Source

University of Michigan

Measures

Level of a composite index based on surveyed consumers;

Usual Effect

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

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

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

Why Traders care

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

Also Called

University of Michigan (UoM);

Jul 12, 2024

Low

Medium

Low

4:45

USD

Low

Medium

High

Prelim UoM Inflation Expectations

3.00%

FORECAST

3.00%

Source

University of Michigan

Measures

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

Usual Effect

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

Frequency

Released monthly, around the middle of the current month;

Frequencee's Notes

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

Why Traders care

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

Also Called

University of Michigan (UoM);

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