Date
GMT+02:00
Event Value
Aug, 07 00:30
★★
AIG Performance of Service Index
AIG Performance of Service Index
Country:
Date: Aug, 07 00:30
Importance: Medium
Previous: 31.5
Forecast: -
Actual: -
Period: Jul

Tracks monthly developments in the Australian services sector, condensing data into an overall boom or bust index. The composite index is based on the surveys for sales, new orders, employment, inventories and deliveries, compiled by American International Group. The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia's service sector that accounts for a majority of Aussie GDP. The headline number uses a 50 baseline; readings above 50 signify growth, while those below 50 show contraction in the services sector.

31.5
Aug, 07 01:30
Average Cash Earnings
Average Cash Earnings
Country:
Date: Aug, 07 01:30
Importance: Low
Previous: -2.1%
Forecast: -3.0%
Actual: -
Period: Jun

The average amount of pre-tax earnings per regular employee, including overtime pay and bonuses.

-2.1%
Aug, 07 01:30
Household Spending
Household Spending
Country:
Date: Aug, 07 01:30
Importance: Low
Previous: -16.2%
Forecast: -7.8%
Actual: -
Period: Jun

A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired. The headline figure is the percentage change in average spending per household from the previous year. Increases in household spending are favorable for the Japanese economy because high consumer spending generally leads to higher levels of economic growth. Higher spending is also a sign of consumer optimism, as households confident in their future outlook will spend more. At the same time accelerated growth exerts inflationary pressure, which can lead to interest rate increases in the future.

-16.2%
Aug, 07 03:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: Aug, 07 03:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

Aug, 07 03:45
RBA Assistant Governor Luci Ellis Speaks
RBA Assistant Governor Luci Ellis Speaks
Country:
Date: Aug, 07 03:45
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Luci Ellis is the Assistant Governor (Economic) at the Reserve Bank of Australia, a position she has held since December 2016. She is responsible for the Bank's Economic Analysis and Economic Research departments and is the chief economic advisor to the Governor and the Board. She also chairs the Bank committee responsible for its data strategy and is the executive sponsor of the Bank's Mathematica Users Community and its LGBTI+ allies employee resource group.
Aug, 07 07:00
Leading Indicators
Leading Indicators
Country:
Date: Aug, 07 07:00
Importance: Low
Previous: 78.4
Forecast: 84.8
Actual: -
Period: Jun
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008. Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads.
78.4
Aug, 07 07:45
Unemployment Rate
Unemployment Rate
Country:
Date: Aug, 07 07:45
Importance: Low
Previous: 3.3%; 3.2%
Forecast: -
Actual: -
Period: Jul

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.

High unemployment translates into lower average wages and reduced consumer spending. As consumer spending is the majority of total expenditure, rising unemployment often leads to slow economic growth. In addition, high or rising unemployment puts downward pressure on interest rates and leads to a depreciating Franc.

3.3%; 3.2%
Aug, 07 08:00
Industrial Production
Industrial Production
Country:
Date: Aug, 07 08:00
Importance: Low
Previous: 7.8% m/m; -19.3% y/y
Forecast: 8.3% m/m; -16.9% y/y
Actual: -
Period: Jun

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Germany. Industrial production is significant as a short-term indicator of the strength of German industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Euro. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

7.8% m/m; -19.3% y/y
Aug, 07 08:00
Trade Balance
Trade Balance
Country:
Date: Aug, 07 08:00
Importance: Low
Previous: 7.5bln; 7.1bln
Forecast: 10.3bln
Actual: -
Period: Jun

The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany 's Balance of Payment. As Germany is Europe's largest economy and given Germany's export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Eurozone trades and extra-Eurozone trades. Intra-trades between Germany and Eurozone countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Eurozone do impact the overall Eurozone trade balance. Given Germany's large share of Eurozone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

The headline figure for trade balance is expressed in billions of Euros.

7.5bln; 7.1bln
Aug, 07 08:45
Industrial Production
Industrial Production
Country:
Date: Aug, 07 08:45
Importance: Low
Previous: 19.6%
Forecast: 7.6%
Actual: -
Period: Jun

Measures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.

Industrial Production is highly sensitive to the business cycle, and so can forecast changes in employment, earnings, and personal income. Consequently, Industrial Production is considered a reliable leading indicator of the overall health of the French economy.

19.6%
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