Date
GMT+00:00
Event Value
Dec, 01 03:30
★★★
RBA Interest Rate Decision
RBA Interest Rate Decision
Country:
Date: Dec, 01 03:30
Importance: High
Previous: 0.10%
Forecast: 0.10%
Actual: -
Period: Dec
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
0.10%
Dec, 01 03:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: Dec, 01 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).

Dec, 01 10:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Dec, 01 10:00
Importance: High
Previous: -0.3%
Forecast: -0.2%
Actual: -
Period: Nov

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

-0.3%
Dec, 01 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Dec, 01 13:30
Importance: High
Previous: 1.2% m/m; -3.8% y/y
Forecast: -
Actual: -
Period: Sep

A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish.

Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

1.2% m/m; -3.8% y/y
Dec, 01 15:00
★★★
ISM Manufacturing
ISM Manufacturing
Country:
Date: Dec, 01 15:00
Importance: High
Previous: 59.3
Forecast: 57.7
Actual: -
Period: Nov

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

59.3
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