logo

FX.co ★ Traders economic calendar. Period: Yesterday

It is impossible to get a clear and balanced picture of the market situation and make a profitable deal without a special tool of fundamental analysis, the Economic Calendar. This is a schedule of significant releases of key economic indicators, events, and news. Every investor needs to keep track of important macroeconomic data, announcements from central banks’ officials, speeches of political leaders, and other events in the financial world. The Economic Calendar indicates the time of data release, its importance, and ability to affect the exchange rates.
Country:
All
Australia
Germany
Japan
European Union
United States
United Kingdom
Canada
New Zealand
Switzerland
Italy
Russian Federation
Sweden
France
China
Belgium
Greece
Mexico
Spain
Importance:
All
Low
Medium
High
Date
Event
Actual
Forecast
Previous
Imp.
Wednesday, 2 December, 2020
00:01
BRC Shop Price Index (Nov)
-1.8%
-1.3%
-1.2%

Change in the price of goods purchased at BRC-member retail stores.

Leads the government-released consumer inflation data by about 10 days, but has a narrower scope as it only includes goods purchased from retailers who belong to the BRC. This data is usually released 1 day before the Bank of England interest rate decision. Full reports are only available to BRC subscribers.

00:30
Gross Domestic Product (3 quarter)
3.3% q/q;
-3.8% y/y
2.5% q/q;
-4.4% y/y
-7.0% q/q;
-6.3% y/y

A comprehensive measure of Australia's overall production and consumption of goods and services. GDP is a significant reportserving 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 Australian Dollar, while negative readings are generally bearish.

Most production reports that lead to Australian 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.

05:00
Consumer Confidence (Nov)
33.7
33.0
33.6

Consumer Confidence is a measure of popular sentiment concerning the Japanese economy. The figure is derived from a survey that asks thousands of Japanese consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though the Japanese economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

07:00
Retail Sales (Oct)
2.6% m/m;
8.2% y/y
1.3% m/m;
5.9% y/y
-1.9% m/m;
7.0% y/y

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy since private consumption makes up a large portion of German Gross Domestic Product. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

07:30
CPI (Nov)
-0.2% m/m;
-0.7% y/y
-0.1% m/m;
-0.5% y/y
0.0% m/m;
-0.6% y/y

It is the key gauge for inflation in Switzerland. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.

As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc.

07:30
Consumer Price Index - EU Harmonised (Nov)
-0.4% m/m;
-0.8% y/y
-
0.0% m/m;
-0.9% y/y

The Consumer Price Index - EU Harmonised is economic indicator constructed to measure the changes over time in the prices of consumer goods and services acquired by households. The HICPs give comparable measures of inflation in the euro-zone, the EU, the European Economic Area and for other countries including accession and candidate countries. They are calculated according to a harmonised approach and a single set of definitions. They provide the official measure of consumer price inflation in the euro-zone for the purposes of monetary policy in the euro area and assessing inflation convergence as required under the Maastricht criteria.

08:00
Unemployment Change (Nov)
25.3K
54.5K
49.6K

The indicator shows the number of unemployed people in Spain.

09:00
Unemployment Rate (Oct)
9.8%
9.9%
9.7%

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.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

10:00
PPI (Oct)
0.4% m/m;
-2.0% y/y
0.2% m/m;
-2.4% y/y
0.4% m/m;
-2.3% y/y

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods prices do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

10:00
Unemployment Rate (Oct)
8.4%
8.4%
8.5%

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.

The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

10:30
10-y Bond Auction (Dec)
0.432%;
2.72
-
0.496%;
2.51

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.

13:15
ADP Non-Farm Employment Change (Nov)
307K
433K
404K

The ADP Non-Farm Employment Change measures the change in the number of newly employed people in the USA, excluding workers in the farming industry.

13:30
Labor Productivity (3 quarter)
-10.3%
-6.9%
10.5%

The average productivity level of Canadian workers. Labour Productivity is calculated by dividing the gross domestic product (GDP) by the number of hours worked, yielding output per hour, which is the key measure of productivity growth. The availability of better technology and higher levels of education among the workforce are factors commonly attributed to increased productivity. Growth in labour productivity is usually seen as a sign of a healthy economy because higher productivity allows higher output for a fixed population. Rising Labour Productivity can also offset inflationary pressures associated with economic growth and spending. Economic expansion attributed to increased Labour Productivity will not result in inflation, meaning that central banks will not need to increase interest rates during times of high growth.

The headline figure is the percentage change in output per hour.

14:00
FOMC Member Randal K. Quarles Speaks
-
-
-

Federal Reserve Governor Randal Quarles - FOMC voting member Oct 2017 - Jan 2032.

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

14:00
FOMC Member John C. Williams Speaks
-
-
-

John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

15:00
Federal Reserve Chairman Jerome Powell Speaks
-
-
-

Federal Reserve Chair Jerome Powell.

Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

15:00
FOMC Member Patrick T. Harker Speaks
-
-
-

Federal Reserve Bank of Philadelphia President Patrick Harker.

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

15:00
Treasury Secretary Steven Mnuchin Speaks
-
-
-

US Treasury Secretary Feb 2017 - Jan 2021. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar.

It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments.

15:30
Crude Oil Inventories (Nov)
-679K
-1700K
-754K

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

18:00
FOMC Member John C. Williams Speaks
-
-
-

John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

19:00
Beige Book
-
-
-

Report on current economic conditions in each of the 12 Federal Reserve districts covering the entire US. Regional Banks in the Federal Reserve System gather anecdotal information based on surveys of executives, economist and market participants. The Beige Book summarizes this data into a relatively short document, giving a picture of economic trends and challenges faced by different parts of the nation.

In addition to providing useful information on the economy, the report is also a window into how FOMC members may vote at the next interest rate policy meeting. Because each report is based on anecdotal information as much as statistics, it is subjective and may reflect opinions of district governors. As the only comprehensive report made available to the public, the Beige Book provides a rare opportunity for markets to better understand the Federal Reserve and its views on the economy.

21:30
AIG Construction Index (Nov)
55.3
-
52.7

Survey of about 120 construction companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction.

21:45
Building Permits (Oct)
8.8%
-
3.6%

The number of new building projects authorized for construction New Zealand . Building Consents, or Building Permits, are issued when a building project has been authorized to begin construction. Since Building Consents serve as one of the earliest signals of expanded housing supply, the report is a leading indicator for the overall housing market. Also, because of the high outlays needed for construction projects Building Permits suggests optimism for corporate or consumer spending. Lastly, housing indicators are popular leading indicators due to the multiplier effect that they have on the rest of the economy. The headline is the percentage change in new consents for the month.

Note: When looking deeper into the report it is important to analyze in detail what the type of projects the consents are for, as Building Consents include residential housing as well as 'big-ticket' non-residential buildings and government projects that can create large gyrations in the report month to month.

22:00
PMI Manufacturing (CBA) (Nov)
55.1
54.9
54.9

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

22:00
PMI Manufacturing (CBA) (Nov)
54.9
54.7
54.7

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.