Today's announcements and data releases, 10/1/2019
- Economic Calender
- 1 month ago
All times in GMT+7, Jakarta, Bangkok
CHF Foreign Currency Reserves (DEC)
EUR ECB Publishes Account of Dec. 12-13 Governing Council Meeting (DEC 13)
CAD New Housing Price Index (MoM) (NOV)
A component of the Consumer Price Index (CPI) that measures changes in prices for new homes. Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index. Note: The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased (e.g. added swimming pool and better construction materials), then the price for new homes is considered to have fallen.
USD Trade Balance (NOV)
The US Trade Balance refers to the difference between exports of goods and services out of the US, and imports to America. The trade balance is one of the biggest components of the US's Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar. A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows (US Net Foreign Security Purchases, or TICs data reports on such capital flows). At a bare minimum, deficits fundamentally weigh down the value of the currency. There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US. The headline figure for trade balance is expressed in billion of dollars.
CAD New Housing Price Index (YoY) (NOV)
CAD Building Permits (MoM) (NOV)
The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole. The headline is the seasonally adjusted percentage change in Building Permits from the previous month.
USD Initial Jobless Claims (JAN 5)
USD Continuing Claims (DEC 29)
USD Fed’s Barkin Speaks on Ensuring Long-Term Growth
MXN Consumer Confidence Index (DEC)
USD Wholesale Inventories (MoM) (NOV F)
USD Wholesale Trade Sales (MoM) (NOV)
USD EIA Working Natural Gas Implied Flow (JAN 4)
USD EIA Natural Gas Storage Change (JAN 4)
USD U.S. to Sell 4-Week Bills
USD U.S. to Sell 8-Week Bills