Date
GMT+00:00
Event Value
Feb, 19 00:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Feb, 19 00:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
Feb, 19 07:00
Trade Balance
Trade Balance
Country:
Date: Feb, 19 07:00
Importance: Low
Previous: 1.90bln
Forecast: 2.24bln
Actual: -
Period: Jan

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.

1.90bln
Feb, 19 09:00
Current Account (sa)
Current Account (sa)
Country:
Date: Feb, 19 09:00
Importance: Low
Previous: 20.3bln; 23.2bln
Forecast: -
Actual: -
Period: Dec

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. 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.

20.3bln; 23.2bln
Feb, 19 09:30
★★
Average Earnings Index
Average Earnings Index
Country:
Date: Feb, 19 09:30
Importance: Medium
Previous: 3.4% 3m/y; 3.3% 3m/y
Forecast: 3.5% 3m/y; 3.4% 3m/y
Actual: -
Period: Dec
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer. Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010
3.4% 3m/y; 3.3% 3m/y
Feb, 19 09:30
★★
Claimant Count Rate
Claimant Count Rate
Country:
Date: Feb, 19 09:30
Importance: Medium
Previous: 4.0%
Forecast: 4.0%
Actual: -
Period: Dec

The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures.

The headline number is a percentage change in the figure.

4.0%
Feb, 19 09:30
★★★
Claimant Count Change
Claimant Count Change
Country:
Date: Feb, 19 09:30
Importance: High
Previous: 20.8K
Forecast: 12.3K
Actual: -
Period: Jan

The UK claimant count provides data on those individuals who are out of work and who are claiming some sort of unemployment benefit.

20.8K
Feb, 19 10:00
★★
ZEW Survey (Econ. Sentiment)
ZEW Survey (Econ. Sentiment)
Country:
Date: Feb, 19 10:00
Importance: Medium
Previous: -20.9
Forecast: -18.2
Actual: -
Period: Feb

The Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about the economic situation. Eurozone ZEW Indicator of Economic Sentiment Assesses future economic expectations for the whole Eurozone. The results are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a positive expectation for Euro-zone economy.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

-20.9
Feb, 19 10:00
★★
ZEW Current Situation
ZEW Current Situation
Country:
Date: Feb, 19 10:00
Importance: Medium
Previous: 27.6
Forecast: 21.0
Actual: -
Period: Feb

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

Unlike the Economic Sentiment Indicator which looks into the future direction of the economy, the Current Situation Indicator focuses on the results of the survey that relate to the current health of the German economy. Expert opinions on whether the current situation is improved, worsened, or unchanged are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a stronger economy and better business climate.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

27.6
Feb, 19 10:00
★★
ZEW Economic Sentiment
ZEW Economic Sentiment
Country:
Date: Feb, 19 10:00
Importance: Medium
Previous: -15.0
Forecast: -14.1
Actual: -
Period: Feb

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.

Experts are asked for a qualitative assessment of the direction of inflation, interest rates, exchange rates and the stock market in the next six months. Thus the indicator provides a medium-term forecast for the German economy.

Technical Note on Headline Number : The results of the survey are always presented as the difference between those experts that optimistic and those are pessimistic. For instance if 25 percent of analysts expect improvement, 35 percent expect decline, and 40 percent expect no change, the headline figure is -10.

-15.0
Feb, 19 10:15
Вице-президент ЕЦБ Луис де Гиндос выступит с речью
Вице-президент ЕЦБ Луис де Гиндос выступит с речью
Country:
Date: Feb, 19 10:15
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Вице-президент управляющего совета ЕЦБ Луис де Гиндос (родом из Испании) принимает непосредственное участие в формировании кредитно-денежной политики, поэтому в его выступлениях инвесторы и трейдеры пытаются разглядеть намёки на сохранение текущих ставок или изменение их в будущем. Ястребиный тон в отношении инфляции и приверженность жёсткого курса могут поддержать евро.
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