Date
GMT+00:00
Event Previous Forecast Actual
Nov, 20 13:30
Participation Rate
Participation Rate
Country:
Date: Nov, 20 13:30
Importance: Low
Previous: 65.1%
Forecast: -
Actual: -
Period: Sep
The participation rate is the percentage of the total number of people of labour-force age (15 years and over) that is in the labour force (either working or looking for work). The data provided by Statistics Canada is monthly and deseasonalized; this eliminates the impact of seasonal variations and makes it possible to compare data throughout the year. 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.
65.1% - -
Nov, 20 15:00
★★
Existing Home Sales
Existing Home Sales
Country:
Date: Nov, 20 15:00
Importance: Medium
Previous: 4.06M; 1.5%
Forecast: 4.11M
Actual: -
Period: Oct

Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.

The headline is the total value of properties sold.

4.06M; 1.5% 4.11M -
Nov, 20 15:00
Consumer Confidence
Consumer Confidence
Country:
Date: Nov, 20 15:00
Importance: Low
Previous: -14.2
Forecast: -
Actual: -
Period: Nov

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-14.2 - -
Nov, 20 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Nov, 20 15:30
Importance: Low
Previous: 45
Forecast: -
Actual: -
Period: Nov

Weekly report about natural gas storage change in the USA.

45 - -
Nov, 20 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Nov, 20 21:45
Importance: Medium
Previous: -1355M; -2246M
Forecast: -
Actual: -
Period: Oct

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.

-1355M; -2246M - -