Economic Calendar.
The BRC-KPMG Retail Sales Monitor measures changes in the actual value of retail sales from a sample of retailers. The Monitor measures the value of spending and hence does not adjust for price changes. If prices are rising, sales volumes will increase by less than sales values. In times of price deflation, sales volumes will increase by more than sales values. Retailers report the value of their sales and sales in the equivalent week a year ago. These figures are reported both in total and on a ‘like-for-like’ basis. The percentage increase in the value of sales on a ‘like-for-like’ basis removes the effect of the expansion of retail floor space by the retailers concerned on their sales total. Due to the sample being biased towards large retailers, the ‘like-for-like’ increase usually provides a more accurate guide to general spending patterns, though it will be biased downwards as an estimate of the growth rate for retail as a whole.
Unemployment Rate.
In Turkey, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Industrial Production YoY.
In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).
Participation Rate.
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.
Industrial Production MoM.
In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).
Industrial Production MoM.
In France, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 86 percent of total production. The biggest segments within Manufacturing are: Food products and beverages (13 percent of total production); machinery and equipment goods (13 percent), of which computer, electronic and optical products (5 percent); basic metals and fabricated metal products (12 percent); other manufacturing, repair and installation of machinery and equipment (12 percent); transport equipment (10 percent); rubber and plastics products, and other non-metallic mineral products (8 percent); and chemicals and chemical products (6 percent). Electricity, gas, steam and air conditioning account for 11 percent of total output, Water supply, sewerage, waste management and remediation account for 1 percent and Mining and quarrying account also for 1 percent.
SACCI Business Confidence.
110.9.
In South Africa, the SACCI Business Confidence Index reflects the neutral sentiment in the market place, as it captures the prevailing business climate and what businesses are experiencing. The index is composed by thirteen sub-indices, including energy supply, manufacturing, exports, imports, vehicle and retail sales, construction, inflation, share prices, private sector borrowing, financing cost, precious metal prices and exchange rate.
10-Year Treasury Gilt Auction.
3.333%
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Bundesbank Buch Speech.
Germany is a member of the European Union which has adopted the euro. Germany's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.
BoJ Kuroda Speech.
In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.
BoC Gov Macklem Speech.
In Canada, benchmark interest rate is set by the Bank of Canada's (BoC) Governing Council. The official interest rate is the Overnight Rate. Since 1996 the Bank Rate is set at the upper limit of an operating band for the money market overnight rate. Previously, from March 1980 until February 1996 the Bank Rate was set at 25 basis points above the weekly average tender rate for 3-month Treasury bills.
ECB Schnabel Speech.
In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.
Manufacturing Production MoM.
In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.
NFIB Business Optimism Index.
NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.
Manufacturing Production YoY.
In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.
Gross Fixed Investment MoM.
The Gross Fixed Investment in Mexico measures the total value of all acquisitions of fixed assets, both tangible and intangible, obtained as a result of a production process. Those are only ones which can be repeatedly used in other production processes in a period longer than one year. The value represents a year over year change of the gross fixed investment, obtained by aggregating the constant values of machinery and equipment of both national and foreign origin and of construction. They are: buildings, machinery, equipment, transport equipment, software, literary originals and other tangible and intangible fixed assets and additions and upgrades meant to prolong the usage or increase capacity. Considering the machinery and equipment of national origin, only new products are counted. Both new and used imported machinery and equipment increase the value of assets available in the country. The construction gross fixed investment index refers to the investment cost valued at the buyers cost.
Inflation Rate YoY.
In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília.
Inflation Rate MoM.
Inflation Rate MoM measures month over month change in the price of goods and services.
Gross Fixed Investment YoY.
The Gross Fixed Investment in Mexico measures the total value of all acquisitions of fixed assets, both tangible and intangible, obtained as a result of a production process. Those are only ones which can be repeatedly used in other production processes in a period longer than one year. The value represents a year over year change of the gross fixed investment, obtained by aggregating the constant values of machinery and equipment of both national and foreign origin and of construction. They are: buildings, machinery, equipment, transport equipment, software, literary originals and other tangible and intangible fixed assets and additions and upgrades meant to prolong the usage or increase capacity. Considering the machinery and equipment of national origin, only new products are counted. Both new and used imported machinery and equipment increase the value of assets available in the country. The construction gross fixed investment index refers to the investment cost valued at the buyers cost.
Redbook YoY.
The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. Same-store sales are sales in stores continuously open for 12 months or longer. By dollar value, the Index represents over 80% of the equivalent 'official' retail sales series collected and published by the US Department of Commerce. Redbook compiles the Index by collecting and interpreting performance estimates from retailers. The Index and its sub-groups are sales-weighted aggregates of these estimates. Weeks are retail weeks (Sunday to Saturday), and equally weighted within the month.
Frequently asked questions.
How to trade the news?
The financial events are typically scheduled ahead of time. There are usually predictions ahead of the release ( Forecast column in our Forex news calendar) of how it will affect the market. Some traders choose to open positions depending on their expectations of economic indicator reports: if they expect a particular indicator to move the currency up, they buy it and vice versa. Other traders dislike rapid price movements that may happen when indicators are released, so they steer clear of using the FX calendar and trading the news. There are many news trading strategies: you have to use the one you find best suited for your trading style. FBS, apart from providing all the necessary services for trading, also have all the vital information for any trader's needs. Check out our news section to be aware of possible market movements. Even if you are not one to trade the news, you should still check the trading economic calendar or read about current economic events regularly because they are likely to affect market volatility.
How to read the economic calendar?
Sometimes the number of current economic events can be overwhelming. So, first of all, make sure to use filters to see the most relevant indicators for your Forex trading. For example, you can choose currencies that you are planning on trading or the indicator impact. At the top of our Forex trading calendar, choose the most convenient time zone. Use numeric values of the indicators to navigate market changes. This is why forecasts and actual release figures are essential. Compare the numbers: if the Actual value is bigger than the forecast, this is good for the currency and it is likely to go up in price; if the Actual value is lower than the Forecast , it is likely to drop. You can apply similar logic to the Previous and Forecast values before the actual data is released, but be careful – forecasts are always preliminary and actual figures might be drastically different.
What is the economic calendar?
Economic calendar, also known as Forex economic calendar or FX Calendar, is a tool that allows traders to make the fundamental analysis of financial markets based on economic news. That is – you will be able to see macroeconomic events that move the market and make Forex trading decisions based on the data.
Is the economic calendar updated in real-time?
Our major economic events calendar is updated automatically as the reports come out. FBS is there to offer timely updates to the economic calendar, but we cannot be held accountable for any delays due to the immoderate flow of trading news events.
What economic indicators are there?
The US Treasury Yield Curve – shows the ratio between short-term Treasury bills and long-term Treasury bonds. This indicator successfully predicted eight major recessions of the past years. GDP (Gross Domestic Product) – one of the most critical metrics of the economy's health. It is a lagging indicator, so it shows what has already happened, but can be a great marker of an upcoming recession. Unemployment Rate – this is a percentage of people seeking jobs and will indicate how healthy the labor force and, thus, the economy really is. Interest Rates – another lagging indicator that shows economic growth. It can affect GDP and inflation, so be aware of this one.
These are some of the few important indicators. Make sure to follow our daily trading plans from FBS analysts to learn more about the current trading news events and how they will affect your Forex trading.
What data is included in the economic calendar?
Previous shows the value the indicator had in the previous period (usually, one month or one year); Forecast shows the estimated value of the indicator based on a survey of 20-240 economists; Actual is the value published by an official source like a national statistics agency or an analytical center.
We also provide additional information about the specific indicators and the graphs showing changes in value by month or year – click the indicator you're interested in to learn more.