The Live Economic Events Calendar keeps track of all the important events and Economic Indicators that drive the Forex market. The calendar contains descriptions of the events and shows their relative importance in affecting the market. You can also see the figures: previous, forecast and actual as they come out.
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The Household Confidence determines the mood of households regarding economic activity.
It is a leading indicator as it can predict the consumer spending, which is a major
part in the total economic activity.
The reading is concluded from a survey of about 5000 households.
Higher readings point to higher consumer optimism.
A higher than expected reading should be taken as positive/bullish for the JPY,
while a lower than expected reading should be taken as negative/bearish for the JPY.
The Producer Price Index (PPI) is an inflationary indicator that measures the average change in selling prices received by domestic producers of goods and services.
The PPI measures price change from the perspective of the seller.
The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
When producers pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
A higher than expected reading should be taken as positive/bullish for the CHF,
while a lower than expected reading should be taken as negative/bearish for the CHF.
The Employment Change measures the change in the number of employed people in the Euro-zone.
A rise trend indicates strength in the labor market
and has a positive affect on consumer spending and therefore on the economic growth.
A higher than expected reading should be taken as positive/bullish for the EUR, while lower than expected reading should be taken as negative/bearish for the EUR.
The New Motor Vehicle Sales measures the monthly change in the number of new vehicles
sold domestically.
It is an important indicator of consumer spending and also correlated to consumer confidence.
A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The NY Empire State Manufacturing Index measures the economic health of the manufacturing sector by a survey of about 200 manufacturers in New York state.
Above 0 indicates improving conditions while below 0 indicates worsening conditions.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Treasury International Capital (TIC) Net Long-Term Transactions measures the monthly difference in value between US purchases of long-term foreign securities
and foreign purchases of US long-term securities.
The TIC flows is a key resource of the US government for offsetting the Trade Deficit.
It can give a good reflection on demand for USD.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Capacity Utilization Rate is the percentage of production capacity in the US
(the percentage of available resources being utilized by factories, mines and utilities).
Capacity Utilization reflects overall growth and demand in the economy.
It can also act as a leading indicator of CPI.
But, because capacity is very difficult to measure, this figure should be viewed cautiously.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Industrial Production measures the change in the total outputs of the US manufacturing, mining, electric and gas industries.
It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income. Traders pay special attention to Industrial Production as it's one of the few growth indicators that is produced directly by the Federal Reserve.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The National Association of Home Builders (NAHB) Housing Market Index (HMI) presents single-family home sales and expected future home buildings.
It's concluded from a survey of about 900 home builders.
A reading above 50 indicates that builders have a positive outlook on US housing market.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The French Consumer Price Index (CPI) measures the changes in the price of goods
and services. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchashing trends and inflation in France.
A higher than expected reading should be taken as positive/bullish for the EUR,
(as the common way to fight inflation is raising rates, which may attract foreign investment) ,while a lower than expected reading should be taken as negative/bearish for the EUR.
The Department for Communities and Local Government (DCLG) Home Price Index measures the change in the selling price of homes.
This report helps to analyze the strength of the UK
housing market, which helps to analysis the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment determines the sentiment of German institutional investors.
Above 0 indicates optimism while below 0 indicates pessimism.
It's a leading indicator of business conditions.
The reading is concluded from survey of about 350 German institutional investors and analysts.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Consumer Price Index (CPI) measures the changes in the price of goods
and services. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the Euro-zone.
A higher than expected reading should be taken as positive/bullish for the EUR
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the EUR.
The Core Consumer Price Index (CPI) measures the changes in the price of goods
and services excluding food and energy. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the Euro-zone.
A higher than expected reading should be taken as positive/bullish for the EUR
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the EUR.
The Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment determines the sentiment of German institutional investors.
Above 0 indicates optimism while below 0 indicates pessimism.
It's a leading indicator of business conditions.
The reading is concluded from survey of about 350 German institutional investors and analysts.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Conference Board Leading Index measures overall economic health by combining 7 indicators such as building permits, new orders and money supply.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Labor Productivity measures the change in the average productivity level of Canadian workers when producing goods and services.
The Labor Productivity is calculated by dividing the GDP by the number of hours worked.
Growth in Labor Productivity is usually seen as a sign of a healthy economy.
A drop in Labor Productivity indicates inflation - since it's equivalent to a rise in wages.
A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The Manufacturing Sales measures the change in worth of sales made by manufacturing.
It is a key indicator of the manufacturing sector's strength
and therefore is a leading indicator of economic health.
A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The Building Permits shows the number of permits for new construction projects issued by the government.
Building permits are key indicator for the condition of the housing market.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Housing Starts captures annualized number of the new homes or buildings began construction in the given month.
It shows the strength of the US housing market, which helps to analysis the
economy as a whole as the housing market is a key factor in the economy.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Import Price Index measures the change in the price of imported products
into the US.
It actually measures the rate of Inflation of imported products.
The higher this number is the stronger the affect on inflation.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
Mr. Timothy Franz Geithner (born August 18, 1961) is the 75th and current United States Secretary of the Treasury.
He was previously the president of the Federal Reserve Bank of New York.
Geithner's position includes a large role in directing the nation's economic response to the financial crisis.
His comments may determine a short-term positive or negative trend.
The Federal Open Market Committee (FOMC) decision on short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation.
The primary objective of the central bank is to achieve price stability.
High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the USD,
while a lower than expected rate is negative/bearish for the USD.
The ABC/Washington Post Consumer Confidence Index is a rolling average based on telephone interviews with 1,000 randomly selected adults over the previous four-week period.
The index is based on three core questions, which asks respondents to rate the condition of the national economy, the state of their personal finances and whether now is a good time to buy things. Margin of sampling error for the results of each of the component questions is plus or minus 3 percentage points.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Westpac Melbourne Institute (WMI) Leading Index
determines overall economic health by combining 9 leading indicators, most of them previously released, such as money supply, consumer confidence and stock prices.
A higher than expected reading should be taken as positive/bullish for the AUD,
while a lower than expected reading should be taken as negative/bearish for the AUD.
The Tertiary Industry Index measures the change in spending for services in Japan.
The report excludes manufacturing .
It is an indicator of domestic activity and a leading indicator of economic health.
Because Japan's economy is very export based, it usually has little impact on the JPY.
A higher than expected reading should be taken as positive/bullish for the JPY,
while a lower than expected reading should be taken as negative/bearish for the JPY.
The Housing Starts measures how many new homes or buildings began construction.
It shows the strength of the Australian housing market, which helps to analysis the
economy as a whole as the housing market is a key factor in the economy.
A higher than expected reading should be taken as positive/bullish for the AUD,
while a lower than expected reading should be taken as negative/bearish for the AUD.
The Bank of Japan (BOJ) Monetary Policy Committee (MPC) decision on short term interest rate.
The decision on where to set interest rates depends mostly on growth outlook and inflation.
The primary objective of the central bank is to achieve price stability.
High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the JPY,
while a lower than expected rate is negative/bearish for the JPY.
The Bank of Japan will be holding a press conference, their preferred method of communicating with investors. Topics at such conferences generally include economic outlook, inflation and changes in interest rates.
The Claimant Count Change measures the change in the number of unemployed people in the UK during the given month.
A rise trend indicates weakness in the labor market
and has a negative affect on consumer spending and therefore on the economic growth.
A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.
The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. It gives a picture of economic conditions in the UK. It also records the votes of the individual members of the Committee If the BoE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
The Average Earnings Index measures the change in the average price for labor, including bonuses.
The Average Earnings figure gives us a good indication of personal income growth during the given month.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Unemployment Rate is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the UK during the past 3 months.
A high percentage indicates weakness in the labor market.
A low percentage is a positive indicator for the labor market in the UK and should be taken as positive for the GBP.
The MBA Mortgage Applications is a weekly survey which measures the change in the number of new Mortgage Applications during a given week.
It provides information about the buyers in the housing market in the US.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Wholesale Sales measures the change in the worth of sales by wholesalers.
It's a leading indicator of consumer spending. Higher readings indicate increase in retail trade and consumption
A higher than expected reading should be taken as negative/bearish for the CAD,
while a lower than expected reading should be taken as positive/bullish for the CAD.
The Producer Price Index (PPI) is an inflationary indicator that measures the average change in selling prices received by domestic producers of goods and services.
The PPI measures price change from the perspective of the seller.
The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
When producers pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Core Producer Price Index (PPI) is an inflationary indicator that measures the average change in selling prices received by domestic producers of goods and services excluding food and energy.
The PPI measures price change from the perspective of the seller.
The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
When producers pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
Ben Bernanke, US Federal Reserve Chairman, will be testifying in Washington DC, regarding America's economic outlook and financial markets.
His comments may determine a short-term positive or negative trend.
The BSI Large Manufacturing Index measures the general business conditions of large manufacturers.
The info is calculated from a survey of large manufacturers in Japan, asked about their business conditions.
It is a key indicator of the Japanese economy, which heavily relies on the manufacturing industry.
Above 0 indicates improving conditions while below 0 indicates worsening conditions. This survey may help to predict the BOJ's Tankan Large Manufacturing Index, released about a week later.
A higher than expected reading should be taken as positive/bullish for the JPY,
while a lower than expected reading should be taken as negative/bearish for the JPY.
The BOJ (Bank of Japan)'s monthly report entails a detailed summary of changes in the country's economic growth as well as the responsible contributing economic factors.
The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of a country's balance of payments.
Export data can give reflection on the Swiss growth.
Imports provide an indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the CHF.
A higher than expected reading should be taken as positive/bullish for the CHF,
while a lower than expected reading should be taken as negative/bearish for the CHF.
The Industrial Production measures the change in the total outputs of the Swiss factories, mines, and utilities.
It gives us a good indicator of strength in the manufacturing sector. It can be a leading indicator of manufacturing employment, average earnings, and personal income.
A higher than expected reading should be taken as positive/bullish for the CHF,
while a lower than expected reading should be taken as negative/bearish for the CHF.
The Current Account index measures the difference in worth between exported and imported goods, services, and interest payments (exports minus imports).
This is seasonally adjusted data.
Export data can give reflection on the Euro-zone growth.
Imports provide an indication of domestic demand.
The goods portion is the same as the Trade Balance figure.
Because foreigners must buy the domestic currency to pay for the exports,
it may have sizable affect on the EUR.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Italian Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports).
This is the largest component of a country's balance of payments.
Export data can give reflection on Italy's growth.
Imports provide an indication of domestic demand.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the EUR.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
The Public Sector Net Borrowing
measures the difference in value between the public spending and income during the given month (spending minus income).
A positive number indicates a budget deficit, while a negative number indicates a surplus.
The M4 Money Supply measures the worth of all currency and liquid cash assets held by the public.
The money supply is considered an important indicator of inflation,
as monetary expansion adds pressure to the exchange rates.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Zentrum für Europäische Wirtschaftsforschung (ZEW) Expectations determines the expectations of institutional investors and analysts regarding the Swiss economy.
Any reading above 0 indicates optimism,
while a reading below 0 indicates pessimism.
It's a leading indicator of business conditions and economic health.
A higher than expected reading should be taken as positive/bullish for the CHF,
while a lower than expected reading should be taken as negative/bearish for the CHF.
The Confederation of British Industry (CBI) Industrial Trends Orders measures the economic expectations of the manufacturing executives in the UK.
It's a leading indicator of business conditions.
Above 0 indicates order volume is expected to increase, below indicates expectations are for lower volume.
Higher reading indicates optimism among manufacturers.
The reading is concluded from a survey of about 550 manufacturers.
A higher than expected reading should be taken as positive/bullish for the GBP,
while a lower than expected reading should be taken as negative/bearish for the GBP.
The Foreign Securities Purchases measures the total net worth of stocks, bonds and money market instruments purchased by foreigners.
It can give a good reflection on demand for CAD. A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The Core Consumer Price Index (CPI) measures the changes in the price of goods
and services excluding food and energy. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the US.
A higher than expected reading should be taken as positive/bullish for the USD
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the USD.
The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week.
This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
On a week-to-week basis, claims are quite volatile.
Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth.
A higher than expected reading should be taken as negative/bearish for the USD,
while a lower than expected reading should be taken as positive/bullish for the USD.
The Consumer Price Index (CPI) measures the changes in the price of goods
and services. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the US.
A higher than expected reading should be taken as positive/bullish for the USD
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the USD.
The Current Account index measures the difference in worth between exported and imported goods, services, and interest payments (exports minus imports).
Export data can give reflection on the US growth.
Imports provide an indication of domestic demand.
The goods portion is the same as the Trade Balance figure.
Because foreigners must buy the domestic currency to pay for the nation's exports,
it may have sizable affect on the USD.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The Philadelphia Fed Manufacturing Index determines the economic health of the manufacturing sector in Philadelphia district.
Any reading above 0 indicates improving conditions of the manufacturing sector,
while a reading below 0 indicates worsening conditions. It's concluded from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. It can be of some help in forecasting the US ISM.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The CB Leading Indicators Index
measures overall economic health by combining 10 indicators such as building permits, new orders, money supply, average workweek.
Therefore, the report is extremely predictable and of very little interest to the market.
A higher than expected reading should be taken as positive/bullish for the USD,
while a lower than expected reading should be taken as negative/bearish for the USD.
The EIA (Energy Information Administration) Natural Gas Storage measures the change in the number of cubic feet of natural gas held in underground storage during the past week.
Dr Andrew Sentance is an external member of the Monetary Policy Committee of the Bank of England. He was appointed by the Chancellor of the Exchequer in 2006.
Andrew Sentance was educated at Eltham College and Clare College, Cambridge. At Eltham College, he studied Economics, Mathematics and History at A Level, and at Clare College gained a BA and an MA in Economics. He gained a PhD in Economics from the London School of Economics and an MSc, also in Economics, from the L.S.E.
His comments may determine a short-term positive or negative trend.
The Visitor Arrivals measures the change in the number of short-term overseas visitors who arrived to New-Zealand.
Tourism plays an important role in New-Zealand's economy and has affect on the GDP.
A higher than expected reading should be taken as positive/bullish for the NZD,
while a lower than expected reading should be taken as negative/bearish for the NZD.
The Credit Card Spending measures the change in the credit card spending by individuals.
It has major affect about consumer spending and also
correlated with consumer confidence. A higher than expected reading should be taken as positive/bullish for the NZD,
while a lower than expected reading should be taken as negative/bearish for the NZD.
The All Industries Activity Index measures the monthly change in overall production by all sectors of the Japanese economy.
The index closely follows Japanese GDP and overall growth figures.
A higher than expected reading should be taken as positive/bullish for the JPY,
while a lower than expected reading should be taken as negative/bearish for the JPY.
The German Producer Price Index (PPI) is an inflationary indicator that measures the average change
in selling prices received by domestic producers of goods and services.
The PPI measures price change from the perspective of the seller.
The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
When producers pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
A higher than expected reading should be taken as positive/bullish for the EUR,
while a lower than expected reading should be taken as negative/bearish for the EUR.
Jean-Claude Trichet (born 20 December 1942) is a French civil servant who is the current president of the European Central Bank, a position he has held since 2003.
As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person.
His comments may determine a short-term positive or negative trend.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in Canada.
A higher than expected reading should be taken as positive/bullish for the CAD
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the CAD.
The Consumer Price Index (CPI) measures the changes in the price of goods
and services. The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in Canada.
A higher than expected reading should be taken as positive/bullish for the CAD
(as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the CAD.
The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in Canada, excluding auto.
It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the Canadian economy .
A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in Canada.
It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the Canadian economy.
A higher than expected reading should be taken as positive/bullish for the CAD,
while a lower than expected reading should be taken as negative/bearish for the CAD.
The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. His comments may determine a short-term positive or negative trend.
Disclaimer: Due to the ever-fluctuating nature of the financial market, the scheduling of economic events and indicators are constantly changing. We are proud to share our economic calendar with you, but would remind you that due to external factors beyond our control, Forexpros cannot be held responsible for any trading losses or other losses incurred as a result of using the economic calendar .
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