Finotec Forex Calendar Watch Economic Events in Real Time

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Finotec provides you with an Economic Calendar in which you can check upcoming economic events in real time. Find out which indicators are to be released, how they will impact the forex and other financial markets and make you own forex calendar accordingly.

The Economic Calendar provides you with relevant information about major economic releases such as dates, times and market predictions. As such, the Forex Calendar is a determining trading tool used in fundamental analysis of all sorts of financial products including stocks, currency pairs and commodities. For example, when certain economic statistics are released, currency rates realign themselves accordingly.

News Trading

In most financial markets, the release of economic data and statistics tends to trigger short-term movements. The forex market is particularly reactive to economic news from all over the world. Considering the wide range of major and cross currencies available at Finotec, as well as their derivatives, there is always some piece of economic information slated for publication that traders may use to take on a new position. An average of seven indicators and other economic data which have an impact on the majors are released each day, providing many opportunities for those who trade the news. To find out what those data are, browse through the Forex calendar below:

Print Version

Date	Event	Currency	Period	Previous	Forecast	Actual
2008-11-21 12:00:00	Core CPI m/m	CAD	Oct	0.4%
Change in the price of goods and services purchased by consumers, excluding food and energy
2008-11-21 12:00:00	CPI m/m	CAD	Oct	0.1%
The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation's currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release.
2008-11-21 09:00:00	Manufacturing PMI	EUR	Nov	41.1	40.5
Flash The Chartered Institute of Purchasing and Supply (CIPS) Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their companyӳ performance, which can be a leading indicator of overall economic performance.
2008-11-21 09:00:00	Services PMI	EUR	Nov	46.9
Flash The Services Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-21 09:00:00	Italian Retail Sales m/m	EUR	Sep	-0.5%

2008-11-21 08:30:00	Manufacturing PMI	EUR	Nov	42.9
German Flash The Chartered Institute of Purchasing and Supply (CIPS) Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their companyӳ performance, which can be a leading indicator of overall economic performance.
2008-11-21 08:30:00	Services PMI	EUR	Nov	48.3
German Flash The Services Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-21 08:00:00	Manufacturing PMI	EUR	Nov	40.6
French Flash The Chartered Institute of Purchasing and Supply (CIPS) Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their companyӳ performance, which can be a leading indicator of overall economic performance.
2008-11-21 08:00:00	Services PMI	EUR	Nov	47.5	47.0
French Flash The Services Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-21 07:45:00	Consumer Spending m/m	EUR	Oct	0.6%	-0.5%
French
2008-11-21 00:00:00	Interest Rate Statement	JPY
Tentative Central Bank set the nation's short term interest rate (i.e., "bank rate"). A rising trend in interest rates has a positive effect on the nation's currency. Short term rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.
2008-11-20 13:30:00	Wholesale Sales m/m	CAD	Sep	-1.5%
Measures the total value of sales at the wholesale level. A rising trend has a positive effect on the nation's currency because increased sales at the wholesale level are a good indication that there is high consumer demand at the retail level.
2008-11-20 13:30:00	Unemployment Claims	USD	Weekly	516.0K
Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-20 09:30:00	Retail Sales m/m	GBP	Oct	-0.4%	-0.8%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-20 09:30:00	Public Sector Net Borrowing	GBP	Oct	8.1B
Measures the difference between spending and income for the government and public corporations. A rising trend has a positive effect on the nation\'s currency because high levels of borrowing are a signal of investment and economic expansion.
2008-11-20 07:15:00	Trade Balance	CHF	Oct	1.44B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-20 07:00:00	PPI m/m	EUR	Oct	0.3%	-0.5%
German The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
2008-11-20 00:00:00	Treasury Sec Paulson Speaks	USD
Tentative
2008-11-19 19:00:00	FOMC Meeting Minutes	USD
The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes expose the votes cast at the meeting and can give traders further insight into the central bank's stance on monetary policy. Traders carefully comb the minutes for clues regarding future interest rate shifts.
2008-11-19 15:35:00	Crude Oil Inventories	USD
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
2008-11-19 13:30:00	Leading Index m/m	CAD	Oct	-0.2%
Measures overall economic health by combining ten leading indicators including average weekly hours, new orders, consumer expectations, housing permits, stock prices, and interest rate spreads. The index is published monthly by The Conference Board, a leading private US research group, but traders tend to pay little attention because the components that make up the index are reported at an earlier date.
2008-11-19 13:30:00	Building Permits	USD	Oct	0.81m	0.78m
Measures the annualized number of new residential building permits issued during the previous month. A rising trend has a positive effect on the nation's currency because obtaining a permit is one of the first steps in the home construction process. Permits therefore act as a leading indicator for the housing market. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
2008-11-19 13:30:00	Core CPI m/m	USD	Oct	0.1%	0.2%
Change in the price of goods and services purchased by consumers, excluding food and energy
2008-11-19 13:30:00	CPI m/m	USD	Oct	0.0%	-0.5%
The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation's currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release.
2008-11-19 13:30:00	Housing Starts	USD	Oct	0.82M	0.80M
Measures the annualized number of new residential buildings that began construction during the previous month. A rising trend has a positive effect on the nation's currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
2008-11-19 11:00:00	CBI Industrial Trends Orders	GBP	Nov	-39.0	-42.0
The Confederation of British Industry (CBI) Industrial Trends Orders measures the value of new purchase orders placed with domestic manufacturers. A rising trend has a positive effect on the nation\'s currency. A busy manufacturing industry is a positive sign that the economy is expanding, and this survey points to how busy manufacturers will be in the months to come as they work to fill new orders.
2008-11-19 09:30:00	MPC Meeting Minutes	GBP
The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes expose the votes cast at the meeting and can give traders further insight into the central bank's stance on monetary policy. Traders carefully comb the minutes for clues regarding future interest rate shifts.
2008-11-18 23:50:00	All Industries Activity Index m/m	JPY	Sep	-1.8%
Measures the change in spending for goods and services. This indicator is similar to the Tertiary Industry Activity Index released a few days prior, but it adds data from the primary sector, including fishing, farming, forestry, mining, and manufacturing.
2008-11-18 21:45:00	PPI Input m/m	NZD	Quarterly	5.6%
The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
2008-11-18 18:00:00	NAHB Housing Market Index	USD	Nov	14.0	14.0
The National Association of Home Builders (NAHB) Housing Market Index (HMI) measures the demand outlook of single-family home builders. The index is derived from a survey that asks respondents to rate the level of current sales and sales expectations over the next six months as either ԧood,ԠԦairԠor ԰oor.ԠThe survey also asks builders to rate traffic of prospective buyers as either Ԩigh to very high,ԠԡverageԠor Ԭow to very low.ԠA reading above 50 indicates that builders have a positive demand outlook.
2008-11-18 13:30:00	PPI m/m	USD	Oct	-0.4%	-1.2%
The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
2008-11-18 13:30:00	Core PPI m/m	USD	Oct	0.4%	0.2%
Derivative of the Producer Price Index (PPI) that excludes the Food and Energy items. Although Food and Energy can be very volatile from month to month, they play an important role in pass-through inflation. Therefore Core PPI usually has less impact than the overall PPI.
2008-11-18 09:30:00	CPI y/y	GBP	Oct	5.2%	4.8%
The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation\'s currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation\'s currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release.
2008-11-18 09:30:00	Core CPI y/y	GBP	Oct	2.2%
Description Derivative of the Consumer Price Index (CPI) that excludes the volatile Food, Energy, Alcohol and Tobacco items. CPI with the exclusion of these volatile components is thought to be a better indicator of the underlying inflation trend and the central bank uses it as their primary inflation gauge, aiming to keep it at an annualized rate of 2%.
2008-11-18 09:30:00	RPI y/y	GBP	Oct	5.0%	4.5%
The Retail Price Index (RPI) measures the rate of inflation experienced by consumers when purchasing goods and services. RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households.
2008-11-18 09:00:00	Trade Balance	EUR	Sep	-2.12B
Italian Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-18 08:15:00	Retail Sales y/y	CHF	Sep	0.0%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation\'s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-17 14:15:00	Industrial Production m/m	USD	Oct	-2.8%	-0.4%
Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-17 10:00:00	Trade Balance	EUR	Sep	-6.1B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-17 00:30:00	Retail Sales m/m	AUD	Quarterly	-0.6%	0.5%	0.1%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-14 15:00:00	Business Inventories m/m	USD	Sep	0.3%	0.1%	-0.2%
Measures the value of goods held by manufacturers, wholesalers, and retailers. A falling trend has a positive effect on the nation's currency because retailers order more goods when they have depleted inventories. This creates more business for the wholesales, which in turn increase their orders to manufacturers.
2008-11-14 13:30:00	Core Retail Sales m/m	USD	Oct	-0.6%	-1.2%	-2.2%
Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.
2008-11-14 13:30:00	Fed Chairman Bernanke Speaks	USD
Federal Reserve Chairman Ben Bernanke will testify before the House Financial Services Committee regarding the ongoing subprime mortgage problems. As head of the Federal Open Market Committee (FOMC), which is responsible for setting the nation\'s short term interest rate, Ben Bernanke is arguably the most influential figure in the currency markets. Bernanke is known to drop clues during his speeches, as it is the FOMC\'s tenet to keep the public aware of their monetary policy long before interest rates are changes. Heavy market volatility is often experienced during Bernanke\'s speeches as traders attempt to decipher his clues.
2008-11-14 13:30:00	Retail Sales m/m	USD	Oct	-1.2%	-2.0%	-2.8%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-14 10:00:00	CPI y/y	EUR	Oct	3.2%	3.2%	3.2%
The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation\'s currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation\'s currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release.
2008-11-14 10:00:00	Core CPI y/y	EUR	Oct	1.9%	1.9%	1.9%
Description Derivative of the Consumer Price Index (CPI) that excludes the volatile Food, Energy, Alcohol and Tobacco items. CPI with the exclusion of these volatile components is thought to be a better indicator of the underlying inflation trend and the central bank uses it as their primary inflation gauge, aiming to keep it at an annualized rate of 2%.
2008-11-14 10:00:00	GDP q/q	EUR	Quarterly	-0.2%	-0.2%	-0.2%
Flash Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy.
2008-11-14 08:00:00	ECB President Trichet Speaks	EUR

2008-11-14 00:00:00	ECB President Trichet Speaks	EUR
Tentative
2008-11-13 16:00:00	Crude Oil Inventories	USD		0.0M	1.0M	0.0M
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
2008-11-13 16:00:00	FOMC Member Plosser Speaks	USD

2008-11-13 13:30:00	Trade Balance	CAD	Sep	5.8B	5.1B	4.5B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-13 13:30:00	Trade Balance	USD	Sep	-59.1B	-57.0B	-56.5B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-13 13:30:00	Unemployment Claims	USD	Weekly	481.0K	484.0K	516.0K
Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-13 08:15:00	PPI m/m	CHF	Oct	-0.5%	-0.5%	-0.6%
The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
2008-11-13 07:45:00	CPI m/m	EUR	Oct	0.1%	0.1%	-0.1%
French The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation's currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release.
2008-11-13 07:00:00	GDP q/q	EUR	Quarterly	-0.5%	-0.2%	-0.5%
German Prelim Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy.
2008-11-12 21:45:00	Core Retail Sales m/m	NZD		0.8%	-0.1%	-0.5%
Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.
2008-11-12 21:45:00	Retail Sales m/m	NZD		0.4%	0.1%	0.1%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-12 18:00:00	ECB President Trichet Speaks	EUR

2008-11-12 10:30:00	BOE Governor King Speaks	GBP

2008-11-12 10:00:00	Industrial Production m/m	EUR	Sep	1.1%	-1.3%	-1.6%
Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-12 09:30:00	Claimant Count Change	GBP	Oct	31.8K	40.0K	36.5K
Measures the change in the number of people claiming unemployment related benefits over the previous month. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy.
2008-11-12 09:30:00	Average Earnings Index +Bonus q/y	GBP	Quarterly	3.4%	3.3%	3.3%
The Average Earnings Index (AEI) measures the average wage, including bonuses, paid to employees.
2008-11-12 09:30:00	Unemployment Rate	GBP	Sep	5.7%	5.8%	5.8%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-11 10:00:00	German ZEW Economic Sentiment	EUR	Nov	-63.0		-53.5
Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment measures institutional investor sentiment. The monthly indicator reflects the difference between the share of investors that are optimistic and the share of investors that are pessimistic. For example, if 30% of participants expect the economic situation to improve within the next six months, 30% expect no change and 40% expect the economic situation to deteriorate, the ZEW Indicator of Economic Sentiment would take a value of -10. Thus, a positive number means that the share of optimists outweighs the share of pessimists.
2008-11-11 10:00:00	ZEW Economic Sentiment	EUR	Nov	-62.7	-62.0	-54.0
Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment measures institutional investor sentiment. The monthly indicator reflects the difference between the share of investors that are optimistic and the share of investors that are pessimistic.
2008-11-11 09:30:00	Trade Balance	GBP	Sep	-8.2B	-8.0B	-7.5B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-10 23:00:00	Current Account	JPY		0.90T		0.97T
Measures the quarterly difference in value between imported and exported goods, services, income flows, and unilateral transfers. A rising trend has a positive effect on the nation's currency. The Current Account is a comprehensive accounting of the nation's trade with other countries. It includes the previously reported Trade Balance (which covers trade of goods and services), so traders focus on the income flows and unilateral transfer portions of the report.
2008-11-10 15:30:00	ECB President Trichet Speaks	EUR

2008-11-10 13:15:00	Housing Starts	CAD	Oct	218K		212K
Measures the annualized number of new residential buildings that began construction during the previous month. A rising trend has a positive effect on the nation's currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
2008-11-10 09:30:00	PPI Input m/m	GBP	Oct	-1.2%	-2.6%	-5.6%
The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
2008-11-10 09:30:00	PPI Output m/m	GBP	Oct	-0.3%	-0.4%	-1.0%
The Producer Price Index (PPI) Output measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when selling goods and services. Manufacturers are unlikely to pass Output inflation to the consumer, so it has much less market impact than its PPI Input counterpart.
2008-11-10 09:00:00	Industrial Production m/m	EUR	Sep	1.4%	-1.6%	-2.1%
Italian Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-10 07:45:00	Industrial Production m/m	EUR	Sep	-0.4%	-0.6%	-0.5%
French Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-07 20:00:00	Consumer Credit	USD	Sep	-7.9B	-0.3B	6.9B
Measures the total value of outstanding consumer installment debt
2008-11-07 15:00:00	Pending Home Sales m/m	USD	Sep	7.4%	-3.4%	-4.6%
Measures the number of signed real estate contracts for existing single-family homes, condos and co-ops. An index of 100 is equal to the average level of contract activity during 2001.
2008-11-07 15:00:00	Wholesale Inventories m/m	USD	Sep	0.8%	0.4%	-0.1%
Measures the value of goods held by wholesalers. A falling trend has a positive effect on the nation\'s currency because wholesalers order more goods from manufacturers when they have depleted inventories.
2008-11-07 13:30:00	Non-Farm Payrolls	USD	Oct	-159.0K	-200.0K	-240.0K

2008-11-07 13:30:00	Unemployment Rate	USD	Oct	6.1%	6.2%	6.5%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-07 13:30:00	Average Hourly Earnings m/m	USD	Oct	0.2%	0.2%	0.2%
Measures the rate of inflation found in the wages paid to nonfarm jobholders
2008-11-07 12:00:00	Employment Change	CAD	Oct	106.9K	-10.0K	9.5K
Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation\'s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP.
2008-11-07 12:00:00	Unemployment Rate	CAD	Oct	6.1%	6.2%	6.2%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-07 11:00:00	Industrial Production m/m	EUR	Sep	3.4%	-1.9%	-3.6%
German Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-07 07:45:00	Trade Balance	EUR	Sep	-5.4B	-5.0B	-6.3B
French Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-07 07:00:00	Trade Balance	EUR	Sep	13.1B	13.7B	13.7B
German Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
2008-11-07 06:45:00	Unemployment Rate	CHF	Oct	2.6%	2.6%	2.6%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-06 15:00:00	Ivey PMI	CAD	Oct	61.0	56.0	52.2
The Ivey Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers from all sectors of the economy, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-06 13:30:00	Jobless claims	USD	Weekly	479.0K	480.0K	481.0K
Unemployement Claims
2008-11-06 13:30:00	Building Permits	CAD	Sep	-13.5%	-1.0%	13.4%
Measures the annualized number of new residential building permits issued during the previous month. A rising trend has a positive effect on the nation's currency because obtaining a permit is one of the first steps in the home construction process. Permits therefore act as a leading indicator for the housing market. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
2008-11-06 12:45:00	ECB rate	EUR	Nov	3.75%	3.25%	3.25%

2008-11-06 12:00:00	BoE rate	GBP	Nov	4.50%	4.0%	3.0%

2008-11-06 11:00:00	Factory Orders m/m	EUR	Sep	3.6%	-2.0%	-8.0%
German Measures the value of new purchase orders placed with domestic manufacturers for durable and non-durable goods. Factory Orders tend to have a low impact because it reports much of the same information contained in the Durable Goods Orders report released over a week earlier.
2008-11-06 05:00:00	Leading Indicators m/m	JPY	Sep	89.0%	89.2%	89.2%
Measures overall economic health by combining ten leading indicators including average weekly hours, new orders, consumer expectations, housing permits, stock prices, and interest rate spreads.
2008-11-06 00:30:00	Employment Change	AUD		2.2K	-10.0K	34.3K
Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation\'s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP.
2008-11-06 00:30:00	Unemployment Rate	AUD		4.3%	4.4%	4.3%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-05 23:50:00	Monetary Policy Meeting Minutes	JPY

2008-11-05 21:45:00	Employment Change	NZD	Quarterly	1.2%	1.2%	0.1%
Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation\'s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP.
2008-11-05 21:45:00	Unemployment Rate	NZD		3.9%	4.3%	4.2%
Measures the percentage of the total work force that is unemployed and actively seeking employment. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.
2008-11-05 15:35:00	Crude Oil Inventories	USD		0.5M	1.1M	0.0M
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
2008-11-05 15:00:00	ISM Non-Manufacturing Index	USD	Oct	50.2	47.3	44.4
The Institute of Supply Management (ISM) Non-Manufacturing Index measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-05 13:15:00	ADP Non-farm Employment Change	USD	Oct	-8K	-95K	-157K
Measures the number of new jobs created in the previous month, excluding the farming industry. ADP, a leading provider of employment solutions for businesses, releases this indicator two days before the official BLS employment report. ADP claims the indicator has predictive value in regard to official statistics.
2008-11-05 10:00:00	Retail Sales m/m	EUR	Sep	0.3%	-0.4%	-0.2%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
2008-11-05 09:30:00	Manufacturing Production m/m	GBP		-0.4%	-0.4%	-0.2%
Measures the total value of output produced by manufacturers. Manufacturing Production differs from Industrial Production in that it only measures the 13 sub-sectors of production that relate directly to manufacturing. Manufacturing industries make up about 80% of total Industrial Production.
2008-11-05 09:30:00	Services PMI	GBP	Oct	46.0	44.5	42.4
The Services Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-05 09:30:00	Industrial Production m/m	GBP	Sep	-0.6%	-0.3%	-0.2%
Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income.
2008-11-05 09:00:00	Services PMI	EUR	Oct	46.9	46.9	45.8
Final The Services Purchasing Manager\'s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation\'s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
2008-11-05 03:30:00	BOJ Governor Shirakawa Speaks	JPY