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Today's announcements and data releases, 11/1/2019

  • Regular
  • Economic Calender
  • 1 month ago
  • 40

All times in GMT+7, Jakarta, Bangkok

 

 

12:00

JPY Eco Watchers Survey Current (DEC)

 

12:00

JPY Eco Watchers Survey Outlook SA (DEC)

 

15:20

EUR ECB's Mersch Speaks in Bratislava 

 

16:30

GBP Trade Balance (NOV)

 

16:30

GBP Trade Balance (NOV)

 

16:30

GBP Visible Trade Balance (Pounds) (NOV)

The difference between imports and exports of goods. Visible Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because Britain's economy is highly trade driven, Visible Trade data can give critical insight into developments in the economy and into foreign exchange rates. Negative Visible Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, the UK experiences a trade surplus. Trade surpluses indicate that funds are coming into the UK in exchange for exported goods. Because such exported goods are usually purchased with Pounds, trade surpluses usually reflect currency flowing into Britain, such currency inflows may lead to a natural appreciation of Pound Sterling, unless countered by similar capital outflows. At a bare minimum, surpluses will buoy the value of the currency. There are a number of factors that work to diminish the market impact of UK Visible Trade on markets. The report is not very timely, released monthly about forty days after the reporting period. Developments in many of the components that comprise the figure are also usually well anticipated. Lastly, since the report reflect data for a specific reporting month, any significant changes in Visible Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of the UK. The headline figure is expressed as the value of the merchandise trade surplus or deficit in billions of Pounds.

 

16:30

GBP Trade Balance Non EU GBP/Mn (NOV)

 

16:30

GBP Industrial Production (MoM) (NOV)

A measure of the manufacturing output of the energy sector, factories, and mines. Industrial production is significant as a short term indicator of the strength of UK industrial activity. Industry accounts for about a quarter of overall GDP. Because industrial production accounts for most of the volatility in GDP, foreknowledge of trends in manufacturing go a long way in forecasting UK output. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Pound. However, uncontrolled levels of production and consumption can spark inflation. In times of inflation the Bank of England may raise interest rates to control growth.

 

16:30

GBP Industrial Production (YoY) (NOV)

 

16:30

GBP Manufacturing Production (MoM) (NOV)

 

16:30

GBP Manufacturing Production (YoY) (NOV)

 

16:30

GBP Construction Output SA (MoM) (NOV)

 

16:30

GBP Construction Output SA (YoY) (NOV)

 

16:30

GBP Index of Services (MoM) (NOV)

 

16:30

GBP Index of Services (3Mo3M) (NOV)

 

16:30

GBP Monthly GDP 3M/3M Change (NOV)

 

20:30

GBP Gross Domestic Product (MoM) (NOV)

 

20:30

USD Consumer Price Index (MoM) (DEC)

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers. The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns. On A Technical Note: The CPI includes over 200 categories of goods and services included, divided into 8 main groups, each with a different weight: Housing, Transportation, Food, Medical Care, Education and Communication, Recreation, Apparel, and Other Goods and Services.

 

20:30

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.

 

20:30

USD Consumer Price Index (YoY) (DEC)

 

 

20:30

USD Consumer Price Index Ex Food and Energy (MoM) (DEC)

 

20:30

USD Consumer Price Index Ex Food and Energy (YoY) (DEC)

 

20:30

USD Consumer Price Index Core Index s.a. (DEC)

 

20:30

USD Consumer Price Index n.s.a. (DEC)

 

20:30

USD Real Avg Weekly Earnings (YoY) (DEC)

 

20:30

USD Real Avg Hourly Earning (YoY) (DEC)

 

21:00

MXN Industrial Production NSA (YoY) (NOV)

 

22:00

USD Wholesale Inventories (MoM) (NOV F)

 

22:00

USD Wholesale Trade Sales (MoM) (NOV)