Date
GMT+00:00
Event Value
Jan, 15 09:30
★★
BoE Credit Conditions Survey
BoE Credit Conditions Survey
Country:
Date: Jan, 15 09:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: 4 quarter

As part of its mission to maintain monetary stability and financial stability, the Bank needs to understand trends and developments in credit conditions. This survey for bank and non-bank lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households and small businesses; and lending to non-financial corporations, and to non-bank financial firms.

Jan, 15 10:00
Industrial Production
Industrial Production
Country:
Date: Jan, 15 10:00
Importance: Low
Previous: 0.8%; 2.0%
Forecast: 0.5%; 2.0%
Actual: -
Period: Nov

Measures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Eurozone GDP. However, most variations in the GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.

Note: The Industrial Production figure can be adjusted for the number of working days in the given time period and/or seasonally to account for weather related changes in production.

0.8%; 2.0%
Jan, 15 10:00
Current Account (sa)
Current Account (sa)
Country:
Date: Jan, 15 10:00
Importance: Low
Previous: 14.0bln; 18.4bln
Forecast: 14.8
Actual: -
Period: Nov

  The Current Account summarizes the flow of goods, services, income and transfer payments into and out of the country. The report acts as a line-item record of how the domestic economy interacts with rest of the world. The Current Account is one of the three components that make up a country's Balance of Payments (Financial Account, Capital Account and Current Account), the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts deal mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a non-investment basis - tracking good and services.

14.0bln; 18.4bln
Jan, 15 11:00
Trade Balance
Trade Balance
Country:
Date: Jan, 15 11:00
Importance: Low
Previous: 4.16
Forecast: 5.22
Actual: -
Period: Nov

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.

4.16
Jan, 15 13:30
★★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jan, 15 13:30
Importance: High
Previous: 208K
Forecast: 215K
Actual: -
Period: Jan

The indicator shows the number of unemployed people in the USA.

208K
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