Date
GMT+00:00
Event Value
Oct, 26 14:00
★★
New Home Sales
New Home Sales
Country:
Date: Oct, 26 14:00
Importance: Medium
Previous: 1011K; 4.8%
Forecast: 1025K; 2.8%
Actual: -
Period: Sep

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

1011K; 4.8%
Oct, 26 15:30
★★★
SNB Chairman Thomas Jordan Speaks
SNB Chairman Thomas Jordan Speaks
Country:
Date: Oct, 26 15:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Thomas Jordan is the Chairman of the Governing Board of the Swiss National Bank since April 2012. Traders and investors scrutinize his speeches and comments on the country’s economic situation in order to suppose further actions of the SNB. What is more, the SNB monitors bank sector, thus changes in regulation may influence the currency’s price.
Oct, 26 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Oct, 26 21:45
Importance: Medium
Previous: -353M; 1340M
Forecast: -1015M
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.

-353M; 1340M
Oct, 27 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Oct, 27 05:00
Importance: Low
Previous: 0.0%
Forecast: -
Actual: -
Period: Sep
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
0.0%
Oct, 27 07:30
RBA Assistant Governor Michele Bullock Speaks
RBA Assistant Governor Michele Bullock Speaks
Country:
Date: Oct, 27 07:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Michele Bullock is the Assistant Governor (Financial System) at the Reserve Bank of Australia. Michele Bullock was appointed to her current position in October 2016. In this role she is responsible for the Bank's work on financial stability, including production of the twice-yearly Financial Stability Review, as well as the Bank's oversight of the payments system. She is a member of the Bank's senior policy committees, Deputy Chair of the Payments System Board, member of Chief Executive Women (CEW) and executive sponsor of the Bank's employee resource group for accessibility.
Oct, 27 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: Oct, 27 08:00
Importance: Low
Previous: 15.3%
Forecast: 16.0%
Actual: -
Period: 3 quarter

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.

15.3%
Oct, 27 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Oct, 27 09:00
Importance: Low
Previous: 9.5%
Forecast: 9.6%
Actual: -
Period: Sep

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

9.5%
Oct, 27 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Oct, 27 09:00
Importance: Low
Previous: 3.0%
Forecast: 3.1%
Actual: -
Period: Sep

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

3.0%
Oct, 27 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Oct, 27 11:00
Importance: Low
Previous: 11
Forecast: -2
Actual: -
Period: Oct

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

11
Oct, 27 12:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Oct, 27 12:30
Importance: Medium
Previous: 0.4% m/m; 0.4% m/m
Forecast: 1.1% m/m; 0.4% m/m
Actual: -
Period: Sep

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

0.4% m/m; 0.4% m/m
Powered by mt5.com