Date
GMT+00:00
Event Value
Mar, 26 23:10
★★
RBA Assistant Governor Christopher Kent Speaks
RBA Assistant Governor Christopher Kent Speaks
Country:
Date: Mar, 26 23:10
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Christopher Kent is Reserve Bank of Australia Assistant Governor since February 2012. He is responsible for the Bank’s Economic Analysis and Economic Research Departments. He is also Chief Economic Adviser to the RBA Governor. His comments may cast light on the regulator’s position and the Australian dollar exchange rate.
Mar, 27 01:00
★★★
Official Cash Rate
Official Cash Rate
Country:
Date: Mar, 27 01:00
Importance: High
Previous: 1.75%
Forecast: 1.75%
Actual: -
Period: Mar
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint.
1.75%
Mar, 27 01:00
★★★
RBNZ Rate Statement
RBNZ Rate Statement
Country:
Date: Mar, 27 01:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions.

Mar, 27 08:00
★★★
ECB President Mario Draghi Speaks
ECB President Mario Draghi Speaks
Country:
Date: Mar, 27 08:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

Mar, 27 08:45
ECB’s Peter Praet Speaks
ECB’s Peter Praet Speaks
Country:
Date: Mar, 27 08:45
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Executive board member and chief economist of the European Central Bank. Within the board, Praet is widely considered to be centrist on monetary policy, perhaps even slightly “dovish”, meaning he is more likely to take growth prospects into account in the conduct of monetary policy than strict inflation “hawks” do.
Mar, 27 09:00
ZEW-CS Survey (Economic Expectations)
ZEW-CS Survey (Economic Expectations)
Country:
Date: Mar, 27 09:00
Importance: Low
Previous: -16.6
Forecast: -
Actual: -
Period: Mar

The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

-16.6
Mar, 27 10:00
Member of the Executive Board of the ECB Sabine Lautenschager Speaks
Member of the Executive Board of the ECB Sabine Lautenschager Speaks
Country:
Date: Mar, 27 10:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
He is the representative of Germany. Previously, she worked in the Bundesbank, where she was responsible for the Department of Banking and Financial Supervision and the Audit Department. Investors and traders follow her speeches to hear hints of changes in regulation.
Mar, 27 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Mar, 27 10:30
Importance: Low
Previous: 0.12%; 2.5
Forecast: -
Actual: -
Period: Mar
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
0.12%; 2.5
Mar, 27 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Mar, 27 11:00
Importance: Low
Previous: -
Forecast: 5
Actual: -
Period: Mar

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.
 

0
Mar, 27 12:30
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 27 12:30
Importance: Medium
Previous: -4.6bln
Forecast: -2.3bln
Actual: -
Period: Jan

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.

-4.6bln
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