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Today's announcements and data releases, 21/12/2018

  • Regular
  • Economic Calender
  • 1 month ago
  • 31

All times in GMT+7, Jakarta, Bangkok

 

 

14:00

EUR German Import Price Index (MoM) (NOV)

Measures the change in prices for goods imported by Germany. The Import Price Index is important in distinguishing changes in trade volume versus changes in trade prices. Whereas growth in import volume suggests stronger consumer demand and economic expansion, growth in import prices suggests higher production costs and inflationary pressures. Only when growth in import volume is also complemented by stable import prices can it be indicative of real economic growth. The headlines are the monthly and annual percentage change in the index.

 

14:00

EUR German Import Price Index (YoY) (NOV)

 

14:00

EUR German GfK Consumer Confidence (JAN)

 

14:45

EUR French Gross Domestic Product (QoQ) (3Q F)

The Gross Domestic Product is a comprehensive measure of a France's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets. Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

 

14:45

EUR French Gross Domestic Product (YoY) (3Q F)

 

15:00

CHF Money Supply M3 (YoY) (NOV)

 

16:30

GBP PSNB ex Banking Groups (NOV)

 

16:30

GBP Public Sector Net Borrowing (NOV)

 

16:30

GBP Central Government NCR (NOV)

 

16:30

GBP Public Finances (PSNCR) (Pounds) (NOV)

The amount of money financed to the UK government. A higher value indicates a worsening fiscal condition for the British Government as the public sector is unable to maintain its spending patterns without further financing. As with any economy, budget deficits are unfavorable and viewed as bearish for the Pound.

 

16:30

GBP Current Account Balance (3Q)

 

16:30

GBP Gross Domestic Product (QoQ) (3Q F)

An indicator for broad overall growth in the United Kingdom. Robust UK GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish. Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening. The headline figure for UK GDP is an annualized percentage growth rate.

 

16:30

GBP Gross Domestic Product (YoY) (3Q F)

 

16:30

GBP Total Business Investment (QoQ) (3Q F)

 

16:30

GBP Total Business Investment (YoY) (3Q F)

 

20:30

CAD Retail Sales (MoM) (OCT)

Gauges sales at Canadian retail outlets. The report serves as a direct gauge of consumption and consumer confidence. Retail Trade is one an important leading indicator for Canada and part of the Index of Leading Indicator used to forecast economic developments. An increasing number of sales can signal consumer confidence and growth to come, but higher consumption can also lead to inflationary pressures. The report considers sales for nine categories of retailers: automotive, furniture and electronics, building supplies, food and beverages, pharmaceuticals, clothing and accessories, general merchandise, and miscellaneous.

 

20:30

CAD Retail Sales Ex Auto (MoM) (OCT)

 

20:30

CAD Gross Domestic Product (MoM) (OCT)

A comprehensive measure of a Canada 's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health. Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish. Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

 

20:30

CAD Gross Domestic Product (YoY) (OCT)

 

20:30

USD Gross Domestic Product Annualized (QoQ) (3Q T)

 

20:30

USD Personal Consumption (3Q T)

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation. On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn. Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption. The PCE figure is released in headlines as a percent change from the previous month. Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

 

20:30

USD Gross Domestic Product Price Index (3Q T)

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates. The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness. The headline figure is the annualized percentage change.

 

20:30

USD Core Personal Consumption Expenditure (QoQ) (3Q T)

 

20:30

USD Durable Goods Orders (NOV P)

 

The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of U.S. output to come. Durable Goods are typically sensitive to economic changes. When consumers become skeptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly. The data is highly volatile as well, some volatility is eliminated with the Durable Goods Orders excluding Transportation figure, making it the more closely watched indicator.

The headline figure is expressed as a percentage change from previous months.

 

20:30

USD Durables Ex Transportation (NOV P)

 

20:30

USD Cap Goods Orders Nondef Ex Air (NOV P)

 

20:30

USD Cap Goods Ship Nondef Ex Air (NOV P)

 

21:00

MXN Bi-Weekly Core Consumer Price Index (DEC 15)

 

21:00

MXN Bi-Weekly Consumer Price Index (DEC 15)

 

21:00

MXN Bi-Weekly Consumer Price Index (YoY) (DEC 15)

 

21:00

MXN Economic Activity IGAE (YoY) (OCT)

 

22:00

EUR Euro-Zone Consumer Confidence (DEC A)

Measures consumer sentiment in the Euro-zone nations. The figure is the result of Euro-zone consumer surveys personal finance, the job market, the likelihood of saving and expectations on the economy. High levels of consumer confidence bode well for the economy, indicating consumers are more likely to increase consumption spurring growth and potentially sparking inflation. Conversely, low consumer confidence levels suggest decreased spending. The figure is determined by the difference between positive and negative answers. Therefore a headline above zero indicates positive consumer confidence, while a negative number shows more negative answers.

 

22:00

CAD Bank of Canada Business Outlook Survey 

 

22:00

CAD Bank of Canda Senior Loan Officer Survey (4Q)

 

22:00

CAD Business Outlook Future Sales (4Q)

 

22:00

CAD BoC Overall Business Outlook Survey (4Q)

 

22:00

USD Personal Income (NOV)

Broad gauge of employee earnings in the US . Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation. However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Income allows for strong consumers spending. Such spending drives output growth and fuels the US economy.

 

22:00

USD Personal Spending (NOV)

 

22:00

USD Real Personal Spending (NOV)

 

22:00

USD Personal Consumption Expenditure Deflator (MoM) (NOV)

 

22:00

USD Personal Consumption Expenditure Deflator (YoY) (NOV)

 

22:00

USD PCE Core (MoM) (NOV)

 

22:00

USD PCE Core (YoY) (NOV)

 

22:00

USD U. of Mich. Sentiment (DEC F)

 

22:00

USD U. of Mich. Current Conditions (DEC F)

 

22:00

USD U. of Mich. Expectations (DEC F)

 

22:00

USD U. of Mich. 1 Yr Inflation (DEC F)

 

22:00

USD U. of Mich. 5-10 Yr Inflation (DEC F)

 

23:00

USD Kansas City Fed Manf. Activity (DEC)