Calendar

June, 2019
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TodayYesterday
DateTimeCurrencyImpactDescription
Today
19 Jun
7:50AM JPY LOWTrade Balance
Source Ministry of Finance (latest release)
Measures Difference in value between imported and exported goods during the reported month;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 16, 2019Jul 16, 2019
FF Notes This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. A positive number indicates that more goods were exported than imported;
Why Traders
Care
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
Also Called Adjusted Merchandise Trade Balance;
8:30AM AUD LOWMI Leading Index m/m
Source Melbourne Institute (latest release)
Measures Change in the level of a composite index based on 9 economic indicators;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, usually the third Wednesday after the month ends;
Next Release Jul 16, 2019Jul 16, 2019
FF Notes This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Full reports are only available to Melbourne Institute subscribers;
Derived Via Combined reading of 9 economic indicators related to consumer confidence, housing, stock market prices, unemployment expectations, hours worked, commodity prices, and interest rate spreads;
Also Called Westpac/MI Indexes of Economic Activity, Westpac Leading Index;
Acro Expand Melbourne Institute (MI);
2:00PM EUR LOWGerman PPI m/m
Source Destatis (latest release)
Measures Change in the price of goods sold by manufacturers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 19, 2019Jul 19, 2019
Why Traders
Care
It's a leading indicator of consumer inflation - when manufacturers charge more for goods the higher costs are usually passed on to the consumer;
Acro Expand Producer Price Index (PPI);
4:00PM EUR LOWCurrent Account
Source European Central Bank (latest release)
Measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous month;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 50 days after the month ends;
Next Release Jul 19, 2019Jul 19, 2019
FF Notes This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. The goods portion has no impact because it's a duplicate of the Trade Balance data released about a week earlier;
Why Traders
Care
It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the region;
4:00PM EUR LOWItalian Trade Balance
Source Istat (latest release)
Measures Difference in value between imported and exported goods during the reported month;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 45 days after the month ends;
Next Release Jul 15, 2019Jul 15, 2019
FF Notes A positive number indicates that more goods were exported than imported. This is one of the few non-seasonally adjusted numbers reported on the calendar, as it's the primary calculation for this indicator;
4:30PM GBP HIGHCPI y/y
Source Office for National Statistics (latest release)
Measures Change in the price of goods and services purchased by consumers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 16 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes This is considered the UK's most important inflation data because it's used as the central bank's inflation target;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via The average price of various goods and services are sampled and then compared to the sampling done a year earlier;
Acro Expand Consumer Price Index (CPI);
4:30PM GBP MEDIUMPPI Input m/m
Source Office for National Statistics (latest release)
Measures Change in the price of goods and raw materials purchased by manufacturers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 15 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
Why Traders
Care
It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer;
Acro Expand Producer Price Index (PPI), Consumer Price Index (CPI);
4:30PM GBP LOWCore CPI y/y
Source Office for National Statistics (latest release)
Measures Change in the price of goods and services purchased by consumers, excluding the volatile food, energy, alcohol, and tobacco items;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 16 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes The Core data has a mild impact relative to other countries because overall CPI is the central bank's mandated inflation target;
Acro Expand Consumer Price Index (CPI);
4:30PM GBP LOWHPI y/y
Source UK Government (latest release)
Measures Change in the selling price of homes;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 45 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Source first released in Jun 2016;
Acro Expand House Price Index (HPI);
4:30PM GBP LOWPPI Output m/m
Source Office for National Statistics (latest release)
Measures Change in the price of goods sold by manufacturers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 15 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Only includes goods produced domestically;
Also Called Factory Gate Prices;
Acro Expand Producer Price Index (PPI);
4:30PM GBP LOWRPI y/y
Source Office for National Statistics (latest release)
Measures Change in the price of goods and services purchased by consumers for the purpose of consumption;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 16 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households, and it includes housing costs which are excluded from CPI;
Acro Expand Retail Price Index (RPI), Consumer Price Index (CPI);
6:00PM GBP LOWCBI Industrial Order Expectations
Source Confederation of British Industry (latest release)
Measures Level of a diffusion index based on surveyed manufacturers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Jul 24, 2019Jul 24, 2019
FF Notes Above 0 indicates increasing order volume is expected, below indicates expectations are for lower volume;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their expectations can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via Survey of about 550 manufacturers which asks respondents to rate the relative level of order volume expected during the next 3 months;
Also Called Industrial Trends Survey;
Acro Expand Confederation of British Industry (CBI);
8:30PM CAD HIGHCPI m/m
Source Statistics Canada (latest release)
Measures Change in the price of goods and services purchased by consumers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes This is the most important inflation-related release due to its earliness and broad scope. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via The average price of various goods and services are sampled and then compared to the previous sampling;
Also Called All Items CPI;
Acro Expand Consumer Price Index (CPI);
8:30PM CAD MEDIUMCommon CPI y/y
Source Statistics Canada (latest release)
Measures Change in the price of goods and services, purchased by consumers, which have similar price variations over time;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Source first released in Dec 2016;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via The average price of various goods and services are sampled and then compared to the previous sampling;
Acro Expand Consumer Price Index (CPI);
8:30PM CAD MEDIUMMedian CPI y/y
Source Statistics Canada (latest release)
Measures Change in the median price of goods and services purchased by consumers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Source first released in Dec 2016;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via The average price of various goods and services are sampled and then compared to the previous sampling;
Acro Expand Consumer Price Index (CPI);
8:30PM CAD MEDIUMTrimmed CPI y/y
Source Statistics Canada (latest release)
Measures Change in the price of goods and services purchased by consumers, excluding the most volatile 40% of items;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Source first released in Dec 2016;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via The average price of various goods and services are sampled and then compared to the previous sampling;
Acro Expand Consumer Price Index (CPI);
8:30PM CAD LOWCore CPI m/m
Source Statistics Canada (latest release)
Measures Change in the price of goods and services purchased by consumers, excluding the 8 most volatile items;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 17, 2019Jul 17, 2019
FF Notes Volatile items account for about a quarter of CPI but they tend to be very volatile and distort the underlying trend. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Also Called CPI Ex Volatile Items;
Acro Expand Consumer Price Index (CPI);
9:00PM CHF LOWSNB Quarterly Bulletin
Source Swiss National Bank (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Released quarterly;
Next Release Sep 25, 2019Sep 25, 2019
FF Notes Tends to have a mild impact because much of the information is released 2 weeks earlier in the Monetary Policy Assessment;
Acro Expand Swiss National Bank (SNB);
10:00PM EUR HIGHECB President Draghi Speaks
Description Due to deliver closing remarks at the ECB Forum on Central Banking, in Sintra;
Source European Central Bank (latest release)
Speaker ECB President Mario Draghi;
Usual Effect More hawkish than expected is good for currency;
FF Notes ECB President Nov 2011 - Nov 2019. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders
Care
As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Acro Expand European Central Bank (ECB);
10:30PM USD LOWCrude Oil Inventories
Source Energy Information Administration (latest release)
Measures Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;
Usual Effect No consistent effect - there are both inflationary and growth implications;
Frequency Released weekly, 4 days after the week ends;
Next Release Jun 26, 2019Jun 26, 2019
FF Notes While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;
Why Traders
Care
It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility;
Also Called Crude Stocks, Crude Levels;
Acro Expand Energy Information Administration (EIA);
20 Jun2:00AM USD HIGHFOMC Economic Projections
Source Federal Reserve (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Scheduled 4 times per year;
Next Release Sep 18, 2019Sep 18, 2019
FF Notes This report includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts. Source first released in Apr 2011;
Why Traders
Care
It's the primary tool the Fed uses to communicate their economic and monetary projections to investors;
Acro Expand Federal Open Market Committee (FOMC);
2:00AM USD HIGHFOMC Statement
Source Federal Reserve (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Scheduled 8 times per year;
Next Release Jul 31, 2019Jul 31, 2019
FF Notes The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on;
Why Traders
Care
It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;
Also Called Interest Rate Statement, Fed Statement, Monetary Policy Statement;
Acro Expand Federal Open Market Committee (FOMC);
2:00AM USD HIGHFederal Funds Rate
Source Federal Reserve (latest release)
Measures Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Scheduled 8 times per year;
Next Release Jul 31, 2019Jul 31, 2019
FF Notes The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
Why Traders
Care
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Derived Via FOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement;
Also Called Interest Rates, Fed Funds Rate;
Acro Expand Federal Open Market Committee (FOMC);
2:30AM USD HIGHFOMC Press Conference
Source Federal Reserve (latest release)
Speaker Federal Reserve Chair;
Usual Effect More hawkish than expected is good for currency;
Frequency Scheduled 8 times per year;
Next Release Jul 31, 2019Jul 31, 2019
FF Notes The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the Fed's Ustream channel in real-time. Source first conducted in Apr 2011;
Why Traders
Care
It's among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
Also Called Chair's Press Briefing;
Acro Expand Federal Open Market Committee (FOMC), Federal Reserve (Fed);
6:45AM NZD HIGHGDP q/q
Source Statistics New Zealand (latest release)
Measures Change in the inflation-adjusted value of all goods and services produced by the economy;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released quarterly, about 75 days after the quarter ends;
Next Release Sep 18, 2019Sep 18, 2019
Why Traders
Care
It's the broadest measure of economic activity and the primary gauge of the economy's health;
Acro Expand Gross Domestic Product (GDP);
9:30AM AUD LOWRBA Bulletin
Source Reserve Bank of Australia (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Released Quarterly;
Next Release Sep 18, 2019Sep 18, 2019
FF Notes Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010;
Why Traders
Care
It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint;
Acro Expand Reserve Bank of Australia (RBA);
10:35AM AUD HIGHRBA Gov Lowe Speaks
Description Due to speak about the labor markets and spare capacity, at the Committee for the Economic Development of Australia luncheon, in Adelaide. Audience questions expected;
Source Reserve Bank of Australia (latest release)
Speaker RBA Governor Philip Lowe;
Usual Effect More hawkish than expected is good for currency;
FF Notes RBA Governor Oct 2016 - Sep 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders
Care
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;
Acro Expand Reserve Bank of Australia (RBA);
12:30PM JPY LOWAll Industries Activity m/m
Source METI (latest release)
Measures Change in the total value of goods and services purchased by businesses;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 50 days after the month ends;
Next Release Jul 19, 2019Jul 19, 2019
FF Notes Tends to have a muted impact because the services data, which accounts for around 60% of total industry activity, is covered in the Tertiary Industry Activity report released about a week earlier;
Why Traders
Care
It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment;
2:00PM CHF LOWTrade Balance
Source Federal Statistical Office (latest release)
Measures Difference in value between imported and exported goods during the reported month;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 22 days after the month ends;
Next Release Jul 18, 2019Jul 18, 2019
FF Notes A positive number indicates that more goods were exported than imported. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
Why Traders
Care
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
4:00PM EUR LOWECB Economic Bulletin
Source European Central Bank (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency 8 times per year, 2 weeks after the Minimum Bid Rate is announced;
Next Release Aug 8, 2019Aug 8, 2019
FF Notes Tends to have a muted impact because some parts of the bulletin are released early. Source first released in Feb 2015;
Why Traders
Care
It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint;
Acro Expand European Central Bank (ECB);
4:30PM GBP HIGHRetail Sales m/m
Source Office for National Statistics (latest release)
Measures Change in the total value of inflation-adjusted sales at the retail level;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 18, 2019Jul 18, 2019
FF Notes Source changed series calculation formula as of Feb 2010;
Why Traders
Care
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
Also Called Sales Volume, All Retailers sales;
7:00PM GBP HIGHMPC Official Bank Rate Votes
Source Bank of England (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Released monthly;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes The vote is reported in an 'X-X-X' format - the first number is how many MPC members voted to increase interest rates, the second number is how many voted to decrease rates, and the third is how many voted to hold rates;
Why Traders
Care
The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future;
Acro Expand Monetary Policy Committee (MPC);
7:00PM GBP HIGHMonetary Policy Summary
Source Bank of England (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Released monthly;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes Source first released in Aug 2015;
Why Traders
Care
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;
7:00PM GBP HIGHOfficial Bank Rate
Source Bank of England (latest release)
Measures Interest rate at which the BOE lends to financial institutions overnight;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Scheduled monthly;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes The rate decision is usually priced in the market, so it tends to be overshadowed by the Monetary Policy Summary, which is focused on the future;
Why Traders
Care
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Derived Via MPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes;
Also Called Interest Rates;
Acro Expand Bank of England (BOE), Monetary Policy Committee (MPC);
7:00PM GBP MEDIUMAsset Purchase Facility
Source Bank of England (latest release)
Measures Total value of money the BOE will create and use to purchase assets in the open market;
Usual Effect 'Actual' less than 'Forecast' is good for currency;
Frequency Scheduled monthly;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes Source began this program in Mar 2009, in response to the financial crisis;
Why Traders
Care
It increases demand for bonds which usually leads to lower long-term interest rates;
Derived Via MPC members vote on the total amount of money to create for the program. The individual votes are published 2 weeks later in the MPC Meeting Minutes;
Also Called Quantitative Easing Programme, Money Printing Programme;
7:00PM GBP MEDIUMMPC Asset Purchase Facility Votes
Source Bank of England (latest release)
Usual Effect More hawkish than expected is good for currency;
Frequency Released monthly;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes The vote is reported in an 'X-X-X' format - the first number is how many MPC members voted to increase the stock of asset purchases, the second number is how many voted to decrease the stock of asset purchases, and the third is how many voted to hold asset purchases. Source first released in Mar 2009;
Why Traders
Care
The BOE's MPC meeting minutes contain the asset purchase vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on asset purchases and how close the committee is to enacting a change in future purchases;
Acro Expand Asset Purchase Facility (APF), Bank of England (BOE), Monetary Policy Committee (MPC);
8:30PM USD MEDIUMPhilly Fed Manufacturing Index
Source Federal Reserve Bank of Philadelphia (latest release)
Measures Level of a diffusion index based on surveyed manufacturers in Philadelphia;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around the middle of the current month;
Next Release Jul 18, 2019Jul 18, 2019
FF Notes Above 0.0 indicates improving conditions, below indicates worsening conditions;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via Survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions;
Also Called Philadelphia Fed Business Outlook Survey;
8:30PM USD LOWCurrent Account
Source Bureau of Economic Analysis (latest release)
Measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released quarterly, about 75 days after the quarter ends;
Next Release Sep 19, 2019Sep 19, 2019
FF Notes The goods and services portion has no impact because it's a duplicate of the monthly Trade Balance data;
Why Traders
Care
It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
Also Called International Transactions;
8:30PM USD LOWUnemployment Claims
Source Department of Labor (latest release)
Measures The number of individuals who filed for unemployment insurance for the first time during the past week;
Usual Effect 'Actual' less than 'Forecast' is good for currency;
Frequency Released weekly, 5 days after the week ends;
Next Release Jun 27, 2019Jun 27, 2019
FF Notes This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes;
Why Traders
Care
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;
Also Called Jobless Claims, Initial Claims;
8:30PM CAD LOWADP Non-Farm Employment Change
Source Automatic Data Processing, Inc. (latest release)
Measures Estimated change in the number of employed people, excluding the farming industry;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, on the third Thursday after the month ends;
Next Release Jul 18, 2019Jul 18, 2019
FF Notes Source first released in Nov 2017;
Why Traders
Care
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via ADP analyzes payroll data from more than 2 million workers to derive employment growth estimations;
Also Called ADP Canada National Employment Report;
Acro Expand Automatic Data Processing, Inc. (ADP);
10:00PM EUR LOWConsumer Confidence
Source Eurostat (latest release)
Measures Level of a diffusion index based on surveyed consumers;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 22 days into the current month;
Next Release Aug 29, 2019Aug 29, 2019
FF Notes Above 0 indicates optimism, below indicates pessimism. There are 2 versions of this report released about a week apart Flash and Final. The Flash release, which the source first reported in Jan 2010, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance;
Why Traders
Care
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via Survey of about 2,300 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, employment, inflation, and climate for major purchases;
10:00PM USD LOWCB Leading Index m/m
Source The Conference Board Inc. (latest release)
Measures Change in the level of a composite index based on 10 economic indicators;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release Jul 18, 2019Jul 18, 2019
FF Notes This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Source changed series calculation formula as of Jan 2012;
Derived Via Combined reading of 10 economic indicators related to employment, new orders, consumer confidence, housing, stock market prices, credit trends, and interest rate spreads;
Also Called Leading Indicators;
Acro Expand The Conference Board (CB);
10:30PM USD LOWNatural Gas Storage
Source Energy Information Administration (latest release)
Measures Change in the number of cubic feet of natural gas held in underground storage during the past week;
Usual Effect No consistent effect - there are both inflationary and growth implications;
Frequency Released weekly, 5 days after the week ends;
Next Release Jun 27, 2019Jun 27, 2019
FF Notes Inventories are used to maintain price stability during supply shortages and periods of increasing demand;
Also Called Nat Gas Stocks, Nat Gas Inventories, Working Gas;
Acro Expand Energy Information Administration (EIA);
21 Jun4:00AM GBP HIGHBOE Gov Carney Speaks
Description Due to speak at the Mansion House dinner, in London;
Source Bank of England (latest release)
Speaker BOE Governor Mark Carney;
Usual Effect More hawkish than expected is good for currency;
Next Release Aug 1, 2019Aug 1, 2019
FF Notes BOE Governor Jul 2013 - Jan 2020. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders
Care
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;
Acro Expand Bank of England (BOE);
7:00AM AUD LOWFlash Manufacturing PMI
Source Markit (latest release)
Measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Jul 21, 2019Jul 21, 2019
FF Notes Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart Flash and Final. The Flash release, which the source first reported in Oct 2018, is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Acro Expand Purchasing Managers' Index (PMI);
7:00AM AUD LOWFlash Services PMI
Source Markit (latest release)
Measures Level of a diffusion index based on surveyed purchasing managers in the services industry;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Jul 21, 2019Jul 21, 2019
FF Notes Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart Flash and Final. The Flash release, which the source first reported in Oct 2018, is the earliest and thus tends to have the most impact. The Final is not included for lack of significance;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Acro Expand Purchasing Managers' Index (PMI);
7:30AM JPY LOWNational Core CPI y/y
Source Statistics Bureau (latest release)
Measures Change in the price of goods and services purchased by consumers, excluding fresh food;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, usually on the third Friday of the following month;
Next Release Jul 18, 2019Jul 18, 2019
Also Called Core CPI, National CPI Ex Fresh Food;
Acro Expand Consumer Price Index (CPI);
8:30AM JPY LOWFlash Manufacturing PMI
Source Markit (latest release)
Measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Jul 23, 2019Jul 23, 2019
FF Notes Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart Flash and Final. The Flash release, which the source first reported in May 2014, is the earliest and thus tends to have the most impact;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Also Called Nikkei Manufacturing PMI;
Acro Expand Purchasing Managers' Index (PMI);

All rates above shown are indicative only and may not be current market rates. For actual rates please contact Mysmartgold Sdn. Bhd. indicative rates are not applicable after office hours in Malaysia.


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