Date
GMT+00:00
Event Previous Forecast Actual
Mar, 18 18:00
★★★
FOMC Statement
FOMC Statement
Country:
Date: Mar, 18 18:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on. It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

- - -
Mar, 18 18:30
★★★
FOMC Press Conference
FOMC Press Conference
Country:
Date: Mar, 18 18:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The FOMC conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

- - -
Mar, 18 20:00
TICS
TICS
Country:
Date: Mar, 18 20:00
Importance: Low
Previous: 28.0
Forecast: -
Actual: -
Period: Jan

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

28.0 - -
Mar, 18 20:00
Westpac Consumer Confidence
Westpac Consumer Confidence
Country:
Date: Mar, 18 20:00
Importance: Low
Previous: 96.5
Forecast: -
Actual: -
Period: 1 quarter

Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indices measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation-based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.

Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

96.5 - -
Mar, 18 21:45
★★★
GDP
GDP
Country:
Date: Mar, 18 21:45
Importance: High
Previous: 1.1%; 1.3%
Forecast: 0.4%
Actual: -
Period: 4 quarter

A comprehensive measure of a New Zealand 's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. Economic expansion, indicated by a growing GDP, raises concerns about inflationary pressure.

GDP calculates the total market value of goods and services produced in New Zealand within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only. It is calculated as:

GDP = C + I + G + (EX - IM)

where

C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. These are the preliminary figures, and are usually revised every following month.

1.1%; 1.3% 0.4% -