Date

GMT+00:00

Event

Forecast

Actual

Nov, 04 13:30

★★

Trade Balance

Country:
Date:	Nov, 04 13:30
Importance:	Medium
Previous:	4.2
Forecast:	3.8
Actual:	-
Period:	Sep

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.

4.2

3.8

Nov, 04 14:45

★

Final Services PMI

Country:
Date:	Nov, 04 14:45
Importance:	Low
Previous:	57.9
Forecast:	57.9
Actual:	-
Period:	Oct

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.

57.9

Nov, 04 14:45

★

Composite PMI

Country:
Date:	Nov, 04 14:45
Importance:	Low
Previous:	57.6
Forecast:	57.6
Actual:	-
Period:	Oct

An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.

57.6

Nov, 04 15:00

★★★

ISM Services PMI

Country:
Date:	Nov, 04 15:00
Importance:	High
Previous:	54.9
Forecast:	54.9
Actual:	-
Period:	Oct

ISM index for the non-manufacturing sector, a value below 50 indicates a decrease in activity compared to the previous month, above - about growth.

54.9

Nov, 04 15:30

★★

Crude Oil Inventories

Country:
Date:	Nov, 04 15:30
Importance:	Medium
Previous:	-1462K
Forecast:	-
Actual:	-
Period:	Nov

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

-1462K