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Today's announcements and data releases, 27/3/2019

  • Regular
  • Economic Calender
  • 7 months ago
  • 103

All times in GMT+7, Jakarta, Bangkok

 

15:00

EUR ECB President Mario Draghi Speaks in Frankfurt

 

15:00

EUR ECB's Nowotny, Lautenschlaeger at Central Bank Conference

 

15:45

EUR ECB Chief Economist Praet Speaks in Frankfurt

 

16:00

CHF KOF Institute Spring Economic Forecast

 

16:00

CHF Credit Suisse Survey Expectations (MAR)

 

17:00

EUR ECB's Lautenschlaeger Participates in Panel in Vienna

 

17:45

EUR ECB Vice President de Guindos Speaks in Frankfurt

 

18:00

GBP CBI Reported Sales (MAR)

 

18:00

GBP CBI Total Dist. Reported Sales (MAR)

 

18:00

USD MBA Mortgage Applications (MAR 22)

Gauges demand for mortgage application in the US . Tracking new home mortgages and refinances, MBA Mortgage Applications Survey serves at a current indicator for the US housing market. Growth in mortgages suggests a healthy housing market. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion. The headline figure is the weekly percentage change in the MBA Mortgage Applications figure. Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed. The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications.

 

19:30

CAD International Merchandise Trade (Canadian dollar) (JAN)

 

The difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada 's GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates.

Negative International Merchandise Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods. Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows (Canadian International Securities Transactions tracks such capital flows). 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 Canadian Merchandise Trade on markets. The report is not very timely, released about three months after the reporting quarter. 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 quarter, any significant changes in the Merchandise 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 Canada . The headline figure for trade balance is expressed in millions of Canadian dollars and usually accompanied by a year-on-year percentage change figure

 

19:30

USD Trade Balance (JAN)

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

EUR ECB Executive Board member Mersch Speaks in Frankfurt

 

21:00

USD Current Account Balance (4Q)

The Current Account Balance Summarizes the flow of goods, services, income and transfer payments into and out of the US . The report acts as a line-item record of how the US economy interacts with the world economy. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services. The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). The headline figure is expressed in billions of dollars.

 

21:30

USD DOE U.S. Crude Oil Inventories (MAR 22)

 

21:30

USD DOE Cushing OK Crude Inventory (MAR 22)

 

21:30

USD DOE U.S. Gasoline Inventories (MAR 22)

 

21:30

USD DOE U.S. Distillate Inventory (MAR 22)

 

22:30

USD U.S. to Sell USD18 Bln 2-Year Floating Rate Notes Reopening

 

23:00

USD Revisions: Industrial Production and Capacity Utilization