AKFOREX CALENDAR 22 OCTOBER 2007 - 26 OCTOBER 2007
Date: Saturday, October 20 @ 11:16:02 GMT
Topic: Forex Events
CALENDAR 22 OCTOBER 2007 – 26 OCTOBER 2007
Monday, October 22, 2007
-GMT 11:30 USA Fed's Kroszner Speaks to Bankers in Washington
-GMT 18:45 EU ECB's Trichet Speaks in New York
Tuesday, October 23, 2007
-GMT 09:00 EU Industrial orders (m/m), (Aug) EST 0.9% PREVIOUS -4.0%
-GMT 09:00 EU Industrial orders (y/y), (Aug) EST 6.0% PREVIOUS 10.9%
-GMT 23:50 JPN Trade balance (Yen), (Sep) EST 1470.0B PREVIOUS 743.2B
-GMT 23:50 JPN Adjusted Trade Balance (Yen), (Sep) EST 916.3B PREVIOUS 1144.9B
Definition
Balance of trade figures are the sum of the money gained by a given economy by selling exports, minus the cost of buying imports. They form part of the balance of payments, which also includes other transactions such as international investment. The figures are usually split into visible and invisible balance figures. The visible balance represents the physical goods, and invisible represents other forms of trade, e.g. the service economy.
A positive balance of trade is known as a trade surplus and consists of exporting more (in financial capital terms) than one imports. A negative balance of trade is known as a trade deficit and consists of importing more than one exports. Neither is necessarily dangerous in modern economies, although large trade surpluses or trade deficits may sometimes be a sign of other economic problems.
If the balance of trade is positive, then the economy has received more money than it has spent. This may appear to be a good thing but may not always be so.
Wednesday, October 24, 2007
-GMT 07:00 EU ECB's Gonzalez-Paramo, Spain's Vegara Speak at Conference
-GMT 08:00 EU Current account (Aug) EST 2.0B PREVIOUS 1.7B
Definition
Balance of trade plus NET investment income & transfers. The difference between what the country earns and spends overseas. The ‘current account’ more specifically deals with the daily recurring transactions in the ordinary course of business. It involves international receipts & payments including trading receipts & payments, service receipts & payments and unilateral transfers such as payment of royalties, repatriation of after-tax profits & dividends, remittance of after-tax wages & other income by foreign employees and any payment of interest on foreign debts.
-GMT 14:00 USA Existing Homes (Sep) EST 5.25M PREVIOUS 5.50M
-GMT 14:00 USA Existing Homes (m/m),(Sep) EST -4.5% PREVIOUS -4.3%
Definition
Existing Home Sales is a measure of the selling rate of pre-owned single-family homes, collected by the National Association of Realtors from 650 realtor associations.
-GMT 20:00 NZD RBNZ Rate Decision EST 8.25% PREVIOUS 8.25%
-GMT 23:50 JPN Corporate Service Price (y/y) (Sep) EST 1.0% PREVIOUS 1.0%
Thursday, October 25, 2007
-GMT 08:00 GER IFO Business Climate (Oct) EST 103.8 PREVIOUS 104.2
-GMT 08:00 GER IFO Current Assessment (Oct) EST 109.4 PREVIOUS 109.9
-GMT 08:00 GER IFO Expectations (Oct) EST 98.3 PREVIOUS 98.7
Definition
The Ifo Business Climate Index is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as “good”, “satisfactorily” or “poor” and their business expectations for the next six months as “more favourable”, “unchanged” or “more unfavourable”. The balance value of the current business situation is the difference of the percentages of the responses “good” and “poor”, the balance value of the expectations is the difference of the percentages of the responses “more favourable” and “more unfavourable”. The business climate is a transformed mean of the balances of the business situation and the expectations. For calculating the index values the transformed balances are all normalized to the average of the year 2000.
-GMT 12:30 USA Durable Goods (m/m), (Sep) EST 1.5% PREVIOUS -4.9%
-GMT 12:30 USA ex Transportati (m/m), (Sep) EST 0.7% PREVIOUS -1.8%
Definition
Durable goods orders consist of products with a life span of more than three years. Examples of durable goods are autos,appliances, furniture, jewelry and toys.
This data is fairly important to foreign exchange markets because it gives a good indication of consumer confidence. Because durable goods cost more than
nondurables, a high number in this indicator shows consumer’s propensity to spend. Therefore , a good figure is generally bullish for the domestic currency.
-GMT 12:30 USA Initial Claims EST 320k PREVIOUS 337k
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.
-GMT 13:00 USA Fed's Consumer Advisory Council to Discuss Mortgage Rules
-GMT 14:00 USA New Home Sales (Sep) EST 775k PREVIOUS 795k
-GMT 14:00 USA New Home Sales (m/m),(Sep) EST -2.5% PREVIOUS -8.3%
Definition
The New Home Sales report shows the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends, and economic momentum signaling consumer purchases of furniture and appliances. Simply, the volume of sales indicates housing demand. Also, the monthly supply of homes serves as an input into the level of housing pressure.
However, when analyzing sales trends, one must remember to take into account unusual weather and seasonal effects.
-GMT 23:30 JPN CPI--Tokyo (m/m), (Oct) EST -0.1% PREVIOUS 0.1%
-GMT 23:30 JPN CPI--Tokyo (y/y), (Oct) EST 0% PREVIOUS -0.2%
Definition
The CPI-TOKYO measures the rate of inflation experienced by consumers living in Tokyo.
-GMT 23:30 JPN CPI--Tokyo core (m/m), (Oct) EST 0.0% PREVIOUS 0.0%
-GMT 23:30 JPN CPI--Tokyo core (y/y), (Oct) EST -0.3% PREVIOUS -0.3%
Definition
This indicator is a derivative of CPI-TOKYO that excludes the volatile fresh food components of the index.
-GMT 23:30 JPN CPI--Japan (m/m), (Sep) EST 0.1% PREVIOUS 0.5%
-GMT 23:30 JPN CPI--Japan (y/y), (Sep) EST -0.1% PREVIOUS -0.2%
Definition
The consumer price index (CPI) gauges the average change in retail prices for a fixed market basket of goods and services. The CPI data is compiled from a sample of prices for food, shelter, clothing, fuel, transportation and medical services that people purchase on daily basis.
-GMT 23:30 JPN CPI--Japan core (m/m), (Sep) EST 0.0% PREVIOUS 0.2%
-GMT 23:30 JPN CPI--Japan core (y/y), (Sep) EST -0.2% PREVIOUS -0.1%
Definition
This indicator is a derivative of CPI-JAPAN that excludes the volatile fresh food components of the index.
-GMT 23:50 JPN Industrial outp (m/m), (Sep) EST -1.3% PREVIOUS 3.5%
-GMT 23:50 JPN Industrial outp (y/y), (Sep) EST 1.1% PREVIOUS 4.4%
Definition
Industrial production consists of the total output of a nation¡¦s plants, utilities, and mines. From a fundamental point of view, it is an important economic indicator that reflects the strength of the economy, and by extrapolation, the strength of a specific currency.
Friday, October 26, 2007
-GMT 06:00 GER GFK Index (Nov) EST 6.5 PREVIOUS 6.8
Definition
This index is based on the following question to consumers: ‘How do you think the general economic situation will develop in the next 12 months?’ (improve – stagnate – deteriorate). About 2000 interviews are conducted each month.
-GMT 08:00 EU M3 (y/y), (Sep) EST % PREVIOUS 11.4%
-GMT 08:00 EU M3 3-month (y/y), (Sep) EST % PREVIOUS 11.6%
Definition
A category of the money supply that includes M2 in addition to all large time deposits, institutional money-market funds, short-term repurchase agreements and certain other large liquid assets.
-GMT 13:45 USA Michigan Sentiment (F Oct) EST 82.5 PREVIOUS 82.0
Definition
This survey measures the attitudes and expectations concerning both present and future economic conditions of 500 consumers. Just like Consumer Confidence, the
level of consumer sentiment is directly related to the strength of consumer spending. It is almost identical, with two subindexes - expectations and current conditions, but
has two monthly releases, a preliminary and final reading. The consumer expectations portion of the Michigan survey is a component of the leading economic indicators
index. Consumer spending accounts for two-thirds of the economy, so the markets follow any indicator relating to consumer behavior and attitudes. The more confident consumers are about the economy and their own personal finances, the more likely they are to spend. It is interesting to note that changes in consumer sentiment and retail sales don't move in tandem.
While AKFOREX attempts to ensure the accuracy of these data by using sources it believes to be reliable, release dates, times, items included and content are frequently subject to change, error and ommissions. These data shall not be construed as a recommendation to buy or sell any security. AKFOREX shall not assume any legal liability or responsibility for any incorrect, misleading or altered information contained herein.
|
|