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Event Previous Forecast Actual
May, 28 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: May, 28 00:50
Importance: Low
Previous: 0.5% y/y
Forecast: -
Actual: -
Period: Apr

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

0.5% y/y - -
May, 29 00:30
Unemployment Rate
Unemployment Rate
Country:
Date: May, 29 00:30
Importance: Low
Previous: 2.5%
Forecast: -
Actual: -
Period: Apr

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

2.5% - -
May, 29 07:00
Trade Balance
Trade Balance
Country:
Date: May, 29 07:00
Importance: Low
Previous: 1.77bln
Forecast: -
Actual: -
Period: Apr

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - 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 most important reports out of the any country.

1.77bln - -
May, 29 09:00
★★
M3 Money Supply
M3 Money Supply
Country:
Date: May, 29 09:00
Importance: Medium
Previous: 3.7% y/y
Forecast: -
Actual: -
Period: Apr

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

3.7% y/y - -
May, 29 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: May, 29 09:00
Importance: Low
Previous: 3.0% y/y
Forecast: -
Actual: -
Period: Apr

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

3.0% y/y - -
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