FX.co ★ Traders economic calendar. Period: Tomorrow

Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.

A higher than expected number should be taken as positive to the AUD, while a lower than expected number as negative.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the PHP, while a lower than expected reading should be taken as negative/bearish for the PHP.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the PHP , while a lower than expected reading should be taken as negative/bearish for the PHP.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

The consumer price index (CPI) is a measure of change over a specified period oftime in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the THB , while a lower than expected reading should be taken as negative/bearish for the THB.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.

The Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected reading should be taken as positive/bullish for the MYR, while a lower than expected reading should be taken as negative/bearish for the MYR.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the SEK, while a lower than expected reading should be taken as negative/bearish for the SEK.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the SEK, while a lower than expected reading should be taken as negative/bearish for the SEK.

Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).

Sweden, Consumer Prices, By Commodity, Special Indexes, Underlying CPIF, Index. The Underlying Inflation Rate according to CPIF (CPI at constant interest rates) differs from CPI by keeping interest rate for households mortgage interest payment at a constant rate. CPIF is calculated on request fromSveriges Riksbank (the Swedish central bank).

Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices and food prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. Rising retail sales indicate stronger economic growth. However, if the increase is larger than forecast, it may be inflationary. A higher than expected reading should be taken as positive/bullish for the HUF , while a lower than expected reading should be taken as negative/bearish for the HUF.

French Industrial Production measures the change in the total inflation-adjusted value of output produced by French manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. A lower than expected number should be taken as positive to the CHF, while a higher than expected number as negative.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

A higher than expected reading should be taken as negative/bearish for the CHF, while a lower than expected reading should be taken as positive/bullish for the CHF.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

A higher than expected reading should be taken as positive/bullish for the TWD, while a lower than expected reading should be taken as negative/bearish for the TWD.

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

A higher than expected number should be taken as positive to the TWD, while a lower than expected number as negative.

The Italy Construction Purchasing Managers' Index (PMI) is an economic indicator that measures the level of business activity in the Italian construction sector. It is based on survey responses from purchasing managers in the industry, covering factors such as new orders, employment, supplier deliveries, and inventories.

A PMI reading above 50 indicates expansion in the construction sector, while a reading below 50 signifies contraction. The index is an important tool for analysts, policymakers, and investors to gauge the health of the construction industry in the Italian economy and make informed decisions. As the construction sector is a significant component of the overall economy, the PMI can provide insights into broader economic trends.

IHS Markit Germany Construction PMI is compiled from responses to questionnaires sent to a panel of about 150 construction company purchasing managers. The panel is stratified by company workforce size based on contributions to GDP. Survey responses are collected during the second half of each month and indicate the direction of change compared to the previous month. A reading above 50 indicates an overall increase compared to the previous month; below 50 signals an overall decrease.

The France Construction Purchasing Managers' Index (PMI) is a monthly economic indicator that measures the performance of the construction sector in France. Compiled by the IHS Markit, it is based on a survey of purchasing managers from construction companies. The PMI is a highly-regarded index, reflecting changes in activity, employment, new orders, and prices within the construction industry.

A PMI reading above 50 indicates expansion in the construction sector, while a reading below 50 signifies contraction. As a leading indicator of economic performance, the France Construction PMI can provide valuable insights for investors, businesses, and policymakers about the health of the French construction industry and its potential impact on economic growth.

The Eurozone Construction Purchasing Managers' Index (PMI) is a leading economic indicator that measures the performance of the construction sector in the Eurozone. It is a composite index derived from survey data collected from purchasing managers in the construction industry. The survey includes measures of employment, new orders, output, prices, and delivery times, as well as other aspects related to the construction sector.

A PMI value above 50 indicates expansion in the construction sector, while a value below 50 signals a contraction. The Eurozone Construction PMI is closely watched by investors and policymakers since it provides insights into the health of the construction sector, which is a key component of the overall economy. The results can have a significant impact on interest rate decisions, currency movements, and investment decisions by both financial institutions and governments.

Luis de Guindos, Vice-President of the European Central Bank, is set to speak. His speeches often contain indications on the future possible direction of monetary policy.

New Passenger Cars Registration

Italian Retail Sales measures the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the EUR while a lower than expected reading should be taken as negative/bearish for the EUR.

The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction. It gives an indication about the health of the construction section in the UK. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The car registrations published by the European Automobile Manufacturers’ Association (ACEA) describe the number of new passenger car registrations in the United Kingdom. If the number increases, this is a sign of increasing consumption. At the same time, British carmakers are earning more money, leading to rising profits. This generally boosts the economy - and vice versa. If car registrations are higher than expected, this usually leads to a rising pound (GBP) exchange rate on the currency markets. Conversely, the pound exchange rate (GBP) falls if new registrations are lower than expected or if expectations are missed.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the EUR while a lower than expected reading should be taken as negative/bearish for the EUR.

Deutsche Bundesbank President and voting member of the ECB Governing Council from Jan 2022. He's believed to be one of the most influential members of the council. ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

The Consumer Price Index (CPI) is a significant economic indicator in Ghana. It measures the average change over time in the prices paid by urban consumers for a basket of consumer goods and services, including food, transportation, and medical care.

Provided by the Ghana Statistical Service, the CPI is used to calculate inflation, which is an important aspect in assessing the economic health of Ghana. It also plays a critical role in determining the monetary policy of the country.

Changes in the CPI are closely watched by economists, investors, and policymakers as they can indicate the direction of the Ghanaian economy. A high CPI indicates high inflation, which generally signals economic instability. A low or stable CPI, on the other hand, suggests a healthy economy.

FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

This consists of additions to the assets of producers of tangible reproducible goods which have an expected lifetime of use of one year or more. The producers in question may be industries, producers of Government services and producers of private non-profit services to household. The capital goods may be purchased or produced on own account. Sales less purchases of second-hand fixed assets and sales of scrapped fixed assets by producers should be deducted from gross fixed capital formation. Gross Capital formation consists of; Gross Fixed Capital Formation= Aquisition less disposals of fixed assets + Improvements to land AND Inventories=Finished Goods, Materials/Fuel, Work in Progress AND Valuables= Goods of value not used in consumption or production

This consists of additions to the assets of producers of tangible reproducible goods which have an expected lifetime of use of one year or more. The producers in question may be industries, producers of Government services and producers of private non-profit services to household. The capital goods may be purchased or produced on own account. Sales less purchases of second-hand fixed assets and sales of scrapped fixed assets by producers should be deducted from gross fixed capital formation. Gross Capital formation consists of; Gross Fixed Capital Formation= Aquisition less disposals of fixed assets + Improvements to land AND Inventories=Finished Goods, Materials/Fuel, Work in Progress AND Valuables= Goods of value not used in consumption or production

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.

A higher than expected reading should be taken as negative/bearish for the BRL, while a lower than expected reading should be taken as positive/bullish for the BRL.

The Bank Rate is an economic calendar event in Malawi that showcases the interest rate set by the Reserve Bank of Malawi (RBM). This is the rate at which the central bank lends money to commercial banks in the country. Policy decisions regarding the bank rate are used as a tool by the RBM to either stimulate economic growth or control inflation.

Changes in the bank rate can impact the economy in several ways, including influencing borrowing and lending rates offered by commercial banks, as well as encouraging or discouraging consumer spending and business investment. An increase in the bank rate generally leads to higher borrowing costs, which may slow economic activity, while a decrease in the rate has the potential to stimulate growth by making credit more affordable.

Investors and market participants closely monitor the bank rate announcements, as they can influence the value of the Malawian kwacha and other financial market instruments. Consequently, it is a vital indicator of monetary policy direction and the overall health of the Malawian economy.

Challenger Job Cuts, released by Challenger, Grey & Christmas monthly, provides information on the number of announced corporate layoffs by industry and region. The report is an indicator used by investors to determine the strength of the labor market. A lower than expected number should be taken as positive to the USD, while a higher than expected number as negative

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The ECB Publishes Account of Monetary Policy Meeting is an economic event in the Euro Zone, where the European Central Bank (ECB) releases a detailed record of its most recent monetary policy meeting. This report provides insights into the policymakers' discussions and decisions regarding interest rates, asset purchases, and other relevant economic matters.

Investors, financial analysts, and traders closely monitor this event to get a deeper understanding of the ECB's stance on the Euro Zone's economic conditions and potential policy changes in the future. The report may include crucial information on the policymakers' views on inflation, growth, and employment, as well as any potential risks that may affect the region's economic outlook.

Depending on the content of the report, the market may react with fluctuations in the Euro currency value and European financial markets. Fundamentally, a hawkish tone indicating a possible tightening of monetary policy might lead to a rise in the Euro, while a dovish tone suggesting an easing of monetary policy may result in a depreciation of the currency.

Challenger Job Cuts measures the change in the number of job cuts announced by employers.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The Import Price Index measures the change in the price of imported goods and services purchased domestically.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week.

As the week to week numbers might be very volatile, the four week moving average smooths the weekly data and used for the initial jobless claims metric A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

Nonfarm Productivity measures the annualized change in labor efficiency when producing goods and services, excluding the farming industry. Productivity and labor-related inflation are directly linked-a drop in a worker's productivity is equivalent to a rise in their wage.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Unit Labor Costs measure the annualized change in the price businesses pay for labor, excluding the farming industry. It is a leading indicator of consumer inflation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Export price tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The exports number provides the total US dollar amount of merchandise exports. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

The Import Price Index measures the change in the price of imported goods and services purchased domestically. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The Imports number measures any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. A lower than expected number should be taken as positive to the USD, while a higher than expected number as negative.

Factory Orders measures the change in the total value of new purchase orders placed with manufacturers. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Factory Orders measures the change in the total value of new purchase orders placed with manufacturers, but excluding all orders related to the transportation industry. The report also includes a revision of the Durable Goods Orders data released about a week earlier as well as data new data on non-durable goods orders. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

 Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. A higher than expected number should be taken as positive to the RUB, while a lower than expected number as negative

The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.

While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable energy sector.

If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.

If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.

U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.

German Buba Balz Speaks is an economic calendar event that highlights a public speaking engagement or presentation made by a high-ranking official from the Bundesbank (Germany's central bank). During this event, the speaker typically shares insights and updates on the country's economy, inflation, monetary policy, and other key factors impacting Germany's financial landscape.

Investors and market participants pay close attention to these speeches as they may contain valuable information on the central bank's future monetary policy decisions, which can influence the German financial markets, the euro currency, and European bond markets. Any remarks made by the Buba Balz speaker could also serve as an indicator of the overall economic health and direction for Germany, Europe's largest economy.

German Buba Balz Speaks events should be monitored closely by those seeking to make informed decisions or gain an understanding of trends, changes, and developments within German and European financial markets.

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the BRL, while a lower than expected reading should be taken as negative/bearish for the BRL.

Michelle W. Bowman took office as a member of the Board of Governors of the Federal Reserve System on November 26, 2018, to fill an unexpired term ending January 31, 2020. Her public engagements are often used to drop subtle clues regarding future monetary policy.

Reserve Balances with Federal Reserve Banks is the amount of money that depository institutions maintain in their accounts at their regional Federal Reserve Banks.

The Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed's balance sheet are disclosed by the Fed in a weekly report called "Factors Affecting Reserve Balances."

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.

A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figureA higher than expected reading should be taken as positive/bullish for the KRW , while a lower than expected reading should be taken as negative/bearish for the KRW.

Official reserve assets comprises foreign currency reserves, IMF reserve position, SDRs and gold. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.